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THV system, final edition

  • #14,241
  • Oct 6, 2009 5:57pm Oct 6, 2009 5:57pm
I am hoping you can clear something up for me. I understand the first 2 trades and those I agree with but the 3rd and 4th entries I do no see where those qualify on the 5M chart. Can you shed light on this as to why they qualify since the cloud is still above the coral on the 5M. Any help would be great.
Dan


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 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,...
Without vision, the people will perish.
  • #14,242
  • Oct 6, 2009 6:10pm Oct 6, 2009 6:10pm
Quoting cobraforex
just can say: Wow.
You may want to download it again ... fixed small bug (overwriting other charts). I updated the post with fixed version.
  • #14,243
  • Oct 6, 2009 6:12pm Oct 6, 2009 6:12pm
Hi, Cobra says the entry rules are "Above Coral only long, below Coral only short Price crosses cloud - both Trix cross each other and have the same color. Best and most secure trend confirmation is a cross of the fast Trix on the zero level."

I take that to mean when the price is above both the coral and the cloud (along with trix confirmation), then we have a valid buy signal, and vice versa for sell. If I understand the rules correctly, it is not necessary for the cloud to have passed the coral; only the price. Hopefuly I've interpreted the rules correctly, i'm not trying to put my own 'spin' on the system.

Quoting bythepound
I am hoping you can clear something up for me. I understand the first 2 trades and those I agree with but the 3rd and 4th entries I do no see where those qualify on the 5M chart. Can you shed light on this as to why they qualify since the cloud is still above the coral on the 5M. Any help would be great.
Dan
  • #14,244
  • Oct 6, 2009 6:17pm Oct 6, 2009 6:17pm
Well ... according to the H4 scenarios I've been reading, NZDUSD looks like a prime candidate:

EDIT: Crap .jpg ... for some reason, even saving as .gif ... MT4 is saving as .jpg!

H4 Fast Trix has changed color with huge distance to 0 line.

Attached Image (click to enlarge)
Click to Enlarge Name: thv.jpg Size: 114 KB



M5 chart is showing divergence ... I gues we look for an entry off this?

Attached Image (click to enlarge)
Click to Enlarge Name: thvnz.jpg Size: 102 KB
  • #14,245
  • Oct 6, 2009 6:26pm Oct 6, 2009 6:26pm
Quoting stratman
Well ... according to the H4 scenarios I've been reading, NZDUSD looks like a prime candidate:

EDIT: Crap .jpg ... for some reason, even saving as .gif ... MT4 is saving as .jpg!

H4 Fast Trix has changed color with huge distance to 0 line.

Attachment


M5 chart is showing divergence ... I gues we look for an entry off this?

Attachment
Also bear Div in M15:
Attached Image (click to enlarge)
Click to Enlarge Name: screen.gif Size: 41 KB
  • #14,246
  • Oct 6, 2009 6:29pm Oct 6, 2009 6:29pm
Quoting stratman
You may want to download it again ... fixed small bug (overwriting other charts). I updated the post with fixed version.
Strat, is this the answer for my problem?

I tried it again and it remains the same. I have a font in a zip file that i don't know where to copy. Could you please clarify?

Thanks in advance.
  • #14,247
  • Oct 6, 2009 6:37pm Oct 6, 2009 6:37pm
Quote
take a 5min G/U chart for today.

I went ahead and had a look

I think you would have done at least as well as if not better on G/U as on E/U

The two red horizontal lines represent a typical trading time if you live in the UK, 8 - 6 BST.

The first one was a corker, you really have to be up early to catch these big movements, this would have netted you 50 pips up to R2 and there was no reason to exit any earlier as the candles were so bullish.

The second trade, well, we would have got in a bit late but who cares it was a 40 pip ride down to S2.

The next four don't look like winners to me. Would I have entered the third trade so close to S2? Probably not. You would have lost probably 10 pips by the time trix changed. Same story with the fourth but hopefully you would have noticed the trendline developing and wouldn't have repeated your mistake entering so close to a strong support zone. The fifth trade I don't think you would have made a loss, hopefully would have bagged a pip or two before noticing the resistance zone. Again hindsight is a wonderful thing, I did not take these precise trades.

Look how S2 & R2 provided the trading range for the day almost to the pip

http://i288.photobucket.com/albums/l...es/GUTODAY.jpg
  • #14,248
  • Oct 6, 2009 6:54pm Oct 6, 2009 6:54pm
You have a folder in c:/windows/Fonts, just drag the font in that folder and it will be installed.

Quoting NosferatuMan
Strat, is this the answer for my problem?

I tried it again and it remains the same. I have a font in a zip file that i don't know where to copy. Could you please clarify?

Thanks in advance.
  • #14,249
  • Oct 6, 2009 7:47pm Oct 6, 2009 7:47pm
I was printed off the manual and wanted verificaton if possible. Does both the cloud and price need to be above the coral to " buy" and both below to 'Short" or is it a pass thru of the cloud and coral with PA? Any help is always appriciated.
and the the cross on the 1M with both colors as stated in your rules. I have the manual from the thread. Under the rules it says long only when the cloud and price is above the coral. Does this mean PA or cloud is clearly above the coral, then a Pull back and then an entry? Thanks in advance.


