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THV system, final edition

  • #16,121
  • Edited 7:25am Dec 9, 2009 7:24am | Edited 7:25am
Quoting speculare
Hello

.....
Today curious to know if and how he managed o filter out the long at 10:35/10:40 GMT.
After the short around 6:30 i think this was the first trade possibility today.

cheers
L.

in 15 minutes was extreme overbought. They also had more than 80% of daily range done. He had 190 pips.
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  • #16,122
  • Dec 9, 2009 7:27am Dec 9, 2009 7:27am
Hi nobitacu, sorry to bother but i would like to check with you how do you place your SL.

Thanks cobraforex and member of THV for such a wonderful system.
  • #16,123
  • Dec 9, 2009 8:09am Dec 9, 2009 8:09am
Quoting Sotongz
Hi nobitacu, sorry to bother but i would like to check with you how do you place your SL.

Thanks cobraforex and member of THV for such a wonderful system.
I trade mostly on eur/usd. For M1 entrance, I use a standard SL of 15 pips, for M5 entrance, I use 20 pips for SL. For M5, it usually never hit my SL since if it goes against me, such as fast trix changing the opposite color, I exit, so usually with small lost if I do.
  • #16,124
  • Dec 9, 2009 8:18am Dec 9, 2009 8:18am
Well, got my first 10 pips for today on a eurusd M1 confirmation entrance. I entered at 1.4738, TP @1.4728, SL @I didn't have time to enter SL by the time it hit my TP lol. +10 pips within seconds, just the way I like it. However, I was going to change TP to MS1 because M5 also confirmed a minute after the M1, would have picked up another 10 pips doing that, but price already hit my 10 pips TP by the time I can change it lol. +10 pips so far now for NY.

By the way, since I am using the +10/-10 method on M5, I only enter M1 trade if price is outside of that range as well, and won't enter if price is still within that range. So this M1 trade was entered because all the rules met, and price was below the -10 dotted line on M5, and M5 fast trix has also turned red to help confirm my M1 entrance.
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  • #16,125
  • Dec 9, 2009 8:39am Dec 9, 2009 8:39am
Quoting macman
Quote:...
I echo your sentiments Macman.
  • #16,126
  • Dec 9, 2009 10:06am Dec 9, 2009 10:06am
join here as well
"The person who knows that enough is enough, will always have enough". .
  • #16,127
  • Edited 2:02pm Dec 9, 2009 12:47pm | Edited 2:02pm
Just to let you know, I might not post again for awhile. I'm going to be testing my own THV method for awhile, one with using Laguerre RSI and see how it goes. My rules will be the same as before, only that for M5 trades, I'll also use M15 trix to confirm my entrance like how I use the M5 trix to confirm my M1 entrances, also, my TP for both M1 and M5 entrances will be set at max 10 pips, unless a major pivot comes before it. You can see my chart setup from my screenshot below. I do want to stay to the core rules/ideas of THV, so I do like this setup better overall, and of course, I know how PA works better overall with this setup, therefore, my performance on this is better as I've been trading this way for awhile. I will still of course help out if anyone PMs me with questions. In the mean time, best wishes everyone!
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  • #16,128
  • Dec 9, 2009 1:09pm Dec 9, 2009 1:09pm
nob were going to miss your post, come back soon..

rebel
  • #16,129
  • Dec 9, 2009 1:31pm Dec 9, 2009 1:31pm
This was my approach on nowday gbpusd session.

When I talk about TP targets (pyramidal lots), I mean first around 13/20 pips, second 30/50, third between 70/120. I evaluate the day session to set the exacly TP. After the first TP is taken, I move the SL.

On the second lot unit, one can may exit also on M5 HA. For the third lot unit, other possible exits could be on 3rd revers bar, or m15 HA.
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  • #16,130
  • Dec 9, 2009 1:35pm Dec 9, 2009 1:35pm
I'll miss your quality posts but testing a new setup will keep you busy a while.

Btw: I have no problem with variations af THV trading when it comes from a trader with good reputation so you might want to let us know how things are going.

Quoting Nobitacu
Just to let you know, I might not post again for awhile. I'm going to be testing my own THV method for awhile, one with using Laguerre RSI and see how it goes.
  • #16,131
  • Dec 9, 2009 1:36pm Dec 9, 2009 1:36pm
Quoting lance-zhang
hi Sailorx, when i try ur method there's a problem. take today's PA as eg. bear cross showed up on GMT8:30, if we wait for candle open below -10 shift of SMA60, we will lose more than 30 pips. actually when the entry bar showed up the price hit 1.6128 or so. so do u entry after that or just wait for retrace and grab the second chance? thanks mate.

Yes it is true. But is a filter of the system. Using coral, cloud and trix, at the same time you had a good entry at the same time, with confirmation from m1, m5 and m15.

Today we miss 30 pips, but keep in mind it is a filter: better miss 30 pip than to lost them.


Today this system gave about 90 pips......
  • #16,132
  • Dec 9, 2009 1:41pm Dec 9, 2009 1:41pm
I planned an update of the trix indicator this week but I'm really too busy at the moment, also I need the help of Stratman in the coding and with the problem he has with FF, priorities went out of my hands.

I hope that we can have this updates before the end of the year, most are cosmetically as some traders like cigar wanted to have chance to switch the box in the main window off etc.

Stratman recoded the coral and some other stuff for less CPU usage but it's not finished neither.

So please be patient, thanks.
  • #16,133
  • Dec 9, 2009 1:42pm Dec 9, 2009 1:42pm
[quote=Badass_UA;3292965]Hello, Sailorx!

