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THV system, final edition

  • #15,321
  • Nov 11, 2009 3:37am Nov 11, 2009 3:37am
Quoting Megara
Many thanks for your reply because GMT setting affect PIVOT POINT.
I shall set GMT +1 or GMT +2 or leave as default? My broker is Alpari UK and I'm reside in Asia currently.
Current Asia time is 2:40 pm and I think London time is 9 hours less- 6.40AM
Oh! Good Morning
Please check your Market Watch time in MT4,
Exp: Alpari Uk time is 17:36 at this time & GMT 09:36
so you must enter 8 in Indicator setting,

Guys, if I'm wrong please correct me

Regard's
  • #15,322
  • Nov 11, 2009 4:12am Nov 11, 2009 4:12am
Quoting dwhiteviper
Sorry to ask a elementary question.

Fast trix refer to 1 min trix, reflected as the thinner line on the indicator?
Slow trix refer to 5 min trix, reflected as the broader line on the indicator?

Not quite. There is a fast and slow Trix on each timeframe. Slow Trix is usually the thicker line. So you have a fast Trix and slow Trix on 1 min chart and on 5 min.
  • #15,323
  • Edited 8:53am Nov 11, 2009 4:40am | Edited 8:53am
Someone has already shown the EUR/USD trade this morning so let's look at the cable. Things tend to happen in the markets around 7am-8am GMT.

1. Heads up on 5 min chart, 15 min cloud Histo (top) turns green about 7.22am. price is already through the 5 min Coral and 20 sma.
2. Price has bounced off the Daily Pivot and the BN of 1.6720. Some divergence here.
3. Switch to 1 min chart and stalk price. At 7.29am price pushes through 1 min Coral (already through 5 min Coral and sma). 1 min Coral is above 5 min Coral.
4. On 1 min chart both 1 min fast and slow Trix green and above zero. Now 5 min Trix also turned green.
5. Go long at 1.6728. Target 10 pips if scalping. Or MR1 at 1.6744 and BN at 1.6750.
6. Stop loss ideally under daily pivot at 1.6703. If you're scalping and want to be tight then place under BN at 1.6717.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: trade example cable29 part1(5)1.png Size: 31 KB
Click to Enlarge Name: trade example cable29 part2(1).png Size: 42 KB
  • #15,324
  • Nov 11, 2009 7:04am Nov 11, 2009 7:04am
Castlebrook, you say: "Heads up 15 min histo cloud turns green, but ... Is not that light from 5min instead of 15m? In my chart of 5m by default with cloud 15 & 30 that light is not that of 15m.
I do not know, just because of my bad English.

greetings.
  • #15,325
  • Nov 11, 2009 7:40am Nov 11, 2009 7:40am
Quoting castlebrook
Someone has already shown the EUR/USD trade this morning so let's look at the cable. Things tend to happen in the markets around 7am-8am GMT.

1. Heads up on 5 min chart, 15 min cloud Histo (top) turns green about 7.22am. price is already through the 5 min Coral and 20 sma.
2. Price has bounced off the Daily Pivot and the BN of 1.6720. Some divergence here.
3. Switch to 1 min chart and stalk price. At 7.29am price pushes through 1 min Coral (already through 5 min Coral and sma). 1 min Coral is above 5 min Coral.
4. On 1 min chart both 1 min fast...
Hi CastleBrook

Can you advice your stop loss determination? Thks. Standard 15 pips below entry price or as of last lower low price?

Cheers.
  • #15,326
  • Nov 11, 2009 8:12am Nov 11, 2009 8:12am
  •  Megara
  • | Joined Sep 2009 | Status: MOMENTUM'S THE GODFATHER OF TRADING | 759 Posts
Quoting POSTiGA
Please check your Market Watch time in MT4,
Exp: Alpari Uk time is 17:36 at this time & GMT 09:36
so you must enter 8 in Indicator setting,

Guys, if I'm wrong please correct me

Regard's
Now in Asia time is 10:05 pm. Alpari UK time 15:08
Now I set these both to 8.O.K?
Attached Image
Shake it off!Lick the Wound,Prey Again!
  • #15,327
  • Nov 11, 2009 8:55am Nov 11, 2009 8:55am
Quoting hansolini
Castlebrook, you say: "Heads up 15 min histo cloud turns green, but ... Is not that light from 5min instead of 15m? In my chart of 5m by default with cloud 15 & 30 that light is not that of 15m.
I do not know, just because of my bad English.

greetings.

