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THV system, final edition

  • #16,801
  • Jan 11, 2010 9:39pm Jan 11, 2010 9:39pm
Quoting rohule
Hi where can I download or what is the name of the indi below trix (red and blue lights)
Yo, Rohule... the 3 indicators below trix are respectively THV4 Trix MTF ( 2 of em) - and, THV4 Cloud MTF

Whereas the setting for THV4 Trix MTF are:

window1(THV4 Trix MTF ): 1M (fast), 5M (fast), 5M (slow), 15M (fast)
window2(THV4 Trix MTF): 15M (slow), 30M (fast), 30M (slow), 60M (fast)
Window3(THV4 Cloud MTF): 5m and 15m

i hope it helps cheers
  • #16,802
  • Edited 1:28am Jan 12, 2010 12:19am | Edited 1:28am
I havent been able to tweak coral alarm / alert to my advantage

simply editing the input:
from Alert_On to TRUE
won't do the trick

i need the alarm to blow when PA is testing the coral
whereas editing the input gives me very late - coral sell/buy signals, where price have gone much beyond

Thanks in advance
  • #16,803
  • Jan 12, 2010 1:30am Jan 12, 2010 1:30am
Made this entry about 24 hours ago (1.4487) on the H8 TF.
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd h8 thv 11jan10.gif Size: 18 KB
  • #16,804
  • Jan 12, 2010 3:53am Jan 12, 2010 3:53am
Quoting Nobitacu
Well, 12:30 PM EST is my closing shop time, looks like I won't get anything to confirm within the next 2 minutes, so I'll be calling it a day, met my session target of +20 pips today, so I'm happy, 2 trades, 2 wins, 1 missed winning trade lol, +20 pips.

Have a great rest of the day everyone with pips all around. ^^
Hi Nobitacu. Congrats for your 2 profit of the new year. Your avatar reminded me a popular Japanese cartoon when I was about 10 years old. I am from China and lurked in the thread several days. It sure is a great encouragement to hear your pips during my studying on THV 4.

Looking forward to learn more trading technique from you all friends and improve my poor english as a sideline.
  • #16,805
  • Jan 12, 2010 4:18am Jan 12, 2010 4:18am
STRATMAN'S POST:



I got 15 pips from this trade on EURJPY ... sorry no video as I'm in living room with my family.

Start on M15 analysis:
1) M15 Fractal Support broken which gave an alert window.
2) Next support is 133.00 (40 pips away).
3) stochastics pointing downwards.
4) M1-M15 thv all red.
5) M1-M15 fractal trend all red.

http://cdn.forexfactory.com/attachme...1&d=1263283874


Check M15, M5 and M1 THV
1) All rules met on M1-M5 (shown by all square lamps red)
2) Break of S1 (circle pointed to by arrow)

http://cdn.forexfactory.com/attachme...1&d=1263283874


Pull the trigger and trade .. proof I took the trade:
1) Stop set above the compass (18 pips)

http://cdn.forexfactory.com/attachme...5&d=1263283916


Exit based on thv chart
1) S2 support hit (yellow circle)
2) M1 small chart ready to reverse

http://cdn.forexfactory.com/attachme...1&d=1263283844


M15 Analysis
1) Bullish candle forming

http://cdn.forexfactory.com/attachme...1&d=1263283844
  • #16,806
  • Jan 12, 2010 5:39am Jan 12, 2010 5:39am
You're welcome!
Quoting adunk1
Thank you Miss Pips for the prompt reply, and both indicators. It sure helped to know that I needed the THV T3 Trix for it to work, and method of setting up for 1 TF, or 2TF ahead.

It was very helpful, and I certainly appreciate.
  • #16,807
  • Edited 7:54am Jan 12, 2010 5:48am | Edited 7:54am
1. Yes.
2. Yes, but coral and cloud, except divergence trades, then you don't need to wait for the coral
3. No. But the more extended price is (however you measure it - distance from coral or rainbow) the less good the chance of a sucessful trade. What I usually use to keep me out of bad trades is I don't take a trade if there was divergence against it on the prior peak/valley. Also bear in mind that price moves in waves. You only get so many waves (change in color) of the 1m trix per 5m change of color, so the ones closer to the 5m trix change in color are better than, say, the 5th one.

