Thanks for that I called them a few weeks ago and after speaking to various people, all of whom didn't have a clue, was promised a call back from their specialist. I'm still waiting - obviously not such a specialist at dialling phone ...

Is it true that FOREX profits are not taxable until withdrawn from your account?

Thanks for the comments guys OK, remaining 4 trades have their stop losses tightened as per plan. Unfortunately as predicted they did nothing today after yesterday's big move lol......... USDCHF short from 1.2398 (s/l 1.2436 guarantees minus 38 ...

Steviet's Live Trades!

Sounds like you had a great day then I'll catch you - you know I will hehe Kind Regards Steve

Steviet's Live Trades!

My entries are based on my limited knowledge of candlestick patterns and also price action. I enter as the daily bar closes and the new one opens with my broker, which is 10pm gmt, not midnight gmt like some other brokers. In this tight ranging ...

Steviet's Live Trades!

Hi & welcome If you go back to the first few pages of the journal, my rules are posted there. Take note especially to my money management policy - this is really important as there are times when you will have a string of losers as we are ...

Steviet's Live Trades!

LOL - I reckon it still rocks - just in a rocky period at the mo but patience is king Kind Regards Steve

Steviet's Live Trades!

Hi Valerie, Yup, I know it will work - cable should bring the most pips from the pairs I trade. That's good to know of the 680 pips in 2004 - I just backtested 2005/2006. We have had a 761 pip winner and various trades over 200 mark so I know they ...

Steviet's Live Trades!

USDJPY short stopped out for minus 35 pips lol. Things were going nicely down and threatening to break 120 properly until someone says they are not going to be talking about yen weakness at the weekend G7 meeting. Result is that UJ forms a nice ...

Steviet's Live Trades!

Hi Tiki, I guess it depends on what you mean by 'doing so well'. Every system/method goes through its poor periods and trending systems are bound to be challenged when the market ranges. Winning 30-40% of trades in such systems is about as good as ...

Turbo's Journal

All you can do is mess around with backtesting if you want to trade on the daily charts. I did and came up with this - I'm sure there are better methods and I may after 12 months think I need to make changes but once I make a decision based on what ...

Steviet's Live Trades!

OK, two trades still running and stop losses tightened on USDJPY at least.... USDJPY short from 120.31 (s/l 120.66 guarantees minus 35 pips) USDCAD long from 1.1847 (s/l 1.1800 guarantees minus 47 pips) New trades..... USDCHF short from 1.2398 (s/l ...

Steviet's Live Trades!

Hi Mark, There are lots of different things you could do with this method to personalise it. Best thing is to backtest it thoroughly to see how it performs then forward test on a demo or micro. It would keep you in more trades and therefore fewer ...

Steviet's Live Trades!

You butt in as much as you like About the numbers......I'm a numbers man (sad I know hehe) but I do see your point. I just like to note where I am so I'll be able to go back through the thread later on this year and see what was happening through ...

Steviet's Live Trades!

OK, EU short just stopped out for minus 19 pips. Will be going long later so would like a little retracement by close for a better entry price. Kind Regards Steve

Steviet's Live Trades!

Yup Jackie, That's where any trend based system makes up for the 60-70% of losing trades - if you can't grab at least a major portion of the trend the method would fall flat on it's face. Hmm, my EU short is a whisker from being stopped out for ...

Steviet's Live Trades!

That's great news Mark - well done Obviously on the 4 hour charts it would be more difficult to stay in a big trend but at least you can pick up some pips when the market is as difficult as it is now. Normally, even ranges you can come ...

Steviet's Live Trades!

Exactly! See, you can be quite articulate when you want to be : I think many traders, especially newbies jump from system to system only to find the grass is not greener on the other side. Once you realise it's not the system but the trader in ...

Steviet's Live Trades!

Cheers bro - yup was in half a mind to go long GU last night with the rising trendline now in the low to mid 9500's but thought I had to follow the last candlestick as per rules and would have kicked myself if it went the other way lol. I think the ...

Steviet's Live Trades!

Sorry bro - market is killing this method at the moment - I knew it would happen but it's different going through all the emotions live rather than just totting it up on a calculator whilst backtesting. I've got to stick with it because this is ...

Steviet's Live Trades!

Another great day so far.......not System is working 100% perfect in that we are keeping losses to a minimum - problem is that we have no winners to let the profits ride Oh well, hopefully at the end of the 12 months will look back and ...

Steviet's Live Trades!