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THV system, final edition

  • #19,801
  • Edited 6:34am Aug 17, 2010 6:06am | Edited 6:34am
According to THV rules, use the coral to determine the trend. Trade long when price is above it, short when price is below it. If you want to know more about how to determine trend I'm afraid you'll have to read the thread. - that's what most of the rest of it is about.

You will find the manuals, indicators and templates on page 1. If you are confused, start with V3 - it's simpler.

This thread is for manual trading. See the other THV thread for the EA.

Here is an example of a long trade.

Quoting panthere
Ok thank you very much but ..:-)

how you determine a trend?
What indicator do you use?
which expert advisor you use?

Sorry for the questions but I read over 100 pages and I saw your thread on dozens of indicators and expert advisor I know where I am.
CHIBA_SAN I'm not a boy.

He commend would be a specialist of this method can make a zip with the indicators to use, expert advisor a few instructions and copy screen to show some good examples? I ask not much? :-))
I thank you because your line is very long and very rich but difficult to follow...
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  • #19,802
  • Aug 17, 2010 6:23am Aug 17, 2010 6:23am
thank you verry much MissPips I'll try to understand (it will be hard because I'm not very smart :-))

TVH3 the strategy is manual? TVH4 is automatic right?
thank you

FRENCH

merci beaucoup miss je vais essayer de comprendre ( ça va etre dur car je suis pas très intelligente :-) )

la strategie TVH3 est manuel ? TVH4 est automatique c'est ça ?
merci
  • #19,803
  • Aug 17, 2010 6:40am Aug 17, 2010 6:40am
V3 and V4 are both for manual trading. There is another thread for the THV EA.

Please note that THV is a method not a system. The message you get says "analyze buy" or "analyze sell" for a reason. You are expected to do your own analysis of whether you are in a trending or ranging market, where you are in the trend, whether there are any immediate obstacles to a trade, and whether you are trading at an appropriate time.

Quoting panthere
thank you verry much MissPips I'll try to understand (it will be hard because I'm not very smart :-))

TVH3 the strategy is manual? TVH4 is automatic right?
thank you

FRENCH

merci beaucoup miss je vais essayer de comprendre ( ça va etre dur car je suis pas très intelligente :-) )

la strategie TVH3 est manuel ? TVH4 est automatique c'est ça ?
merci
  • #19,804
  • Aug 17, 2010 6:48am Aug 17, 2010 6:48am
My da always said that I was a hothead and my ma always said she would beat it out of me ...... years latter guess who won that battle???

I apologize to all, .... and PipHopeful we can both be wrong and right at the same time .... enuff said on that

Here is a great little tool called an ADX Scanner. it a dashbord (YES, someone did say it would be good to have something like this). F451 kindly provided it.

Install it on a clean chart, the light give an indication when a trend is forming...

I am not scalping until Thursday ... working on a related project
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Attached File(s)
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  • #19,805
  • Aug 17, 2010 6:55am Aug 17, 2010 6:55am
Quoting Dorgas
is it ??

Attachment
gg, good pic
passion and discipline
  • #19,806
  • Aug 17, 2010 7:39am Aug 17, 2010 7:39am
hi mates! this indi helps to see more crearly the hole pic trend i hope you like
Attached File(s)
File Type: mq4 Trend_all_period_en.mq4   9 KB | 902 downloads
passion and discipline
  • #19,807
  • Aug 17, 2010 8:41am Aug 17, 2010 8:41am
Forgot I had this running: -

Seller9, Can't seems to the the ADX version of the alerts to give an alert, not sure what happening on it, may be to rigid?

However regular alert (Ind_v20) Which monitors all the trixs is working well on the M1,

For those wanting to get the heads up on THV rules forming, apply the indi above

See pics for settings, ONly monitoring up to the M15 section, and the trend section below, any are not cover in the pictures, is set to false. See last pic, if scalping this would have been easy pips, notice how the alerts are all green on the right side of the screen
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  • #19,808
  • Aug 17, 2010 8:51am Aug 17, 2010 8:51am
Hi people,

it's my first trade on my new real account and it's not glory.

Can you say me where is the problem ? All adx and trix are up, the market is above the coral, and that broke a resistance. I take the position and directly the market go down and take my stoploss. It's on eurusd

Where is the fault please ?
Thanks
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  • #19,809
  • Aug 17, 2010 8:55am Aug 17, 2010 8:55am
Tred, indi Alert ignores cross Trix
  • #19,810
  • Aug 17, 2010 9:07am Aug 17, 2010 9:07am
thank you for your comments :-)

Misspips ok is not automatic systems, all the better because I prefer trader myself :-)
Now I must try to understand this method and especially how to use indicators that method :-)

FRENCH

merci pour vos explications :-)

miss ok c'est pas systèmes automatique , tant mieux car je préfère trader moi même :-)
maintenant faut que j'essaie de comprendre cette methode et surtout comment utiliser les indicateurs de cette methode :-)
  • #19,811
  • Aug 17, 2010 9:08am Aug 17, 2010 9:08am
And another question. if this is so easy to trade on the Ind Alert, the EA can be written?
  • #19,812
  • Aug 17, 2010 9:12am Aug 17, 2010 9:12am
Quoting Nash84
Hi people,

it's my first trade on my new real account and it's not glory.

