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THV system, final edition

  • #12,101
  • Jul 14, 2009 7:07pm Jul 14, 2009 7:07pm
macman..........

I love the CAD/JPY ! When I was Fozzy trading exclusively, I did very well with this pair and have turned a few of my trader friends on to this pair too. And you are absolutely right about THV on larger time frames.

Your chart is a thing of beauty...............


Quoting macman
Seconded BB

I now have 12 pairs in the basket to choose from and also follow very much this trading pattern.

Attached is first trade today - this pair has been going north since yesterday - 2 days of (fairly) easy pips. THV is as good if not better on longer TF's than just on M1/M5.

Also I have found that I may go weeks without taking a EURUSD trade.

Good trading to all.
  • #12,102
  • Jul 14, 2009 7:31pm Jul 14, 2009 7:31pm
EU M5: PA was pumped to the Week mS1 = 1.3983 = mR1 level area and there the volume study shows high relative volume. So, the pump was to gain altitude for shorting, imho.
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  • #12,103
  • Jul 14, 2009 8:37pm Jul 14, 2009 8:37pm
I am a bit worried reading this. Always remember that the lower TF builds into the higher TF. If you are using the MTF Trix on lower TF like M1 or M5 and waiting for all 8 TF to line up, there is a high chance that you may be looking at the end of the current move. MissPips and the rest here have always emphasized that there are more to the MTF indis than just lights.

Quoting getting
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
  • #12,104
  • Jul 14, 2009 9:08pm Jul 14, 2009 9:08pm
Quoting caveman
...there is a high chance that you may be looking at the end of the current move...
That's right. The daily ATR(21) is now at the lowest since September of 2008 at around 130, and falling. Until we breakout, there may be slimmer pickin's. Be vigilant. :nerd:
  • #12,105
  • Edited Jul 15, 2009 12:31am Jul 14, 2009 10:27pm | Edited Jul 15, 2009 12:31am
Quoting Cencored
Thanks for your reply IP.
Regarding the trix cross, do you wait til they have crossed on the 1m tf, as well as the trix mtf to cross the 0 line plus three cloud lights?

If you get around to it, it would be great to see some of the trades you took, and it will probably answer those questions in a visible way.
Thanks a lot for all your help!

Looked at my 1M template I posted--don't know how the MTF got to 15--it's supposed to be 5M so now I understand your question.

If you have the template, change the numbers for the TF from 15 to 5 or just download the fixed template attached.

[1 Min template]


also a picture attached.


trades are marked in aqua lines. Notice criteria are met--most importantly Trix criteria:

both trix's are below 0 [hull and signal lines] and both signal lines have crossed the hull line. the Red horizontal lines are the confirmation of the trade as I'd like to see PA [especially on the 1M to close in the direction of the trade I want to go in [either above or below]


2nd trade yes the 5M signal line is green, however the hull line is still red. PA starts on the 1M level, so I already know the sentiment [SELL] and will follow signals for the 1M trix


5M trix below to 1M trix signal line below 0 but waited for pa to break below previous low.

I find this especially true on the 1 M--higher TF's you'll be losing pips for waiting for confirmation bars. also Higher TF's you can see the PA a lot better [which if you're trading 1M always use an analyse chart]


Just because the 1M trix signal changed, we want to maximise profits, so I waited until the Heiken Ashi changed. Sometimes this works in your favor, sometimes not, you will see the second trade entry didn't gather me any ground as for re-entry I got in where I hopped off from before , thus paying to play the game again by the spread fee.

now I see on the 1M trix 2 little green arrows--- they show up 1 candle after the signal for the arrow occurred. rather than wait for the HA to change hopped off when the Trix signal line changed color for 1M


It's all about lining the momentum of the waves in synch with each other to ride the momentum. Each TF has it's waves.

