THV system, final edition

In the graph you can see my entry point
I was stopped two candles later( red cross)
What's wrong ?
My entry point was no good ?
Thank you for responses

regards

In your query does not have enough information, which pair is,what TF etc.

Why, why you enter, why did you take that trade ?
What was your idea, what was the real reason ?
The lights ??? I hope not.

Sorry

Tf :5min
pair: €/$

Entry: Short @ 107.50 (First Purple Line)
Exit: 107.48 (Second Purple Line)
Pips: 2 pips

TF: 1min
Entry reason: 6 lights, below coral and cloud
Exit reason: Trade was making 6pips lost steam, quit before I made a loss.

Most of the time, trades never make it to the TP of 10 pips. Always needed to pull out before making a loss.

There was one time, I took risk and try to let a losing trade turn around, made a 15pips loss and that did not look good on my trading journal.




Entry: Short @ 106.87 (First Purple Line)
Exit: 106.83 (Second Purple Line)
Pips: 4pips

TF: 1min
Entry reason: 6 lights, below coral and cloud
Exit reason: Trade started losing its power, exited early.

Hey Heaven

It is quite hard to analyse your screen shot.

May I suggest that you repost your screen shot using the guide in the link by cobra:

http://www.forexfactory.com/showthre...53#post2370353

that's done

I enter (short) was where there is the white line.
I was stopped two candles later.
When i enter, the first light was red and becale green after
What' wrong ?

Thank you for your help and excuse my english, i am a french people.

Hello everyone, this is my first post in this forum. I've been following this thread for a week, and been using THV system with cavemanager ea. But it's a pity that cavemanager ea can't handle hedging. And I like to close my floating loss with breakeven point rather than loosing some pip. Let's say, I open buy with 0.05 lot, and the market is againt me, i will open sell with 0,1 lot. And close with BEP or even take some profit on it. I've been tried multi purpose trade management ea, but it's seem that ea it's not working good with 5 digit broker (as the creator mention it. So anyone can help me out, on pointing such an EA? . My strategy is, if the market with me, I will stay with cavemanager, but if the market is against me, i will quickly change my template to ea hedging. I hope someone can help me out. Thanks..

Ok, this is my first time commenting on people chart but here goes nothing:

1. Notice that the fast trix and slow trix are near each other. Makes it really difficult to trade at this moment of time. Choppy market

2. Make sure that the first two rows are of the same color, I notice that your 1min fast was green but the rest was red.

3. Price action was close to the FPV line, makes it hard to know where the market is heading. Best to allow PA to break the FPV to get clear direction.

My suggestion, try 1min since this MTF was designed for it.

Another suggestion try E/Y, been trying it for two days and love it. PA moves gracefully, makes it easier to identify signals.

Please feel free to correct me as I'm new to this

Cheers

Good comments. I would add:

1) The MTF indies only work from lower to higher timeframes. That is, you can use them to see the 5m trix on the 1m chart correctly but not the 1 m trix on the 5m chart correctly.

2) The MTF rules state that you should not trade against divergence. I've mentioned this few times too. You need to trade, if anything, with the divergence and you have it on the chart where you took the trade.

I want to explain something about what the 6 lights method is trying to do. I developed it based on the following idea:
When the 5m fast trix changes color and price crosses the cloud in the corresponding direction, you have a swing high or a swing low, or at least an attempt at one (sometimes they fail without getting very far.). Now what is it that causes these swings? Support or resistance (or supply and demand or order flow or what ever the latest jargon is).

Now, we can analyze the charts from here until tomorrow, and we can find areas on them where we think there will be support or resistance but the fact is that we can't predict ahead of time whether the support or demand line or fib line or pivot line will hold. So what we have to do is react to what price does at the line. Some people do this by looking a candlesticks or other PA patters.THV uses the trix, so the 6 lights method is based on what the trixes are telling us about whether support or demand will hold.

