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THV system, final edition

  • #15,921
  • Dec 3, 2009 9:27am Dec 3, 2009 9:27am
Well, I got a EURUSD M5 sell confirmation, so entered @1.5081, TP @1.5071 and SL @1.5101. Price was moving very slow and couldn't get anywhere, best it got was +5, then started to retrace up a bit. While price is still below the cloud and coral, I decided to exit the trade early with a small lost due to the M5 fast trix changing to the opposite color, to be on the safe side pretty much as that's usually a sign of reversal, and to protect the winning trade pips I had earlier. I exited this trade with -4 pips, so overall today I'm at +6. Very slow day for me. I couldn't get any out of GBPUSD that I would feel 100% comfortable on entering. I guess I'm done for today, small profit be still profit nonetheless, now with my luck, price will now move down to hit where I had placed my TP lol. It's fine, it happens, or it could move up from here and would have hit my SL with a larger lost, never know.

Best wishes everyone, hope most of you also had some positive pips for this NY Session.
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd m5.jpg Size: 181 KB
  • #15,922
  • Edited 11:07am Dec 3, 2009 9:36am | Edited 11:07am
Quoting Nobitacu
Your setting is really looking more and more interesting day after day for the main chart. i really might start using your MA method instead of the coral, I really like what I'm seeing from your charts. So you really don't even consider the coral then since I see you're basing all your trades from your MAs instead of the coral, even though you do still have the coral on your chart? Not sure how well it'll work with Laguerre however. Have to really start looking into it and testing it out.

I believe Coral is a powerful indicator, in particular if you combine it well on more TFs.

I have not invented the use of the combination SMA 60 (shift +10, -10) and SMA 20 on GBPUSD m5 chart. I have payed some "famous" and "successful" italian traders to teach me how to make bugs by FOREX.
One of the things I "learned" from them was the use of those SMA's on GBPUSD in London session. They said me they use them.... After I realized that to have them on the chart could be useful.

I was impressed from the similarity of the coral and the SMA 60 position on the chart...... I use SMA60 and SMA 20, but sometimes I look also for the coral (so it is on my chart). I like to check my signals on M1 with it, instead of SMAs. I use those SMAs only on M5 chart.

I believe both in SMAs and Coral there is POWER; it depends from us to learn to be able to manage it in our favor.



Wish you tons of pips!!!!!!!
  • #15,923
  • Dec 3, 2009 9:38am Dec 3, 2009 9:38am
Quoting Sailorx
I belive that behind the ranges of the SL and also of the TP should be some good logic or reasons for each cross pair, otherwise it could be much more risky..... Too closer SL also is bad.

To set a very huge SL and hope that "in the future" PA will hit break even or TP is not a good buisness. In the beginnig I have done it on live account, for ignorance, presumption and the HIDDEN reason that I WAS NOT ABLE TO ACCEPT TO HAVE LOSSES. This unconscious impuls lead me to burn my real account very quickly.

I belive when you enter a trade, you...
Yup, as a trader, you really need to know when to accept loses. From experience, I never keep a losing trade running hoping it'll turn around to make profit, it usually never works that way. Last time I tried yet, when I first started out live, I had a trade go against up around -400 pips, simply because I didn't want to take that lost. Well, it did turn around where I got out at +100 pips profit, but it was only around 150 pips away from margin call, so you can say that I've learned a lot from that experience, not to mention the psychological effect and stress it placed on me throughout that 2 weeks, it's simply not worth going through all that. Now, I will exit trades if I don't feel that it'll have a good chance to win, even I have to take a early exit small lost, I'll take it, knowing that there will be many more trades in the future for me to place, and as long as I stay consistent, I'll be able to win back those pips.
  • #15,924
  • Dec 3, 2009 9:46am Dec 3, 2009 9:46am
Quoting Nobitacu
Well, I got a EURUSD M5 sell confirmation, so entered @1.5081, TP @1.5071 and SL @1.5101. Price was moving very slow and couldn't get anywhere, best it got was +5, then started to retrace up a bit. While price is still below the cloud and coral, I decided to exit the trade early with a small lost due to the M5 fast trix changing to the opposite color, to be on the safe side pretty much as that's usually a sign of reversal, and to protect the winning trade pips I had earlier. I exited this trade with -4 pips, so overall today I'm at +6. Very slow...
Seems that PA are heavily supported by the monthly support level at 1.5076, that causes price to bounced back after hitting that level. Once that level is breached (in time to come), it might fall to the next support level.