[2nd chart divergence arrows disappear as the information for that tme is starting to disappear--if you go back through time you'll notice the trix disappears]

3rd example-- rules for 1M trix valid and signal line for 5M crossing through 0 line Broke coral and slight retest- hour trend confirmation [coral color can be confusing--what you're looking for is a break and an attempt to go through [but not break]

Yes I left pips on the table--but I'd rather leave them than have them taken away. Would I have renetered on the 2nd valid signal? Not a chance. The trix lines on 1M are horizontal and there is no separation between the signal line and hull line--and a 20+pip move on a 1M tf with out a "breather" [pause, pull back, whatever name you want to call it- usually 10 pips on a strong trend] is always a warning IMO..what goes up fast will come down just as fast
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--- Gone --- RIP 11/27/09
  • #12,106
  • Jul 15, 2009 1:30am Jul 15, 2009 1:30am
Quoting IrishPips
Looked at my 1M template I posted--don't know how the MTF got to 15--it's supposed to be 5M so now I understand your question.

If you have the template, change the numbers for the TF from 15 to 5 or just download the fixed template attached.

[1 Min template]


also a picture attached.


trades are marked in aqua lines. Notice criteria are met--most importantly Trix criteria:

both trix's are below...
hello IrishPips


where can I find the thv3 mtftrix?


thanks in advance

elfural
  • #12,107
  • Edited 2:22am Jul 15, 2009 1:45am | Edited 2:22am
Quoting traderathome
EU M15: Last H4 closed candle was a nice Hammer down, suggesting upcoming upside PA....needs confirmation though. If this is to happen, suspect asian traders will first give it a dump to better their entry prices long. Weekly mS1 and this days mR1 are same.....strong resistance that could become strong support if PA is driven hard up thru it. Right now PA is sandwiched between 1.3965 and 1.3975, nice and flat, so we might get a good move out of the break (again, suggest first a pullback down, especially if PA is destined to go up per H4 chart).....just...
Lovely analysis. Good thing I was up to catch the move.

Also noted is the bullish flag/ pennant where the top trend line is flat and there are higher lows that diminish to the breakout.
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--- Gone --- RIP 11/27/09
  • #12,108
  • Jul 15, 2009 1:49am Jul 15, 2009 1:49am
Quoting elfural
hello IrishPips


where can I find the thv3 mtftrix?


thanks in advance

elfural

I posted all the indicators needed for the template [including the one you're asking for on this page here:]

http://www.forexfactory.com/showthre...27271&page=802



for MTF trix to work you'll also need to download and install the T3 Trix indicator that's posted as well
--- Gone --- RIP 11/27/09
  • #12,109
  • Jul 15, 2009 1:50am Jul 15, 2009 1:50am
Thank you CobraForex & THV Team

I'm a newbie in forex & this is my 1st post in FF. Had just set-up the THV template with the THV indicators on 1 min charts.

As i see the GBP/JPY at 5:43 (GMT) long signal for about 40 plus pips (20 mins)..i'm convinced scalping profitable is possible. other pairs like Eur/usd & Gbp/Usd also showed good signals.

I'm definitely going to read all the post here.

Kind regards
jazz4some
  • #12,110
  • Jul 15, 2009 2:03am Jul 15, 2009 2:03am
Quoting IrishPips
I posted all the indicators needed for the template [including the one you're asking for on this page here:]

http://www.forexfactory.com/showthre...27271&page=802



for MTF trix to work you'll also need to download and install the T3 Trix indicator that's posted as well
thanks IrishPips
  • #12,111
  • Jul 15, 2009 2:56am Jul 15, 2009 2:56am
Right, and that is why the rules only call for 6 points. That means you can trade when only the 1m, 5m and 15f are going for you if the Ichimoku agrees without waiting for all tfs to line up.

The higher timeframes are mainly there for two reasons:

1) So you can trade if the higher tfs are in a strong trend and there has been a fairly sizable retrace. Then you might get most of the points from the higher tfs, and reenter just as the 1m and 5m are turning in the direction of the trade, but the 15m has not caught up get.

