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THV system, final edition

  • #19,521
  • Aug 9, 2010 5:06am Aug 9, 2010 5:06am
again,possible multiple bullish div,pay attention.
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  • #19,522
  • Aug 9, 2010 5:13am Aug 9, 2010 5:13am
Same trade (more or less) rainbow view. Short at 12:17 (GMT+2). I got in a little later because I like to see more layers of the rainbow, and I like to see couple more lower lows but plenty of pips to go around.
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Quoting Monmak
this one on EUR/USD
  • #19,523
  • Aug 9, 2010 5:49am Aug 9, 2010 5:49am
Quoting arunsideas
Friends...

Thanks for using my indicator and accepting my logic.....
This indicators are having redraw error... But it solved now ... can you post suggestions how its help full ?

Regards
Arun...
Hi Arun

It's a pleasure. I suggest the rules with the strenght indicators:
When we see that the trix indicator change direction (2 lines in the same color, we must wait that the strenght indicator is going in the same direction.
In my example on the picture, we have a short signal on the trix indicator. Then we wait that the EURO is going down and the USD is going up. I think that it is a very good setup confirmation.
See my picture, it's better i think ^^ English is still a problem for me.

Regards
Nash
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  • #19,524
  • Aug 9, 2010 6:21am Aug 9, 2010 6:21am
Quoting Nash84
Hi Arun

It's a pleasure. I suggest the rules with the strenght indicators:
When we see that the trix indicator change direction (2 lines in the same color, we must wait that the strenght indicator is going in the same direction.
In my example on the picture, we have a short signal on the trix indicator. Then we wait that the EURO is going down and the USD is going up. I think that it is a very good setup confirmation.
See my picture, it's better i think ^^ English is still a problem for me.

Regards
Nash
Friend ....

http://www.forexfactory.com/showthre...51#post3912551

follow the link....
This was current status of strength trix...

I am using from beginning .....

[I didnt got proper responce from anyone .... thats why I didnt post that indicator...]

Regards
Arun...
  • #19,525
  • Aug 9, 2010 6:29am Aug 9, 2010 6:29am
The CHF drop like a stone fer a short while, nice scalps...
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  • #19,526
  • Aug 9, 2010 6:45am Aug 9, 2010 6:45am
Got greedy took this entry ....let hope () it recovers.

Classic example of NOT paying attention, 15Min HA was barely formed. I'll suck out at -5pips if it get that low, no sense in letting the loss run
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  • #19,527
  • Aug 9, 2010 6:51am Aug 9, 2010 6:51am
Quoting arunsideas
Friend ....

http://www.forexfactory.com/showthre...51#post3912551

follow the link....
This was current status of strength trix...

I am using from beginning .....

[I didnt got proper responce from anyone .... thats why I didnt post that indicator...]

Regards
Arun...

If i have understood, you have made a new version of this strenght indicators, and it is the indicators on the picture that i join here ?
Can you give more informations over it ? And if it's possible, share your new strenght indicator ?
I appreciate your work, already i like the relative strenght

Regards
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  • #19,528
  • Aug 9, 2010 7:08am Aug 9, 2010 7:08am
CHFJPY tumbles a bit .....


EDIT 1 ...... TP Hit at 10
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  • #19,529
  • Aug 9, 2010 7:15am Aug 9, 2010 7:15am
Dear Tread, your Entry with THV EA ?
  • #19,530
  • Aug 9, 2010 7:27am Aug 9, 2010 7:27am
Quoting Nash84
If i have understood, you have made a new version of this strenght indicators, and it is the indicators on the picture that i join here ?
Can you give more informations over it ? And if it's possible, share your new strenght indicator ?
I appreciate your work, already i like the relative strenght

Regards

Nash

The way I would use this is:-

Make sure that core THV rules ....6 MTF light are in place
Then use the Strength Meter / Trix to time the entry. (trix from each meter going in opposite directions)

Having use strength meters in the past, I would advise just as with the core THV ..... use this in MTF mode .....load it up on a 5m and/or 15m Chart and confirm the strength there also for higher probability trade
  • #19,531
  • Aug 9, 2010 7:36am Aug 9, 2010 7:36am
Quoting POSTiGA
Dear Tread, your Entry with THV EA ?
I was asking that cuestion to, and do you prefere triguer the entry by yourself of better the EA?
have a good one!
passion and discipline
  • #19,532
  • Aug 9, 2010 7:37am Aug 9, 2010 7:37am
Quoting POSTiGA
Dear Tread, your Entry with THV EA ?
Nope I am posting screens from my alert computer, I have a totally different machine which i trade live with (Manual Entries), which only have trading software on. Screwed up my last system by trying to do even thing form one computer.

The EA is just for the core requirements (MTF Trix, Coral, Ichimoku,) Alerts I also have Divergence, and ADX turned on.

Once I get the alerts, I then cross check for further divergence on higher TF, look for the S&R level, use TDI, MTF HA, a quick glance at the Rainbow also ....lol, anything to get a edge on the entry

I only posted those trades as I got a rather nasty PM from a member indicating that I was bs'ing about amount of trades I took and that the THV System would not work on higher spread and "exotic" pairs.
  • #19,533
  • Aug 9, 2010 7:42am Aug 9, 2010 7:42am
Quoting rohule
I was asking that cuestion to, and do you prefere triguer the entry by yourself of better the EA?
have a good one!
The EA is still a work in progress,, there is so much cross checking and overall knowledge that is needed that the EA is not quite there yet for automatic entry, a release is planned shortly with some enhancement ....we'll see how that goes
  • #19,534
  • Aug 9, 2010 8:02am Aug 9, 2010 8:02am
Another nasty area here. Here's the extension of these trendlines that have been providing support. I'd be careful going short here unless they are broken and retested
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Quoting MissPips
Nasty area to trade in here
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with a lot of trendlines that have been respected converging
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  • #19,535
  • Aug 9, 2010 8:10am Aug 9, 2010 8:10am
Quoting ricmi
again,possible multiple bullish div,pay attention.
Hi Ricmi !
Look to this link, good divergence. http://www.forexfactory.com/showthre...14628&page=121
Post number 1810.
  • #19,536
  • Aug 9, 2010 8:27am Aug 9, 2010 8:27am
Hi Masoud, good to see ya.

Hope all Koalas are doing fine.

Quoting masoud123
Hello

After a long time just want drop say hello to Mr. Cobra and MissPips and THV thread user.

Thank you so much Mr. Cobra and MissPips for kind support and expressing tips and advice.

Have a nice time all.
  • #19,537
  • Aug 9, 2010 8:45am Aug 9, 2010 8:45am
Agree, it's sitting on the 1H coral and trix is trying to change.

The 4H candle will be a doji in case we stick in this level.

Good idea to TP the short and sit on the hands till next session or any good entry signal.



Quoting MissPips
Another nasty area here. Here's the extension of these trendlines that have been providing support. I'd be careful going short here unless they are broken and retested
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  • #19,538
  • Aug 9, 2010 8:52am Aug 9, 2010 8:52am
Hi Cobra.
How Ichimoku you use? 5-3-8 or 2-3-5?

thanks
  • #19,539
  • Aug 9, 2010 8:54am Aug 9, 2010 8:54am
Tread, i think that the problem with the mtf and this strenght indicator, is that we take a position later, and then we lose pips.

Regards
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  • #19,540
  • Aug 9, 2010 8:58am Aug 9, 2010 8:58am
Here another technical reason to be careful in this level, ex resistance is support now.

To take a short, this levels should be broken and re-tested before, like MissPips already mentioned.

Candle chart is 4H
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