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THV system, final edition

  • #20,041
  • Aug 26, 2010 6:27am Aug 26, 2010 6:27am
Hi, I had a lucky week with thv last week and now im loosing alot of trades. Can anyone link me to any good articles or posts explaining trendlines and types of breakouts etc? I think im drawing them wrong which is why I'm loosing so many trades all of a sudden.

Thanks
  • #20,042
  • Aug 26, 2010 6:39am Aug 26, 2010 6:39am
Quoting seller9
Right now I am running the M1 alert on a M15 chart to get the larger picture. In its latest form it only should alert one time in the same direction and should take a direction reverse before alerting again.
Long - short - Long - Short or Short - Long - Short - Long. Also to reset it just open the indicator config window and close it agin and it should reset if you don't want to wait for it to reverse.
When I get it to the final version I will write up a PDF on how it works. There are a few other ways I have coded it that help to improve the basic...
Hello Seller9, thanks a lot for your answer. So let me recap, if I have get it all.
M1 alert is an alarm that will give us a signal on 1 min chart (no matter if the chart tf is on a different tf) when coral + cloud + trix are aligned with the typical THV rules.
You also added to it adx indi as an another rule.
In order to work properly we have to load it as it is (your last zip attachment) or together with the thv template.
Thanks
Fred
  • #20,043
  • Aug 26, 2010 7:19am Aug 26, 2010 7:19am
Hello all,
I just started reading this thread. And notice that some people use V3 and some V4. What is prefered to use?
  • #20,044
  • Aug 26, 2010 7:44am Aug 26, 2010 7:44am
Quoting Superboy
Hello Seller9, thanks a lot for your answer. So let me recap, if I have get it all.
M1 alert is an alarm that will give us a signal on 1 min chart (no matter if the chart tf is on a different tf) when coral + cloud + trix are aligned with the typical THV rules.
You also added to it adx indi as an another rule.
In order to work properly we have to load it as it is (your last zip attachment) or together with the thv template.
Thanks
Fred
You can use it on any chart, any time frame, as long as you have the required indicators in your indicator folder, they don't have to be on the chart, you can use any chart. It follows the rules as posted in post 19997 regardless of the chart it is on.
Just remember, its not perfect, its only an alert.
Good Luck
  • #20,045
  • Aug 26, 2010 8:14am Aug 26, 2010 8:14am
Good point! And the hourly 200 EMA and SMA are just above there too, making it a fine place to stand aside.

Quoting Monmak
I count ... At least two lines are there. See pics
  • #20,046
  • Aug 26, 2010 8:48am Aug 26, 2010 8:48am
hi guys! i wanna know how you people figth against fear! cos its a very dificult thing to overcome to me, i just did a bad trade cos i chicketout, i close the trade with -4 pips whit no reasons to get out, if i wouldnt close the trade i would have 15 pips
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passion and discipline
  • #20,047
  • Aug 26, 2010 9:51am Aug 26, 2010 9:51am
Hi Tread !

Thank you for answer. I want to ask you ( I know that you have already write here but i can't find it), what are you looking for, to analyse, after an alert ? Timeframes, patterns, fibo, breakout trendlines...
Probably that would be better to create a template only for analyse for this system.

Thank you
  • #20,048
  • Aug 26, 2010 10:01am Aug 26, 2010 10:01am
Lots of good info in these videos by Dean Malone
http://www.compassfx.com/synergy/commentary.htm

Quoting BigT
Hi, I had a lucky week with thv last week and now im loosing alot of trades. Can anyone link me to any good articles or posts explaining trendlines and types of breakouts etc? I think im drawing them wrong which is why I'm loosing so many trades all of a sudden.

Thanks
  • #20,049
  • Aug 26, 2010 10:12am Aug 26, 2010 10:12am
Quoting rohule
hi guys! i wanna know how you people figth against fear! cos its a very dificult thing to overcome to me, i just did a bad trade cos i chicketout, i close the trade with -4 pips whit no reasons to get out, if i wouldnt close the trade i would have 15 pips

Okay, having been where you are, here is my take, see pic for why Technically you should have stayed in the Trade.