Quoting luxeave
Dear MissPips,
i have been an admirer of your relentless efforts on improving lotsa things in the thread.

Few quick questions, my understanding of 6 lamp rules, is
1. Wait for 6 lights, (2 must be from 1f 5f) means 4 could be from anywhere.
2. Take The trade as soon as price breaks coral to the direction of the lamp
3. If the the 6 lights present after the coral break - few candle(s) after, then the signal is 'stale' / late?

I will appreciate your enlightment thanks
Note: The chart is euro 1m, the histograms followed your setting.
  • #16,808
  • Jan 12, 2010 6:15am Jan 12, 2010 6:15am
DareXau, could you tell which indicators you use for having those information at the top left corner of your screen (clocks etc.). Thank you !
  • #16,809
  • Jan 12, 2010 6:18am Jan 12, 2010 6:18am
1) I hope so too :-)

2) You just need 6 points , 2 of which must be the 1m f and the 5m f (or for divergence trades, where divergence itself counts for 4, only the 1m f is mandatory.) The other four points can come from anywhere. Thereafter if you have 6 points, you enter if price is above/ below the coral and cloud (or just the cloud for divergence trades.) In addition do not take any trades where there was divergence against the trade on the prior peak valley, or you can see it forming currently.

3) Actually I have noticed that I have something that is not user friendly here. If you select mode 2 the light is green when the fast trix is above the slow trix and above zero, and red when the fast trix is below the slow trix and below zero. However, the fast trix could be green, but below the slow and below zero and the light would still show red.

However if you select mode1 and type 3 (which is also named classic) you get the same except the light is only green or red respectively if the fast trix is also green or red. That is it is green when the fast trix is above the slow and the fast trix is also green and red when fast trix is below the slow and the fast trix is also red.

So I should have given that a different name. In either case, this was not how I tested the system.

Therefore, If you are using mode2, you are no longer following the 6 point system as I tested it. It's up to you to test the results.

3) You're right, I forgot I added the alarm to mode 2. The message shows the current number of lights in the histo and the previous number one bar ago.

Quoting novice198
Hi MissPips,
1)...
  • #16,810
  • Jan 12, 2010 6:27am Jan 12, 2010 6:27am
Quoting holyshock
Hi Nobitacu. Congrats for your 2 profit of the new year. Your avatar reminded me a popular Japanese cartoon when I was about 10 years old. I am from China and lurked in the thread several days. It sure is a great encouragement to hear your pips during my studying on THV 4.

Looking forward to learn more trading technique from you all friends and improve my poor english as a sideline.
Hello, you are correct about my avatar haha. Well, we're glad you're here, stick around, I'm sure you'll be able to learn a lot of new things from everyone here.
  • #16,811
  • Jan 12, 2010 7:15am Jan 12, 2010 7:15am
Hi MissPips My Swissarmihisto4.6 have some ole, are this view correct ?

The setting :
window1(THV4 Trix MTF ): 1M (fast), 5M (fast), 5M (slow), 15M (fast) >> Mode 2
window2(THV4 Trix MTF): 15M (slow), 30M (fast), 30M (slow), 60M (fast) >> Mode 2
Window3(THV4 Cloud MTF): 5m and 15m

Thank's

Annarita

Quoting MissPips
1) I hope so too :-)

2ago.
Attached Image (click to enlarge)
Click to Enlarge Name: Miss.jpg Size: 57 KB
  • #16,812
  • Jan 12, 2010 7:17am Jan 12, 2010 7:17am
Quoting Sailorx
STRATMAN'S POST:

I got 15 pips from this trade on EURJPY ... sorry no video as I'm in living room with my family.

Start on M15 analysis:
1) M15 Fractal Support broken which gave an alert window.
2) Next support is 133.00 (40 pips away).
3) stochastics pointing downwards.
4) M1-M15 thv all red.
5) M1-M15 fractal trend all red.
That's very cool indicator. Could you please tell me where can I find it please?
  • #16,813
  • Jan 12, 2010 7:38am Jan 12, 2010 7:38am
Just a newbie question about the THV V4.
May I know what the 4 lights in THV Trix indicator are representing?

