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Attachments: THV system, final edition
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THV system, final edition

  • #12,281
  • Jul 24, 2009 8:36pm Jul 24, 2009 8:36pm
Yes Your Right On Irish Pips.
I Always Wait For Retracement After Breakouts,
& Always Wait For Trend Confirmation.
As We Know Trading Against More Than Not Can
End In Pain.
  • #12,282
  • Jul 24, 2009 11:07pm Jul 24, 2009 11:07pm
cashmeer: Thanks for your help there re the risk:reward ratios etc.

bobkat: Wel done, I'm impressed with those figures, seeing as you've only just jumped aboard. I'm also in Australia by the way (Melbourne). I'm interested though in your method. I noted you brief comment on this, but I wonder if you could please elaborate? I have found that I've got too deep into THV and lacked positive direction on how I should be trading it - ie. I added in the MTF etc etc and then couldn't get a handle on how to trade that indicator and therefore had too many indicators to get my head around. So, I've decided to pull everything back out again and am back to the barebones initial THV V3 template. I'm wondering on what THV tools you use, or are you also just on the basic template (with pivots of course)?

General: RE always waiting for the pullback after a breakout ... don't you find that often you miss the break and miss the trade by doing this, as many breaks do not re-test the S/R line just broken?

A word of warning to Oanda cutomers by the way just in relation to their pivot points indicator ... even though you can set your chart timezone to LONDON, their daily pivots calculate themselves to NEW YORK midnight instead (so you'll see the pivots don't start til 0500 on a LONDON time based chart). If you trade the New York market than you'd normally use New York based pivots, but if you trade the London market, you should really be using the London based pivots. I therefore think I'll not use the Oanda pivots and just stick to the MT4 pivots that Cobra has supplied along with the THV system (thanks ).
  • #12,283
  • Jul 25, 2009 1:09am Jul 25, 2009 1:09am
Pls how do I get the Manual downloaded??
It just wont download here.
Thanks.
I wont mind if you can forward to me the Word copy via my mail:
[email protected].

Angel Moroni.
  • #12,284
  • Jul 25, 2009 1:28am Jul 25, 2009 1:28am
Hello Guys ...

I would like to know where I find this indicator?

Thanks

Attached Image (click to enlarge)
Click to Enlarge Name: indicator.gif Size: 166 KB
I am Brazilian and I never give up!
  • #12,285
  • Jul 25, 2009 1:32am Jul 25, 2009 1:32am
http://www.forexfactory.com/attachme...02009%205:03am


Have a great weekend all.
Quoting windelevel
Hello Guys ...

I would like to know where I find this indicator?

Thanks

Attachment
  • #12,286
  • Jul 25, 2009 4:57am Jul 25, 2009 4:57am
Quoting Scrutch
Here's at least one more...a bit pressed for posting time.
Scalping M1 and with management and this is turning into a nice push.
Breakout of M15 congestion area (also on H1 and H4), a bit of news and it's moving nicely.
Trade was taken off the M15 with permission from the THV M1.
Thanks for that Scrutch,
what are those diagonal trend lines on the M15 template in your screenshot? Did you draw them all, or is that an indicator?
Thanks
Trading Makes Money!
  • #12,287
  • Jul 25, 2009 9:05am Jul 25, 2009 9:05am
Quoting Cencored
Thanks for that Scrutch,
what are those diagonal trend lines on the M15 template in your screenshot? Did you draw them all, or is that an indicator?
Thanks
Upslope lines are ICCE from Bemac...Indicator Lines
(Indicator comes from the Bemac code site by Miss Pips)

Downslope lines are Andrews Lines...MT4 Drawing Tool
(Drawing tool is MT4 Andrews Pitchfork)
Listen to the whispers.... You may learn something
  • #12,288
  • Jul 25, 2009 2:42pm Jul 25, 2009 2:42pm
Hello everybody,

@ MCFly
I wonder what kind of indicator that is at your post #12277.
Showing the trend strength and % up/down on the right side of the chart.
Is that included with the system somewhere?
Thanks.
Enter Signature
  • #12,289
  • Jul 25, 2009 3:30pm Jul 25, 2009 3:30pm
Quoting MCFly
Against the 5 min trix? You are really brave.
Not really as the trend line was drawn and there was a significant pullback from the resistance line [1st bounce] then did a little dance for a failed attempt to go to the resistance again, and he entered on the 3rd go-- this is an ascending triangle pattern [bullish] , and while not strictly THV , it's more of an advanced entry method of knowing patterns and trendlines.

There was also a good pip difference between the resistance line and point of entry.

For the 5M trix to change, it starts on the 1M level
--- Gone --- RIP 11/27/09
  • #12,290
  • Jul 26, 2009 8:12am Jul 26, 2009 8:12am
Quoting IrishPips
Not really as the trend line was drawn and there was a significant pullback from the resistance line [1st bounce] then did a little dance for a failed attempt to go to the resistance again, and he entered on the 3rd go-- this is an ascending triangle pattern [bullish] , and while not strictly THV , it's more of an advanced entry method of knowing patterns and trendlines.

There was also a good pip difference between the resistance line and point of entry.

