USDCAD stopped out for minus 13 pips earlier - 3 remaining trades are well in profit so will be able to lock in some profit later unless something dramatic happens......famous last words 
Kind Regards
Steve
Kind Regards
Steve
- #182
- Dec 29, 2006 4:36pm Dec 29, 2006 4:36pm
- Joined Jun 2006 | Status: Trader | 2,512 Posts
OK, 3 trades are still open and we have some guaranteed pips for the New Year……
USDCHF short from 1.2265 (s/l at 1.2240 guarantees plus 25 pips)
GBPUSD long from 1.9539 (s/l at 1.9556 guarantees plus 17 pips)
EURUSD long from 1.3098 (s/l at 1.3126 guarantees plus 28 pips)
As promised, here are some more detailed results for the 2 completed months using this method…
November 2006
Total net pip gain plus 476 pips
Increase in account balance plus 7.08%
GBPUSD plus 123 pips
EURUSD minus 95 pips
USDJPY plus 180 pips
USDCHF plus 211 pips
USDCAD plus 57 pips
December 2006
Total net pip gain plus 856 pips
Increase in account balance plus 12.00%
GBPUSD plus 447 pips
EURUSD plus 342 pips
USDJPY plus 233 pips
USDCHF minus 115 pips
USDCAD minus 51 pips
Cumulative (2 months)
Total net pip gain plus 1332 pips (average plus 666 pips per month)
Increase in account balance plus 19.08% (average plus 9.54% per month)
GBPUSD plus 570 pips (average plus 285 pips pm)
EURUSD plus 247 pips (average plus 123.5 pips pm)
USDJPY plus 413 pips (average plus 206.5 pips pm)
USDCHF plus 96 pips (average plus 48 pips pm)
USDCAD plus 6 pips (average plus 3 pips pm)
So, after two months testing live the method seems to be performing a little better than I was expecting. Obviously, once in a position and in profit the rules keep me in the trade – as I get more experienced I would hope to make more correct calls initially when entering the trades.
Anyhow, it’s been a great journey so far and lots of patience & discipline has been required but it’s paying off so far. Have a wonderful New Year everyone and here’s to a prosperous 2007.
Kind Regards
Steve
USDCHF short from 1.2265 (s/l at 1.2240 guarantees plus 25 pips)
GBPUSD long from 1.9539 (s/l at 1.9556 guarantees plus 17 pips)
EURUSD long from 1.3098 (s/l at 1.3126 guarantees plus 28 pips)
As promised, here are some more detailed results for the 2 completed months using this method…
November 2006
Total net pip gain plus 476 pips
Increase in account balance plus 7.08%
GBPUSD plus 123 pips
EURUSD minus 95 pips
USDJPY plus 180 pips
USDCHF plus 211 pips
USDCAD plus 57 pips
December 2006
Total net pip gain plus 856 pips
Increase in account balance plus 12.00%
GBPUSD plus 447 pips
EURUSD plus 342 pips
USDJPY plus 233 pips
USDCHF minus 115 pips
USDCAD minus 51 pips
Cumulative (2 months)
Total net pip gain plus 1332 pips (average plus 666 pips per month)
Increase in account balance plus 19.08% (average plus 9.54% per month)
GBPUSD plus 570 pips (average plus 285 pips pm)
EURUSD plus 247 pips (average plus 123.5 pips pm)
USDJPY plus 413 pips (average plus 206.5 pips pm)
USDCHF plus 96 pips (average plus 48 pips pm)
USDCAD plus 6 pips (average plus 3 pips pm)
So, after two months testing live the method seems to be performing a little better than I was expecting. Obviously, once in a position and in profit the rules keep me in the trade – as I get more experienced I would hope to make more correct calls initially when entering the trades.
Anyhow, it’s been a great journey so far and lots of patience & discipline has been required but it’s paying off so far. Have a wonderful New Year everyone and here’s to a prosperous 2007.
Kind Regards
Steve
Steve,
Thanks for sharing this wonderfull system with us.
I wish you all the best in 2007 and may the pips be with you.
Regards,
Eric
Thanks for sharing this wonderfull system with us.
I wish you all the best in 2007 and may the pips be with you.
