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    • steviet replied Jan 3, 2007

      Hi Ian, Good to hear from a fellow brit - hmmm, haven't had that situation yet - I guess I would either have to place it as close to the 10 pips as they would let me or simply not trade that pair for the day if it was a brand new trade. Kind ...

      Steviet's Live Trades!
    • steviet replied Jan 3, 2007

      Update..... USDJPY stopped out for minus 12 pips and EURUSD for plus 164 pips. The only poisition currently open is USDCAD long from 1.1656 (s/l 1.1632), currently up 30 pips. Net gain this month: 449 pips Cumulative: 1781 pips A/C Bal Increase: Nov ...

      Steviet's Live Trades!
    • steviet replied Jan 3, 2007

      Hi, Obviously, I'll be looking closer to 10pm when I re-enter but 1.9750 will be important - it has struggled to cross higher since the beginning of December. Let's see what effect today's news has and I'll make a decision later. Kind regards Steve ...

      Steviet's Live Trades!
    • steviet replied Jan 2, 2007

      Yes, I've manually backtested all 5 pairs for 2 years and ranging periods are a real test of discipline. However, the reward comes when we get a sustained daily trend for maybe a week or more which more than makes up for it. I'm aiming for 6000 pips ...

      Steviet's Live Trades!
    • steviet replied Jan 2, 2007

      Sorry, just seen you meant JPY & CAD - yes, stop losses are set 10 pips above recorded high for JPY & 10 pips below recorded low for CAD. I just use the 10 pips, not the spread as well. Again, as in the post above I can only go by my broker's price. ...

      Steviet's Live Trades!
    • steviet replied Jan 2, 2007

      My broker only opened officially at 10pm gmt tonight although it must've opened for a short time on the 1st & 2nd - gu bar just finished for example was high 1.9739 & low 1.9729. We know that wasn't the full range but as far as my broker is ...

      Steviet's Live Trades!
    • steviet replied Jan 2, 2007

      OK, New trades placed and stop losses tightened....... USDCAD long from 1.1656 (s/l 1.1632 guarantees minus 24 pips) USDJPY short from 118.83 (s/l 118.95 guarantees minus 12 pips) USDCHF short from 1.2265 (s/l 1.2148 guarantees plus 117 pips) GBPUSD ...

      Steviet's Live Trades!
    • steviet replied Jan 2, 2007

      Hi Howard, Yes, the new daily bar starting 10pm tonight is when my broker officially opens. However, yesterday & today they have created bars (see attached) as a snapshot of today's market. You will see I entered GU long at 1.9539 on 27th Dec & ...

      Steviet's Live Trades!
    • steviet replied Jan 2, 2007

      Just thought I better update you here. My broker has just updated charts with a 'daily bar' for today, 2nd January. It only has a few pips range and I will be keeping with the plan and placing stop losses 10 pips from the high/low of these bars. ...

      Steviet's Live Trades!
    • steviet replied Jan 2, 2007

      Hi Howard, I don't have specific entry rules apart from trying to read candlestick formations from previous days as well as what I deem to be important support/resistance levels on the daily charts. OK, I'll be entering tonight USDJPY short with s/l ...

      Steviet's Live Trades!