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THV system, final edition

  • #12,961
  • Edited 8:36am Sep 4, 2009 3:13am | Edited 8:36am
Quoting traderathome
EU M1: Here is the trade coming.....large volume at highs....launched, and now liquidating. Could be wrong, but sure looks that way.
Hi Trader,

New analyse charts look great.

I too have found that Volume being a non-lagging indi (price action based) is very helpful in analysis.

Today we have G20 meetings and US Non farm, so anything (or nothing) could happen today.

Be careful out there

EDIT:

Here is a link to 'Master The Markets' by Tom Williams which explains how to use Volume Analysis.

Not strictly THV, for which I apologise, but IMHO does come under THV analysis.

http://www.box.net/shared/fgoo6enqh0
  • #12,962
  • Sep 4, 2009 3:28am Sep 4, 2009 3:28am
...... and now, a view from the hill.
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  • #12,963
  • Sep 4, 2009 3:39am Sep 4, 2009 3:39am
Quoting traderathome
EU M1: Here is what may turn out to be the pump n' dump, or LAUNCH AND LIQUIDATE!
Obvious pump and dump--extreme volume with high spread candles going into S/R areas = weakness. Big boys taking out Stops along the way for people shorting at the low.
--- Gone --- RIP 11/27/09
  • #12,964
  • Sep 4, 2009 8:33am Sep 4, 2009 8:33am
Quoting traderathome
...... and now, a view from the hill.
Nice forecast but the news helped a little bit

I don't know the volume enhance indicator but do you think it's better than the better volume indicator? Why do you use HA candles for VSA?
  • #12,965
  • Sep 4, 2009 8:38am Sep 4, 2009 8:38am
Hi guys
First i should Thanks cobra for this cool system.
what is your idea about ma 13 so we can use it for close our position when our position is in profit
look at picture. the blue moving is ma13 so i believe we can close the order when price is going to toch or cut this moving
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  • #12,966
  • Edited 2:02pm Sep 4, 2009 11:58am | Edited 2:02pm
Here is a THV 6 point trade, using the rainbow as a trend filter.

Considerations:
1) Double bottom at Camarilla short breakout shows that
price level is soundly rejected
2) 3 higher highs
3) Rainbow colors nicely spread out, and rainbow at good angle, showing good trend.
4) PA above MAs that represent 5,15 and 30 m corals (gold is 5m coral, red is 15m coral, bluegrey is 30m coral, approximately)
5) 10 pips of room for trade to move before it hits pivot.
6) When price rejected the 1.4190 level, the Euro had only done about 90 pips for the day, and when it reached the point of the trade, it had still only done 90 pips. So we could expect it to complete its range up to at least the average daily range high (ADRHigh).



Quoting masoud123
Hi

Cobra, MissPips, cashmeer, TradeWell, and other advanced THV trader, please post of your trade and chart at last once in day for Our training.


I'm eager to learn more from you.


sorry for request and my English.

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  • #12,967
  • Edited 2:05pm Sep 4, 2009 1:22pm | Edited 2:05pm
I've lately been dabbling in trying to attempt LT trades and I have to admit I failed miserably. Case in point -today

Volume is a nice indicator, yes--- other indicators lag, but no matter what they tell, you, more than likely it will be wrong.

PA is the only thing you need.

Below is a 30M chart of EJ. Sorry about the mess--it might be a little more obvious if the upper TL were blue and the lower TL red.

I lost a bet today, and then the person I had a bet with was kind enough to show me how to see the trend and almost exactly where it's going and exactly where the trend starts/ends--as well as where the waves will reverse and start to break down.


All you need to do on a 30 M or hour chart is connect each lower low and extend the line out, same with the upper trendline. As soon as the immediate trend changes, draw the top of the wave and extend that too. Keep drawing lines in this fashion..all upper TL's extend out and all lower TL's extend them out too and if there are lines to connect --connect them

This is kinda like Gartley, but with all the lines, you can see exactly where the retracements will be, where the trend's strength is, and where the breakdown happens.

Shows your range tunnels

For this new trend 132.80 will be the ultimate support to break once the topside gets exhausted as it was the converging point

I might have missed a few lines, but you get the idea

Notice as the trend is ending, the more strength it has the more space there is to move--to the left of the picture is the strength. And to the right is getting out of the congestion phase the the waves will star t to get bigger and more fluid

Once one line gets breached, redraw the line --don'r remove it as it's very likely pa will bounce off this area in the futire and it might not be a SR line and you're trying to figure out why the heck PA turned there.

--you will start to see a convergence point forming--that is where the trend will go to and reverse

This picture paints a very different short term idea than the herd mentality for this pair. [and a lot of others]

You can see from this example the first converging area wil be around 134.20 on the top side to see either a retracement of the new trend or a correction of the prevailing overall trend
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--- Gone --- RIP 11/27/09
  • #12,968
  • Sep 4, 2009 2:24pm Sep 4, 2009 2:24pm
I think I got all the lines drawn--now the logical thing after such a big upmove is to make a retracement..[although with it being the end of Friday and low volume I'll see how it plays out in the next 90 minutes

Herd mentality would have it try for the resistance, but the lines are converging around the 80 area...to give the impression of a rejection of that price area. Pa might travel along the upside line to the converging point

Take notice on one of the rays I drew there is a minor resistance candle.