Just my 2 cents.
  • #15,925
  • Dec 3, 2009 9:51am Dec 3, 2009 9:51am
Quoting Nobitacu
Well, I got a EURUSD M5 sell confirmation, so entered @1.5081, TP @1.5071 and SL @1.5101. Price was moving very slow and couldn't get anywhere, best it got was +5, then started to retrace up a bit. While price is still below the cloud and coral, I decided to exit the trade early with a small lost due to the M5 fast trix changing to the opposite color, to be on the safe side pretty much as that's usually a sign of reversal, and to protect the winning trade pips I had earlier. I exited this trade with -4 pips, so overall today I'm at +6. Very slow...

I got the same trade as you and GBP/USD is very correlated took another trade same time same direction. THV is the best ever.
  • #15,926
  • Dec 3, 2009 9:59am Dec 3, 2009 9:59am
Hi -- Sorry but I'm relatively new to MT4 more of a Tradestation guy !!

I've downloaded and imported the templates & indicators Ok but the "Before you Start " screen is thwarting me. How do you " Go to THV4 properties and set 'Intro' to false to begin" If I right click on the screen I only get the properties panel to change the chart graphics. So how can I get passed this introduction ? Thanks Pirate
  • #15,927
  • Dec 3, 2009 10:11am Dec 3, 2009 10:11am
Quoting Forexaccount
I got the same trade as you and GBP/USD is very correlated took another trade same time same direction. THV is the best ever.
Best of luck with your trade. Might take awhile.
  • #15,928
  • Dec 3, 2009 10:21am Dec 3, 2009 10:21am
Quoting Bramhall17
Hi -- Sorry but I'm relatively new to MT4 more of a Tradestation guy !!

I've downloaded and imported the templates & indicators Ok but the "Before you Start " screen is thwarting me. How do you " Go to THV4 properties and set 'Intro' to false to begin" If I right click on the screen I only get the properties panel to change the chart graphics. So how can I get passed this introduction ? Thanks Pirate

1 - Right click on the chart. See the menu?
2 - Click on "Indicator List"
3 - Select THV4 Trix.
4 - Click on "Input"
4 - Scroll down to that variable "Intro"
5 - Set it to "False".

You are done
  • #15,929
  • Dec 3, 2009 10:32am Dec 3, 2009 10:32am
Quoting Sailorx
Here the chart
Could you post a template ?
Look at something long enough, you will eventually get it.
  • #15,930
  • Dec 3, 2009 10:58am Dec 3, 2009 10:58am
Quoting traco1
Could you post a template ?
Yes I can.

Here are all the indicators I use and the template. My ParamWorkTime is set from 6:45 GMT London time to 17:00 London time. You may use it or may not.
Attached File(s)
File Type: ex4 FPM i-ParamonWorkTime.ex4   5 KB | 684 downloads
File Type: tpl sailorx_gbpusd_m5_thvbasic.tpl   122 KB | 745 downloads
File Type: ex4 THV3 Trix v4.01 Div.ex4   30 KB | 721 downloads
File Type: ex4 THV4 TzPivotsD (Black).ex4   45 KB | 651 downloads
File Type: ex4 THV4 InfoPanel.ex4   23 KB | 761 downloads
File Type: ex4 THV4 HA .ex4   3 KB | 705 downloads
  • #15,931
  • Dec 3, 2009 11:51am Dec 3, 2009 11:51am
Hello,
Fisrt time I'll be using Sailorx SMA crossing technique, altough, my cross will be on the Coral.
Well see what happens...
Cheers...!
Attached Image (click to enlarge)
Click to Enlarge Name: USDCHF-M5-12.03.09.gif Size: 37 KB
That which does not kill me, makes me stronger.
  • #15,932
  • Dec 3, 2009 12:06pm Dec 3, 2009 12:06pm
Quoting stratman
Let's discuss that off-thread as it's not officially thv. I'm doing a video to explain how to set it up shortly. I'll pm you.

