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THV system, final edition

  • #14,881
  • Oct 23, 2009 8:06am Oct 23, 2009 8:06am
Quoting stratman
I entered short at the yellow line (now showing M1 as main chart).

Was this correct? Price action broke through Daily Pivot and is now in middle of pull back.



Attachment
Hey Strat I think that was a good trade, I dont think I would have waited for it to hit support but grabed a couple of pips.
Look at something long enough, you will eventually get it.
  • #14,882
  • Oct 23, 2009 8:21am Oct 23, 2009 8:21am
Quoting phlizzow
hi all..
i'm newbie here.. i have one problem.. what is the blue line function and how to enable it? sorry if this is a stupid question.. somehow it doesn't appear on my screen..
Is it one of the Ichimoku lines that where change to black to hide them?
  • #14,883
  • Oct 23, 2009 8:53am Oct 23, 2009 8:53am
Hi Stratman,

I couldn't agree more. As a matter of fact, no trading system can do without S/R and trend lines.

Just a small suggestion here to improve your S/R. Draw only the obvious ones. You seem to have quite a number of S/R lines on your M15 chart. I had only the top and bottom one if seen from the M15. Too many lines makes managing a position very difficult. Only the obvious ones especially those that has gone from S to R or R to S in the near past or those that has more than one touch from PA.

Attached my chart (M15 and H4) here for your reference. I only draw S/R off the H4 and D1. In my experience, I find them more reliable than those from lower TF. Since I am already using them for higher TF trades, I also use them for M5 with THV.

Cheers,
CaveMan

Quoting stratman
The summary of my last trade example is that THV must be used with good analysis of Support and Resistance.

I'm not an expert at analysis but getting better. As well as the channel that Cobra has on his chart, I show you here my SR lines ...

Attachment
Attached Image(s) (click to enlarge)
Click to Enlarge Name: eu.gif Size: 24 KB
Click to Enlarge Name: eu1.gif Size: 27 KB
  • #14,884
  • Oct 23, 2009 9:51am Oct 23, 2009 9:51am
The original version of THV used the Hull(Blue) and T3(Cyan)...
I think both were dropped about the time of the v2 release...anyway, neither are used in the current v4 release.
Quoting phlizzow
hi all..
i'm newbie here.. i have one problem.. what is the blue line function and how to enable it? sorry if this is a stupid question.. somehow it doesn't appear on my screen..
Listen to the whispers.... You may learn something
  • #14,885
  • Oct 23, 2009 11:23am Oct 23, 2009 11:23am
hi Caveman

would be so kind to share and post your trend meter in the chart if that is ok with you.

kind regards
  • #14,886
  • Oct 23, 2009 11:30am Oct 23, 2009 11:30am
Sorry Sir Cobra,

Fairylord couldn't extract the V4 zipped folder..

thanks for sharing
  • #14,887
  • Oct 23, 2009 1:00pm Oct 23, 2009 1:00pm
Hi Cobra and contributors,
Incredible system you all have here! Thank you all for your time and sharing!
My question is, is there a version of the trix indicator that is reduced down to the lines only to made a smaller file? When I put this on my platforms it maxs out my CPU. I have tried the previous versions and it still does the same. Have any of you had this problem? Thought I had a pretty good comp til I put this system on. I have turned everything off that I can and taken most all the other tools off. Any ideas?

Thanks for looking!

gever17
  • #14,888
  • Oct 23, 2009 1:35pm Oct 23, 2009 1:35pm
Hi Folks,
I need an indicator that automatically puts the round numbers (sweet spots) 00,20 50 and 80 on my charts. Maybe as a dotted line. Don't need alerts.

I have an indicator called "round number" but it only does 00.

Does this exist?

If not could someone code it please? It would be useful addition to pivots indicator.

Thanks,

Castlebrook
  • #14,889
  • Oct 23, 2009 1:46pm Oct 23, 2009 1:46pm
This should do the job:

http://www.forexfactory.com/attachme...02009%202:01am

Happy weekend all.

Quoting castlebrook
Hi Folks,
I need an indicator that automatically puts the round numbers (sweet spots) 00,20 50 and 80 on my charts. Maybe as a dotted line. Don't need alerts.

I have an indicator called "round number" but it only does 00.

Does this exist?

If not could someone code it please? It would be useful addition to pivots indicator.

Thanks,

Castlebrook
  • #14,890
  • Oct 23, 2009 2:19pm Oct 23, 2009 2:19pm
Try reducing the number of trix bars and divergence bars

Quoting gever17
Hi Cobra and contributors,
Incredible system you all have here! Thank you all for your time and sharing!
My question is, is there a version of the trix indicator that is reduced down to the lines only to made a smaller file? When I put this on my platforms it maxs out my CPU. I have tried the previous versions and it still does the same. Have any of you had this problem? Thought I had a pretty good comp til I put this system on. I have turned everything off that I can and taken most all the other tools off. Any ideas?

