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THV system, final edition

  • #21,581
  • Dec 2, 2010 7:56am Dec 2, 2010 7:56am
Quoting Monmak
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
wow, it's incredible for me thanks for sharing your report
  • #21,582
  • Dec 2, 2010 10:00am Dec 2, 2010 10:00am
thv3 ffcal2 is not working on my chart can i get some help i dont know if my inputs are correct
Attached Image (click to enlarge)
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KEEP IT SIMPLE PIPPING
  • #21,583
  • Dec 2, 2010 10:45am Dec 2, 2010 10:45am
ok, I guess we should never take a long trade if 5 m trix is in overbought and never take a short trade if 5 m trix is in oversold ?!
Today at 15:12 M5_fast was still red (before repainting), but it was in oversold zone:
http://b.imagehost.org/t/0298/trade.jpg

Quoting MissPips
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...
  • #21,584
  • Dec 2, 2010 1:25pm Dec 2, 2010 1:25pm
Lots of movement during overlap, here is the Aussie

cheers
Attached Image(s) (click to enlarge)
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  • #21,585
  • Dec 2, 2010 2:54pm Dec 2, 2010 2:54pm
Quoting goldsurfer
Lots of movement during overlap, here is the Aussie

cheers

That's a nice looking setup you have. Could you post your template, please? Thanks very much.
  • #21,586
  • Dec 2, 2010 3:39pm Dec 2, 2010 3:39pm
I find out that the thv trix crossing indicator on my 4 hour chart is very useful. coberforex remind me that there have the Divergenceline appear. The Divergence line is from THV trix indicator. I will open one more indicator.
http://preview.shareapic.net/preview7/024009830.gif

I exit the short position trade a little bit late. I should exit when the CCI and Thv trix have the opposite direction.
I should not wait until the momentum indicator have opposite signal.

I just wait until the momentum reach 100. I should earn 200+ pips instead of 145 pips
http://img1.imagehyper.com/t/0/0/310...9-3a621186.gif

the CCI is already reach above 0. I should exit the trade.
http://img24.imageporter.com/i/00161/aa2hmp6dyqkz_t.jpg
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  • #21,587
  • Dec 3, 2010 2:33am Dec 3, 2010 2:33am
I sell it when 6 red MTF appear... but it seems not correct...
Can anybody give me comment and suggestion?

I tried some, gain little, lose some... no idea.... but i have read the manual and many THV posts....
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  • #21,588
  • Dec 3, 2010 2:39am Dec 3, 2010 2:39am
I saw there is trix cross with buy signal but I saw bear divergence...
Should I take the trade?
  • #21,589
  • Dec 3, 2010 3:05am Dec 3, 2010 3:05am
Quoting shakeyiu
I sell it when 6 red MTF appear... but it seems not correct...
Can anybody give me comment and suggestion?

I tried some, gain little, lose some... no idea.... but i have read the manual and many THV posts....

I think:
M1 trix cross is too far and and you sold at 1.3200 - it`s very important psych level. Very often price bounces off it.
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Made in Ukraine
  • #21,590
  • Dec 3, 2010 10:37am Dec 3, 2010 10:37am
I don't know how the take profit from the 1m... it has gone for 20pips.. but i unable to close it... i don't know where should i stop...

thx for comment ...
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  • #21,591
  • Dec 3, 2010 7:15pm Dec 3, 2010 7:15pm
Here are 2 Pair that triggered today using the following alerts.
M15 charts are shown. Red area is my trade time zone.

M1: ADX_Present > ADX_Previous and Both > 25
13, 21, 34, 55, 89 EMA

M5: Coral, Fast Trix
13, 21, 34 EMA

M15: Coral, Cloud, Fast Trix, Slow Trix
ADX_Present > ADX_Previous and Both > 25

H1: 30, 120 EMA

Also todays Range < 50% of last 20 Day Mean

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  • #21,592
  • Dec 3, 2010 7:41pm Dec 3, 2010 7:41pm
Here is a glimpse of something I have been working on for a while but is still undergoing testing. It is a DB that collects information from a special indicator placed on different charts. So every chart can have its own custom settings and use any 4 different time periods. Each Dash Board will display 12 Pairs but you can run more than one DB if you want to watch more than 12 pairs, it depends how many horses you have under the hood of your PC. I still need to do some testing and tweaking and then write a PDF before I post the indicator and the DB. Maybe a few more weeks yet.
The hardest part is writing the PDF so its easy to understand and I don't get a lot of questions.

