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THV system, final edition

  • #11,621
  • Jun 24, 2009 1:57am Jun 24, 2009 1:57am
Hi All, Could someone help give me some clarity re the settings for the Pivot point indicator . There are 2 settings to be entered. The first one re the GMT/Broker server offset I understand , but the 2nd re the Destination_Hrs from GMT has me confused . Shown in the manual table layout are 3 values for any one offset [ie Tokyo Open,London Open ,NY Close] .
How are these 3 different settings entered to say 4 charts of different pairs being monitored.
Must I find out the " start candle " time for each currency pair in order to evaluate the + or - hrs . If so where are these tabled and in any case which of the above three time zones applyto which pair . For example if my GMT offest is +1 and I'm looking at USD/JPY must I use the setting for Tokyo Open which is shown as 0
Its very confusing
Your help greatly appreciated , Melco
  • #11,622
  • Jun 24, 2009 2:43am Jun 24, 2009 2:43am
Quoting cobraforex
Has something to do with daylight settings I guess.
Maybe you want to ask that question in the Programming thread, search for Derk Wehler, he coded the indi.
Cobraforex,

Thanks for the info. I'll check with Derk and see if he can help me out.

Cheers!
  • #11,623
  • Jun 24, 2009 4:03am Jun 24, 2009 4:03am
Quoting notch
Hi all,
In the manual it states that trades should only be taken when the price is above or below the coral (risk 1) (plus other conditions) but it makes no refernce to the colour of the Coral. Should short trades only be taken when the coral is red (risk 1) and long when the coral is green (risk1). Obviously the other conditions would need to met met also.

Sorry. Red basically means down trend and green is uptrend. Yellow is the point of change....right?
Hi Notch.

As i know most of THV traders do not care about color of Coral, only long above coral and short below it.
  • #11,624
  • Jun 24, 2009 4:46am Jun 24, 2009 4:46am
Quoting Wlfx
Hi Notch.

As i know most of THV traders do not care about color of Coral, only long above coral and short below it.
Thanks.
  • #11,625
  • Jun 24, 2009 7:26am Jun 24, 2009 7:26am
Any reason for not going long at 15.09? We could draw a small trendline which was broken south but it happens often that the corrections are deep ant then the price comes back and takes a nice ride - so I didn't draw it. Maybe we should stay out because of divergence? Or would it be just a false signal?
Attached Image (click to enlarge)
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  • #11,626
  • Jun 24, 2009 7:53am Jun 24, 2009 7:53am
Quoting 3trader
Any reason for not going long at 15.09? We could draw a small trendline which was broken south but it happens often that the corrections are deep ant then the price comes back and takes a nice ride - so I didn't draw it. Maybe we should stay out because of divergence? Or would it be just a false signal?
Hi,

the reason to stay out is because the slow trix > fast trix.
  • #11,627
  • Jun 24, 2009 9:06am Jun 24, 2009 9:06am
Quoting 3trader
Any reason for not going long at 15.09? We could draw a small trendline which was broken south but it happens often that the corrections are deep ant then the price comes back and takes a nice ride - so I didn't draw it. Maybe we should stay out because of divergence? Or would it be just a false signal?
If your using THV entries, then it's important to realize that your below the Coral, so only shorts should be looked at... in addition, you don't have the 1MTF and 5MTF in alignment (colors) with at least four other lights... and also the PA is above the cloud, so no signals there as far as I can tell.
Pipnosis "Mistakes are the portal of discovery." - James Joyce
  • #11,628
  • Jun 24, 2009 10:01am Jun 24, 2009 10:01am
Quoting cobraforex
Same question like: what's the best car?
Well that's easy - Porsche
  • #11,629
  • Edited 10:46am Jun 24, 2009 10:18am | Edited 10:46am
You are trading against the hourly trend which is red. If you want to trade counter trend, the best plays are divergence plays when PA bounces off something sturdy like the Pivot. You missed that trade about 60 pips back at the divergence when PA bounced of the pivot and the 38% fib of the big move up yesterday, at about 14:50 and 1.4006. So either the Euro has turned around completely, or this is a retracement. If it's a retracement, it's gone pretty far already. So which is it - a turn around or a retracement?

Well,
1) A trendline in the Trix has already been broken arguing for a short here
2) A trendline in PA has already been broken arguing for a short here.
3) There is divergence in the Trix arguing for a short here.
4) The trix has been up in oversold territory and is coming down
5) You can take 6 point trades when the fast trix is below (for a long ) the slow trix, but if the slow trix is sharply angled down it's not a good idea. It's better when the slow trix is going flat
6) The Euro usually likes to go for the 68% fib or at least the 50 before it turns around.


