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THV system, final edition

  • #23,021
  • Dec 3, 2011 11:19pm Dec 3, 2011 11:19pm
Quoting laciera
I have a quick question for everyone here:

I have been using THV for a while now, if used with proper rules, the System is GREAT!, absolutely amazing.

It works perfectly when the markets are Trending!!!,
What do you do when the markets are ranging??

Any suggestions? / ideas ?
proper rules : do u mean on the first page or else? thkx
  • #23,022
  • Dec 4, 2011 6:06am Dec 4, 2011 6:06am
I look for some area that I think it's going to test, like s/r lines, flag lines, triangle lines, trendlines, previous area of compression, etc on the higher timeframes

Then I look for price to compress around that area and then bounce or break, preferably with some confirming pattern like H & S, DT DB, pinbar etc.

Then I confirm that PA is making higher highs and higher lows or vice versa and that there isn't something in the immediate vicinity of the trade that could block it. (For example if it bounced off a range top, is the range so narrow that by the time it looks like it's getting a trend going it hits the bottom?)

Then I look at the rainbow and the higher timeframe trixes to see if there's momentum. I like to see the rainbow colors the right color and the layers expanding so that the aqua or gold layer is visible and I like to see the 5m and 15 m trix in agreement with each other and expanding, not flat.

If I see all those things confirmed then I'm pretty sure a new trend is starting and I try to buy a dip/sell the a top 5m trix cross. I prefer that a least one of the higher tf trixes be fresh

It seems like a lot to do, but basically I am kind of lying in wait for one of those areas, and then when price hits it and starts reacting I try to follow along with what the market is doing (is it trying to make a DT? a H&S? has it started to make higher highs/higher lows, did it break and retest etc). There's time to do all this because these things take a while to develop and I'm not going to trade without the 5m trix cross anyway Once that happens I get ready to look for a good entry point on the 1m chart.

I've posted many chart examples of this type of entry.

Quoting laciera
What do you best use to confirm trending market? and not ranging?

Thats why I thought maybe ADX would work since its meant to confirm trend if above 40 levels ; considered as strong trend.
  • #23,023
  • Dec 4, 2011 9:27am Dec 4, 2011 9:27am
Thats actually a very good idea and great way to go about it.
I confirm a trends a little differently, but some pointers from you actually may really help alot. Thanks for sharing that.


Im going to try to scroll back this thread and find your posted screenshots of all your current screen setups
  • #23,024
  • Dec 5, 2011 6:49am Dec 5, 2011 6:49am
You're welcome. How do you confirm them?

Quoting laciera
Thats actually a very good idea and great way to go about it.
I confirm a trends a little differently, but some pointers from you actually may really help alot. Thanks for sharing that.


Im going to try to scroll back this thread and find your posted screenshots of all your current screen setups
  • #23,025
  • Dec 5, 2011 7:10am Dec 5, 2011 7:10am
Afternoon all! I've been busy these last couple of months with work, but I've always kept an eye out on the markets when I have the time. Hope you're all well and making some nice pips

Just a quick question for Miss Pips... do you still use the rainbow MAs? I noticed a number of your screenies don't show the rainbow, but instead use the MTF Ichimoku. I've been testing the Ichimoku compared to the rainbow, and I have noticed it gives more trades. However, its seems to give both more profit and losses for trades. Just wondering if this just a more liberal strategy you use

Thanks
  • #23,026
  • Dec 5, 2011 7:30am Dec 5, 2011 7:30am
Yes, I still use it. You are right - the Ichimoku does give more trades, both more winners and more losers. I tend to use the Ichimoku for trades where I'm pretty convinced (for whatever reason) about that the S/R level is holding and the trend is changing. If it's a wish-washy day and/or I'm not convinced then I wait for the rainbow.

Edit: Also quite a few times people have made comments about not liking the rainbow charts, and I guess that has influenced me, so that where I have taken a trade and both charts confirm it, I've posted the one with the Ichimoku instead of the rainbow.


Quoting W.Pigeon
Afternoon all! I've been busy these last couple of months with work, but I've always kept an eye out on the markets when I have the time. Hope you're all well and making some nice pips

Just a quick question for Miss Pips... do you still use the rainbow MAs? I noticed a number of your screenies don't show the rainbow, but instead use the MTF Ichimoku. I've been testing the Ichimoku compared to the rainbow, and I have noticed it gives more trades. However, its seems to give both more profit and losses for trades. Just wondering if this just a...
  • #23,027
  • Dec 5, 2011 7:48am Dec 5, 2011 7:48am
Cheers, thanks for that Miss Pips. I've always quite liked the rainbow chart myself - even more so now - knowing that its a more conservative trading setup... I like conservative! I set up the Ichimoku on my chart, but only as a reference to see if I can get comfortable with using it in the future. The rainbow, however, is the key to trend confirmation in my charts at the moment. Pretty handy if I don't say so myself, so thanks for that too!

Happy trading!
  • #23,028
  • Edited 1:20pm Dec 5, 2011 12:33pm | Edited 1:20pm
Quoting MissPips
You're welcome. How do you confirm them?
So far I have a rather odd way, but its been working for me (as long as i follow rules):

- I Check Trend on the 5M, 10, 15, 1H regular charts, Use EMA, SMA, 13,20,30 to check trend direction

- I wait for THV M1 perfct entry signals, along with all Red or Green MTF Lights,

- Then I have an indicator with RSI, Super RSI, I confirm for all 3 to be painted Green or Red (m1).

