THV system, final edition

Which is the difference between those Trix ?

DUDE (rofl) really if you say this is trading im superman ... hahah place a big lot positions 3-4 times without stoploss...

One big spike and you will bang your head in the wall...
hahahhaa

Hey no offence from my last post...

Btw COBRA SYSTEM the best system ever for trading pretty balanced and its ....1000 times > and better than paid systems...i try them all

So BIG THANKS TO Cobra team for the time and work they made and share with the community for free.

Trade log

August 2, 2010

Win:5
Loss:0

MissPips,

Thank you very much. How about making the alert works only on the first tick of the new bar, and compare it to the first tick of the previous bar, is this possible?


Cheers,

i did a bad trade, any suggestions or comments? will be apreciated!
bear triangle, below coral and rainbow, 3 trix in red.

Hi Miss pips and the hole other Thread i have done 2 Trades and both went worng can someone give a Comment about these two.
Also i would like to know while Tp:10 pips and Sl :10 pips is ok because i have often see the trade was maken for example 6 pips in the other way but came back with 10 pips profit.

1 Trade:Everything was red by the trixes and the rainbow too.
2:By the second one of course when backviewing nobody would take this one but when i have done the trade the M15 was red too at 11:01 but have change the colur at 11:02

So what about the last trade should i really wait until the rainbow turn fully?
and when to enter so the trixes wont change colur after a few minutes.
I m sry to ask like this but i have look at your Attachmants Miss pips but sometims i dont untersand why you enter are there any solid rules or is it just look at the trix and decide yourself.Ofcourse you have to decide on your own but like the normal thv system with the coral and cloud these are the solid rules and the rest is you own deciding so what are they with the rainbow what are there the solid rules?
Hopefully i seems not to noobig but could you repeat the rules about the Rainbow when to enter.
Frindly regardes Alexej

I don't think so. they aren't bear triangle, they are a falling wedges in an up trend.

Hi Mate!

we did quite de same trade, i did in ej, you on eu, bouth went wrong, the only thing i can find its that we have a little little div, or maby went wrong cos the low volume or we were on the 10% chances of failure

Hmmmm, now i see, thank you Monmak, i will study more abouth wedges and triengles so i can figure out one and the other, thank you mate, have a good one

Hi Al Agha,

You're welcome. I actually did try to do that first and didn't succeed. I can give it another try, but first tell me are you sure you want to compare it to the first tick of the previous bar, or do you want to compare it to how the previous bar closed? For example if the previous bar opened red but closed green, do you want to compare the current bar to red or to green?

Comments in pic


Attachment

looks like schoolwork.

I'm glad you asked this question. I'm really trying hard to articulate what I do as fully as possible, and sometimes you just do things so instinctively after all those hours looking at a screen that it's hard to really put your finger on all the nuances of what you are really basing decisions on.

A few comments before I get to the main point.
First, I use this method on the EURUSD only so I'm not sure all the patterns work the same on the other pairs. You need to test them yourself to see if they do. I did make some comments on the EJ trade in the post above because some things are the same for all pairs (like it's safer to trade with the big picture main trend and to stay away from trades with a lot of divergence showing).

Second, if you are going to use this method you should use a 15 pip stop plus spread for the EU. My reason for this is that the EU tends to move in about 30 pip waves. IF you are getting in on a retrace and the trend is continuing on, then it shouldn't retrace more than half to 68 percent (and you are getting in on a dip/top so it has already done some of that). You can do two lots and set the second one to breakeven to see if you can catch more of the move after you get the first 10 pips. (Of course if you see the ATR stop has jumped up to 20 or 25, which it sometimes does then you need to adjust the stop and target.)

Third and this is a big point. This may be day trading but it isn't a day job. Just because we are sitting at our desk doesn't mean we need to trade every chance we see. We need to take into account the big picture and to use our judgement. What do I mean my 'use our judgement'? . First we need to consider the overall condtions. In this case
1) It's Monday morning
2) The market hasnt picked a direction for the day or week yet.



3) The range has been 35 pips so far.
4) There's an uptrend on the four hour chart, but it's over sold. and lots of divergence (both positive and negative.)



5) A trendline was broken on the 4 hour chart and is being retested.

My Conclusion: I'd like to see a decisive move before jumping in, because the EU looks like it might turn around, and as you know it hates doing that. The EU has the turnaround time of an aircraft carrier - lots of wallowing around before it gets completely turned. Or it could be consolidating before it carries on. Who knows? The only thing to do is wait for a decisive move.

Now about the specific trade on the EU - I didn't take that one in light of the above and also in light of the particular characteristic of the trade, namely

1)that the 15 m trix was not freshly crossed but on its third attempt to turn down after two prior attempts that failed.
2) Also the previous failure to crack the open included a very strong spike up which did not respect the turnaround down trendline.

The safest trades are when
1) both the rainbows are freshly crossed (one is also ok if the other conditions merit it)

AND

2) you see lower highs and lower lows (or the opposite) with the spine respected

AND

3) the 15m trix and 5m trix are freshly crossed with a nice wide spread on the 5m trix and a widening spread on the 15m trix

AND

4) Then you catch a retrace on the 1m trix which has not made dent in the higher tf trix.

