THV system, final edition

Quoting IrishPips

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Slope/angle is another factor, as well as the separation of the Trix lines [lots of separation is good, I like to see high/low signal line coming towards the thick hull line] flats line are not good for trading--don't even try it....

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Quoting Cencored

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Thank you for your really helpful posts IP.

So to sum it up, you are only taking a trade if trix have crossed, are in the same color AND at least the fast trix has crossed the 0 line, preferably the slow trix as well. Is that correct? Does this apply to both the m1 trix as well as the mtf trix (5m) on the 1m tf?

Also could you please elaborate how slope/angle is important? I assume a steep slope is better as the move is faster?

Thanks a lot.

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Quoting IrishPips

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Yes that is correct---those would be correct entries for the indicators for a valid trade.

Angle and separation is a wonderful thing for the Trix--it shows the pair you are trading has momentum. The more separation, the better your divergence trades are going to be [trading not on indicator signals, but bounces off of known support/resist and strong fibs]

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Quoting Cencored

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Thank you IP, I appreciate the quick reply.
I have noticed that you changed your 5m template a little, you added a 15m trix mtf, is that right?

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Quoting cashmeer

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5 min Short

Considerations:


1.) Major Bearish Divergence
2.) Break of R1 and Previous highs
3.) Break of Trix T/L

Nice shape of the trix...

Almost straight to the Coral

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Quoting MCFly

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Took the same trade

But in the end I wasn't patience enough to bank 10 pips

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Quoting IrishPips

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I find the 15 M trix optional for 5M charts--- if you'd like it, use the 1M chart template and change the settings on the MTF in options from 5 to 15 for the time frame, and for my at3 setting I use 13 and for my bt3 setting I use a value of 21 [only for 15M --not for 5M as this is too tight]

These are only chart examples and *my* actual trading charts are a variation of THV, and out of courtesy to the thread, I'd like to keep my charts I post as clean and as close to THV as possible so

1) not to confuse people [perhaps I already did that...lol]...

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Quoting cashmeer

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Did you bank any??!!!

And also, I was going to write in my post that we should expect a retest of RS1 but I thought that would be inappropriate, I'm afraid someone would take that as a signal or advice...

It did retest RS1 or the level of S&R as with most moves and then continued in its direction....

I was messing around with the ICCE system and that bear move was right on target...

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Quoting IrishPips

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I find the 15 M trix optional for 5M charts--- if you'd like it, use the 1M chart template and change the settings on the MTF in options from 5 to 15 for the time frame, and for my at3 setting I use 13 and for my bt3 setting I use a value of 21 [only for 15M --not for 5M as this is too tight]

These are only chart examples and *my* actual trading charts are a variation of THV, and out of courtesy to the thread, I'd like to keep my charts I post as clean and as close to THV as possible so

1) not to confuse people [perhaps I already did that...lol]...

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Quoting cashmeer

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where'd everybody go?

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Quoting IrishPips

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These are only chart examples and *my* actual trading charts are a variation of THV, and out of courtesy to the thread, I'd like to keep my charts I post as clean and as close to THV as possible so

1) not to confuse people [perhaps I already did that...lol]

2) not have a lot of indicator "beggars" in the thread asking for something they see on a chart



I hope my view on this doesn't offend anyone

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Quoting cobraforex

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Having food and fun?

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Quoting Cencored

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Lol, how was the movie?

I wanted to share something with you that I found really helpful, which I am sure, many of you have discovered already, but it cant hurt to say it again:

instead of changing the tf from 1m to 5m, I find it very helpful to just zoom out one or two levels. Very quickly this reveals t/l's on PA and trix, very handy if you are into drawing heaps of trendlines

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Quoting Cencored

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I just wanted to underline the previous post with a trade sample that I just took live and it was worth 13 pips (I had a 3 pip spread)

- Zoomed out you can see the break and retest of the downtrend from the beginning of the day.
- Bounce of trix t/l
- Bounce of previous res (now support)
- Bounce of 50% fib

Trix cross at 0 line, 4 green cloud lights, hull line of mtf trix green, green signal line of mtf trix would have been preferable, but since all other factors line up almost perfectly, I was happy with it.

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Quoting Cencored

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I just wanted to underline the previous post with a trade sample that I just took live and it was worth 13 pips (I had a 3 pip spread)

- Zoomed out you can see the break and retest of the downtrend from the beginning of the day.
- Bounce of trix t/l
- Bounce of previous res (now support)
- Bounce of 50% fib

Trix cross at 0 line, 4 green cloud lights, hull line of mtf trix green, green signal line of mtf trix would have been preferable, but since all other factors line up almost perfectly, I was happy with it.

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Quoting IrishPips

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While that may be true, being able to see higher TF's allows you to see candlesticks and the trendlines s/r on a bigger picture--- something I suggest you do because one of these days you'll think you have a signal when on the bigger picture you'll be trading against a hammer/hangman [ which on lower TF's you can't see]and you'll wonder what went wrong.

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