Also on the stairs to Heaven each and every candle seems to have opened at each ray--and thus reacted to it


This is a 15M chart

Edit--I missed a line and 80/85 area will be a reaction zone
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--- Gone --- RIP 11/27/09
  • #12,969
  • Sep 4, 2009 2:27pm Sep 4, 2009 2:27pm
Hey all,

I've been a long-time follower of this thread and system and up until last week have demo traded it for, roughly, six months. A few weeks ago I decided to go live and everything has been going great, but I'm afraid my money management still sucks. Although most of my trades are positive, I still feel like my inexperience with MM is causing me to miss out on a lot of pips. Right now I'm simply using a SL/TP theory based on the ATR, but am thinking of working in a trailing stop or moving SL on my demo account so I can get a feel for the flow of things. I'm thinking that my failing, though, is that I typically aim for a 10 pip TP and set my SL to the ATR (which is typically 15-25), which I'm sure is backward MM.

One thing I hadn't tried was Cavemanager, which may help me with my MM problem, as well as teach me a bit about basic MM. My problem, though, is that even with the updated (v1.3) indicator, I can't get it to load into any of my charts. I activate the indicator and nothing happens, and it does not show in my indicator list. Has anyone else had this issue? I'm not running any additional indicators on my main charts, just the THV template and I'm running IBFX's v225.

Thanks!
  • #12,970
  • Sep 4, 2009 2:50pm Sep 4, 2009 2:50pm
Quoting Kleh
Hey all,

I've been a long-time follower of this thread and system and up until last week have demo traded it for, roughly, six months. A few weeks ago I decided to go live and everything has been going great, but I'm afraid my money management still sucks. Although most of my trades are positive, I still feel like my inexperience with MM is causing me to miss out on a lot of pips. Right now I'm simply using a SL/TP theory based on the ATR, but am thinking of working in a trailing stop or moving SL on my demo account so I can get a feel for the...

MM depends on your risk appetite. Some people say 5% of account equity other say one, and others are somewhere in between

First you have to figure out how many pips you're looking to get on a trade--figured out be where the next logical target would be. So if you're account equity was $1000 and you wanted 10 pips, , figure out you're S/L and the amount of pips you wanted

Let's say we wanted a win rate of 1:1

risking 10 pips for 10 pips= 20

1% of 1000=$10

For this calulation, our pip value would be 0.1 [or 0.08 if spread is accounted for]

Losing $10 [plus your spread] for $10.00

People have a tough time with MM becasue it is often revered in scalping--risking a lot more for a lot less.

You should never risk more than you're willing to take
--- Gone --- RIP 11/27/09
  • #12,971
  • Sep 4, 2009 2:53pm Sep 4, 2009 2:53pm
Quoting IrishPips
I've lately been dabbling in trying to attempt LT trades and I have to admit I failed miserably. Case in point -today

Volume is a nice indicator, yes--- other indicators lag, but no matter what they tell, you, more than likely it will be wrong.

PA is the only thing you need.

Below is a 30M chart of EJ. Sorry about the mess--it might be a little more obvious if the upper TL were blue and the lower TL red.
Why not just use something like the ZUP indi, which seems to be able to draw this type of thing in a clearer way - not that I use or understand it - you need Jeff the insect man for this.

Come back Jeff - all is forgiven
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  • #12,972
  • Sep 4, 2009 3:39pm Sep 4, 2009 3:39pm
any chance to share the zup indicator.That would be great.

Thx in advance

update: i found it macman.dont worry
  • #12,973
  • Sep 4, 2009 5:15pm Sep 4, 2009 5:15pm
Quoting macman
Why not just use something like the ZUP indi, which seems to be able to draw this type of thing in a clearer way - not that I use or understand it - you need Jeff the insect man for this.

Come back Jeff - all is forgiven


No there's more to it than that..working on a chart---although using ray on a higher TF is a little tough--you need to connect every single low and high and project them out as rays--- then go down to a lower TF and you'll be amazed

If you can project the rays decently -you need to modify the trendline] and do this, when you go down to a lower tf price reacts to each ray line and PA is contained within such..showing where the buys are going o be and the sell pressure.

Remember my last post where I "predicted" the price to react to the 80/85 level? well...it's no coincidence

1st picture is all the lines--it took me forever

2nd picture is EJ 5 on the last but of the session. Look real close at the projected ray lines


Kinda shows you what's going to happen and where PA will reverse.

All those lines contain price. Check it out for yourself.

Going to do it on the hour and 4hr tf's so not so much work

Each and every probably kinda lessy on a 30M I'm going to try in on the hour and 4 hr. But here's a picture of it on 30M with colors--- I have blue for the bottoms indicating buy and red for upper trendline=sell

Pay special attention to the ensuing PA ---- those lines are projected rays from previous candles---look at the red line above the PA and the blue lines below.



