THV system, final edition | Page 746 | 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

  • #14,901
  • Oct 24, 2009 1:51am Oct 24, 2009 1:51am
Hi peeps!

sorry for interrupting, i am a newbie here

has anyone trade THV on higher timeframe H1 or H4 and is it successful?

(And is there an indicator to measure the strength of the candle or the strength of the next candle after the current candle in THV, when it's in a trend up or down. (meaning the candle is in full body up or down) )

Thank you, feedback is much appreciated.
  • #14,902
  • Edited 3:53am Oct 24, 2009 3:25am | Edited 3:53am
Thanks man...problem was found..its saturday! http://cdn.forexfactory.com/images/s...m/blushing.gifI 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

Kazhttp://cdn.forexfactory.com/images/s.../yim/happy.gif

This guy is hard core.. Your holding on too tight buddy...
  • #14,903
  • Oct 24, 2009 5:30am Oct 24, 2009 5:30am
Quoting kaizasoze
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

Kaz,

I'm up late (3:25AM) on Saturday getting caught up on this thread. I've been away for a couple of months now and was going through them and getting a bit weary... and then this note from you... hillarious! It's so funny because I've done exactly what you did on at least two occassions. So thank you for the laugh! It has taken me a long time to get my body adapted to the late hours.

Enjoy and get some rest!
Pipnosis "Mistakes are the portal of discovery." - James Joyce
  • #14,904
  • Edited 8:16am Oct 24, 2009 7:55am | Edited 8:16am
Hi guys. Is there any way to simply set the THV indicators to give me an alarm when only the following two conditions are met at the same time:

 

  1. Price crosses the cloud
  2. Fast and Slow Trix Cross

Trying this with the expert but its not working so I am coming back to basics and hoping that the indicators can help. Any help though will be appreciated.

Thanks.

  • #14,905
  • Oct 24, 2009 1:35pm Oct 24, 2009 1:35pm
cobra do you really think that for take the trade price should be under the cloud?
  • #14,906
  • Oct 24, 2009 2:17pm Oct 24, 2009 2:17pm
Quoting pattinatore
cobra do you really think that for take the trade price should be under the cloud?

While you asked this of Cobra-I though I might interject:

the THV cloud is a triplet of 3MA's-- when PA is sideways the cloud will be thin and PA volatile cloud will be puffy.

For those of you who are daring-- no you don't have to wait--- if you really think PA will turn at a known S/R-go ahead and pull the trigger.

I myself like waiting for the cloud and it shows strength/validity of the move. This is more helpful when PA is in what I call "no Man's Land"-- where it's not by a S/R and stuck in between.

This is not divergence trading, waiting for the cloud is trend trading.

Hope this helps.
--- Gone --- RIP 11/27/09
  • #14,907
  • Oct 24, 2009 3:45pm Oct 24, 2009 3:45pm
I'm not privy to the Trix numbers for coding, but I thought I might point out something a little odd.

Granted, the massive fall in such a short time is tough to show out on an indicator, and I can understand the first part of the momenum where it turns blue off the support line, but it fell for another 80 pips or so and the indicator is still showing a positive momentum.

I was wondering if this is just a way for it to try to "right" iteself for the numbers and to attempt to work out a smooth average again [notice how it's trying to hover around the 0 line]

Between the white lines on my chart I can understand the momentum--bounce between S3 and S2...it's between the red lines [vertical] that perplexes me [ perhaps the values were too extreme?]
Attached Image (click to enlarge)
Click to Enlarge Name: gu.gif Size: 57 KB
--- Gone --- RIP 11/27/09
  • #14,908
  • Oct 24, 2009 4:23pm Oct 24, 2009 4:23pm
This is caused by the auto-scaling nature of some indicators. I'll try my best to explain.

If you look at the scale of the indicator you will see that the massive drop caused a large oversold condition. This caused the total range of the indicator to be larger than normal.

MT4 looks at the indicator values that will be displayed (those bars on the screen) and paints the indicator such that the highest and lowest values are displayed.

