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THV system, final edition

  • #12,921
  • Edited 6:48pm Sep 2, 2009 6:26pm | Edited 6:48pm
Thanks Cobra & TradeWell.

Quoting TradeWell
Cashmeer posted so many good charts on this thread. Just search for his posts and you will find plenty of examples. Of course, others posted many examples as well but Cash is the winner of the postings.
Yes, you are right, I read them but i would love to learn more and more, and in my opinion each trade is a point that you know more about it.

Quoting cobraforex
Ok, let's have one.

Look at the blue lines, you see the relation of the price action and the Trix waves?

When you notice those watch a 1M chart and enter as soon as you get THV permission (forget the coral in those cases), the divergence on 5M is short lived but mostly gives you about 10 to 15 pips when it comes together with Fib Pivots.

Don't wait until the arrow shows up, you need to trigger them by yourself.
Very well, your learning method is extremely good, thank you Mr. Cobra for example and training the points.

Quoting cobraforex
BTW: I love your avator
Thanks, It is a drunken snake of my losses trade. lol
Attached Image
We are here to help each other... We Learn Forex Together!
  • #12,922
  • Sep 2, 2009 8:26pm Sep 2, 2009 8:26pm
Quoting masoud123
...I read them but i would love to learn more and more...
That's a good attitude. You should also practice using demo and the simulator.

Quoting masoud123
Thanks, It is a drunken snake of my losses trade. lol
That snake doesn't look drunk...I think it's something else...
  • #12,923
  • Sep 2, 2009 9:11pm Sep 2, 2009 9:11pm
Quoting MissPips
I posted a template to fix this but I had to delete the post because the result is strange lines in the main chart window. To fix the disappearing zero line you need to copy the V 6 trix to THV3 Trix for MTF histo. But when you do that, the divergence lines come out very strange
.

Cobra: can you make a version of V6 with all the defaults set to false (alarms and divergence lines ) so it can be copied to THV3 Trix for MTF Histo without causing strange divergence lines in the chart window?
Yes, actually I use and quite like the template you posted. Seemingly it includes trend lines for different time frames? Anyway, for me, when I see the extra lines, it adds a degree of confirmation for my analysis.

PH
  • #12,924
  • Sep 2, 2009 10:14pm Sep 2, 2009 10:14pm
Quoting sirogreness
I go for a ten pip profit and am very accurate using THV on 5 minute charts. I have attached my two trades today. Lately greed has made me question if I should be going for more with these setups. Finally understanding how to really enter correctly, I guess like everyone else exits are the issue. On one hand I should be thrilled banking around 20 a day from THV, on the other maybe I should be taking more advantage of strong entries. Any thoughts?
My thoughts are that in trading it is a BIG mistake to become over confident. The markets can be very humbling.
  • #12,925
  • Sep 3, 2009 12:19am Sep 3, 2009 12:19am
Quoting MCFly
Hello,

this problem is already known. I select properties and click okay to refresh the mtf indiacator. This is a typical issue shown by every mtf indicator.
Mmm, I tried that but it didn't change a thing. I still had to go up a couple of TF's and then back down again.
  • #12,926
  • Sep 3, 2009 1:01am Sep 3, 2009 1:01am
I have a question for those who are very familiar with THV (or HA) ... up til now I've been drawing TL's on the Analyze chart rather than on the THV HA chart.

However, I wonder in hindsight is it actually better to use TL's on the THV HA chart instead (even though these high's and low's are not quite representative of the PA?

Which one have you found to be more accurate ... TL's on the THV HA chart, or TL's on the regular Analyze candlestick chart?
  • #12,927
  • Edited 10:44am Sep 3, 2009 1:04am | Edited 10:44am
Thanks!. Here's a template that has the MTF histos using V6 of the trix. You will need to copy the attached indicators to your indicator folder as well.

Quoting cobraforex
Yes, give me a second or two, I'll post it again after editing.

Ok, ready, this should do the job:
edit: Replaced HaikenAishi with Ichimoku, per comment from Masoud
Attached File(s)
File Type: ex4 thv 2 4 TF Trixhisto BarV3.1.5.3.ex4   22 KB | 1,182 downloads
File Type: ex4 THV3 Trix V6[1][1].1 all false.ex4   31 KB | 1,129 downloads
File Type: ex4 THV3 Trix for MTFHisto.ex4   31 KB | 1,016 downloads
File Type: ex4 thv Ichimoku Cloud histo BarV3.1.3.ex4   9 KB | 1,064 downloads
File Type: ex4 THV3 Coral_THICK.ex4   16 KB | 990 downloads
File Type: tpl thvv6trix.tpl   28 KB | 1,160 downloads
File Type: ex4 Ichimoku.ex4   6 KB | 831 downloads
  • #12,928
  • Sep 3, 2009 1:30am Sep 3, 2009 1:30am
Ok, Ok. No idea what those extra lines are - I've never seen
the trix do that before. Anyway, I posted a template without them above.

