OK, overnight UJ was stopped out for minus 32 pips, GU for plus 97 pips and EU for plus 121 pips. Still have UCAD & UCHF open for a guaranteed minimum 118 pips gain. Net pip gain for Jan: +589 pips Cumulative since Nov 06: +1921 pips Kind Regards ...

Steviet's Live Trades!

Hi, Hope I am understanding your question here. If I am short, then I always keep my s/l 10 pips above the previous day's high. If I am long, then I always keep my s/l 10 pips below the previous day's low. The only exception is if on the previous ...

Steviet's Live Trades!

Well, my son managed to completely wreck my pc just before 10pm so I have had to drive to a relative's house, download the software etc etc and managed to move my stop losses. I heard trading was stressful lol. OK, all positions open and stop losses ...

Steviet's Live Trades!

I think I covered your question in my answer to Daemien Kind Regards Steve

Steviet's Live Trades!

Hi Daemien, I don't use any discretion in exiting at all. As you say, I'll be tightening the stop losses in around an hour which should guarantee upwards of 250 pips on these trades. People may think I'm stupid to 'throw away' these extra pips or ...

Steviet's Live Trades!

Interesting thread.... As some of you know I use a method or system that has built in rules that I never waver from so in that sense it is mechanical in nature. However, on entering a new trade I use what I have learnt so far in my fledgling trading ...

Flexible Mechanical Trading vs. Discretional Trading

Hilarious

Humor: You know you're obsessed with Technical Analysis when...

OK, back to business - new trade opened...... USDJPY short from 118.61 (s/l 119.17 guarantees minus 56 pips) Have a great week all Kind Regards Steve

Steviet's Live Trades!

Hi Mikhail, Thanks for your questions - it's not an exact science and I certainly don't profess to be an expert. What I am trying to do however is give myself an edge with the method I use, coupled with sound money management and discipline. The ...

Steviet's Live Trades!

now there's some fine alliteration if ever i saw it

Steviet's Live Trades!

Hi IS, Just wanted to say, thanks for your well thought out comments - it's much appreciated. I think the fact that I have been 'forced' to start off with such little capital will help me in the long run. As you say, step by step and as the account ...

Steviet's Live Trades!

Thanks for your input pipple ''kid'' - hehe - I must be wearing well - those are grey hairs you see, not highlights lol. Mind you, as far as forex is concerned I am a kid but I'm learning fast. I'm also married for nearly 16 years with a couple ...

Steviet's Live Trades!

Hi Turbo, Thanks for your comments - I have been reading your posts in FF with interest. Just for your info, 500 pips win or lose works out at around 7% on my account and I feel I have the balance just about right for me. Everyone has different ...

Steviet's Live Trades!

Hi again IS, You bring up some very valid points and I agree with a lot of what you have to say. I'm not looking at trading full time for a couple of years and probably longer - I need to get debt free and then also have a fair few months emergency ...

Steviet's Live Trades!

Thanks Howard, You go it spot on - I've just returned from work (yes I work Saturdays too lol) - I'm a customer service manager at a well known building society (read that as a bank for non UK peeps). Just to add - leverage is 1:100 and I use 2% (or ...

Steviet's Live Trades!

NFP owed me one after last month Yup, will possibly look at other pairs such as GJ, EJ & AU but am sticking with these five at the moment. I need to backtest them properly when I get some quality time. Have a great weekend & well done with ...

Steviet's Live Trades!

OK, all 4 remaining positions still open and currently up by 564 pips..... USDCHF long from 1.2261 (s/l 1.2264 guarantees plus 3 pips) GBPUSD short from 1.9513 (s/l 1.9455 guarantees plus 58 pips) EURUSD short from 1.3168 (s/l 1.3116 guarantees plus ...

Steviet's Live Trades!

Thanks so much for your truly inspirational post Jackie I'm not articulate at the best of times but it's as if you just reached inside my head and put my thoughts down in writing for me lol. Yup, getting out of that monthly pay cheque ...

Steviet's Live Trades!

Thanks very much for your comments IS - I truly believe I've found something here that can work for me long term. That in itself only means something if I stay disciplined and true to my plan and do not deviate in any way. The discipline does come ...

Steviet's Live Trades!

OK, USDJPY just stopped out for a 46 pip loss. Net pip gain in Jan: +403 pips Cumulative since Nov: +1735 pips Will re-enter USDJPY at Sunday opening. Kind Regards Steve

Steviet's Live Trades!