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THV system, final edition

  • #13,161
  • Sep 15, 2009 6:21am Sep 15, 2009 6:21am
Hi,

Nice chart, how can I get them?
  • #13,162
  • Sep 15, 2009 6:26am Sep 15, 2009 6:26am
Quoting gambit1977
Hi,

Nice chart, how can I get them?
It is based upon a pre-release version of SDX-TzPivots currently being tested. We expect release later this month.
  • #13,163
  • Sep 15, 2009 7:10am Sep 15, 2009 7:10am
Ok, thanks. I will wait for the release......
  • #13,164
  • Edited 10:27am Sep 15, 2009 7:25am | Edited 10:27am
EU: News in a few minutes....
Edit: PA thru entry area and progressing down towards Tp area on good volume.....
Edit: This trade is going nowhere fast. And where is everybody, anyway? PA gets ripped down with each dose of selling, but on light volume it is promptly returned on high! Testimony to the fact that pricing has nothing to do with anything other than what those with the most money in the market, want it to be. It will fall, but not until "they" are ready to drive it down. I won't close the trade, that flucuates with miniscule profit, because you can never know when that drive will begin.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: # 102.gif Size: 43 KB
Click to Enlarge Name: # 103.gif Size: 45 KB
  • #13,165
  • Sep 15, 2009 10:46am Sep 15, 2009 10:46am
Quoting traderathome
EU: News in a few minutes....
Edit: PA thru entry area and progressing down towards Tp area on good volume.....
Edit: This trade is going nowhere fast....
yea the volume indicator give me the signal for LONG trade after the strong down move.. you can see strong volume also in h1 chart.. i think that from today upmove will restart
  • #13,166
  • Edited 11:06am Sep 15, 2009 10:52am | Edited 11:06am
Quoting pattinatore
yea the volume indicator give me the signal for LONG trade after the strong down move.. you can see strong volume also in h1 chart.. i think that from today upmove will restart
If you examine the volume on the lowest TFs you will see the high volume favors the high prices. This means more trading at the highs, and less trading at the lows. And what do traders do at the highs, buy or sell......? I am not saying that PA will not move up. Indeed it can and may! But for days now, the PA has the look of ranging....consolidation....as though big money is shifting from longs to shorts as their professional traders keep the PA moving up and down for the purpose of providing time for them to take the opposite side of any that are buying.

Look at the M1 chart attached. PA is eventually worked back to the highs, and then suddenly in comes high relative volume. This has been happening over and over. This is not buying that would push the PA up, up, and away. It is selling off at the highs, which is why the PA is range bound.
Attached Image (click to enlarge)
Click to Enlarge Name: # 104.gif Size: 34 KB
  • #13,167
  • Sep 15, 2009 10:55am Sep 15, 2009 10:55am
The files on the 1st page only has Thv Trix v4.01 for example. Thv Trix v6.1 AND a newer template (Thv v6.01 template) been posted in the forum over the last couple of weeks.


Quoting dread
-Are the indicators and template located on the first page up-to-date and accurate with all the new indicators that Cobra is using?

-Are there any newer updates/templates/indicators...etc...?

thanks.
  • #13,168
  • Sep 15, 2009 12:17pm Sep 15, 2009 12:17pm
I noticed that CaveManager 1.3 loaded with different settings then what the Manual had on it's first page, which ones should we run with by default? Is there somewhere I can find a general tutorial on how to tweak them for different TF's? What is the assumed default TF? I notice whenever I trade around a pivot that my first batch always gets taken out really quick sometimes even in loss.
  • #13,169
  • Sep 15, 2009 12:30pm Sep 15, 2009 12:30pm
Decidence,

You should configure your own settings depending on your money management and style of trading. There is no recommended settings. As for TF, you can use it on any TF. There is no tutorial as there is nothing in CaveManager you can tweak to make your trading better. It is purely a trade management EA that will execute the trade exactly the way you configure it to.

If you configure it to take profit by pivot levels and the price is already near the first pivot level, CaveManager will execute when the price hits the first pivot level. The loss that you are seeing might be from slippage.

Be extra careful when trading near pivot levels.

Cheers,
CaveMan

Quoting decidence
I noticed that CaveManager 1.3 loaded with different settings then what the Manual had on it's first page, which ones should we run with by default? Is there somewhere I can find a general tutorial on how to tweak them for different TF's? What is the assumed default TF? I notice whenever I trade around a pivot that my first batch always gets taken out really quick sometimes even in loss.
  • #13,170
  • Sep 15, 2009 12:56pm Sep 15, 2009 12:56pm
Quoting caveman
Decidence,

You should configure your own settings depending on your money management and style of trading. There is no recommended settings. As for TF, you can use it on any TF. There is no tutorial as there is nothing in CaveManager you can tweak to make your trading better. It is purely a trade management EA that will execute the trade exactly the way you configure it to.

If you configure it to take profit by pivot levels and the price is already near the first...
Sounds good, thank you!
  • #13,171
  • Sep 15, 2009 2:08pm Sep 15, 2009 2:08pm
Small, typical, late NY session trade. Good for 5 pips.

