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THV system, final edition

  • #12,601
  • Aug 7, 2009 5:45am Aug 7, 2009 5:45am
Yes,i mean on Cobra with rainbow...
Where can i find that template ?
And if you have a time,explain where you took a trade and Time frame wich you use ?


Thanks in advance
"Buy on fear, sell on greed !!!
  • #12,602
  • Aug 7, 2009 5:59am Aug 7, 2009 5:59am
Quoting MissPips
Click the help button in the platform and you will find links to API documentation and also to a forum for users. The moderator, Chris, is very helpful. Please note that I already posted the THV indies for the VT platform a few posts back.
Thanks alot. I will check it out after my Bar exams. Getting distracted. Can't just stay away from my laptop and this thread. Have to study!
  • #12,603
  • Aug 7, 2009 6:27am Aug 7, 2009 6:27am
You can find the templates by clicking on the attachments button (the paper clip in the upper right hand corner) or by searching my posts. I posted them about 2 or 3 days ago.

I trade only the one m EurUsd. If you search my posts over the last two weeks you will see a lot of screenshots of where I took trades (red vertical lines are short trades, green vertical lines are long trades in the screenshots.)

Quoting Petar_Serbia
Yes,i mean on Cobra with rainbow...
Where can i find that template ?
And if you have a time,explain where you took a trade and Time frame wich you use ?


Thanks in advance
  • #12,604
  • Aug 7, 2009 6:58am Aug 7, 2009 6:58am
@MissPips:

You wrote than one condition which has to be fulfilled is that PA is respecting the spine. On the attached picture the PA breaks the spine of the rainbow. In what way it's a valid entry?
Attached Image (click to enlarge)
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  • #12,605
  • Edited 9:37am Aug 7, 2009 9:22am | Edited 9:37am
Hi McFly,

Well, here a few reasons why I took that trade.

1) The actual trend was established from my point of view at the first count of 1, 2, 3 lower lows, though I didn't take a trade there because I didn't like the two higher highs I saw in the retracements. After the market has made a big push down, it can retrace a lot but I will still consider it a trend as long as the rainbow is still intact. I think I've mentioned that in a previous post (11969) that we can have a long retrace after a trend is established and still take trades, and that's also why I wrote on that screen that if you want to be cautious you could wait for another 1,2,3 sequence there but you don't have to. I could have taken the first trade there even without waiting for another 1, 2, 3 sequence, but the fact that it did go outside the spine on the black rainbow is why I decided to wait for one.

2) I use both the rainbow templates that I posted to evaluate trades. The black one is faster, the white one is more conservative about the trend (shows it turning more slowly.) On the white one PA did respect the spine.

3) You do have to use some judgement. The first excursion outside the spine that you circled is not counted in the 1,2,3 count, because it is before the first low that I count. I could see that the second one, which I did count was lower than the first one, and that they were both bouncing off the gold line, which is the 5 m coral. So I thought that was a good sign. We are talking about interest rate statement day here, so we could expect a little more volatility than normal.

4) Even I am not perfect. If I have waited all day for a trade and I see one that meets my definitions 95%, I will take it, even if for example one of the peaks or one of the retraces is a little less moderate than I would normally like. I will take overall market conditions into account. (For example, if PA has been coiled up for 3 hours in a very small range trying to crack the pivot and then cracks it with a bigger jump that I would normally like to see, I will take that into account and still count that as one of the bumps as long as there are 3 higher highs or lower lows.)

In this case you could clearly see that in the big picture the trend is down, so I felt pretty safe taking that trade. What had happend that day is that the market had bounced around the MAs all morning, but worked itself slightly below them prior to news. Then it had a sharp move down on the news about the pound, and then it bounced around some more. Then it had another sharp move down on Euro news, and then a retracement. At the point I took the trade it had started back down again and the rainbow was still intact. Once the market has bounced around a good long time (as it did all that morning), and then it decides on a direction but has not yet completed it's daily range in that direction , it is not likely to just up and turn around on you just because that's where you decided to enter, before it does another 10 pips - unless there is some major support in the way of the trade, which there was not at that point.

So that's why I took I took that trade.

Quoting MCFly
@MissPips:

You wrote than one condition which has to be fulfilled is that PA is respecting the spine. On the attached picture the PA breaks the spine of the rainbow. In what way it's a valid entry?


