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THV system, final edition

  • #16,701
  • Jan 8, 2010 6:56am Jan 8, 2010 6:56am
No. What is the alert message you get?

Quoting Emp
Sorry I am not sure but everything is by default from start.
Will this be useful? Thank you.
  • #16,702
  • Jan 8, 2010 7:11am Jan 8, 2010 7:11am
Has anyone considered creating a guide for the basic THV4 method that would explain what all the "bells 'n whistles" that appear on the screen represent? The manual spells out how to utilize the THV4 method, but doesn't really explain all the things we see on the template, or how we can change the template items.

I understand that many things have been touched upon in various posts, but searching for the answers isn't quite as easy as it would seem, especially when the question is being asked by a total newbie to the system.

I still have many things that puzzle me, and I've been working my way through the entire thread to try and stumble across the answers. I agree that everyone should read EVERY part of the thread, but it would still be very nice to have a guide that we could refer to for answers to the template questions.

Obviously, it would have to be compiled by someone who is well versed with the template, but it would be a big help and also would eliminate many of the questions that appear throughout the thread. Instead of answering the question posted, the person could be directed to the post (or sticky post) that contains the guide.

Maybe this is asking a lot, but it sure would be a big help to us all.

Thanks!
.....avoiding the effects of randomness
  • #16,703
  • Jan 8, 2010 8:45am Jan 8, 2010 8:45am
Quoting jmas49
Has anyone considered creating a guide for the basic THV4 method that would explain what all the "bells 'n whistles" that appear on the screen represent? The manual spells out how to utilize the THV4 method, but doesn't really explain all the things we see on the template, or how we can change the template items.

I understand that many things have been touched upon in various posts, but searching for the answers isn't quite as easy as it would seem, especially when the question is being asked by a total newbie to the system.

I still have many...


What do you believe you understood until now about the template and the method and which are the major questions or points where you have doubts?

What about your trading experiences in general?
  • #16,704
  • Jan 8, 2010 11:17am Jan 8, 2010 11:17am
Quoting MissPips
No. What is the alert message you get?
"THV4 Trix V1.0 USDJPY M5 SELL ALARM @ 2010.01.08 17:45"

However, the rules of THV are not met yet. Is it an error in my setting?
  • #16,705
  • Jan 8, 2010 12:22pm Jan 8, 2010 12:22pm
Quoting traderathome
EU and NFP:

Expressing an "accrued belief", I think at times like this most technicals are meaningless....
Correct but I would add that in the final analysis it is the fundamentals that count and that the technicals just represent the fundamentals after they have taken place.

PH.
  • #16,706
  • Jan 8, 2010 12:26pm Jan 8, 2010 12:26pm
Ok, that's just a message from the trix, which can alert you when the trix is o/b o/s, when there is a trix cross, when there is a zero cross and when the fast trix changes color. It doesn't alert you when the all the THV trade conditions are met. If you want an alert when the trade conditions are met, maybe the EA over in the EA thread can be set to give you one.

In any case, the alerts from the trix really mean 'analyze buy or sell'. It's still up to you to decide whether or not to take the trade based on your analysis.

Quoting Emp
"THV4 Trix V1.0 USDJPY M5 SELL ALARM @ 2010.01.08 17:45"

However, the rules of THV are not met yet. Is it an error in my setting?
  • #16,707
  • Jan 8, 2010 12:32pm Jan 8, 2010 12:32pm
Quoting MissPips
Ok, that's just a message from the trix, which can alert you when the trix is o/b o/s, when there is a trix cross, when there is a zero cross and when the fast trix changes color. It doesn't alert you when the all the THV trade conditions are met. If you want an alert when the trade conditions are met, maybe the EA over in the EA thread can be set to give you one.

In any case, the alerts from the trix really mean 'analyze buy or sell'. It's still up to you to decide whether or not to take the trade based on your analysis.
Understood very clearly that trading is a personal responsibility.
"zero cross" means when the trix touches the mid line?
  • #16,708
  • Jan 8, 2010 12:59pm Jan 8, 2010 12:59pm
I don't use that one myself so I'm not sure if it has to touch it or actually close above it.

Quoting Emp
Understood very clearly that trading is a personal responsibility.
"zero cross" means when the trix touches the mid line?
  • #16,709
  • Jan 8, 2010 1:13pm Jan 8, 2010 1:13pm
Smooth 100+ pips move with 1M coral guide and 5M support.

Someone caught that?

I didn't, still in vacation but trying to smell the market a bit.
Attached Image (click to enlarge)
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  • #16,710
  • Jan 8, 2010 1:40pm Jan 8, 2010 1:40pm
Quoting cobraforex
Smooth 100+ pips move with 1M coral guide and 5M support.

Someone caught that?

I didn't, still in vacation but trying to smell the market a bit.


I caught some pips on gbpusd same trend with an entry around 16:40 GMT.
  • #16,711
  • Jan 8, 2010 2:18pm Jan 8, 2010 2:18pm
Hi folks!

What time us the best for thv trading? I know us session is good but Asia session has good moves? Or which one?