So doesn't look too good for the idea that it's a complete turn around here.....






Quoting 3trader
Any reason for not going long at 15.09? We could draw a small trendline which was broken south but it happens often that the corrections are deep ant then the price comes back and takes a nice ride - so I didn't draw it. Maybe we should stay out because of divergence? Or would it be just a false signal?
  • #11,630
  • Jun 24, 2009 10:19am Jun 24, 2009 10:19am
hi .did any body can help me hire ? how i can convert the ex4file to mq4.metatrader/and how i can register in the thv home that i can download the indicator from miss pip i need it for trix histo .thank you too much for help .
  • #11,631
  • Edited 11:17am Jun 24, 2009 11:05am | Edited 11:17am
I am using the trix for mtf histo. Is there a way I can
have it so the highline and lowline always show..
well obviously when within reasonable range of
those levels.. I mean I understand when the lowline
cant be see when the trix is above 0 near the highline,
but when its below 0 and falling. I should be able to
see the lowline Is there anything I can do to ensure they always show when
in range?
  • #11,632
  • Jun 24, 2009 11:15am Jun 24, 2009 11:15am
The trix histo that has been released uses THV3 Trix for MTFHisto which is in the zip file on the first page.

Quoting radi164
hi .did any body can help me hire ? how i can convert the ex4file to mq4.metatrader/and how i can register in the thv home that i can download the indicator from miss pip i need it for trix histo .thank you too much for help .
  • #11,633
  • Jun 24, 2009 11:27am Jun 24, 2009 11:27am
I think that a bug in the mtf indies is causing this (fixed in the next version to bev released). Meanwhile, you can put the trix below the mtf indies on the chart or you can edit the trix and add the levels yourself to the trix indie in the levels tab.

Quoting golden1
I am using the trix for mtf histo. Is there a way I can
have it so the highline and lowline always show..
well obviously when within reasonable range of
those levels.. I mean I understand when the lowline
cant be see when the trix is above 0 near the highline,
but when its below 0 and falling. I should be able to
see the lowline Is there anything I can do to ensure they always show when
in range?
  • #11,634
  • Jun 24, 2009 11:36am Jun 24, 2009 11:36am
Ok just wanted to make sure I was not causing the issue.

Thank you I will add the levels

Brian

Quoting MissPips
I think that a bug in the mtf indies is causing this
(fixed in the next version to bev released). Meanwhile, you can put the trix below the mtf indies on the chart or you can edit the trix and add the levels yourself to the trix indie in the levels tab.
  • #11,635
  • Jun 24, 2009 11:44am Jun 24, 2009 11:44am
Quoting bart021
Well that's easy - Porsche
Too Easy - BMW
  • #11,636
  • Jun 24, 2009 12:23pm Jun 24, 2009 12:23pm
http://images.google.com/imgres?imgu...a%3DN%26um%3D1
Quoting Wlfx
Too Easy - BMW
wrong . I drive this and its the best.

http://gulfcoastnews.com/images/Road...etteYellow.jpg
  • #11,637
  • Jun 24, 2009 12:28pm Jun 24, 2009 12:28pm
Quoting ForexTrader1
http://images.google.com/imgres?imgu...a%3DN%26um%3D1

wrong . I drive this and its the best.

http://gulfcoastnews.com/images/Road...etteYellow.jpg
  • #11,638
  • Jun 24, 2009 12:33pm Jun 24, 2009 12:33pm
Quoting Wlfx
lets agree that I am right and stop before Cobra slaps us for getting off topic
  • #11,639
  • Jun 24, 2009 2:31pm Jun 24, 2009 2:31pm
Quoting ForexTrader1
lets agree that I am right and stop before Cobra slaps us for getting off topic
I think the best car is the one that you can afford without blowing your equity.
If you're not part of the solution then you're part of the problem.
  • #11,640
  • Edited 4:53pm Jun 24, 2009 4:23pm | Edited 4:53pm
Radi, what's your native language?

Maybe there is somebody here that talks your language and can help you better that way as I see that your main problem is communication.

Quoting radi164
hi .did any body can help me hire ? how i can convert the ex4file to mq4.metatrader/and how i can register in the thv home that i can download the indicator from miss pip i need it for trix histo .thank you too much for help .
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