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THV system, final edition

  • #23,041
  • Dec 6, 2011 12:31pm Dec 6, 2011 12:31pm
I look at where price is in relation to the Coral, and I do pay attention to the slope of it (if price was above but the angle was steeply sloped down I might not do a long there because I would think price would retest it, so I would be better waiting). But not the color per se.

Quoting laciera
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.
  • #23,042
  • Dec 6, 2011 12:50pm Dec 6, 2011 12:50pm
Good question, simple answer.
Did not saw it, started trading few minutes later.

But, seen afterwards i would not take it as a entry anyway.

I had a look.
Marked your 'entry' (left) and mine (right)
and if you have a look at M5, its hard to show it afterwards
but the M5 did not gave confidence for a long trade.
I often have a look at the M5 Candle and its a difference if you have to wait 30 seconds or 4 minutes for a new one when trix cross in M1 aso

Also, i marked the exact Trix Cross but usually i wait till the new Candle
to see if the Price bounces back on Pivot or is it a breakout for a entry..
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  • #23,043
  • Dec 6, 2011 3:04pm Dec 6, 2011 3:04pm
Toranaga-Can you please share your template and indicators?
  • #23,044
  • Dec 6, 2011 8:41pm Dec 6, 2011 8:41pm
Quoting MissPips
I look at where price is in relation to the Coral, and I do pay attention to the slope of it (if price was above but the angle was steeply sloped down I might not do a long there because I would think price would retest it, so I would be better waiting). But not the color per se.
Thats a good idea,
I'll start paying closer attention to Coral Slope as opposed to color.
Also the slope shape & direction in relation to the price.
Thanks for that. i'll keep a close attention to that, that could almost just be the one thing that was causing problems
  • #23,045
  • Dec 7, 2011 1:54am Dec 7, 2011 1:54am
hello laciera,
[quote=laciera;5200311]Thats a good idea,
I'll start paying closer attention to Coral Slope as opposed to color.

can you show me please in a chart - where is the coral??
i do not understand very well
  • #23,046
  • Dec 7, 2011 3:59am Dec 7, 2011 3:59am
Have you read the THV manual?

Quoting astock
hello laciera,

can you show me please in a chart - where is the coral??
i do not understand very well
  • #23,047
  • Edited 11:45am Dec 7, 2011 9:11am | Edited 11:45am
Can someone help me..
I cant see my HA Candle Shadows very well because of the contrast.

If i change the HA shadow color manually the color changes back after switching the TF.

How can i make this permanent. In the template maybe ?

Edit: I use the THV4HA.ex4 indi. Is the Heiken Ashi.mt4 the same or differs ??
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  • #23,048
  • Dec 8, 2011 8:38am Dec 8, 2011 8:38am
Three charts, renko bars 5, 9, 13

Turned out really nice!
Attached Image (click to enlarge)
Click to Enlarge Name: 12-08 115 pips.jpg Size: 171 KB
  • #23,049
  • Dec 8, 2011 8:39am Dec 8, 2011 8:39am
Use the THV HA 3.0....

Quoting Toranaga
Can someone help me..
I cant see my HA Candle Shadows very well because of the contrast.

If i change the HA shadow color manually the color changes back after switching the TF.

How can i make this permanent. In the template maybe ?

Edit: I use the THV4HA.ex4 indi. Is the Heiken Ashi.mt4 the same or differs ??
Attached File(s)
File Type: ex4 THV3 HA.ex4   3 KB | 595 downloads
  • #23,050
  • Dec 9, 2011 3:54am Dec 9, 2011 3:54am
So I've recently stumbled back upon the THV download I did a couple months back and never really put much thought into or used it which was dumb. I wish I had spent the last few months incorporating it with my existing trading style, fast 1 minute, heavy lot, small target trading. I'm still working on letting the system help me extend my trades to earn more profit on them, but so far, I'm really loving it and thought I'd post my trades tonight. Was really not done all that great, but I'm getting more comfortable with using some of the indicators as a bit of a crutch. Thanks to Cobra for all the work and all the wisdom written in this thread, and thanks to everone else for keeping it going.
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Small disciplines repeated with consistency lead to great achievements.
  • #23,051
  • Dec 9, 2011 4:17am Dec 9, 2011 4:17am
Can you please send bb macd
  • #23,052
  • Dec 9, 2011 4:28am Dec 9, 2011 4:28am
Its not really part of this system, in fact, I only put it on my chart this morning to see what if anything it could provide. Basically, it seems to me, that it might help me stay in trades longer than I would normally. Also, I thought about potentially using it as the "direction" to trade in instead of the coral because the coral is fairly slow. Yet I don't trust it or rely on it at all currently so thus far its doing nothing for me. I apologize for deterring this thread, but I'll post the indi, but just know it doesn't have anything to do with THV.
Attached File(s)
File Type: ex4 BB_MACD_CCT.ex4   4 KB | 738 downloads
Small disciplines repeated with consistency lead to great achievements.
  • #23,053
  • Dec 9, 2011 5:45am Dec 9, 2011 5:45am
Quoting jmflukeiii
So I've recently stumbled back upon the THV download I did a couple months back and never really put much thought into or used it which was dumb. I wish I had spent the last few months incorporating it with my existing trading style, fast 1 minute, heavy lot, small target trading. I'm still working on letting the system help me extend my trades to earn more profit on them, but so far, I'm really loving it and thought I'd post my trades tonight. Was really not done all that great, but I'm getting more comfortable with using some of the indicators...
I can't read properly, the image is to dark, is it possible for you to upload an image that we can read?
  • #23,054
  • Edited 6:16am Dec 9, 2011 6:03am | Edited 6:16am
Quoting migmac
I can't read properly, the image is to dark, is it possible for you to upload an image that we can read?
Maybe I'll try posting it in two pieces so its bigger. I expanded it to two monitors to encompass the session. Its nothing ground breaking, I just write all over my charts to study my trades/thought processes the next day. Give me a second...

