I am trying to learn this new system...
Can you clarify that I must open the THVv4 Template on M1 M5 M15 and H1 Charts at the same time??
Can you clarify that I must open the THVv4 Template on M1 M5 M15 and H1 Charts at the same time??
- #18,104
- Mar 22, 2010 9:23am Mar 22, 2010 9:23am
- Joined Oct 2008 | Status: Let the market come to you | 2,670 Posts
- #18,106
- Mar 22, 2010 10:34am Mar 22, 2010 10:34am
- Joined Jul 2008 | Status: #welcomebackGator | 2,418 Posts
- #18,108
- Mar 22, 2010 12:00pm Mar 22, 2010 12:00pm
- Joined Oct 2008 | Status: Let the market come to you | 2,670 Posts
At this time I jsut want to introduce myself and say a few things about this amazing thing Cobra has done. I"ve been trading for over a decade and now trade for a living. I have never had the inkling to joing trading forums before...until now. I really can't explain what caught my eye on this particular thread. Not really sure why I gravitated to it. Initially I think it was a combination of the personalities and the beauty of the system. After a while, like all forums/threads I suppose, the THV thread took on a life of its own.
After spending the last 3 days reading through the posts (it was as compelling as any good novel!) I felt like I know some of the traders very well. So well infact that it is actually sad for me to see that some of the early contributors slowly drifted away.
BUt it is heart warming to see that Cobra, Traderathome and tradewell are still here. I haven't even installed the system yet. I will but I am the type, after having traded for so long, having experienced so much, not all good, that I must in my own mind a) determine that it is very, very compelling and b) I must know it inside/out before ever attempting a trade.
It must be compelling because, as I mentioned. I trade for a living and I can tell you from my early years, about 7 of them until I "got it" that once you settle on a system that works and "jives" with you - it is the greatest feeling in the world and you can virtually stamp your own money.
I must know it inside/out because, frankly, I havent' changed my system or trading style much lately because I haven't needed to. For what it's worth, I take home several hundre pips each month. THat may not sound like a whole lot to those that are newer. But when you KNOW that you will take home 200-500 pips EVERY single month you a) no longer fear the market and b) know that you can become and WILL become very, very finanically secure via consistency, confidence and the beauty of compounding.
Well I didnt' mean to write a dissertation first time out. What I also wanted to do, more so than introducing myself, and no words will do it adequately, compliment Cobra and the gang on this wonder thing they have created here. It's one thing to start something but these folks have been here year after year now. The system cleary has evolved over time but seems to hold true to its original virtues - simplicity and clarity.
Cobra, you simply have done a wonderful job here. It must be very rewarding for you to help so many. Traderathome and tradewell, you folks are still here and taking pips from the market. My hats off to you.
I simply am in awe of what you all have done here. I am digesting everything and will be testing things out shortly here.
Just so you know, I"ve never been a scalper/short-term trader. I trade exclusively using the daily chart. I do not get up for the London session. I haven't in years. But this forum and its members have convinced me that it may well be worth my while. If nothing else, to associate and communicate with the likes of those I"ve mentioned. That would be humbing and priceless.
My best to all and may many pips find there way to your piggy bank
s.
Darth
After spending the last 3 days reading through the posts (it was as compelling as any good novel!) I felt like I know some of the traders very well. So well infact that it is actually sad for me to see that some of the early contributors slowly drifted away.
BUt it is heart warming to see that Cobra, Traderathome and tradewell are still here. I haven't even installed the system yet. I will but I am the type, after having traded for so long, having experienced so much, not all good, that I must in my own mind a) determine that it is very, very compelling and b) I must know it inside/out before ever attempting a trade.
It must be compelling because, as I mentioned. I trade for a living and I can tell you from my early years, about 7 of them until I "got it" that once you settle on a system that works and "jives" with you - it is the greatest feeling in the world and you can virtually stamp your own money.
I must know it inside/out because, frankly, I havent' changed my system or trading style much lately because I haven't needed to. For what it's worth, I take home several hundre pips each month. THat may not sound like a whole lot to those that are newer. But when you KNOW that you will take home 200-500 pips EVERY single month you a) no longer fear the market and b) know that you can become and WILL become very, very finanically secure via consistency, confidence and the beauty of compounding.
Well I didnt' mean to write a dissertation first time out. What I also wanted to do, more so than introducing myself, and no words will do it adequately, compliment Cobra and the gang on this wonder thing they have created here. It's one thing to start something but these folks have been here year after year now. The system cleary has evolved over time but seems to hold true to its original virtues - simplicity and clarity.