Now to deal with the psychological aspects.

Entering into a trade is a gamble, you analysis helps stack the odds in your favor, but you are still gambling.

Now with that firmly in mind ....

You never gamble what you cannot afford to loose, when you put in a stop loss (a respectable amount) you are saying "This is how much I am willing to lose in order to make a profit"


Now this leads to a second question .

What is your lot size in relation to your account? Since its the loosing of the money that causes the panic, if you panic when you are 3 pips down that mean you are definitely trading the wrong lots.

Typically 1 - 2% of the account as a maximum should be risk.

So if I have a 100 dollar account (yes I have been there), then 1% is 1 Dollar, if I want to have a 10 Pip Stop Loss, then my MAX lot size is 0.01

At this point when I enter the trade, worst case scenario ...i lose 1 Dollar, it might be less if the indicators suggest that the trade is not working out.


There are many ways to deal with this (search the forums), but short of learning the hard way (blow your account), I suggest you open a demo account (free money) with a Realistic Account value and leverage that you would trade LIVE. Then see if you can increase that account.

Once you are fully confident in your skill then trading with a couple of pips down will not faze you.

My favorite watch words
"Optimism means expecting the best, but confidence means knowing how you will handle the worst. Never make a move if you are merely optimistic."

Optimism can be a speculator’s enemy. It feels good and is dangerous for that reason. It produces a clouding of judgment. It can lead you into a venture with no exits. Even when there is an exit, optimism can persuade you not to use it.

You should never make a move if you are merely optimistic. Before committing your money to a venture, ask how you will save yourself if things go wrong. Once you have that worked out, you’ve got something better than optimism. You’ve got confidence.


My last bit of Advice, get some books written by Traders...read them ... you may not adopt their style, theory etc etc ... but it will give you a breath of scope that allows you to think about the big picture ...

Okay.... Im done with the sermon
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  • #20,050
  • Aug 26, 2010 10:24am Aug 26, 2010 10:24am
Quoting vasi
Hi Tread !

Thank you for answer. I want to ask you ( I know that you have already write here but i can't find it), what are you looking for, to analyse, after an alert ? Timeframes, patterns, fibo, breakout trendlines...
Probably that would be better to create a template only for analyse for this system.

Thank you
I am looking for it all, which includes using the magic 8 ball on my desk .

It's typical practice to have multiple charts for analysis, some would have Trend Lines drawn /Fibs, others would have indicators (Strength, Volume, Volatility, Momemtum), I have the Rainbow Charts also. I tend to over analyze, but some of my trades are 1lot size, so for those I want to be sure, I rather miss the trade then enter and loose
  • #20,051
  • Aug 26, 2010 12:29pm Aug 26, 2010 12:29pm
Quoting MissPips
See this post - http://www.forexfactory.com/showpost...ostcount=20037

You bought right in the area of the fat red/purple line in the hourly screenshots - plenty of resistance there.
Thanks MissPips,
But im not entered, just showing wrong signal by alert, and its show we must be careful and do analyse before anything
  • #20,052
  • Aug 26, 2010 12:33pm Aug 26, 2010 12:33pm

Quoting POSTiGA
Thanks MissPips,
But im not entered, just showing wrong signal by alert, and its show we must be careful and do analyse before anything
  • #20,053
  • Aug 26, 2010 3:16pm Aug 26, 2010 3:16pm
Quoting seller9
The criteria for the M1 alert is at post 19997.
The M1 alert is at post 19957.
The Alert V20A is at post 18763.

The M1 alert criteria are based on some of the settings Tread was using.

Use the V20A alert if you want to select your own combination of alerts, although it doesn't have the ADX, but you could just put that indicator on your chart by itself.