That is why the requirement of the 6 lights method is for the 5m fast trix and the 1m fast trix to have freshly turned in the direction of the trade you want to take, because it is trying to get in near the start of a 'good' swing. I'm posting a chart of todays PA showing this on the 5 timeframe. (It's easier to see the swings and the 6 points on the 5m timeframe. The reason for entering on the 1m is that you can often pick up a few extra pips that way by waiting for a dip on the 1m chart, but the point is that you want to be entering near the start of a swing that has a good chance to succeed. )

In this chart, each place you see a red line a swing high is topping out and price is starting to swing down. Each place you see a green line, a swing low is forming and price is starting to go up. Also in each place the trix is changing color and price is crossing the cloud. Where the lines are dashed, the trixes are saying "don't do it". Where the lines are solid, the trixes are saying "go for it". Where the lines are yellow, the trixes are warning that things are ambiguous, because there is divergence, or the different timeframes do not agree. Notice that where you have 6 lights (which you can see in the mtf trixes, that is where you also have PA showing higher lows for longs and lower highs for shorts, and where you have 'good' swings, in the sense that you have a swing with enough momentum to get you 10 pips.) Also notice that where you have the trixes showing ambivilence is right on the pivot. So, that is what I was trying to do with the 6 lights method -find an entry near a swing high or low, in a place where there would be enough momentum to continue for 10 pips and keep out of trades where things are ambivalent.

Of course you should also look at the charts to see where you are, and what trixes are trying to tell you and not just rely on the lights. For a long trade you want to see higher highs and/or higher lows and for a short trade lower highs and/or lower lows together with the lights, and ideally you would like to have an idea of what it is that is making price swing. And you want to be near the start of the swing, and not entering on the fourth or fifth 1 min retrace after the 5m start of the swing.

I would also add that you have to take the ATR into consideration. The system was tested when the THV ATR suggestion on the 1m chart was on average between 10 and 15, and the EURUSD itself was doing about 130-150 pips a day on average. Lately we've been seeing 50-60 pip days, with 100 pips being outstanding. So you have to adjust.

I'd just use a cloud cross to define the dips, and maybe the ADX to confirm that the top/dip is strong enough.

Thank you very much

So if i trade 1Min tf, i have to configure trix mtf
5 slow, 5 fast, 15 slow, 15 fast, 30 slow, 30 fast, 60 slow and 60 fast ?

To enter a trade :
6 red and price and entry point when price crosses down coral for short ?
6 green and entry point when price crosses up coral for long ?

and no divergence
is that correct ?

tp at 10 pips and SL about 15 pips ( or ATR)

You know what MissPips, that was what I was trying to explain....

Haha just joking, the explanation was fantastic! I read this post atleast 20 or more times even going through it in the shower!


So MissPips, how does the last two lines work? Is there a term for it that I can read up on?

Entry: Short @ 106.888 (First Purple Line)
Exit: 106.795 (Second Purple Line)
Pips: 9.3 pips

TF: 1min
Entry reason: 6 lights, below coral and cloud
Exit reason: Beautiful!

Entry: Short @ 106.377 (First Purple Line)
Exit: 106.275 (Second Purple Line)
Pips: 10.2 pips

TF: 1min
Entry reason: 6 lights, below coral and cloud
Exit reason: Love it, TP

Hi
Well done.

But i don't understand the entry.
When there was 6 red/green lights, i thought that the entry point was when price crosses coral .
MissPips , can you answer me ?



thanks

regards

Entry: Long @ 106.365 (First Purple Line)
Exit: 106.422 (Second Purple Line)
Pips: 5.7 pips

TF: 1min
Entry reason: Bullish Divergence on 5min, 6 lights, above coral and cloud
Exit reason: Saw PA losing steam but I was wrong, it went up up up to 106.510 which would have been 14.5pips.

hi all
i have an little problem.
how we can see the trix indicator delete my period separator in same tf (not all).
how can i do?.....there is same setting to change?

thank