My Journal - Based on THV V3.0 by Cobraforex
I am starting to trade live and want to log my results to keep me motivated and on track. My trading strategy is based entirely on the THV system (with some personal modifications) which can be found in the trading systems part of the forum. Before going further, I want to thank cobraforex for all the hard work he has put into the system; it has helped hundreds of trades myself included.
Entry Rules (see attachment for valid entries)
The entries will be fairly mechanical and easy to identify. However, the exits will be much more discretionary, and will be tough to master. If a trade gets to +10, I will bank half my profits (or more) and set the rest to break even. I do not want to turn a winner into a loser. This system can produce some good runners, so I will probably scale out of my position at times to catch a big move.
The team wish you good luck
I bookmarked the journal and will come by frequently to see how you are doing.
Since than all the pips for you
Well done Peter, I also learning Cobra´s system and hope you do well to give us all hopeness.....
1$ per pip....wuau....thats a lot Peter...at least for me that I am tradding 0.1$ per pip.....
Hope you can master the mental stress that may cause...
Thanks for the encouragement so far.
Buy 1.0 EUR/USD @ 1.3022
Close 0.50 @ 1.3027
Close 0.50 @ 1.3030
Was a little conservative for the first trade, I see it has already popped further. But not a bad start
Buy 1.0 EUR/USD @ 1.3042
Close 0.50 @ 1.3052
Close 0.50 @ 1.3042
Sell 1.0 EUR/USD @ 1.2991
Close 1.0 @ 1.2991
Buy 1.0 EUR/USD @ 1.2955
Close 1.0 @ 1.2957
Got scared because it ranged for a bit..
Buy 0.20 EUR/USD @ 1.2861 (went against coral so risked less)
Close 0.20 @ 1.2863
Well done Peter...keep it up mate...
Buy 0.20 EUR/USD @ 1.2874
Close 0.20 @ 1.2885
Meant to take a 1 lot entry but had 0.20 from the previous trade . Very fast payout though, it was a good one
Sell 1.0 EUR/USD @ 1.2854
Close 1.0 @ 1.2875
There go all my profits for the day...I entered too early before the bar closed and it ended positive. Also right before London close. Stupid! I think I am done for the day...will recover and try again tomorrow
Day 1 - Feb.3
Poor start, but there were some positives to take out of it. Hoping for a better day today
take care on your trades when sessions open and close, during those times can be dangerous for scalpers.
You have the session indicator with countdown that could help you.
Also take care 15 min. before and after news !!!
good luck Peter
Thanks cobra, I have learned a lot from just this one day of live trading. I am still very confident - it was my mistake and not the system's. I will be more disciplined from now on.
cheer up peter and hold there...some of us need inpitarions like you to continue...
I'm not neglecting the journal, simply did not take a trade today. I wasn't feeling in the mood and was busy so I felt it was best to stay out. I plan to trade upcoming London and NY sessions
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