THV system, final edition | Page 724 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

THV System Trades & Patterns Thread 857 replies

THV 4 system with SAH; My Trading Journal 163 replies

Bow's trading journal (THV, Hmaoui simple system) 4 replies

My Journal - Based on THV V3.0 by Cobraforex 30 replies

the vouchers - THV System 2 replies

Attachments: THV system, final edition
Exit Attachments

THV system, final edition

  • #14,461
  • Oct 11, 2009 12:00pm Oct 11, 2009 12:00pm
Quoting Mihailo

Well, in that trade it was around 65 pips.

It was connected with analyse on H4 and Daily chart because I didnt have a time to do scalping.
Super results, respect. But one question... You're not use StopLoss levels at orders... How many pips you planned to lose to close order or you will waiting for TakeProfit anyway?
  • #14,462
  • Edited 1:05pm Oct 11, 2009 12:18pm | Edited 1:05pm
hi all

can anyone tell me what post the startegy tester is on please

thanks
  • #14,463
  • Oct 11, 2009 12:39pm Oct 11, 2009 12:39pm
Quoting Oleg77
Super results, respect. But one question... You're not use StopLoss levels at orders... How many pips you planned to lose to close order or you will waiting for TakeProfit anyway?
Hi Oleg77!

Now @ this time my PERSONAL opinion is that price should go south, this is NOT ADVICE for other traders.

In any case scalping is not about stop los, it is about 3 to 15 pips. If You following all the rules You dont need stop los. I have it in my head, I will close an order if I see that Im wrong.

If I made misstake, and Im thinking that my trade will end with profit, I leave it until done. During that time Im opening other trades and scalping.

Some people do not agree with me, but every month i increase my acc. since April when I started with THV system.

Im repeating: THIS WAY OF TRADING IS NOT ADVICE FOR OTHER TRADERS.

Good luck man!

  • #14,464
  • Oct 11, 2009 12:40pm Oct 11, 2009 12:40pm
This daily trading plan found a space in the first post.

If you have a plan and follow it you almost can't fail in trading but the market can fail, that are the calculated losses which all traders can have, that's part of the biz and nothing wrong with that.

Quoting mysterio
Decadence, thanks for posting that checklist, it's nice to see your rules so clearly and systematically articulated.
Attached Image
  • #14,465
  • Oct 11, 2009 12:48pm Oct 11, 2009 12:48pm
Quoting cobraforex
This daily trading plan found a space in the first post.

If you have a plan and follow it you almost can't fail in trading but the market can fail, that are the calculated losses which all traders can have, that's part of the biz and nothing wrong with that.
Hi Cobra,

Sorry for correcting You but it isnt "Decadence", his nick is "Decidence"
  • #14,466
  • Oct 11, 2009 1:05pm Oct 11, 2009 1:05pm
In Decidence trading plan #14 & #24, he refers to the rsi indicator. is he looking at the 1 hour rsi or the 5 min rsi when identifying potential enrty points. An image of all the rules been meat would be help full perhaps durning the week some one might get a chance to post one..

Rebel
  • #14,467
  • Oct 11, 2009 1:09pm Oct 11, 2009 1:09pm
Corrected in the first post, thanks.

Quoting Mihailo
Hi Cobra,

Sorry for correcting You but it isnt "Decadence", his nick is "Decidence"
  • #14,468
  • Oct 11, 2009 1:13pm Oct 11, 2009 1:13pm
It doesn't matter, I'm looking for RSI (5) on all TFs as an additional information to the Trix.
Important is that you include in your plan what works for you.

There are many ways to look for a trading setup, I always give priority to S&R in higher TFs and pivots with Trix and cloud confirmation, but each one to his own.

Quoting rebelheart
In Decidence trading plan #14 & #24, he refers to the rsi indicator. is he looking at the 1 hour rsi or the 5 min rsi when identifying potential enrty points. An image of all the rules been meat would be help full perhaps durning the week some one might get a chance to post one..

Rebel
  • #14,469
  • Oct 11, 2009 2:32pm Oct 11, 2009 2:32pm
Quoting cobraforex
It doesn't matter, I'm looking for RSI (5) on all TFs as an additional information to the Trix.
Important is that you include in your plan what works for you.

There are many ways to look for a trading setup, I always give priority to S&R in higher TFs and pivots with Trix and cloud confirmation, but each one to his own.
Hello Cobra,

I just have a quick questions... In your manual, you stated that the cloud must also be above the coral in order to enter a long. However, on the first page of this thread, that rule is not listed. So, does that rule still apply?