This is very important and I mention this in the manual. I switch them around and make the TOP cloud histo the 15 min one. The second cloud is the 5 min. The heads up is coming from the 15 min cloud Histo and to make it easier for me to see I placed it on top. The template should do that automatically.
  • #15,328
  • Nov 11, 2009 8:56am Nov 11, 2009 8:56am
Quoting dwhiteviper
Hi CastleBrook

Can you advice your stop loss determination? Thks. Standard 15 pips below entry price or as of last lower low price?

Cheers.
Sorry I missed out the most important line in my haste to post!

6. Stop loss ideally under daily pivot at 1.6703. If you're scalping and want to be tight then place under BN at 1.6717.
  • #15,329
  • Nov 11, 2009 9:04am Nov 11, 2009 9:04am
Hi Castlebrook

Here is the 5M and 15M cloud alarm with sound, label and email.

Let me know if that is ok, like it's working.

Sorry for the delay
Attached File(s)
File Type: ex4 THV4 Cloud alarm.ex4   5 KB | 1,328 downloads
  • #15,330
  • Nov 11, 2009 9:21am Nov 11, 2009 9:21am
(sorry for my bad English)

as far as i know...

your local time has no importance,but you must know time of your broker,which you must reference in first option,but in second option you must indicate begin day in that hour belt in which you want to work

to example my broker Alpari(RU) GMT +1 and I trade on EU(London has a hour belt GMT),signifies in first option I indicate "1",but in second "0"

if I not rights,let anyone will correct me
  • #15,331
  • Nov 11, 2009 9:58am Nov 11, 2009 9:58am
Quoting dwhiteviper
You may wish to read "Steve trading plan", its a good reading for beginners. I am just starting out this wonderful THV system. Currently tested 4 trades and 3 are winning trades, with a 10 pips profit per trade.
Where can I find trading rules of NFS(Natural flow system). Steve's document mentions that NFS system is attached as appendix but does not include it as appendix. You may PM me if you do not want to post it on thv thread. Thanks in advance
  • #15,332
  • Nov 11, 2009 10:11am Nov 11, 2009 10:11am
Dear Cobraforex,

1)

Would you be able to deliver at least one template without received room for those stratmans minicharts. I have no use for them and they steal room from my charts too much as I need it for some additional work.

To put it another way, just Trix metatrader indicator including that price box.

2)

What´s the indicator in your website, it´s not in the THV packet.

Example charts attatched to clarify my questions.

Regards,

Kaori
Attached Image(s) (click to enlarge)
Click to Enlarge Name: forex factory.gif Size: 142 KB
Click to Enlarge Name: forex factory 1.gif Size: 219 KB
  • #15,333
  • Nov 11, 2009 10:50am Nov 11, 2009 10:50am
How can i close alarm for session close in THV4 Trix?
Thank you for answer.
  • #15,334
  • Nov 11, 2009 10:51am Nov 11, 2009 10:51am
Quoting cobraforex
Hi Castlebrook

Here is the 5M and 15M cloud alarm with sound, label and email.

Let me know if that is ok, like it's working.

Sorry for the delay

Thanks. I'll test in during next few days. No probs over delay we're all busy and feeding the kids has to come first!
  • #15,335
  • Nov 11, 2009 10:55am Nov 11, 2009 10:55am
Quoting kerty9
Where can I find trading rules of NFS(Natural flow system). Steve's document mentions that NFS system is attached as appendix but does not include it as appendix. You may PM me if you do not want to post it on thv thread. Thanks in advance

Sorry but NFS is my own strategy and not part of this thread. This is THV trading here and I can assure you all you need to know to make winning trades based on the THV system is in that Trading Plan.
  • #15,336
  • Nov 11, 2009 11:12am Nov 11, 2009 11:12am
Quoting Nobitacu
Ah, this trade when changed to my M5 trade rules, I closed with a small lost of 5 pips, however, if I would have stayed with my M1 trade rules, it would have got me +10 pips profit, hitting my target. ^^" But if the M5 entrance is good, it could bag you 20+ pips in one setting, so -3 to -10 pips risk for a 20+ or more potential pip gains, that's a pretty good risk/reward ratio to trade with for me. =)

