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THV system, final edition

  • #20,001
  • Aug 24, 2010 8:31am Aug 24, 2010 8:31am
the usd/chf a couple of minutes ago, we got the yellow arrow pointing down. and then just now. another arrow pointing down, except that it's white. what does that mean?

did anybody take the trade on the downward arrow on the gbp/usd around 1.5 hours ago? it reversed immediately...


i just can't figure out why i didn't get the yellow arrow pointing down on the eur/usd around 30 minutes ago.......so strange
  • #20,002
  • Aug 24, 2010 8:38am Aug 24, 2010 8:38am
It's good to bank the pips, however pay attention to the formation of the HA candles .... a hammer formed followed by that large of a candle can indicate a short term spike, since your entry would have occurred after the arrow, watch to see that the candles are growing
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  • #20,003
  • Aug 24, 2010 9:27am Aug 24, 2010 9:27am
ohhh....bad call. just got 20 pips off the gbp/usd. the ONLY reason i sold was because the wick was soooo big.... i don't think it was a good idea....but that's just the way it goes... it continued to go up after that...
  • #20,004
  • Aug 24, 2010 10:04am Aug 24, 2010 10:04am
Something like this could be expected.
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  • #20,005
  • Aug 24, 2010 10:20am Aug 24, 2010 10:20am
Quoting ricmi
Something like this could be expected.

Yup, the Home Sale was expected to be bad due to the expired tax breaks ....3 months running ...
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  • #20,006
  • Aug 24, 2010 10:20am Aug 24, 2010 10:20am
Just spent one month studying the basic of forex.
Time for me to look for a system and try with demo account.
I have searched around FF, found out THV system has the highest views & replied. I can assume its one of the best system in FF.

However, do you think this system is suitable for newbie to try? (note: will be using demo account )
Or i should start with Sonic R system or 4 Hour strategy (MACD) ?
Thanks!
app
  • #20,007
  • Aug 24, 2010 10:24am Aug 24, 2010 10:24am
Entry
Update: closed with +10pip
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  • #20,008
  • Aug 24, 2010 10:43am Aug 24, 2010 10:43am
Quoting chiba_san
funny, i am looking at your screen, and my screen right now. they look identical...except that i didn't get the arrow pointing down to tell me to get in the trade....
I see the same thing happen between different brokers using the same pair with the same alerts, one will alert and the other won't.
  • #20,009
  • Aug 24, 2010 10:48am Aug 24, 2010 10:48am
Hello Seller9
I have an idea about the crossing Coral, mean when PA cross the Coral and below or above Ichimoku we get the alarm then check other rules and functions,
can take 10-20pip !
sorry for my bad english
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  • #20,010
  • Aug 24, 2010 10:50am Aug 24, 2010 10:50am
What is ur broker chiba_san ?
  • #20,011
  • Aug 24, 2010 10:51am Aug 24, 2010 10:51am
seller, we all appreciate your efforts. i'm hopeful we'll have your indicator torqued eventually, but as it is right now...it's pretty good.... it's definately going to give a winning ratio as it is right now.

for the most part, it seems to work better on 5 minute... just what i've observed thus far. but then i guess it could all change after a couple more days observation....

postiga: FXCM is my broker
  • #20,012
  • Aug 24, 2010 11:02am Aug 24, 2010 11:02am
Quoting chiba_san
seller, we all appreciate your efforts. i'm hopeful we'll have your indicator torqued eventually, but as it is right now...it's pretty good.... it's definately going to give a winning ratio as it is right now.

for the most part, it seems to work better on 5 minute... just what i've observed thus far. but then i guess it could all change after a couple more days observation....

postiga: FXCM is my broker
The alert acts the same no matter what chart time frame you put it on, its all hard coded to the M1 rules as stated previously. I watch mine on the M15 to get a larger picture of whats going on and then when I get an alert I move to the M1 for my best entry if everything else looks OK.
A fairly decent exit on the M15 chart is to watch the M15 Slow trix for a color change. If you get a color change but PA is moving sideways then you may want stick it out as it may be just some consolidation. Sometimes it forms a flag which means you may only be at the halfway point of your move.

Edit: I had an alert on EURUSD on FXDD yesterday and at the same time no alert on IBFX, and this was with the same alert, so alerts can vary, and it was a nice short trade.

Good Luck
  • #20,013
  • Aug 24, 2010 11:04am Aug 24, 2010 11:04am
Quoting ricmi
Something like this could be expected.
Hi Ricmi !

I'm looking to your setup... M15 Cloud, M30 Cloud, H1 Cloud... and the last one.....? What is it?

Thank you
  • #20,014
  • Aug 24, 2010 12:17pm Aug 24, 2010 12:17pm
M30 both,p4=30/15
  • #20,015
  • Aug 24, 2010 6:24pm Aug 24, 2010 6:24pm
I have the M1 Alert running on 10 pairs and out of 10 pairs I got 9 alerts in my past trading session, 7 real good ones and 2 not so good. Below is a cut and paste of just the alert section of the chart to save space. You can compare these cut outs to your full chart. They were all shorts.
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  • #20,016
  • Aug 24, 2010 6:45pm Aug 24, 2010 6:45pm
That's real good news, and I saw that most ran more than 10 pips, so 5 trades would have been pure profit
  • #20,017
  • Aug 24, 2010 7:05pm Aug 24, 2010 7:05pm
Can't watch that many pairs, makes me have double vision

But I was watching 'bout an hour before the NY close the E-Yen signal and that was a 70 pip move. It didn't jump either, plenty of time to see the setup.

Got my attention, I'm watching!

Cheers
  • #20,018
  • Aug 24, 2010 7:14pm Aug 24, 2010 7:14pm
Quoting goldsurfer
Can't watch that many pairs, makes me have double vision

But I was watching 'bout an hour before the NY close the E-Yen signal and that was a 70 pip move. It didn't jump either, plenty of time to see the setup.

Got my attention, I'm watching!

Cheers
I don't watch them, the alert watches them and lets me know when its time to take a look. It gets boaring watching one or two charts and then after 4 to 8 hours if they don't move I feel like I have wasted the entire morning. With 10 charts, something is always going to move.

Good Luck
  • #20,019
  • Aug 24, 2010 7:56pm Aug 24, 2010 7:56pm
Quoting seller9
I don't watch them, the alert watches them and lets me know when its time to take a look. It gets boaring watching one or two charts and then after 4 to 8 hours if they don't move I feel like I have wasted the entire morning. With 10 charts, something is always going to move.

Good Luck
Kinda like watching paint dry or a soccer match....

I don't want to become too dependent on the Indy so I'll stick with 3 charts for now.....

Just locked in profit on a E-Yen long trade....no alert from 1m but lota green and the V20a for 5m was looking good + my chart setup

good luck
cheers
  • #20,020
  • Aug 24, 2010 8:26pm Aug 24, 2010 8:26pm
seller, is the v20 an indicator you wrote? if so, can you point me to the page to download it?

what is the criteria for the ADX button on your "M1_THV_ADX" to change colour? it stays yellow a lot...

Since those coloured buttons on your "M1_THV_ADX" indicator must have ADX to be in agreement before they change their colour, wouldn't you say M1, M5 and at least the fast on M15 agreeing is a pretty good trade?
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