Welcome to my new journal for the THV 4 system
Goals and Objectives:
- To accuratley track all trades on the EUR/USD using the THV 4.0 system
- 2 months of trading data
- every night from 0600GMT to 1400GMT (Tuesday night to friday morning) (Two Sessions, London/US)
- No more than three trades per day (Three total, for both sessions)
- Risk no more than 2% per trade
- Goal 20% Gain in equity per month
- Increase users who trade using THV, get input from people actively trading THV
- Put together a free skype room for those that want to trade THV (After proven profitability), beore the two months for THV experienced users.
I'm not a total noob to forex, but I know enough to be dangerous. I've decided to get serious about trading and take my paper trading seriously. Been trading on and off since 2007.
I think a lot of traders go through this, I'd pick it up and then get frustrated and drop it. I'd be doing well then would overleverage my self or try and make a big winner and end up taking a big loser. Then blame the market or my self and would give up for a while.
The truth is now I understand if I want to be a real trader I have to pay my dues, I have to forward test, let my emotions fly until I'm calm, look at all my bad habits as I am paper trading and seeing how I sabbotage myself so that I can be a more consistent trader.
I'm ready to focus on the process of trading and becoming a better technician at this craft, as opossed to making my account explode with cash over night.
There are times when I look at the market and my perspective is right in line with the market sentiment and things go my way. I don't even need a system for those days. Then when the market doesn't have a clear direction the system is nice to help filter out of trades, then I realize I shouldn't trade with out a system.
I'll see how the first two months go, November and December. If things are all good (20% return) I'll go live and keep a record here. If not I'll keep paper trading until I hit that goal.
I would really like some feedback from folks who are succesfully trading the THV system or are profitably trading another system and would like to comment on a particular trade or my methodes/thinking process, or for that matter anything else you'd like to comment =)
I'm going to do my best to elaborate on my thoughts and feelings towards trades. Let me know if you think I should be divulging more or elaborating on certain things.
I am also going to post an MT4 live account so we can see how I'm doing live.
I've got to say I love forexfactory. This community is a great resource for all of us wannabees. I appreciate every poster and system creator, BIG thanks to the THV group and all the posters from the thread.
Wish me luck guys!