Hi Cashmeer, No, it's hidden bearish divergence- price is making lower highs, trix is making higher highs. I just wanted to show what has been causing the divergence - price has been been bouncing off of the red t/l(which is pretty well tested), the ...

THV system, final edition

Here is my weekly chart - even it shows divergence. If we bust through that red trendline and the fib 50% mark though look out above

THV system, final edition

Right, and that is why the rules only call for 6 points. That means you can trade when only the 1m, 5m and 15f are going for you if the Ichimoku agrees without waiting for all tfs to line up. The higher timeframes are mainly there for two reasons: ...

THV system, final edition

There's nothing magic about it. I guess this must be a hard concept to grasp, because people keep asking about it. The trix histo shows you, on the one minute chart, what the five minute trix was doing for each of the five minutes that make up that ...

THV system, final edition

Not really. It's impossible to specify all the situations for 6 point trades in a few simple rules, and it's ok to personalize the 6 point method too. One thing I have noticed is that if you have all 9 red lights, and you are missing either the 1m f ...

THV system, final edition

MT4 limits you to 8 buffers. I need one buffer for the red squares and one buffer for the green squares. 2*4 tfs = 8 buffers.

THV system, final edition

It's one minute. That's sufficient for me to see yuckiness that I don't want to trade in, like today... I do look at the higher timeframes from time to time, but I decide if PA is trendy or choppy based on the 1 m

THV system, final edition

Oh, sorry. The Coral is the THV3 Coral indicator. It's just a moving average and as to the exact formula for it, that's proprietary to Cobra. You will find it on the first page. We look for long trades when price action (PA for short) is above it, ...

THV system, final edition

Hi Twamta, You will see a lot of different charts here (some really clean and beautiful like Cobra's, Tradewell's and Cashmeer's, others messier -the guilty parties to remain nameless), but THV is really very simple. You will notice that whatever ...

THV system, final edition

Well, when I first started testing the 6 points method I was hot-dogging it trying to get every 10 pips I could. But then I realized I'd never be able to keep up that pace ( and also it's harder for me to concentrate to do that in the summer) so I ...

THV system, final edition

Here is another example of a THV trade inside an orderly rainbow. Notice how the characteristics of an orderly rainbow repeat themselves, and how good THV is at telling you where to get in once you have identified an orderly rainbow (graphic way of ...

THV system, final edition

Maybe you could do that, but I think it would be really complicated because you would have to be working with native MT4 data coming in and stored data from the indie, which would also have to be intermixed with native mt4 data when you didn't have ...

THV system, final edition

Hi Nonnodom, Yes, you are correct. Repainting is not a problem during live trading (using the trix histo anyway because it shows you minute by minute what is happening. I'm not sure about the mtf trix because the screen shot I posted above shows it ...

THV system, final edition

I also find I like the MTF trix indie very much because it shows you the shape of the trix. However, regarding the repainting of the trix histo - the trix histo shows you what happened minute by minute iwith the trix indie inside a five minute bar ...

THV system, final edition

What I mean is that I tested the 6 point mtf system with a fixed tp at 10 pips, because I didn't have the patience to manage the trade which was my own limitation, and that's why that is what is recommended in the mtf manual. The more advanced ...

THV system, final edition

Hi IrishPips, Thanks for that great post!. I'd just like to clarify something about the 10 pips - that's not a THV rule and not all THV traders use it. That was my personal suggestion for using the 6 point method, because it seemed to offer a ...

THV system, final edition

You're welcome. Nice scalp. I have to say I kinda like the mtf trix indie even better than the trix histo, because you can see the shape of the trix. I 'm just using them to count the 6 points instead of the lights.

THV system, final edition

Use the indie Cobra posted a few days ago, and set the TimeFrame param to 5

THV system, final edition

Here is another example of using the Rainbow to find an orderly trend in which to look for THV trades.

THV system, final edition

Yes, you count the cloud.

THV system, final edition