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THV system, final edition

  • #14,221
  • Oct 6, 2009 1:47pm Oct 6, 2009 1:47pm
And even with that you can get cought in the trap, the market gives a sh$t on if the trix is green or red, it reacts on offer and demand and these lines in the sand you can read in historical S&R.

The indicators show what happened not what will happen but there are probabilities that the market reacts like ..... when happened .....

Those areas you need to study over long time to know what to do when.

Now you can ask: And what the heck all systems are good for?

There are systems they call click and forget, they don't work and you can forget soon your equity as they are complete mechanical.

And there are systems that show PA in a different way and detect divergence etc. but requiere the traders knowledge and feeling to take the right decision, THV is one of them.

Quoting ab1
Cool .............I am using your system H4 from yesterday on 15 pairs, but sometimes when the fast trix changes colour, say, from green to red you enter and within a few mins it goes back to green ??

So are we waiting for the candle to close before we consider it a valid signal.

Cheers


ab1
  • #14,222
  • Oct 6, 2009 1:48pm Oct 6, 2009 1:48pm
Quoting ab1
Cool .............I am using your system H4 from yesterday on 15 pairs, but sometimes when the fast trix changes colour, say, from green to red you enter and within a few mins it goes back to green ??

So are we waiting for the candle to close before we consider it a valid signal.

Cheers


ab1
look at #14181 post space betwin FT and 0 line is very inportant.
  • #14,223
  • Edited 2:09pm Oct 6, 2009 1:51pm | Edited 2:09pm
Cobra,

I have one question.

What masage appears in window when fast trix change colour?

Thanks!
  • #14,224
  • Oct 6, 2009 1:53pm Oct 6, 2009 1:53pm
I thought it was six, but if you say so.

Quoting forxc
you know in h4 is 1 day only 16 bar. so i look at chart only to lock the profit.
  • #14,225
  • Oct 6, 2009 1:54pm Oct 6, 2009 1:54pm
Quoting cobraforex
And even with that you can get cought in the trap, the market gives a sh$t on if the trix is green or red, it reacts on offer and demand and these lines in the sand you can read in historical S&R.

The indicators show what happened not what will happen but there are probabilities that the market reacts like ..... when happened .....

Those areas you need to study over long time to know what to do when.

Now you can ask: And what the heck all systems are good for?

There are systems they call click and forget, they don't work and you can forget...
Totaly agree with you. Bdw Trix Cond HTF is wery usefull.
  • #14,226
  • Oct 6, 2009 1:57pm Oct 6, 2009 1:57pm
Quoting cobraforex
And even with that you can get cought in the trap, the market gives a sh$t on if the trix is green or red, it reacts on offer and demand and these lines in the sand you can read in historical S&R.

The indicators show what happened not what will happen but there are probabilities that the market reacts like ..... when happened .....

Those areas you need to study over long time to know what to do when.

Now you can ask: And what the heck all systems are good for?

There are systems they call click and forget, they don't work and you can...
  • #14,227
  • Oct 6, 2009 1:58pm Oct 6, 2009 1:58pm
Quoting cobraforex
I thought it was six, but if you say so.
yes my mistacke 1D H4 6 bar
  • #14,228
  • Oct 6, 2009 2:02pm Oct 6, 2009 2:02pm
Don't remember (I don't need them) but its the last box above the Market price.

Yesterday a very clever girl contacted me and reported that the email function doesn't work as it should and I'm recoding all that stuff.

Quoting Mihailo
Cobra,

I have one question.

What masage appears in window when fast trix change colour?

Thanks?
  • #14,229
  • Oct 6, 2009 2:08pm Oct 6, 2009 2:08pm
Quoting supremeChaos
next time, please post 'fairly-sized' charts.
not many traders have 20-30inch monitors
Sorry!
  • #14,230
  • Oct 6, 2009 2:09pm Oct 6, 2009 2:09pm
Quoting cobraforex
Don't remember (I don't need them) but its the last box above the Market price.

Yesterday a very clever girl contacted me and reported that the email function doesn't work as it should and I'm recoding all that stuff.
Ok!

