hey steve are your 6 months coming up soon? time for an interim review...journal, charts, trades, equity...(and don't forget your monthlies)...
- #1,622
- Apr 22, 2007 5:46am Apr 22, 2007 5:46am
- Joined Jun 2006 | Status: Trader | 2,512 Posts
Hi 
Yup, GJ is a monster for sure but is pretty condusive to my methods - I'll take a few 100+ pip losers for sure but so far have made 554 pips in the last 4 weeks from this pair. It's saved my bacon in April along with GU.
Good to see you back on the boards by the way
Kind Regards
Steve
Yup, GJ is a monster for sure but is pretty condusive to my methods - I'll take a few 100+ pip losers for sure but so far have made 554 pips in the last 4 weeks from this pair. It's saved my bacon in April along with GU.
Good to see you back on the boards by the way
Kind Regards
Steve
Hey Steve,
Just spent my time reading the last 8-10 pages or so, great work bro and I'm glad you've started trading the beast GJ
Good Luck bro
- #1,623
- Apr 22, 2007 5:58am Apr 22, 2007 5:58am
- Joined Jun 2006 | Status: Trader | 2,512 Posts
Yup, another week or so to go and that'll be my six months up. As long as this week isn't an unmitigated disaster I'll have made it through in profit pip wise & equity wise.
I'm learning as I go but what I'm continually finding is too much thinking is dangerous - I have a method that works when I stick to it, even if my brain tells me otherwise! A proportion of losses can be attributed to me bucking the system, thinking I know best.
As you know I ditched 3 pairs (EU, UCHF & UCAD) last month in favour of AU, NU & GJ). I'm pleased I have taken on GJ as the volatility suits but of course UCAD would have been perfect in April for my method lol. The lesson I've learned from this is that no matter how long a pair is choppy, eventually a breakout will come and I can pounce on that.
Patience is king for my method that's for sure.
Anyhow, back to my weekend - played cricket yesterday (badly lol) for the first time this season & just off to watch my son play football this afternoon. Summer has come early here in England - well for a week or two anyway
Just one new trade to place tonight so I'll be back later.
Kind Regards
Steve
I'm learning as I go but what I'm continually finding is too much thinking is dangerous - I have a method that works when I stick to it, even if my brain tells me otherwise! A proportion of losses can be attributed to me bucking the system, thinking I know best.
As you know I ditched 3 pairs (EU, UCHF & UCAD) last month in favour of AU, NU & GJ). I'm pleased I have taken on GJ as the volatility suits but of course UCAD would have been perfect in April for my method lol. The lesson I've learned from this is that no matter how long a pair is choppy, eventually a breakout will come and I can pounce on that.
Patience is king for my method that's for sure.
Anyhow, back to my weekend - played cricket yesterday (badly lol) for the first time this season & just off to watch my son play football this afternoon. Summer has come early here in England - well for a week or two anyway
Just one new trade to place tonight so I'll be back later.
Kind Regards
Steve
hey steve are your 6 months coming up soon? time for an interim review...journal, charts, trades, equity...(and don't forget your monthlies)...
- #1,624
- Apr 22, 2007 4:00pm Apr 22, 2007 4:00pm
- Joined Jun 2006 | Status: Trader | 2,512 Posts
OK, new week, 4 trades carried over from main system...
GBPUSD long from 2.0036 (s/l 1.9980 guarantees minus 56 pips)
AUDUSD long from 0.8356 (s/l 0.8330 guarantees minus 26 pips)
NZDUSD long from 0.7438 (s/l 0.7415 guarantees minus 23 pips)
GBPJPY short from 237.26 (s/l 238.55 guarantees minus 129 pips)
New trade....
USDJPY short from 118.73 (s/l 119.06 guarantees minus 33 pips)
2 trades carried forward from complementary system...
USDJPY short from 118.61 (s/l 119.13 guarantees minus 52 pips)
GBPJPY short from 237.26 (s/l 239.97 guarantees minus 271 pips)
Kind Regards
Steve
GBPUSD long from 2.0036 (s/l 1.9980 guarantees minus 56 pips)
AUDUSD long from 0.8356 (s/l 0.8330 guarantees minus 26 pips)
NZDUSD long from 0.7438 (s/l 0.7415 guarantees minus 23 pips)
GBPJPY short from 237.26 (s/l 238.55 guarantees minus 129 pips)
New trade....
USDJPY short from 118.73 (s/l 119.06 guarantees minus 33 pips)
2 trades carried forward from complementary system...
USDJPY short from 118.61 (s/l 119.13 guarantees minus 52 pips)
GBPJPY short from 237.26 (s/l 239.97 guarantees minus 271 pips)
Kind Regards
Steve
- #1,626
- Apr 22, 2007 11:31pm Apr 22, 2007 11:31pm
- | Joined Jul 2006 | Status: Will take it all off for Pips! | 1,105 Posts
- #1,627
- Apr 23, 2007 1:52am Apr 23, 2007 1:52am
- Joined Jun 2006 | Status: Trader | 2,512 Posts
Ouch, GBPUSD long from 2.0036 stopped out for minus 56 pips.
