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THV system, final edition

  • #11,501
  • Jun 17, 2009 1:47pm Jun 17, 2009 1:47pm
Quoting Nagpada
Has this template been tested ? Though it is exactly what I was looking for the picture it projects is very different on different TF's. So for example viewing the 4H TF it will show 15M TF to be green for 4 bars, if I switch to 1H TF, here it shows 15 M TF to be green for only 1 bar. This happens more often than not. The difference in the picture painted are quite major and misleading.

Comments ? Thanks.
To Nagpada

As MissPips said concerning mtf lights it has to be so. Several compressed lights from lower tf must show as one. It's not a flaw, it is physically impossible to show. It really has sense only to show higher TFs on any given TF.

It has been tested, but for the system of 6 lights for a go. I'm not using it anymore, I just use simple THV 3.

Cheers
  • #11,502
  • Jun 17, 2009 1:47pm Jun 17, 2009 1:47pm
Quoting Gobl
is it possible to add the indicators on the Oanda software?
No - 'fraid not
  • #11,503
  • Jun 17, 2009 1:52pm Jun 17, 2009 1:52pm
Nice move, this one. I managed to catch 50 pips - trying not to be greedy as it showed wrong so many times before.
  • #11,504
  • Jun 17, 2009 1:57pm Jun 17, 2009 1:57pm
Sometimes the market is really predictable...

Even though there weren't 6 MTF lights (4 for divergence and 2 more from the MTF) if one has an appetite for countertrend trades this one was as predictable as they come...

Considerations:

1.) Bearish Divergence and rejection at MR3.
2.) Trix Cross and Break of TRIX T/L, twice...

Attached Image (click to enlarge)
Click to Enlarge Name: thv mtf 1035.jpg Size: 190 KB


Straight to the PA T/L which, at least in my chart coincides with R2 and 1.3950

~ 20 good pips...
Deprive a man of everything and you give him nothing to lose.
  • #11,505
  • Jun 17, 2009 2:17pm Jun 17, 2009 2:17pm
Quoting cashmeer
Sometimes the market is really predictable...

Even though there weren't 6 MTF lights (4 for divergence and 2 more from the MTF) if one has an appetite for countertrend trades this one was as predictable as they come...

Considerations:

1.) Bearish Divergence and rejection at MR3.
2.) Trix Cross and Break of TRIX T/L, twice...

Attachment

Straight to the PA T/L which, at least in my chart coincides with R2 and 1.3950

~ 20 good pips...
Nicely explained - thanks
  • #11,506
  • Jun 17, 2009 2:53pm Jun 17, 2009 2:53pm
Thank you for your clarifications. Useful though this template is I will have to modify my analysis for at present I use only the lights and candle size to trade.
Thank you for your help.
  • #11,507
  • Jun 17, 2009 5:51pm Jun 17, 2009 5:51pm
hi at all!

what do you think abiut cci? is it better thv or cci? i love thv, but i want to try also cci.. any advice?
  • #11,508
  • Edited 7:03pm Jun 17, 2009 5:55pm | Edited 7:03pm
EU M1: Hard to say with certainty, but PA may be worked down to next SR level, the central pivot at 1.3911.

Edit: Bad call, unless going to FPV by way of R1! (Don't laugh. It is how the asian professional traders do things.....highly manipulative) Lots of higher relative volume (black and red bars) at the upper regions of the up phases. It appears they are pumping and then shorting.
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  • #11,509
  • Jun 17, 2009 6:45pm Jun 17, 2009 6:45pm
Try it, but please post the CCI trades in the CCI thread

Quoting pattinatore
hi at all!

what do you think abiut cci? is it better thv or cci? i love thv, but i want to try also cci.. any advice?
  • #11,510
  • Jun 17, 2009 6:54pm Jun 17, 2009 6:54pm
That's my take on Oanda (I have an account with them) but I use the chart only in emergencies.

They have a very fast execution.

Quoting Gobl
is it possible to add the indicators on the Oanda software?
Attached Image (click to enlarge)
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  • #11,511
  • Jun 17, 2009 7:00pm Jun 17, 2009 7:00pm
Quoting cobraforex
Try it, but please post the CCI trades in the CCI thread
Is he talking about the CCI indy?
  • #11,512
  • Jun 17, 2009 7:05pm Jun 17, 2009 7:05pm
EU M1: "M" top? And end of asian session first direction run? Time to short?
Attached Image (click to enlarge)
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  • #11,513
  • Jun 17, 2009 7:40pm Jun 17, 2009 7:40pm
I guess so.

Looks nice your bright chart.

Quoting traderathome
Is he talking about the CCI indy?
  • #11,514
  • Jun 17, 2009 7:47pm Jun 17, 2009 7:47pm
Quoting cobraforex
I guess so.

Looks nice your bright chart.
Nice? Ok, needs a name then....oh say, "THV True".

See it at: http://www.forexfactory.com/attachme...6&d=1226709599
  • #11,515
  • Jun 17, 2009 7:54pm Jun 17, 2009 7:54pm
EU M30: Double "M" top at significant SR area? Note high relative volume at this top (red volume bar). Shorting there?

EU M1: Will PA drive down thru mR1 at next test?
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  • #11,516
  • Edited 8:37pm Jun 17, 2009 8:23pm | Edited 8:37pm
EU M1: Looking to see if PA plows thru mR1!

Edit: No, looks like another pullup before it will be allowed. Highest increase in relative volume on run down (black bars) indicates unrestrained shorting as price plummeted. They saved it before the SR break.....another pullup, and then.....?????

Edit: Speculation - Those two high areas were the product of manipulated pumps....where the traders made the PA look like "time to go long", enticing retailers to go long while they took the short side of the trades. If this is the case, then these "professional" asian traders loaded up on shorts during those two pumps. The conclusion is there will be a profitable (for them) drop in price eventually.
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  • #11,517
  • Edited 8:50pm Jun 17, 2009 8:39pm | Edited 8:50pm
EU M1: PA breaking mR1. Red high relative volume bar preceeds it.....shorting! BINGO!!!!!!!

Edit: But not so fast......PA turns back up to retest SR.....and lingers there???? Time for more casual short gathering, low volume shorting to not affect drop in PA further, before they are ready and finished?
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  • #11,518
  • Jun 17, 2009 8:53pm Jun 17, 2009 8:53pm
EU M1: And with another real high relative volume spike (black bar), PA proceeds lower....another heavy round of shorting?? But yet again they pull the PA up, apparantly not ready for it to drop yet. When it does, it will be building in profits for these shorting traders.....imho.

Edit: Another look at the M30, easy to see there is room for downside PA.
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  • #11,519
  • Edited 9:24pm Jun 17, 2009 9:12pm | Edited 9:24pm
EU M1: Weak, low angle trix climb + what looks like a Bear Channel (yellow ellipse). If it is, then PA drop is likely forthcoming.

Edit: Or, three Bear Channels......repeatedly re-cycling PA up while trading. Gee, wonder why! (rhetorical).
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  • #11,520
  • Edited Jun 18, 2009 12:01am Jun 17, 2009 10:49pm | Edited Jun 18, 2009 12:01am
EU M1: This is getting boring. Three times pumped and then back towards mR1, but no true break beneath......yet. Volume is top heavy, which is to say the most trading is being done at the peaks of various moves. This, to me, spells shorting. But they can keep this up and down going on for quite a while, I guess. Makes me suspect their finale' will be a quick run up to R1 before they pull the rug.

Edit: Or maybe not. The move down seems now underway.....
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