At most, in a strong looking trend, I'd go for a second turn of the 15m fast, but not third after two prior failures to make any headway.

I'm posting two examples of what this looks like, but if you look at my previous posts you will see that they mostly all look like that. Just memorize the way these pictures look and go for it when you see this.

The main points:
1) !5m trix is freshly crossed and the spread is widening respective to the previous bar
2) 5m trix is nicely spread out
3) 1m rainbow is nice and wide and the spine has been respected
4) It doesn't hurt if there was a failed attempt to go up/down with double top/double bottom with divergence in the previous trend either!





There are enough trades that look like this each week so that you don't have to take the less than perfect looking ones.

Sry have a problem with the picture they are just i wrong direction.

Thanks miss pips so much for your big reply.
Of course i see no System is perfect but we can find some faults and fix them to get better so hopefully i could respect your post for my later trades to get better.Thanks a lot.
I would like to just repeat my rules while i get them right because i would like to post a translate Version of the rules in the german thv thread and it wouldent be good if there is any fault so hopefully there is no one who have to correct me after your big post there shuldent be any questions left.

1.Allways look for a fine situation so the rainbow have to be in one direction
like in the first picture and not like in the second one.
2.The trixes of the m5 and M15 should be fresh cross and widing all in the same color and the spread is widing in same direction.
3.Should be above the coral for long and for short vica versa.

I will Attach some pictures allso for showing what trade not to take when just looking at the Rainbow they will be marked in red.in the last picture with the red signes when the rainbow now cross full its time to go short and dont watch for long trades

Hopefully i get it right

There is just one question left should i use very TF for analysing ?
Or what Tf would be maine because i have really not so much screens
I saw you often use the m30 is it corect or should i allso use h1 h4 ? And mayby D1 ?

When i read through the haal thread i saw a lot of people say thanks so i don want to be like everyelse but i really cant say something else you and cobra and all of the other thv team and big writer in this thread who all have answer all th question of people like me and help them to untersand such an wunderfull system.Thanks a lot for all of your Work

"There are enough trades that look like this each week so that you don't have to take the less than perfect looking ones."it like playing poker all the beginner play to much handy instead of waiting to be sure its allways impatience and itching in the fingers

I see there went soemthing wrong with the picture direction but hopefully you understand from the text which one i mean im sorry for this problem
They are just in wrong direction

Re Fresh Cross - I would take a second attempt of the fast trix on the 15 m to go up or down in the direction of the slow, but not a third attempt after two failures like in that trade this morning. Sometimes a big retrace will cause the 15m f to turn against the direction of the slow trix, but then if it resumes and turns the color of the slow again, and if the 5m trix has a good spread and is fresh and the rainbow has a nice spread I would take it. But I wouldn't take a third attempt - that's asking too much.

Re widening: I would take a trade where the spread on the 5 was narrowing (represented by the histogram having the opposite color) as long as the trix cross was fresh (not a second attempt where the fast went against the direction of the slow and then changed back to the same color as the slow) and as long as both fast and slow were still the right color for the trade. But I definately think the spread on the 15 has to be widening.

Re the two rainbows agreeing - if you want to be super cautious you can have that rule. But I would take trades based on just the 1m if the 5m rainbow was very expanded and there was a lot of divergence and the trixes all line up perfect. I wouldn't load the boat though.The time to load the boat is when both of them have been compressed and then start expanding together, and the trixes all line up perfect.

Re analysis timeframes: I look at all of them from monthly to 5m before I start trading for the day and make note of any patterns I see and what I think of them (so that the next day I can see how good my analysis was) and then look at the 4 hr, 1h 30 15 and 5 periodically. And frankly I also look at what the Swissy, the cable and sometimes the AudUsd and EurGBP are doing too during the day.

This is what decisive momentum looks like before (notice how scary it looks to enter here - you're thinking boy it's gone up so much I bet as soon as I enter it's going to go against me):




and after (notice how the perspective changes. I think this has something to do with metatrader's charting)


(Yes, I could have entered one 1m fast trix cycle earlier. But I wanted to see that range we were in all day broken decisively (I really like to see three HHs and HLs) and I figured there would be enough pips to go around if it was)

On the first green line when I was looking to get in I noticed a dead cat bounce which was a red flag. Also the M5 trix was in deep oversold territory and started to change momentum. So it looked very likely that the 113.00 "00" was going to hold.

Correct, and beside of that, a falling wedge on 15M will show up as a bull flag in 1H, that's why we wanna have an eye on all TFs to take a trading decision.

Hi sed34

I trade using the THV system by looking at multiple TFs and the state of the Trix especially in 5min & 15 min before taking an entry on 1min. I noticed you have the TRIXs of various TFs at the bottome of one chart. I have to constantly look thru the various screens that I have set up and most times miss out on opportunities by the time I have flicked thru the various charts. Can I ask what indicator you have which provides the various TRIxs and if possible provide the indicator. Thanks either way.