Thanks!
  • #14,231
  • Oct 6, 2009 2:12pm Oct 6, 2009 2:12pm
Quoting cobraforex
And even with that you can get cought in the trap, the market gives a sh$t on if the trix is green or red, it reacts on offer and demand and these lines in the sand you can read in historical S&R.

The indicators show what happened not what will happen but there are probabilities that the market reacts like ..... when happened .....
Ok Cobra well thats at least good news for me then because I have studied price action , S/R, long before I saw THV or any other indicator.

I used it a few months back only trade on Daily candles NY close for signals. And turned demo accounts from £5K to £35K in a week. But demo and live are different and I dont know if I would use the same tactics live ? Although if you study candle formations it does give you a very clear indication of market sentiment, I just didnt ever feel confident releying on those.

I need more screen time and general knowledge....period, I was just hoping THV might help me make a few pips whilst learning this stuff. But it seems that knowledge of Forex is what is required not a "Holy Grail" of systems.

Cheers

ab1
  • #14,232
  • Oct 6, 2009 2:30pm Oct 6, 2009 2:30pm
ab, I highly recommend the James16 thread, there you can learn all about price action, this knowledge is absolutely needed to understand the market behavior.

And that's for all, especially our newcomers, if you are not firm yet in PA visit J16 when you have time to do so.

Alternative you can search for clockwork but it's almost the same I found J16 easier to catch up.

Quoting ab1
Ok Cobra well thats at least good news for me then because I have studied price action , S/R,...
  • #14,233
  • Oct 6, 2009 2:41pm Oct 6, 2009 2:41pm
Quoting ab1
....I need more screen time and general knowledge....period, I was just hoping THV might help me make a few pips whilst learning this stuff. But it seems that knowledge of Forex is what is required not a "Holy Grail" of systems.
It's a skill which like any other skill doens't come cheap or fast. 14.000 posts btw don't take forever to read through, the bulk can be skipped.

The good thing about trading is that there are an infinite number of strategies and/or systems. You just need to find (or develop) one that you feel comfy with including the right Timeframe.

I have sort of the same premise as you, NEED to make some pips. But, and Cobraforex has said it here time and again, that only works against you in terms of stress and impatience. And that's not a big help at a game that requires consistence and discipline.

Demo trading is only usefull for testing out indies, not for improving your skills. I do think however i've found the Holy Grail. If i test an Indi or some other stuff on Demo, i've noticed that almost EVERY (careless) trade i put on is a loser. Countertrading myself should make me a winner
  • #14,234
  • Oct 6, 2009 2:41pm Oct 6, 2009 2:41pm
Right, I'm trading four systems amoung them this breakout for the london session which is nothing new but I adapted it for me.

Each system has his time to trade, pair, MM and TF.

If you are able to trade one system constantly with monthly gains you can trade almost everything, even a naked candlechart with some fancy HLs.

Quoting ab1

I need more screen time and general knowledge....period, I was just hoping THV might help me make a few pips whilst learning this stuff. But it seems that knowledge of Forex is what is required not a "Holy Grail" of systems.

Cheers

ab1
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  • #14,235
  • Edited 5:36pm Oct 6, 2009 2:48pm | Edited 5:36pm
AB, just trade it as it's laid out in the manual, it's not difficult. The only hard part is pulling the trigger and deciding when to take profits. I haven't read the whole thread and i'm trading the system profitably (on demo I should add). Try the 5 minute TF and you'll get less whipsawing. I pointed out all the valid trade on todays EU chart that I can see according to the strict rules. They were all profitable.

Assuming you started at around 9am BST, rectangle 1 would have got you around 18 - 20 pips. Rectangle 2, this time under the coral, would have got you around 10 pips by the time the fast trix changed colour. The third rectangle was around NYC open. When you entered when PA crossed the coral you might have got a handful of pips, maybe 5, by the time trix changed colour. Or maybe you would have rode it all the way to the trendline and got the full 30 pips. This one would require a bit of skill/experience to get the full payoff. Lastly I see an entry just before 17:00 GMT. You may have got 15 pips or so here before Trix changed colour. Or you may have rode it down to the support area around 1.4705. Please let me know if I missed any valid entries.

