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THV system, final edition

  • #20,421
  • Edited 9:09am Sep 28, 2010 8:46am | Edited 9:09am
thank you so much for your efforts, i have a cuestion. why you didnt enter in that trade? you have to have 3 trix in the same colour/direction or have another filter and do you still take 1M trades?
thank you and have a good day!

ohh i see! its because you made a trade when the emas are well spreaded out and you have 2 trix in the same colour right?
Attached Image (click to enlarge)
Click to Enlarge Name: 2010-09-27_2310.jpg Size: 207 KB
passion and discipline
  • #20,422
  • Sep 28, 2010 8:49am Sep 28, 2010 8:49am
hey tread, anyway that you can posting your trading template? thanks.
  • #20,423
  • Sep 28, 2010 9:07am Sep 28, 2010 9:07am
hi guys,

I have a question. i noticed the news was coming. the other 2 USD related currencies were way oversold or undersold. cant remember which ones exactly...

anyways, the only one anywhere near zero was this usd/jpy currency. this was at the 10pm news for the 2 usd related currencies. i put it on the 1m chart, and it looked like it was going to go up. i knew there would be a spike either up or down. it looked too good to be true that the trix would align green near the zero for a buy....

...so i took a sell trade at 1 mini lot ($1usd/pip). it worked out. the only reason i took a sell instead of a buy was because it looked too good to be true... it looked too obvious. and i knew it was going to be a crazy spike one way or another... it looked too good to be true for a +30 pip spike in the direction of the indicator.

was i just lucky? or could it have gone either way, as in 50/50? or would going against the indicators 1->2 minutes prior to news work, due to a fakeout just before the true direction?

any comments would be appreciated.

edit: in fact, you cant even see it now anymore... but at the time, just around 90 seconds before it spiked, both fast and slow were at the zero for at least 30 seconds... if you look at it now, the trix will just show that it's been red the whole time; before, during and after the spike.....the truth is, it wasn't.
  • #20,424
  • Sep 28, 2010 9:13am Sep 28, 2010 9:13am
Quoting pips r us
Tread,

Employing your described strategy. On the M1 would you enter if the fast trix was at or above overbought zone. This was/ is the case with the EURJPY at present. It carried on going up yet for a buy yet I did not go in as I thought not to enter given M1 fast trix being in overbought. What are your thoughts on this?

Thanks
I would respect the overbought condition, but entry would depending on momentum and other indicators. At this time I would not say "stay out" because is of overbought. it depends on the type of entry

A breakout of the MA already implies momemtum and as such the trix should start to reflect this also. I have not had much of issue with the ovebought condition.

If entering in an already established trend, yes i will not enter when it is overbought, I will wait till it points in the direction of my trade
  • #20,425
  • Sep 28, 2010 9:15am Sep 28, 2010 9:15am
Quoting rohule
thank you so much for your efforts, i have a cuestion. why you didnt enter in that trade? you have to have 3 trix in the same colour/direction or have another filter and do you still take 1M trades?
thank you and have a good day!

ohh i see! its because you made a trade when the emas are well spreaded out and you have 2 trix in the same colour right?

You are correct rohule, the primary idea is that you want to see order and a nice increasing seperation.

The rules associated with using the Rainbow can be applied to these EMA
  • #20,426
  • Sep 28, 2010 9:17am Sep 28, 2010 9:17am
Quoting toafdawg
hey tread, anyway that you can posting your trading template? thanks.

See Attached
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 2010-09-28_0926.jpg Size: 137 KB
Click to Enlarge Name: 2010-09-28_0927.jpg Size: 129 KB
Attached File(s)
File Type: tpl thvclassic.tpl   660 KB | 746 downloads
File Type: tpl thvpipware.tpl   649 KB | 756 downloads
  • #20,427
  • Sep 28, 2010 9:28am Sep 28, 2010 9:28am
Quoting Tread
You are correct rohule, the primary idea is that you want to see order and a nice increasing seperation.

The rules associated with using the Rainbow can be applied to these EMA
thank you Tread! still trading M1?
passion and discipline
  • #20,428
  • Sep 28, 2010 9:31am Sep 28, 2010 9:31am
[quote=Tread;4054895]I would respect the overbought condition, but entry would depending on momentum and other indicators. At this time I would not say "stay out" because is of overbought. it depends on the type of entry


Hi Tread !

Please look at my setup for trend.
thank you
Attached Image
  • #20,429
  • Sep 28, 2010 9:36am Sep 28, 2010 9:36am
With regards to using the EMA, watching the trend form can be difficult. Bill Williams shifts the EMA for the alligator, to allow use to have a better view of what is happening

If you are finding it difficult to see the trend forming, use the following shift values

EMA 13, Shift 3
EMA 21, Shift 5
EMA 55, Shift 8
EMA 89 Shift 8
EMA 233 Shift 3
  • #20,430
  • Edited 10:21am Sep 28, 2010 9:38am | Edited 10:21am
Quoting vasi
Hi Tread !

