Hi again, I see that your broker and some others have a Sunday bar which may only cover a few hours. My broker has only 5 daily bars a week - the first starting at 10pm GMT Sunday through to 10pm GMT Monday. On checking, it would be prudent to ...

Steviet's Live Trades!

Yes, due to my work schedule I have found that the daily charts are best for me Kind Regards Steve

Steviet's Live Trades!

Well, another fx week over and an update on my open positions. All 5 trades are still open and currently this is how they stand.... GU long from 1.8954 (stop loss at 1.9626 - plus 682 pips) EU long from 1.2830 (stop loss at 1.3211 - plus 381 pips) ...

Steviet's Live Trades!

Hi, I think I explained it earlier in the thread but my stop losses start at 10 pips from the previous day's high/low depending on whether I go long or short. At close of US session I move the stop loss to 10 pips from that day's high or low. The ...

Steviet's Live Trades!

Hi twinchell, It doesn't surprise me one bit either... the two most important things, determining risk and getting your mindset right tend to be the least exciting and therefore the most overlooked. Please don't stop posting gems like this Kind ...

Determining Risk

If a mod is reading this by chance, is it possible to move this thread into the journal forum? Thanks Steve

Steviet's Live Trades!

US is just closing on 30th November so here are the results so far since I started trading the system rigidly since the second week of November. My monthly target is 500 pips which equates to an increase of 10% each month in my account balance. ...

Steviet's Live Trades!

OK, so I got a loser today - USDCHF short minus 98 pips but thats what stop losses are there for... Current trades Long GU currently plus 726 pips Long EU currently plus 428 pips Long UCAD currently plus 30 pips Will re-enter trades on UJ & UCHF at ...

Steviet's Live Trades!

Hi, My USDJPY short from 117.84 was stopped out at 116.50 as its threatened to do for a couple of days but a good 134 pip gain Opened USDCAD long from 1.1378 (s/l 1.1286) last night & also USDCHF long from 1.2100 (s/l 1.2002). Currently plus 7 & ...

Steviet's Live Trades!

Would still have been a nice trade though - may even have given an earlier oportunity to go long today and pick up some more pips I'd be interested to see how your backtesting works - I'm sure there will be occasions where on your 'end of day' ...

Steviet's Live Trades!

Hi, My day ends at 10pm GMT which I believe is the end of the US session and as I'm in the UK is perfect for me. I'll enter a new trade on UCAD & UCHF at 10pm tonight and the initial stop loss will be 10 pips off the low or high of today. Stop ...

Steviet's Live Trades!

Hi & welcome You've got it - that's exactly what I do - it minimizes losses if I make the wrong call - if a trend is coming to an end or consolidating it can be a bit choppy. Update on USDCHF - stopped out this afternoon on the short for a gain ...

Steviet's Live Trades!

Was stopped out of UCAD short this morning for 68 pips profit Uchf & UJ also getting close to my stop losses - will look to re-enter UCAD at close of trading today. Kind Regards Steve

Steviet's Live Trades!

We'll just have to keep bumping it up where it belongs then won't we Steve

Determining Risk

Thanks You've hit the nail on the head - discipline is the key to trade whatever system you find successful. I'll be sure to have a run of losers but I will stick with it through thick and thin because I know it will bring me profits long term. ...

Steviet's Live Trades!

Hi, Update on my open positions..... GU long from 1.8954 (stop loss now 1.9358 - guarantee 404 pips) EU long from 1.2830 (stop loss now 1.3109 - guarantee 279 pips) UChf short from 1.2437 (stop loss now 1.2120 - guarantee 317 pips) UJ short from ...

Steviet's Live Trades!

Yes, I understand that - I am well aware of the correlation between the pairs. I trade with 2% of my account balance on each pair and keep tight stop losses when I first enter a trade so my losses are always much smaller than my gains. Thanks for ...

Steviet's Live Trades!

Apology accepted - My dad is a retired teacher - maybe that's where I get it from : Kind Regards Steve

Big Boys DID IT AGAIN

I'm sorry, I really didn't mean to come across like that - I'll keep my opinions to myself from now on. I appreciate last week was exceptional but for those trading with a trend system it's the payback week that they wait for. Kind Regards & thanks ...

Big Boys DID IT AGAIN

Superb thread - great posts from Mr Trend and Twinchell - I think you can see from the responses why most don't make it in Forex. Trade with the trend or more than likely you will lose your shirt I've been trading with this trend since last Sunday ...

Big Boys DID IT AGAIN