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THV system, final edition

  • #15,421
  • Nov 13, 2009 10:35am Nov 13, 2009 10:35am
Cobra,

What are the pairs that you use to work with using THV?
  • #15,422
  • Edited 11:15am Nov 13, 2009 10:37am | Edited 11:15am
Ok Guys

Please have a look at this trade, comments welcome please. Made 30 pips. GBPJPY, trade length 1 hour 15 mins.

All was looking good on M15 for a short. Consolidation just before, price was below cloud and Coral. Trix had crossed down and below zero. RSI was hard against the floor. Price had penetrated FPV so my target was MS1. On M5 chart I waited for a retrace...all Histo went red so I opened a position. Nice wide MA spread on rainbow. Stratman mini charts all showing downwards on H1, H4 & Daily.

I only use M5 for fine tuning entries, MS1 target confirmed on M15 as just after exit trix went green.

Could have got in maybe a candle earlier ?

Attached Image (click to enlarge)
Click to Enlarge Name: thv screen 2.jpg Size: 198 KB


Attached Image (click to enlarge)
Click to Enlarge Name: thv screen 1.jpg Size: 115 KB



cheers


ab1
  • #15,423
  • Nov 13, 2009 10:51am Nov 13, 2009 10:51am
Hello

Thanks all who helped develop THV system, and are kind enough to keep sharing their knowledge daily.

Read through all thread and have been trading the system with small lots with good results.

I have one first question if anyone could help...

on the 4 lights the system shows above price, what is the meaning of the first one (from left to right)?
i figured out the 3 other ones already, but this one i'm having a hard time with...

thanks in advance
rgds
L.
  • #15,424
  • Nov 13, 2009 10:52am Nov 13, 2009 10:52am
Quoting POSTiGA
Hello
I guess "1 thv4 mtf.tpl" is good

Thank you POSTiGA...

I'm glad to know you would like to help me...
I'm new user of THV V4
I'm just starting using it 2 days ago....maybe you want to give an advice?

Sorry if my English is bad...
Have a nice weekend..
  • #15,425
  • Nov 13, 2009 11:16am Nov 13, 2009 11:16am
Quoting Forexaccount
Cobra,

What are the pairs that you use to work with using THV?
If you are scalping, Eur/Usd gives you the lowest spread, therefore its the most suitable pair. Heard from some seniors here, the system was tested on Eur/Usd and Aud/Usd.
  • #15,426
  • Nov 13, 2009 11:20am Nov 13, 2009 11:20am
Hello Castlebrook,

I made an order that went wrong ...
I wonder if I did something wrong in that entry.

thanks

Attached Image (click to enlarge)
Click to Enlarge Name: castleM5.JPG Size: 305 KB
M5 | M1
Attached Image (click to enlarge)
Click to Enlarge Name: castleM1.JPG Size: 284 KB
I am Brazilian and I never give up!
  • #15,427
  • Edited 12:05pm Nov 13, 2009 12:02pm | Edited 12:05pm
Quoting windelevel
Hello Castlebrook,

I made an order that went wrong ...
I wonder if I did something wrong in that entry.

thanks

Attachment M5 | M1 Attachment
You must use your 15 min analysis chart to help you filter trades. Firstly I would not trade after 4 pm Friday. Friday is an erratic day.

However, onto your trade. The price had risen 70 pips in just 4, 15 min candles. This is strong long momentum and a bull flag had formed with the 1.4880 BN as strong support. (bounced off several times)
Add to this the daily range was low, only done 82 pips so with this strong upward momentum and more of daily range still to go the odds favoured a long trade.
A break of the day's high at 1.4906 (5.04pm) would have been a better trade going long. It is also London close and you get movement much of the time at London close. Wait at London close until it gives away the direction to trade.

In future wait for support to be broken. In this case 1.4880 needed to be breached lower to go short.
Finally if you do make a wrong trade, that is what your stop is for. Learn from it.

Hope that helps.
  • #15,428
  • Nov 13, 2009 12:03pm Nov 13, 2009 12:03pm
Quoting windelevel
Hello Castlebrook,

I made an order that went wrong ...
I wonder if I did something wrong in that entry.

thanks

Attachment M5 | M1 Attachment
I think M1 trix should be red as well for entry. In this case, the trix are still green. Therefore no entry.

Not sure if I am correct, just my guess.
  • #15,429
  • Nov 13, 2009 12:07pm Nov 13, 2009 12:07pm
Quoting dwhiteviper
Hi all

Can anybody pls correct me here. I have entered my position when the fast trix crosses the slow trix below zero level. PA is below coral and cloud.

What could be my mistake?

Thanks
Hi Castlebrook, can you comment on my losing trade too. All lights are red, trix are also red in a downward trend below zero level, however, price went up instead.

Thanks.
Attached Image
  • #15,430
  • Edited 1:09pm Nov 13, 2009 12:57pm | Edited 1:09pm
"I made an order that went wrong ...
I wonder if I did something wrong in that entry."



Just to pop my head in here and head out again....

I think I've mentioned this before. I thought I'll do a little refresher.

Scalping smaller TF's can be suicide. Not recommended for traders who aren't familiar with how price action works, I highly recommend trading the 15M charts and scalping pips. It's loads easier-- but have to remember not to be greedy. All my trade I enter on a 15M TF then scale down to a 5M to manage.