2) To help you see where you are in the trend. Like, if all 10 lights have just turned green, is it really wise to take that short divergence trade? Or might the smarter thing be to wait for the divergence to finish and look for an opportunity to go long? But if you are more than 4 waves into an uptrend (more than 4 sets of red on the 1m) and you can see the 1m and 5 turning red, maybe you could consider it if there's an nice sturdy obstacle in the way.


Quoting caveman
I am a bit worried reading this. Always remember that the lower TF builds into the higher TF. If you are using the MTF Trix on lower TF like M1 or M5 and waiting for all 8 TF to line up, there is a high chance that you may be looking at the end of the current move. MissPips and the rest here have always emphasized that there are more to the MTF indis than just lights.
  • #12,112
  • Edited 3:51am Jul 15, 2009 3:23am | Edited 3:51am
Quoting MissPips
Right, and that is why the rules only call for 6 points. That means you can trade when only the 1m, 5m and 15f are going for you if the Ichimoku agrees without waiting for all tfs to line up.

The higher timeframes are mainly there for two reasons:

1) So you can trade if the higher tfs are in a strong trend and there has been a fairly sizable retrace. Then you might get most of the points from the higher tfs, and reenter just as the 1m and 5m are turning in the direction of the trade, but the 15m has not caught up get.

2) To help you see where...

Very well put. By waiting for everything to light up and the trend is near exhaustion.

As mentioned, trends go in waves. Where you want to ride the waves is the 1st,2nd, and -maybe the 3rd-wave. I hardly see trends with more than 5 waves.

Once you have 15M confimation, I would look at the analyse charts and wait for a setup after the pull back-- this is where a lot of traders get hit with S/L --hey-the trend is going this way--better hop on the train before it's too late!-then they get smacked with a pullback. Sometimes pullbacks in strong trends are just a pause in action, but most times you see a retracement of sorts [usually 61 sometimes 38 percent [AKA fibs!]of the initial effort after this you look for the trend to continue.

Every TF has these actions--waves and pullbacks.

If it isn't a false breakout, then once the momentum of the trend continues, the 60 M "lights" should come on--- the trick is to catch them right when they do and go from there--looking for 1-3 opportunities before the trend dies.
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--- Gone --- RIP 11/27/09
  • #12,113
  • Jul 15, 2009 4:59am Jul 15, 2009 4:59am
Quoting IrishPips
Looked at my 1M template I posted--don't know how the MTF got to 15--it's supposed to be 5M so now I understand your question.

If you have the template, change the numbers for the TF from 15 to 5 or just download the fixed template attached.

[1 Min template]


also a picture attached.


trades are marked in aqua lines. Notice criteria are met--most importantly Trix criteria:

both trix's are below...
Hello,

I really appreciate all the comments in here.

@IrishPips: Is it right that the long trade on your third chart was a no go because the 5 min slow trix was below zero?
  • #12,114
  • Jul 15, 2009 6:35am Jul 15, 2009 6:35am
Quoting MCFly
Hello,

I really appreciate all the comments in here.

@IrishPips: Is it right that the long trade on your third chart was a no go because the 5 min slow trix was below zero?
I think IP marks the entry and the exit with a vertical line each.
You may think it is a 2nd entry signal, but it actually is the line when he exited the trade. Not sure if that is what you mean..
Trading Makes Money!
  • #12,115
  • Jul 15, 2009 7:37am Jul 15, 2009 7:37am
Quoting Cencored
I think IP marks the entry and the exit with a vertical line each.
You may think it is a 2nd entry signal, but it actually is the line when he exited the trade. Not sure if that is what you mean..
Hi cencored,

I meant the long trade on the 3 attached chart.
Attached Image
  • #12,116
  • Jul 15, 2009 8:04am Jul 15, 2009 8:04am
Quoting MCFly
Hi cencored,

I meant the long trade on the 3 attached chart.
Oh, I see what you mean. I think it is ok, because it is pretty much right on the zero line.

