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THV system, final edition

  • #17,261
  • Jan 20, 2010 9:55am Jan 20, 2010 9:55am
Babypips gives a very good explanation of both regular and hidden divergence.

Hope it is helpful.

http://www.babypips.com/school/divergence_trading.html

Quoting rohule
hi all! do some one know the main diference between regular and hidden divergence? cos i can't figureout

thank you!
  • #17,262
  • Jan 20, 2010 10:23am Jan 20, 2010 10:23am
Quoting Nobitacu
Hello everyone,

Just wanted to add I haven't entered any trades the past few hours, mostly because M5 trix was showing flat and being bunched up together for the most part. I would have entered the last M1 sell that would have won since M5 trix spread out by then, but I missed that trade lol.
It's actually been very quiet for me the past couple days. Didn't see any safe valid entires that I felt comfortable taking so I've been sitting on my hands most of the time. Better to miss a few trades than to lose IMHO.
  • #17,263
  • Jan 20, 2010 10:27am Jan 20, 2010 10:27am
Hi there,

wanted to know whether you would trade a bounce off the S1 support with fast trix in highly oversold. With the trend and above coral but below cloud and not having crossed yet?

Long trix is still red and fast has just turned green...
I took this trade where little green arrow is and scored 10 pips... Luck or good trade?
[IMG]file:///C:/Program%20Files/FXCM%20MT4%20powered%20by%20BT/trade3.gif[/IMG]
@pawpaw1000 on Twitter
  • #17,264
  • Jan 20, 2010 10:27am Jan 20, 2010 10:27am
Quoting Emp
Babypips gives a very good explanation of both regular and hidden divergence.

Hope it is helpful.

http://www.babypips.com/school/divergence_trading.html

thank you EMP! it was handy!
have a good one!
passion and discipline
  • #17,265
  • Jan 20, 2010 10:29am Jan 20, 2010 10:29am
Quoting gmcl02
It's actually been very quiet for me the past couple days. Didn't see any safe valid entires that I felt comfortable taking so I've been sitting on my hands most of the time. Better to miss a few trades than to lose IMHO.
True to that, same here though, been only getting 1 trade per day the past few days, everything else for me is too risky to enter, same idea as yours, a missed trade is better than a losing trade.
  • #17,266
  • Jan 20, 2010 10:30am Jan 20, 2010 10:30am
Quoting rohule
thank you EMP! it was handy!
have a good one!
I uploaded a divergence cheat sheet here on this thread, you should be able to find it by using the files icon on the top right and hide all images. It is based off babypips as well, just I made it fit onto one page for easy print out to look at if needed.
  • #17,267
  • Jan 20, 2010 10:32am Jan 20, 2010 10:32am
There is also a cheat sheet called Divergence Cheat Sheet for convenience. Just click on the paper clip on at the top right corner and click on 'hide images'.

Quoting rohule
hi all! do some one know the main diference between regular and hidden divergence? cos i can't figureout

thank you!
  • #17,268
  • Jan 20, 2010 10:37am Jan 20, 2010 10:37am
heres the pick, took trade at little arrow... see previous post.

Good trade or no? hadnt crossed and below cloud but rest good. Made 10 pips...

Just couldnt resist the bounce from S1 and oversold fast trix!
Attached Image (click to enlarge)
Click to Enlarge Name: trade3.gif Size: 80 KB
@pawpaw1000 on Twitter
  • #17,269
  • Jan 20, 2010 10:54am Jan 20, 2010 10:54am
Quoting pawpaw1000
heres the pick, took trade at little arrow... see previous post.

Good trade or no? hadnt crossed and below cloud but rest good. Made 10 pips...

Just couldnt resist the bounce from S1 and oversold fast trix!
Even though it bounced off S1, it's still a risky trade, price hasn't gone above cloud and trix hasn't even crossed up yet if you entered at the arrow. Those arrows are not always correct, so you do need to draw the lines yourself to make sure that there is a divergence there. You can however keep testing, perhaps you'll find something here that works well, which time can only tell with more test trading done.
  • #17,270
  • Jan 20, 2010 11:01am Jan 20, 2010 11:01am
wow, how irritated am I! Made a couple of good trades, was up 20 pips and lost almost all of it on a trade where all the signal were good, ALL! aiaiaiai...

guess I still have a bit to learn. doubled up on my last one when it was hanging around at support I thought it would go back up, BIG MISTAKE!!!

AAAH! all todays work for nothing! I guess thats how you learn?

This is my Trades for today, Its a simulated account so dont worry I trade 0.5 lots and today I was just trying to edge between 3 - 10 pips per trade with a sl below support or about 15 pips...

Any suggestions? Ive added the last trade also, the candle before the red line. Had just crossed support also!!!!

[IMG]file:///C:/Program%20Files/FXCM%20MT4%20powered%20by%20BT/trade4.gif[/IMG][IMG]file:///C:/Program%20Files/FXCM%20MT4%20powered%20by%20BT/trade3.gif[/IMG]
Attached Image(s) (click to enlarge)
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@pawpaw1000 on Twitter
  • #17,271
  • Jan 20, 2010 11:27am Jan 20, 2010 11:27am
Quoting pawpaw1000
heres the pick, took trade at little arrow... see previous post.

Good trade or no? hadnt crossed and below cloud but rest good. Made 10 pips...

