THV 4.0 Journal

I'm making a rule about the 1 minute chart because of last night. Last night I shouldn't have traded until price came back down to support on the 1 hour or broke another lower area of support.

I ended up taking a winning trade during the US session to balance things out. What I learned was that if I am Bullish then I need to wait for bullish setups. If price is going against my trade plan then I need to stay out and wait until the market makes sense again. This way I can hopefully avoid impulsive or impatient trades.

The 1m chart will only be used when a setup is forming and price is going to break support or resistance. The reasoning for this is psychological, 5m is the closest I can get to watching a setup form. When I throw on the 1m chart my brain goes to mush and I think it's easier to deviate from the trade plan.

Another note is, I'm was watching the 1hr chart because it gave me a decent view of the market at the stage it's at in the setup forming process. Now I've moved to 15/5m charts because it makes sense to me, and that's all I'm going for is the feel. I'm going to see how tonight pans out.

I think I see a good setup coming but I'll let price action guide me.

The TRIX and THV charts are great. I'm using the divergence to help me with trade decisions. I'm still figuring out how they can work for me.

It's starting to see that Technical Analysis is the Bread and Butter. I wasn't at my computer to make the decision but I was looking at the charts at http://www.dailyfx.com/charts/forexpowerchart/ . Looking at the Daily, we are in an uptrend, so I was still bullish even tho the 1hr chart was trending down.

The daily chart today was really my best indicator of direction, since price action came down to a solid support level that is what also kept me bullish. The hourly alone would have been bearish, just from looking at it alone.
Which is why I'm glad we can be creative and hit multiple charts.

The 5m chart was what gave me the strongest indication, I had some kind of... pendant, or flag. Basically horizontal resistance and vertical support. There was a breakout, I wated because it didn't look like a normal breakout. I got in on the second breakout and first retest. Price hit what would be my 8pip and could have easily ran to the first pivot which ever one it happens to be since I'm not in front of my charts.

My forcast for price will be 1.3800 and then reversal or we break thru and keep going up. But up until 1.3800 at least. We'll see If I'm right er what... can't wait to get in front of the charts. I'm SOOOO tired today, I may just go home and crash.

I was at work and just got home 7:17am MST on the charts. I missed the move for today. Looks like price is going to retrace, charts don't look good for setups better not to force it.

I would have made 8 pips tonight. I traded again on the NetDiana, I bought on the second wave. I pretend to buy at 1.3735 +2 for spread 1.3735 Closed out half at 1.3745 then the other half at 1.3750.

I had to leave work and come back after midnight or I would have caught more of the move.

One thing on frame of mind today. I found my self wondering what was going to happen with price. After the market retraced and took that dip last week, I've found myself feeling a bit confused looking at the charts. I think the reason for that feeling was the market hadn't moved a whole lot and when the price dropped last week, my mind started thinking about what when I was going to see it reverse.

I can only trade what I see and depend on technical analysis, I may end up ditching THV all together. I'm starting to think I'm a price action/pivots guy, I do like the divergence tho. Guess we'll just see.

Well because Alpari are a bunch of cock suckers... I won't be sharing my awesome MT4 live account with anyone I have to use FXCM because Alpari keeps blocking my accounts. IDK, maybe it's all my fake information.

I start making headway and shit happens. Story of my fucking life.

I'm a bit tired from graves. Just a little irritated. watching for some setups. I'm bullish looking for opportunities. I'm not going to lie, I feel really frustrated putting all this time, this whole month of my trade data on MT4live was killer.

I know everyone bennefits from having that kind of data.

I just took a +7 pip trade. I closed out 1 pip before my target. I should have just let it run.

Screen shot explanation, I glanced at price action and saw a good opportunity to buy. It had just touched support/ema/pivot and I had divergence. So I threw in my SL and TP, glanced at it a couple min later and I had almost hit so I just took it.


See you tomorrow. I'll get my FXCM account setup, at least I'll be starting with 10& more.

My account would be at 4700$ from 3900


BTW...price went 20 full pips. I'm really going to see how much I can get away with. If I can get 20pips per trade I'd only have to have 2 winning trades a day/average to meet my goals. Rock on.

I'm Bullish waiting to go long at 1.38145 after a retest.

Screenshot shows 15m chart support lines are from 1hr, looking for a bounce on the vertical support line.

