Don't worry about the straight losers - you are doing fantastic so just keep looking at the big picture. Overall you are winning and that's what ultimately counts. It's so easy to panic after a few losers in a row and start doubting yourself & your ...

100 Trades Analysis

Hi, Your story inspires me - you are exactly where I aim to be within the next 5 years and it looks like we trade in a fairly similar manner - average 10% risk on 5 pairs in my case (2% a trade) with losses cut short & winners letting ride for a few ...

blew out another account...Just venting...

OK, USDCHF stopped out at 1.2508 for a loss of 40 pips. Been a very frustrating week but patience is king. Pip gain in Jan 07: plus 734 pips Cumulative since Nov 06: plus 2066 pips Kind Regards Steve

Steviet's Live Trades!

Hi, I think the fact that I spent a great deal of time studying this method before going live has given me confidence in the system I use. On backtesting manually, I took all those 50/50 entries, moved the daily bar on & assumed I took the wrong ...

Steviet's Live Trades!

OK, my USDJPY short was stopped out tonight for a gain of 23 pips. Will re-enter on Sunday night. Total pips for Jan 07: plus 774 pips Cumulative since Nov 06: plus 2106 pips Kind Regards Steve

Steviet's Live Trades!

Hi, It's not a case of not seeing it - it appeared in GU too and because I was stopped out on GU I went short yesterday. I don't necessarily have to look for reversal patterns in my method because if say I'm long and going with the trend, my stop ...

Steviet's Live Trades!

We could both be wrong of course - my stop loss is very tight for this system so it may touch 1.1850 stopping me out & then go down from there Let's see how it pans out...... Kind Regards Steve

Steviet's Live Trades!

It's that time of day again - been a pretty disappointing week since I closed the GU long for plus 300. Had a string of smallish losses and looking at my open trades there may be a few more to come before we get a clear direction. Existing ...

Steviet's Live Trades!

Hi Anthony, Let me be one of the first to wish you every success with your trading Kind Regards Steve

Pip by pip - my trading journal

Just been stopped out of EURUSD long for minus 27 pips. Will re-enter in a couple of hours. Been one of those weeks where I've left a lot of pips on the table, even on the losing trades but hey ho, must be patient. Total pips for Jan 07: plus 751 ...

Steviet's Live Trades!

Hi, pleased you like the journal You could easily double your account with 250 pips a month if you're prepared to risk a much bigger percentage of your balance on each trade. What that also means though is that you can just as easily lose your ...

Steviet's Live Trades!

Hi, Firstly, many congrats on your 110 pips & if you're still sober I'll try and give my take on it. The same has happened on UJ where I took a short trade yesterday and have been as much as 140 pips up on it. I'm currently about 60 pips up and will ...

Steviet's Live Trades!

Hi, Thanks for your comments - yes I mainly use the candlesticks to enter the new trades but will also look at failure of breaching support or resistance and the possibility of a trend exhausting. I'll try and post a few charts later for you - I'm ...

Steviet's Live Trades!

Yup, was a bit of a naff day - similar here where I closed a long standing trade for a few hundred pips which always helps . Anyhow, look at that bottom line figure - plus 117 and YTD plus 665. I think most traders would take that Kind ...

Turbo's Journal

Well, guess what? Yup, my USDCAD just stopped out for minus 37 pips lol. Don't mind posting the losers as long as they remain little losers - makes posting the big winners much more fun Have a great trading day peeps. Total pips for Jan 07: plus ...

Steviet's Live Trades!

Getting there - yup, discipline is the key - once I've made my decision and pressed buy or sell, that's it period. Also I'm confident in the method which helps and I know exactly where I want to be in 12/24/36/48 months - all mapped out, now it's ...

Steviet's Live Trades!

Thanks Monarch Yup, so far GU has been the best performer with over 1100 pips out of the 2100ish I've made since November. I'm sure I'll have a bad month or two on GU but it's fitted my method pretty well so far. Kind Regards Steve

Steviet's Live Trades!

You may well be right. I've said I'll test for the whole year and that's what I'll do. It may be that the next nine months UCAD becomes my most successful pair - it's too short a timeframe to consider yet. When I backtested I made pips on it as with ...

Steviet's Live Trades!

I echo what StockJay has said here - my thoughts in a nutshell. We are small fish in a big pond (a minnow in my case lol) but must use the same money management techniques as the pros. It's great to say that you doubled your account in a month etc ...

blew out another account...Just venting...

OK, another day over, stop losses moved & new trades entered. Been a funny old day - have closed two trades over 250 pips to the good but feel I've left a few pips on the table on some of my trades. Anyway, thats my method, and it works for me - ...

Steviet's Live Trades!