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THV system, final edition

  • #13,181
  • Sep 16, 2009 5:14am Sep 16, 2009 5:14am
Quoting kkumbaraci
we should write a EA for this system i have a 10 years experience for C language. what do you think cobraforex?
Hi
They already have the EA but i think its beta
  • #13,182
  • Sep 16, 2009 6:49am Sep 16, 2009 6:49am
Cashmeer,

How do you get different color background in your indicators and your PA chart? If I change one, it changes all my backgrounds. Like way you change background for your indicators. Guess I am too old or too dumb to figure this out.
  • #13,183
  • Edited 7:17am Sep 16, 2009 6:58am | Edited 7:17am
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)
This was also going with H1 bearish divergence and a bounce at the WR1 (133.58)
  • #13,184
  • Sep 16, 2009 8:24am Sep 16, 2009 8:24am
Got a nice 15 pips on my futures account
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  • #13,185
  • Sep 16, 2009 9:38am Sep 16, 2009 9:38am
I have been using THV for a few weeks now while studying this forum and the manual and I have one quick question. I am confused by the manual when it explains the THV Trix. when it refers to a hidden divergence line would that be the dotted blue or dotted gold?
I would like to know the difference between the solid and dotted divergence lines... is one signaling a potential trend reversal/trend continuation?

Thanks in advance
  • #13,186
  • Sep 16, 2009 10:06am Sep 16, 2009 10:06am
EU: My sucky short trade with entry at 1.4600 yesterday got stopped out for a 50 pip loss. I should have suspected another 100 pip pump could have been in the works! Oh well.....

Anyway, since I still believe the support of the EU is near an end, I am re-entering short just below the 1.4700 whole number, and with a tighter SL this time.
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  • #13,187
  • Sep 16, 2009 10:15am Sep 16, 2009 10:15am
Considerations:

1.) 5 Min divergence
2.) Cross of 0 of fast and slow trix...
3.) Break of T/L for trade confirmation

got in at 132.46 and took profit at ~ 20 pips.. but that motherfudger went for a SERIOUS ride...even closing 3/4 position and letting the rest run would have been the prudent thing to do....
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Deprive a man of everything and you give him nothing to lose.
  • #13,188
  • Edited 10:22am Sep 16, 2009 10:19am | Edited 10:22am
Quoting traderathome
EU: My sucky short trade with entry at 1.4600 yesterday got stopped out for a 50 pip loss. I should have suspected another 100 pip pump could have been in the works! Oh well.....

Anyway, since I still believe the support of the EU is near an end, I am re-entering short just below the 1.4700 whole number, and with a tighter SL this time.

T@H, I did exactly the same thing last night. I shorted at about 146.55 with a 50 pip S/L on a tiny lot....after I was in the trade and it moved against me 30 or so pips, I noticed on the daily chart where it was headed towards...exactly 1.4714, the top of that spike...uncanny!
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Deprive a man of everything and you give him nothing to lose.
  • #13,189
  • Sep 16, 2009 10:23am Sep 16, 2009 10:23am
Quoting adunk1
Cashmeer,

How do you get different color background in your indicators and your PA chart? If I change one, it changes all my backgrounds. Like way you change background for your indicators. Guess I am too old or too dumb to figure this out.
adunk... that this is feature in V4 that is still being debugged. If Cobra decides, he'll release it when the testing is finished. These are merely cosmetic upgrades; no change in technique.
Deprive a man of everything and you give him nothing to lose.
  • #13,190
  • Sep 16, 2009 11:18am Sep 16, 2009 11:18am
Quoting cashmeer
Considerations:

1.) 5 Min divergence
2.) Cross of 0 of fast and slow trix...
3.) Break of T/L for trade confirmation

got in at 132.46 and took profit at ~ 20 pips.. but that motherfudger went for a SERIOUS ride...even closing 3/4 position and letting the rest run would have been the prudent thing to do....
That would have been tough to stay in at the time because there were a couple divergences the other direction and price was not very convincing. The real party started with an ever-so-slight divergence and move into overbought territory at the final break of S1.
  • #13,191
  • Sep 16, 2009 11:36am Sep 16, 2009 11:36am
Quoting cashmeer
T@H, I did exactly the same thing last night. I shorted at about 146.55 with a 50 pip S/L on a tiny lot....after I was in the trade and it moved against me 30 or so pips, I noticed on the daily chart where it was headed towards...exactly 1.4714, the top of that spike...uncanny!
EU: Removed stop before it got hit....I believe in my hypothesis and refused to have my trade taken away by a run on short trade stops just before the next run down (how I viewed it when I removed SL). And, I added to short trade a bit higher. Yes, this has become more of a gamble than a well structured trade....

Edit: That 20 pip run above previous high was on increased volume, which is what makes me think it was a run on stops....I mean, what professional trading institution is going to BUY at the highs??????? By running stops, they forced shorts to buy to cover at their SLs, and this provided the opportunity to pick up those shorts by having their "sell" orders placed in advance up there, just waiting to be filled!
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  • #13,192
  • Sep 16, 2009 12:40pm Sep 16, 2009 12:40pm
I will release a THV V4 Trix soon, that has the option.

