THV system, final edition

How can you deterime the strenth of the move ?

Or maybe a close above the cloud ? because if you waited for a close above the coral the move would be over.

(Scrolling back on the charts)

I would not say thats classic THV, you know what I mean ?

Correct me if i'm wrong

If I'm trading off the M1 chart, all THV rules would still need to be met in order to enter on the M1 (same if you're trading off of M5), so that means price still needs to be above the coral and cloud on the main chart window to enter a Buy, so it's still classic THV rules we must follow for any entrance, if you look at all my charts, those two rules has always been met for my entrance. I do wait for the close of the candle to make sure that it does indeed close above the cloud/coral if that's what I'm waiting for, but then that means it'll be very close (within 2 candles) of the Trix and Laguerre signals. Usually it either all happens at the same time, or price is already above the cloud and coral and we're just waiting for the Trix and Laguerre to confirm, and then enter as it does with the next new candle, as we need to wait for the closing of the candle to confirm that those signals will stay as confirmed. Most of my entrances are all entered after the Trix crossed and Laguerre also showing new opposite dot color (within 2 candles of each other), with price already above the coral and cloud (if for buy signal).

All signals needs to be met/confirmed within 2 candles, otherwise, I don't take that trade and wait for the next movement with all signals confirm for entrance. It doesn't matter in which order the signals gets confirmed as long as they all do within close distance of each other (2-3 candles on M1 if based on M1 chart entrance, and within 2 candles on M5 if based on M5 chart entrance)

Yes, the trix I look for on the next higher time frame is just the Fast Trix for confirmation if that trix cross is still in the opposite direction of our position we want to enter. Meaning, we can enter the M1 confirmation trade even though the M5 trix is crossed to the opposite direction as long as the Fast Trix has changed its color back to the color of our direction we want to trade (green for long, red for short), because that means it's possible that on M5, the trend might be starting to reverse in our direction, so it'll be fine for us to enter that M1 confirmation trade. Again however, I don't enter on a trade if the higher time frame's Trix has just recently crossed in the opposite direction, or if it's in the overbought/sold zone against our position for long or short. It doesn't matter with the coral on the next higher time frame, I only look at the Trix in the next higher time frame for confirmation as explained in my rules post.

I hope that all make sense for you...

HAPPY NEW YEAR 2010!



Pipenjoyer

Happy New Year Everyone!

I was just introduced to THV System. And I am trying to download manuals and the recent version 4 but couldn't download either of them. Is there any problem with FF? Please tell me what I should do!

Happy New Year! And Happy Pipping!

As long as everything happens within 2-3 candles with the last candle closing above the cloud/coral.

I think I see that on your chart examples.

Yes, just as long as everything confirms within 2-3 candles of each other, it doesn't matter which indicator confirms first, or which one confirms last, as long as everything confirms within that, enter on the very second the next candle opens (I usually just watch my computer clock time, and enter as my computer clock changes, simply because MT4 sometimes lag few seconds before it shows a new candle has opened, and by the time you actually see that new candle, price already moved, so instead of actually waiting for that new candle to appear on MT4, I enter right away as my computer time changes to the new minute of that new candle, making sure I can get in at the price I want).

Nob take the reast of the day off... you are hard core.. best wishes to you for the new year..

Haha, thanks, will do! I just got back from a New Years dinner here in Japan, BBQ Steak!!! ^^ Good night everyone, and I wish everyone a great 2010 and beyond with lots of pips!

Nob thanks for clearing that up, I appreciate it.
I hate to be a pain. (bear with me guys)
But its to my understanding that we wait for the 2nd or 3rd candle to close above or below the coral right ? I mentioned before that your trades were always close to the coral.

So am I to understand that in a trending market when PA may be far away from the coral I will never receive a signal ? because the candles or PA would never cross the coral ?

But then if i'm looking for a trend that would not be considered scalping.

I just want to get the 10-15 pips you get per trade you know ?

Enjoy your vacation !!

Here are 2 interesting/helpful items I found

Pivot Point Calculator

http://www.mypivots.com/calculators/...alculator.aspx

Best Times to Trade - attached

I am impressed with the THV system that the Cobra Group has worked on and shared. Impressive work, very well grounded logic & techniques.

I understand nearly everything (I think) except for setting the Local and Designation time settings, referenced to GMT. The Local time is the time at my broker (InterBank FX in Utah, -7 to GMT), is that correct ?

And Designation is the difference as to when the Candle function starts, correct ?

If I want to allow trading thru all 3 sessions (Asian, European and US), what do I make these settings ? (and, is there a problem in doing that, that I'm not aware of ?)

Please poke at me with suggestions, or if I'm totally missing something (quite possible). Thanks & Good Trading.

No no no, you're over thinking when it comes to this, and it is never good to over think with trading, you're adding up too many of your own rules, just trade it as how I explained it on my post. I never mentioned that we need to wait 2-3 candles to close above the coral or cloud in order to enter, so I'm not even sure where you got that rule/idea from. I'm not sure where you got your idea of if PA is far away from the coral that you never receive a signal either, since I never said that.

Here's the thing everyone, you need to stop over thinking when it comes to trading, just trade as how it was explained and what you see on your chart, and quit confusing yourself, because once you do, you start making up rules that wasn't even written, or following the rules wrong, and confuse the hell out of yourself that you can't even trade effectively and will keep entering bad trades. Just remember, relax, think simple. If you have to think too much when you trade or over think, then you're going to lose in this market because you'll never have a straight non-confused mind to work with, you won't be able to see the clear picture of the market.

Anyways... I'll be on a trip now for the next 2 days without internet, so this will be my last reply until I get back...

First question: You can enter anytime within 2-3 candles if all signals confirm, if it all happens right after the closing of the first candle, enter then on the opening of the second candle. As I've mentioned before, it might not be the coral or cloud signal that comes last, it might have already confirmed first, and trix or Laguerre gets confirmed last. It doesn't matter which gets confirms first and which last, as long as everything gets confirmed, no matter in what order, you enter the trade, simple as that, don't over think and confuse yourself further.

Second question: A signal can happen anytime, doesn't matter if PA is far away from the coral or never cross it again, just enter as long as one confirms within the rules to enter, so just trade it as how it was explained and remember, calm down and think simple, or better yet, don't think, just follow the rules and you'll be fine. If we're in a trending market for Long, even if it stays above the coral and cloud, that just means those two signals are already confirmed for us, so we can still get trades to confirm for Long entrance when the Trix and Laguerre gets confirmed and enter as it is confirmed, exact same way of how we trade the THV system, no different in a trending or non-trending market, it's still the same rule we follow.

You might need to keep trading the THV's original rules and understand it better before you can start trading this method, since it's mostly the original rules and how it is traded that you're still confused with. ^^"

OK Nob, Thanks

Oh my god, now I saw that I wrote to you in Portuguese ... hahaha ...

Is because at the time I was very sleepy, then I realized I was not writing in Portuguese instead of English, sorry ...

But you speak Portuguese? How to understand what I had written? heheh ..

Thanks

Happy New Year !


It will be an EA based on version THV V4?
I think it’s better to make an up grade to THV V4 on the first page, when appears new ideas or some changes. Because it’s difficult to read all thread to find them, if appears something new.
In the future I hope to see the “born” of THV V5.

Thank you for all effort, I admire you !
Best regards,
Vasi