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THV system, final edition

  • #11,781
  • Jul 2, 2009 11:22am Jul 2, 2009 11:22am
Quoting MCFly
Found this post in another thread:

"The only way to close a BUY order that is running would be to open a SELL order for an equal amount.

Banning entry orders is only in the sense that you can't place SL and TP that is associated with an existing order. You can place an entry SELL order for same amount as BUY so that when that level is hit, SELL order would activate. Since BUY and SELL can't exist together (no hedging policy in US), SELL would close BUY.

http://forexforums.dailyfx.com/nfa-f...s-answers.html"...
IF this apply to all fx brokers IMO it will end to FX market. But i think here is something not clear.
  • #11,782
  • Jul 2, 2009 11:42am Jul 2, 2009 11:42am
Quoting Wlfx
IF this apply to all fx brokers IMO it will end to FX market. But i think here is something not clear.
It only applies to the U.S. regulated market. Many U.S. residents hold offshore accounts. I think that is the best way to handle the problem as the U.S. financial system is in "freak out" mode, and may take years for the dust to settle. In the meantime, regulations could get weirder.
  • #11,783
  • Jul 2, 2009 11:48am Jul 2, 2009 11:48am
Hi Cobra,
can you please tell me what does the letters T.H.V. means ??

Thanks
I am Brazilian and I never give up!
  • #11,784
  • Jul 2, 2009 11:52am Jul 2, 2009 11:52am
Quoting windelevel
Hi Cobra,
can you please tell me what does the letters T.H.V. means ??

Thanks
Tetra Hidro Vanabinol? uhahuauha
  • #11,785
  • Jul 2, 2009 11:59am Jul 2, 2009 11:59am
The Holy Virgin
  • #11,786
  • Jul 2, 2009 12:00pm Jul 2, 2009 12:00pm
Quoting windelevel
Hi Cobra,
can you please tell me what does the letters T.H.V. means ??

Thanks
If you read from the first post, you notice 1 of the poster is named Turhovach, he is the original creator of this system and Cobra name this system after him.
  • #11,787
  • Jul 2, 2009 12:17pm Jul 2, 2009 12:17pm
Quoting TradeWell
It only applies to the U.S. regulated market. Many U.S. residents hold offshore accounts. I think that is the best way to handle the problem as the U.S. financial system is in "freak out" mode, and may take years for the dust to settle. In the meantime, regulations could get weirder.
Hi TradeWell, i just do some researches on this and see a lot of variations on trade executions. One of them - "if buy is taken - ways of closing position is to open a SELL order or open another BUY order with increased lot". Maybe i do not understand it in right way, but if this is so i do not see how traders can profit having such rules plus S/L T/P rules. If US traders will not be able to help their national currency how this can help to US economy ? I am just scared if this start in other countries too, because today the whole world is in crisis.
  • #11,788
  • Jul 2, 2009 12:18pm Jul 2, 2009 12:18pm
Quoting DarkDays
I'm still working my way through this thread (only on page 155 or so) and am learning a lot. I started a journal labeled Billions in the journal section and am dedicated to learning how to trade this method.

Here was my trade comments / suggestions welcome!
Good to see some of your trades here DD. I have visited your thread and your website and I noticed that you moved up to the M5 TF from the M1. Good choice if you are a newbie. The higher TFs give you less stress but you also need more patience to trade them...as you are seeing. I see too that you are steadily reading through the thread but may I recommend that you add the MTF Histo to your chart so that you can see what's going on in the higher TF. Of course this is if you don't already have multiple screens showing the different TFs.

Good job though and all the best in your learning
  • #11,789
  • Jul 2, 2009 12:18pm Jul 2, 2009 12:18pm
In Oanda will not change anything, that's what the staffs told me yesterday.

And for me was the worst trading day since times, but maybe I'm not concentrated enough as I have the head full of other stuff.

That means a week vacation of FX.

I do that always when I feel that I'm not in condition to trade.

Quoting cashmeer
Hey Jeff:

That REALLY freaked me out...I called Oanda, where I have my account and they told me that this issue about S/Ls and Limit orders was incorrect on FXCM, at least that is what they told me...

The issue of FIFO and no hedging stands but trading without S/Ls, and no limit orders and not being able to modify a position, is according to Oanda not changing....

