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THV system, final edition

  • #14,601
  • Oct 13, 2009 6:23pm Oct 13, 2009 6:23pm
Thanks Ciro, if I ever find a flight where you can smoke it could get reality, till then I'll take the good will.

Quoting ciro
Hi Mr.Cobra,

If you come to Paris, give me a call, dinner and vine is on me.
Another good scalping day..
  • #14,602
  • Oct 13, 2009 6:58pm Oct 13, 2009 6:58pm
Quoting cobraforex
Thanks Ciro, if I ever find a flight where you can smoke it could get reality, till then I'll take the good will.
Cobra, mi amigo, how many times did I tell you to quit smoking?
  • #14,603
  • Oct 13, 2009 7:03pm Oct 13, 2009 7:03pm
What can I do? I love to smoke, look Masoud's avatar.

Quoting Freddyfx
Cobra, mi amigo, how many times did I tell you to quit smoking?
Attached Image
  • #14,604
  • Oct 13, 2009 7:07pm Oct 13, 2009 7:07pm
Ciro, just saw that you took trades in both directions, may I ask you, your losers have been longs or shorts today?

Quoting ciro
Hi Mr.Cobra,

If you come to Paris, give me a call, dinner and vine is on me.
Another good scalping day..
  • #14,605
  • Oct 13, 2009 7:52pm Oct 13, 2009 7:52pm
I got a PM from someone who told me about some other mini chart project. It uses a different concept (writes graphics directly to screen) so you need to 'tick' the "Allow DLL Imports" check box when adding it to your chart.

It shows moving averages and open positions as well as HA candles.

I'm going to merge some of the ideas here into my own minicharts.

While I'm thinking on this, are there any THV concepts that people may want to add ... currently have a moving average .... maybe a small trix on the minicharts?

Here's some pics and the indicator if you're interested.

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


Attached Image (click to enlarge)
Click to Enlarge Name: minichart ha.jpg Size: 108 KB
Attached File(s)
File Type: ex4 MC.ex4   46 KB | 1,053 downloads
  • #14,606
  • Oct 13, 2009 8:18pm Oct 13, 2009 8:18pm
Quoting stratman
I got a PM from someone who told me about some other mini chart project....
If you can somehow, just somehow, also have each chart to be able to show overbought/oversold Trix levels, it would be like charts on heaven. ^^
  • #14,607
  • Oct 13, 2009 8:27pm Oct 13, 2009 8:27pm
szt0495,

My advice is to take profit at pivot or mid pivot levels. Depending on how many lots you are trading, exit partial as you reach a pivot or mid pivot level and set the rest to BE. If you happen to be in a huge move, you will know it as the PA will just zoom away, it those cases, just ride it. But this is very rare in my opinion unless you are stalking it with higher TF analysis like yesterday's move.

Always remember that THV is a scalping strategy. I use it on the M5. Take small bites out of the market. At the end of the day, it will all add up. Don't hope for 50 pips move for every position you take. Just aim for 10 to 20 pips, exit with the profit and wait for the next entry. You will be more successful this way. A lot of newbies fail with THV because they expect to catch big moves with this. Even with 20 pips floating profit, they are still hoping for more, PA then turns and take them out at a loss.

One very important point I have made in past posts is that from higher TF analysis (e.g. H4) you need to decide if you are trading with the trend or counter trend or both. Now counter trend basically means trading the retracements or pullbacks as they happen. On M5, what looks like a nice uptrend may actually be a retracement of a downtrend on H4 and vice-versa. Yes, you need to know as your analysis, preparations, psychology and expectations are different for each. If you trade counter trend, you need to know beforehand potential areas where PA may turn to continue with the trend. Lower your target expectations but heighten all your senses to exit at the first sign of problem.

Never take every signal THV gives you. Know where you are in the big picture. With higher TF analysis for trend, S/R and direction, you should do quite well with THV in getting small bites out of the market. It will add up.

Cheers,
CaveMan


Quoting szt0495
On the other hand, I'd like to ask anyone who trades THV to share all kinds of exit strategy, because my week point is still at the exits.
  • #14,608
  • Oct 13, 2009 8:46pm Oct 13, 2009 8:46pm
Quoting caveman
szt0495,

My advice is to take profit at pivot or mid pivot levels. Depending on how many lots you are trading, exit partial as you reach a pivot or mid pivot level and set the rest to BE. If you happen to be in a huge move, you will know it as the PA will just zoom away, it those cases, just ride it. But this is very rare in my opinion unless you are stalking it with higher TF analysis like yesterday's move.

