Hello people, I thought I'd begin a trading journal based on Cobra's THV trading system. I'll post every transaction, winner or loser. I am currently trading on demonion but will probably be going live if I'm content with consistent results.

A little history, I'd class myself as a'newbie' but I'm not entirely new to Currency Market. I understand the basics of technical analysis and also can spot SR.. I traded breakouts last year and after initial good results, I dropped my mind a bit of over-levereged and wiped a third of my account (luckily a tiny account). This was time to resign from trading for some time.

I am currently investing in the THV v4 system that I enjoy since it enables me to continue to trade breakouts, incorporate technical analysis (it's not entirely mechanical) and I like the'feel' of this machine. I am hoping the necessity of having to update my thread will keep my head awry.

Trading Occasions

Will primarily be Mondays, Thursdays Fridays, nevertheless I might need to take off weeks without notice because of college commnts. When I do open a live account, it will be a small one because I'm a bad pupil. This is primarily a hobby and a fascination for me, I don't intend to make a living from it at this stage.

Rules

EUR/USD Cable will be the pairs that I look at. I'm planning for 20 - 30 pips each day, and then the computer will be switched off. I aspire to make these first thing in the morning through Europe London open.

Entry: I will be entering on the cross of trix, with the tendency just (i.e. previously coral for long, below for brief ). I'll wait for a clearance of this Ichimoku cloud before entry. I'll also be on the watch for divergence. I might, for instance, input early before trix crosses whether there is a trendline break as in the picture below.

Exit: I shall honor SR degrees, pivots, and trendlines to determine leaves, or exit on the change of this speedy trix. SL will be ATR unless there is a reason why it should not be.

New Exit Rule: I shall move stops to B/E after half of this 3xATR(20) is reached and also take 50% profits here.

I vow not to

Mess around with other systems half cocked after a lousy day, use an EA, blow an account, more leverage, break the above principles, be fair about losses in addition to wins.

See you tomorrow when London opens!

Running pip complete as of 13th October: 66.5

http://i288.photobucket.com/albums/l...recipes/EU.jpg