The Morava $E$-theories, $E_{n}$, are complex-oriented $2$-periodic ring spectra, with homotopy groups $\mathbb{W}_{\mathbb{F}_{p^{n}}}[[u_{1}, u_{2}, ... , u_{n-1}]][u,u^{-1}]$. Here $\mathbb{W}$ denotes the Witt vector ring. $E_{n}$ is a Landweber exact spectrum and hence uniquely determined by this ring as $BP_{\ast}$-algebra. Algebraic $K$-theory of $E_{n}$ is a key ingredient towards analyzing the layers in the $p$-complete Waldhausen $K$-theory chromatic tower. One hopes to use the machinery of trace methods to get results towards $K$-theory once the computation for $THH(E_{n})$ is known. In this paper we describe $THH(E_{2})$ as part of consecutive chain of cofiber sequences where each cofiber sits in the next cofiber sequence and ...