There you go, at LEAST 40 pips on EU alone - easy! If you were up early for Frankfurt opening you would have got even more. If your SL is around 20 you can afford to use quite a big lot size. FORxc's 4h method sounds great, and who would turn down 1000 pips, but you require a much bigger SL for trading the larger TF. And nerves of steel if you ask me, it's much easier to get in and out quickly. Incidently the sell ticket you see is me trying out the 4h strategy, fast trix just turned red and it's not close to 0

http://i288.photobucket.com/albums/l...es/EUTODAY.jpg

Quoting ab1
Dude.................

There are 14,000 posts...........

Do you have it in one document please ?

There are just too many opinions...

Im not being lazy, but I need to earn a living here... do you have the system written down as you the creator designed it to be used ?

Cheers
  • #14,236
  • Edited 6:09pm Oct 6, 2009 5:02pm | Edited 6:09pm
Would you like Moving Averages on your minicharts:

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Attached File(s)
File Type: ex4 Stratman_MiniChart_v20.ex4   40 KB | 1,167 downloads
  • #14,237
  • Oct 6, 2009 5:19pm Oct 6, 2009 5:19pm
Quoting mysterio
AB, just trade it as it's laid out in the manual, it's not difficult. The only hard part is pulling the trigger and deciding when to take profits. I haven't read the whole thread and i'm trading the system
Hey Mysterio

Thanks for the tips. So looking at your chart and explination , you only enter on M5 when fast trix cross's slow trix and they are the same colour and also the prices needs to be above coral. Is that closed above or as soon as it touchs ?

cheers....sounds simple not sure were I got confused ??


ab1
  • #14,238
  • Oct 6, 2009 5:32pm Oct 6, 2009 5:32pm
just can say: Wow.

Quoting stratman
Would you like Moving Averages on your minicharts:
  • #14,239
  • Oct 6, 2009 5:51pm Oct 6, 2009 5:51pm
Quoting stratman
Would you like Moving Averages on your minicharts:

Attachment

Attachment
Strat, that's amazing.

Anyway I'm facing a few problems. This is what I have after replacing your indicators. Is the prblem with the font? Where should I place the font in the zip file?

Cheers,
Nos
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  • #14,240
  • Edited 6:05pm Oct 6, 2009 5:53pm | Edited 6:05pm
Quoting ab1
Hey Mysterio

Thanks for the tips. So looking at your chart and explination , you only enter on M5 when fast trix cross's slow trix and they are the same colour and also the prices needs to be above coral. Is that closed above or as soon as it touchs ?

cheers....sounds simple not sure were I got confused ??

ab1
Above coral for long, below coral for short. I just wait until the price crosses it, not closes below/above it. I don't think it matters on the short TF.

Yes, enter on the cross of the trix or after they have crossed and are the same colour. Notice on the last trade for example you couldn't enter on the cross of the trix because PA was above the coral. Once it has passed the coral (and cloud), we are free to enter. This is how I interpret it anyway.

Quote
cheers....sounds simple not sure were I got confused ??

Trading the one minute can give unreliable results i've found. Sometimes it gives great setups sometimes it will hammer you. As cobra said explicitly in the manual, you need advanced skills to be trading the 1min.

Memorise the rules, and trade them no matter what. Even if a set up looks like a surefire winner, but you don't have the 4 red lights (or 4 green lights), hold off until you do. Of course you must integrate common sense, draw trendlines and pay attention to S&R, pivots and so on.

On the 5 minute chart you will be babysitting the screen and you need discipline. On the chart I posted, there were only 4 valid trades between 9 and 6 BST, or one trade every 2 and a quarter hours. It's only natural to want to hunt pips on the 1 minute. Master the 5 minute first.

Here's an exercise. You don't have to post it, but take a 5min G/U chart for today. Mark out all of the valid trades and how many pips you would have made following the rules. Of course hindsight is totally different from the emotion of live trading but it might reassure you a bit. There were two beautiful set-ups at 7am GMT and again at 10am GMT. The rest of the day wasn't great admittedly as the ATR was pretty low and no clear direction.
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