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THV system, final edition

  • #19,741
  • Aug 15, 2010 5:54pm Aug 15, 2010 5:54pm
Another 27 Pips of the USDJPY
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  • #19,742
  • Aug 15, 2010 6:11pm Aug 15, 2010 6:11pm
Quoting seller9
Looks like the M5 alerts are working, will need more testing to see if they are correct or not. I still had the M5 on the chart when it went off. Looks to be a good trade, but one good trade does not mean anything. Will test some more and look for bugs.

Edit: EJ just fired again on the M5 alert. Sorry for the typos on the image below, thay are all M5 alerts, no M1 alerts on this M1 chart.
Indi is working like a charm. I also had 5M version on the M1 chart.

If both version allows for setting MTF entries, what is the differentiation between each?
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  • #19,743
  • Edited 6:51pm Aug 15, 2010 6:35pm | Edited 6:51pm
Quoting Tread
Indi is working like a charm. I also had 5M version on the M1 chart.

If both version allows for setting MTF entries,
Hi Tread
What is the name of the 5m version, I'm looking for it, must be posted.

What broker are you using? I got that spike on ATC demo, but not on MBT demo or IBFX live. 3 outa 4 5m bars up to 5599. ATC uses FXCM feed methinks.

Cheers
  • #19,744
  • Aug 15, 2010 6:41pm Aug 15, 2010 6:41pm
Yup you got it right..... FXCM, also checking i saw the same on other charts

Seller9...had posted a new version a few post ago

http://www.forexfactory.com/showpost...ostcount=19744
  • #19,745
  • Aug 15, 2010 6:48pm Aug 15, 2010 6:48pm
Quoting Tread

If both version allows for setting MTF entries, what is the differentiation between each?

Hi Seller

I noticed that the options to individually turn on the various entries has been turned off, unlike the unlike your Ind_Alert_V20.

In the next release could these features be returned?
  • #19,746
  • Aug 15, 2010 7:02pm Aug 15, 2010 7:02pm
Dunno, just started playing with, Try using M1 on M1 Chart and M5 on M5 Chart and monitor
  • #19,747
  • Aug 15, 2010 7:09pm Aug 15, 2010 7:09pm
Answer to PM.

Yes the THV was developed to Scalp. Fortunately for me , I use the ADX to assist with Exits. Some trades become long term trades, but they normal do not last a couple of hours. Ye some of the trades start to do bad, but enter in the direction of the trend and adjust the SL keeps me in. I do not risk more than a 15 pip SL when making such changes.

Only Trade what you can affort to loose, if If i make the SL change, I always keep it less than 1% of account balance.

Attach is a EURNZD Chart from earlier today, still in this trade, converted to a long term trade, 89 Pips in and still monitoring
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  • #19,748
  • Edited 8:28pm Aug 15, 2010 8:03pm | Edited 8:28pm
Just took this .... let's see how it unfolds ... was looking at wrg darn screen

Edit #1 .... lol ..... got out on 2 pips profit ...
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  • #19,749
  • Aug 15, 2010 8:07pm Aug 15, 2010 8:07pm
Quoting Tread
Sidney Session...stands to reason we should be watching these pairs

AUDUSD - 3 Pips in, paid the spread, looking to take profit..

Edit #1 .... -D1 on ADX, gaining strength....exited .... 1Pip
Hello,
What program do you use to make these markings in the photo of graphic?

Thanks
Dorgas Manolo iaririarai
  • #19,750
  • Aug 15, 2010 8:38pm Aug 15, 2010 8:38pm
I use a program called Snagit Pro.

How ever there is a free limited version called Jing that you can download.

just google it
  • #19,751
  • Aug 15, 2010 9:22pm Aug 15, 2010 9:22pm
Classic almost THV ....substituted the 15Slow Trix .... I use ADX > 25 on M5 and M1 as an alternate "light"

This is a variation I use when waiting for the 15M Trix is like watching water boil!!
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  • #19,752
  • Aug 15, 2010 9:38pm Aug 15, 2010 9:38pm
go for +400 today tread!!
  • #19,753
  • Aug 15, 2010 10:11pm Aug 15, 2010 10:11pm
not sure about the 400 ...more like 4 lol!

4 Pips on the USDCHF...standard THV rules
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  • #19,754
  • Edited 11:47pm Aug 15, 2010 11:31pm | Edited 11:47pm
Standard Rules - EURCHF
6 Pips and Monitoring

Edit #1 .... 8 Pips looks like it will take off

Edit #2 ....23 and Monitoring

Edit #3 .... 40Pips going Strong

Edit #4 ...60 Pips, trend getting week looking for exit

Correction, trading 2 minilots ...Pips really 1/2 what is reported

Edit #5 .... Price Spike @ 1.33679..... 38 Pips X 2 ....trade exit out

Still looking strong ....may re-enter
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  • #19,755
  • Aug 16, 2010 12:01am Aug 16, 2010 12:01am
I hate these 10 pip candles in M1 that destroy every entry which would have been set up in just some seconds but noooo !
  • #19,756
  • Aug 16, 2010 12:12am Aug 16, 2010 12:12am
Went back into the EURCHF

Back in at 16 Pips ...trading 2 minilots. The M1 Trix were not aligned, however the ADX was a monster on 3 times frames

Edit #1 ....Out of Trade ...10 Pips x 2 ... locked in 10Pips ... priced whipped hit SL, ate up the 6 pip buffer

Starting to Range now.
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  • #19,757
  • Aug 16, 2010 12:43am Aug 16, 2010 12:43am
Missed 2 trades USDCHF and CHFJPY, both appear as those THV rules would have worked ....50 Pips each ..lol...

Trying to implement the new ADX MTF into the routine..... the work flow is a bit hap-hazardous now.

Quick Tip .... If the MTF ADX is at the bottom of the charts, draw the 25 level line.... scan the charts quickly, if M1 and M5 ADX (yellow Line) is above the 25, spend some time on that chart ...possible setups may be occurring
  • #19,758
  • Aug 16, 2010 12:49am Aug 16, 2010 12:49am
The holy 3 are easy to miss because the older one (M5) needs 5 mins plus some seconds to form out and to show some real entry.
If 10 pip candles occur the older one won't keep up with a possible fakeout, so after all, the cross of these 3 at the same time is only appropriated for slower moving currencies.
  • #19,759
  • Edited 1:44am Aug 16, 2010 1:27am | Edited 1:44am
CADCHF - 20Pips and Monitoring, expecting a big run ....lets see it it unfolds

EDIT #1 .... 23 Pips & Monitoring ...ADX turn... but small

Edit # 2 .... 27 Pips & Monitoring, trend on M1 weak, will not feed into M5

EDIT #3 .... 23 Pips Exits on DI Cross, did not use M5, since the ADX was weak on M1
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  • #19,760
  • Aug 16, 2010 1:45am Aug 16, 2010 1:45am
Tread long in eurchf if no why not?
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