Always remember that THV is a scalping strategy....
Thanks CaveMan, very good tips for everyone. =)

Right now, I'm waiting for the rainbow to form its third higher high, we got 2 now. One more then I'll start looking for a long to enter. =) Price is now above all MAs on rainbow chart as well.
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd.jpg Size: 135 KB
  • #14,609
  • Oct 13, 2009 9:22pm Oct 13, 2009 9:22pm
[While I'm thinking on this, are there any THV concepts that people may want to add]


What do you think by adding an Atotrandline on the graph that will show a trading channel? http://www.forexfactory.com/images/icons/icon5.gif
Attached Image (click to enlarge)
Click to Enlarge Name: atotrandline.jpg Size: 110 KB
Attached File(s)
File Type: ex4 Autotrendlinien.ex4   10 KB | 893 downloads
  • #14,610
  • Oct 13, 2009 10:43pm Oct 13, 2009 10:43pm
Price stuck inside a tunnel right now. Wonder which side it'll break out of?
  • #14,611
  • Oct 13, 2009 10:46pm Oct 13, 2009 10:46pm
Talking about sophistication
  • #14,612
  • Oct 13, 2009 10:58pm Oct 13, 2009 10:58pm
As of right now, I'm still looking for a long entrance in accordance to the rainbow. But price for me has to break above 1.4888 first. If it does, I'll be going long and taking profit at R2. Being tough to break, keep testing it but fails, perhaps it wants to go down as we're close to a psy level of 1.49.
  • #14,613
  • Edited Oct 14, 2009 12:53am Oct 13, 2009 11:18pm | Edited Oct 14, 2009 12:53am
excellent work
indicator for extreme 15 min charts record please

thank you in advance


Quoting stratman
I got a PM from someone who told me about some other mini chart project....
Attached File(s)
File Type: mq4 i-Regr_alert.mq4   5 KB | 840 downloads
  • #14,614
  • Oct 13, 2009 11:25pm Oct 13, 2009 11:25pm
Hi to all and thanks for a great system.

Can please someone help me. I need the buffer numbers of Thv4 trix called indicator:

Trixslowgreen = iCustom(NULL, 0, "THV4 Trix called", ??, 1);
Trixslowred = iCustom(NULL, 0, "THV4 Trix called", ??, 1);
Trixfastgreen = iCustom(NULL, 0, "THV4 Trix called", ??, 1);
Trixfastred = iCustom(NULL, 0, "THV4 Trix called", ??, 1);
Trixarrowup = iCustom(NULL, 0, "THV4 Trix called", ??, 1);
Trixarrowdown = iCustom(NULL, 0, "THV4 Trix called", ??, 1);

I tried with the logical series (0-5) but doesn't seem to be so.

Any help?

Thanks
  • #14,615
  • Oct 13, 2009 11:59pm Oct 13, 2009 11:59pm
double STR = iCustom(NULL, Main_TF, "THV4 Trix called",0,CandleToUse);
double STG = iCustom(NULL, Main_TF, "THV4 Trix called",1,CandleToUse);

double FTR = iCustom(NULL, Main_TF, "THV4 Trix called",2,CandleToUse);
double FTG = iCustom(NULL, Main_TF, "THV4 Trix called",3,CandleToUse);

double FastTRIX = iCustom(NULL, Main_TF, "THV4 Trix called",6,CandleToUse);
double SlowTRIX = iCustom(NULL,Main_TF, "THV4 Trix called",7,CandleToUse);

STR =Slow Trix Red
FTG = Fast Trix Green

Quoting vs1972
Hi to all and thanks for a great system.

Can please someone help me. I need the buffer numbers of Thv4 trix called indicator:



Any help?

Thanks
  • #14,616
  • Oct 14, 2009 12:05am Oct 14, 2009 12:05am
Do you mean Long or Short?

Looks like you want to buy the top of the move.

Quoting Nobitacu

Right now, I'm waiting for the rainbow to form its third higher high, we got 2 now. One more then I'll start looking for a long to enter. =) Price is now above all MAs on rainbow chart as well.
  • #14,617
  • Oct 14, 2009 12:59am Oct 14, 2009 12:59am
Proposal for minicharts


Quoting guenter487
excellent work
indicator for extreme 15 min charts record please

thank you in advance
Attached Image
Attached File(s)
File Type: tpl extreme.tpl   2 KB | 907 downloads
  • #14,618
  • Oct 14, 2009 1:38am Oct 14, 2009 1:38am
Quoting Nobitacu
As of right now, I'm still looking for a long entrance in accordance to the rainbow. But price for me has to break above 1.4888 first. If it does, I'll be going long and taking profit at R2. Being tough to break, keep testing it but fails, perhaps it wants to go down as we're close to a psy level of 1.49.
First break was there, R2 touched (here at least @ 14899), 'nother one coming.
H4 been in OS for a while now, otherwise WR3 (1.4944) might be in the frame...

Edit: double top M5/M1....downdown?
  • #14,619
  • Oct 14, 2009 1:45am Oct 14, 2009 1:45am
Quoting cobraforex
double STR = iCustom(NULL, Main_TF, "THV4 Trix called",0,CandleToUse);
double STG = iCustom(NULL, Main_TF, "THV4 Trix called",1,CandleToUse);

double FTR = iCustom(NULL, Main_TF, "THV4 Trix called",2,CandleToUse);
double FTG = iCustom(NULL, Main_TF, "THV4 Trix called",3,CandleToUse);

double FastTRIX = iCustom(NULL, Main_TF, "THV4 Trix called",6,CandleToUse);
double SlowTRIX = iCustom(NULL,Main_TF, "THV4 Trix called",7,CandleToUse);

STR =Slow Trix Red
FTG = Fast Trix Green
thank you!!!
  • #14,620
  • Oct 14, 2009 2:08am Oct 14, 2009 2:08am
+10 on G/U

Waiting for a break of R2 on E/U

http://i288.photobucket.com/albums/l...ipes/gu2-2.jpg

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