Just couldnt resist the bounce from S1 and oversold fast trix!
Your are trading the beast? GBP/JPY.
The pair itself is risky, this beast refused to be tamed, so be careful when using THV on this pair.
  • #17,272
  • Jan 20, 2010 11:35am Jan 20, 2010 11:35am
Well, I had Euro M1 buy confirmed, but i skipped it, just too much selling right now for euro I couldn't pull the trigger for any buys lol. I have a Cable trade open, so we'll see where this goes. Really don't like how the market is the past few days for me, it's been tough to trade effectively with more false signals than usual. Welcome to January I suppose lol.
  • #17,273
  • Jan 20, 2010 11:51am Jan 20, 2010 11:51am
Quoting Nobitacu
Well, I had Euro M1 buy confirmed, but i skipped it, just too much selling right now for euro I couldn't pull the trigger for any buys lol. I have a Cable trade open, so we'll see where this goes. Really don't like how the market is the past few days for me, it's been tough to trade effectively with more false signals than usual. Welcome to January I suppose lol.
You are referring to this cable trade? I did not enter this trade as I thought I saw a M1 green trix.
Attached Image (click to enlarge)
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  • #17,274
  • Edited 12:57pm Jan 20, 2010 11:56am | Edited 12:57pm
Quoting Emp
You are referring to this cable trade? I did not enter this trade as I thought I saw a M1 green trix.
Yup, it's a M5 trade, so nothing to do with M1, I only look at the next time frame up for confirmation, not lower. Eitherway, I'm really starting to hate trading in January all together lol.

The cable trade was closed with -4 pips after M15 fast trix has changed to opposite color, it missed my TP by 3 pips, tough day today.
  • #17,275
  • Jan 20, 2010 2:26pm Jan 20, 2010 2:26pm
Another good day, very similar to yesterday.
Once price breaks out the morning ranging, Just use MTF to enter at a good spot and ride that snake all the way down.

I think this is where screentime and discretion comes in. This isn't a 100% mechanical system, sometimes just because one of the "rules" hasn't been met, it doesn't mean it's not a good time to enter.
Attached Image (click to enlarge)
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  • #17,276
  • Jan 20, 2010 5:40pm Jan 20, 2010 5:40pm
Quoting Nobitacu
Thanks caveman, I thought you were the ones that programmed them. ^^" haha, oops.
The most important part of the TzPivotsD indcator is the "Tz" part.....the time shifting code that allows the "day TF" for the pivots calculations to be shifted in accordance with the time zone the user wants, instead of the time zone the user's platform server is located in.

While the Tz code worked well most of the time, it failed miserably over X-Mas and New Years holidays when there are partial trading days, and gaps between trading day stops and starts.

Caveman completely overhauled that Tz code so that it figures out every possible such situation and deals appropriately with it! That was a daunting task, which Caveman freely donated his time to accomplish in order that the indicator would be competant......in order to help others!

Without time shiting code the TzPivotsD indicator would be no better than any other standard pivots indicator. Just more elaborate. And without Caveman the Tz code would not be the perfection it now is!

My hat is off to Caveman!
  • #17,277
  • Jan 20, 2010 6:38pm Jan 20, 2010 6:38pm
Thanks T@H......

Quoting traderathome
My hat is off to Caveman!
  • #17,278
  • Jan 20, 2010 10:11pm Jan 20, 2010 10:11pm
Quoting traderathome
The most important part of the TzPivotsD indcator is the "Tz" part.....the time shifting code that allows the "day TF" for the pivots calculations to be shifted in accordance with the time zone the user wants, instead of the time zone the user's platform server is located in.

While the Tz code worked well most of the time, it failed miserably over X-Mas and New Years holidays when there are partial trading days, and gaps between trading day stops and starts.

Caveman completely overhauled that Tz code so that it figures out every possible...
Ah... I see, now it made sense haha. A big thanks to the both of you traderathome and caveman!
  • #17,279
  • Jan 21, 2010 1:59am Jan 21, 2010 1:59am
If fast trix is heavily oversold and the trend is bullish, could one use that as a buy? I'm leaning towards NO!
@pawpaw1000 on Twitter
  • #17,280
  • Jan 21, 2010 2:30am Jan 21, 2010 2:30am
2 trades I just took:

1st was short from 1.4093, good for 13 pips to S1.

Considerations:
1. Breach and retest of 100 pip price point
2. Breach and retest of M1 T/L
3. Breach of M5 & M15 T/L
4. M5 Trix had crossed and was pointing down
5. M1/M15 Trix was red and pointing down (no cross however).
6. M1 Fast & Slow Trix was below 0.

Questions to more experienced traders:
1. Is it important that we have Trix cross confirmation on M1 in all cases, even when there is a large number of criteria for entry, as above?
2. How important is the Trix cross above/below 0 for entries?
3. Is it best to limit trades to when there is divergence, or can we still trade with reasonably good expectancy without div?

2nd was the bounce from S1 after break of T/L north, exited on the touch of the coral, 8 pips.

Considerations:
1. Extremely tight SL (5 pips), target of the coral (good R/R)
2. The T/L was extremely well-respected before the break.
3. M1 Trix was Green (pointing up), Above 0, and crossed in right direction
4. M5 Trix was pointing up
5. Only just spotted this while looking back over the trade, but there was bullish divergence on M1, M15.

Questions to more experienced traders:
1. Would it be better to trade the bounce from S1 specifically - as in, to the pip, with an extremely tight SL? If so, should this only be done when bullish divergence exists? (and vice versa if attempting to trade the bounce from R1/R2 and so on).
2. Is there a greater likelihood of a bounce from different S/R pivot levels? i.e. Is it better to trade bounces from S2 than S1?
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