The charts I posted earlier were M15 charts using the M1 alert. I want to see a bigger picture than just M1 shows and it also gets me past some of the noise in the M1. I never trade using just...
It was recently pointed out to me that the alerts were being looked at in the wrong way .(actually my younger brother pointed it out ... he trades this part time also).

There have been talk about getting into the trade late or to early or not all, we have looked at leaving out some stuff so the indicator alerts us in time to catch the trade ...etc etc.

Lets go back to the basics for a second.... we look at the MTF values to confirm the trade ...right? Well yes ...we do, but more importantly the MTF values build the framework to stand on... the TRIGGER for the trade is M1 Trix (after analysis)....

So going back to the Indi, we need to let the MTF Entries (TRIX, ADX, EMA) form the alert

Then you wait for the Trix Cross on the M1 , it could not get any better than that.

The point is this, waiting for the higher timeframe values to provide a trigger will mean that the Trix Cross on M1 will/may not be fresh and contribute to the late entries ...

Check out this post from MissPips
http://www.forexfactory.com/showpost...ostcount=19814
  • #20,054
  • Aug 26, 2010 3:45pm Aug 26, 2010 3:45pm
I read all of the information on pages 1 - 50 and got the basic ideas and charts. But there have been so many pages of posts that as I look at the last 25 pages there have been many changes to the charts. The charts from page one are a lot different from the current charts on the post. I believe it would help save a lot of time for everyone if there was a page/section that kept up with the latest changes, charts and inicators.

Thank you for any and all help.

This will bring new people to the post up to speed quickly.

Keeper81
  • #20,055
  • Aug 26, 2010 4:43pm Aug 26, 2010 4:43pm
Quoting Tread
Okay, having been where you are, here is my take, see pic for why Technically you should have stayed in the Trade.

Now to deal with the psychological aspects.

Entering into a trade is a gamble, you analysis helps stack the odds in your favor, but you are still gambling.

Now with that firmly in mind ....

You never gamble what you cannot afford to loose, when you put in a stop loss (a respectable amount) you are saying "This is how much I am willing to lose in order to make a profit"


Now this leads to a second question .

What is your lot...
Hello my friend, here are my points:
1) support was around 12:25 candle wick
2) too many indicators...1 min adx ...it is just noise....
3) fear of loosing big? or loosing your honor? (meaning just a psico thing).
If it is loosing big, you know what to do...resize your bet, if it is your honor you just have to accept that loosing is our daily expense, after all trading is the most conservative business in terms of extras!!
Good luck buddy and thanks to the community fro being such a great help!
Fred
  • #20,056
  • Aug 26, 2010 6:26pm Aug 26, 2010 6:26pm
can someone please point me to the file with the 10 row of lights? i think it was written by miss pips. i deleted it & cannot find it now...

M1 fast
m1 slow
m5 fast
m5 slow
m15 fast
m15 slow
m30 fast
1H fast
15 cloud
30 cloud
  • #20,057
  • Aug 26, 2010 6:44pm Aug 26, 2010 6:44pm
Quoting chiba_san
can someone please point me to the file with the 10 row of lights? i think it was written by miss pips. i deleted it & cannot find it now...

M1 fast
m1 slow
m5 fast
m5 slow
m15 fast
m15 slow
m30 fast
1H fast
15 cloud
30 cloud
Those are the THV Trix MTF indicator and the thv ichimoku cloud histo indicator.
  • #20,058
  • Aug 26, 2010 6:51pm Aug 26, 2010 6:51pm
See Pic.. it i called the THV4 TRIX MTF ... just run the V4 Installer it will reinstall the indicators if you deleted of the computer
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  • #20,059
  • Aug 26, 2010 7:15pm Aug 26, 2010 7:15pm
thanks tread
  • #20,060
  • Aug 26, 2010 7:16pm Aug 26, 2010 7:16pm
Quoting gmcl02
Those are the THV Trix MTF indicator and the thv ichimoku cloud histo indicator.
thanks
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