Looks like you are using Trix THV3, not the latest Trix THV4.
Why is that?
Thanks.

quote]


Yes on GBPUSD SMA60/SMA10, CLOUD MTF I use V3 TRIX because I feel more comfortable with it on that configuration on GBPUSD. Trix v3 has less changes of color in respect to Trix v4 in my opinion.

I use this set up ONLY for GBPUSD.


For the other cross pairs I use THV Coral with trix v4 and cloud mtf on m1, m5 and m15.
  • #16,134
  • Dec 9, 2009 1:55pm Dec 9, 2009 1:55pm
Quoting cobraforex
I planned an update of the trix indicator this week but I'm really too busy at the moment, also I need the help of Stratman in the coding and with the problem he has with FF, priorities went out of my hands.

I hope that we can have this updates before the end of the year, most are cosmetically as some traders like cigar wanted to have chance to switch the box in the main window off etc.

Stratman recoded the coral and some other stuff for less CPU usage but it's not finished neither.

So please be patient, thanks.
thanks for your hard work Cobra!
  • #16,135
  • Dec 9, 2009 1:55pm Dec 9, 2009 1:55pm
Here the "very discussed" short on GBPUSD around 6:15 GMT.


Perfect THV entry with confirmation on M15, M5, and M1. Coral above PA everywere, all' trixes are red and cloud mtf at 1, 5, 15, 30 and 60 TF are OK.
Attached Image (click to enlarge)
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  • #16,136
  • Dec 9, 2009 2:27pm Dec 9, 2009 2:27pm
Quoting cobraforex
I'll miss your quality posts but testing a new setup will keep you busy a while.

Btw: I have no problem with variations af THV trading when it comes from a trader with good reputation so you might want to let us know how things are going.
Thanks cobra and everyone ^^, never know, maybe I can't last not posting here haha, as it would be very tempting on joining in with the conversations that goes on in this thread, so we'll see haha. But I do need to test out some of the rules I have, such as if I should exit when M5 fast trix change color for M5 entrances, or only when the M15 fast trix changes. With my M1 entrances, I let my trade run until either my TP/SL is hit, or when the M5 trix tells me to exit, for example by changing to the opposite color, then I will exit my M1 trade with the closing of the M5 candle if the trix color stays changed.

The rules I've been using for my M1 trades has been more successful than how I've been trading the M5, that's why I thought of perhaps using the same rules with my M5 entrance trades so to see if the results/consistence can be duplicated somehow.

I really only need 2 winning +10 trades per session for a total of +20 pips to stay within my goals each week/month, so that's the strategy I'll be aiming for to maximize that chance for me (20 pips per day, 100 pips per week is a lot of pips per month ^^ especially when using scalping lot size, which are usually 5-10% risk per trade or more, notice I didn't say a lot of money, I said a lot of pips. After one trades for awhile, we don't see it as making money anymore when we trade, we see it as making pips, I'm sure you'll realize that as well later if you haven't yet, trust me, it really helps the psychological part of trading) I've realized that I really don't need to try chasing 20-50 pips per trade as then more rules/TF charts would need to be considered for each trade, a.k.a. more work haha. I always try to keep my method of trading as simple as possible, main reason why I was drawn to the THV ^^ It helps to keep me sane each day.

Again though, thanks alone cannot be enough to express what I've gained from Cobra and his team in the past month, my performances improved at least 2 fold since using the THV method as the core with my own. Best of all, this is all FREE! Wow... Unheard of for great methods such as the THV nowadays, as we've always been told, nothing is free in life, well... at least the THV is. ^^

Keep up the great work everyone and best wishes to all. I'll try to drop by every now and then, and will let you know the results of my test when it's concluded. =D
  • #16,137
  • Dec 9, 2009 2:27pm Dec 9, 2009 2:27pm
Quoting cobraforex
I planned an update of the trix indicator this week but I'm really too busy at the moment, also I need the help of Stratman in the coding and with the problem he has with FF, priorities went out of my hands.

I hope that we can have this updates before the end of the year, most are cosmetically as some traders like cigar wanted to have chance to switch the box in the main window off etc.

Stratman recoded the coral and some other stuff for less CPU usage but it's not finished neither.

So please be patient, thanks.
I can't wait cobra! Thanks again for all you and your team's hard work. ^^
  • #16,138
  • Dec 9, 2009 2:59pm Dec 9, 2009 2:59pm
Hi guys, here my Christmas gift for all the comunity.
It was an hard research.....

Take a look, you like it
Attached File(s)
File Type: pdf MARKET'S TIME SESSIONS.pdf   6 KB | 811 downloads
  • #16,139
  • Dec 9, 2009 5:21pm Dec 9, 2009 5:21pm
Hi to everyone,

I've been studying this method and completely taken by its accuracy. I have been looking at GBP/USD 1 hour and found great signals.

I would like to write an EA based on the 1 hour Cable chart using divergence as a signal so I can backtest. Does anyone know how I can code the divergence signals (green and red arrows) into an EA so I can test out various therories I have ...

I will share my findings as this is the nature of this thread.

Many thanks for all who reply.

Wilko
Attached Image (click to enlarge)
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  • #16,140
  • Dec 9, 2009 5:37pm Dec 9, 2009 5:37pm
It is already coded in the THV EA and you can tweak it very good as there are zillions of options thanks to one of the best EA coders around, xux99.

If you want to discuss about this you can sign up in my private board which is mainly made for developing or leave your thoughts in the EA thread found in Trading Discussions.

This thread I want to keep as only for manual trading.
Quoting Wilko

I would like to write an EA based on the 1 hour Cable chart using divergence as a signal so I can backtest. Does anyone know how I can code the divergence signals (green and red arrows) into an EA so I can test out various therories I have ...

I will share my findings as this is the nature of this thread.

Many thanks for all who reply.

Wilko
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