Quoting adunk1
Cashmeer,

How do you get different color background in your indicators and your PA chart? If I change one, it changes all my backgrounds. Like way you change background for your indicators. Guess I am too old or too dumb to figure this out.
  • #13,193
  • Sep 16, 2009 12:47pm Sep 16, 2009 12:47pm
Quoting traderathome
EU: Removed stop before it got hit....I believe in my hypothesis and refused to have my trade taken away by a run on short trade stops just before the next run down (how I viewed it when I removed SL). And, I added to short trade a bit higher. Yes, this has become more of a gamble than a well structured trade....

Edit: That 20 pip run above previous high was on increased volume, which is what makes me think it was a run on stops....I mean, what professional trading institution is going to BUY at the highs??????? By running stops, they forced shorts...

when is this fudger gonna drop...?!

There is divergence in every chart I see:

4hr RSI
1hr RSI
4HR TRIX
1 HR TRIX

and depending on where and when we close for the day, there'll be divergence in the daily RSI...

By the way T@H, did you get a chance to look at my pivots...any idea why I show such discrepancies in start of day and pivot points?
Deprive a man of everything and you give him nothing to lose.
  • #13,194
  • Sep 16, 2009 12:52pm Sep 16, 2009 12:52pm
That was a nice trade, I switched to E/Y this London session as we are on a critical point for the E/U (1.47) at the moment.

I didn't get all the run because I chickened out at S1 and re-entered at MS1.

This formation is called "Rounding Bottom" and has a relative high hit rate, here what Investopedia writes about it:

Rounding Bottom


What Does Rounding Bottom Mean?
A chart pattern used in technical analysis, which is identified by a series of price movements that, when graphed, form the shape of a "U". Rounding bottoms are found at the end of extended downward trends and signify a reversal in long-term price movements. This pattern's time frame can vary from several weeks to several months and is deemed by many traders as a rare occurrence.

The chart below illustrates a rounding bottom.

http://i.investopedia.com/inv/dictio...dingBottom.gif
Investopedia explains Rounding Bottom
A rounding bottoms look similar to the cup and handle pattern, but does not experience the temporary downward trend of the "handle" portion. The initial declining slope of a rounding bottom indicates an excess of supply, which forces the stock price down. The transfer to an upward trend occurs when buyers enter the market at a low price, which increases demand for the stock. Once the rounding bottom is complete, the stock breaks out and will continue in its new upward trend.

hope that helps for the ones that didn't know that pattern yet.

BTW: I copied that info two hours ago, you might want to visit Investopedia and read about Cup and Handle formations.


Quoting cashmeer
Considerations:

1.) 5 Min divergence
2.) Cross of 0 of fast and slow trix...
3.) Break of T/L for trade confirmation

...
  • #13,195
  • Sep 16, 2009 1:04pm Sep 16, 2009 1:04pm
Your offer sounds good but like mentioned, we already have an EA with a zillion of parameters and it's still in developement.

Link to the EA thread

But would be great if I can ask you once a while for a helping hand as I'm learning to code and stick sometimes in stupid small problems.

Quoting kkumbaraci
we should write a EA for this system i have a 10 years experience for C language. what do you think cobraforex?
  • #13,196
  • Sep 16, 2009 1:10pm Sep 16, 2009 1:10pm
I have a short in one account which is closed to be hit SL.

Was a pending order executed at 1.4670.

Quoting cashmeer
when is this fudger gonna drop...?!
  • #13,197
  • Sep 16, 2009 1:19pm Sep 16, 2009 1:19pm
Quoting bauerjj10
I have been using THV for a few weeks now while studying this forum and the manual and I have one quick question. I am confused by the manual when it explains the THV Trix. when it refers to a hidden divergence line would that be the dotted blue or dotted gold?
I would like to know the difference between the solid and dotted divergence lines... is one signaling a potential trend reversal/trend continuation?

Thanks in advance
The dotted lines are the "Hidden" divergences. The solid lines are the "Reversal" divergences. That's from what I can tell in the 2 days I've been demo'ing.
  • #13,198
  • Sep 16, 2009 1:42pm Sep 16, 2009 1:42pm
Sorry for the delay to answer.

There are good posts from BeachBum (you have to realize a thread search for that) about trading the 15M to 1H which can help you to trade longer term.

I'm trading only one session (the London session) when I trade hardcore, anything else is lower pip value and more for entertainment and cigarrete bucks.

But when I trade I don't do anything else, I'm like in a bunker where nobody enter or distract me from my work.

I don't trade THV in long term but there are many that do so, what is the time (based on GMT) you could spend to trade in front of your puter?

If you are new to FX you will need to spend a certain ammount of screentime (and FX education) to understand the market before thinking in something serious.


Quoting decidence
I am able to use my MT4 platform at work which is great but I have a lot of trouble trading systems which are optimized for the lower TF's.
  • #13,199
  • Sep 16, 2009 2:41pm Sep 16, 2009 2:41pm
Here you see strong divergence on the 15M template, the gray lines.

When this happens you can swtch to 1M and wait for entry permission to grab some fast scalp pips, look second chart.
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  • #13,200
  • Sep 16, 2009 2:58pm Sep 16, 2009 2:58pm
Quoting cobraforex
Here you see strong divergence on the 15M template, the gray lines.

When this happens you can swtch to 1M and wait for entry permission to grab some fast scalp pips, look second chart.
It also helps when the divergence happens at the same time as a major rejection or bounce, this time off the psych level 134. (for others cobra; I know you already know ).
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