HOW THE FUDGE WOULD ANYONE TRADE WITHOUT A STOP LOSS and without being able to use limit orders !!!

I am so shocked by the thought of it that I cannot even come up with an analogy...

The...
  • #11,790
  • Jul 2, 2009 12:55pm Jul 2, 2009 12:55pm
Agree. Check out the 4 hr chart

Quoting jharteam
On this time frame, the Eur/Usd is rebounding right at the sliding parallel of this white down sloping Andrew's Lines. To fine tune for an entry, 1-min time frame provided us with a low risk entry with perfect divergence on the TRIX. Though, this is a rebound on the 15-min time frame, my hourly Andrew's Lines are pointing for a POTENTIAL bottoming of this down move. Take care.

Have a good one
Jeff
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  • #11,791
  • Edited 2:49pm Jul 2, 2009 1:17pm | Edited 2:49pm
Quoting jharteam
Just received an email from a trader friend of mine, jeez, looks like they will go all out to protect the potential sell off of the USD. Looks to me it's the end of the FX market soon if this happens. They start making up rules along the way whenever they feel they fit their plots. I think this irrational behavior of ill intent will bite them back soon enough....

[23:03] <falcon7> A major new National Futures Association (NFA) rule goes into effect on August 1, 2009. This rule affects all U.S. Regulated Forex Dealer Members. Forex traders will...
In addition to my broker account (offshore) formerly I ran a demo account with IBFX on which I trade PA on a naked chart and, because old habits die hard, I have a system with indicators for confirmation running on my broker account. I have now dispensed with the IBFX account and now have an offshore demo.

This AM (US ESD) I tried to enter a buy stop on the IBFX demo account and found that new rules as detailed in the FXCM press release email appear to have been implemented already. IMO the new rules, including the recent prohibition on going long and short in the same pair have more to do with protecting dealers/brokers' profits than supporting the USD.

I use MT4 ver 223 because the latest version 224 has a block built in against going long and short in the same pair. I suspect that it won't be long before the 223 version will unavailable to US traders.

Good trading to all,

PH
  • #11,792
  • Jul 2, 2009 1:29pm Jul 2, 2009 1:29pm
Quoting Wlfx
Thanks. If you mean win/loss stats, its available on detailed statment.
Even after magnification I am unable to read your statement on my screen.
  • #11,793
  • Jul 2, 2009 1:41pm Jul 2, 2009 1:41pm
Quoting Nagpada
Even after magnification I am unable to read your statement on my screen.
.
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  • #11,794
  • Jul 2, 2009 2:37pm Jul 2, 2009 2:37pm
Quoting Wlfx
.

Thanks.
  • #11,795
  • Jul 2, 2009 2:38pm Jul 2, 2009 2:38pm
then this is basically trying to monopolize the retail sides of the FX businesses which most if not all of the retail platform will be switching to this so called new rules. Well known data vendor such as Reuters, Bloomberg and the gone-for-good Telerate had done their parts in concerted manner to corner their clients. That's why, I hate all of these data vendors with a passion. I worked for one before, their business objective was definitely NOT catered towards the over all benefits for their clients. Such kind of business practices, we'll just have to wait a bit more and be patient about it, these bloody useless twits will have massive cancellation soon.


Quoting PipHopeful
In addition to my broker account (offshore) formerly I ran a demo account with IBFX on which I trade PA on a naked chart and, because old habits die hard, I have a system with indicators for confirmation running on my broker account. I have now dispensed with the IBFX account and now have an offshore demo.

