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THV system, final edition

  • #12,061
  • Jul 13, 2009 1:43pm Jul 13, 2009 1:43pm
Quoting TradeWell
I am sure he does not mind a little chatter on the weekend. One more thing - the Soca river is one of the most beautiful in the world! What a treasure you have! Please don't let us foreigners dirty it up when we visit.
We will keep it clean..... with visitor's help....

business:
Only one trade for 15 pips today

good trading for all

pipgame
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  • #12,062
  • Jul 13, 2009 2:06pm Jul 13, 2009 2:06pm
MissPips and the others THANKS A LOT!
  • #12,063
  • Jul 13, 2009 2:19pm Jul 13, 2009 2:19pm
Quoting cashmeer
Scrutch...man it's good to see you...you're always workin' on some time sensitive stuff....when's it gonna be done?!
Well it goes like this...I get three and finish two up ahead of time and still have time to get the third one done. Then I get three more and of couse they all have a deadline to meet and everyone wants theirs first.

Anyway THV trading is great...still stand in awe of Cobra and the crew that put this methodology all together. Sweet.!

Just closed 75% of an EJ long that was entered *all* by the rules...25% trailing. Nice to see you pulliing in pips also.
Listen to the whispers.... You may learn something
  • #12,064
  • Jul 13, 2009 2:58pm Jul 13, 2009 2:58pm
last trade of the day...finally broke the 38.2% and hit 1.40000

It is hard to see becuase if I zoom in I cannot show the whole line, but the 5 min trix T/L proved to be extremely useful for me...the last major move upwards was a break up through the trendline..

Considerations:

1.) Break of 5 min T/L and break of 38.2%
2.) Break of 5 min TRIX T/L
3.) Retest of 38.2 (stress!!!) and continuation was confirmation of trade...


See y'all later
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Deprive a man of everything and you give him nothing to lose.
  • #12,065
  • Jul 13, 2009 3:23pm Jul 13, 2009 3:23pm
Quoting enewbold
Now, THAT'S a nice looking template, Macman. Care to share which indicators you're using on it. Cheers.
Hi,
The template is actually one of my analysis charts, but it does have some major problems ... it only works on older versions of MT4, up to version 4.00 build 220 and it also has a couple of hacked about indicators & some issues with scaling ...

If you are still interested, send me a PM and I will package and PM back to you, this way the THV thread stays clean - no guarantees it will work tho.
  • #12,066
  • Edited 4:05pm Jul 13, 2009 3:54pm | Edited 4:05pm
Higher TF chart analysis is wonderful for "the big picture"- however, once you think you've got your trend determined--it eludes you and goes the other way.

I always hear- trade with the hour trend-- what makes up and hour--well, 60 1M candles, 20 5M candles, and 5 15M candles and 2 30M candles.

Not as easy as it sounds...like today's effort to get to 61 fib was a struggle for for the EU and EJ [which is another note--- how easily does it take to get from point A to point B--is it like flowing water, or is it an effort with price spikes and immediate reversals off of S/R and daily/weekly fibs?
This is a key clue to the future--- resistance going 1 way and flowing like water the other gives a clue what's going to hapen in the future.

My analysis chart is actually a 15M chart-I can mentally put the 4 candles together to see the hour candle. I look for candle body [how fat or thin it is shows me interest in the move, see clear rejection of those invisible boundaries..[fibs! support resistance!]


Things to ask yourself-how fast did the previous move happen? How long did it take for it to retrace? [most times 61.8 being the magic number] It did a lot of fib hovering today before taking the next move up.

On my chart there is a lot of struggle to climb, and when it did it went in spurts. You'll also notice a lot of bearish divergences on the chart. I'm not good with the "Animals" but I think there's also a Gartley Bearish "bat" on there if I'm not mistaken. Higher lows..but not really higher highs.


Remember-- just because we see patterns doesn't mean a certain future--- DOW and S&P futures, and Oil drive our beloved scalping pairs so we always have to take great caution.


The more you know....

Looking for things to be Heading South....
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--- Gone --- RIP 11/27/09
  • #12,067
  • Jul 13, 2009 6:38pm Jul 13, 2009 6:38pm
Hi

How to remove the Sunday night candle from Meta Trader???
We are here to help each other... We Learn Forex Together!
  • #12,068
  • Jul 13, 2009 8:11pm Jul 13, 2009 8:11pm
Quoting MissPips
I also find I like the MTF trix indie very much because it shows you the shape of the trix.
This is an awesome tool. Thanks PeterD.
  • #12,069
  • Jul 13, 2009 10:32pm Jul 13, 2009 10:32pm
Just ignore that candle if you don't like it but I see no need to delete it but sometimes is good idea not to trade it.

Quoting masoud123
Hi

How to remove the Sunday night candle from Meta Trader???