After that large move, the range was so large that any new 'typical' values look really insignificant. Once the large move disappears off to the left, the scale will show typical values at a respectable height again.

Scroll your chart back to the left and you will see the 0.000 line moves up and down dependent on the indicator high/low values.

I hope this explanation isn't too confusing

Quoting IrishPips
I'm not privy to the Trix numbers for coding, but I thought I might point out something a little odd.

Granted, the massive fall in such a short time is tough to show out on an indicator, and I can understand the first part of the momenum where it turns blue off the support line, but it fell for another 80 pips or so and the indicator is still showing a positive momentum ... [ perhaps the values were too extreme?]
  • #14,909
  • Oct 25, 2009 12:01pm Oct 25, 2009 12:01pm
Quoting stratman
This is caused by the auto-scaling nature of some indicators. I'll try my best to explain.

If you look at the scale of the indicator you will see that the massive drop caused a large oversold condition. This caused the total range of the indicator to be larger than normal.

MT4 looks at the indicator values that will be displayed (those bars on the screen) and paints the indicator such that the highest and lowest values are displayed.

After that large move, the range was so large that any new 'typical' values look really insignificant. Once...

It's not too confusing--I kind of thought so--the modified TDI indicator I programmed sort of does the same thing with the "lookback" function in the code.

The huge impetus of the move with the slowing decent of the rest of the move made it look like the momentum was growing positive.

I wasn't sure if the Trix fell under this as well

Thanks Stratman

Just another reason why I don't like trading news--although weakness in the pair was seen 30 minutes before the news--- heavy buying into right before the plummet.

And it ended on a banker's number--- 00.
--- Gone --- RIP 11/27/09
  • #14,910
  • Oct 25, 2009 12:15pm Oct 25, 2009 12:15pm
Am I right,we will see.
Attached Image (click to enlarge)
Click to Enlarge Name: feu.gif Size: 41 KB
  • #14,911
  • Oct 25, 2009 4:22pm Oct 25, 2009 4:22pm
I can't stress enough that part of THV trading is good analysis of Support and Resistance. Even so, I haven't seen many charts posted showing correct analysis for newbies.

I've taken on board the comments from Caveman:

Quoting caveman
Just a small suggestion here to improve your S/R. Draw only the obvious ones.
I'm posting my analysis here to get some feed back ... I think comments on this would be appreciated by our newbies. Like I said before, I'm still learning this.

Can the more experienced of you comment on this markup of S/R ... is it on the right track ie too few/too many lines? lines in correct places etc?

Attached Image (click to enlarge)
Click to Enlarge Name: 20091026_analyse.gif Size: 32 KB
  • #14,912
  • Oct 25, 2009 5:03pm Oct 25, 2009 5:03pm
Quoting IrishPips
While you asked this of Cobra-I though I might interject:

the THV cloud is a triplet of 3MA's-- when PA is sideways the cloud will be thin and PA volatile cloud will be puffy.

For those of you who are daring-- no you don't have to wait--- if you really think PA will turn at a known S/R-go ahead and pull the trigger.

I myself like waiting for the cloud and it shows strength/validity of the move. This is more helpful when PA is in what I call "no Man's Land"-- where it's not by a S/R and stuck in between.

This is not divergence trading,...
glad to see your reply i used your 1' template for a long time
i often trade divergence at S&R point.. helped with volume indicators... sometime i follow the trend with Ftrix cross Strix at 0 level.. and in that trades from now i'll wach the cloud
  • #14,913
  • Oct 25, 2009 5:05pm Oct 25, 2009 5:05pm
Quoting stratman
I can't stress enough that part of THV trading is good analysis of Support and Resistance....
i like s&r, but i prefer daily and weekly pivot.. orizontal line like those are called 'phisical level'?
and waiting for more experiance traders if them are well drown
  • #14,914
  • Oct 25, 2009 9:38pm Oct 25, 2009 9:38pm
Quoting stratman
I can't stress enough that part of THV trading is good analysis of Support and Resistance. Even so, I haven't seen many charts posted showing correct analysis for newbies.

