THV system, final edition | Page 785 | 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

  • #15,681
  • Edited 12:37am Nov 24, 2009 12:22am | Edited 12:37am
Your THV setup should line up with your M15 analysis (even look H4 and D1).

I posted (approx 9 hrs ago) about a perfect EJ setup ie M15, M5 and M1 THV rules were all met. I didn't take the trade because of my M15 analysis and divergence.

Check back a few posts to understand what I'm saying.

BIG NOTE: THV is a great system but you need to know the overall picture of Support and Resistance (also divergence)

hope this helps

cheers, statman

Quoting mordak
Ahhh okay thank you.

I'm doing Eur/USD + Aud/USD both on 5M frame, and I'm finding that after I get an entry signal, the movement has already happened and when I open position the trade is immediately reversing, I wonder what I'm doing incorrectly...
EDIT: I'm now back into the EURJPY (+29 pips in profit as I save this edit) and here's what I watched on my Analysis and why to stood aside until the optimum setup. IMHO Trick is to only trade the best setups

Attached Image (click to enlarge)
Click to Enlarge Name: ej_ana.gif Size: 69 KB
  • #15,682
  • Nov 24, 2009 12:44am Nov 24, 2009 12:44am
That was a good run. I pulled +33pips on EURJPY. Decided to get out near S1 (may run on .. but who cares when you can bank 33 pips!). Thats 53 pips for today and London hasn't opened yet

Check out the THV chart below and the analysis already posted. My GU trade (short) is sitting at Break Even ... it's struggling to break through MS1.

Quoting stratman
Your THV setup should line up with your M15 analysis (even look H4 and D1).

I posted (approx 9 hrs ago) about a perfect EJ setup ie M15, M5 and M1 THV rules were all met. I didn't take the trade because of my M15 analysis and divergence ...

EDIT: I'm now back into the EURJPY (+29 pips in profit as I save this edit) and here's what I watched on my Analysis and why to stood aside until the optimum setup. IMHO Trick is to only trade the best setups
Attached Image (click to enlarge)
Click to Enlarge Name: ej_thv.gif Size: 76 KB
  • #15,683
  • Nov 24, 2009 12:51am Nov 24, 2009 12:51am
EU just broke support (2 of), so just waiting for retest and then THV rules to setup for short? Remember to check for divergence first!

Attached Image (click to enlarge)
Click to Enlarge Name: eu_ana.gif Size: 41 KB
  • #15,684
  • Nov 24, 2009 1:00am Nov 24, 2009 1:00am
Quoting MissPips
Ok, it's option number 8 if I understood you correctly ( light on when fast trix changes to green and is above zero or to red and is below zero)

(Option 7, for any who like the TDI is TDI red above or below green and yellow and you need the attached TDI).
So fast done it! Many thanks!
  • #15,685
  • Nov 24, 2009 1:26am Nov 24, 2009 1:26am
Pips a plenty today

Just followed that break of support I mentioned and took another 16 pips. Now +69 for today. Haven't counted my GU trade yet ... it's sitting at +27 pips ... just need another 4 pips for a record of 100 pips for one day

Quoting stratman
EU just broke support (2 of), so just waiting for retest and then THV rules to setup for short? Remember to check for divergence first!
Attached Image (click to enlarge)
Click to Enlarge Name: eu_thv.gif Size: 36 KB
  • #15,686
  • Nov 24, 2009 1:35am Nov 24, 2009 1:35am
I ended my GU with 20 pips ... I could have ended up with 36 if I had been watching instead of writing on here

Never mind ... can't complain too much ... now at +89 pips for the day

Attached Image (click to enlarge)
Click to Enlarge Name: gu_thv.gif Size: 82 KB
  • #15,687
  • Nov 24, 2009 1:37am Nov 24, 2009 1:37am
BRAVO STRATMAN... i can see you are a very good trader... i pick my entries pretty well... but my exit are shockers... always too early.. cheers

JEAN
  • #15,688
  • Nov 24, 2009 1:40am Nov 24, 2009 1:40am
Well, I think it's time to wait for another setup. EU just hit my next support.

Attached Image (click to enlarge)
Click to Enlarge Name: eu ana.gif Size: 47 KB
  • #15,689
  • Nov 24, 2009 1:49am Nov 24, 2009 1:49am
2 other Reasons for caution:

1) News due
2) Today Tokyo and Hong Kong ranges have reached typical for month

Attached Image (click to enlarge)
Click to Enlarge Name: eu_dash.gif Size: 32 KB
  • #15,690
  • Nov 24, 2009 2:02am Nov 24, 2009 2:02am
While we're taking a break, thought I'd show what I discussed (earlier) a bit clearer ie THV is great but needs to be used in conjunction with good analysis. Here is a picture of my M15 chart zoomed out to H4 to show how useful it is.

My 16 pip thv trade (earlier) was supported by good Analysis. Please note that SR is not always the tops or bottoms ... what I mean is that its a place thats like a pivot for price action where price bounces.

It can be Horizontal or Trend (Horizontal usually being more important). I think this pic gets my point across?

EDIT: I'm going to stop now and head for bed. 9 pm here in NZ and I'm very tired from trading and programming my website. Probably good to stop while I'm so far ahead ie my target is 40 pips/day and did 89 pips.

Over and out ... stratman.

Attached Image (click to enlarge)
Click to Enlarge Name: eu sr.gif Size: 52 KB
  • #15,691
  • Nov 24, 2009 6:53am Nov 24, 2009 6:53am
Quote
BIG NOTE: THV is a great system but you need to know the overall picture of Support and Resistance (also divergence)
Quote
Look for the trix condition on higher time frames when a known 4H or daily S&R is hit.

