No, I trade 5 different pairs simultaneously. If one of those pairs gets stopped out I re-enter a trade on that pair the next day. If all 5 pairs get stopped out then I re-enter all 5 the next day. Kind Regards Steve

Steviet's Live Trades!

That's a great question lol - now, my method would be to take the long here but I can see what you mean as there is a possibility it may lose steam soon. If you chose to take a short, then the risk is smaller and if you're really lucky it'll ...

Steviet's Live Trades!

Hey stranger , I haven't tried my method on any other pairs apart from the 5 I trade, however I do know people who trade their version on other pairs - let me know how you get on Kind Regards Steve

Steviet's Live Trades!

Sorry, I thought this was clear - the exits are made when the stop loss is hit - that's it, pure & simple. Kind Regards Steve

Steviet's Live Trades!

Hi, That's right - I don't include the Sunday bar for moving stop losses. I believe brokers with MT4 have a Sunday bar that begin when they open and close a couple of hours later. Using this bar would kick you out of many trades so I would just ...

Steviet's Live Trades!

Hi, I never manually close my positions - they are only closed when my stop loss is hit. At the end of each day (10pm my time), I move my stop losses on open positions to 10 pips below the previous day's low if I'm in a long position, or 10 pips ...

Steviet's Live Trades!

You're welcome

Steviet's Live Trades!

Hi George, OK, if any of my positions are stopped out Friday, I'll re-enter at open Sunday evening here. Hope this clarifies Kind Regards Steve

Steviet's Live Trades!

Well, another week over and all 5 trades still open.......... USDJPY long from 120.47 (s/l at 120.05 guarantees minus 42 pips) USDCAD short from 1.1778 (s/l at 1.1793 guarantees minus 15 pips) GBPUSD long from 1.9442 (s/l at 1.9417 guarantees minus ...

Steviet's Live Trades!

Really looking forward to following your journey if the first few posts here are anything to go by Best of luck Kind Regards Steve

Slow Learner's first steps.

Well, thats refreshing to know that seasoned traders do this too - so far its working fine - GU up 130 pips & EU down 40, although won't be locking in any profit until Monday at least. As I said it's the first time I've done this live but the ...

Steviet's Live Trades!

I live about 6 miles from Windsor in the Royal Borough

Winning Trades String League

I've had 49 consecutive winners soon after I started but this was trading on the 5m & 15m charts. If ever the position got past 10 pips profit I was so excited I'd close the trade . One big loss soon sorted me out as I didn't really understand ...

Winning Trades String League

Hey Well, 4 hours of sleep later and I'm feeling a little more relaxed. PC is working and all is well - last night it crashed about 20 mins before I was to place the new trades and I couldn't get out of the house as the kids were safely tucked up ...

Steviet's Live Trades!

Thanks willf, PM is on its way - would you credit it? Get back home & it fires up first time Kind Regards Steve

Steviet's Live Trades!

Better check my thread tomorrow - you know when you get that feeling... Steve

Turbo's Journal

Right folks, time to get home & get some sleep - will try & update tomorrow at some point Kind Regards Steve

Steviet's Live Trades!

OK, at my parent's PC again. Have put 4 new trades on as I must per the plan although the market isn't giving me a clear signal. It's the first time I've gone opposite directions on GU & EU live so let's see.... USDJPY long from 120.47 (s/l 119.38 ...

Steviet's Live Trades!

Not Funny Well, I suppose it is And, yes, PC is completely broken down - I may have to stop trading for a while if not a long while...

Steviet's Live Trades!

I know what you mean - just come in from work to find I'd be plus 90 in EU & plus 60 in GU. However, my main aim is to preserve capital & that's essentially what stop losses do - it may have carried on 100 pips past my stop loss if I didn't have one ...

Steviet's Live Trades!