THV 15 MIn chart included. just to show where the trix is and how THV looks. I'm trying to get confirmation on my decisions after the fact with THV, so I look at price action and pivots first. When I want to get in and run to that execution button and I look at THV, if THV doesn't look like it' setting up then I avoid it an I don't trade.

If price doesen't break and retest 1.38145 with THV signals or divergence, and price action then I'm done for the night.

As I type this I see THV setting up for a long. THV is setup for a short cross of the 0 and below the coral. But the coral is closing the gap on PA, right near a pivot so we may have a setup coming up.

I'll keep this posted.

Hi i m as well using THV V4 system and i m doing fine for now. I did have some problems with it and your last trade is risky one, since a price is under coral and THV system rule is to go with a coral not against it, if above we buy if under coral we sell. Kepping this rule in mind can save you from many bad situations.

I hear you, I'm breaking rules right now to figure out how I like to trade. I appreciate your input and I'll look at how this can help me become a better trader.

I will have to give THV a try. Now that I know a little more about pivot points and where I want to buy, i'll see if I can better incorporate THV.

I think sometimes it's okay to break the rules. How do you trade THV? how long have you been trading? how many trades do you take a night with THV? are you on the 1m or 5m?

No indicators, just 2 ema's and technical analysis.

Bought 3608 TP 3588. Closed at +15

This will be a running total I'll keep based on a theoretical account with $500 trading 10,000 lot sizes. 1$ a pip.

This will strictly be for Sunday and Monday trades. I'll have the rest of the weeks trades through fxcm micro. I'll post that statement at the end of the month.

Closed out 10 pips tonight on a buy. I got out early, got slipped on 13 pips. Pussed out at 10 pips wanting to wait for it to run to the next pivot but not feeling good about a buy because of the recent break of important support.

I think if price goes any higher it should touch the 200 EMA at the next pivot on the hourly 1.37 or .3680ish.

My observation is of the meaning of the trend. They say to trade with the long term trend, maybe I never interpreted this correctly.

On my hourly chart with a 200SMA and 60EMA it shows in a down trend but PA is making higher highs and higher lows. PA is breaking above pivots, on the 15M the ema has crossed and bounced off a pivot and support line from the 1hr and we are at the time when the market moves so when price broke a pivot with that momentum that is like a signature, I feel strongly that it's a good probability to trade.

I still don't know what the hell to do with THV. maybe I should just play with it, just follow the rules they say and take a ton of trades. I just don't see how I could trade using Technical Analysis other than using indicators, divergence, pivots, to confirm my trades. That's seems to work okay.

I don't want to miss out because I didn't use the system correctly....I need to make a decision here. What I'll do is observe for the rest of this week, I'll trade a new demo just using THV and see how things go. Since I'm learning and having fun I guess there is no rush "Whateva I do what I want"

BTW I apologize if my grammar sucks. I'm super tired from work. I added my total, I didn't count a few trades. But I worked my way up from down 20% in a week. To steadily making back 20% I wish I had an equity curve..but it's been going up.

I haven't slept since work very tired.

Some observations. I'm going to be showing a 60ema purple and 200sma green on this chart. What I have noticed and I think I will make a solid rule, for the exeption of trading off retraces in a strong trend. That I will only buy and sell when price has broken a pivot while bouncing off the 60EMA.

If combining the EMA, Support and Resistance, and Pivots I can get the best possible setups in my opinion. We'll see how this works out. My meaning for this is the mean or the 60ema really does repell or attract price, when price is touching the 60ema it is only a matter of time before PA breaks above or below and all of the big moves happen after a touch at the 60ema it seems.


I got long on the bounce of a break, making higher lows. Well It finally broke out I set my TP to 12 pips, I ended up rebuying at support on the 5m chart because I broke my rules and didn't buy at support on the 5min chart. I bought around the pivot which was okay but considering the circumstances I could have got a better price.


So I will be trading wtih FXCM from now on. I was just tired and didn't load it up, I can't stand that fucking MT4 slippage bullshit. I lose LITERALLY HALF my profit waiting for that bullshit invalid price to quit re-quoting me

Journal Stuff
On the 9th I had a bad trading day I lost a heavy $240. It was a bad day to trade I was feeling like hell and hadn't slept for 25 hours. I have excluded trades I have taken at work and wrote down with spread and made pips. I will be adding 23 pips at 1.5 bringing the total to $5283 a 5.3% increase on the account.