- Check M5 MACD direction/ Support Resistance and Pivots on M5, and 60LWMA

So far its working great, Since i Scalp M1 (less then 10pips TP); but there are certain bad trades Im taking which Im trying to correct


Also. I found some of your screens, Very helpful, I must say!!
I havent started using or have yet explored the Rainbow method yet. But ill give it a try on a demo and see how it works out for me.


I also have a question for you. I hope you can suggest something for me here:
Recently I started watching THV on M5 along with (M1 THV + MTF).

Now when I watch M5 along with M1, there are numerous trades I do not take because the Coral on M5 doesnt match the Coral COLOR on M1. (But M5 Trix look good)

Do you ever have this problem? or how do you go about it?

Normally I trade M1
  • #23,029
  • Dec 5, 2011 2:08pm Dec 5, 2011 2:08pm
Does anyone have THV CaveManager EA v1.3 mql file?

thanks
  • #23,030
  • Dec 5, 2011 3:34pm Dec 5, 2011 3:34pm
I think you will see that Miss Pips uses trend lines frequently, and those could be her initial early warning for entries.
  • #23,031
  • Dec 6, 2011 1:31am Dec 6, 2011 1:31am
Never, because I disregard the Coral color.

Quoting laciera
So far I have a rather odd way, but its been working for me (as long as i follow rules):

- I Check Trend on the 5M, 10, 15, 1H regular charts, Use EMA, SMA, 13,20,30 to check trend direction

- I wait for THV M1 perfct entry signals, along with all Red or Green MTF Lights,

- Then I have an indicator with RSI, Super RSI, I confirm for all 3 to be painted Green or Red (m1).

- Check M5 MACD direction/ Support Resistance and Pivots on M5, and 60LWMA

So far its working great, Since i Scalp M1 (less then 10pips TP); but there are certain bad...
  • #23,032
  • Dec 6, 2011 2:52am Dec 6, 2011 2:52am
Eyes up!

Perfect BUY conditions:

MAs are UP /after oversold zone/
Laguerre is UP /heading upwards/
RSI is heading UP /into buyzone/
THV lines Cross UPwars
Pivot Point Confluence confirm
Absolute Strenght Crosses UPwars
ADX is UP
CCI is UP
Histograms confirm UPs
Bulls > Bears

I hope You saw it as well

H
Attached Image (click to enlarge)
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  • #23,033
  • Dec 6, 2011 4:09am Dec 6, 2011 4:09am
Waiting for RSI (14) to confirm the reentering into the buyzone, or the negative turn into sellzone
  • #23,034
  • Dec 6, 2011 7:49am Dec 6, 2011 7:49am
Eyes down!

Perfect SELL conditions:

MAs are DOWN/after overbought zone/
Laguerre is DOWN /heading downwards/
RSI is heading DOWN /into sellzone/
THV lines Cross DOWNwards
Pivot Point Confluence confirm
Absolute Strenght Crosses DOWNwars
ADX is DOWN
CCI is DOWN
Histograms confirm DOWNs
Bears>Bulls

I hope You saw it as well

H


Sun Tzu
Victorious warriors win first and then go to war, while defeated warriors go to war first and then seek to win
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDeur-2011.12.06-13.40-M5.gif Size: 12 KB
  • #23,035
  • Dec 6, 2011 8:58am Dec 6, 2011 8:58am
Quoting MissPips
Never, because I disregard the Coral color.

So you look at the Trix only?
i'll try watching coral color only on M1, and on (M5: ONLY Trix), see how that goes.
  • #23,036
  • Dec 6, 2011 9:23am Dec 6, 2011 9:23am
Coral color does not matter..
How to opt out annoying user signatures ??
  • #23,037
  • Dec 6, 2011 10:58am Dec 6, 2011 10:58am
Excellent M1 setup at the moment..
How to opt out annoying user signatures ??
  • #23,038
  • Dec 6, 2011 11:04am Dec 6, 2011 11:04am
Did not waited for the Fast Trix color change.
Trade exit was between Open and MS1 Pivot.
Attached Image (click to enlarge)
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How to opt out annoying user signatures ??
  • #23,039
  • Dec 6, 2011 11:17am Dec 6, 2011 11:17am
That was a nice constellation for a follow up trade.
I call it the THV return..
I do it often, ignoring the basic THV Rules,
but you have to know what are you doing
and only if the situation it clear. Based of my opinion,
will to risk and how much + pips i made this day..

Expected the bouncing at q3S1 to that was my TP.
And was ready to exit the trade on first green Candle..
Attached Image (click to enlarge)
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How to opt out annoying user signatures ??
  • #23,040
  • Dec 6, 2011 12:21pm Dec 6, 2011 12:21pm
I know you said you ignore THV rules often but I am going to ask you anyway: Why did you enter here and why not before? What's the pattern?

Quoting Toranaga
Did not waited for the Fast Trix color change.
Trade exit was between Open and MS1 Pivot.
Attached Image (click to enlarge)
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