Quoting mysterio
Hi, Cobra says the entry rules are "Above Coral only long, below Coral only short Price crosses cloud - both Trix cross each other and have the same color. Best and most secure trend confirmation is a cross of the fast Trix on the zero level."

I take that to mean when the price is above both the coral and the cloud (along with trix confirmation), then we have a valid buy signal, and vice versa for sell. If I understand the rules correctly, it is not necessary for the cloud to have passed the coral; only the price. Hopefuly I've interpreted the...
Without vision, the people will perish.
  • #14,250
  • Oct 6, 2009 8:13pm Oct 6, 2009 8:13pm
I would define it as "closed to the coral".

Closed in relation of the TF, if you have a break of the coral in M5 and the cloud is 25 pips away it's more likely that a break can fail.

As always for confirming a trade I like to see a retest after break.

A retest isn't necesarily testing the coral but it should retrace a bit and than continue with the trend.

Hope that helps.

Quoting bythepound
I was printed off the manual and wanted verificaton if possible. Does both the cloud and price need to be above the coral to " buy" and both below to 'Short" or is it a pass thru of the cloud and coral with PA? Any help is always appriciated.
and the the cross on the 1M with both colors as stated in your rules. I have the manual from the thread. Under the rules it says long only when the cloud and price is above the coral. Does this mean PA or cloud is clearly above the coral, then a Pull back and then an entry? Thanks in advance.
  • #14,251
  • Oct 6, 2009 8:36pm Oct 6, 2009 8:36pm
Hey guys, does anyone know where the template is for THV4? I downloaded this version and no template inside, the THV3 template don't work.

Cheers
PM Me If You Need Help!
  • #14,252
  • Oct 6, 2009 8:49pm Oct 6, 2009 8:49pm
never mind, found it...

any one notice a HUGE candle on the 5 min chart, don't matter what pair via THV4 template?
PM Me If You Need Help!
  • #14,253
  • Oct 6, 2009 9:07pm Oct 6, 2009 9:07pm
I have a question with the Pivots setting indicator.

My server is GMT+1. If I want to use New York Open/Close

Local_HrsServerTzFromGMT = 1 DST. I got this from my broker
Destination_HrsNewTZFromGMT= -5

If I want to use London Open/Close

Local_HrsServerTzFromGMT = 1 DST. I got this from my broker
Destination_HrsNewTZFromGMT= 1

Can someone confirm if these settings works this way?

Thanks
  • #14,254
  • Oct 6, 2009 10:03pm Oct 6, 2009 10:03pm
Quoting cobraforex
SL too short or you might want to revise your entry points.
Thank you!I always study their own mistakes:revise their own entry and exit.The previous three week were for me very good,but begin this week-bad.
  • #14,255
  • Oct 7, 2009 12:42am Oct 7, 2009 12:42am
Quoting BobHall
never mind, found it...

any one notice a HUGE candle on the 5 min chart, don't matter what pair via THV4 template?
shows price movement since start of day.
  • #14,256
  • Oct 7, 2009 12:43am Oct 7, 2009 12:43am
Quoting BobHall
Hey guys, does anyone know where the template is for THV4? I downloaded this version and no template inside, the THV3 template don't work.

Cheers
got to:
http://www.forexfactory.com/showthread.php?t=127271

cheers
Ashi
  • #14,257
  • Oct 7, 2009 12:45am Oct 7, 2009 12:45am
Hi guys,


I am testing the V4 THV these days and I feel much more comfortable on GBPUSD instead on EURUSD, in particular between 6 /11 GMT.

What I like is the usual early signal of the Trix. I do not take care about the coral; I prefer to use a combinatio of ribbon strips and other referements.

I belive one can do a media of 30-35 pip daily on 5 minute TF on GBPUSD using V4 THV during the London morning.

Trix is one of the best indicators I have ever seen!

Thanks for sharing!
  • #14,258
  • Edited 1:58am Oct 7, 2009 1:41am | Edited 1:58am
[quote=stratman;3122719]Well ... according to the H4 scenarios I've been reading, NZDUSD looks like a prime candidate:

EDIT: Crap .jpg ... for some reason, even saving as .gif ... MT4 is saving as .jpg!

H4 Fast Trix has changed color with huge distance to 0 line.
M5 chart is showing divergence ... I gues we look for an entry off this?

i stil wait for retrace to enter in nzdusd, aususd, look at D1 chart bull chanel.i enter nzdjpy yesterday in H4 is olmost the same like nzdusd but in D1 go sideways.
  • #14,259
  • Oct 7, 2009 3:45am Oct 7, 2009 3:45am
Seems to be no volume at present:

Attached Image (click to enlarge)
Click to Enlarge Name: volume.gif Size: 38 KB
  • #14,260
  • Oct 7, 2009 3:52am Oct 7, 2009 3:52am
[quote=stratman;3124181]Seems to be no volume at present:




I only took 14 pips this morning....
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