Regards,
Eric
OK, 3 trades are still open and we have some guaranteed pips for the New Year……
USDCHF short from 1.2265 (s/l at 1.2240 guarantees plus 25 pips)
GBPUSD long from 1.9539 (s/l at 1.9556 guarantees plus 17 pips)
EURUSD long from 1.3098 (s/l at 1.3126 guarantees plus 28 pips)
As promised, here are some more detailed results for the 2 completed months using this method…
November 2006
Total net pip gain plus 476 pips
Increase in account balance plus 7.08%
GBPUSD plus 123 pips
EURUSD minus 95 pips
USDJPY plus 180 pips
USDCHF plus 211 pips
USDCAD plus 57 pips
December 2006
Total net pip gain plus 856 pips
Increase in account balance plus 12.00%
GBPUSD plus 447 pips
EURUSD plus 342 pips
USDJPY plus 233 pips
USDCHF minus 115 pips
USDCAD minus 51 pips
Cumulative (2 months)
Total net pip gain plus 1332 pips (average plus 666 pips per month)
Increase in account balance plus 19.08% (average plus 9.54% per month)
GBPUSD plus 570 pips (average plus 285 pips pm)
EURUSD plus 247 pips (average plus 123.5 pips pm)
USDJPY plus 413 pips (average plus 206.5 pips pm)
USDCHF plus 96 pips (average plus 48 pips pm)
USDCAD plus 6 pips (average plus 3 pips pm)
So, after two months testing live the method seems to be performing a little better than I was expecting. Obviously, once in a position and in profit the rules keep me in the trade – as I get more experienced I would hope to make more correct calls initially when entering the trades.
Anyhow, it’s been a great journey so far and lots of patience & discipline has been required but it’s paying off so far. Have a wonderful New Year everyone and here’s to a prosperous 2007.
Kind Regards
Steve
- #186
- Dec 30, 2006 6:28am Dec 30, 2006 6:28am
- Joined Jun 2006 | Status: Trader | 2,512 Posts
steviet,
Great results in your first two months of posting. Wishing you all the best in the new year and continued success with your trading.
Glad to see the fog finally lifted at LHR.
Cheers,
Northpro
As you know I'm keeping an eye on your journal too - it really does show there are lots of ways of doing this as long as we, the traders keep our discipline and stick to our plan.
Wishing you a healthy & prosperous 2007
Kind Regards
Steve
- #187
- Dec 30, 2006 6:30am Dec 30, 2006 6:30am
- Joined Jun 2006 | Status: Trader | 2,512 Posts
Dear Steve,
I love the structure of your trading system, and the fact that it works!
You are an inspiration to all aspiring forex investors. Keep it up.
May the Forex be with you! Have a great new year!
Itme
Wishing you and yours a healthy & prosperous 2007.
Kind regards
Steve
- #189
- Dec 30, 2006 12:31pm Dec 30, 2006 12:31pm
- Joined Jun 2006 | Status: Trader | 2,512 Posts
Hi Stevie,
We do appreciate the contribution of Sunny Berkshire and yourself for being able to sleep during the London session and wake up with free breakfast and then some.
Happy New Year from High Bridge, New Jersey, the home of my cat Fibonacci and boxer Dega.
Regards
Frank
I'm pleased you are enjoying my journal so far - just remember it's simply that and not a recommendation - I couldn't have that on my conscience lol.
I'm sure there'll be a few rocky times ahead where the market will test us but it'll reward us too.
Your pet boxer & cat are adorable - we have an English Spinger Spaniel who will be 16 in March. Unfortunately he's on his last legs but he's been great for the children to grow up with.
Wishing you a happy, healthy & prosperous New Year Frank
Kind Regards
Steve
- #191
- Dec 30, 2006 2:14pm Dec 30, 2006 2:14pm
- Joined Jun 2006 | Status: Trader | 2,512 Posts
Hi Steve,
Since you are getting so good on you're moves, how about sending us daily email updates. If you do, I would like to be on the list. Here I am never quite sure when you will leave another journal. Just something for you to think about in the future. Thanks so much.
I'm pleased you're enjoying my journal so far. As I'm still in the early stages of testing the method live, email updates are not in the pipeline at the moment.
I only ever enter a new trade at 10pm GMT, which I believe is 5pm New York time - I try and enter an update of trades and new trades opened as soon as is practical in this thread.
