THV system, final edition | Page 1183 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

THV System Trades & Patterns Thread 857 replies

THV 4 system with SAH; My Trading Journal 163 replies

Bow's trading journal (THV, Hmaoui simple system) 4 replies

My Journal - Based on THV V3.0 by Cobraforex 30 replies

the vouchers - THV System 2 replies

Attachments: THV system, final edition
Exit Attachments

THV system, final edition

  • #23,641
  • Edited 6:42am Apr 27, 2012 6:29am | Edited 6:42am
Normally we look for only longs when price is above the coral.
However, when you have divergence (which Ahniel had) according to the
6 lights rules, you don't have to wait for price to
cross the coral. At that point it's too late,because
what you are doing in that trade is trading when price
is too overextended and trying to return to the coral.

Quoting heavenpv
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
  • #23,642
  • Apr 27, 2012 6:39am Apr 27, 2012 6:39am
You mean about the average daily range and the ATR suggested stop?

About the average daily range, I have a calculator - you can see it in
my last post and it tells you what the daily range has been over
various periods. So you can see it's very low now compared to in
the past. About the ATR suggestion for the stop - I'm referring
to the THV infopanel suggestion. When it's higher or lower than average you have to adjust your targets and stops accordingly. Normal for EurUsd
is about 10-12 on the 1m chart - that's why I put the target and stop at 10 and 15. Or you can put your stop just above/below the swing high/low that triggered the trade and make the target equal to risk.But if you do that you want to make sure that you get in as close as possible to the start of the swing.

Quoting ahniel
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?
  • #23,643
  • Apr 27, 2012 6:40am Apr 27, 2012 6:40am
Quoting MissPips
Normally we look for only longs when price is above the coral.
However, when you have divergence (which he had) according to the
6 lights rules, you don't have to wait for price to
cross the coral. At that point it's too late,because
what you are doing in that trade is trading when price
is too overextended and trying to return to the coral.
I'm sorry but it was not exactly my question.
I 'm not talking about ahniel's graph and divergences.

what is the perfect setup ?
6 green light , price above cloud and enter when price crosses up coral ? (long)
6 red light , price below cloud and enter when price crosses down coral ? (short)
Or i didn't understand the thv ?


I apologize to not understand the thv system so thank you for you help
  • #23,644
  • Edited 7:12am Apr 27, 2012 7:01am | Edited 7:12am
If you trade the 1m chart you need to configure it
1m fast, 5 slow, 5 fast, 15 slow, 15 fast, 30 slow, 30 fast, 60 fast

so that you can take the 1 m dips into consideration.

Or if it's easier for you to see, you can trade it the way you mentioned on the 5 chart, and just forgo the 1m dips, using the 5m fast as the trigger for the trade. But then try to make sure that the5m fast and the 15 m fast are in your favor and pay more attention to where you are in relation to the start of the move on the higher timeframes, because if you loose the advantage of those few pips on the 1 min you want to make sure you have enough momentum to make up for them.

You can trade when there is divergence. Just trade with it not against it. Divergence counts for 4 points.


Quoting heavenpv
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)
  • #23,645
  • Apr 27, 2012 7:02am Apr 27, 2012 7:02am
Quoting L,,Olonese
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
Try this.
Attached Image
  • #23,646
  • Apr 27, 2012 7:17am Apr 27, 2012 7:17am
Quoting MissPips
If you trade the 1m chart you need to configure it
1m fast, 5 slow, 5 fast, 15 slow, 15 fast, 30 slow, 30 fast, 60 fast

so that you can take the 1 m dips into consideration.

Or if it's easier for you to see, you can trade it the way you mentioned on the 5 chart, and just forgo the 1m dips, using the 5m fast as the trigger for the trade. But then try to make sure that the5m fast and the 15 m fast are in your favor and pay more attention to where you are in relation to the start of the move on the higher timeframes, because if you loose the advantage...
thank you for your answer
I don't want trade in tf 5. I just want trade with the best results.
I will use 1 tf.

if the lights are ok what is the trigger of take trade ?
price crosses cloud, price crosses coral ?
  • #23,647
  • Apr 27, 2012 7:29am Apr 27, 2012 7:29am
Im trading THV in M1 more that a year now.

and switched to M5 last week only for a test.

There is nothing wrong with M5. M5 provides also good results if not beter with less stress.
How to opt out annoying user signatures ??
  • #23,648
  • Apr 27, 2012 7:35am Apr 27, 2012 7:35am
There are different ways of trading THV.
The regular way the setup for a long is

1) Price has to be above the coral and cloud.
2) Trix crosses up and both trix lines are green.