Cobra, you simply have done a wonderful job here. It must be very rewarding for you to help so many. Traderathome and tradewell, you folks are still here and taking pips from the market. My hats off to you.
I simply am in awe of what you all have done here. I am digesting everything and will be testing things out shortly here.
Just so you know, I"ve never been a scalper/short-term trader. I trade exclusively using the daily chart. I do not get up for the London session. I haven't in years. But this forum and its members have convinced me that it may well be worth my while. If nothing else, to associate and communicate with the likes of those I"ve mentioned. That would be humbing and priceless.
My best to all and may many pips find there way to your piggy bank
s. Darth
- #18,111
- Mar 23, 2010 2:11am Mar 23, 2010 2:11am
After the time change on the March 16 the THV3 FFCal indicator that shows upcoming News does not display times correctly. It shows everything an hour before the actual news.
Does any one has the same problem?
How to fix it?
Tom
Made in Ukraine
- #18,112
- Mar 23, 2010 4:09am Mar 23, 2010 4:09am
This is first time I read about THV. To read 1200 pages is a hell for me tho. It would take like a few weeks to read and understand each informative posts. Everyone have their own custom rules and indicators. Someone can point me to the basic THV original/basic rules? I've downloaded all the indicators on the first post but failed to understand the exact rules after read a few "different" rules customized by others 
.
Really appreciate any helps
.Really appreciate any helps
1st trade for me today quick 10 pips
bounce of Daily Pivot + all main rulz + next ppz ~20 pips away
@Chocoball there's a manual available on the 1st page just read it over and over again
standard rules on 1st page are plain and simple :
The main V4 rules:
Entry: Above Coral only long, below Coral only short
Price crosses cloud - both Trix cross each other and have the same color.
Best and most secure trend confirmation is a cross of the fast Trix on the zero level.
Exit:Faster Trix changes color and/or touch of a known good resistance/support level.
bounce of Daily Pivot + all main rulz + next ppz ~20 pips away
@Chocoball there's a manual available on the 1st page just read it over and over again
standard rules on 1st page are plain and simple :
The main V4 rules:
Entry: Above Coral only long, below Coral only short
Price crosses cloud - both Trix cross each other and have the same color.
Best and most secure trend confirmation is a cross of the fast Trix on the zero level.
Exit:Faster Trix changes color and/or touch of a known good resistance/support level.
Never whishing, always trading.
- #18,117
- Mar 23, 2010 9:28am Mar 23, 2010 9:28am
- Joined Oct 2008 | Status: Let the market come to you | 2,670 Posts
- #18,119
- Edited 4:41pm Mar 23, 2010 9:47am | Edited 4:41pm
- Joined Jul 2008 | Status: #welcomebackGator | 2,418 Posts
The basic THV is based on the idea that we want to grab pips out of the middle of a trend by buying dips in a uptrend and selling rallies in a downtrend.
Here are some helpful basic rules:
How do we know whether the trend is up or down?
Rule 1: Trend is up when price is above the coral and down when it is below it.
Rule 2: In an uptrend we buy dips, in a downtrend we sell tops
After we have determined the direction of the trend, how do we know when to buy a dip or sell a rally?
2a. We buy a dip in an uptrend when the fast trix has crossed back up above the slow trix and price is above the Ichimoku, indicating that momentum has resumed in the direction of the uptrend
2.b We sell a top when fast trix has crossed below the slow trix and price is below the Ichimoku, indicating that momentum has resumed in the direction of the downtrend.
Best trix crosses are near zero and when both trixes are the same color as the trade. Reason: When the trix crosses near zero and price has crossed but is still near the coral, the trade has room to move Some people like to wait until the fast trix has crossed zero in the direction of the trade, but that is optional.
It is also best to trade in the direction of the trend on the next higher timeframe, or alternately to go one timeframe lower to look for a good entry.
That is, if you are trading the 5m chart (top down) and you get a signal, check the one minute chart to make sure the 1m is not way ovebought/oversold when you enter. Alternately, trading bottom up , it is best to trade when higher timeframe agrees with the direction of the trade. For example if you get a signal on the 1m chart, it is best if it is in the direction of the 5m trend.
How do we know when not to trade or not trade?
Rule 3: Do not trade against trendlines, pivots, support/resistance or divergence.
