THV system, final edition | Page 802 | 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

  • #16,021
  • Dec 6, 2009 1:05pm Dec 6, 2009 1:05pm
Thanks for the information.

Yes, I also use the M1 with THV settings for a better entry when the M5 gives a signal.
I also take a look at longer time frames to see what the overall trend may be.
I also use the THV news alert in case I forgot to check forexfactory for news ahead of time.
I am still learning, but this thread has helped me tremendously.

Thanks
Gene
  • #16,022
  • Edited 2:03pm Dec 6, 2009 1:37pm | Edited 2:03pm
Quoting Nobitacu
Hello Sailorx,

Just wanted to ask also how you decide your TP. I don't break up my lot size to take multiple TPs, I believe you mentioned you'll look for 1-3 TP targets. Since I only look for a single TP target, how do you go about that? I usually would just take TP at the next pivot level with M5 trades, but of course, sometimes while doing that, I'll miss out on a good run. Just wondering what you consider so to keep the trade in longer, since I see you don't exit your trades early if M5 fast trix changed to opposite color as an "emergency"...

My favorite cross pair is GBPUSD. On 5M chart, for my own experience (long experience) I prefer to exit as a first TP beetween 13 and 20 pips. More the trade seems good, more closer I am to 20 pips exit and vice versa... Also it depends from the nearest resistence/support, pivots, daily range, the hour of the day... for the second one I like try to get around 30-50... also with the same reasons. But this is for GBPUSD; for the other principal cross pairs I usually consider a less TP range.

I believe it could be a good idea to try to exit on THV4 HA, if one desires to undertake only one TP, and I would prefer the M5 HA..... but it is not something absolute.... In my opinion one have to know how usually behaves.... so to know how to set better the TP. I also believe that to have more possibilities to trade well it is better to use minimum 2 TP targets in general....
  • #16,023
  • Edited 2:29pm Dec 6, 2009 1:52pm | Edited 2:29pm
Quoting Nobitacu
Just wondering what you consider so to keep the trade in longer, since I see you don't exit your trades early if M5 fast trix changed to opposite color as an "emergency" exit. Do you look at the Daily Average ont he THV 4f Info to determine that then?

First signals around 8:00 GMT usually are good for consider a longer trade on GBPUSD, if the night range is small and we have a recent SMA cross. If after it, the PA invert direction in 1, 1.5 hours with a new SMA cross before 9:30-10:00 GMT, I usually consider an other possibility for a longer trade... You can see the examples of my posts over the conclusion of the daily GBPUSD session with my comments.


If you decide to follow a bigger trend, as for GBPUSD (70-120 pips for example), you may exit on THV4 HA on M15 but moving the stop, or moving the stop to the previous not included third bar (candle) min/max on m5/m15.....

Other good times for consider a longer trade could be around 13:30-15:00 GMT..... (GBPUSD)


This is my vision for now in relation with THV indicators.
  • #16,024
  • Dec 6, 2009 2:35pm Dec 6, 2009 2:35pm
Quoting cobraforex

Welcome Traders and Beginners.


I present and share a system which I compiled to MT4.


The original idea came from an experienced trader (since 1994) his name here in FF is Turhovach he has the age of 59 years (not too far away from me, lol).



I have absolutely no commercial interest on what is shown in this thread, we are here to help each other.



I found the THV setup very easy to observe and to...
Sir I could not open the attached Manual and Optional link, please can u send this in pdf. Thanks
  • #16,025
  • Dec 6, 2009 3:28pm Dec 6, 2009 3:28pm
I have just been talking with Stratman about his situation at FF

He has been blocked from this free section of FF, and moved to the Commercial section

He is receiving many PM's he would like to reply to, yet can not reply because of the block.

He is still reading all posts here on THV, and still wanting to contribute/give to the THV followers

He is presently deciding what to do about this situation, and will be in contact within the next few days

  • #16,026
  • Dec 6, 2009 4:48pm Dec 6, 2009 4:48pm
I do hope he will be unblocked soon, since he has been a huge help with THV. It's too bad really how this has turned out so far.
  • #16,027
  • Dec 6, 2009 4:56pm Dec 6, 2009 4:56pm
Quoting Sailorx
My favorite cross pair is GBPUSD. On 5M chart, for my own experience (long experience) I prefer to exit as a first TP beetween 13 and 20 pips. More the trade seems good, more closer I am to 20 pips exit and vice versa... Also it depends from the nearest resistence/support, pivots, daily range, the hour of the day... for the second one I like try to get around 30-50... also with the same reasons. But this is for GBPUSD; for the other principal cross pairs I usually consider a less TP range.

I believe it could be a good idea to try to exit on...
Thanks for the reply. I guess overall I'll just have to trade it to get a better hang of it. As for the HA indicator, I don't really like to use it actually. Mainly because the body/wick of the candle does not represent what the actual candle looks like. So if I'm not actually there watching the screen to see where the price actually closed for the candle, I might not see that the candle actually closed above/below a resistance/support line, so I might miss a signal or missed a certain candle formation. I don't have the screen space to have another chart out just to show the actual candle body/wick, since I don't like to have to keep switching between charts. To me, it's a hassle where I couldn't just sit back, relax, and watch the chart as it is developing, having to keep flipping back and fourth between charts at times.
  • #16,028
  • Dec 6, 2009 8:06pm Dec 6, 2009 8:06pm
I suggested Stratman that in case that he don't get unblocked, to open a new THV thread in the commercial area and we all get over there.

Let's see what he decides as he didn't get a response of Twee yet.

