THV system, final edition

Here is an example of my favorite setup that I am going to pass on.



Reasons:
Too near trendlines on the 1 hr and 15 m charts
5 m trix is in overbought
15 trix cross up here is too near overbought
Too near 50% fib at 1.3080.
It's counter the main trend. It might work but this setup is pretty far into the retrace for me to be happy with.

hey cobra. do u know where is cashmeer?
i like his trading consideration very much
and nuancom where is she?

Nice call,here is result,more than 100 pips,but its too early for confirming a new trend.

Good observation Cobra!

The more I look at it the more I am being convinced that it is useable on higher tf.

Do you maintain all thv settings on default even on H4 ?

I wonder if we have a big group of thv users trading these big timeframes.

Thanks

FXler, thanks a lot.

another lose today :'(

http://img340.imageshack.us/img340/7854/sellj.jpg

Looks like this trade was against M5, M15 and H1 trend...

Hi imperatorfr,

take a look at the screenshot. Maybe I found a few things not to go short.

This is my first post helping with trading so please everyone tell me if I am right or wrong. I am learning as well. I don't feel ready at this time to help but these things came to my mind when I saw the trade.

Also the template is not final. I am still changing things. Maybe, MissPips and others can help. I'am using six out of eight point methode right now. If you see anything that doesn't make sense with my template or the screenshot, would you please tell me? By the way thanks for that rainbow indicator. It's great. I've modified the colors for my purpose.

http://s10.directupload.net/images/1...p/vu49tv2k.png

M5 and Higher TFs's trend is UPTREND very strong.

Remember that "Trend is your friend".
Don't look at M1 only. Take a look at higher timeframes and determind your trends before trade in M1.

Thanks for reply.

Again 36 pip loss today, but i try, still and still and still :')

This is a major thing to consider.

Looking at the bigger picture helps. See the whole forest and not just the tree.

That is why I like to use the rainbow and not just the coral to see the trend. If you look at any of the various rainbow templates I've posted you can see that the rainbow hadn't flipped there.

I thought PA today was pretty erratic which can happen when you have a day where it is retracing against what has been the main trend because some players in the market still think it's a downtrend and are selling while others think a new uptrend has started and are buying. For example for most of the day it couldn't hold the 15 trix, the 5 m trix and the 1m trix in the same direction with a nice spread, and the 15 m trix was red against the uptrend for a good part of the day. And it spent a lot of time in the chop zone. Personally I find days like this hard to trade and if I dont see anything I like I just stay out.

However a few comments:
If you look at the screenshot below you can see the difference in how the rainbow looks for the trade that works and the one that doesn't. I didnt take that trade either because I didn't like all that MA support there and the top of the range that it was in last night there at 1.3050.

Also if you look to the left of where you took the trade you will see that price stalled there a few times and then went up. There is a Camarilla line there and the 60 EMA from the 1 hr tf right there too. So if you were going to trade there then you would like to see that broken and retested.

Also if you look at the screenshot you will see yellow there in the chop zone indie which matches the price action. When you see that you know that somebody big is either accumulating or distributing or the market is just waiting for something to happen. BUT since you are not one of the big boys you dont know which. So it's better to see a decisive move, which you can see when the chop zone rows both turn one color.

Also in this case that trade was 20 minutes before a red item news which in my opinion is not a good time to trade.

And lastly, I did do a post yesterday afternoon
http://www.forexfactory.com/showpost...ostcount=21575
about all the divergence across multiple timeframes and the double bottom at 1.2970 and warn everybody about being very careful with shorts. When you see that much divergence combined with double bottom you really should be careful about not shorting until there is a clear signal that the downtrend has resumed (like at least the 5 minute trend reverses back or maybe a retest of the daily trend line that was broken and a move back down)

Folks

Pardon this post, but everyone can do with a laugh now and again...

ever wonder how Hilter would act if he traded forex?... See here

hi,cobra thanks for ur system
could you tell me the parameter of your cloud,my cloud looks weird,different with yours

Poor Adolph and his margin call !!



Happy Holidays and Good Trading !

Cigarguy

you are right. Today the trend of the EUR/USD is going Bullish.
your Divergence on 4 hr chart is very useful.
Take a look at this chart today.

http://preview.shareapic.net/preview7/024001356.gif

I like that 4H divergence too; went a bit early with these signals, but Asian session is on low side for pip range and looking for breakout to upside ???

Now at breakeven for SL, so waiting on London open, holding ok on Europe open

Arun,

Could you add a feature that the TF need to be adjusted only once. In current version user has to change TF for Trix, trend, adx, Damiani, Fractal respectively.

Or may be its a good idea to leave the flexibility to users who want to see those indies in different TF, e.g. "autoTF=true/false", so a user can change the TF as he wishes.

Millions of pips of thanks

Homer

Hello everybody. I knew THV 1 year ago, I've been trying hard to make money on THV for a long time.

I trade on M1 , M15 (candlestick support)

Trading time: 9 hours after London open ( because I need sleeping)

SL: 15 pips TP: 50pips (It's hard for me to find exit point)

Big thanks to THV member

Happy trading everybody

@ Monmak,

Some days you could get more pips with less indicators or even thinking.....