Steviet's Live Trades!

Quoting Topgun

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please look at your PMs
regards

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Quoting alcastro

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Steve,

I am still confused. Here is why: lets say you open a long position at 233.10 and as usual (in your case) it moves in to your favor up to 233.20 Based on your post you will then move your s/l to +10. Well, that s/l will be at 233.20. So that means you will be closing your trade! Am I correct? The other alternative that will be that wait until it moves at least an extra 9 pips (spread + 1 pip) up to 233.29 and then move your s/l.
Would that be the case?

As you can note, the research continues!!!

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Quoting alexfot

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I'm pretty sure Steve meant, +10 from entry point, which would be a BE after first shift, and then he moves it with price every 10 pips until it is hit. It looks like his daily strategy but on the 5 min TF.

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Quoting steviet

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Sorry Alex, didn't see your post - does the above clarify?

Kind Regards
Steve

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Quoting steviet

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GBPJPY short 235.06 closed 234.96 (+10)

Oct pips +2960
Increase in ac bal +27.79%
Consecutive profitable trades 333

OK, I want to just clear a few things up here. I've seen elsewhere in this forum my name being mentioned, which is fine. However, I really hope I'm not seen as bragging about my recent success. Those of you who know me will know that all trades are noted here, winners and losers.

I'm not releasing too many details for a few reasons. Again, as you know when I traded daily charts I posted my entries as they happened and I'm sure there were those who took the same trades as I did. However, on the 5 min charts it's just not possible to do this because it all happpens pretty quick.

OK, I've made a killing this first month but that means nothing unless I can do it consistently over many different trading conditions. There is a lot of gut instinct in my entries and I'm not sure you can automate gut instinct? Also, money management is key to this with a lot of discipline.

I'm within a week of completing the full year and if people don't want me to continue then that's fine. I have nothing to prove to anyone other than myself.

On a lighter note, dinner is ready yumyum

Kind Regards
Steve

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Quoting morse

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Steve,

I take it you no longer trade the daily and now just trade your scalping method.

Will you be able to tell everyone what you are using for scalping and why have you a 1000 pip stop loss?? I just can't understand the risk/reward ratio?

Your journal now only gives what your making in pips and no real substance for others to learn, no one can give an opinion as we dont know how you are trading! I understand if you wish to keep the information to yourself but it might be interesting to get feedback....

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Quoting Northpro

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Steve,

I don't think anyone considers you to be bragging..on the contrary, you have always posted your journal entries with caution to others and made an effort to always claim that "things are good now, but we will see how they are in time". This is a journal, not a system for the masses to follow, and as we have discussed, this method of trading requires extremely strict money management and discipline. Your results thus far have been awesome, but I agree with you that one month is still too early to tell.

I certainly hope you continue your journal as it's inspiring and always a positive reflection of how traders can progress. There are a lot of journal posters within this forum and I am sure many are great people, but few stand out as you do as being sincerely polite, selfless, and humble. For those who do not have or never have had an online journal, I suggest you get one, so you can realize how much time and effort it requires, not to mention the fact that one exposes themselves to the world for critic and praise, both which can be harmful.

Steve, you have kept your ego in check which is a sign of maturity and experience, knowing that the sky could fall tomorrow, I certainly hope it doesn't fall and you continue this incredible ride. More importantly I hope you continue to progress not just as a trader but as a contributor to this forum for all of us to enjoy and embrace.

Keep up the great trading my friend.

Cheers
Pete

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Quoting morse

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Steve,

I take it you no longer trade the daily and now just trade your scalping method.

Will you be able to tell everyone what you are using for scalping and why have you a 1000 pip stop loss?? I just can't understand the risk/reward ratio?

Your journal now only gives what your making in pips and no real substance for others to learn, no one can give an opinion as we dont know how you are trading! I understand if you wish to keep the information to yourself but it might be interesting to get feedback....

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Quoting Northpro

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I am sure Steve has not revealed his method for many good reasons. For anyone out there who has traded for any amount of time and read his posts, it's pretty easy to figure out the basics of his methods as he's openly discussed, price action, trends, money management, 1000pip stop losses, open trades, manual moving stop losses at 10pip increments, and probably the big one which can't be taught is " gut instinct". His gut instinct is developed from staring at screens for hours and spending a year or longer learning about price action and money management specific to his method. For those interested, me included, the best place to start is plain and simple screen time, develop a plan of discipline to never expose a set amount of capital into the market on any one or combination of trades (this is easier said than done). There have been no secrets here within his journal, but we have to remember and respect the fact that this is just a journal, not under the title "Trading Systems" or "Forum Discussions".

Steve, I hope you don't mind me writing in your journal.

Happy Trading,

NP

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Quoting Trader KGB

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Steviet,

Been hearing too much about your journal on other posts and had to come take a look, great trades! Question, since you're scalping G/J pretty actively, have you considered trading a non-fixed spread? 8 pips is a lot to hand over with every trade. The spread on the ECNs I use hovers around 3-4 pip, sometimes lower, rarely higher. Your broker must love you.

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Quoting vipatel

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Hi SteveiT

Kust curious, how are managing to get only round numbers of PIPs. eg. +10, +20 etc and not +16, +18 or -19 etc.
Are you putting your stops at round numbers only ?

Thanks

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