Those are the best entries, if you trade just two of them in a session you're on the sunny side of this biz.
Great advice!!!

My biggest problem is knowing when to cut the losers off and let the winners run.
I live in a pineapple under the sea.
  • #15,692
  • Nov 24, 2009 7:08am Nov 24, 2009 7:08am
Hi Cobra! I Annarita from Italy on this perfect picture for my
trading work 1H, having to put the stop loss? Can you indicate that ?
I can understand.
Attached Image
  • #15,693
  • Edited Nov 25, 2009 4:02am Nov 24, 2009 9:00am | Edited Nov 25, 2009 4:02am
HELLO! Dear THV leaders and contributors,

Salute to all of you for making THV a great thread.

I'm a newbie, have learned some lessons of forex trading for a year partimely. Feeling not confident to trade manually still, I've been using EA(commercial one,not from THV) to run my account for a few months recently .But without good results.

FF is really a good source of forex trading knowledge,IMO. I've been browsing THV tread,studying and trying to apply it in demo. Yes! I feel confident now. THV gives me more pips.I'll apply it to real account soon.

I got a problem in viewing the pages on FF: quite often when I scroll downward,it stops moving in halfway,cannot reach the bottom of the page..so I miss a few posts unread..Could someone help me on this ? Thanks!

Hope you all get more pips and ENJOY them!

Best wishes,

Pipenjoyer.
  • #15,694
  • Nov 24, 2009 10:03am Nov 24, 2009 10:03am
A stop loss should be used to keep a possible losing trade as small as possible but we always should plan this point pretty well.

A SL should be large enough to let the trade perform well but short enough to protect our equity.

When a SL was touched it should be clear that the market whent defenately against us and not only a panic reaction.

A SL should be protected by a good S&R and it depends on the TF you trade how much pips you are allowing PA to go against you before you declare the trade as invalid.

In 1M trades I don't use fixed SL as it could get touched by a simple spike, I use a mental SL.

In this 15M example from today you see the entries (boxes) and SL (lime and red HLs).

Let's talk about the long trade from touch of S1, PA was rejected and a short entry triggered after a confirmed doji, etc.

The SL is protected by S1 and MS2 with a total of 30 pips about, a reasonable SL for 15M.

Almost the same happens on the short trade.

I hope that answers your post and the PM.


Quoting Annarita01
Hi Cobra! I Annarita from Italy on this perfect picture for my
trading work 1H, having to put the stop loss? Can you indicate that ?
I can understand.
Attached Image (click to enlarge)
Click to Enlarge Name: thv4 release73.jpg Size: 85 KB
  • #15,695
  • Nov 24, 2009 10:08am Nov 24, 2009 10:08am
If that happens push F5 on your PC and it will reload the page.

Quoting Pipenjoyer
I got a problem in viewing the pages on FF: quite often when I scroll downward,it stops moving halfway,cannot reach the bottom of the page..so I miss a few posts unread..Could someone help me on this ? Thanks!
  • #15,696
  • Nov 24, 2009 12:13pm Nov 24, 2009 12:13pm
Can anybody in the forum hint me on the optimal RAM (or/and CPU) requirement for THV V4? I had been having good feeling of the earlier version (THV V3) until I came across the THV V4 which I had just installed.

But on bringing it up on my MT4 charts, the trading platform wobbles and crawls despite the fact that I have 3GB RAM system, and AMD Core-Duo system. I even went further to exit some other application processes that are docked on the system tray, yet with no noticeable improvement.

I would appreciate if someone will tell me what I did not do right, or what I can do to enhance performance.

Thank you.
  • #15,697
  • Nov 24, 2009 3:52pm Nov 24, 2009 3:52pm
Quoting stratman

EDIT: I'm going to stop now and head for bed. 9 pm here in NZ and I'm very tired from trading and programming my website. Probably good to stop while I'm so far ahead ie my target is 40 pips/day and did 89 pips.

Over and out ... stratman.

Attachment
demo or live ?
  • #15,698
  • Nov 24, 2009 3:58pm Nov 24, 2009 3:58pm
I'm live

Quoting ForexTrader1
demo or live ?
  • #15,699
  • Nov 24, 2009 4:46pm Nov 24, 2009 4:46pm
Quoting Pipenjoyer
I got a problem in viewing the pages on FF: quite often when I scroll downward,it stops moving halfway,cannot reach the bottom of the page..so I miss a few posts unread..Could someone help me on this ? Thanks!
Press ctrl+F5 for refresh
It must come from a need!
  • #15,700
  • Nov 24, 2009 9:16pm Nov 24, 2009 9:16pm
My post was skipped over again, who can do me a favor please?

Hi, THV's users. I noticed there are 5 settings about the hour in indicators of THV system.

1.THV4 TzPivotsD(Black):there are two settings of hour in it("HrsServerTzFromGMT" and "HrsChoiceTzFromGMT").
2.THV4 TzPivotsMW(Black):there are two settings of hour in it("HrsServerTzFromGMT" and "HrsChoiceTzFromGMT").
3.THV4 TrixV1.0:there are one setting of hour in it("YourBroker_GMT_TimeZone").

For "HrsServerTzFromGMT" and "YourBroker_GMT_TimeZone", I think I know how to set them. For example, I use FXCM, and it's GMT+1, so I just input "1" into them. But for "HrsChoiceTzFromGMT", I'm confused by it, how to set it? Thanks in advance.
6 traders viewing now