Quoting FFUser7
Yes, actually I use and quite like the template you posted. Seemingly it includes trend lines for different time frames? Anyway, for me, when I see the extra lines, it adds a degree of confirmation for my analysis.

PH
  • #12,929
  • Sep 3, 2009 2:16am Sep 3, 2009 2:16am
I'm going through a phsycological stage of hesitant trigger finger at the moment ... however I found an added mechanism though which may be of help to others:

Using the THV M1 as the main timeframe, my actual trades are executed on the Oanda platform with a 10sec chart. I have found that incorporating the age old 1,2,3 method on the 10sec works excellently when combined with the THV M1. By 1,2,3 I'm referring to (using an uptrend move as an example), point 1 is the 2nd most previous low swing point, 2 is the most recent high swing point ... followed of course by some retracement to point 3 which is the most recent low swing point. As price now starts to move up again, the trade is entered the moment price passes point 2.

A slight variation to this offering an earlier entry would be of course to look for a mini trendline break (drawn from point 2 to another lower high swing point between point 2 and 3 should there be one) ... but naturally a little more risk attached. This way you're getting in somewhere between point 3 and the climb back towards point 2, without waiting for it to get all the way back to point 2.

Typically, your stop loss would be just below point 3 ... but to try and calculate trade size / money management on M1 at this speed is practically impossible, so I tend to just use the 3xATR(20) figure, or often half of this figure to try and achieve a win:loss of 1:1, rather than 1:2.

It's not rocket science and this method of trading has been around for ages (and I beleive quite successful) ... certainly looking good when combined with THV in this way to narrow down the entries .
Attached Image
  • #12,930
  • Sep 3, 2009 5:31am Sep 3, 2009 5:31am
Do you think the new trix 6.1 is superior to the old one because it's more sensitive?
  • #12,931
  • Sep 3, 2009 6:45am Sep 3, 2009 6:45am
Hi MissPips

please check the setting of "thv Ichimoku Cloud histo BarV3.1.3" , for me is perpetual Green. i test in 2 Mt4 and many TF.

Thanks.

Quoting MissPips
Thanks!. Here's a template that has the MTF histos using V6 of the trix. You will need to copy the attached indicators to your indicator folder as well.
We are here to help each other... We Learn Forex Together!
  • #12,932
  • Sep 3, 2009 7:11am Sep 3, 2009 7:11am
Can someone pls tell me how can I disable the sound warnings (Analyze Sell/Buy, Analyze Exit etc)?
I am trying via the indicators list but although sounds seems not to be true, I hear warning sounds!


Thanks!
  • #12,933
  • Sep 3, 2009 7:23am Sep 3, 2009 7:23am
For those of you who trade or have traded EURUSD and GBPUSD, which has been the most successful for you? What are the differences and difficulties between the two? Why did you choose to trade the pair you do?
I would appreciate any feedback on this.
  • #12,934
  • Sep 3, 2009 10:22am Sep 3, 2009 10:22am
Quoting MissPips
Ok, Ok. No idea what those extra lines are - I've never seen
the trix do that before. Anyway, I posted a template without them above.
I renamed my multi-line template MPips.tpl in your honour :-)
  • #12,935
  • Edited 11:38am Sep 3, 2009 10:29am | Edited 11:38am
EURUSD - the good:

Universally has the lowest spreads of pairs on brokers. Most traded pair of all Forex pairs. Volatility on lower TF's low on non-event days

the OK--- this pair can have OK moves provided there's a decent day on the DJIA and/or oil and with news imminent [I mean pre news and after news--not in the hour before/after]


the bad-EURUSD [IMO] is overall very choppy--yet the choppiness is predictable pending you have in mind the "magic numbers" AKA psych numbers that it plays around [00 20 50 80] One could literally play between S/R and the numbers taking 10-20 pips [ each time] all day looking for setups in this fashion.


The ride to these numbers is often erratic and will drive you mad after while until you've had enough screentime to know the personality of the PA

GBPUSD -the good--when she moves--she really moves!

Better hang on for the ride and know key support resistance levels because at times once they're hit the whiplash will leave you in the hospital if you didn't exit in time.

trending moves not as choppy in PA as EURUSD-- retraces are very predicatble and easy to trade off of for divergence

the OK--spreads are higher but worth it as your pip take expectacy is more. Not recommended for "scalping" but for day trading/swing trading

the bad--don't ever ever trade this around news times. I can't stress that enough. I don't even think about touching this pair on a day it has news attached to it. Not an hour window or 2 hour window either- I skip the whole day and look for other pairs to trade. You'll thank me later

Shakeouts can happen when you think PA is exhausted [S/L hunting] only for your winning trade[now losing as your s/l has been hit] to resume in the direction it was supposed to go.

