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THV system, final edition

  • #15,101
  • Nov 3, 2009 2:54am Nov 3, 2009 2:54am
Stratman You will make some final version after testing the beta?
Working with Australian index future, it has strong correlation with the dow jones, I'm using thv to work, I had a good result.
  • #15,102
  • Nov 3, 2009 3:11am Nov 3, 2009 3:11am
How else are they going to squeeze that extra bit out of our trades on top of the spread to increase their profits.... Just one of those love hate relationships.

Quoting traderathome
CaveMan, tell Stratman it doesn't matter how fast and sophisticated our computers are.......our brokers are still going to delay the tics! (hehe).
  • #15,103
  • Nov 3, 2009 3:15am Nov 3, 2009 3:15am
We are at critical point
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  • #15,104
  • Nov 3, 2009 3:21am Nov 3, 2009 3:21am
What makes you think so? Based on the PF/AL you have drawn, it is a classic LONG with SL at the last pivot.

Your fib seems to be used in the reverse order in an uptrend but again many traders use it the way you do. My preferred way is to draw from previous low to high on an uptrend and look at retracements levels.

Cheers,
CaveMan

Quoting pipgame
We are at critical point
  • #15,105
  • Nov 3, 2009 6:51am Nov 3, 2009 6:51am
Quoting caveman
What makes you think so? Based on the PF/AL you have drawn, it is a classic LONG with SL at the last pivot.

Your fib seems to be used in the reverse order in an uptrend but again many traders use it the way you do. My preferred way is to draw from previous low to high on an uptrend and look at retracements levels.

Cheers,
CaveMan
Hello, CaveMan

Back from the dentist........ it was without pain

Yes, I agree with you about fibs. I usually draw them in your way, but in this case was 23% fib (reverse) and 50% fib (uptrend) almost the same. Sometimes is good to see what maybe other traders see.

So, PA brakes 50 fib and if also brake AL is very high probability for down move.

I actually trade 1M and 5M, with analyze on M15 and H1. H4 use in possible brake or bounce situations, like this one.

Here is refreshed chart with proper fibs and my expectations.

Cheers,

Pipgame
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  • #15,106
  • Nov 3, 2009 7:08am Nov 3, 2009 7:08am
Hi

Can anyone tell me please how to get Starmans Chart with Trendlines on and on Cobra's chart he has a MTF chart to view what the trix is doing in all time frames.

Many thanks



ab1
  • #15,107
  • Edited 7:52am Nov 3, 2009 7:27am | Edited 7:52am
Finally got my first profit for the day, my Buy hitting my TP target of 10 pips. 1 down, 3 to go. Entered on my M1 chart with all rules in place, plus my little extra rule to help filter out false entries. Entered @1.657, SL 15 pips, TP @1.4667, where I drew both vertical lines.
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  • #15,108
  • Nov 3, 2009 7:31am Nov 3, 2009 7:31am
Quoting Nobitacu
Finally got my first profit for the day, my Buy hitting my TP target of 10 pips. 1 down, 3 to go. Entered on my M1 chart with all rules in place, plus my little extra rule of my Laguerre RSI also crossing up above 20 to help filter out false entries. Entered @1.657, SL 15 pips, TP @1.4667, where I drew both vertical lines.
Hi

Interesting, can you post up that RSI please

Cheers

ab1
  • #15,109
  • Nov 3, 2009 7:48am Nov 3, 2009 7:48am
Quoting Nobitacu
Here you go, but I can't talk about how to use it here, due to respect to the THV team as it is not part of the THV. If you have any questions about it, PM me instead. But just by looking at my screenshot, I don't think you need further explanations about it. But if need to ask anything, use PM please, and not in this thread. ^^" I don't want to get in trouble.
No problem, I may have already done that for you..

Maybe best to remove it ? thanks Ive got it

ab1
  • #15,110
  • Nov 3, 2009 7:50am Nov 3, 2009 7:50am
Quoting ab1
No problem, I may have already done that for you..

Maybe best to remove it ? thanks Ive got it

ab1
Good, I've removed it now. =) Best wishes everyone this morning.
  • #15,111
  • Nov 3, 2009 8:31am Nov 3, 2009 8:31am
Quoting traderathome
CaveMan, tell Stratman it doesn't matter how fast and sophisticated our computers are.......our brokers are still going to delay the tics! (hehe).
hi t@a and hi cave, can i ask u with wich broker are u trading? have u ever try fxpro?
  • #15,112
  • Nov 3, 2009 9:13am Nov 3, 2009 9:13am
Hi Pipgame,

Basically, what I wanted you to see was that there was no confluence with the TL (neither Fib nor S/R) at the "critical point" you mentioned. So if you were considering a LONG then it is not a high probability trade IMHO.