We need to watch out for trendlines, pivots and major support and resistance, and not buy or sell right on top of any of these. Instead we should wait for a break, or even better a break and retest. Reason: We are trying to grab pips out of the middle of a trend and any of these can spell the end of the trend. So we don't want to be too near them when we trade (too near meaning that we dont have enough room to hit our target before hitting one of these potential obstacles.)
For example, if you are about to take long trade, and the daily pivot is 3 pips above your entry, better to wait and see if you get a break first.
We should also watch out for divergences, and not trade against them.
Rule 4: Trading times: Trade when there is enough volatility but not during news
It is best to trade when there is enough volatility to get pips - which you can measure by which sessions are open and by the ATR (above 10 is better). However it is best not to trade just before or after news.
Rule 5: Use Good Money Management: Set stops and do not risk too much of your account.
Stops and targets: Either use the THV ATR suggestion or use 15 pip stop 10 pip target (that's my personal suggestion for the Euro, plus spread for each of them. For other currencies that may differ. You can try 10 times the spread for the stop ). Or you can put the stop below/above the previous swing low/high, and trail it
Risk: Don't risk more than between 1 to 5 % of your account on any one trade. One percent is conservative, 5% is cowboy style. 1.5 or 2% is pretty average.
The rest is what people have customized according to whatever indicators they favor, mostly in order to make sure that they are really taking a signal during a good trend and not a signal in a ranging market.
Here are some helpful basic rules:
How do we know whether the trend is up or down?
Rule 1: Trend is up when price is above the coral and down when it is below it.
Rule 2: In an uptrend we buy dips, in a downtrend we sell tops
After we have determined the direction of the trend, how do we know when to buy a dip or sell a rally?
2a. We buy a dip in an uptrend when the fast trix has crossed back up above the slow trix and price is above the Ichimoku, indicating that momentum has resumed in the direction of the uptrend
2.b We sell a top when fast trix has crossed below the slow trix and price is below the Ichimoku, indicating that momentum has resumed in the direction of the downtrend.
Best trix crosses are near zero and when both trixes are the same color as the trade. Reason: When the trix crosses near zero and price has crossed but is still near the coral, the trade has room to move Some people like to wait until the fast trix has crossed zero in the direction of the trade, but that is optional.
It is also best to trade in the direction of the trend on the next higher timeframe, or alternately to go one timeframe lower to look for a good entry.
That is, if you are trading the 5m chart (top down) and you get a signal, check the one minute chart to make sure the 1m is not way ovebought/oversold when you enter. Alternately, trading bottom up , it is best to trade when higher timeframe agrees with the direction of the trade. For example if you get a signal on the 1m chart, it is best if it is in the direction of the 5m trend.
How do we know when not to trade or not trade?
Rule 3: Do not trade against trendlines, pivots, support/resistance or divergence.
We need to watch out for trendlines, pivots and major support and resistance, and not buy or sell right on top of any of these. Instead we should wait for a break, or even better a break and retest. Reason: We are trying to grab pips out of the middle of a trend and any of these can spell the end of the trend. So we don't want to be too near them when we trade (too near meaning that we dont have enough room to hit our target before hitting one of these potential obstacles.)
For example, if you are about to take long trade, and the daily pivot is 3 pips above your entry, better to wait and see if you get a break first.
We should also watch out for divergences, and not trade against them.
Rule 4: Trading times: Trade when there is enough volatility but not during news
It is best to trade when there is enough volatility to get pips - which you can measure by which sessions are open and by the ATR (above 10 is better). However it is best not to trade just before or after news.
Rule 5: Use Good Money Management: Set stops and do not risk too much of your account.
Stops and targets: Either use the THV ATR suggestion or use 15 pip stop 10 pip target (that's my personal suggestion for the Euro, plus spread for each of them. For other currencies that may differ. You can try 10 times the spread for the stop ). Or you can put the stop below/above the previous swing low/high, and trail it
Risk: Don't risk more than between 1 to 5 % of your account on any one trade. One percent is conservative, 5% is cowboy style. 1.5 or 2% is pretty average.
The rest is what people have customized according to whatever indicators they favor, mostly in order to make sure that they are really taking a signal during a good trend and not a signal in a ranging market.
This is first time I read about THV. To read 1200 pages is a hell for me tho. It would take like a few weeks to read and understand each informative posts. Everyone have their own custom rules and indicators. Someone can point me to the basic THV original/basic rules? I've downloaded all the indicators on the first post but failed to understand the exact rules after read a few "different" rules customized by others
Really appreciate any helps