You can PM me if you like for more information. I can't share with it here on this thread, because this thread is for discussing trading with...
hi nobitacu thankyou for your kind reply i have sent u a pm so kindly let me know how you work out with your pips
  • #15,337
  • Nov 11, 2009 12:09pm Nov 11, 2009 12:09pm
What a scalper’s paradise this morning before and after London close. When all other traders stand on the sidelines, scalpers come in and play.
GBP/USD bounced of “50” level and 200sma on 1h chart after running out of gas going down almost 250 pips. Trix on 5m, 15m and even on 1h were severely oversold and even THV RSI on 15m and 1h were at extreme lows. Plus The PA range was barely 10-15 pips, but THV V4 1m chart that’s all we need to take few very low risk trades…………

GBP/USD 100 B 1.65579 1.65596 1.7 17.00 11/11/09 12:21 11/11/09 12:27
GBP/USD 100 B 1.65614 1.65641 2.7 27.00 11/11/09 12:16 11/11/09 12:17
GBP/USD 100 B 1.65636 1.65683 4.7 47.00 11/11/09 12:09 11/11/09 12:10
GBP/USD 100 B 1.65629 1.65656 2.7 27.00 11/11/09 12:06 11/11/09 12:07
GBP/USD 100 B 1.65700 1.65692 -0.8 -8.0011/11/09 11:53 11/11/09 11:58
GBP/USD 100 B 1.65678 1.65703 2.5 25.00 11/11/09 11:49 11/11/09 11:51
GBP/USD 100 B 1.65619 1.65688 6.9 69.00 11/11/09 11:42 11/11/09 11:44
GBP/USD 100 B 1.65701 1.65709 0.8 8.00 11/11/09 11:30 11/11/09 11:39
GBP/USD 100 B 1.65605 1.65700 9.5 95.00 11/11/20 11:32 11/11/20 11:38
GBP/USD 200 B 1.65709 1.65737 2.8 56.00 11/11/20 11:13 11/11/09 11:23
GBP/USD 100 B 1.65633 1.65699 6.6 66.00 11/11/09 11:19 11/11/09 11:20
Total 1,200 40.1 401.00
Attached Image(s) (click to enlarge)
Click to Enlarge Name: thv 11-11-2009 1ma.jpg Size: 104 KB
Click to Enlarge Name: thv 11-11-2009a.jpg Size: 138 KB
  • #15,338
  • Nov 11, 2009 1:26pm Nov 11, 2009 1:26pm
Quoting enewbold
If all the required indicators are in V3 on the first page, then what do we need from the V4 package? The "THV V4 final.exe"? Thank you.
Thank you again.
  • #15,339
  • Nov 11, 2009 2:46pm Nov 11, 2009 2:46pm
Hello Castlebrook...,
come together the way they operate a few days.

I'm thinking that you are getting confused in analyzing the indicator "Histo Cloud" ... I think you are reversing the position of an M5 with the M15.

In this last picture (TF M5) you posted, I added the indicator "Ichimoku", it can see that the M15 on display "THV Clound MTF" is the second line, not first as you think it is.

Sorry my bad English ... I hope you understand what I mean.

Your Image:
Attached Image (click to enlarge)
Click to Enlarge Name: trade example cable29 part1(5)1.png Size: 31 KB



My Image:
Attached Image (click to enlarge)
Click to Enlarge Name: windelevel.jpg Size: 116 KB
I am Brazilian and I never give up!
  • #15,340
  • Nov 11, 2009 2:59pm Nov 11, 2009 2:59pm
Quoting windelevel
Hello Castlebrook...,
come together the way they operate a few days.

I'm thinking that you are getting confused in analyzing the indicator "Histo Cloud" ... I think you are reversing the position of an M5 with the M15.

In this last picture (TF M5) you posted, I added the indicator "Ichimoku", it can see that the M15 on display "THV Clound MTF" is the second line, not first as you think it is.

Sorry my bad English ... I hope you understand what I mean.

Your Image:
Attachment


[color=Red][b]My...
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