Attached Image(s) (click to enlarge)
Click to Enlarge Name: whitetemp.png Size: 73 KB
Click to Enlarge Name: no respect.png Size: 74 KB
  • #12,606
  • Aug 7, 2009 10:43am Aug 7, 2009 10:43am
Quoting MissPips
I didn't post any screen shots for what are (for me) no trade zones and trades in real time yesterday, because really the same three patterns (chop zone, long trend and short trend) repeat themselves every day and it gets boring posting the same thing over and over. (From a trading perspective though, boring is good. )

What I want to show today is the 'big picture' for market activity yesterday and a closeup of the trade opportunities in the 'good zone'.
Love those rainbows
- thought I would post something on 'big picture' longer trends - maybe absolutely useless, but here goes ....

I trade M15 these days and have a basket of 16 pairs from which to choose. So every morning I am looking for pairs which will trend for a long period. I use heat maps, ADX etc to try and make informed decisions about which pair(s) to trade.

Recently I have also been recording trend changes in my currency pairs. I use a non-lag MA on the M60 TF, and assume that any pair which changes direction on the M60 has also changed trend - not very scientific but it does the job.

Below you can see the results for 28/7 and 29/7.
28/7 was the day Cobra made 4x his pip quota and the white spaces show why.

29/7 is a more 'normal' day, but I have seen a lot worse!

Maybe someone can tell us why 28/7 was special and why so many of the pairs were trending and how to pick out those days in advance

Good trading to all
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: 29-7 trends.gif Size: 14 KB
  • #12,607
  • Aug 7, 2009 11:01am Aug 7, 2009 11:01am
Thanks MissPips & Tom81 for helping me solve the
problem of installing THV V3

Have a Good Trade!

David
  • #12,608
  • Aug 7, 2009 11:28am Aug 7, 2009 11:28am
Nice idea! How do you manage to stay familiar with all those pairs?

I can hazard a guess about what was special on 28.7 See sceenshot of DXY below.


Quoting macman
Love those rainbows
- thought I would post something on 'big picture' longer trends - maybe absolutely useless, but here goes ....

I trade M15 these days and have a basket of 16 pairs from which to choose. So every morning I am looking for pairs which will trend for a long period. I use heat maps, ADX etc to try and make informed decisions about which pair(s) to trade.

Recently I have also been recording trend changes in my currency pairs. I use a non-lag MA on the M60 TF, and assume that any pair which changes direction on the M60 has also...
Attached Image (click to enlarge)
Click to Enlarge Name: dxy.png Size: 52 KB
  • #12,609
  • Edited 1:29pm Aug 7, 2009 1:19pm | Edited 1:29pm
Quoting MissPips
Nice idea! How do you manage to stay familiar with all those pairs?

I can hazard a guess about what was special on 28.7 See sceenshot of DXY below.
Actually, keeping track of 16 pairs is not as hard as it seems - you may not trade a pair for a few days but when it comes around again, a quick look at the D1 TF and it all comes back. You do get used to looking for longer trends.

I greatly admire anyone who can sit on their hands for a whole day waiting for a trade to come along - but I am just too impatient, so I need the other 15 possibilities.

Attached is Wednesday's results. The screen shots were made around 08:45 London time and show the start of the (London) day. I am constantly trying to refine the pairs selection process, so any ideas most welcome - I am even considering rainbows ....

As stated by many before THV is excellent on longer TF's

Have a great weekend

p.s. Tuesday 4/8 was rubbish !
Attached Image (click to enlarge)
Click to Enlarge Name: Tue 4-8.gif Size: 14 KB
Attached File(s)
File Type: zip 5-8.zip   904 KB | 1,174 downloads
  • #12,610
  • Aug 7, 2009 1:33pm Aug 7, 2009 1:33pm
Quoting macman
Actually, keeping track of 16 pairs is not as hard as it seems - you may not trade a pair for a few days but when it comes around again, a quick look at the D1 TF and it all comes back. You do get used to looking for longer trends.

I greatly admire anyone who can sit on their hands for a whole day waiting for a trade to come along - but I am just too impatient, so I need the other 15 possibilities.

Attached is Wednesday's results. The screen shots were made around 08:45 London time and show the start of the (London) day. I am constantly trying...
How do you decide about the right TP and SL?
  • #12,611
  • Aug 8, 2009 12:22am Aug 8, 2009 12:22am
I found a picture that fits "The Art of Noise" for Mr. Cobra

Belongs in an art gallery somewhere
Attached Image
--- Gone --- RIP 11/27/09
  • #12,612
  • Aug 8, 2009 2:15am Aug 8, 2009 2:15am
Nah, thats sh$t, before trading that I prefere the flippy coin.

