THV system, final edition

Why thanks!

Well I could have entered there - that is one of the trades I look for when price gets above the rainbow - makes a bump and then that bump is surpassed (together with appropriate trix results), especially after a double top or bottom with divergence. But I felt a little safer taking the later entry for two reasons:

1. That one was right on the 4 hour downtrend line. So I wanted to see it broken and retested to make sure the 4 hour trend had changed back to up again.

2. When we have been in a downtrend on the 4 hour chart I feel a little safer taking the trade if I can see the dark blue spine and the 15 m trix starting to cross up.





3.The blue line is the ALF indicator. I'm testing to see if it works better than the rainbow VARMA edge, but so far I don't find that it does really.

4. What I'm looking for on the higher tf (which part of the 5m rainbow) is to see if the 1m and the 5m flip together. Then, even though if you see the blue spine on the 1m rainbow flip and the trixes line up it's usually good for 10 pips, if you see them both flip together and the trixes line up you might think about doing an extra lot and keeping that one for longer. You see how the long trade where you can see the first four layers on the 5m and all the layers on the 1m when all three trixes line up at the same time went a lot further than the short trade when all three trix crosses lined up but you didn't see all those layers at the point when all three trixes lined up at the same time.

[quote=vasi;3891649]

[quote=MissPips;3891699]

3.The blue line is the ALF indicator. I'm testing to see if it works better than the rainbow VARMA edge, but so far I don't find that it does really.

Thanks for Mtf trix mq4 ... I got that...

I am also testing ALF .... It acting like Ichimoko.... I am testing for 5M chart using 15 M ALF MTF.

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Just for Testing

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Friend ,,, I will post it on Monday....

Thanks & Regards
Arun ...

Another pips

Nice trade. Better remove your email address so the spammers don't get
it.

Friend I removed ... Thanks you...

Guide me when you see me in wrong path...

Thanks Again

Dear Ms. Pips,
Could you tell me where or how can I get a template with the indicators you show at the attachment, please?
Thanks,
Manuelito

Look in the attachments. Its cleanrainbow5and1.zip and you also need the THV V3 info panel which I forgot to put in the zip and which you will also find in the attachments to the thread.

Hi Misspips

could you please post your white rainbow template with the lights system down the bottom or point me in the riight direction

many thanks

From which post?

[quote=arunsideas;3891788] Not to change away from THV, but I am also testing Alf along with a couple other indiactors and fractal candles from the Alf site. I like it on the M15 time frame, I have had some good live returns with it so far.

I am always looking for additions to THV to give me that extra edge.

Good Luck

Please Misspips how do i get this particular template and indicator

Thanks

Which indicator? That's just the coral, the Ichimoku and the trix on a white backgroud. The indicator you see at the bottom is the TDI (traders dynamic index), which has been posted a few times in the thread so you can find it in the attachments or get it from Dean Malone over at CompassFx's web site.If you notice the red and green lines are basically exactly like the trix -the crosses are almost the same (just not quite as smoothed out) but you get the added advantage of seeing when it's squeezed, which I've never figured out how to do with the trix.

I think I'm going to give up on it. I find I like the edge of the rainbow, which is more stringent than either the Ichimoku or Alf, best for the 1m timeframe. It seems to make more interesting patterns.


[quote=seller9;3892926]

[quote=seller9;3892926] Hello Friend ...

I am using ALF as additional filter like rainbow ... I am using Only Trix for Forex...

If possible just check THV4 with 1m chart and ALF MTF 15M ...Giving good results...

Thanks & Regards
Arun ...

ok. i have some new thoughts on this. Even following the rules exactly using the rainbow method you can still lose. I find that a lot of times there isn't enough momentum to reach 10 pips. This has happened a lot during the week.

5 pip limit gives a much higher probability of success. Prices pretty much goes down that much. Those losers would have been winners if the limit was 5 pips. Remember all you need is 2 trades to make your 10 pip a day target.

I see plenty of post showing success, but I can post the failures too. And strangely enough it has been the EUR/USD that has been giving me the most grief. 5 pips limit would have turned a lot of those losers into winners.

I'm not going to be trading the EUR/USD for now with this method. I've been trading other pairs with this method and have found much more success. I will post some examples later.

