Hi Iso, Answers in green today :

Steviet's Live Trades!

Hey Pluto, I see Iso has covered most of this a few posts back but I'll clarify a few things in answer to his post. As with any system, it's not perfect - there is a lot of room for discretion so results will vary considerably. As always, it's more ...

Steviet's Live Trades!

Smoke, Just wanted to 'drop in' to wish you every success with your journal Kind Regards Steve

Smoky's Live Trades

That's right Scott As it often takes weeks for a stop loss to actually get hit, by that time the % loss is less. I said there was a method to my madness Kind Regards Steve

Steviet's Live Trades!

David, Yes, there are times when I have the same amount of trades on long and short and effectively at those times am 'square of the market'. As you correctly point out, at those times my net position is zero - just part of my strategy. Effectively ...

The reason why 95% of new traders consistantly lose money

Thanks Iso As you say, once the inevitable unrealised drawdowns kick in, the discipline of sticking to the rules becomes very important. It looks like you're using different lot sizes (2.1, 4.2, 6.4). I basically keep to a percentage of the ...

Steviet's Live Trades!

Hi Orest, Journal link is... url I believe a pretty comprehensive description of the strategy is around post 3052 Kind Regards Steve

The reason why 95% of new traders consistantly lose money

Hi David, Firstly, would just like to say that I enjoy your posts immensly - always well thought out and written far more eloquently than I could ever hope to be. You may or may not know that the whole essence of my method hinges on hedging GBPJPY. ...

The reason why 95% of new traders consistantly lose money

Good to see you Parlenk Thanks for your kind words my friend. Kind regards Steve

Steviet's Live Trades!

Thanks Pluto, With me still working full-time, these funds will mainly go towards the future - first objective is to pay off all debts and then build up some capital so sometime in the next year I'll have a few more choices in life. Shoot me a PM ...

Steviet's Live Trades!

Thanks Pete, I agree it will be interesting to see how 'proper' traders like Iso & Scott do with this. Hope you're well! Kind Regards Steve

Steviet's Live Trades!

Thanks Mike Methinks you're hot on my heels . You keep that journal going my friend

Steviet's Live Trades!

LOL Mike, a few debts to pay first but I feel that I'm actually on my way now

Steviet's Live Trades!

Hi there zoopy Thanks for your kind words - I've seen you about, must have been on the Jacko thread? Kind Regards Steve

Steviet's Live Trades!

Absolutely, when trending down would be looking to sell rallies. My t/p of 50 pips still applies though whatever the market is doing. Kind Regards Steve

Steviet's Live Trades!

You've got it Iso As long as you can correctly identify the range and be careful not to place too many positions at the extremes of the range, you should be OK. As I keep saying, entries are the least most important thing about the method. You ...

Steviet's Live Trades!

eek! — LOL, fell asleep at the laptop! Lucky my nose didn't inadvertantly land on the buy/sell button OK, whilst it stays in the range it is pretty easy pickings you're right. Once it breaks out then the hard work begins - i've been ...

Steviet's Live Trades!

Great stuff Scott - I love it! Post your results whenever you like - weekly, monthly.... Takes a little getting used to but I'm sure you'll have great success with it.

Steviet's Live Trades!

no need to ask — Hi Scott, Of course I don't mind lol. I tell you, if it wasn't for people like yourself & Iso, there's every chance I wouldn't have made it this far. What your doing with USDCAD is along the lines of what I was thinking, by ...

Steviet's Live Trades!

Yup, It's certainly something most will not be used to. I remember that when I started, the tightish stop loss was drummed into me on just about every thread. If you think about it though, it's still conservative with only a small % risked per ...

Steviet's Live Trades!