Am scanning the market for 4 hours now, no signals, it is so flat today, it is hard to believe...anyone else sitting on their hands, waiting for something to happen?
Trading Makes Money!
  • #12,117
  • Jul 15, 2009 8:27am Jul 15, 2009 8:27am
Quoting Cencored
Oh, I see what you mean. I think it is ok, because it is pretty much right on the zero line.

Am scanning the market for 4 hours now, no signals, it is so flat today, it is hard to believe...anyone else sitting on their hands, waiting for something to happen?

Same here, no trades so far and I think I'm finished for today.
  • #12,118
  • Jul 15, 2009 8:50am Jul 15, 2009 8:50am
Quoting Cencored
Oh, I see what you mean. I think it is ok, because it is pretty much right on the zero line.

Am scanning the market for 4 hours now, no signals, it is so flat today, it is hard to believe...anyone else sitting on their hands, waiting for something to happen?
Yes it's not a good day. At the moment I see bearish divergences on 15m tf and bullish ones on 5 m tf. Hmmmmmmmmmmmm.....
  • #12,119
  • Jul 15, 2009 10:04am Jul 15, 2009 10:04am
I'm just coming back from a biz trip and what I see on the chart is poor volumen due to summer hollidays.

There have been many chances to ride the waves between the pivots but the best bet is to do the same what Big Boys are doing: Vacations.


Quoting MKK
Same here, no trades so far and I think I'm finished for today.
  • #12,120
  • Edited 12:20pm Jul 15, 2009 11:00am | Edited 12:20pm
Quoting Cencored
Oh, I see what you mean. I think it is ok, because it is pretty much right on the zero line.

Am scanning the market for 4 hours now, no signals, it is so flat today, it is hard to believe...anyone else sitting on their hands, waiting for something to happen?

The 3rd entry as stated, is the thin singal line is crossing the 0 line on the 5M trix. the 2nd line vertical line is the hop off. I would not have re entered on the 2nd valid signal because of the trix formation-flat with no separation between the signal line and the main hull line of the Trix]

Market flat today? After I went to sleep EURUSD hiked up another 100 points [albeit a bit choppy] due to news: Bad news anticipation for the USD FOMC report.

EUR/USD is a lovely pair to trade, but a suggestion to you is you're not limited to just this pair. Don't feel that you are bound and shackled to only trade EUR/USD with THV---- it's just that it has nice low spreads and when it moves it's not very volatile, and if you watch it long enough, it becomes very predictable in it's movements.

EUR/JPY is condsidered a "sister pair" and trades just as well [if not better], also GBP/USD [when this one moves-it moves in a big way!] --although for the latter I suggest caution because is movement fast when it does move, reversals are equally as fast and I've seen 100 pip 5M candles--they are not uncommon.

GBP/JPY [AKA The Beast] is a similar situation, and I don't really care to trade this pair as when it does move, it can seesaw terribly in it's intended direction.

USDJPY is a decent pair to trade-although your gains on it won't be as profitable as EURUSD--- so for moves don't expect 10+ pips per trade--although it's movements are very predictable and it tends to move a little slower and the movements are more "gentle".


Just some thoughts. In your free time, attach a THV chart to some pairs -- but always keep in my how much you'll have to pay to play the game [spread]--this takes a heavy toll on you--especially if you're scalping--- it's all the more ground you have to make up before you get to your goal.

That's the downside of shorter TF scalping--- and why it turns some traders off. Higher TF traders aren't worried about the spreads as they are looking for larger moves--although trade opportunites aren't as frequent. I don't consider 15M TF and up trading "scalping"- proper entries on these TF's and you're looking for a minimum of 30 pips per trade.

Different flavors for different traders.
--- Gone --- RIP 11/27/09
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