This is what was used in the previous post to give the alerts.

Attached Image (click to enlarge)
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  • #21,593
  • Dec 3, 2010 8:17pm Dec 3, 2010 8:17pm
Quoting shakeyiu
I don't know how the take profit from the 1m... it has gone for 20pips.. but i unable to close it... i don't know where should i stop...

thx for comment ...
It depends on your strategy and your trading plan.

If you have a plan that you will gain 40 pips per day with 3-5 trades, you will set profit for each trade you take about 15 pips. That's not so difficult to take money to your pocket. Do not greed!

Profit is your profit when you close order.

Good luck and happy weekend.
  • #21,594
  • Dec 4, 2010 1:50am Dec 4, 2010 1:50am
Quoting Badass_UA
I think:
M1 trix cross is too far and and you sold at 1.3200 - it`s very important psych level. Very often price bounces off it.
thx brother.. i have missed the psych leavl ...
Is there any indicator can automatic add psych leave (just 00 is enough)..

THX!!!
  • #21,595
  • Dec 4, 2010 1:52am Dec 4, 2010 1:52am
Quoting TraderViet
It depends on your strategy and your trading plan.

If you have a plan that you will gain 40 pips per day with 3-5 trades, you will set profit for each trade you take about 15 pips. That's not so difficult to take money to your pocket. Do not greed!

Profit is your profit when you close order.

Good luck and happy weekend.
I really don't know what is the TP and SL for each trade?
TP, SL in 1M??
TP, SL in 5M??

If i use 20 pips SL and 15 pips TL, is it okay?
But it seems very poor money management that RRR is very bad....

anyway, thanks all here!!
  • #21,596
  • Dec 4, 2010 5:52am Dec 4, 2010 5:52am
someone know were i can find Currency Correlations Table
  • #21,597
  • Dec 4, 2010 7:20am Dec 4, 2010 7:20am
sory guys,
my own langue : TraderViet nguoi viet ha o dau vay cho em hoc hoi voi
  • #21,598
  • Dec 4, 2010 7:46am Dec 4, 2010 7:46am
The original stop for EurUsd is 15 pips plus spread or ATR suggestion from the THV Panel. Choose whichever is higher.

The most common used target is 10 pips.
However most traders tend to use a color change from the M1 alternatively M5 fast trix for their TP or a weaking ADX.
It depends on your screentime (read experience).

The thing is to outcome your loses even if you have a higher SL than TP.
You need to reach a high hitrate, thats why most traders using this system wait for the perfect signal, when everything shows only one direction and nothing can stop PA.
  • #21,599
  • Dec 4, 2010 8:25am Dec 4, 2010 8:25am
Quoting Etecy
The original stop for EurUsd is 15 pips plus spread or ATR suggestion from the THV Panel. Choose whichever is higher.

The most common used target is 10 pips.
However most traders tend to use a color change from the M1 alternatively M5 fast trix for their TP or a weaking ADX.
It depends on your screentime (read experience).

The thing is to outcome your loses even if you have a higher SL than TP.
You need to reach a high hitrate, thats why most traders using this system wait for the perfect signal, when everything shows only one direction...
THX brother!!!!

i wonder to know the difference for TF trade between 1m and 5m is only the TP and SL

1m -> read 5m,15m,30m TF
5m -> read 15,30m,60m TF

trix cross, MFT rule, coral rule, divergence is also the same???


Big thx!!!
  • #21,600
  • Dec 4, 2010 1:22pm Dec 4, 2010 1:22pm
There is no difference on the rules for higher timeframes but since a validation is slower on them you will need a higher SL.

Arunsideas for example is trading H1 only and he uses a 40 Pip SL. Check the link.
http://www.forexfactory.com/showpost...ostcount=21393

If you dislike a static SL or TP use S / R levels or pivot points for your targets.

I personally use the 3 attached indicators
On EurUsd they work like a charm and i am always surprised how PA stops magically at a colored line.
Check out the picture and when you use them make sure you dont show weekly or monthly pivots at the start of a week or month.
Attached Image (click to enlarge)
Click to Enlarge Name: m5-eurusd.jpg Size: 191 KB
Attached File(s)
File Type: ex4 Round Numbers Beige.ex4   3 KB | 701 downloads
File Type: ex4 MML_Multi_Option_v1.23.ex4   30 KB | 682 downloads
File Type: ex4 Pivot Points Multitimeframeb.ex4   50 KB | 755 downloads
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