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THV system, final edition

  • #21,821
  • Jan 9, 2011 11:47pm Jan 9, 2011 11:47pm
Quoting bgbearnavy
After looking at the Cloud and Coral and Price Action I noticed that the "AREA" between Cloud and Coral as "NO-MANS" land. So, I put the KINO in the Chart.

So retraces into the shaded region, one trades it as it comes out (in accordance) with THV rules.
Nice Friend ... Little more clarity

Thanks ... Happy Trading...
  • #21,822
  • Jan 10, 2011 4:13am Jan 10, 2011 4:13am
What was wrong with this trade?
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  • #21,823
  • Jan 10, 2011 6:03am Jan 10, 2011 6:03am
This

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We've been in a strong downtrend. Even though it looks like it might be trying to reverse here with a double bottom and divergence, you can expect choppiness caused by selling at the major MAs and trendlines. So if you are going to trade long you need to make sure you're not blocked by one until the trend really reverses across a few more timeframes.
Quoting trader3000
What was wrong with this trade?
  • #21,824
  • Jan 10, 2011 6:26am Jan 10, 2011 6:26am
Quoting MissPips
This

Attachment

We've been in a strong downtrend. Even though it looks like it might be trying to reverse here with a double bottom and divergence, you can expect choppiness caused by selling at the major MAs and trendlines. So if you are going to trade long you need to make sure you're not blocked by one until the trend really reverses across a few more timeframes.

Thanks. I see you should not trade against higher time frame trend even when you get a valid signal. I might refer to M30 with moving averages (65 and 33) to determine trade direction.

One additional question (I have already looked for it in this thread): why are sometimes lights ''missing'' in the MTV SAH?
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  • #21,825
  • Jan 10, 2011 7:17am Jan 10, 2011 7:17am
Well you can if you have enough experience so you can see where
the resistances are likely to be so you can make sure that there is room for the trade between where you entered and where the next likely bounce is. Also it's better if at least the 5m rainbow is in your favor. Just trading the one minute against a strong trend isnt that good of an idea.
(Though It does look like the downtrend is weakening now - at least consolidating if not reversing, but until it actually reverses on a few tfs the safest long trades will be divergence trades if you really want to trade long).

Re the SAH see
http://www.forexfactory.com/showpost...ostcount=21688

Quoting trader3000
Thanks. I see you should not trade against higher time frame trend even when you get a valid signal. I might refer to M30 with moving averages (65 and 33) to determine trade direction.

One additional question (I have already looked for it in this thread): why are sometimes lights ''missing'' in the MTV SAH?
  • #21,826
  • Jan 10, 2011 8:48am Jan 10, 2011 8:48am
Quoting MissPips
Well you can if you have enough experience so you can see where
the resistances are likely to be so you can make sure that there is room for the trade between where you entered and where the next likely bounce is. Also it's better if at least the 5m rainbow is in your favor. Just trading the one minute against a strong trend isnt that good of an idea.
(Though It does look like the downtrend is weakening now - at least consolidating if not reversing, but until it actually reverses on a few tfs the safest long trades will be divergence trades if...
Thanks again, MissPips. Hopefully one of my last questions: do you need all six lights red/green or do you take trades as in the picture as well?
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  • #21,827
  • Edited Jan 11, 2011 1:21am Jan 10, 2011 12:59pm | Edited Jan 11, 2011 1:21am
I don't really use the lights anymore since I found out about the MTF trix.
What I do these days is look at the relationship between the 1, 5 and 15m timeframes, which is similar to the lights but you can get more info by seeing the actual trixes. (I have found that there is a certain 'look' to the colors of the rainbow and the trixes that usually makes for a good trade. In other words I want them to be not only green or red but have a nice spread between the lines and preferably freshly crossed. ) What this 'look' actually is is a certain relationship between the indicators that shows a new trend that is just getting strong enough to go somewhere - i.e when the 5 and 15 m trixes can both hold their colors and a nice spread even though the 1m trix is going against them, then when the 1m trix turns back that's the trade I like, especially if the 5m rainbow is also with the trade or even better newly flipped. This post shows pictures of what I mean.

http://www.forexfactory.com/showpost...ostcount=21024

Once a trend flip has been established then i might take a trade based on the 5m fast trix and the 1m fast trix as long as the 15 trix and rainbow look ok - depends on how strong I think the trend is, but really I prefer to look for trades that are retraces on the 1m 'inside' at least 5 m trix cross



Quoting trader3000
Thanks again, MissPips. Hopefully one of my last questions: do you need all six lights red/green or do you take trades as in the picture as well?
  • #21,828
  • Jan 11, 2011 5:48am Jan 11, 2011 5:48am
it says that the expert cannot open the trix file,what do i do?
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  • #21,829
  • Jan 11, 2011 6:46am Jan 11, 2011 6:46am
Hey guys. I’m very new to coding and would just like to find out how to determine the height of an histogram bar (like an OSMA or MACD bar).
The actual height, as a number. Preferably the +/up bar (higher than the 0 level) should have a + value and the -/down bar(below the 0 level) should have a - value.
If it is a very silly question, please don’t laugh to hard.
I have searched but couldn't find the answer anywhere. If I found the answer, I wouldn’t have asked.
Thank you in advance
  • #21,830
  • Jan 11, 2011 2:42pm Jan 11, 2011 2:42pm
Hi, im testing the Pivot indicator the last days. also great.
but it seems i have a problem or dont understand something.

The Pivot Lines dissapear from one second to another and then come back after one or few minutes.
Im sure that has something to do with the price action, but im unsure what about exactly.
Is this behaviour desired or did i missed some settings?

Sometimes you rely to a Pivot and then it disappear.
Do someone have a hint ??