For the 5M trix to change, it starts on the 1M level
Hi,

I prefer to trade a break out of the triangle. The fact that the trade was inside the triangle (was not a typical ascending triangle) and didn't followed the thv rules would be a reason for me to stay out. But I'm definitely not that much expirienced like you and therefor he will be better off listening to your recommendation.
  • #12,291
  • Jul 26, 2009 10:07am Jul 26, 2009 10:07am
Quoting MCFly
Hi,

I prefer to trade a break out of the triangle. The fact that the trade was inside the triangle (was not a typical ascending triangle) and didn't followed the thv rules would be a reason for me to stay out. But I'm definitely not that much expirienced like you and therefor he will be better off listening to your recommendation.
McFly, you can trade the bounces of a triangle formation just as well as the breakouts. Also keep an eye on the fib support grid that I have drawn. First pullback went to the 50%fib, the one after - the failed attempt to make a higher high - created a higher low exactly at the 38% fib. So the uptrend is very evident and after it had broken the coral again, I would have entered the trade.
As I already stated, it is important to get out quickly, as the upper t/l came fairly close. So it's 10 pips and out.
Trading Makes Money!
  • #12,292
  • Jul 26, 2009 3:02pm Jul 26, 2009 3:02pm
Quoting MCFly
Hi,

I prefer to trade a break out of the triangle. The fact that the trade was inside the triangle (was not a typical ascending triangle) and didn't followed the thv rules would be a reason for me to stay out. But I'm definitely not that much expirienced like you and therefor he will be better off listening to your recommendation.

It wasn't a "recommendation"--it was just an analysis. The trend was up..forming ascending triangles--the next thing to think is--is it worth it the pip difference between the bounce of the trendline and the S/R-- If it were less than 13 pips [10+ my spread] I wouldn't have even bothered with that trade, having waited for, as you say, the breakout, and then a pull back.


I would have TP right at the S/R, as I believe Cencored did.

But you are also right--- if you think it is risky--stay out. Don't ever think "would've, should've, could've] -you'll make yourself miserable. If you have a trading plan that works for you STICK WITH IT.

And, I don't know all that much..LOL. I've just done my time and did a lot of reading and applying that knowledge to what I see and have experienced myself.

Hopefully this week will be hoppin' for trades [although I have to go on a business trip and can't trade much...]
--- Gone --- RIP 11/27/09
  • #12,293
  • Jul 26, 2009 5:59pm Jul 26, 2009 5:59pm
Hi Irishpips,

When I use your 5min template, It brings my metatrader to a halt. Have you any idea how I can overcome this.

Thanks
  • #12,294
  • Jul 26, 2009 7:45pm Jul 26, 2009 7:45pm
Hi Johnny Forex,

Thanks For The Kind Words.
I'm An Aussie From near Wollongong.
My Broker Is Go Markets In Your Native Melbourne.
A Lot Of My Tech Analysis Was Learned By Doing,
Nik Haliks FFI Courses - Also From Melbourne,
One Of Australia Best Tech Analysists.
This Is My First Attempt At Attaching A Chart View,
I Hope It Works.
This Is A Trade I Just Did Today Monday Morning,
If It Works You Should See The Support Dots,
When This Was Broken, I Waited For Small Retacement,
ie - Trixo Bar 1 & 5 min Bars Turning Green.
Once The Trend Starts Continuing & Indicators Start Turning Red
Again, Then I Enter The Trade.
I Hope This Helps.
7
  • #12,295
  • Jul 26, 2009 7:50pm Jul 26, 2009 7:50pm
1
  • #12,296
  • Jul 26, 2009 8:18pm Jul 26, 2009 8:18pm
Quoting ukcool
Hi Irishpips,

When I use your 5min template, It brings my metatrader to a halt. Have you any idea how I can overcome this.

Thanks

no idea--perhaps you don't have all the correct indicators?
--- Gone --- RIP 11/27/09
  • #12,297
  • Jul 26, 2009 9:12pm Jul 26, 2009 9:12pm
Nice oportunity to start the week with some Yen Pips.

Divergence on 5M, touch of historical Support wich was also 38.2 Fib.

No need to wait for trix or cloud confirmation in 5M, 1M did the job.

Than bounce back from MR1 and 5M TL to DP.

Was like ping pong, lol.

(I zoomed out that you see the historical S&R points)


Have a great trading week all.
Attached Image (click to enlarge)
Click to Enlarge Name: ey5m260709.gif Size: 46 KB
  • #12,298
  • Jul 27, 2009 1:17am Jul 27, 2009 1:17am
Quoting ukcool
Hi Irishpips,

When I use your 5min template, It brings my metatrader to a halt. Have you any idea how I can overcome this.

Thanks
That happens when you have not installed all the indicators properly first.
Make sure they are all in the experts>indicator folder
Trading Makes Money!
  • #12,299
  • Jul 27, 2009 1:19am Jul 27, 2009 1:19am
http://www.forexfactory.com/attachme...1&d=1248672919

Hi Everyone,
I'm A Beginner At Attachments,
If Anyone Could Give Some Pointers,
Much Appreciated.
You Can See I Entered The Trade Short,
On Breach Of 1.41945,
I HAd A 20 pip T/P,
20 Pip S/L & A 80 Pip Trailing Which i Always
Use In Case Of Retracements.
I Ended Up Hitting The Trailing Stop 8 Pips,
ITM - In the Money.
+ Pips Are + Pips,
& Definately Better Than Minus Pips.
  • #12,300
  • Jul 27, 2009 2:47am Jul 27, 2009 2:47am
Thanks guys, I have figured it out
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