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THV system, final edition

  • #21,281
  • Nov 3, 2010 12:35am Nov 3, 2010 12:35am
I figured I'd start posting some of my trades as this thread seems to be slowing down. I took this trade a couple of hours ago. I typically go for 10-15 pips per trade with a 15 pip sl.

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  • #21,282
  • Nov 3, 2010 12:40am Nov 3, 2010 12:40am
Posts are always welcome.... like the MTF HA indi. Just a quick note.. when posting... say what prompted the trade as it will help other traders... example...ALL Trix Red, M1 Trix cross, all under EMA etc etc...
  • #21,283
  • Nov 3, 2010 12:46am Nov 3, 2010 12:46am
Quoting Tread
Posts are always welcome.... like the MTF HA indi. Just a quick note.. when posting... say what prompted the trade as it will help other traders... example...ALL Trix Red, M1 Trix cross, all under EMA etc etc...
"Optimism means expecting the best, but confidence means knowing how you will handle the worst. Never make a move if you are merely optimistic."

hi,tread, like your signature.it showed me my biggest problem.
A chart helps those who can read it.
  • #21,284
  • Edited 8:12am Nov 3, 2010 7:07am | Edited 8:12am
hi all... pls comment on my trade if it is a 'good' one perhaps... all trix red and adx is -DI is up with strength... is this the thv method in play? kindly advise.. tq~

http://img218.imageshack.us/img218/6853/eus01.th.jpg

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edit: thanks pumlit, much appreciated... i exit with some +pips im lucky the news favoured usd... other times mebe not so lucky.. hmm..

edit2: Tread - thanks for ur input.. goin against the coral is wrong! i will keep that in mind.. i think that the trend is goin down now is cos of the news perhaps.. alright i will take good note of ur other points.. thanks alot.. btw, i jus got a sell signal from EU...
  • #21,285
  • Nov 3, 2010 7:10am Nov 3, 2010 7:10am
Quoting Knightz
hi all... pls comment on my trade if it is a 'good' one perhaps... all trix red and adx is -DI is up with strength... is this the thv method in play? kindly advise.. tq~



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USD high impact news release in a few minutes. Not good time to start any trade now. (If you don't trade the news.)
And tehcnically I would not take this trade as it is counter-trend (m5, m15).
Follow my trading on Twitter and FB: @pumlitch
  • #21,286
  • Nov 3, 2010 7:55am Nov 3, 2010 7:55am
Quoting Knightz
hi all... pls comment on my trade if it is a 'good' one perhaps... all trix red and adx is -DI is up with strength... is this the thv method in play? kindly advise.. tq~

Aside from Pumlitch comments which are totally right, the news can crucify you. If this trade was being setup in when no news were present you want to look at:

1.) A price channel is existing between 1.40530 and 1.40470, so you want to wait for decisive break out of this channel.

2.) Also, look at how many time the price is breaking the coral in a short space of time, it is showing inconsistency on the trend at that timeframe, you want the price to break the coral and remain on the correct side and show indication of continuing (price expanding away from the coral)

3.) The coral is also green and heading up, which indicates a long trend, so going short against the coral is not a good idea.

4.) Also regarding the Trix notice how the history show small high and lows? This indicates weak momentum, which mean that should you enter, it may not necessarily sustain the entry.


My advice is to scroll some of the charts, look at the the areas that gave nice trends and observe how the indicators behaved at that point.

Remember, do not try to catch the beginning of the trend as this can be disastrous, with this setup, you want to get in after the trend has established and then take profit of it. So wait till the trend is established.

For More Tips check out these post by MissPips

http://www.forexfactory.com/showthre...65#post3921365

http://www.forexfactory.com/showthre...92#post3998192

http://www.forexfactory.com/showthre...73#post3389173
  • #21,287
  • Nov 3, 2010 11:55am Nov 3, 2010 11:55am
Hi all I have set-up a trading journal of my exp using THV4,SAH and Cavemanager 1.41 on a live account, check it out if your interested.
Its for all newbies like me who need simple entry rules because I so don't understand all this technical stuff. You also have the cavemanager EA to make all the hard decisions for you. Its a noobs dream.

http://www.forexfactory.com/showthread.php?t=263782
  • #21,288
  • Nov 3, 2010 7:06pm Nov 3, 2010 7:06pm
Look like a very good Trading system for daytrading. But I like to write at longer time frame (1 hour, 4 hour). Using 1 minutes chart to trade forex is too hard for me especially i am a beginner. However, I really love this system and I will use this system to trade forex.
  • #21,289
  • Nov 3, 2010 9:32pm Nov 3, 2010 9:32pm
hi guys!

i just exit in this trade, 1M fast trix cros slow, 5M trix fast cros slow and 0, below emas, below res, and SAH in red.
is this a good entry or should i need to wate for retrasement and sell a top?
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passion and discipline
  • #21,290
  • Nov 3, 2010 10:15pm Nov 3, 2010 10:15pm
Went long on the 5 min fast trix, fast and slow 15 min trix, 5 min adx, 15 min HA, and 5 and 15 min cloud. Good for plus 12 with a draw down of 2 pips. I also must have a 'spine' on the rainbow, and expanding fib moving averages provide by tread.

