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THV system, final edition

  • #11,521
  • Jun 18, 2009 12:40am Jun 18, 2009 12:40am
Quoting traderathome
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.....

I'm loving the commentary... thank you for the insights Traderathome.... now were in consolidation from the shorts...? or a bigger move under way to break 1.39??
Attached Image
Pipnosis "Mistakes are the portal of discovery." - James Joyce
  • #11,522
  • Jun 18, 2009 1:46am Jun 18, 2009 1:46am
Quoting Pipnosis
I'm loving the commentary... thank you for the insights Traderathome.... now were in consolidation from the shorts...? or a bigger move under way to break 1.39??
Up and down about mR1, multiple times. Asian professional traders engauged in trading small moves of 20 - 40 pips, or bouncing it around and loading up on one side, while hoping the movement draws others in on the other side? I'll be interested to see which way it finally goes. And we likely won't know until the frankfurt or euro session begins.
  • #11,523
  • Jun 18, 2009 1:59am Jun 18, 2009 1:59am
Hi T@H,

Pardon me if I sound stupid, but there is something I fundamentally don't understand about volume analysis. If I understand correctly, the price of a forex instrument is determined by all the transactions in the whole market (the interbank market which is huge, the various retail otc brokers etc) plus or minus a few pips for your broker's manipulations. But if you are trading at one broker, you can only see the volume for that broker, which is a tiny fraction of the market, unlike what you see, for example for the volume of a stock on the exchange it's traded on no matter which broker you trade with. So how / why volume analysis actually work for forex?


Quoting traderathome
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.....
  • #11,524
  • Jun 18, 2009 3:25am Jun 18, 2009 3:25am
Is it an entry-signal, if PA crosses the coral after trix crosses?
  • #11,525
  • Jun 18, 2009 3:31am Jun 18, 2009 3:31am
Quoting MissPips
Hi T@H,

Pardon me if I sound stupid, but there is something I fundamentally don't understand about volume analysis. If I understand correctly, the price of a forex instrument is determined by all the transactions in the whole market (the interbank market which is huge, the various retail otc brokers etc) plus or minus a few pips for your broker's manipulations. But if you are trading at one broker, you can only see the volume for that broker, which is a tiny fraction of the market, unlike what you see, for example for the volume of a stock on...
MissPips. You are absolutely right. You cannot determine the volume outright. The majority of the volume is done on professional platforms.
Maybe you can derive the volume by extrapolating, but this platform shows only a very, very small fraction.
  • #11,526
  • Jun 18, 2009 3:54am Jun 18, 2009 3:54am
Gbp is mad.
  • #11,527
  • Edited 4:28am Jun 18, 2009 4:20am | Edited 4:28am
Quoting MissPips
Hi T@H,

Pardon me if I sound stupid, but there is something I fundamentally don't understand about volume analysis. If I understand correctly, the price of a forex instrument is determined by all the transactions in the whole market (the interbank market which is huge, the various retail otc brokers etc) plus or minus a few pips for your broker's manipulations. But if you are trading at one broker, you can only see the volume for that broker, which is a tiny fraction of the market, unlike what you see, for example for the volume of a stock on...
I am too interested, and how do you use them ? Here are two brokers: Alpari & Fxpro. Thanks.
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  • #11,528
  • Jun 18, 2009 4:27am Jun 18, 2009 4:27am
Quoting Heilpraktike
Is it an entry-signal, if PA crosses the coral after trix crosses?
Please help me
  • #11,529
  • Jun 18, 2009 4:33am Jun 18, 2009 4:33am
Quoting Heilpraktike
Please help me
Go to first page and download THV3 manual. It is well explained there, how to use THV indicators. Hope this helps...
  • #11,530
  • Jun 18, 2009 4:39am Jun 18, 2009 4:39am
Quoting Wlfx
Go to first page and download THV3 manual. It is well explained there, how to use THV indicators. Hope this helps...
I have done, but i did not found the answer of my question. Sorry, my english is not good
  • #11,531
  • Jun 18, 2009 5:21am Jun 18, 2009 5:21am
Quoting Heilpraktike
I have done, but i did not found the answer of my question. Sorry, my english is not good

Entry:
Above Coral only long, below Coral only short
Price crosses cloud - both Trix cross each other and have the same color.


Best and most secure trend confirmation is a cross of the fast Trix on the zero level.

Your Entry must be based on Fast & Slow Trix crossover...not at cross of Coral. It is used to know in what direction to trade. Otherwise it is your decision to take trade if Trix cross happen Above/Below Coral depending on TF you are trading.
  • #11,532
  • Jun 18, 2009 5:54am Jun 18, 2009 5:54am
Quoting Wlfx

Entry:
Above Coral only long, below Coral only short
Price crosses cloud - both Trix cross each other and have the same color.

[font=Arial,Arial][size=3]
Best and most secure trend confirmation is a cross of the fast Trix on the zero level.

[size=3][font=Arial,Arial]Your Entry must be based on Fast & Slow Trix crossover...not at cross of Coral. It...
Thank you very much, dear Wflx
  • #11,533
  • Jun 18, 2009 9:49am Jun 18, 2009 9:49am
Thanks MissPips, such query has always been on my mind ever since someone (not TH) started using 'volume analysis'. For all these years, from being FX broker (human not electronic platforms) for banks to being a full time trader; volume is something that will never work when it comes to FX trading, well to me anyway. I find it strange, to say the least, that some system would use volume to gauge Spot FX. Maybe, TH can explain to us a little how this works indeed. TIA

Have a good one
Jeff


Quoting MissPips
Hi T@H,

Pardon me if I sound stupid, but there is something I fundamentally don't understand about volume analysis. If I understand correctly, the price of a forex instrument is determined by all the transactions in the whole market (the interbank market which is huge, the various retail otc brokers etc) plus or minus a few pips for your broker's manipulations. But if you are trading at one broker, you can only see the volume for that broker, which is a tiny fraction of the market, unlike what you see, for example for the volume of a stock on...
~*~You are only one trade away from humility~*~
  • #11,534
  • Jun 18, 2009 10:40am Jun 18, 2009 10:40am
Assistance please from anyone who knows the answer. I've been trying my best to find how to draw the short lines shown in the chart below. The two short blue ones in Cashmeers chart showing divergence. Can someone please tell me where that tool is in MT4? I'm only able to locate the trendlines which go all the way across the screen. Thank you in advance!!

