Sonic forex Ebook | Sonic Forex Indicators
Source www.forexfactory.com
TVH taken from the name of an experienced forex trader Turhovach who has introduced this forex trading system in the popular online forex forum. TVH system is a scalping forex strategy techniques with the small time frame, especially in 1 minute. Although it can also be used in the larger time frame and you don’t need to change the settings of TVH indicator because this indicator can be used on any time frame. I’ll give you a view about basic rules of this forex system. Indicator or template of TVH forex system and its complete article guide could be downloaded later. These are the main rules of this forex system;
Entry :
PA (price action) and blue (aqua) T3 line crosses the big hull line and the candle is in color of direction (red -> short, green -> long), We only enter short under the cloud and vice versa.
Exit :
Candle and OsMA change colors and price passes the blue (aqua) T3 line.
Target Point:
Taking profit can be touch of a trend line, resistance or support line, horizontal psych level (00 - 20 - 50 - -80).
Stop Loss:
Please set your stop loss according to your money management plan, as higher your TF that you trade as lower you set the pip value and as higher the Stop Loss, also it depends on the currency pair that you are trading.
Information:
1. The green and red “worms” in the indicator window are RSI and show overbought and oversold .
2. OsMA shows us trend change and divergence
3. The green and red line in the indicator window (T3 Trix) show us early possible trend changes on cross.
4. The hull, the fat line on the main window, shows us the direction for the TF we are trading.
5. The Ichimoku cloud give us the decision to witch direction to trade.
6. The Center of gravity lines in green and red.
7. The blue T3 line is our main indicator and gives us entry and exit as PA cross.
This is a Multi timeframe setup, you don’t need to change anything jumping from one TF to the other. The 1M TF is only for extreme scalping and needs good forex skills.
TVH forex Ebook | TVH Forex Indicators
Source:
www.forexfactory.com