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  • #21,291
  • Nov 3, 2010 11:48pm Nov 3, 2010 11:48pm
Hey Cobra, thanks for this system. I've downloaded the V3 and V4, and also the manual, but the manual seems to be more for the V3 and not much is said for the V4. Sorry, I can't go through the whole thread to see what to do, so please tell me how to use the V4. I don't know where your blog is. Thanks!

[quote=cobraforex;2351491]

Welcome Traders and Beginners.


I present and share a system which I compiled to MT4.


The original idea came from an experienced trader (since 1994) his name here in FF is Turhovach he has the age of 59 years (not too far away from me, lol).



I have absolutely no commercial interest on what is shown in this thread, we are here to help each other.

  • #21,292
  • Nov 4, 2010 2:06am Nov 4, 2010 2:06am
Quoting pipsakola
Hey Cobra, thanks for this system. I've downloaded the V3 and V4, and also the manual, but the manual seems to be more for the V3 and not much is said for the V4. Sorry, I can't go through the whole thread to see what to do, so please tell me how to use the V4. I don't know where your blog is. Thanks!
V3 and V4 manuals are the same.
You will have to read at least the last 200-300 pages of this thread.
Made in Ukraine
  • #21,293
  • Nov 4, 2010 3:58am Nov 4, 2010 3:58am
Hi everyone!

Right now I am using "Pivot point Multitimeframeb" and "THV 4 TzPivotsD (Black)" to show me support lines and resistance.

Unfortunately alot of setups occur when PA is near some of these lines which of course prevents me from trading.
But often enough these trades just ignore my lines and so would have been a perfect trade according to the rules.

My question is, if somebody got some advises or personal experience using such indicators.

  • #21,294
  • Nov 4, 2010 4:51am Nov 4, 2010 4:51am
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Nice Pips....
  • #21,295
  • Nov 4, 2010 5:35am Nov 4, 2010 5:35am
Quoting Etecy
Hi everyone!

Right now I am using "Pivot point Multitimeframeb" and "THV 4 TzPivotsD (Black)" to show me support lines and resistance.

Unfortunately alot of setups occur when PA is near some of these lines which of course prevents me from trading.
But often enough these trades just ignore my lines and so would have been a perfect trade according to the rules.

My question is, if somebody got some advises or personal experience using such indicators.

Friend Personally I wont use pivot lines ....
I am using THV like my previous post ....
  • #21,296
  • Nov 4, 2010 6:04am Nov 4, 2010 6:04am
Quoting Etecy
Hi everyone!

Right now I am using "Pivot point Multitimeframeb" and "THV 4 TzPivotsD (Black)" to show me support lines and resistance.

Unfortunately alot of setups occur when PA is near some of these lines which of course prevents me from trading.
But often enough these trades just ignore my lines and so would have been a perfect trade according to the rules.

My question is, if somebody got some advises or personal experience using such indicators.

I have the same problem. Sometimes the price bounces off known S/R lines,
sometimes it simply goes through it without any problems.
Made in Ukraine
  • #21,297
  • Nov 4, 2010 6:14am Nov 4, 2010 6:14am
Quoting Badass_UA
I have the same problem. Sometimes the price bounces off known S/R lines,
sometimes it simply goes through it without any problems.
I think it is not a problem. It is just how it is. Trading is not easy.
I trade what I see and pay attention on SR, Pivot, Trend Lines etc., because something may happen there. It never works exactly. That is why each trader needs to have good money managment.
Follow my trading on Twitter and FB: @pumlitch
  • #21,298
  • Nov 4, 2010 8:30am Nov 4, 2010 8:30am
If you do not use pivots,try this-much better.
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  • #21,299
  • Nov 4, 2010 8:39am Nov 4, 2010 8:39am
Hi all, if your following my THV trading journal I canged my capital protection for the cavemanager EA. I also listed my profit for today on my live trading account. You can check it out here: http://www.forexfactory.com/showthread.php?t=263782
  • #21,300
  • Nov 4, 2010 9:20am Nov 4, 2010 9:20am
Quoting ricmi
If you do not use pivots,try this-much better.
Thank you friend ...

But I didnt have hope in SR ... for my trading style it wont affect ....'

Thanks Again

Arun...
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