Thanks for looking!

gever17...
  • #14,891
  • Oct 23, 2009 2:23pm Oct 23, 2009 2:23pm
Quoting cobraforex
This should do the job:

http://www.forexfactory.com/attachme...02009%202:01am

Happy weekend all.

Thanks Cobra much appreciated. Good weekend to you too.
  • #14,892
  • Oct 23, 2009 3:12pm Oct 23, 2009 3:12pm
anyone here running thv4 on linux? i tried to test it but my mt4 crashes. i use ubuntu.
The things that we love tell us what we are Thanks Redsword11 and Tim Morge
  • #14,893
  • Oct 23, 2009 3:33pm Oct 23, 2009 3:33pm
Quoting Omega-Vi
Hello! How to create a working schedule? Or please Put your template.
Look at the calendar here at Forex Factory ... it has time and importance of news for all currencies. You will have seen what happened to GBPUSD?
  • #14,894
  • Oct 23, 2009 3:45pm Oct 23, 2009 3:45pm
Just noticed that someone has 'vouched' for me

Please don't see this as a sign that I'm a good trader ... I can only assume I got this for my programming skills

But ... I'm thankful that someone appreciates me
  • #14,895
  • Oct 23, 2009 4:45pm Oct 23, 2009 4:45pm
Quoting MissPips
Try reducing the number of trix bars and divergence bars
Thanks for the reply MissPips! I will give it a try. Hopefully it works. Really like the system if I can get it to work!
  • #14,896
  • Edited 7:07pm Oct 23, 2009 4:46pm | Edited 7:07pm
Quoting caveman
... Draw only the obvious ones. You seem to have quite a number of S/R lines on your M15 chart. I had only the top and bottom one if seen from the M15. Too many lines makes managing a position very difficult. Only the obvious ones especially those that has gone from S to R or R to S in the near past or those that has more than one touch from PA ...
Thanks heaps for your comments. Because I understand the importance of Support and Resistance to THV, I'm trying really hard to get it sorted. I know I'm over enthusiastic with the number of lines.

This is my usual approach:

1. Draw on Daily chart, and then more accurately on H4 zoomed out heaps.

2. Each day, my broker gives a list of important prices ie long term S/R. I check my own study and add any lines from their list that I'm missing. I've been using their info for a while now and they seem pretty accurate.

3. I draw the lines from 1 & 2 (above) in a thick width to differentiate them from any others I add in the next steps.

4. I zoom out the M15 and add any shorter term S/R that I see. These lines are done thinner than the others.

5. I also use the Round Numbers indicator which is the dashed lines shown in my picture.


Attached is an example. I only had the Price Action up to the point of my vertical yellow line ie prices to the left (EDIT: my S/R lines were added at the time of the vertical yellow line ie prices to the right occurred after my S/R lines were added.). I used steps 1-5 above. The thick yellow lines are to emphasize the step 1-3 lines. The blue are my extra step 4 lines.

I've circled all the points at which the S/R held to be true. Has anyone got any constructive comments?

Attached Image (click to enlarge)
Click to Enlarge Name: sr analysis.jpg Size: 166 KB
  • #14,897
  • Oct 23, 2009 5:07pm Oct 23, 2009 5:07pm
Quoting phlizzow
u think so? i think the ichimoku lines represent the cloud isn't it?
Yes I am correct if you open the properties you will see 3 lines that have there colour set to none, Ichimoko has the cloud of course but that is all that is used in this system.
  • #14,898
  • Oct 23, 2009 8:08pm Oct 23, 2009 8:08pm
Hi Guys
I was wondering if any one is having problems logging in their respective Mt4 accounts. Mine seems to have frozen since I went to bed last night. Running 3 demo's all frozen.
Cheers
Kaz
  • #14,899
  • Oct 23, 2009 9:09pm Oct 23, 2009 9:09pm
Quoting kaizasoze
Hi Guys
I was wondering if any one is having problems logging in their respective Mt4 accounts. Mine seems to have frozen since I went to bed last night. Running 3 demo's all frozen.
Cheers
Kaz

You can try deleting the MQLcache files from your MT4 folder[s]-- there's 3 of them to look for

1) MT4---> Experts

2) MT4--> Experts---> Indicators

3) MT4---> Experts----> Libraries

It's worked for me in the past--I hope it will work for you

Good luck
--- Gone --- RIP 11/27/09
  • #14,900
  • Oct 24, 2009 12:25am Oct 24, 2009 12:25am
Quoting IrishPips
You can try deleting the MQLcache files from your MT4 folder[s]-- there's 3 of them to look for

1) MT4---> Experts

2) MT4--> Experts---> Indicators

3) MT4---> Experts----> Libraries

It's worked for me in the past--I hope it will work for you

Good luck
Thanks man...problem was found..its saturday! I seem to have lost the sense of time off late completely..price bars running all inside my head. Well, i'll try to have this weekend off away from charts and trading in general.

Have a great weekend all

Cheers

Kaz
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