Please look at my setup for trend.
thank you

Set "Trend Order" = True

EMA are set to

Trend Short 21
Trend Medium 55
Trend Long 89
  • #20,431
  • Sep 28, 2010 9:54am Sep 28, 2010 9:54am
Tread,

On the classic template you just posted, there was an EMA 34, why is this? and where is your EMA 89?

I have on my chart the following EMA's:

13, 21, 55, 89 and 233. Am I wrong?
  • #20,432
  • Sep 28, 2010 10:03am Sep 28, 2010 10:03am
basically, did you just incorporate the rainbow right into the thv chart so that it's even more accesible more quickly for a trade decision?
  • #20,433
  • Sep 28, 2010 10:09am Sep 28, 2010 10:09am
Hi Pip

You are correct, the I posted my latest template that I was testing. The 34 MA is for a future mod based to aid with rentry.

You can just change the 34 to 89 an should be good to go. I'll edit the post in a bit
  • #20,434
  • Sep 28, 2010 10:17am Sep 28, 2010 10:17am
Quoting chiba_san
basically, did you just incorporate the rainbow right into the thv chart so that it's even more accessible more quickly for a trade decision?

Actually it started of as using a Bill Williams Alligator, using higher Fibonacci Numbers and using his "Rubberband" methodolgy, but I guess add enuff MA and it will be the Rainbow
  • #20,435
  • Sep 28, 2010 10:29am Sep 28, 2010 10:29am
Thanks Tread :-)

I was reading some old posts and I notice you use cavemanager, is that correct?

I have been tweaking with the options. I would certainly never ask for your set. But if you would be so kind just to elaborate on how you use it a little I owuld really appreciate it.

Do you use capital protection, I tried it at 10 pips but obviously not enough breaking space.

I also cannot figure whether ATR SL, TP and trailing stops are best to use or whether to go down the batch route.

Thanks.
  • #20,436
  • Sep 28, 2010 11:02am Sep 28, 2010 11:02am
Great work Tread...

intersting settings and checking out chaos theory

Quoting Tread
With regards to using the EMA, watching the trend form can be difficult. Bill Williams shifts the EMA for the alligator, to allow use to have a better view of what is happening

If you are finding it difficult to see the trend forming, use the following shift values

EMA 13, Shift 3
EMA 21, Shift 5
EMA 55, Shift 8
EMA 89 Shift 8
EMA 233 Shift 3
The Kamakazi
  • #20,437
  • Sep 28, 2010 11:09am Sep 28, 2010 11:09am
Hello!!! My name is Robert, I´m from Tenerife, Spain. I will begin to use this system, and I'm reading all the post from the beginning jeje ufffff... I have been 1 year trading forex so I know all the basic stuff like R&S, TL, Fibo, etc. I can see that some of the makers of the system are not longer here, like Cobra, what a shame... but I can also see that much of you use it with good results every day... so, I will need your help if you all dare... this is my first question... should I use the V3 or V4... thank you very much!!!
  • #20,438
  • Sep 28, 2010 11:44am Sep 28, 2010 11:44am
Hi again Do you know if there exists any Coral Alarm? when price cross over it in any direcction? thanks
  • #20,439
  • Sep 28, 2010 12:02pm Sep 28, 2010 12:02pm
Quoting pips r us
Thanks Tread :-)

I was reading some old posts and I notice you use cavemanager, is that correct?

I have been tweaking with the options. I would certainly never ask for your set. But if you would be so kind just to elaborate on how you use it a little I owuld really appreciate it.

Do you use capital protection, I tried it at 10 pips but obviously not enough breaking space.

I also cannot figure whether ATR SL, TP and trailing stops are best to use or whether to go down the batch route.

Thanks.
Attached is a set file with

TP - 25
SL -15
TrailingStop 15
Captial Protection - 10
Buffer - 1

Captial protection means that when the system moves 10 pip it will lock in the value under the Buffer.

Regarding ATR, I am a big fan of it, but for the purposes of scalping I would suggest hard targets. In a slow build up ATR values are low, you could exit out because of the low values, when you should just ride it. Like wise with high volatility, u could get some very high values that may be unrealistic.

If you could break up the order(your order size), then Batch is a great way to go, but this you need to get from playing with.

I have attached , a basic and a 3 stage exit
Attached File(s)
File Type: zip cavebasictp25sl15.zip   1 KB | 798 downloads
File Type: zip 3stage.zip   1 KB | 734 downloads
  • #20,440
  • Sep 28, 2010 12:29pm Sep 28, 2010 12:29pm
Quoting robertotf
Hi again Do you know if there exists any Coral Alarm? when price cross over it in any direcction? thanks
The THV3 Coral has that feature built in


Either one will work, V4 just looks nicer!! and uses a Trix value of 1.2.]

I suggest that you load both. The method the same for each
Attached Image
Attached File(s)
File Type: ex4 THV3 Coral.ex4   16 KB | 577 downloads
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