I didn't contact Twee till now as I want to know his respond to Stratman first because I think this is a missunderstanding like happened several times before.

Have a great trading week all.


Quoting Burton
I have just been talking with Stratman about his situation at FF

He has been blocked from this free section of FF, and moved to the Commercial section

He is receiving many PM's he would like to reply to, yet can not reply because of the block.

He is still reading all posts here on THV, and still wanting to contribute/give to the THV followers

He is presently deciding what to do about this situation, and will be in contact within the next few days

  • #16,029
  • Dec 6, 2009 8:10pm Dec 6, 2009 8:10pm
It's a very common issue in FF, I just tried it out and it worked without problem.

Please try downloading again.

Quoting D-TickTrader
Sir I could not open the attached Manual and Optional link, please can u send this in pdf. Thanks
  • #16,030
  • Dec 6, 2009 8:14pm Dec 6, 2009 8:14pm
Bring back Stratman!
I live in a pineapple under the sea.
  • #16,031
  • Dec 6, 2009 9:59pm Dec 6, 2009 9:59pm
Hello,

I was wondering if the THV3 trend indicator is still valid and can still be used in determining the trend on various timeframes. I basically need it to see the trend on the 4H charts or maybe 1 or 2 H charts.

I was also reading about the SSI Fast indicator, I couldn't really find any info on it and I was wondering if someone could point me in the right direction as to where I can read or download it from.

Is there any other suggestions someone could make for me in regards to the kind of indicator I'm looking for.

Appreciate it

Thanks in advance
  • #16,032
  • Dec 7, 2009 3:39am Dec 7, 2009 3:39am
  •  Megara
  • | Joined Sep 2009 | Status: MOMENTUM'S THE GODFATHER OF TRADING | 759 Posts
Quoting Burton
I have just been talking with Stratman about his situation at FF

He has been blocked from this free section of FF, and moved to the Commercial section

He is receiving many PM's he would like to reply to, yet can not reply because of the block.

He is still reading all posts here on THV, and still wanting to contribute/give to the THV followers

He is presently deciding what to do about this situation, and will be in contact within the next few days

Why my friend Stratman been blocked.I searched a few pages back and don't get the head and tail.
and by the way, who is Twee?
Shake it off!Lick the Wound,Prey Again!
  • #16,033
  • Dec 7, 2009 4:15am Dec 7, 2009 4:15am
sorry for the repetitiveness of the question. I also had problem in opening + downloading the new v4 manual on page one- could it be due to the php designation rather than the pdf - if so is there a place I should go to get php ability to open this document - looking forward to learning this wonderful system. thanks alot.
traderdp
  • #16,034
  • Dec 7, 2009 5:51am Dec 7, 2009 5:51am
I also have issues for downloading on FF when I do not use firefox, try with this browser instead. With Chrome for instance I download a 'attachment.php' instead of the file, whereas it works with firefox..
  • #16,035
  • Dec 7, 2009 6:05am Dec 7, 2009 6:05am
Hi Traders
I find it best to go up to the paper clip, upper right, and download from there. Sometimes I also get the PHP file instead of what I am trying to download. Just click the box to the left to ignore the image files and your list will be shorter.

Gene
  • #16,036
  • Dec 7, 2009 6:18am Dec 7, 2009 6:18am
Hi Sailorx,

I'm testing your strategy, and I wonder if I did something wrong in that entry.

Thanks

Attached Image (click to enlarge)
Click to Enlarge Name: wind.jpg Size: 119 KB
I am Brazilian and I never give up!
  • #16,037
  • Dec 7, 2009 7:11am Dec 7, 2009 7:11am
It seems to me that only thing what you did wrong is that you went in too late and perhaps you didnt watch the calendar about news coming.

Buy/sell stop order can solve the problem getting in too late, sometimes.
  • #16,038
  • Dec 7, 2009 8:41am Dec 7, 2009 8:41am
That's all I need...

Hello everyone...have not seen y'all in a while (missed everyone), I had to take a break from life to sort out some personal matters and put some work into a small project....just got back in to "town" and traded today, thought I would post the thoughts behind the reason to enter the trade I took...

The only trade for the day and thankfully it ran 50+ pips from my entry...

Considerations:

1.) PA was good distance (+150 pips) from the coral in the 15 min.
2.) Divergence in 15 min and bounce at MS3
3.) 1 Hr Bounce at the WS1 and Divergence
4.) 5 min divergence at the bounce for entry or the break of the T/L

Attached Image (click to enlarge)
Click to Enlarge Name: thv 4 - 1010.gif Size: 50 KB


Attached Image (click to enlarge)
Click to Enlarge Name: thv 4 - 1009.gif Size: 48 KB


Attached Image (click to enlarge)
Click to Enlarge Name: thv 4 - 1011.gif Size: 40 KB


There were so many reasons to enter on the 1 min I did not note them all....

Generally, if there is clear divergence on, for example, the 1 hr chart, and the distance from the coral is +150 pips in the 15 min, there's a pretty good chance that PA is over extended and due for a retrace....this one just happened to go +100 pips from the bounce...

Anyhow, I hope you all banked some pips today...
Deprive a man of everything and you give him nothing to lose.
  • #16,039
  • Dec 7, 2009 9:17am Dec 7, 2009 9:17am
Quoting windelevel
Hi Sailorx,

I'm testing your strategy, and I wonder if I did something wrong in that entry.

Thanks

Attachment

yes,you did
  • #16,040
  • Dec 7, 2009 9:46am Dec 7, 2009 9:46am
Quoting jaguarxj1
yes,you did

be more specific
I am Brazilian and I never give up!
6 traders viewing now