Yen trades looking good so far - let's see what London does...
Kind Regards
Steve
Yen trades looking good so far - let's see what London does...
Kind Regards
Steve
- #1,628
- Apr 23, 2007 1:57am Apr 23, 2007 1:57am
Hello Steve
I have noticed that you are doing better with yen pairs then others so why dont you just trade yen pairs if they are giving you more pips. I mean if i was you thats what i would do unless you have something else in mind that i dont know
I have noticed that you are doing better with yen pairs then others so why dont you just trade yen pairs if they are giving you more pips. I mean if i was you thats what i would do unless you have something else in mind that i dont know
- #1,629
- Apr 23, 2007 2:02am Apr 23, 2007 2:02am
- Joined Jun 2006 | Status: Trader | 2,512 Posts
Actually doing better overall with GBP pairs - GU is positive this month & has been my best pair by far in the six months trading - UJ I'm minus 187 pips this month on closed trades, although overall I've done well on this pair.
I've found by spreading it about a bit, I come out on top - some months are great on one particular pair, next month not so good.
Kind Regards
Steve
I've found by spreading it about a bit, I come out on top - some months are great on one particular pair, next month not so good.
Kind Regards
Steve
Hello Steve
I have noticed that you are doing better with yen pairs then others so why dont you just trade yen pairs if they are giving you more pips. I mean if i was you thats what i would do unless you have something else in mind that i dont know
- #1,631
- Apr 23, 2007 11:23am Apr 23, 2007 11:23am
- Joined Jun 2006 | Status: Trader | 2,512 Posts
Hi,
It's been a difficult one to call on UJ these last few days - it refused the 119.10 levels and until I get a clear sign of reversal I go with the mini trend.
Been lucky today as the high was just a couple of pips off my s/l but again 119.10 has held as resistance and I'm now in profit again as I write this.
Hope this helps a little.
Kind Regards
Steve
It's been a difficult one to call on UJ these last few days - it refused the 119.10 levels and until I get a clear sign of reversal I go with the mini trend.
Been lucky today as the high was just a couple of pips off my s/l but again 119.10 has held as resistance and I'm now in profit again as I write this.
Hope this helps a little.
Kind Regards
Steve
Hi steviet,
Although USDJPY is droping now, it looks like a long for me by observing the candles since last Thursday. Can you please kindly share your logic to go short and sucessfully catch the right direction this time?
Regards,
hksweeper
- #1,632
- Apr 23, 2007 11:28am Apr 23, 2007 11:28am
- Joined Jun 2006 | Status: Trader | 2,512 Posts
Earlier my AUDUSD long was stopped out for minus 26 pips - no matter.
The yen pairs don't know where they are going at the mo - I expect to see a breakout one way or the other soon. GJ has had few buyers above 238 and 119.10 is a brick wall to UJ at the moment.
NZDUSD has dipped today but I'm still in my long trade, currently up 25 pips.
GU is back over $2 after kindly stopping me out earlier lol.
Two new trades to put on later - both difficult calls but I'll make my decision later.
Kind Regards
Steve
The yen pairs don't know where they are going at the mo - I expect to see a breakout one way or the other soon. GJ has had few buyers above 238 and 119.10 is a brick wall to UJ at the moment.
NZDUSD has dipped today but I'm still in my long trade, currently up 25 pips.
GU is back over $2 after kindly stopping me out earlier lol.
Two new trades to put on later - both difficult calls but I'll make my decision later.
Kind Regards
Steve
- #1,633
- Apr 23, 2007 1:40pm Apr 23, 2007 1:40pm
- Joined Jun 2006 | Status: Trader | 5,709 Posts
Earlier my AUDUSD long was stopped out for minus 26 pips - no matter.
The yen pairs don't know where they are going at the mo - I expect to see a breakout one way or the other soon. GJ has had few buyers above 238 and 119.10 is a brick wall to UJ at the moment.
NZDUSD has dipped today but I'm still in my long trade, currently up 25 pips.
GU is back over $2 after kindly stopping me out earlier lol.
Two new trades to put on later - both difficult calls but I'll make my decision later.
Kind Regards
Steve
i think the yen gonna just hang in indecision until the interest rate statement. Then hopefully we'll see new trends for the rest of April.
- #1,634
- Apr 23, 2007 1:57pm Apr 23, 2007 1:57pm
- Joined Jun 2006 | Status: Trader | 2,512 Posts
Yup,
Stuck in a range - my bias is short as you've seen but any meaningful break of 238 & 119 I'll be cutting any losses and getting on the train!
Let's see how this plays out....
