Reading the james16 thread from the beginning, this quote really sums up trading: "Remember what i said about not standing in the open with a shotgun, successful traders hide in the bushes with a rifle. A patient trader could wait for just these ...

TraderT - My Trading Journey

You folks are funny, saw Peter's message earlier. The good thing about a tight stoploss is that if you're wrong, you're out very quickly. Less agony that way. No wonder they say trading is counter-intuitive.

Steviet's Live Trades!

Excellent thread. Another vote for Jason Jankovsky's books: Art of the Trade Trading rules that work

What Are Your Trading Rules?

Thank you for the suggestions. Unless i have a further backtest period with positive results, will not be trading this method. The markets will always be there, so there is no hurry to execute methods without a proven track record. Another point: ...

TraderT - My Trading Journey

On my trading journal: Rules to follow 1. Always stay with your strategy. Never change your strategy even if the outcome is positive from a case of not following your strategy. Judge the success of your trades based on whether you followed the ...

What Are Your Trading Rules?

Weekly TF: Strongly overbought (RSI above 78), last seen when the Euro was above 1.58. Of the last 6 trading days, 5 were up days, with 1 down day (Fri spinning top). Will be look for short entry near 1.47, or a bearish engulfing outside bar on the ...

EURUSD

Outlook for Cable On the weekly TF, there is a divergence and possible H&S developing. Left shoulder shows strong overbought conditions, the Head was less overbought, and the right shoulder is developing. H&S will be invalid if cable closes above ...

TraderT - My Trading Journey

Trades done for the week Discretionary trades were top & bottom picking. Was less active this week due to eMini class all week till Thur. 9-Sept EURJPY Short 134.089 (stoploss 134.35) closed 133.973 Risk 0.75%, Gain 0.33%. Reason: Overhead ...

TraderT - My Trading Journey

Ambitious goal, yet your dedication towards your goal will bring you quite far. Are you still trading the eMinis, and what's your average risk-reward/style.

4% A Day Forever

Very nice one Steve. The trend is your friend till it ends, till then ride on it! Let me know your comments on the dollar-yen too. Cheers.

Steviet's Live Trades!

Noted your points. 30% annual return will beat most hedge funds, was mainly concerned with drawdown. I have tested a slightly longer period and published 5 mths of results. Let me know your invaluable comments if any.

TraderT - My Trading Journey

Dollar-yen Tokyo opening Original method: Pips % April 209 6.53 May -230 -7.19 June 480 15 July 191 5.97 August 148 4.63 Total 798 pips 24.94 % Method with filter: Pips % April 258 8.06 May -63 -1.97 June 112 3.50 July 233 7.28 August 169 5.28 Total ...

TraderT - My Trading Journey

Very nice steviet on the daily long - it appears to be roughly based on the daily London open price, though the stoploss is not clear. For what it's worth, initial findings on the dollar-yen Tokyo opening seems to be promising, though the method is ...

Steviet's Live Trades!

Thoughts 1. Discretionary trades were executed with risk-reward predetermined before trades were placed, and generally avoided scalping or taking positions in the middle of nowhere. Stats: Trades: 5 (4 wins, 1 loss) Risked: 4.446% Nett gain: 5.844% ...

TraderT - My Trading Journey

That certainly makes sense. Smaller profits and losses mean a smoother equity curve. Thanks for the idea. My preference is for a more "hands-off" approach to cutdown on monitoring, so will probably shift stops based on the hourly candle (i.e. above ...

TraderT - My Trading Journey

Trade 4-Sep, USDJPY Long 92.354 (SL 92.154, trail step 15), closed 93.00. Risk 1.2%, Gain 3.23% NFP trade. This was a risky one which turned out well. Using VSA, i waited for selldown to slowdown, before taking a long 2 candles after the volume ...

TraderT - My Trading Journey

NFP trade — First time using VSA. This was a calculated risk which turned out well. Using VSA, i waited for selldown to abate, before taking a long 2 candles after the volume peaked (white volume bar). Trailing stop was used. USDJPY: Long ...

Trade Using VSA (Volume Spread Analysis)

Thanks for the comments. The geppy was a scalp on 150 support. It hit the resistance of 150.35 and lower several times, hence trade was closed. Long 150.08 (SL 149.75), closed 150.19 - scalp trade as the geppy hit resistance at 150.35. Very good ...

TraderT - My Trading Journey

Hi Steve, USDJPY looks good for the first 25-30 pips as session-opening breakout, with stop of around 30 pips. Some days it hits 70 pips, and occasionally > 100. I'll be doing some research on this. Good to exchange notes with you. I followed your ...

Steviet's Live Trades!

Hey Steve, I really like this method, except that i'm doing some forward testing on taking partial profits. Pros and cons, gotta work out what's best. Incidentally, this gave me the idea of USDJPY opening at 8pm EST (12am GMT). August results look ...

Steviet's Live Trades!