As far as the running total we are doing well and making pips. I unfortunately have not been using the FXCM Micro platform which I need to do. The funny thing is I think a part of me doesn't want to trade it because I've had a couple of losers and for some reason I'm intimidated lol The human mind!

I have started saving for my trading account, my goal will be $300. I have $160.09 and I am confident that I can grow my account. I feel like if I like .25% to .5% on each trade then I should be able to sustain many losses, but I feel like my performance has been steadily getting better.

I am still learning, I will continue to strive to be the best trader I can be. I am still experimenting with paper trading on techniques, rules that may be bent or broken depending on scenarios.

I feel like it's important to play around and do what I want, since trading depends so much on making the correct decisions for myself. I have to look at charts and decide what I think is going to happen and embrace whether or not I was right or wrong. Because if I am paper trading there is no money on the line and no pressure, so it's all about having fun and trying to be good at picking direction and winning.

A word on methodology.
First I look at the Daily chart, draw significant points, observe my pivots, and watch for price action/candles to help confirm a decision on direction. I drop down to 4hr,1hr,15m,5m and repeat the process. I like using the 15m for trend, but I also use the 1hr for support and resistance and under current.

I have precise levels I buy and sell at, I only buy at pivot points with: support resistance, ema's, and technical analysis. This makes things easier on me, this helps make it more fun.

I find that when I stare at charts looking and PA just move up and down I start "seeing" possible trade opportunities. When I have those thoughts I try and think back to my rule about only buying and selling at pivots and it usually will not be a good idea, however there are times when I have broken this rule just to see how it would turn out. It's important to know as a trader because my instinct can be a powerful tool in the many I use to make trading decisions

Slippage pisses me off like a mother *****. I closed out that son of a **** at 8pips and Alpari *** *** me out of four pips because their trading execution is a god damn joke.


I'm sorry but it ANGERS ME DEEPLY when I am watching the screens like a hawk and when I see price get within .00005 of my target. I close out when price action is starting to break recently set resistance. I was out with 8, but re-quoted 50,000 **** times. I really just don't understand how anyone could trade with Alpari if their execution is this horrid.

I only took 4 pips and it wasn't really a trade I should have taken, it was riskier. This is what I'm talking about when I'm talking about experimenting but not going crazy, I experimented to see what I can get away with but the pivot. I've also taken a few small trades with less than a pip profit. Trades like that can be dangerous if they go against you but I'm still just getting comfortable.

You could try GoMarkets Kush they are based in Australia, but have data centres all over the world, and registered with ASIC. I haven't had any problems with them.

I think I was just super tired that day. FXCM MICRO has always had good execution, I was taking my time getting there platform setup and as a result I was frustrated as hell with MT4.

I'll give go market a try if I have any problems. Much appreciated.

For the market snapshot. PA on EUR/USD has made a double bottom on the 4 hour...I didn't finish my snapshot before making a trade but I sold at 1.3540 -2. TP was 1.3530 the 200sma on the 1m chart.

I'm just freestyling out here on the charts. I'm need to get my practice account.

This post is a bit scattered. I maybe leaving the scalping game. I honestly make most of my decisions from the 15m. My TP and SL with the 15m is comprable to scalpipng, as far as profitability.

Since this is a work in progress, these are just the thoughts of the day. Another thought I've been having, which I've read before probably a million times, is that scalping is kind of the sexy way to trade. You get in and out really fast, it's performance based like all trading but there is the excitment that comes with it because you know it's higher risk and when you pull off your trades you feel like a forex GOD.

As my honey moon phase wears off, I'm starting to see trading for high profitability with as little time as possible will provide me with the highest quality of life. The whole point of trading is so that I don't have to work my 9-5 anymore. So I can persue other interests and enjoy my time here.

Having said that, the 15m chart feels like enough action. I'll look towards the 4h and 1hr charts for trend. I'm starting to trust support/resistance and pivot levels, I was able to forcast the drop last night and build a trade around it. Unfortunately I was not at my trading platform, I did end up closing the trade and trading direction...that was when I realized I was trying to control the market, I just felt really rushed. I never want to feel rush or anticipation, I want to stay calm as a hindu cow.