Kind Regards
Steve
Stuck in a range - my bias is short as you've seen but any meaningful break of 238 & 119 I'll be cutting any losses and getting on the train!
Let's see how this plays out....
Kind Regards
Steve
there are 3 interest statements this week!
i think the yen gonna just hang in indecision until the interest rate statement. Then hopefully we'll see new trends for the rest of April.
- #1,635
- Apr 23, 2007 4:11pm Apr 23, 2007 4:11pm
- Joined Jun 2006 | Status: Trader | 2,512 Posts
OK, 3 main trades & 2 complementary trades carry over........
Main trades.....
USDJPY short from 118.73 (s/l 119.06 guarantees minus 33 pips)
NZDUSD long from 0.7438 (s/l 0.7418 guarantees minus 20 pips)
GBPJPY short from 237.26 (s/l 238.54 guarantees minus 128 pips)
New main trades....
GBPUSD long from 2.0008 (s/l 1.9965 guarantees minus 43 pips)
AUDUSD short from 0.8320 (s/l 0.8388 guarantees minus 68 pips)
Complementary trades....
USDJPY short from 118.61 (s/l 119.13 guarantees minus 52 pips)
GBPJPY short from 237.26 (s/l 239.47 guarantees minus 221 pips)
AUDUSD short from 0.8318 (s/l 0.8442 guarantees minus 124 pips)
Should be an interesting day ahead.
Kind Regards
Steve
Main trades.....
USDJPY short from 118.73 (s/l 119.06 guarantees minus 33 pips)
NZDUSD long from 0.7438 (s/l 0.7418 guarantees minus 20 pips)
GBPJPY short from 237.26 (s/l 238.54 guarantees minus 128 pips)
New main trades....
GBPUSD long from 2.0008 (s/l 1.9965 guarantees minus 43 pips)
AUDUSD short from 0.8320 (s/l 0.8388 guarantees minus 68 pips)
Complementary trades....
USDJPY short from 118.61 (s/l 119.13 guarantees minus 52 pips)
GBPJPY short from 237.26 (s/l 239.47 guarantees minus 221 pips)
AUDUSD short from 0.8318 (s/l 0.8442 guarantees minus 124 pips)
Should be an interesting day ahead.
Kind Regards
Steve
- #1,636
- Apr 23, 2007 7:51pm Apr 23, 2007 7:51pm
OK, 3 main trades & 2 complementary trades carry over........
Main trades.....
USDJPY short from 118.73 (s/l 119.06 guarantees minus 33 pips)
NZDUSD long from 0.7438 (s/l 0.7418 guarantees minus 20 pips)
GBPJPY short from 237.26 (s/l 238.54 guarantees minus 128 pips)
New main trades....
GBPUSD long from 2.0008 (s/l 1.9965 guarantees minus 43 pips)
AUDUSD short from 0.8320 (s/l 0.8388 guarantees minus 68 pips)
Complementary trades....
USDJPY short from 118.61 (s/l 119.13 guarantees minus 52 pips)
GBPJPY short from 237.26 (s/l 239.47 guarantees minus 221 pips)
AUDUSD short from 0.8318 (s/l 0.8442 guarantees minus 124 pips)
Should be an interesting day ahead.
Kind Regards
Steve
GBPUSD looks like a short for me. Would you mind sharing your logic to go long this time? Thanks in advance.
Best Regards,
hksweeper
- #1,637
- Apr 24, 2007 1:31am Apr 24, 2007 1:31am
- Joined Jun 2006 | Status: Trader | 2,512 Posts
Looks like you were right
Hi Steve,
GBPUSD looks like a short for me. Would you mind sharing your logic to go long this time? Thanks in advance.
Best Regards,
hksweeper
- #1,638
- Apr 24, 2007 1:36am Apr 24, 2007 1:36am
- Joined Jun 2006 | Status: Trader | 2,512 Posts
OK, busy Asian session - a couple of main trade losses - GU minus 43 pips & NU minus 20 pips.
However, on the bright side, GBPJPY moved past plus 100 pips so s/l is now break even. Also AUDUSD moved past plus 70 pips so stop loss moved to b/e there too.
Currently all positions are in profit but I'm not counting my chickens.
Kind Regards
Steve
However, on the bright side, GBPJPY moved past plus 100 pips so s/l is now break even. Also AUDUSD moved past plus 70 pips so stop loss moved to b/e there too.
Currently all positions are in profit but I'm not counting my chickens.
Kind Regards
Steve
- #1,639
- Apr 24, 2007 6:16am Apr 24, 2007 6:16am
- Joined Jun 2006 | Status: Trader | 2,512 Posts
GBPJPY main trade stopped out at break even - couldn't be any other way I guess with the way it's been - minus 100, then plus 100 - maybe I should move my s/l to plus 5 pips instead of break even when I'm 100 pips up - seems to happen a lot on this pair but it's better than suffering a big loss.
Kind Regards
Steve
Kind Regards
Steve