I made 2 screen caps. Time difference 7 min. Why did R1 and R2 disapeared.
FPV also. The chart/price did not changed so much.

Edit: the day separator vanishes also from time to time..
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How to opt out annoying user signatures ??
  • #21,831
  • Jan 11, 2011 3:17pm Jan 11, 2011 3:17pm
The Pivot Lines dissapear from one second to another and then come back after one or few minutes.
Im sure that has something to do with the price action, but im unsure what about exactly.
Is this behaviour desired or did i missed some settings?

TZ V3.5 pivots are very sensitive.The solution is set to false Trix function "changechartcolor".
  • #21,832
  • Jan 11, 2011 4:04pm Jan 11, 2011 4:04pm
Quoting ricmi
The Pivot Lines dissapear from one second to another and then come back after one or few minutes.
Im sure that has something to do with the price action, but im unsure what about exactly.
Is this behaviour desired or did i missed some settings?

TZ V3.5 pivots are very sensitive.The solution is set to false Trix function "changechartcolor".
Thanks a lot !! That was the solution.
Tried all possible Pivot Settings, but it was in Trix. Thanks.
You saved me a lot of time. And nerves..
How to opt out annoying user signatures ??
  • #21,833
  • Jan 12, 2011 7:55am Jan 12, 2011 7:55am
I am wondering whether there are any defined rules for possible overbought/oversold situations for MissPips's system?
  • #21,834
  • Jan 12, 2011 10:48am Jan 12, 2011 10:48am
No. You need to use your judgement. I tend to think of in more in terms of time that has passed since the higher tf trix crosses and where the trixes are in relation to each other. I like to see a fresh trix cross on the 5 m and if not then on the 15 min.

It's like Goldilocks. I don't want trades that are 'too hot' or 'too cold'. This method is looking for the ones that are 'just right' which is usually when the 5 and 15 m trixes have flipped near each other at the point where you enter, or where a 5 m trix flip has gone on for a bit but has led to a fresh 15 m flip near where you enter or a second 5m entry on a 15 m trix where the 5m fast has tried to change color against the 15m direction, has not suceeded and has gone back in the direction of the 15m. We dont want to take trades where it's, say, the third or fourth 5m trix signal for the same 15m trix cross or when when price is near the end of its ADR.

I don't look at how overbought or oversold the 5m trix is so much unless both the fast and slow lines are really way in o/b or o/s - like more than 0.0004 But again you need to use your judgement - in a ranging market or for a signal that is against what has been the main daily or hourly trend up to then .0003 might matter whereas in a major panic or in a short covering rally after a breakout .0005 might not make any difference.

Same for the 1m. If the 5m and 15m have just flipped together then I don't mind if the 1m is near ob or os because it will have to be in ob or os if the two higher tf trixes are to carry on with their momentum. I don't like to see the 1m in ob or os if the 5 and 15m trixes both flipped 8 bars ago (for example) , and I don't like to see the 1m slow strongly slanted against the trade. I'd rather see it flattening out near zero.



Quoting trader3000
I am wondering whether there are any defined rules for possible overbought/oversold situations for MissPips's system?
  • #21,835
  • Jan 12, 2011 11:25am Jan 12, 2011 11:25am
What is your stoploss and take profit MissPips
  • #21,836
  • Jan 12, 2011 11:31am Jan 12, 2011 11:31am
Quoting MissPips
No. You need to use your judgement. I tend to think of in more in terms of time that has passed since the higher tf trix crosses and where the trixes are in relation to each other. I like to see a fresh trix cross on the 5 m and if not then on the 15 min.
Hi, MissPips. Is there an earlier sign for you to exit a trade?
For example, trade has gone not so good, it`s like -5 or -7 pips, trixes start to change colors for the opposite.
Or trade is not loosing yet, but it`s stuck at +2+3 pips for some time and trixes change colors. Will you close such trades earlier?
Or you just wait for it to hit your TP or SL? Thanks.
Made in Ukraine
  • #21,837
  • Jan 12, 2011 11:41am Jan 12, 2011 11:41am
SL is 15 PIPS plus spread tp is 10 pips plus spread usually. But if the THV info panel shows an ATR suggestion that is higher than 15 pips then I adjust the SL to that and the TP to 70% of that. That's for EURUSD only - for other pairs you will need to find your own. My reasoning is that the EURUSD moves in about 30 pip chunks at a time. So it shouldnt retrace more than half that if the trade is still good.

Quoting Pip_Doc
What is your stoploss and take profit MissPips
  • #21,838
  • Jan 12, 2011 11:44am Jan 12, 2011 11:44am
Usually I just wait.

Quoting Badass_UA
Hi, MissPips. Is there an earlier sign for you to exit a trade?
For example, trade has gone not so good, it`s like -5 or -7 pips, trixes start to change colors for the opposite.
Or trade is not loosing yet, but it`s stuck at +2+3 pips for some time and trixes change colors. Will you close such trades earlier?
Or you just wait for it to hit your TP or SL? Thanks.
  • #21,839
  • Jan 12, 2011 12:35pm Jan 12, 2011 12:35pm
I call this a "failed" crossover trade!
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  • #21,840
  • Jan 12, 2011 1:32pm Jan 12, 2011 1:32pm
Quoting MissPips
SL is 15 PIPS plus spread tp is 10 pips plus spread usually. But if the THV info panel shows an ATR suggestion that is higher than 15 pips then I adjust the SL to that and the TP to 70% of that. That's for EURUSD only - for other pairs you will need to find your own. My reasoning is that the EURUSD moves in about 30 pip chunks at a time. So it shouldnt retrace more than half that if the trade is still good.
Thanks for your reply, one more queasyion
Seems like we have no of opportunities during
A trading, my question might be stupid, and
It depends on day to day, but on average
How many oppurtunities we got in a day?
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