Coincidence? I think not. I think I've called checkmate on the Big Boys.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: ej 30.gif Size: 41 KB
Click to Enlarge Name: ej5.gif Size: 25 KB
--- Gone --- RIP 11/27/09
  • #12,974
  • Sep 4, 2009 5:20pm Sep 4, 2009 5:20pm
Very thanks MissPips, Thank you for bringing example and training the points.

Have a nice weekend.

Quoting MissPips
Here is a THV 6 point trade, using the rainbow as a trend filter.

Considerations:
1) Double bottom at Camarilla short breakout shows that
price level is soundly rejected
2) 3 higher highs
3) Rainbow colors nicely spread out, and rainbow at good angle, showing good trend.
4) PA above MAs that represent 5,15 and 30 m corals (gold is 5m coral, red is 15m coral, bluegrey is 30m coral, approximately)
5) 10 pips of room for trade to move before it hits pivot.
6) When price rejected the 1.4190 level, the Euro had only done about 90 pips for the day,...
We are here to help each other... We Learn Forex Together!
  • #12,975
  • Sep 5, 2009 4:39am Sep 5, 2009 4:39am
Quoting IrishPips
No there's more to it than that..working on a chart---although using ray on a higher TF is a little tough--you need to connect every single low and high and project them out as rays--- then go down to a lower TF and you'll be amazed

If you can project the rays decently -you need to modify the trendline] and do this, when you go down to a lower tf price reacts to each ray line and PA is contained within such..showing where the buys are going o be and the sell pressure.

Remember my last post where I "predicted" the price to react to the 80/85...
OK, thanks for the reply and sharing this - still can't see it at the moment, but I am going to try on some charts.

BTW, it should not be impossible to code an indi to do the drawing for you.

  • #12,976
  • Sep 5, 2009 6:53am Sep 5, 2009 6:53am
Quoting IrishPips
No there's more to it than that..working on a chart---although using ray on a higher TF is a little tough--you need to connect every single low and high and project them out as rays--- then go down to a lower TF and you'll be amazed

If you can project the rays decently -you need to modify the trendline] and do this, when you go down to a lower tf price reacts to each ray line and PA is contained within such..showing where the buys are going o be and the sell pressure.

Remember my last post where I "predicted" the price to react to the 80/85...
I thought the blue line connects the lower lows and the red lines the higher highs? How does it come that your blue lines are also pointing upwards and your red lines downwards?
  • #12,977
  • Sep 5, 2009 6:53am Sep 5, 2009 6:53am
This one uses THV3 Trix V6[1][1].1 all false that Cobra posted recently, but actually it should use any one that you tell it to in the strBaseCodeFileName param.

However, you are stuck with whatever the defaults are for the trix that you choose, since when calling an external file with iCustom you can either call it with the default param set, or with the full param set. Since the various trixes have different param sets, and since I don't know what they all are, I just call whichever one you choose with the defaults.


Quoting Indi+
Hi,
One small request if someone can transform THVTrix v6.01 into MTF trix with lines graph (THV-MTF Trix) not histo.
Thanks!
Attached File(s)
File Type: mq4 THV T3 Trix MTFv1 for anyTrix.mq4   8 KB | 1,055 downloads
File Type: ex4 THV T3 Trix MTFv1 for anyTrix.ex4   7 KB | 765 downloads
  • #12,978
  • Sep 5, 2009 1:35pm Sep 5, 2009 1:35pm
Quoting MCFly
I thought the blue line connects the lower lows and the red lines the higher highs? How does it come that your blue lines are also pointing upwards and your red lines downwards?

Blue lines every single bar on the 4hr 1 hr and 30M lows and I project them out. This indicates potential buy area or price reaction and I poject them out like a line continuation into open space--if there is a higher low the lines go that way

Red lines are in the same fashion and represent a sell area

Now next week I am going to do this and start looking for open gaps in between all the congestion--this is where the pips will be made
--- Gone --- RIP 11/27/09
  • #12,979
  • Sep 6, 2009 6:55am Sep 6, 2009 6:55am
How would you feel about the following trade rules when trading the THV from the 5 minute chart:

 

  1. Trailing stop of 10 pips set on market entry.
  2. Exit half of position when 10 pips in profit (and of course the trailing stop would automatically now be at break even).
  3. Utilise divergence for enhanced probability trade entries.

To me it seems like appropriate SL and TP amounts when based on the M5 chart, would you agree the above is viable, or unwise?

  • #12,980
  • Sep 6, 2009 7:04am Sep 6, 2009 7:04am
Hi Johnny

The answer you can find using the strategy tester and back testing that method but it sounds some kind of reasonable, just try it out and let us know.

When setting the trailing stop make sure that you aren't close to a S&R, pivot or Fib, that would almost garantize that your stop will be hit.


Quoting JohnnyFOREX
How would you feel about the following trade rules when trading the THV from the 5 minute chart:

 

  1. Trailing stop of 10 pips set on market entry.
  2. Exit half of position when 10 pips in profit (and of course the trailing stop would automatically now be at break even).
  3. Utilise divergence for enhanced probability trade entries.

To me it seems like appropriate SL and TP amounts when based on the M5 chart, would you agree the above is viable, or unwise?

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