Thanks.
  • #14,470
  • Oct 11, 2009 4:11pm Oct 11, 2009 4:11pm
Hello Cobra,

new here ...

greetings from Germany and thank you for your great work

Hello stratman,

thank you for your minicharts !

question:

1. minicharts various other symbols? illustration EUR/USD >>> minicharts SP 500, GBP/USD .....
2. chance minichart individual indicators?

thanks and all successful !
  • #14,471
  • Oct 11, 2009 4:28pm Oct 11, 2009 4:28pm
Does the two THV Trix v4 lines must be above/below 0 for a long/short ?
  • #14,472
  • Edited 5:51pm Oct 11, 2009 5:22pm | Edited 5:51pm
Quoting Thierry89
Does the two THV Trix v4 lines must be above/below 0 for a long/short ?
No it doesn't. But you have to watch out at what level they are at when they do cross, to be sure that they are not close to being overbought/oversold (if you're trading on M1, watch the Trix on the M5 as well for that, if you're trading on M5, watch the Trix on the M15 as well). If PA is close to being either overbought or oversold, then I would wait for a better entrance and not chase the riskier trade. The best entrance as said in the manual, would be when the Fast Trix crosses the Slow Trix very near or on the 0.00 line. One reason being, that tells us that there might be a trend change if the Fast Trix crosses over the 0.00, the other reason being, there will then be more room for the PA to move in the direction we're trading before heading into the overbought/oversold zone, giving us more room for profit taking before we need to get out of the trade. Remember, both lines also must be the same color before you can go long or short. Both green for long, both red for short. Also, if you're going to enter a trade, be sure the price is not right above a pivot line if you're going to short, or right below a pivot line if you're going to long, wait for the break first then enter. As for the way I exit my trades, I exit either when the Fast Trix change color (personally, I wait for after candle closes to be sure that it does stay changed), or price reaching the next pivot level.

Trading this method is still a work in progress for me as well as I've just got into it. However, I did a lot of studies on my chart and read a lot of post on this thread, trying to catch up as fast as I can. =) So far though, wow, this method is great, the chart really tells you very clearly on what's going on, and how you should approach your trades. Not sure why I waited this long to start trading THV, but better late than never. ^^
  • #14,473
  • Oct 11, 2009 6:56pm Oct 11, 2009 6:56pm
this is a possible scenario of what can happen, it's not a call but something I'm watching.

If occours we can break the neckline on tuesday and complete the move on friday, about 30 4H candles.

Again, this is not a call and I'm only thinking loud.

I can't see any fundamentals of this move but on the technical I would say it's not impossible.

Please watch the levels on USDCHF during this time.

Any comments wellcome.
Attached Image (click to enlarge)
Click to Enlarge Name: thv4 release35.jpg Size: 123 KB
  • #14,474
  • Oct 11, 2009 7:32pm Oct 11, 2009 7:32pm
I answered that question some pages ago.

The cloud should be closed to the coral in relation to your TF.

Quoting Nobitacu
Hello Cobra,

I just have a quick questions... In your manual, you stated that the cloud must also be above the coral in order to enter a long. However, on the first page of this thread, that rule is not listed. So, does that rule still apply?

Thanks.
  • #14,475
  • Oct 11, 2009 7:45pm Oct 11, 2009 7:45pm
Thanks to the whole THV TEAM for putting this together.
Looking forward to test the new v4 live this coming week.

A quick question (I haven;t found an answer in the thread yet), after installing, I can only open EURUSD pair, how can I open the other pairs?

Thanks

Casper
  • #14,476
  • Oct 11, 2009 7:45pm Oct 11, 2009 7:45pm
For the ones that want to use the V4 MTF template and didn't have the V3 setup for MTF, you will need the ichimoku indicator in the indicator folder.

I will include that in an update which will be released soon.
Attached File(s)
File Type: mq4 Ichimoku.mq4   5 KB | 913 downloads
  • #14,477
  • Oct 11, 2009 7:45pm Oct 11, 2009 7:45pm
just completed a nice 20 pip short

Started with M15 analysis -> M5 THV conditions met -> M1 conditions met (pull trigger)

Get out at marked previous S/R level (also was ready to exit on the pass through of MS1 - if it pulled back too much)

Attached Image (click to enlarge)
Click to Enlarge Name: eu ana.gif Size: 24 KB


Attached Image (click to enlarge)
Click to Enlarge Name: eu m5.gif Size: 52 KB


Attached Image (click to enlarge)
Click to Enlarge Name: eu m1.gif Size: 44 KB
  • #14,478
  • Oct 11, 2009 7:51pm Oct 11, 2009 7:51pm
Great , did you see that you TP just at the first closed level of USDCHF I marked in the 4H chat?



Quoting stratman
just completed a nice 20 pip short

Started with M15 analysis -> M5 THV conditions met -> M1 conditions met (pull trigger)

Get out at marked previous S/R level (also was ready to exit on the pass through of MS1 - if it pulled back too much)
  • #14,479
  • Oct 11, 2009 8:11pm Oct 11, 2009 8:11pm
Quoting cobraforex
I answered that question some pages ago.

The cloud should be closed to the coral in relation to your TF.
Ah... I did remember reading that post now that you've mentioned it. Sorry. Ok, so just have to be close to the coral in relation to the chart I'm trading on, got it. =) Thanks.
  • #14,480
  • Oct 11, 2009 8:14pm Oct 11, 2009 8:14pm
Quoting stratman
just completed a nice 20 pip short

Started with M15 analysis -> M5 THV conditions met -> M1 conditions met (pull trigger)

Get out at marked previous S/R level (also was ready to exit on the pass through of MS1 - if it pulled back too much)
]
Very nice. I didn't take those trades because I'm a bit more conservative, so I use Miss pips MTF indicators and will only enter if the 6 lights I'm looking for are all the same. ^^ I need to play it safe haha, not as good as you guys with this method yet.
10 traders viewing now