Carrying drawdowns & stuff — Hey Iso Great to hear you're off to a flying start! A couple of things to add if I haven't mentioned them before, just so you can understand my mindset. As you know, on my own account I risk 2% per trade ...

Steviet's Live Trades!

Hi there, That's not that far off what I look at but the setting the positions at 50 pips apart thing isn't part of it necessarily. I'm looking at short term possible support & resistance levels. Positions should generally be set at least 50 pips ...

Steviet's Live Trades!

Patience my friend — Yes, it is very easy to be tempted which is why I had to put the few simple rules in place. Take today for example - I'd wager a guess that you newbs () had a pretty good day today pip-wise as you're still building up ...

Steviet's Live Trades!

Hi IS, Thanks for your comments. Yes, suddenly trading a much larger account was different, however I've just continued to do what I do. I just concentrate on the pips and let the money look after itself. I'm very comfortable with my method which ...

Steviet's Live Trades!

Well, that position that didn't want to close out has hit t/p now

Steviet's Live Trades!

Hey Zack Yes, I've seen you over in Breeze's thread and I see you've just started your own journal My method is really just a 'bringing together' of things I've picked up over the last 18 months or so. There's plenty of ways to 'skin a ...

Steviet's Live Trades!

I'm spooked! — Hey Iso! I've spent the weekend reading 'Bird Watching in Lion Country' and it's spooky how closely the good doctor's view of the market and trading in general correlate with mine. A few obvious differences but you were right ...

Steviet's Live Trades!

Hi there, I don't ever lock in profits. I will always just let the t/p get hit apart from 2 scenarios. 1. If a position is in profit but hasn't reached the 50 pip t/p at New York close. 2. Also the scenario in the above post where I have taken a ...

Steviet's Live Trades!

Yup, I've had to adjust slightly on this one as Saxobank move the entry price every day on the outstanding positions. I've used a bit of discretion again on this one. The longs, that have been sitting there a while will take profit at more than the ...

Steviet's Live Trades!

LOL, I'm starting to wonder whether I'm getting too old for the spiky hair & earring thing but you're only young once lol. As I've said in other threads, I feel comfortable trading this way and it's been consistently profitable so why change? Yes, ...

Steviet's Live Trades!

Whoop whoop!!!! Now I've been told by 'the boss' it's time to go shopping As you can see the fun never ends in my household

Steviet's Live Trades!

Just back from work (does it ever end???) to see you've posted again. Yup, you're definitely on the right track with what you're saying I think the 5 maximum positions either way is very important because it prevents you from getting over ...

Steviet's Live Trades!

OK back home now... — I was actually at a dinner party earlier but had to take my laptop to catch the end of the week lol. Right, I'm home now so here goes....

Steviet's Live Trades!

Correct so far :

Steviet's Live Trades!

Hey Iso! Just checked out your pdf file & looks like you're doing far better than me - must be beginners luck : Seriously, as you know it has worked for me for a good period of time now and as long as you keep your head the there's no reason why ...

Steviet's Live Trades!

Thanks Smoke Your kind words are much appreciated. It sounds like you too have found a style that suits you and you are having success with. Best of trading to you! Kind Regards Steve

Steviet's Live Trades!

Here you go Iso — Well hi there Iso - good to see you again my friend. I'll answer your questions if I may in a bold red as my wife reminds me its Valentines Day & lurve is in the air

Steviet's Live Trades!

Stop losses are 1000 pips per position. On my live account that equates to 2% of account balance. On the account I trade for another it equates to around 4% at present.

whats with this "hedging" thing??

LOL, yes I only discovered forex 18 months ago and don't pretend to know half as much as yourself about the markets. I've never traded any other markets although I keep fairly close tabs on the indexes. I'm not finished learning - in fact I'm only ...

whats with this "hedging" thing??

No offence taken merlin - I personally find it a useful feature and it works for me and has done for some time. Your very first post in this thread you were saying you had 'heard experienced traders singing the praises of this feature....' I also ...

whats with this "hedging" thing??