The aim is to consistently increase the account balance by around 10% each month on average - so far we're just about on track. I've just been playing around on the calculator and it's amazing how this increases over a few years if you can be consistent
Although this test is for an initial 12 months, my goal is to be able to say good-bye to the day job by the end of 2009.
Wishing you all the best for 2007.
Kind Regards
Steve
- #193
- Dec 31, 2006 9:43am Dec 31, 2006 9:43am
- Joined Nov 2006 | Status: Dubai | 11,493 Posts
You are an inspiration to all of us 
, great journal and even greater results. keep up the hard work Steve and thanks for all the tips & helps
Happy new years my friend
, great journal and even greater results. keep up the hard work Steve and thanks for all the tips & helps Happy new years my friend
Trade what you see, not what you think.
- #194
- Dec 31, 2006 12:22pm Dec 31, 2006 12:22pm
- Joined Jun 2006 | Status: Trader | 2,512 Posts
You are an inspiration to all of us
Happy new years my friend
Best of luck with your live trading - I think you said you were about to take the plunge in the new year.
I just noticed you're from Dubai, UAE - I stopped off there about 20 years ago on my way to Sri Lanka where I was on a cricket tour. Ah, those were the days when I was young lol
Kind Regards
Steve
- #195
- Jan 2, 2007 1:36am Jan 2, 2007 1:36am
- Joined Jun 2006 | Status: Trader | 2,512 Posts
Well, my broker does not open for business again until 10pm GMT (5pm NY) tonight :surprised
Currently positions are....
USDCHF short from 1.2265
GBPUSD long from 1.9539
EURUSD long from 1.3098
Will update at around 10pm by which time we should be able to lock in some more pips as well as opening new trades on USDJPY & USDCAD.
Kind Regards
Steve
Currently positions are....
USDCHF short from 1.2265
GBPUSD long from 1.9539
EURUSD long from 1.3098
Will update at around 10pm by which time we should be able to lock in some more pips as well as opening new trades on USDJPY & USDCAD.
Kind Regards
Steve
Well, my broker does not open for business again until 10pm GMT (5pm NY) tonight :surprised
Currently positions are....
USDCHF short from 1.2265
GBPUSD long from 1.9539
EURUSD long from 1.3098
Will update at around 10pm by which time we should be able to lock in some more pips as well as opening new trades on USDJPY & USDCAD.
Kind Regards
Steve
- #197
- Jan 2, 2007 6:35am Jan 2, 2007 6:35am
- Joined Jun 2006 | Status: Trader | 2,512 Posts
Well you are in fantastic positions as everything has gone your way. Great job!!!! What's up with usd/jpy? Were you planning on placing a trade at the open?
This is my first time trading through the holidays but all my open trades have gone my way as you say - maybe it's an omen for 2007 lol. Actually I was sorely tempted to close the positions on Friday as I saw profits erode late in the day but I didn't want to cheat on the system. It's working so far
Kind Regards
Steve
- #198
- Jan 2, 2007 6:38am Jan 2, 2007 6:38am
- Joined Jun 2006 | Status: Trader | 2,512 Posts
Yup, just got home for lunch from work & looking good - USDJPY & USDCAD were stopped out on Friday so I'll see where we are at open tonight.
This is my first time trading through the holidays but all my open trades have gone my way as you say - maybe it's an omen for 2007 lol. Actually I was sorely tempted to close the positions on Friday as I saw profits erode late in the day but I didn't want to cheat on the system. It's working so far
Kind Regards
Steve
Steve
- #199
- Jan 2, 2007 7:02am Jan 2, 2007 7:02am
- | Joined Sep 2006 | Status: howard | 1,693 Posts
When I say open, I mean open of my new daily bar at 10pm gmt, 5pm ny
Steve
Please explain your entry rules when you open your new positions at 10pm GMT tonight.
howard
Regards
- #200
- Jan 2, 2007 7:34am Jan 2, 2007 7:34am
Hi Steve, still remember me? I'm wilhb81...lol
man, u have a pretty good earning result, especially at December
hope U will keep your journal update, I'm also wish U have a properous Year 2007 at forex arena...
Ciao
man, u have a pretty good earning result, especially at December
hope U will keep your journal update, I'm also wish U have a properous Year 2007 at forex arena...
Ciao