This AM (US ESD) I tried to enter a buy stop on the IBFX demo account and found that new rules as detailed in the FXCM appear to have been implemented already. IMO the new rules, including the recent prohibition on going long and short in the...
~*~You are only one trade away from humility~*~
  • #11,796
  • Jul 2, 2009 4:43pm Jul 2, 2009 4:43pm
Quoting jharteam
[23:03] <falcon7> A major new National Futures Association (NFA) rule goes into effect on August 1, 2009. This rule affects all U.S. Regulated Forex Dealer Members. Forex traders will no longer have the ability to place stop-loss or limit orders. Nor will traders be able to modify or close trades from the “Open Positions” window. As these features will be removed, all stop-loss and limit orders held on FXCM LLC accounts at the close of trading O>>
[23:04] <falcon7> If this applies to all retail clients too, damn that's not good
[23:04]...
Hi All,
Well this concerned me enough to contact my broker IBFX. The above rule about SL and LO only applies to FXCM and that is there decision not he NFA's. IBFX tells me that nothing has changed on there platform the First In First Out rule that goes into effect says if you open 1 STD Lot on April 3rd and 1 STD Lot on April 5th you have to close the trade opened on April 3rd first. WELL like everything in our world there is a work-around. The trade ONLY has to be modified. So if you want to continue with the 1st trade and close the second trade all you have to do is close .0001 lots of the first one and continue to trade the rest of the .9999 trade, and then close the second trade as planned. Pain in the A$$ .... Yes ... workable... most certainly. Thank you Mr. Obama for this.

If your totally confused call IBFX and they will explain it better.

MG
  • #11,797
  • Jul 2, 2009 8:14pm Jul 2, 2009 8:14pm
This is not about FIFO or SL, This is about the mental environment they are operating in, what stops them from coming with another rule.... that traders could only trade certain lots per day.

Nothing would stop their behavior now, It is better to move our business to a place and brokers where traders freedom is respected.

Let them know, we wont even comply one inch. There should never be any compromise with any rules which steps on traders behavior.
  • #11,798
  • Jul 2, 2009 8:44pm Jul 2, 2009 8:44pm
On page three of the manual is says

"This indicator will plot divergence lines on the Fast Trix indicator and will give buy and sell signal by displaying green and red arrows. It also has a built-in alert function. As the original indicator, bullish divergence is plotted in blue lines while bearish divergence is plotted in red. If the divergence is classic the line will be solid and if the type is reversed the line will be drawn in dots."

And then it shows four panels with different divergences.

I don't see green and red arrows. I see red lines and blue arrows.

I see blue arrows but not blue lines and they are in all panels not just the ones that show bullish divergence. I see red lines but they are in all panels including the ones that show bearish divergence.

From the instructions above I was expecting blue lines reversed for bullish divergence and red lines reserved for bearish divergence. Red arrow for sell signal and green arrow for buy signals.

Are the two lines in each of the panels the trix? Because they don't cross in the examples. And I don't see any, "lines drawn in dots." Does that mean there is no divergence reversed?


As you can see from reading the above I'm lost and confused.

1. Where are the red and green arrows?
2. Where are the blue lines and red dotted lines that show bullish and bearish divergence respectively?
3. What is the difference between classic and reversed divergence? Where is one in the example? Reversed divergence is to be shown with a a dotted line? I don't see one.

Are the four panels just showing different types of divergence using price (the upper line and trix the lower line)? Then this would be different from the trix you use that has a fast and slow line, right?

Would I then use the cross of the fast and slow trix lines compared to price to get divergence?

How can I see divergence using price (one line) compared to a two line trix?

Am I'm missing something???


Please help.

Thank you very much,

trade987
  • #11,799
  • Jul 2, 2009 8:53pm Jul 2, 2009 8:53pm
Yes, you miss how to manage indicators, also you miss to read the thread, I can't find anything in your post which wasn't explained already.

Btw: I'd like to see a screenshot if you really want help, and where the h*ll you got the blue arrows from?

Quoting trade987
Am I'm missing something???


Please help.

Thank you very much,

trade987
  • #11,800
  • Jul 2, 2009 9:07pm Jul 2, 2009 9:07pm
Quoting trade987


As you can see from reading the above I'm lost and confused.

1. Where are the red and green arrows?
2. Where are the blue lines and red dotted lines that show bullish and bearish divergence respectively?
3. What is the difference between classic and reversed divergence? Where is one in the example? Reversed divergence is to be shown with a a dotted line? I don't see one.
Hope the attached picture explains, the red and greens dots and arrows and when to take safest trade. I have taken 1H time frame for easy pic representation and also i trade that time frame. but its up to you which suits you best.

remember trading live and reading is really like sun and the moon, even if you had holy grail trading live will be very difficult.

personally THV is the best one out there, just switch on the alert, it will guide you properly.
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