Have a good time all!
passion and discipline
  • #16,712
  • Jan 8, 2010 2:19pm Jan 8, 2010 2:19pm
Quoting traco1
Hey Nob how long you been trading this system ? I had 1 good move today.
All in all, around 3-4 months now I believe, but my rules has been adjusted a few times within this period to what it is now.
  • #16,713
  • Edited Jan 9, 2010 4:29am Jan 8, 2010 2:25pm | Edited Jan 9, 2010 4:29am
Quoting yesbee1
Hi Nobitacu,
Do you often see correlation between EU and GU? Like do the trade set ups occur together and also win or loose together? Do you see this happening? Thank you.
There are often a pretty good correlation between the Euro and Cable, so once every few days I will get trades that will trigger together.
  • #16,714
  • Jan 8, 2010 2:28pm Jan 8, 2010 2:28pm
Quoting cobraforex
Smooth 100+ pips move with 1M coral guide and 5M support.

Someone caught that?

I didn't, still in vacation but trying to smell the market a bit.
I'm still on vacation as well, but will start trading again this Monday's NY session. ^^
  • #16,715
  • Jan 8, 2010 5:10pm Jan 8, 2010 5:10pm
Hi
I have been doing a lot of forward demo account testing using the THV strategy on the M5 time frame lately on the EURUSD pair and I was wondering if anyone else has used it on any other pairs?
Also, if you have, are you using the same strategy for all pairs.
Next week I am going to start doing some testing using the same setups on the following pairs and see what adjustments if any would need to be made to use the THV system on any of these pairs.
GBPUSD, EURUSD, USDCAD, USDCHF, USDJPY, AUDUSD, EURJPY
I am trying these as they generally have spreads of 5 or less, as I am trying to only scalp 10 pips from a trade I need to stick with the lowest spread I can find. If there are any others you think may make a good choice please let me know.
I will be using the following settings for the first round of tests.
TP = 10
SL = 20
For this first round of tests I will not set any special Start and Stop times so I can get an idea how The THV system works under the best and worst conditions. The conditions I will watch for durring this go around will be:
1) Cloud = M1, M5, M15, M30, M60 Above/Below, Long/Short.
2) TRIX M1 = Green/Green/Cross or Red/Red/Cross, Long/Short
3) TRIX M5 = Same as M1 TRIX
4) Coral H4 = Above/Below, Long/Short
5) Coral M1 = Above/Below, Long/Short
6) Trend M5 = 20EMA > 60EMA >CoralM5 for Long, opposite for Short.
All these must be met for a Buy or Sell.
Things that will be added in at a later date would be:
1) Start and Stop times
2) Support and Resistance
Any ideas are appreciated, wish me luck
Thanks
Gene
  • #16,716
  • Jan 8, 2010 5:38pm Jan 8, 2010 5:38pm
hI Gene, just a small question, if you're using this system to scalp.. which is what everybody is doing here... why do you need to have the coral above/below on H4 time frame, ?. I use 1-5-15 and that's all.. Anyway good luck with your trading..
Jean
  • #16,717
  • Jan 8, 2010 6:01pm Jan 8, 2010 6:01pm
Quoting cobraforex
Smooth 100+ pips move with 1M coral guide and 5M support.

Someone caught that?....
Not here.

Waiting for a good entry on the H8. It could be soon.
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd h8 thv 8jan10.gif Size: 15 KB
  • #16,718
  • Jan 8, 2010 9:31pm Jan 8, 2010 9:31pm
Quoting Nobitacu
All in all, around 3-4 months now I believe, but my rules has been adjusted a few times within this period to what it is now.
Hi Nobitacu

do you mind sharing your latest rules?

I am still testing the system via demo account, some of my trade are not successful, perhaps due to low volume.
My rules as follows:
1) Trix touches zero
2) Price above (long) or below (short) coral and cloud.
3) M1 and M5 must have same trix colour.
4) TP 10 pips, SL 20 pips.
5) H1 main trend line.
6) Not forgetting important SR and Pivot levels and also round numbers.

Pls comment if necessary. Thank you Sir.
  • #16,719
  • Edited 5:09am Jan 9, 2010 3:33am | Edited 5:09am
TzPivotsD_v3 is upgraded to TzPivotsD_v3.4, and the attached files are provided for charts with black or white backgrounds.

The most significant part of the upgrade relates to the correction of pivots lines bunching up when partial trading days are involved, and when multi day (vacation) gaps occur between trading days. This traditionally occurs over the X-Mas and New Years holidays, and we believe this problem to now be solved.
Attached File(s)
File Type: mq4 TzPivotsD_v3.4 (White).mq4   95 KB | 741 downloads
File Type: mq4 TzPivotsD_v3.4 (Black).mq4   95 KB | 897 downloads
  • #16,720
  • Jan 9, 2010 3:53am Jan 9, 2010 3:53am
Here is my temporary real trading result for THV system. use m1 and m5 for entry, and use other higher TF for trend ....and discipline MM of course.....

Thank you THV Team .....
Attached Image (click to enlarge)
Click to Enlarge Name: DetailedStatement.gif Size: 5 KB
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