It's really silly actually...I've been through every menu (so I think) as well as the preferences and help files..but obviously I'm missing it. I finally have to take my piece of humble pie and post my ignorance after spending waaaay too much time on this without success. Probably should have just asked first. And yes, I'm one of those that has trouble asking for directions when I'm driving too!



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...
Pipnosis "Mistakes are the portal of discovery." - James Joyce
  • #11,535
  • Jun 18, 2009 10:43am Jun 18, 2009 10:43am
Hi,

Can anyone show me how to erase those items in the "white" circle?


Thanks a lot.
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  • #11,536
  • Jun 18, 2009 10:54am Jun 18, 2009 10:54am
Use the trendline tool (that's the diagonal line on the line studies
tool bar.
Draw a line.
Select it.
Right click to get the Properties menu
Select the Parameters tab
Uncheck 'Ray'



Quoting Pipnosis
Assistance please from anyone who knows the answer. I've been trying my best to find how to draw the short lines shown in the chart below. The two short blue ones in Cashmeers chart showing divergence. Can someone please tell me where that tool is in MT4? I'm only able to locate the trendlines which go all the way across the screen. Thank you in advance!!

It's really silly actually...I've been through every menu (so I think) as well as the preferences and help files..but obviously I'm missing it. I finally have to take my piece of humble pie and...
  • #11,537
  • Jun 18, 2009 11:46am Jun 18, 2009 11:46am
Quoting MissPips
Hi T@H,

Pardon me if I sound stupid, but there is something I fundamentally don't understand about volume analysis. If I understand correctly, the price of a forex instrument is determined by all the transactions in the whole market (the interbank market which is huge, the various retail otc brokers etc) plus or minus a few pips for your broker's manipulations. But if you are trading at one broker, you can only see the volume for that broker, which is a tiny fraction of the market, unlike what you see, for example for the volume of a stock on...
All very true, MissPips. The consensus is that ANY brokers volume data feed is "representative" of the market as a whole....a piece of the pie if you will, but a proportional piece of the pie. Is it true? Who knows. I have even found different indy results from different servers at the SAME broker! ....different, but not materially so....not so as to change any trading decision made on volume.
  • #11,538
  • Edited 12:30pm Jun 18, 2009 12:08pm | Edited 12:30pm
EU M15: Last night I was thinking "this has a good chance to go down to 1.3911/FPV", but not much later thinking "...but by way of R1!". It did, and with much tradeable up/down between. Now this has me thinking this whole area is nothing more than consolidation before a much bigger move..."PA mover" trading organizations biding their time while trying to come to a decision which side they want to be on, and once deciding then trying to get large positions without moving price too much.

Regarding the questions on use of volume....much of the time it is not an important part of trading decisions. But there are times when it becomes obvious during a bar that price is moved first on little volume, and then at the price extreme of the bar heavy volume comes in.....like moving it up/down on a volume of "3" and then at the top/bottom the volume jumps to 13 -22! Or, when a few bars move the price on low volume and then the price stops moving on the next bar which has very high relative volume, in which case you may wll surmise they moved the price to where they wanted to make their more substantial trade (buy low, sell high). When this kind of volume action is evident you know they are buying at the top, or sellling at the bottom, and if that senario fits in with all else the charts are saying, it adds support to the predictive nature of certain setups.....just as the MTF Trix adds suopport to picking the best time to enter a trade based on all else the chart is showing. Volume is only a small factor in the whole picture, but sometimes on small TFs it is "screaming" about what is going on. And sometimes on larger TFs, a large spike in relative volume, is precursor to a nice, longer move. Look at the relative volume spike (tan boxes) on the attached M1 chart....it happened just before the 100+ pip run.

Edit: Volume is like all indicators, which lots of the time are not saying anything in a strong way. But every once in a while an indicator starts saying something in a strong way, and then so may others....each adding support to the same hypothesis.
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  • #11,539
  • Edited 1:16pm Jun 18, 2009 12:43pm | Edited 1:16pm
EU M1: An example of relative volume spike as price moves down out of previous range where there had also been some spikes. Story it may be saying is they were loading up on shorts and now are starting the drive down to build in profits. Predicting is dangerous, however follow-on PA may support....

Edit (about 20 minutes later): PA moved down to whole number area (1.3900) at this time and still looking like more to go....a 75 - 100 pip move?
Edit (about 30 minutes later): Ok, looks like a 100 pip move, essentially from R1=1.3979 down to mS1= 1.3877, give or take a few. Nice, yesterday in reverse.
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  • #11,540
  • Jun 18, 2009 2:08pm Jun 18, 2009 2:08pm
Thanks TraderatHome!

Quoting traderathome
All very true, MissPips. The consensus is that ANY brokers volume data feed is "representative" of the market as a whole....a piece of the pie if you will, but a proportional piece of the pie. Is it true? Who knows. I have even found different indy results from different servers at the SAME broker! ....different, but not materially so....not so as to change any trading decision made on volume.
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