PA went south not totally unexpected as there was no higher high on the previous run up.

P/s
I am commenting on your chart because you actually took the trouble to upload it.

Cheers,
CaveMan

Quoting pipgame
Yes, I agree with you about fibs. I usually draw them in your way, but in this case was 23% fib (reverse) and 50% fib (uptrend) almost the same. Sometimes is good to see what maybe other traders see.

So, PA brakes 50 fib and if also brake AL is very high probability for down move.
  • #15,113
  • Nov 3, 2009 9:14am Nov 3, 2009 9:14am
Nope. I use FXDD for trading M5 and IGMarkets for higher TF.

Quoting pattinatore
hi t@a and hi cave, can i ask u with wich broker are u trading? have u ever try fxpro?
  • #15,114
  • Nov 3, 2009 9:16am Nov 3, 2009 9:16am
I recently stumbled upon this thread and I must say it has been awesome and informative. I have started using the THV system this week as I found that it went along great with my old trading strategy but actually kept me out of some trades that previously would have turned into losers. I like to keep things simple so I only try and get 2 trades of 5 pips each a day. I aim to increase my account by 2.5% each trade. So 2 trades is 5% a day. I usually end up going 3 for 5 win to lose days a week but hoping I can get improve that with the THV system. So far this week I am 5 for 5 trading and getting my 5 pips. I only trade the eur/usd 1M and I have 5 rules of which every trade must meet at least 3 of. They are:
1. 6 Lights
2. Fast trix color of trade
3. Slow trix color of trade
4. Above or below cloud with trade
5. Coral color with trade

Seems to work pretty well for me so far. Here was this mornings trade. Anyway I have gone through almost all 1000+ pages of this forum (up in the 800s now) and I must say it's been great. A good community of helpful people that are willing to share their wisdom and hard work with others. Thanks Cobra and team.
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  • #15,115
  • Edited 10:18am Nov 3, 2009 9:41am | Edited 10:18am
Quoting caveman
Hi Pipgame,

Basically, what I wanted you to see was that there was no confluence with the TL (neither Fib nor S/R) at the "critical point" you mentioned. So if you were considering a LONG then it is not a high probability trade IMHO.

PA went south not totally unexpected as there was no higher high on the previous run up.

P/s
I am commenting on your chart because you actually took the trouble to upload it.

Cheers,
CaveMan
Hi,

ok, I see........

maybe my word "critical point" was not good, I should say "critical area between fib and TL"

Sorry for misunderstanding.

What do you mean with trouble to upload the chart?

be good

pipgame

edit: comments are always appreciated
  • #15,116
  • Nov 3, 2009 10:28am Nov 3, 2009 10:28am
Carson. Good job buddy, also nice to see some one read through the thread before asking questions.

All the best from Ireland

Rebel.
  • #15,117
  • Nov 3, 2009 11:03am Nov 3, 2009 11:03am
Thanks Rebel! Well got my second trade for the day done. Now time to spend with the family. It met 3 of the 5 rules I have. Fast and Slow Trix lines green and a candle closed above the cloud. Didn't hurt that this was about exactly the same setup as before where it was bouncing off the MS3 line. Loving this system so far and almost done my reading. Well at least this thread. Then I am moving on to some other threads that were recommended in this thread. Mainly the James16 one. Only 3000+ pages on that one. Should be done by next week hopefully ;p Such great reading all these posts though...don't wanna miss a thing.
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  • #15,118
  • Nov 3, 2009 11:33am Nov 3, 2009 11:33am
Can anyone tell me why trix is this way? How to fix this display problem?

Thanks
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  • #15,119
  • Nov 3, 2009 12:20pm Nov 3, 2009 12:20pm
Cobra, or any one with pattern knowledge, would this be an example of a bull flag,
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  • #15,120
  • Nov 3, 2009 3:05pm Nov 3, 2009 3:05pm
Quoting brunovedder
Can anyone tell me why trix is this way? How to fix this display problem?

Thanks
It is not a problem!

When goes red trix is in overbought zone, when goes green - oversold.

It is a signal to analyze trade in colour direction.
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