A disciplined THV scalper journal

After a while in swing trading, I decide to go back scalping which is suit for my personality. The reward ratio(1:1 or 1:1.5) of swing trading is almost the same for me at scalping, so why should I wait hours for a 50/50 signal?


Entry rules (Long in the example):
- Fast TRIX cross Slow TRIX.They change into green.
- Price is above Coral line.
- Check for R/S levels, divergences and trendlines to confirm entry.
- THV coral,above only long, below only short.


-Fast TRIX cross up 0 level(en, im not sure about this one coz it seems a bit late for scalping in today's trades....)

Eixt rules
- Once get +5pips, put sl at BE.
- Mentally trailing stop 5pips, also depend on the speed/strength of price.


Im very new to the THV, but already see its profitable power by my one year FX experience. I know I will experience more losing trades than expected on this journal, but mistakes are good, coz makess me become a better trader.


Update 01-28
Possible best entries: (still working on this part)
1)Two Trix set up already before the candlestick cross ichimoku
2)candlestick is strong when crossing ichimoku
3)break out entry,candlestick should be strong


Update 01-30
Trading commandments:
I shall:
1)Never trade during the news announcements
2)Never trade with the hope of winning
3)Never trade without a relaxed and clear mind
4)Never trade against a major implusive trend
5)Be patient

This is my first day on THV, trading on small live acct.

1)Opening on the london session. +25p

2)Broke the rule, i THOUGHT the trix will change red color later. So if put entry now, i can get smaller sl and larger tp. My guessing was wrong. TRADE WHAT I SEE, NOT WHAT I EXPECT. -10p

3) Not sure if its a fake signal, or i should put my trigger before the trix corss down 0 level. -14p

4) enter late, coz i didnt believe the signal after a loss. I WAS WRONG, otherwise could collect more pips. +4p

5) +5p

Total: 10p ..... there'r plenty other opportunities in the chart b/w 4) and 5), i didnt take them coz i fell asleep Just so tired...

+13.5p

1) Fake one or enter late? (0 level) It shouldn't been stop out, but i change my mind and close it manully before it hits sl. Actually it didnt. -14p

2) +9.5p

Total: -4.5p

+5p

+24p

Bcoz its my first day using THV, I dont trust it very much especially after a losing trade. In my mind, I still want to adjust it as a BETTER system instead to adjust myself to accommodate with it.

Haven't trade on 5m for a long time, its a bit quickly to me now. Scalping need traders to stare on the screen and contrate on the price action. Haha, thats y I felt so tired and fell asleep.

Feel nervous, hesitate, doubtful after a lose happend.

Anyway, all of them make me become a better trader. My daily goal is 20p at this very beginning, which means 3% in the acct, achieved.

Its a real BAD day for me. Most of my entries are good, but before the position turns to be profit, its been attacked by stop hunters. Four Times!!

After a while, I tried to put my stop a little far away from my REAL stop and use mental stop, it began to take profits. But very little, red pips today. I also made some mistakes on today's trading.

1)Stop out. The danger was hard to see on the chart, i thought my position was safe, but it DID been stop out. -11p

2)BE. Before I move the sl to BE, the price runs good, BUT after adjust sl, it DID been stop out. Again, it was hard to see on the chart. +1.5p

Total: -9.5

1)Stop out. AGAIN, it was hard to see on the chart. -13p

2)I dont regard it as stop hunter. At least, im able to watch the price hits my stop loss line. -15p

3)Widen my sl. +5.5p

Total: -22.5

Put my sl a little far away from REAL sl. +8

Shoudn't open position one hr before news, even I put my sl at a safe place. AGAIN, it was hard to see the price hits my sl line on the chart. -26p

(later when i check again, there's a price of 82.077 in the chart. BUT when i been stop out, there was none)

hi boom, what do u mean by stop hunters? u mean broker deliberatley going for your stop loss.

let us knowm thnx

sam

Total -50pips. Very bad day. Im not feel sad but being very angrey for the so-called stop hunters.

Some things learned today:
1)Put the sl a little far away from REAL sl.
2)Dont put trigger one hr before major news, esp Fri.
3)Should follow BIG TREND so that the stop hunter will cost a lot for kicking my ass. ---- THV coral,above only long, below only short.
4)As Jack Herer suggest, check the LWMA60 bf enter a trade, its very useful to see the S&R.

If this situation happened again in next week, i'll change into another broker.

Hi Sam, there r two big stop hunters. One is broker, another is big institution.

Except ECN, most of brokers(market maker) trade against us. They can see our orders in the back platform. The best way to deal with it is that to trade with the significant trend which created by big institution. Trade with momentum, not the ranging mkt. Another is to put our sl a little far away and dont let the broker know our intent. One of my friend puts 100pips sl in short trading but sets up a stop EA in his MT4. Broker cant see his REAL sl but 100pips. One the move against him, the EA protects his order automaticlly along with his strategy.

Big institution dont know our orders but they r familiar with where we put our sl traditionally, such as break out,68% of fib, double shoulders / bottoms. So they can use their money create fake signals at these place, no matter M5 or H4 or D1 charts. But the bigger timeframe cost them bigger cost. Hedge fund dont buy high sell low, they push the price in a relative high place(where usually our sl r) to fill their countless sell orders, and then sell to obtain bigger profit. I know this coz one of my friend is working at a team of hedge fund trading with billion dollars.

1)In my rules, short below coral, maybe i should wait for the retest, or maybe its mean to be a fake signal. I set sl at the double head, large and painful. -22

2)+4

3)+40

4)+3

T:+25

1)+7

2)BE. +1

T: 8

BE. +1

1)+7

2)Fake signal. I put sl as support line to avoid stop hunter, however, the sl was so larger for scalping. Still work on this part. -25

T:-18

Total today: +16. Not good. My rewrad ratio is bad so one sl would kill my profit. I found the buy/sell signals coming late if only rely on Trix. Usually a big strong bar pop up and two trix change color, but next few bars the price is falling toward to the support area. The best entry i can think now is put the trigger on the process of pop-up big bar, like break even or hl,lh.

When the price crosses coral, its better wait for the retest bf enter.

There r plenty of signals for each pair everyday. Unless Im able to tell the fake one, its better to take all of them otherwise i'll miss the pprofitable ones.

Hi boomslang I'm kiran from Beijing china
I have read your journal on THV System for scalping & its quite good !!
I'm also working on it & having same experience like you.
Now are you still using it ? I'm eager to know about your recent trading experience with thv system.
best of luck in trading