How you like the attached chart?

Just playing with it but do you get the trading logic?

Quoting IrishPips
I found a picture that fits "The Art of Noise" for Mr. Cobra

Belongs in an art gallery somewhere
Attached Image (click to enlarge)
Click to Enlarge Name: renko8.gif Size: 57 KB
  • #12,613
  • Aug 8, 2009 2:21am Aug 8, 2009 2:21am
Ok, here is a test. The two pictures below show Friday's price action.

Question 1: Which of the 2 pictures below shows the chop zone (where you should not be trading unless you are expert with trendines and divergence trades)?

Question 2: Which of the two pictures below shows the good zone, where you will find the high probability THV trend trades.

For a bonus point:

Question 3: You are a new trader who has been burned so often that you are convinced the market is out to get you, and that whenever you enter it, no matter how strong the trend, a magic signal is going to be given and it is going to turn against you. Which one is the safest entry in the good zone? (Hint: you are looking for a retest and bounce off support in the direction of the trend, in combination with one of the THV signals.)

Ok, folks, I'm done posting pictures of rainbows because I've been posting them all week and they all look essentially the same. If you pass this test, you should be able to trade THV profitably .
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: fripa2.png Size: 57 KB
  • #12,614
  • Aug 8, 2009 2:24am Aug 8, 2009 2:24am
Here another PF (pip frame), time is eliminated in Renko.
Attached Image (click to enlarge)
Click to Enlarge Name: renko9.gif Size: 64 KB
  • #12,615
  • Aug 8, 2009 2:31am Aug 8, 2009 2:31am
Haha, MissQuiz, good idea, let's see what comes out there.

Gonna have a nap, we had a party here and folks din't want to find an end.

Quoting MissPips
Ok, here is a test. .
  • #12,616
  • Aug 8, 2009 7:56am Aug 8, 2009 7:56am
Hi Cobra

won't be there a newer version for the modified Trix for trading GOLD and CRUDE?

the last one posted in the thread is v3 ...


and, Any advice about Gold?
  • #12,617
  • Aug 8, 2009 8:20am Aug 8, 2009 8:20am
Quoting MissPips
Ok, here is a test. The two pictures below show Friday's price action.

Question 1: Which of the 2 pictures below shows the chop zone (where you should not be trading unless you are expert with trendines and divergence trades)?

Question 2: Which of the two pictures below shows the good zone, where you will find the high probability THV trend trades.

For a bonus point:

Question 3: You are a new trader who has been burned so often that you are convinced the market is out to get you, and that whenever you enter it, no matter how strong the trend,...
Hi,

the first picture is the chop zone - do not trade. The second picture shows a good trend. The PA bounced from the coral MA and you got 3 new lows. You can take the entry after the bounce of the pivot point (red cycle). No hurdle that could prevent a 10 pip move. In this case it's difficult to draw a reversal line (after friday news right?).
The second trade (aqua cycle) shows a more risky trade. Earlier highs are broken and you don't get 3 lower lows. Don't know if you got 6 lights in this case. Looks like a loser.
Attached Image (click to enlarge)
Click to Enlarge Name: 1 m.gif Size: 70 KB
  • #12,618
  • Aug 8, 2009 10:31am Aug 8, 2009 10:31am
Quoting MissPips
Ok, here is a test. The two pictures below show Friday's price action .....
And the prize is ..... ?
  • #12,619
  • Aug 8, 2009 11:55am Aug 8, 2009 11:55am
Congratulations! You pass! (I hope you also took that trade).

Quoting MCFly
Hi,

the first picture is the chop zone - do not trade. The second picture shows a good trend. The PA bounced from the coral MA and you got 3 new lows. You can take the entry after the bounce of the pivot point (red cycle). No hurdle that could prevent a 10 pip move. In this case it's difficult to draw a reversal line (after friday news right?).
The second trade (aqua cycle) shows a more risky trade. Earlier highs are broken and you don't get 3 lower lows. Don't know if you got 6 lights in this case. Looks like a loser.
  • #12,620
  • Aug 8, 2009 11:56am Aug 8, 2009 11:56am
green pips .....

Quoting macman
And the prize is ..... ?
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