THV system, final edition

about 45 min. by car

sorry for the delay

Hi FreddyFx,

It looks like you have a great place to trade (whether from the pool with a laptop) or from your office, which I saw a picture you post many weeks back.

I wanted to respond to your point about investing in the proper tools, in this case for trading. Look folks, this is a business. To be successful in most businesses, you need to have the right equipment and technology. To trade forex, or any market, I would recommend at least two monitors and one good computer with a fast processor and lots of memory (RAM).

I run a two D*ll brand Precision 390s with Core 2 Duo processors. I have 4 gigs of memory and three 512 mb video cards – each running two monitors (6 dell widescreen). I used to have 12 monitors (when I traded stocks – okay – maybe a little obsessive). The second computer is for watching other markets (now only 2 monitors – not 6). Yes, the setup you see was expensive, but it sure makes trading a lot easier and it will pay for itself (already has). Since I have to sit for a long time, my chair was even expensive.

A good desk, good modem, a good computer with two monitor support, and fast processor is cheap compared to not being well equipped for this business. Trust me, invest in the tools, learn the THV system, and follow this thread, and the money and time spent WILL pay off.

NEWBIES - Like FreddyFx says, many in this thread and others have been doing this a long time and spent hundreds of hours studying this business. I have spent the last year alone immersing myself in forex – full time. I have lost money and made money as part of the learning process – hmm – just like a “real” business.

Like a doctor who spent years (and a ton of money) learning to become a skilled medical technician (and to make a very good living), the investment of time and money as a trader will result in a good career for you, too.

The best trading is ahead!

that is a TRIP, a complete workout,

mine is 15 min walk from the beach

The difference between us is that I hate the beach (too much sand and water) while Mrs. Cobra love it, the dis-atvantage is that i can't bring all my monitors there and the internet is soooo slow.

You see guys.

These are the ultimate trade desks.

I NEVER understand guys that pretend to work forex professionally in having nothing more then a 15.4" laptop.

To me it is like pouring a 100m2 concrete deck and mixing it all by hand.

Like CC mentioned, you need to set goals......and setting up my desk was my first one. Took me 4 yrs.......

I'm trying to get a hold on a local ebay auction on this equipment.

All the folks running around there are coming with the bet, I'm still not sure if I can train them to eat cuy (gofer says cuys are rats).

How come I have the feeling Cobra started the countdown for the release of the latest version ??

Cobra is posting here, Doblece is quiet, so must be at work, so are we getting close to the moment ?????

Dude, I have that exact chair,it is so nice I can sleep in it after a good day trading and a couple of Crown Royal's.

here is a dentist version of the Freddy equipment, I'm sure you'll love it.

The last 24 hours of discussion on this thread, in my opinion, had been nothing short of fabulous. The questions have been excellent, the discourse thoughtful, the answers from Doblece, Tradewell, Gofer and of course, Cobra absolutely brilliant. I’ve read books, PDF’s, and many threads in this forum called Forex Factory, etc, etc on trading in general and forex trading specifically. I must say to the participants of the THV thread (team members aside) we (though, I can only speak for myself), are VERY fortunate and blessed to be exposed to this level of competence, knowledge and candor within this little realm of ours. To have them share and TEACH (for they are TEACHING) us in the fashion they do (FOR FREE) is astounding. All with the intent, in Gofers own words: “You owe me nothing, just pay it forward!" “WOW;” – is all I can say.

I know for myself, like Freddyfx mentioned earlier; I can’t absorb all that has been written and discussed in the last 24 hours. I also have copied and pasted everything onto a word document. So, I can spend time rereading, noting, and studying the material discussed. From Fibs, Pivots, time zones, MM, to mindset, organization, daily routine, time of day to trade, a balanced mind and life; etc, etc. The content is as concise, accurate and honest as ANYTHING I have read pertaining to what I do for a living. In short, what a beautiful summary of such important material. Special note to Doblece; I’m sure you know, as do others – you have a gift of the written word young lady. Absolutely beautiful gift – thank you for sharing.

If I may so bold as to suggest to the newbie, part-timer, full-timer, anybody for that matter - - take what these people have given to us freely and apply them to the activity and routine you do daily and results WILL happen. I know I will. I have implemented much of what has been said( from copious other sources) for many months now in my world – to have them reiterated in such a fashion, especially this weekend; just before THV3 comes out and after the ludicrous Bozo and moronic trading I executed Friday, was exactly what this idiot needed to be exposed to – again. For all to know; I was up this week 7.83% of my big account for the week through early Friday morning. I ended up down 5.1% of that same account by the close of market Friday.

And I can tell you exactly why. 3 reasons: 1 – I had NO business trading Friday morning my head was not there AT ALL. 2 – in consequence; I entered a trade without permission and did not get out immediately (Oh it’ll come around). I went long at the top before it dropped. It even retested high before it tanked and I didn’t get out then either – got rid of my s/l from 22 pips (what my trading plan tells me) and let it drop another 30 before I closed. 3 – After that; well, I began to chase and ‘revenge trade’ well then “let the bloodbath begin.” I’m sharing this because I know each of our teachers and mentors on the THV thread have been there, done that. That many times, we only share our successes, but due to pride, ego or shame, we do not share our defeats. This ‘game’ does NOT have room for pride, ego or shame. Sharing the good, bad and ugly is a little way for US, the students, to give back to the teachers and others.

Sorry for the rant – but, I’m a historian; that’s what I do – ramble on and on and on.
SeerEye

Cuys tastes like Pork. It's a delicious typical food ecuatorian YOu can only find in the SIeRRA

yep, very close, it's just a matter of time

thanks SeerEye
Only take apart the last hour, it's crazy fun time

Beautifully said, and that is what the thread is about. Sharing success and failures so that all may prosper and learn.Thank you for your post!

Thanks freddy. I have one in every bathroom!

While out and about......

Thanks to everyone for the fun and information we shared this weekend!
T-minus 21 hr 15 minutes till back to work!

SeerEye,

Thanks so much for posting this. It is so typical in this business, but so many don't realize that the mental aspect of trading is probably more important than any System or MM plan.

It seems that it should be soooo easy to stick to the rules of a system when you know that it works, yet our human minds allow us to do things that we know are incorrect.

My personal belief is that if you can master the psychological aspects of trading the pips will come. And even more pips will come when paired with a quality system like THV,

Thanks,
Doc

Gofer will come out Monday - Groundhogs Day...


Very informative today. Thank you everybody for your insights.

T...

OK Cobra, I'll hang out with you at the bar, pool and trading room, and Ms. TradeWell will hang out at the beach with Mrs. Cobra because she likes the beach too. I don't care for it so much.