Thursday close — Well since I last wrote, we've bounced from 1.45 & attempted to break 1.4610 twice more before closing at around 1.4580. Dow has also closed just below the highs. So, tomorrow will we try and break 1.4610 again and see 1.47** ...

Steviet's Live Trades!

Hi Sam, Massive rejection at 1.46 & some mad moves the past hour. No worries, if stop loss is hit today then still a nice 5% banked. 1.45 holding so far but for how long who knows? I'll see where we are at the end of the day. Kind Regards Steve

Steviet's Live Trades!

Thursday lunchtime — Thanks garrye Well, not feeling great today - touch of the (swine) flu lol. OK, the London open trade was stopped out for a 1% loss on the move down this morning. However, the daily long still active from 1.43361, stop ...

Steviet's Live Trades!

Thursday trade — OK, London open trade is long from 1.45730, s/l 1.45480 Still holding daily long from 1.43361, s/l now 1.44640

Steviet's Live Trades!

What a Wonderful Wednesday — OK, just closed the London open trade at 1.45688 for 83.5 pips (3.34%). Barring a big sell off before end of day, should be able to move stop loss on the daily long to 1.44640 on the 1.43361 entry. That's a ...

Steviet's Live Trades!

Wednesday trade — London open, long taken from 1.44853 (s/l 1.44603) Still holding daily long from 1.43361 (s/l now 1.43256)

Steviet's Live Trades!

The daily long was opened at new daily bar at 11pm last night (Alpari) and stop loss is a couple of pips below the previous day's low. Stop loss will be moved to around 1.4325 in a few hours so essentially now a free trade. The daily method really ...

Steviet's Live Trades!

Tuesday Update — OK, so the London open short was stopped out fairly quickly again for a 1% loss. Today, however it's all about the daily long, entered last night at 1.43361. Currently just over 7% up and tonight will move stop to just below ...

Steviet's Live Trades!

Tuesday trade — Short from London open at 1.43881 (s/l 1.44131) Am also long on the daily from last night at 1.43361 (s/l 1.42923)

Steviet's Live Trades!

Scotland use pounds - they do produce their own notes through their own banks but still in pounds sterling. Kind Regards Steve

EURUSD

Well done Ian, Hopefully you've got out with at least a break even trade today Yes, the way I have to trade the method is pretty crude but I guess my advantage comes when there is a pullback during the day. There would then be a decision to be ...

Steviet's Live Trades!

That was quick lol — Well, Monday trade short at London open from 1.43350 was stopped out at 1.43600 in just 9 minutes. Back tomorrow at the same time.

Steviet's Live Trades!

Hi Ian, Yes, good you got a cool 2.4% too - thought we'd bounce to 4230 area before having another real go at 4190 area but yes, Roubini messed things up rather lol. Almost feel like I cheated today but then NFP day is always crazy. It would still ...

Steviet's Live Trades!

Weekly wrap up — Well was off work today and a few hours ago locked in 1% on the short from London open. Just got back in to see we've bounced big time and the stop loss hit. London open trades for the week total +227.5 pips (+9.1%) so have to ...

Steviet's Live Trades!

Friday — Not that different from yesterday morning although overall risk today is 0.5% over the two trades. Short taken at London open from 1.42872 (s/l 1.43122), normal 1% risk. Daily long still on from 1.42211 with s/l now 0.5% in profit at ...

Steviet's Live Trades!

Short stopped out around lunchtime for a 1% loss. Daily long stop loss moved into profit by around 0.5% at 1.42336.

Steviet's Live Trades!

Thursday — Short taken at London open from 1.43026 with stop loss at 1.43276. Still holding daily long from 1.42211 (s/l 1.41865).

Steviet's Live Trades!

Hi again, Just seen that you've just started a journal too and that you've been through the initiation stage lol. The important thing is you're still here and reading through your first post you've done a lot of soul searching, reading and ...

Steviet's Live Trades!

LOL — Hi Ian, Yes a strange day really - look at it this way - you had a winner yesterday and another small one today Daily, I'll just move stop loss to below today's low & same again tomorrow if it holds until NFP on Friday. At least then ...

Steviet's Live Trades!

Hi TraderT, Yes I noticed this pattern some time ago and eventually decided to backtest it using different stop losses and exit rules. USDJPY is also a good one to look at (nice tight spread) and session opens often do produce that reversal the ...

Steviet's Live Trades!