Can you say me where is the problem ? All adx and trix are up, the market is above the coral, and that broke a resistance. I take the position and directly the market go down and take my stoploss. It's on eurusd

Where is the fault please ?
Thanks
Hello
In my opinion, the problem is in two sections:

Purple: Upon entry, the trix was pointing a possible divergence
Orange: PA is far from the line Coral

Hope that helps.
Sorry my bad English
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Dorgas Manolo iaririarai
  • #19,813
  • Aug 17, 2010 9:15am Aug 17, 2010 9:15am
Quoting ozma
Tred, indi Alert ignores cross Trix

Yup, the idea is to get the alert and get to that page, and start monitoring for ideal entry ... if i get the alert on the cross it may be to late
  • #19,814
  • Aug 17, 2010 9:16am Aug 17, 2010 9:16am
Quoting ozma
And another question. if this is so easy to trade on the Ind Alert, the EA can be written?
lol...it not's that easy ....but we are trying..
  • #19,815
  • Aug 17, 2010 9:19am Aug 17, 2010 9:19am
Quoting Tread
lol...it not's that easy ....but we are trying..
I know you will ...
  • #19,816
  • Aug 17, 2010 9:35am Aug 17, 2010 9:35am
yeah... i am also wondering why it went bad also.... i took the same trade more or less. got out earlier...but i was very dissapointed myself... it looked good. i only used m1 and m5. coral, cloud and adx. it looked good...it looked very good.....

if we have to worry about divergence on a one minute chart to join price action through 20+ minutes...that's a bit rough to do.... we are relying on the rules. adx is already an add on...

hmmmmmmm

edit: BUT, thanks for your feedback dorgas. appreciate it a lot... but i'm just saying..that's all...

Quoting Dorgas
Hello
In my opinion, the problem is in two sections:

Purple: Upon entry, the trix was pointing a possible divergence
Orange: PA is far from the line Coral

Hope that helps.
Sorry my bad English
Attachment
  • #19,817
  • Aug 17, 2010 9:42am Aug 17, 2010 9:42am
Quoting Nash84
Hi people,

it's my first trade on my new real account and it's not glory.

Can you say me where is the problem ? All adx and trix are up, the market is above the coral, and that broke a resistance. I take the position and directly the market go down and take my stoploss. It's on eurusd

Where is the fault please ?
Thanks

Nash

Sry about the loss, but before we start, they will be losses .... hurts like hell but it will happen.

Also NEVER let you SL run like that, you need to ask your self ... "So okay, the deal is going south FAST ..... what is there to support the fact the it will correct and come back in the right direction?"

SLOW Trix is going red. Good indicator that the trade will NOT correct in you favor. See the increasig Length of the HA Candles and wick? That means that the Short is gainin strength.

So that two ways to Limit your loss.
With regards to the entry

Price above is coral is fine, but look at how many time the coral has cross the Price Action (or is it vice versa...same thing i guess), within the last 15mins prior to entry... twice and the third time a bounce, i would wait and let the coral establish a trend. Also the Coral on M5 is decending, so it trend that was on M1, which feeds M5 is not supporting an upward trend

With regards to the ADX. While the ADX on the M1 was increasing... the ADX on the M5 was Flat (i.e. not trending), same as with the coral, the "feed" from M1 was not creating the trend strength on M5.

Finally the Cross of the M1 Trix was bit to high (almost 0.00010) which is close to overbought level (0.00011)

Now don't let this discourage you....but trading Live is a BIG step, scalping is even bigger, scalping the M1 means you got to have the big brassy ones. General consensus is that it takes months of winning at the scalping on demo before venturing live.
  • #19,818
  • Aug 17, 2010 10:02am Aug 17, 2010 10:02am
....and that's why tread is the MAN. THE MAN
  • #19,819
  • Aug 17, 2010 10:05am Aug 17, 2010 10:05am
hi guys! i hope you can help me, i have try to set the templete like 3 months ago and i have no succes, i have all the indis and all the templetes you post here but i cant get all the mini charts below(trix,adx and candels) how can i set that up, im going cazy with this, please HELP MEE!
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passion and discipline
  • #19,820
  • Aug 17, 2010 10:22am Aug 17, 2010 10:22am
Seller9 Alerts are kicking ...
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