The regular setup for a short is the opposite:
1) Price has to be below the coral and cloud.
2) Trix crosses down and both trix lines are red.

That's it.

Then there is the MTF way, whereby you have to have 6 points in order to trade and two of them have to be from the 1m fast trix and the 5 m fast trix. This method is trying to catch the start of a 'good' 5m swing on the 1m chart. Using this method, we don't wait for the trix to cross, but base the trigger for the trade on the 1m and 5m fast trixes. The reason is that we are catching a swing when the underlying trend is in our favor, as represented by the higher timeframe trixes. Price should still be above the cloud and coral for a long and below it for a short on the timeframe you are trading. The exception is when you have divergence in which case you don't have to wait for price to cross the coral. The ideal setup is when you can see a lot of momentum on all the timeframes, close to the start of a move - for example like this:

Quoting heavenpv
I'm sorry but it was not exactly my question.
I 'm not talking about ahniel's graph and divergences.

what is the perfect setup ?
6 green light , price above cloud and enter when price crosses up coral ? (long)
6 red light , price below cloud and enter when price crosses down coral ? (short)
Or i didn't understand the thv ?


I apologize to not understand the thv system so thank you for you help
Attached Image (click to enlarge)
Click to Enlarge Name: 6lights2.jpg Size: 85 KB
  • #23,649
  • Apr 27, 2012 8:00am Apr 27, 2012 8:00am
Yes, I've also been trading m5 lately because of the low daily ranges , but still only the MTF version. (I just try to grab a little dip there too after the 5m fast trix changes color). M1 provides better results when the daily ranges are bigger and you can get a good trend going, because
it gives you more opportunities to add on to your trades in the
direction of a trend.

But when you have 50-60 pip days m5 is definitely less stressful because you need that bigger picture to understand what is going on at all.

Quoting Toranaga
Im trading THV in M1 more that a year now.

and switched to M5 last week only for a test.

There is nothing wrong with M5. M5 provides also good results if not beter with less stress.
  • #23,650
  • Apr 27, 2012 8:14am Apr 27, 2012 8:14am
Quoting MissPips
There are different ways of trading THV.
The regular way the setup for a long is

1) Price has to be above the coral and cloud.
2) Trix crosses up and both trix lines are green.

The regular setup for a short is the opposite:
1) Price has to be below the coral and cloud.
2) Trix crosses down and both trix lines are red.

That's it.

Then there is the MTF way, whereby you have to have 6 points in order to trade and two of them have to be from the 1m fast trix and the 5 m fast trix. This method is trying to catch the start of a 'good' 5m swing on...
Thank you
I understand

But i have a question about the regular way of trading
it's about the cross of the trix :
do you enter when trix crosses each other or wait the next candle ( ie to have the confirmation of the cross)
  • #23,651
  • Apr 27, 2012 8:16am Apr 27, 2012 8:16am
For long trades, price should be above the coral and cloud, and
the trigger is when you have 6 green lights, two of which
must be the 1m fast and 5m fast.
For short trades, price should be below the coral and cloud, and the
trigger is when you have 6 red lights, two of which must
be the 1m fast and the 5m fast.

The exception is when you have divergence. Then that in itself counts
for 4 points, and you dont have to wait for price to cross the
coral. You must still have the 1m fast trix in your favor, and preferably
the 5m fast trix as well.

Try to keep in mind that we are trying to catch swings, not just hitting buy or sell when we see 6 lights. We are using the trixes across timeframes to
get an idea if support or resistance is going to hold or break so we can trade accordingly. It's also a
good idea to use the price action on the chart, for example patterns like double tops, h & s, and higher highs/higher lows (or vice versa) to confirm trades.

Quoting heavenpv
thank you for your answer
I don't want trade in tf 5. I just want trade with the best results.
I will use 1 tf.

if the lights are ok what is the trigger of take trade ?
price crosses cloud, price crosses coral ?
  • #23,652
  • Apr 27, 2012 8:19am Apr 27, 2012 8:19am
Personally I always wait until the candle has closed for any signals. I don't trade the regular THV very often so maybe other traders can answer what they do.

Quoting heavenpv
Thank you
I understand

But i have a question about the regular way of trading
it's about the cross of the trix :
do you enter when trix crosses each other or wait the next candle ( ie to have the confirmation of the cross)
  • #23,653
  • Apr 27, 2012 8:42am Apr 27, 2012 8:42am
Quoting MissPips
Personally I always wait until the candle has closed for any signals. I don't trade the regular THV very often so maybe other traders can answer what they do.
What is you percent of win trade and percent of loss trade with mtf way ?

thanks
  • #23,654
  • Apr 27, 2012 8:48am Apr 27, 2012 8:48am
very thank ricmi

sorry me but i have another problem...
i would like show me better the divergence.
in the chart i have found the setting for itself...but i dont find the setting to see the divergence like the chart into the trix. (i dont want arrow trix but line trix divergence)

thank for replay
Attached Image (click to enlarge)
Click to Enlarge Name: 3.gif Size: 18 KB
  • #23,655
  • Apr 27, 2012 9:25am Apr 27, 2012 9:25am
between 65 to 80.