Sorry its not much better.... but somewhat larger.
Overall, I'm satisfied with my entries, but really not used to holding onto my trades and it's a double edged sword - I save myself in my traditional trading a lot with my micro scalping. But with this sytem, when I take these trades, it seems that they generally a great chance for continued movement. So.... maybe I should reduce my lot sizes a little bit and trust the system more. That will come with time I suppose.

All in all, not bad, 6 trades, 5 wins, 1 BE, +21.2 pips.

again - looking at the BB macd, it would seem that it could really help signify trend change earlier than the coral thus allowing some great "countertrend" (really just the start of a new trend) trades. Either way, very happy with this new "framework" to try to make my scalping more consistent.
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Small disciplines repeated with consistency lead to great achievements.
  • #23,055
  • Dec 9, 2011 8:20am Dec 9, 2011 8:20am
Nice documentation on your charts!
Quoting jmflukeiii
Maybe I'll try posting it in two pieces so its bigger. I expanded it to two monitors to encompass the session. Its nothing ground breaking, I just write all over my charts to study my trades/thought processes the next day. Give me a second...

Sorry its not much better.... but somewhat larger.
Overall, I'm satisfied with my entries, but really not used to holding onto my trades and it's a double edged sword - I save myself in my traditional trading a lot with my micro scalping. But with this sytem, when I take these trades, it seems that they...
  • #23,056
  • Dec 9, 2011 9:45am Dec 9, 2011 9:45am
Entered trade on TRIX divergence (3 pip renko chart). RENKO charts for 3, 5, 9 pip blocks.
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  • #23,057
  • Dec 9, 2011 9:47am Dec 9, 2011 9:47am
Sold on TRIX Divergence - 5 PIP RENKO Chart - Netted over 100 Pips

Quoting bgbearnavy
Three charts, renko bars 5, 9, 13

Turned out really nice!
Attached Image (click to enlarge)
Click to Enlarge Name: 12-08 108 pips.jpg Size: 171 KB
  • #23,058
  • Dec 9, 2011 10:15am Dec 9, 2011 10:15am
I hope I am not going to offend anybody with this question:
In this thread I was told without knowing the trend I shouldn't enter any trades. This raises a big question for me:
What's the value of THV or any other system if I already know in which direction the price is going?
  • #23,059
  • Dec 9, 2011 10:53am Dec 9, 2011 10:53am
There is none. Price can only do one of four things

Trend up
Trend down
Consolidate in some pattern and continue the previous trend
Consolidate in some pattern and reverse the previous trend

If you are already such a good trader that you can tell from looking at a naked screen which of these price is doing ( particularly when it is about to start consolidating and which direction it is going to go in next after consolidation), then, in fact, you do not need THV or any other system.

Quoting Verbal
I hope I am not going to offend anybody with this question:
In this thread I was told without knowing the trend I shouldn't enter any trades. This raises a big question for me:
What's the value of THV or any other system if I already know in which direction the price is going?
  • #23,060
  • Dec 9, 2011 1:58pm Dec 9, 2011 1:58pm
Quoting MissPips
Nice documentation on your charts!
Thank you! I'm on West coast US so I trade late night early morning and then its actually one of my favorite parts of the day to get up in the morning and review what I did. Its also frustrating when I realize that I went to bed and missed a bunch of other great trades with the US open, but they could have been bade trades as well and I could have given back my earlier hard work, especially since by 4/5am I'm pretty tired and not nearly as focused.

Anyway, one thing I'm noticing and going to contine to take notice of is this: coral is slow, we all know that, and while effective at filtering bad trades, it also takes away a lot of good trades. Trend reversals can be some of the best scalping opportunities. So what I keep noticing is that:

trading with the coral color - i.e. coral is red, and price is below coral, looking to short - using the cloud and just a color change on the fast trix seems to be enough to get good trades. Often a trix cross will get you in late on those trades. So I'm going to maybe not trade it yet, but continue to take extra notice of with the 1M trend trades (using coral to define the trend), using only the cloud and fast trix color change as a trade trigger.

trading against the coral color - i.e. coral is red, price is below coral, looing to go long - this is where a full trix cross with both correct colors seems to be an excellent location to trade.

So those are my thoughts - with the coral, using only fast trix to trade. Against coral, using a traditional trix cross, of course both still using the cloud as the final filter for trades. If anybody has any thoughts, or has thought of trying this before or has any feedback, I'd love to hear it. Of course you still need to pay attention to S/R, trendlines, but it just seems that using these tools in this manner, even if it turns out to not be a great trade will get you in earlier enough to either take small profits (which I obviously like) or to at least get the stop to BE.

Maybe I'll post a chart, the US session was full of great (5+ pips) trades - maybe that's not great to everyone else, but if I can make 5+ pips consistenly on my scalping trades, I'd be very gratious to the market for allowing me that.
Thanks
Small disciplines repeated with consistency lead to great achievements.
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