THV system, final edition

Very nice setups Tread,
can u have your tpl ?

Regard's

Monmak

What contituates towards the info at the top right of your chart? Ive loaded your template but that is tatic across all ccys and doesnt change

Two templates attached

One using pipware charts and the other using THV indicators (by MissPips), All indicators are already posted and pipware stuf must be downloaded from their site

Hi Mate
You should better observed the thread every day.
http://www.forexfactory.com/showpost.php?p=3929415

Does anyone know a logic/script wher ei can just click onthe chart to open up a trade ticket - whether to enter or closeout?

PA had run 15pips before it touch psych level 1.28000

Also does anyone have the latest TRIX without the THV4 logo ont he side of it?

Thanks

Hi together,

I have to say thank you to all who developed this great system, and to all who refine this system. Now I following this thread more than one year, I tried many other systems, but this one this that which have turned my trading into a profitable business.

Thanks again and keep up the good work!



Regards
IHWTL

hello,
where I got this indicator DI?

http://clip2net.com/clip/m50830/1281...-clip-19kb.jpg

Thanks

EDIT: I have found it here on the topic to download .... Thanks

Last Trade till Sunday ....closing up trades ...Should have closed out @ 1.34231 ...and banked the 50 Pips .... got tied up with the news ... aw well, still in monitoring,

ADX still supporting the short.

Edit #1 ..... Got out @ 1.34345 ...banked 40 Pips

Lesson Learned .... monitor the damn trades closely or at least make sure it was managed

Wats that little white circle on the chart?

Just a marker to show where the Trade was entered.

Use the insert arrow feature and use arrow code "1" it is easy way to mark the spot of the trade

I have been trying to open the zip file that contains the manual, unfortunately when I try to open it it only opens to "attachment.php". After searching on the web it is a common problem with Windows Vista.

If I could read and understand Spanish I would use that one.

Can someone please make it available in a form other than through this zip file?

It would be greatly appreciated.

Thank you

click the paperclip in upper right to dload attachments.

tread,

i see all the indis but where is the adx on this picture?

another important question....lets see you see a potential trade on m5 to go long b/c all the rules have been met. do you only look at m5 or do you look at other timeframes like m15, h1 to make sure the rules are met there as well?


thank you,

HI Sam

The same methodology used on the 1M is used on the 5M

on the 1M - we also compare 5M and 15M Trix, some others look to using other time frames for further confirmation ... but 2 TF up works fine

so on the 5M - we would compare the 15M and 30M Trix.....I would also compare the 1M Fast.

I am still using the original method of having the ADX on a separate chart (it is easier to flip thru a blank chart with the ADX than a chart loaded with all he indis).

Eventually I will work it into my system. I have posted some trades with the new MTF ADX shown at the bottom....see earlier post today

When you download save it to location but change file type to ALL and the filename as the full name ie THV4.zip this will save it in the correct file type

thank you very much tread.

Hi Tread

What would you say is your step by step entry methodology. ie what do you specifically look for when entring a trade?

Also the same when exiting?

Thanks

I trade of the M1

so

All Trix (M1, M5, M15) are heading in the same direction (ideally all freshly crossed in this order M1,M5,M15
Check the Direction of the overall trend is in the direction of the trade, depending on action this may be of the H1 or H4
Check for Price cross on the Ichi (M1, M5 and M15)
Also Check for Coral on M1 and M5

Check ADX:-

M1 - ADX > 25 and +DI for long >25 or -DI for long >25
M5 - ADX > 25 and +DI > -Di and heading UP (for long) or -DI>+DI and heading UP for Short
M15 - ADX Heading UP, better of over 25

Check Entry in relation to Major support and resistance
Check Entry for conflicting Divergence (from M15 and M5)

I also have charts running with the CleanRainbow developed by MissPips, I cross all entries against these(hey it never hurts to double check). How that rainbow looks give an idea of the price action that MAY be developing. (MA squished, Color of spine etc etc)

My setups may sound like that of a Indicator junkie, but the amount of pairs I trades, i look for quick confirmation instead of trying to evalute from scratch, expecially trading of the M1 ...2 minutes on a volatile pairs can cost you the trade


Ideal entry should be at a retrace/dip in the Trend, this is usually the best as you go almost immediately into profit as price starts to re-assert it self in the direction of the trend.

If a trade starts to go bad, (1 - 3 minutes in) i may re-evaluate the SL, this depends on cost, trend, volatility.

I posted links to some youtube videos, they do a great job in showing the principles in action..my only addition is the adx


Exit for me is usually done 2 way, depending on the pair I may have an Automatic TP/SL in place (typically 10), since whipsaw and retrace can happen quickly.

For manual trades I use the ADX most times, with comparison on 3 time frames. Again this depends on the pairs as Support& Resistance plays a major role.

I recommended that if you are new to the process, focus on the EURUSD as the majority of experienced members trade that pair and you can get comparisons.

Even with all the above, THV is still NOT a totally mechanical system, there are degrees of subjectivity to reading the indicators that can only be gained screen-time.

Aside from the above, it is critical that you KNOW your indicators, exactly what they indicator, an idea of how they are built, it is in knowing this that you can decide how best to push the system.