Quoting heavenpv
What is you percent of win trade and percent of loss trade with mtf way ?

thanks
  • #23,656
  • Apr 27, 2012 9:40am Apr 27, 2012 9:40am
Quoting L,,Olonese
very thank ricmi

sorry me but i have another problem...
i would like show me better the divergence.
in the chart i have found the setting for itself...but i dont find the setting to see the divergence like the chart into the trix. (i dont want arrow trix but line trix divergence)

thank for replay
In the same window:
1.note7-divergence settings-draw divergence trendlines-true
scroll down
2.show divergence arrow- false
  • #23,657
  • Apr 27, 2012 11:06am Apr 27, 2012 11:06am
Quoting ricmi
In the same window:
1.note7-divergence settings-draw divergence trendlines-true
scroll down
2.show divergence arrow- false
can you post an pic like before?
I have done but dont happen nothing

thank
  • #23,658
  • Apr 27, 2012 6:53pm Apr 27, 2012 6:53pm
Quoting MissPips
If you trade the 1m chart you need to configure it
1m fast, 5 slow, 5 fast, 15 slow, 15 fast, 30 slow, 30 fast, 60 fast

so that you can take the 1 m dips into consideration.

Or if it's easier for you to see, you can trade it the way you mentioned on the 5 chart, and just forgo the 1m dips, using the 5m fast as the trigger for the trade. But then try to make sure that the5m fast and the 15 m fast are in your favor and pay more attention to where you are in relation to the start of the move on the higher timeframes, because if you loose the...
Hi misspips

Just want to clarify the settings for the 1m MTF as mentioned above if I may. You mention the settings should be set as: 1m fast, 5 slow, 5 fast, 15 slow, 15 fast, 30 slow, 30 fast, 60 fast. A previous thread has the settings as: 1m fast, 5m fast, 5m slow, 15m fast, 15m slow, 30m fast, 30m slow, 60m fast. Could you please clarify which is the correct settings for the MTF or am I missing something. Also, are these settings ok for use on the 5m chart or do they have to be modified to suit.
A MOUSE THAT ROARS IS STILL NOTHING MORE THAN A MOUSE!
  • #23,659
  • Apr 27, 2012 7:03pm Apr 27, 2012 7:03pm
Quoting ahniel
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 ahniel

First of all I would like to commend you for the charts you post for all to see your trading activities. I would like to ask how you determined this trade as viable if I may. You mention 6 red lights plus price below coral and cloud. As I see though, you only have 5 red lights and price is in the cloud and above coral. I see the divergence as a valid reason to trade but you make no mention of this. I am interested in comprehending your train of thought regarding this trade.
A MOUSE THAT ROARS IS STILL NOTHING MORE THAN A MOUSE!
  • #23,660
  • Apr 28, 2012 12:02pm Apr 28, 2012 12:02pm
Sorry for the confusion although both settings you mention are actually exactly the same in substance. It's just that since you must have the 5m fast and the 1m fast for the trade it's easier to see if the 5m fast is in the second row under the 1m .

You can't use the 1m row on the 5 m chart - it doesn't work. So you can replace it with the 60m slow. If you trade the 5m chart it's better if the 15 fast is in favor of the trade, and you might want to consider putting the stop a few pips above/below the swing and making the target equal to the risk because a 15 pip stop might not be enough on the 5 m timeframe if you aren't getting the advantage of that 1m dip. (Depends where the entry is in relatation to the top of the swing). You can also look on the 1 m chart and see where the trix is at the time of the 5m entry and if it's way overbought or oversold, wait for a dip.

Quoting scarlet pipe
Hi misspips

Just want to clarify the settings for the 1m MTF as mentioned above if I may. You mention the settings should be set as: 1m fast, 5 slow, 5 fast, 15 slow, 15 fast, 30 slow, 30 fast, 60 fast. A previous thread has the settings as: 1m fast, 5m fast, 5m slow, 15m fast, 15m slow, 30m fast, 30m slow, 60m fast. Could you please clarify which is the correct settings for the MTF or am I missing something. Also, are these settings ok for use on the 5m chart or do they have to be modified to suit.
15 traders viewing now, 1 is registered:
Harsh983711