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steviet replied Feb 23, 2007Thanks Monaco, I would like to test the ATR to give me an idea of how it could work with my system or not as the case may be. On my broker's charts the ATR just shows at the bottom of the screen and not within the chart. The standard setting is 20 ...
Steviet's Live Trades!
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steviet replied Feb 22, 2007Here we go again.... Current trades USDCAD short from 1.1598 (s/l 1.1642 guarantees minus 44 pips) USDJPY long from 119.57 (s/l 120.73 guarantees plus 116 pips) UCAD is threatening to break resistence at 1.1630 - let's see lol UJPY is currently up ...
Steviet's Live Trades!
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steviet replied Feb 22, 2007Hey Monaco
Interesting suggestion - 200 SMA seems to be something I hear about a fair bit. I see on GU for example, I would only have placed long trades since about mid April 06. Someone else mentioned ATR as well for staying in the trend. It's a ...Steviet's Live Trades!
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steviet replied Feb 22, 2007Since posting, I've looked at the other 12 pairs my broker offers & there is nothing there meeting the criteria. Therefore I'll pass - it's only if I had a free position and there is a trade staring me in the face so it may not be that often it ...
Steviet's Live Trades!
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steviet replied Feb 22, 2007Hi Tiki, Before I start, great signature you have there
OK, yes Isotonic is someone whose opinion I respect very much, despite him looking like a chimp (oh, I thought everyone had a real piccy for their avatar
) Being a trend based system, ...Steviet's Live Trades!
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steviet replied Feb 22, 2007You are right of course - I'm trying not to dwell on it but it's the first time I've been in this position trading live & it will be useful in the future to look back at how I coped with such a situation & how I may have handled it better. Every ...
Steviet's Live Trades!
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steviet replied Feb 22, 2007Wow! That was a post and a half
A lot of what you say is how I feel - I jumped from one system to another until I thought I better come up with one of my own that I fully understand lol. Analysis paralysis - you're right, a simple system is ...Steviet's Live Trades!
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steviet replied Feb 22, 2007Thanks
Some great comments here. As far as a 'new version' is concerned it wouldn't be new as such because the system actually works OK on every pair I've looked at - some better than others obviously. The thought about adding another ...Steviet's Live Trades!
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steviet replied Feb 22, 2007Haha, That's what I'm really concerned about - screwing it up
Not in the sense of failing but more in the sense of not staying true to what has proved to be successful in the past. I'm convinced it will work long term because markets do trend ...Steviet's Live Trades!
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steviet replied Feb 22, 2007Yes, There's so much to think about - I guess if I can make a better fist of the ranges then I really will have found something! My other thought was not to necessarily restrict myself to 5 pairs. For example, once I'm in a trade at break even or in ...
Steviet's Live Trades!
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steviet replied Feb 22, 2007Hehe, Just got up this morning to find my trades getting stopped out one by one lol so I wasn't a happy chappy. Anyhow, work is now over & the world seems a better place
UJ is currently up 180 pips - can lock in 116 tonight so all is not lost by ...Steviet's Live Trades!
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steviet replied Feb 22, 2007Thanks, Your comments are really appreciated
I've been looking at maybe changing one of the pairs (possibly USDCAD) to either AUDCAD or EURCAD as on backtesting they both perfom better. That's no guarantee of course that this will be the ...Steviet's Live Trades!
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steviet replied Feb 22, 2007OK, my GU long has now been stopped out for minus 39 pips lol. Let's see if it bounces right off my s/l at ends up in the 9600's or whether my s/l has saved me further losses. For anyone reading this must be great fun lol - I see the views are going ...
Steviet's Live Trades!
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steviet replied Feb 22, 2007Just noticed on closed trades I'm down 1005 pips this month! Wow, I can't see a month in the last two years that would have been worse than this. Well, should have some on my UJ trade to help me out.
Steviet's Live Trades!
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steviet replied Feb 22, 2007Oh deep joy. EU & UCHF stopped out for minus 38 & minus 47 pips. GU looking vulnerable too. Only UJ currently up over 160 pips but getting far too many losers and my patience is wearing very thin. Must stay positive but I must admit it's getting ...
Steviet's Live Trades!
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steviet replied Feb 21, 2007OK, been another 'interesting' day lol. Two trades still on........... GBPUSD long from 1.9516 (s/l 1.9477 guarantees minus 39 pips) USDJPY long from 119.57 (s/l 119.62 guarantees plus 5 pips) On GU we have had 3 consecutive days of higher highs & ...
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steviet replied Feb 21, 2007Hi Rick, SRDC was a thread here in FF by a guy called 'Orange Roshan' or something like that but I believe he and his followers have moved on. Sorry to hear about your UJ trade - this market can be very annoying at times but that's why we love it ...
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steviet replied Feb 21, 2007This is a very interesting post and it may be taking a slight tangent from the original question but here goes
: You may or may not have been referring to my journal as an example but you have posted in it. Anyhow, as you know my method is a daily ...Honest answers please! Are you successful trading on Forex or not?
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steviet replied Feb 21, 2007Great, thanks - I need to study the crosses to get a better feel for the currency
Steviet's Live Trades!
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steviet replied Feb 21, 2007Don't mind at all - times like these I need as many comforting words as possible lol. Yup, December I made 447 pips in GU but this doesn't really reflect because I closed a 761 pip trade early Dec carried over from November. The rest of December I ...
Steviet's Live Trades!