It's not that it failed to go through the DP--it was knocking at the door. That also was not a bull flag in the technical sense--it was a double bottom-- clearly showing signs of buying with volume on 15M chart. [When there is extreme volume to get to someplace, whether it be resistance or previous high/low-- be VERY cautious of an immediate price reversal] There was no lower low when it started to "knock at the door" Logic would conclude that if it rejected the previous swing low, and it's already at the previous swing high, then it'll more than likely go higher. All indicators were in that favor--including using the Trix as a Stoch for divergence-- 15 M Stoch had a lower low than the previous low area--but the previous low area was actually at a lower price. So, stoch trendline that goes lower and trendline on PA that goes higher is a bullish divergence
Now back to lurking..... as work resumes and I travel the country.

As Johnny Cash sang.. I've been everywhere man....
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: eu1.gif Size: 27 KB
--- Gone --- RIP 11/27/09
  • #15,431
  • Nov 13, 2009 12:59pm Nov 13, 2009 12:59pm
Quoting castlebrook
You must use your 15 min analysis chart to help you filter trades. Firstly I would not trade after 4 pm Friday. Friday is an erratic day.

However, onto your trade. The price had risen 70 pips in just 4, 15 min candles. This is strong long momentum and a bull flag had formed with the 1.4880 BN as strong support. (bounced off several times)
Add to this the daily range was low, only done 82 pips so with this strong upward momentum and more of daily range still to go the odds favoured a long trade.
A break of the day's high at 1.4906 (5.04pm) would...
Thank you for the tips...
I am Brazilian and I never give up!
  • #15,432
  • Nov 13, 2009 1:06pm Nov 13, 2009 1:06pm
Quoting speculare
Hello

on the 4 lights the system shows above price, what is the meaning of the first one (from left to right)?
i figured out the 3 other ones already, but this one i'm having a hard time with...
The same question, no answer has posted.
  • #15,433
  • Nov 13, 2009 1:34pm Nov 13, 2009 1:34pm
Hi all
Just wanna ask what is the last version of Trix?
There is alot of options on input !
Also How can i move the window on right of mult time frame to left
  • #15,434
  • Edited 2:20pm Nov 13, 2009 1:49pm | Edited 2:20pm
Quoting windelevel
Hello Castlebrook,

I made an order that went wrong ...
I wonder if I did something wrong in that entry.

thanks

Attachment M5 | M1 Attachment

How the Trix works:
revisited

I wrote a long "article" about this before.

Trix consists of 2 MA's like a Stochastic--one is a signal line, te other is what I call thehull line [like the coral so to speak]

Stochastics and the Trix have OB and OS levels, as well as the 0 line. Just becasue the trix line intersects with the ther doesn't necessarily mean a valid trade occurs.

I would never consider takeing a trade from OB/OS levels with a Trix on any TF lower than 15M

Best trades are when AT LEAST the signal line is above /below in relation to your trade [buy signal above/sell signal below] AND in regard to the 0 line.

Example [long trade]

Signal line above hull line and signal passes through 0- separation of lines shows impetus of movement.

Short is the opposite

Below is a good example of a short trade on 5M

After the cross, having the trix above or below is deemed [like a Stochastic] Bull and Bear territory.

1st example is an aggressive entry [ without the technicals of the movement]

Trix crossed from OB zone and 15M just turned Red. Entry into coral without waiting for pullback.

2nd entry safest. 2nd trix has nice separation of both lines and 1st trix turnedc color in our favor. Both lines for 15M below 0 so we know this is definite Bear area.

This with the knowledge PA is looking for the next S/R, BN, previous swing high/low, and knowing about the wave theory. --Normal PA consists of 2-3 waves in each cycle.
Attached Image (click to enlarge)
Click to Enlarge Name: uchf.gif Size: 27 KB
--- Gone --- RIP 11/27/09
  • #15,435
  • Nov 13, 2009 2:05pm Nov 13, 2009 2:05pm
Quoting dwhiteviper
Hi Castlebrook, can you comment on my losing trade too. All lights are red, trix are also red in a downward trend below zero level, however, price went up instead.

Thanks.
I think Irish Pips has answered this.
  • #15,436
  • Nov 13, 2009 9:14pm Nov 13, 2009 9:14pm
Quoting IrishPips
How the Trix works:
revisited

I wrote a long "article" about this before.

Trix consists of 2 MA's like a Stochastic--one is a signal line, te other is what I call thehull line [like the coral so to speak]

Stochastics and the Trix have OB and OS levels, as well as the...
That is an excellent explaination of how to read the trix and make a good entry into a trade, Appreciate it. Valuable tip.

thanks


ab1
  • #15,437
  • Nov 13, 2009 9:47pm Nov 13, 2009 9:47pm
how do i get the charts like the 1s in ur pic ?

the cloud and stuffs , i cant seem to find 1s like urs ?
  • #15,438
  • Nov 14, 2009 12:09am Nov 14, 2009 12:09am
Quoting castlebrook
I think Irish Pips has answered this.
Don't quite understand. All THV conditions are met, Trix are not in the OB or OS zone. Is it because M1 TF is used, therefore causing the trade to be risky?

Thanks
  • #15,439
  • Nov 14, 2009 12:16am Nov 14, 2009 12:16am
Thx a tonn Cobra for showing us a road of profit making,after few trades and tests I found that I am very much comfortable with version 3 than the latest version.I may be orthodox but thats how I am.Love it like anything so thanks again.
  • #15,440
  • Nov 14, 2009 2:45am Nov 14, 2009 2:45am
Approbation Cobra system . Cobra system works very well . Thank you

As we can see,you use 2 trading strategies/THV and PROfx/.From my experience,do not doing that.Choose one of them,make your rules and try to be succesfull in your trading.
Best wishes
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