I've taken on board the comments from Caveman:



I'm posting my analysis here to get some feed back ... I think comments on this would be appreciated by our newbies. Like I said before, I'm still learning this.

Can the more experienced of you comment on this markup of S/R ... is it on the right track ie too few/too many lines? lines in correct places etc?

Attachment ...

First off, higher TF's rule out over small ones. You'll be wanting to draw your trendlines from the 30 or 1hr.

Then If you are a 5M or mintue scalper, take the same chart and draw just a basic upper and lower line for the current channel that has formed.

Now you're looking to trade from the channel from either at the top or at the bottom of the line for an entry--or you're looking or a break of the trendline[s].

15M is good for channel drawing.

A lot of factors come into play--and THV is based more on scalping than swing trading--- so one has to keep in mind the psych numbers, but more so than those are the Big Numbers- 00 and 50. As well as the fibs and S/R

So when you show a chart where price reacted, it was one of the above, or price action might test a previous known high/low. It's all a cat and mouse game really.

The higher TF trendlines help though-- it shows you where the PA will/should eventually go--the bad part is having a trade go bad on you and you look at the higher TF and realize you were smack dab in the middle of 2 trendlines-- the distance between them can be vast.

I myself don't draw a whole lot --I use DeMark and an auto-Gartley pattern drawer myself. Ratios between the swings can come onto play often-- which is where the Gartley patterns come in.

Sorry if this this was clear as mud, but hopefully some ideas might have clicked for you.
--- Gone --- RIP 11/27/09
  • #14,915
  • Oct 25, 2009 9:42pm Oct 25, 2009 9:42pm
Quoting pattinatore
glad to see your reply i used your 1' template for a long time
i often trade divergence at S&R point.. helped with volume indicators... sometime i follow the trend with Ftrix cross Strix at 0 level.. and in that trades from now i'll wach the cloud
Hi old friend.

I have done mediocre at best in divergence trading... I prefer to trade with the trend--although now-a-days it seems the trend can be about 40-50 pips before it takes off in the other direction, so I grab what I can and run like mad, LOL.

It should be noted that the THV Cloud has different settings than the regular Kinko-Hyo Cloud that also uses the Kijun and Tengan Sen lines.

Better settings.
--- Gone --- RIP 11/27/09
  • #14,916
  • Edited 10:17pm Oct 25, 2009 10:06pm | Edited 10:17pm
Having had some chicken wings to fuel my brain, the best way to draw trendlines are:

the lowest low/highest high of each swing-- then connect them. Usually defined by a doji/pinbar/hammer type of candle.

Keep in mind that if you keep the trendlines on your chart--if the PA flips over on you then the trendline that was your support more often than not becomes a resistance.[ and vice-versa]

I posted an hour chart of EJ [basic] with the trendlines I would draw on it.
Attached Image (click to enlarge)
Click to Enlarge Name: ej.gif Size: 39 KB
--- Gone --- RIP 11/27/09
  • #14,917
  • Oct 25, 2009 10:30pm Oct 25, 2009 10:30pm
thx to cobra and the team
KEEP IT SIMPLE PIPPING
  • #14,918
  • Oct 25, 2009 10:49pm Oct 25, 2009 10:49pm
ds
KEEP IT SIMPLE PIPPING
  • #14,919
  • Oct 25, 2009 10:52pm Oct 25, 2009 10:52pm
yeah
Attached File(s)
File Type: doc 7292239.doc   118 KB | 749 downloads
KEEP IT SIMPLE PIPPING
  • #14,920
  • Oct 26, 2009 3:13am Oct 26, 2009 3:13am
It is just a collection of MAs for different TFs, nothing special in them. If you want the MA values for each TF that I use, send me a PM. I won't be sharing it here as it is coded specifically for my own trading style on the M5.

Quoting billi-on-air
hi Caveman

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

kind regards
8 traders viewing now