10 pips seems to be too greedy in certain cases. Except EUR/JPY. You can easily get 10 pips trading that pair.

hi miss pips;

you deserve a feather in your cap for your patience with us noobs. you repeatedly, albeit ad nausem, answer the same question. my exposure to this thread has been short lived and since: it seems there have been 100's of request for the same templates and indi's. you mentioned you were considering starting your own thread...have you come to any conclusion on the matter?

i suppose if everything was on page 1 you could just tell people to refer to page 1 rather than giving a descriptive answer time and again. i for one would be delighted if you did so and im sure others would be as well.

please let us know, if, you've come to a decision about it.

thank you,

you deserve a feather in your cap for your patience with us noobs. you repeatedly, albeit ad nausem, answer the same question. my exposure to this thread has been short lived and since: it seems there have been 100's of request for the same templates and indi's. you mentioned you were considering starting your own thread...have you come to any conclusion on the matter?

For samk 09095,


The question it's not for me, I know. NO, Miss Pips must stay here.
If you don't understand the system go to the first page, and read the rules, then go ahead and read all, and again , and again. The Rainbow it's an evolution of this system, so MUST stay here!

Best regards !

Well of course. First of all no system has 100% results, and second THV and its variations are really methods not systems. That is, they supply tools but rely on your discretion as a trader. I know that sounds weasly, but it's the truth. Here is an example of a failed trade todaythat meets all my normal criteria, even preferrred criteria because both rainbows flipped together (except maybe I would have liked to see a little more spread on the 5 m trix)



Did I take that trade? No. Here's why: as you can see in the picture it was hitting the top of a down channel with a long history and also the 23 fib of the up move. and the 1 hr trix is down We might crack those but I wouldn't expect it to happen in the Asian session. So I didn't take that trade.



Personally I think it helps to trade only one pair. That way you get a feel for how it usuallly acts and where the kinks are (most of the time - nobody is perfect. And there are always surprises, but if you look at my posts you can see that the times that I've posted predictions about where price is going or areas where price was going to react they've been pretty good. I'm sorry I didn't post that channel yesterday - I though about it but I decided I'd been hogging the posts too much.)

Anyway, if you look at the posts about the rainbow you can see that I've actually posted 5 types of trades
1) 6 lights in the direction of the rainbow
2) Count three higher highs/lower lows and then take the next good THV trade (6 lights or trix cross) in the direction of the rainbow.
3) Trade when you see the dark blue/dark red spine and 5m f and slow and 1m f and slow are in favor of the trade
4) Trade when you see 15 trix crossed up, 5 m trix crossed up, the 1 m trix crossed up or 1m f up especially if both rainbows are in the direction of the trade.
5) Trade when price makes a bump above the rainbow spine, and then exceeds it the 15, 5 and 1 trixes are all in favor of the trade , especially if preceded by a pattern like a double top/bottom or head and shoulders and divergence.


So the question is: why so many different types if they all work? And the answer is: because there are different types of markets.

I don't really know how to explain it, but here are some days where, for example, you will never see Trade type 3. Or other days where you never see type 4. I think it has to do with how big the swings are between the highs and the lows and how strong buying pressure is (for example) in a downtrend (or vice versa). What I do, is I start watching the market about two hours before London open, and I just look to see what's working that day. Because whatever has been working is usually what's going to continue working. I try to notice if the swings up and down are huge, or is the flow mostly one direction with small retraces. Are the retraces going to the 23 fib or to the 50. I also look at the stochs and I notice if price is reacting at once when it hits o/b or o/s or does it carry on a lot of bars before reacting? Is the market strongly trending or is it rolling up and down in swings that match one of the trixes (and it can be any one of them) etc. If it's going down is it acting like it wants to or is it resisting? Is there a daily trend and the four hour trend and is this trade with or against those? What did yesterdays candle look like and can I make any assumptions about todays probable trend based on that? Was there a pinbar on a higher tf against the trade? I also try to look for only the best trades and sit on my hands for the others. Even if a trade meets my criteria, if there's some other good reason not to take it (like above) I sit on my hands, which I think is an important trading skill to master. (That's why I have so much tiime to post. There are times when I know I'm not going to be trading until some obstacle is overcome or certain things line up like I like). Even if it looks like a really strong trend and good trade, if the Euro has done it's daily range I'll still sit on my hands, for example.

Anyway, that's what I do.

If you get good results with some of the other pairs please post them because I'm sure everyone will be interested. My reason for picking the EURUSD was because of the low spread, and the relative inertia of its moves. But if results can be improved by using another pair that would be nice to know.

By the way, if you would use 5 as a tp what would you use as the stop for the Euro?

Edit: BTW, here is a retry of the above failure example. Notice the difference in how they look.The trick to getting 10 pips is to get in on a retrace when you have enough momentum to get them so we want to learn to see that momentum.