One thing about life in general, I want life to be more calm and easy going. The chaos is like pollution to my mind, the daily pecking order bullshit, going shopping, car breaks down, love life, purpose, rolling with the punches, getting over myself, growing, and fighting negative thoughts and behaviors. These are many of my challenges that I face, the last thing I need is to be stressing out over the little moves the market makes and sitting on the edge of my seat.

I am going to naturally gravitate towards this or see how I can integrate it in with scalping or use scalping when appropriate. I'm starting to see my self as a trader who does a Top down analysis from W to 15m, determines longer term trend by 1hr 4hr, then makes trades based on Technical analysis, candle patterns, price levels, and pivots.

I'm not completley disowning scalping but I'd like for it to be a tool in my belt that I can use when appropriate. Trading is an absolute passion of mine, I just have to say that. When you start to make profitable trades, pick direction, correctly forecast. You really get the feeling that this can be done.

I have much fun ahead of me, I'll never call this work. I love ForexFactory and I'm so greatful to have the internet to have technology, to have this market, even if the US Government feels they can tell us how much leverage we are aloud to have and how much risk we are willing to take. That's complete garbage. Other than the law makers and powers that be, who want to irrode our freedoms and destroy any wealth or leverage the common man has left...other then those compltely expendable wastes of space, I'm happy with trading. Lol had to vent a little...

I hope I can do this forever. L8r

OH!!! personal note. I made a decision to move out of my tuna can and into a much better place, environment can effect emotions, emotions effect decisions. As a trader I have to be sensitive, change, and grow. As a human I must do the same, I think this is the place I'll come-up in.

Also, since trading. I've taken my studies more seriously and set clear and defined goals for myself. I feel like trading is helping with other aspects of my life. As far as probability goes, I want to be as profitable as possible in a variety of ways. These feelings are different from when I first got started with trading, I just wanted to trade and have tons of money.

Now I'm transitioning from money as my goal to accomplishment and achievment. I have been listening to Tom Hopkins Guide to Success. He's a total salesman, great salesman at that. This guy really has some great concepts that just worked for me. I realized that trading is one of those things that I need to do to keep me sharp and hungry for achievment in more than just one area of life.

I may be going a bit to deep but it is what it is. Once I go live with a 50K account I may say EFF my job lol, not really. You get in a rut and get depressed when you stop setting goals and you stop moving forward.

Props to neil and everyone else on FF puting time in, answering posts, and keeping small fish like me going. I'm so greatful to everyone and all of the contributions, I'm starting to read other threads and find that other people have come to similar conclusions, telling me I'm on the right path.

It's so bed time.

Traded using top down analysis from M/W/D/4H/1H/15M, when price brokeout then bounced I got in at 13497, spread already subtracted and closed out half at half at 1.34977, closed other half at 1.34972.

After the move I'm now zoomed back out on the 15 chart waiting til price comes back up and reveals a setup. Only going short. We are bouncing off 3500 but I think the resistance at 1.3520 could get hit. Just sitting back for now.

One thing I gotta say, this trading thing is coming together. I really am starting to think I'm a straight up chartist. I'm going to use some kind of indicator, like TRIX (Awesome), for confirmation.

Trading is showing me that it is possible to do the impossible.

I heard this song right after a great trade, My cup runeth over with emotion. I just have to say that, I have faith in myself for the first time in my life.

I've barley got my hands on the ledge of the wall but I know the top is there. I feel like anybody who's struggled and starts to see some success, it's like a light in a pitch black tunnel. Once you see the light you have to go towards it, it's the only thing you can see. As I was contemplating how my emotions have changed towards the future, about how I'm crafting my destiney. More than just trading, other parts of my life have come together. I'm working harder.

So here's the song... "wating outside the lines"


Success to my fellow dreamers, every moment is an opportunity.

Price came back to 1.3520 waiting for break above 3520. I really think we are going to hit 3600, possibly 3650.

On the 4hr we are at the bottom of a channel and hitting the 200sma, along with a bullish pin bar. I will wait til price gets to 3600/3650 before taking another short trade.

If price breaks below 3400 I think it could drop to 1.3200. So looking for short at the top of the channel or a break/bounce below 3500...but I think PA will be heading up for the short term, next 4-5hrs