  • #12,070
  • Jul 13, 2009 10:44pm Jul 13, 2009 10:44pm
Quoting cobraforex
great post Cash, and yes, I miss nuan also, he is a great, dry trader.
I believe he's just floating around in FF. He'll be back, most likely
  • #12,071
  • Jul 13, 2009 10:45pm Jul 13, 2009 10:45pm
Quoting masoud123
Hi
How to remove the Sunday night candle from Meta Trader???
Like Sir cobraforex said, u can ignore it. or u can look for a demo MT4 that does not have Sunday bars.
  • #12,072
  • Jul 14, 2009 2:04am Jul 14, 2009 2:04am
- divergence
- PA brake TL
- Trix brake TL
- M5 Trix change color

I got just 10 pips, now I see I could get more....


good trading for all


pipgame
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  • #12,073
  • Jul 14, 2009 5:00am Jul 14, 2009 5:00am
My first trade of the day with alot of patience

- Retracement to the 61,8 Fib then downtrend continued
- triangle break
- divergence on the 1 min
- nearly all indicators told me to go in
- risky because 5 min fast trix was green but I was convinced it will change soon
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  • #12,074
  • Edited 7:39am Jul 14, 2009 6:55am | Edited 7:39am
I think this is the first and last trade before the news comes out...

Considerations:

1.) 5 min break of PA Triangle T/L
2.) 5 Min break of TRIX T/L
3.) 1 Min Break of Trix T/L (no bearish divergence)
4.) 1 Min Clearance of previous high...

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60% out at 12 pips S/L to break even TP at 23.6%

By the way what are y'alls R1 @ and FPV?

My R1 is at 1.4010 and my FPV is at 1.3968 in ODL but ATC is way off...

ADD I think those fudgers just cleared out a lot of the stops of short tf traders...took out my break even partial lot...I wonder if this news is gonna send the E/U past this range we've been in for a while...gonna find something else to do for a while...maybe mess around in the simulator room...enjoy the news....see y'all later


ADD That news was uselsss and I missed a perfectly good trade becuase of it....break of that same 5 min lower trend line and the 38.2% fib almost directly to the FPV @ 1.3961
Deprive a man of everything and you give him nothing to lose.
  • #12,075
  • Jul 14, 2009 7:15am Jul 14, 2009 7:15am
Quoting cashmeer

By the way what are y'alls R1 @ and FPV?

My R1 is at 1.4010 and my FPV is at 1.3968 in ODL but ATC is way off...
Hello cashmeer

Nice trade, I like your style, keep posting.......

my
R1 @ 1.4000
FPV @ 1.3961

broker: Alpari UK

best regards

pipgame
  • #12,076
  • Edited 10:14am Jul 14, 2009 8:21am | Edited 10:14am
Quoting IrishPips
Here's a 5M template per request.

Ichi Cloud order

15, 5, 30, 60

15M trix not necessary here higher TF allow for a better picture of PA--his is where candles come into play.

5M trix settings aT3=20 bt3=30


I've also removed the color from the Trix coral--- on 5M the color doesn't make a difference-and will confuse you. It's the aqua line.

However, with higher TF's you need smaller numbers on the indicators to get more accurate results, so I've put in my own "coral" the purple one--which not only gives you a more accurate signal,...
hi Irish Pips,

thank you so much for your support.
I took a closer look at your template esp. the 1m template. It looks like in the template you posted for the 1m the trix mtf is the 15m one, is that correct? I assume you mean the 5m tf...what is the 15m mtf trix used for then?

Also how do you work with the trix of the current tf? do you wait for a cross plus a cross of the zero line?

Also would you mind posting a few charts marking out some of the trades that you have identified (e.g with a vertical line so that we can see them)?

I think that would be much appreciated by many of us.
Thanks again, lots of pips to you!
Trading Makes Money!
  • #12,077
  • Jul 14, 2009 8:21am Jul 14, 2009 8:21am
Hi MissPips,

I am familiar with the rainbow charts. Is your analysis chart a 1 minute or 5 minute, or higher?

Thanks
Dan
Quoting MissPips
What I do is look at my analysis chart. When it looks like the first one I stay out until it looks like the second one.
Without vision, the people will perish.
  • #12,078
  • Edited 8:54am Jul 14, 2009 8:37am | Edited 8:54am
I know it's after-the-fact but this was such an obvious trade and risking 5-10 pips would have paid off....I just watched it go by like a then started to feel


Bounce off of the 50% Fib which levels were well established...

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Bounce off of the 50% fib and fast trix green or break of T/L if one entered late...

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Absolutely clear Divergence in the 1 min

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I hope some of y'all caught that!
Deprive a man of everything and you give him nothing to lose.
  • #12,079
  • Jul 14, 2009 9:04am Jul 14, 2009 9:04am
It's one minute. That's sufficient for me to see yuckiness that I don't want to trade in, like today... I do look at the higher timeframes from time to time, but I decide if PA is trendy or choppy based on the 1 m



Quoting bythepound
Hi MissPips,

I am familiar with the rainbow charts. Is your analysis chart a 1 minute or 5 minute, or higher?

Thanks
Dan
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  • #12,080
  • Jul 14, 2009 9:41am Jul 14, 2009 9:41am
can somebody please code "thv 2 4 TF Trixhisto BarV3.1.5.3.ex4" indicator so it would be a total of 8TF instead of 4TF it currently have. It would be fantastic when all 8 TF lines up, and gives out an alert.

Thanks
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