Considerations:
1) Break of Trix TL
2) Break of TL/BB's (trendline was set at upper Bollinger Band, which was squeezing)
3) R2 close by, low expectations for pips

With these smaller moves you can take larger positions as your SL will be very close by (mine was 10 pips).
Attached Image (click to enlarge)
Click to Enlarge Name: ej-m1-1sep09-2.gif Size: 17 KB
  • #13,172
  • Sep 15, 2009 2:33pm Sep 15, 2009 2:33pm
Quoting TradeWell
Small, typical, late NY session trade. Good for 5 pips.

Considerations:
1) Break of Trix TL
2) Break of TL/BB's (trendline was set at upper Bollinger Band, which was squeezing)
3) R2 close by, low expectations for pips

With these smaller moves you can take larger positions as your SL will be very close by (mine was 10 pips).
nice trade...i found that trix trendlines that are not reflected in PA, when broken, have high probabilities...also in low volume sessions like late NY, i usually close partial position at 1/2 ATR
Deprive a man of everything and you give him nothing to lose.
  • #13,173
  • Sep 15, 2009 3:34pm Sep 15, 2009 3:34pm
I want to repeat that again, the V3 zip file is the current version, all modified indicators that you find in the upper right corner in the paperclip are OPTIONAL !!!

The same for the MTF templates, they are otional.

There is no need to change anything as THV V3 is working flawless if you made your homework.

Even V4, if ever released, will not have technical changes (beside the Trix) neither the rules will change (but maybe fine tuned). It will also be OPTIONAL.

Understand V3 as a base which you can and should personalize to your needs and trading style/TF.

Why repair something that works?


Quoting david777
The files on the 1st page only has Thv Trix v4.01 for example. Thv Trix v6.1 AND a newer template (Thv v6.01 template) been posted in the forum over the last couple of weeks.
  • #13,174
  • Sep 15, 2009 3:46pm Sep 15, 2009 3:46pm
Been trading the 5min in my limited time since yesterday... doing fairly well, I like how this system gives a certain amount of confidence to each trade. I also love the divergence indicators and alerts... those are really powerful.

CaveManager has really helped me keep my trades in profit since I can't watch the charts all the time at work, great job.
  • #13,175
  • Sep 15, 2009 4:29pm Sep 15, 2009 4:29pm
Quoting cobraforex
...
Why repair something that works?
Exactly.

We traders, especially new ones, think there is always something out there better than what we have. Ultimately, it is the trader who needs the most improvement. Indicators are just that - the indicate what may happen. It is up to the trader to use patience and discipline with a dash of good money management. If you can master your self, then the method won't matter so much.
  • #13,176
  • Sep 15, 2009 4:41pm Sep 15, 2009 4:41pm
T@H do you have an idea what I might have done wrong?

These two screen shots are both of the 5 min E/J

the first is on ODL which is a GMT Broker and the Pivot indicator is set to 0 away from GMT

the second is from ATC FX Pro which is an EST broker and the Pivot indicator is set to -4 away from GMT

The difference in the various pivots is sometimes 30 + pips

For example ODL FPV is at 132.470 and ATC FPV is at 132.726
also the today and yesterday vertical lines are nowhere near each other...

any idea?
Attached Image(s) (click to enlarge)
Click to Enlarge Name: sdx ej 5min odl.gif Size: 45 KB
Click to Enlarge Name: sdx ej 5min atc.jpg Size: 129 KB
Deprive a man of everything and you give him nothing to lose.
  • #13,177
  • Sep 15, 2009 8:23pm Sep 15, 2009 8:23pm
good for 15 + pips, so far....

Considerations:

1.) 5 Min bounce/rejection at 61.8% Fib...
2.) 5 min - series of consecutive bullish divergence
3.) 1 min - bounce at support and bullish divergence
4.) Break of 1 min T/L for confirmation of trade..
Attached Image(s) (click to enlarge)
Click to Enlarge Name: thv 4 0015.jpg Size: 148 KB
Click to Enlarge Name: thv 4 0016.jpg Size: 129 KB
Deprive a man of everything and you give him nothing to lose.
  • #13,178
  • Sep 16, 2009 1:20am Sep 16, 2009 1:20am
Wow, what a move.

consideration:
1.) double top
2.) bounce from R1
3.) strong divergence
4.) break of TL, Coral and MR1

TP on S1 in extreme Trix and RSI oversold area (Trix paints green)
Attached Image (click to enlarge)
Click to Enlarge Name: thv4 19.gif Size: 49 KB
  • #13,179
  • Sep 16, 2009 1:32am Sep 16, 2009 1:32am
Quoting cobraforex
Wow, what a move.

consideration:
1.) double top
2.) bounce from R1
3.) strong divergence
4.) break of TL, Coral and MR1

TP on S1 in extreme Trix and RSI oversold area (Trix paints green)
we should write a EA for this system i have a 10 years experience for C language. what do you think cobraforex?
  • #13,180
  • Sep 16, 2009 4:45am Sep 16, 2009 4:45am
What a move is right, Cobra, all the way to 132.50.....

and then....

These screen shots are before the move upwards...let's see how it goes...

notice that the move happened almost exactly after the fast and slow trix crossed 0.

Considerations:

1.) 132.50 Bounce
2.) 5 Min Double Divergence
3.) 1 Min Prolonged Divergence
Attached Image(s) (click to enlarge)
Click to Enlarge Name: thv 4 0018.jpg Size: 110 KB
Click to Enlarge Name: thv 4 0017.jpg Size: 125 KB
Deprive a man of everything and you give him nothing to lose.
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