too much thinking as a technical trader can be a real killer. for me if it isn't obvious within a few minutes or so looking at a pair then i move on. that's why i also ditch the other baggage i mentioned before. top traders generally follow a tried ...

Steviet's Live Trades!

i think the views also have a lot to do with the good atmosphere you've created here. keep it up!!!

Steviet's Live Trades!

last one (i promise)...it is your thread after all!!! i hope you can see the value of study pairs with this short demo...since they're, in effect, read-only they can add very useful information about other pairs you trade. however, generally, ...

Steviet's Live Trades!

look at how the pound has been taking a beating recently. i traded this move on the eurgbp. it's been holding up fairly well against the dollar but will it follow its crosses..?

Steviet's Live Trades!

look for confirmation — i keep a number of study pairs alongside my active pairs to give a broader view of what the sentiment on a currency is. so with that in mind lets see what the pound is doing. first the big mother...gbpchf

Steviet's Live Trades!

chop, chop! — ok, if stevie doesn't mind lets see what's up with cable. i've highlighted dec which was one of your best performing months, and this past month the price action has been similarly choppy (i've been sitting out this one for a few ...

Steviet's Live Trades!

i think your timescales are good for the system you're running. maybe you could go full-time quicker depending on how you get on. still you have a sensible long-term plan to aim for which is good! if you're trading daily charts, then if ...

Steviet's Live Trades!

GBPCHF is the mother of all pairs with even greater volitility than GBPJPY! The sell offs are a real-killer on this pair - upto 500 pips a pop!!! It's good that you've written a short review. The hardest part in trading is sticking ...

Steviet's Live Trades!

i second that plus it's really the de-facto standard for charting and not just for forex!

Why do most FF members use Metatrader?

one good aspect of always being in the market is that, providing your chart reading skills are up to scratch, you will be there to catch the big moves and if managed properly, claw your losses back and surge ahead. however few people can live with ...

Steviet's Live Trades!

the equity cycle — Again that is what I like to see! If you can bounce back and recover your losses and take out your equity high in the process then you would of passed your first big drawdown and further confirmation you can succeed with ...

Steviet's Live Trades!

i read my post again and i was a bit worried that it might be taken the wrong way! all it really meant is that my risk tolerance is probably a bit lower than yours right now, so what that really means is the way you trade takes more guts ...

Steviet's Live Trades!

That is what I like to see in somebody who has done their back-testing well (seel below). Confidence comes from proper testing and knowing how your system has performed in the past. Both characteristics are lacking from most new traders. ...

Steviet's Live Trades!

the market will test everybody sooner or later to see if you've got what it takes - it will ask all: "have you the right mindset, a winning plan, enough discipline and patience to follow it through?" nobody can avoid it if they're gonna succeed long ...

Steviet's Live Trades!

i think sir alex ferguson would refer to this situation as "squeaky bum time", so get clenching steve...

Steviet's Live Trades!

dude! don't be so hasty ditching those lines! thats how i trade! seriously, if your back-testing didn't make use of them then you could dump them yes, but if you did then i would reconsider! most trendlines end in failure, unless you take ...

Steviet's Live Trades!

pyschological red herrings — time to chime in with some more thoughts...(remember steve you told me to butt in!) 1. calendar fixations: i don't think you have a problem with this but be careful not to read too much of the fundies into your ...

Steviet's Live Trades!

I think there was another thread somewhere that said 5% per day was achievable as well. I think if you could compound on avg 5-10% per month then you would have the found the holy grail! Just looking at your figures shows how! Most professional ...

Steviet's Live Trades!

ok, i'll cover my eyes then! btw, keep the individual trades logged as usual but if you find that your overall performance starts to prey on your mind then keep the totals covered...

Steviet's Live Trades!

if i could make one more suggestion steve...(oh no! i hear the groans already!!) ...don't keep printing your totals all the time!!! i think you're a positive person and can take these knocks and that this style of trading seems to fit your ...

Steviet's Live Trades!