Once known support/ resistances are hit--it's not uncommon to see a 20-50 pip 5M candle on the touch.


This might seem a little biased, but this is just from someone who's been there and done that. EURUSD you don't have to do so much for technical studies on the higher TF's like you do for GBPUSD.

Good luck

PS-Cobra I'm always looking for a free snake bite from you
--- Gone --- RIP 11/27/09
  • #12,936
  • Sep 3, 2009 10:42am Sep 3, 2009 10:42am
Hi Masoud,

Oops, my mistake! I posted HaikenAishi instead of Ichimoku (that belongs to a different indie I did & I got confused). You need to have the attached Ichimoku in your indies folder for it to work.

Sorry, my bad!

Quoting masoud123
Hi MissPips

please check the setting of "thv Ichimoku Cloud histo BarV3.1.3" , for me is perpetual Green. i test in 2 Mt4 and many TF.

Thanks.
Attached File(s)
File Type: mq4 Ichimoku.mq4   5 KB | 682 downloads
File Type: ex4 Ichimoku.ex4   6 KB | 526 downloads
  • #12,937
  • Sep 3, 2009 10:53am Sep 3, 2009 10:53am
for a couple of days...need sometime to catch up on the thread...

Bullish divergence on the Eur/Yen in MACD and Trix. Got in at 131.00 with a tiny lot...

Hope everyone is doing well...
Deprive a man of everything and you give him nothing to lose.
  • #12,938
  • Edited 12:09pm Sep 3, 2009 11:31am | Edited 12:09pm
Quoting MCFly
Do you think the new trix 6.1 is superior to the old one because it's more sensitive?
The truth--- all indicators lag-- there's no doubt about it.

Is 6.1 "superior"? IMO, not really, as different pairs have their own personality and with the MA's that comprise the Trix indicator being tuned a number or 2 up doesn't make it the cure for better entries/ exits. it will definitely signal faster, but that doesn't mean your early entry won't suffer an immediate reversal, or for your exit to be premature

So the new one might look visually better on a more volatile pair, but be terrible on a slower pair

Entries are always best to use your eyes to see PA leave from one point to another-- watch leave an area--keeping in mind how the PA was doing before you decided to start watching it, wait for it to reach an area where it could possible reverse [I say could because known S/R doesn't necessarily mean PA won't plow through it] , if it reverses, look at where it reversed--is it major S/R or a fib level -- divergence trades within a strong trend aren't easy , so if PA was strong it's best to wait for the filed attempt for the PA to comeback to the point feom which you visually marked on your chart when you started watching it. After the failed attempt, you can then hop back on the prevailing trend.



I personally prefer the 5.0 as the settings are changeable, and for each TF I have my own preferred At3 and Bt3 settings. The lower the TF the looser the settings need to be for accuracy. And I don't use it for entries/exits either--I use it to see momentum and divergence only and to see where the over all PA lies for trading probability--kinda like a MACD indicator in the sense to the 0 or midline The ability to tune the values on higher TF's has been invaluable to me
--- Gone --- RIP 11/27/09
  • #12,939
  • Sep 3, 2009 11:43am Sep 3, 2009 11:43am
Quoting JohnnyFOREX
I'm going through a phsycological stage of hesitant trigger finger at the moment ... however I found an added mechanism though which may be of help to others:

Using the THV M1 as the main timeframe, my actual trades are executed on the Oanda platform with a 10sec chart. I have found that incorporating the age old 1,2,3 method on the 10sec works excellently when combined with the THV M1. By 1,2,3 I'm referring to (using an uptrend move as an example), point 1 is the 2nd most previous low swing point, 2 is the most recent high swing point ......

I don't know how valid it is on 1M TF's but you might want to try reading Elliot Wave Analysis
--- Gone --- RIP 11/27/09
  • #12,940
  • Sep 3, 2009 11:46am Sep 3, 2009 11:46am
Quoting IrishPips
EURUSD - the good:

Universally has the lowest spreads of pairs on brokers. Most traded pair of all Forex pairs. Volatility on lower TF's low on non-event days

the OK--- this pair can have OK moves provided there's a decent day on the DJIA and/or oil and with news imminent [I mean pre news and after news--not in the hour before/after]


the bad-EURUSD [IMO] is overall very choppy--yet the choppiness is predictable pending you have in mind the "magic numbers" AKA psych numbers that it plays around [00 20 50 80] One could literally play between...
Thanks for that Irish Pips. It was very useful. Besides EUR/USD, are there any other pairs which you would recommend for scalping?
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