Quite easily - I shorted it yesterday but was unlucky to get stopped out by a couple of pips. Otherwise, I'd still be in the trade up 40 pips or so.
From my reading of the charts, I would rather go short here than long - sorry, no fancy indicators, waves etc to confirm - just what I see. I may be wrong but I can take it
Kind Regards
Steve
if that is the case, you dont have strict rule to follow....how are you going to share with people here?
I'm very sorry but this is not some sort of free signal service - its purely my personal journal on my trades. If you read through my thread you will see that I do have strict rules that are applied with regards to money management, setting stop losses etc. The only 'rule' that may be difficult for others to follow is that I look purely at price action and candlestick formations, not this ema crossing that ema etc etc.
The reason for posting my trades here is so I cannot cheat - you see everything here, good & bad.
Kind Regards
Steve
Hi Stevie
congratulations, you're doing great in all your positions, especially the euro.
I chickened out in GU after collecting 45 pips...I think the tough part is to place the initial entries and to survive the first relatively large S/L.
regards
Stevie,
As i told you before I am following your system and, after a not-so-good-start-thanks-to-NFP, I am in the positive side.
I just wanted to ask you a couple of things:
1- When does your 12 month test period ends?
2- What lessons have you learned so far that you think you will apply to your system after the test period is over/
- thats happening a lot lately. 
A pin bar. Looks promising.
regards
Hi all,
Well, its just past 10 pm here and all 5 trades are still open and more profit has been locked in
Current trades.......
USDCAD short from 1.1576 (s/l at 1.1597 guarantees minus 21 pips)
GBPUSD short from 1.9662 (s/l at 1.9590 guarantees plus 72 pips)
USDCHF long from 1.1997 (s/l at 1.2176 guarantees plus 179 pips)
EURUSD short from 1.3284 (s/l at 1.3128 guarantees plus 156 pips)
USDJPY long from 116.44 (s/l at 117.59 guarantees plus 125 pips)
So, with some patience and discipline and following the system rigidly, we have 511 pips guaranteed from these trades, to go with the 729 pips already banked this month.
Kind Regards
Steve
Hi Steve,
I have read this thread past weekend and have started on Sunday to enter trades and follow your system. I know the first trades will not be like yours (sinc I start halfway of a trend) but I really like it.
I was wondering if you could post a summary of all trades until now.
It for sure looks like a nice system that makes pips with little daily attention.
Thanks for your postings
Eric
Hi Eric,
All trades taken since I went live with this system in mid November have been documented here. As far as net pips gain is concerned, the totals so far are.....
GBPUSD 652 net pips gain (plus 72 on current open trade)
EURUSD 208 net pips gain (plus 156 on current open trade)
USDJPY 218 net pips gain (plus 115 on current open trade)
USDCHF 71 net pips gain (plus 179 on current open trade)
USDCAD 56 net pips gain (minus 21 on current open trade)
Of course, pips aren't everything - what I'm really looking for is a percentage increase in my account balance. On closed trades in December, account balance has increased by 10.27% on the balance at the end of November. Obviously we have a further 500 odd pips to add to that in open trades which will make that nearer a 20% gain so far this month.
Also interesting to note is that even including these 4 open guaranteed winners, the system is not producing 50% winners. However, currently the winners are averaging more than 5 times the amount of the losing trades. Add to that sound money management and I think my system is performing great so far but I want to trade this for a full year before coming to any final conclusion.
Hope this helps
Kind Regards
Steve
Steviet,
at what time does your daily bar closes? GMT?