Right now I'm recording a live thv trade that I hope to post shortly ... give me a few minutes.
I just downloaded the dashboard from your site but it does not show up on my charts, some times it overlays with other indicator and it does not show any data. Could you please help me with that?
  • #15,933
  • Dec 3, 2009 12:20pm Dec 3, 2009 12:20pm
is there an auto trading expert advisor for this system? or do u have to trade it manually all the time?
When I buy it, it moves down. When I sell it, it moves up.
  • #15,934
  • Dec 3, 2009 12:47pm Dec 3, 2009 12:47pm
Hi Forexaccount -- Thanks for the help. I did as you suggested but when I try to edit the THV Vix I see the Intro set to True but when I click on it it just puts a blue band and does not let me change it to 'False'

What am I doing wrong ?!? Thanks Pirate
  • #15,935
  • Dec 3, 2009 12:59pm Dec 3, 2009 12:59pm
Quoting Investor7
Hello,
Fisrt time I'll be using Sailorx SMA crossing technique, altough, my cross will be on the Coral.
Well see what happens...
Cheers...!

Hi!


Just to say that I use the SMA 60 shift levels (+10, -10) to filter the entries, because I take a trade only if after the signal the PA opens below -10 level or above +10 level.

I trade GBPUSD from 6:45 GMT to 17:00 GMT.


Thank you for trying new set ups and wish U tons of pips!!
  • #15,936
  • Dec 3, 2009 1:13pm Dec 3, 2009 1:13pm
Hello,

I was wondering if anyone could help me out in finding the indicator I need. I'm basically looking for an indicator which shows the current trend direction on a particular timeframe ie. 4H. I just recently loaded up the THV trend indicator from version 3, as well as Trix V6.01, I was wondering if anyone had any alternatives to this, I know the slow trix gives a very good indication of the trend but I've been told that the trix repaints, the THV trend indicator seems to be very good but I just needed some input to this.

Thank You
  • #15,937
  • Dec 3, 2009 1:23pm Dec 3, 2009 1:23pm
I attached the chart of Investor7 idea for short trade on USDCHF with the SMA 60.


Have to say that I never experimented this set up on USDCHF. I mainly use it on GBPUSD and EURUSD during the london session.
Attached Image (click to enlarge)
Click to Enlarge Name: USDCHFinvestor7 idea.JPG Size: 174 KB
  • #15,938
  • Dec 3, 2009 2:15pm Dec 3, 2009 2:15pm
I just received this email from Stratman after asking him about when he would share his 3 mini lower window screen with us all.

"I might not be able to share that stuff now ... forex factory have blocked me ... could you mention this on the thread ie that I have been blocked and can't post any more."

cheers
stratman
  • #15,939
  • Dec 3, 2009 2:15pm Dec 3, 2009 2:15pm
Quoting Sailorx
I attached the chart of Investor7 idea for short trade on USDCHF with the SMA 60.


Have to say that I never experimented this set up on USDCHF. I mainly use it on GBPUSD and EURUSD during the london session.
Thanks for your response. I did'nt take into consideration the +10/-10 levels and those are the consecuences.
Fortunally, I closed the trade with "only" a -5 PL.
But I'm taking revenge on the AUDUSD 5M. I considered ur technique, againg, did not use the 10/10, but I will next time. So far I'm riding a +30 PP, coming near to its end.
Regards and thanks again...
Attached Image (click to enlarge)
Click to Enlarge Name: AUDUSD-M5-12.03.09.gif Size: 39 KB
That which does not kill me, makes me stronger.
  • #15,940
  • Dec 3, 2009 2:31pm Dec 3, 2009 2:31pm
Quoting Sailorx
Yes I can.

Here are all the indicators I use and the template. My ParamWorkTime is set from 6:45 GMT London time to 17:00 London time. You may use it or may not.
thank you for the files. I have a kind of similar system. I like the simplicity of it.
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