Thanks!
Attached Image (click to enlarge)
Click to Enlarge Name: THV4.JPG Size: 169 KB
  • #16,814
  • Jan 12, 2010 7:39am Jan 12, 2010 7:39am
Quoting wilson1668
Just a newbie question about the THV V4.
What are the meaning of the 4 lights in THV Trix indicator?

Thanks!
Red - Analyse Short
Green - Analyse Long
  • #16,815
  • Jan 12, 2010 7:59am Jan 12, 2010 7:59am
The eperiod type settings only work when mode is 1. Mode 2 sets everything to THVclassic as explained in my post above. The holes occur when the condition that fast trix is above slow trix and above zero or fast trix is below slow trix and below zero are not met. For example when fast trix is above slow trix but not above zero. There are not enough buffers to hold a third color (yellow) so I left it blank.

Quoting Annarita01
Hi MissPips My Swissarmihisto4.6 have some

ole, are this view correct ?

The setting :
window1(THV4 Trix MTF ): 1M (fast), 5M (fast), 5M (slow), 15M (fast) >> Mode 2
window2(THV4 Trix MTF): 15M (slow), 30M (fast), 30M (slow), 60M (fast) >> Mode 2
Window3(THV4 Cloud MTF): 5m and 15m

Thank's

Annarita
  • #16,816
  • Jan 12, 2010 8:14am Jan 12, 2010 8:14am
Quoting FormulaOneFa
Red - Analyse Short
Green - Analyse Long
Thanks for you reply!
But I should make my question much clearer, if like you say: Red=Short, Green=Long, then 1 light is enough.
So if use 4 light, should I say there should be at least 3 lights Red to confirm a analyse short trade. Or something else?

Regards
  • #16,817
  • Jan 12, 2010 8:35am Jan 12, 2010 8:35am
I apologize in advance for my ignorance, but I need an answer to a question concerning the four red/green indicators near the bottom right of screen. I have searched and searched, but the only reference to what they mean that I found, didn't appear to be correct.

Here is my understanding as to what they represent:
1) Don't know what the heck it means
2) R=MA below coral / G=MA above coral
3) R=MA below cloud / G=MA above cloud
4) Color of current Fast Trix

I've watched the first indicator on various time frames to try to see what happens when the color changes. I haven't been able to determine what causes the indicator to change color.

Any help would be appreciated.
.....avoiding the effects of randomness
  • #16,818
  • Jan 12, 2010 8:37am Jan 12, 2010 8:37am
1st is above/bellow coral on 5M TF, regardless of what the TF on your current chart is.
  • #16,819
  • Jan 12, 2010 8:42am Jan 12, 2010 8:42am
Miss Pips

How do we identify divergence? Fast trix vs price action?

Quoting MissPips
1) I hope so too :-)

2) You just need 6 points , 2 of which must be the 1m f and the 5m f (or for divergence trades, where divergence itself counts for 4,...
  • #16,820
  • Edited 9:05am Jan 12, 2010 8:45am | Edited 9:05am
Alright, I got my first trade for today finished. This one is a Euro M5 Buy confirmation trade. While on my chart, you saw the candle where I entered is actually is below the Coral, however, I can assure you that when I entered at the opening of this candle, price opened above the Coral and then went back down below it ^^", however, M15 coral was just crossed up, and I also check that chart to see it actually also confirmed for a Buy trade, so I was feeling pretty good about it overall, and with a little luck, it should go up and at least hit my target. This trade did ended up going up, winning and hitting my +10 pips TP.

Earlier, I also had a Euro M1 Buy that confirmed a little bit before this M5 confirmed trade, but I didn't enter because the Fast and Slow trix was already a bit far apart for me, so at that time, it was of higher risk trade for me, besides, a miss trade is always better than a bad trade since you don't lose anything, and new trades will always come to you again. Before that Euro Sell however, there was a Euro M1 Buy that was confirmed, but I missed that since I was reading up on the Economic news... =P Oh well, at least I caught one so far for +10 pips.

Euro M5 Buy confirmation Trade

Entrance @1.4488
TP @1.4498
SL @1.4468
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Euro M5 Buy Entrance.jpg Size: 154 KB
Click to Enlarge Name: Euro M5 Buy Result.jpg Size: 150 KB
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