I am a big H&S trader, but I can't see an inverse H&S in the daily for two reasons: 1. The right shoulder has no shape, provided that the left shoulder is valid - which is not according to my definitions of shoulder - 2. Inverse H&S formations don't ...

EURUSD

I know I may be utterly wrong here, but the more I read about the Euro and the more I see traders almost take it for granted that 1.50 is in the cards. Just think about this for one second: if we are "only" 100 pips away from 1.50...and 1.50 MUST BE ...

EURUSD

Morning Steviet: A quick note to avoid any misunderstandings: 1. My winning% used to be well above 90% - like yours currently - and when I fixed my win:loss ratio it dropped to 68%, which is still decently above the 50% mark. I would never use a ...

Steviet's Live Trades!

Looking at the market and asking yourself "what are the big players trying to do here?" is the best approach you can have IMO. It's the big players who move the market, so if you get good at detecting their footprints you definitely one step ahead ...

EURUSD

Hi Steviet First of all, Happy New Year. Having losers of 1,000 and winners of 50 FORCES you to have a winning % above 95. In fact, if you hit 95 winners and 5 losers, you'll end up losing 250 pips. I think you are in the "I never want to lose a ...

Steviet's Live Trades!

You really believe the European Union could survive such a high exchange rate? Wait for the first half of 2008 when the strong euro will be reflected into big european companies' statements. Comparing the US economy to the Japanese economy makes no ...

Eurusd...today 1.47...1.70...then 2.00..3.00

Hmmm...let me guess: Euro almost hit 1.50 a few weeks ago, dollar had been hammered across the board against pretty much every single freaking currency... In the meanwhile, the credit turmoil spilled over to UK...and the Pound got hit hard, which ...

EURUSD

As much as I am firmly convinced that this pair is WAY OVERBOUGHT due to fundamentals...I can't deny what I see on the charts: a very strong uptrend. Hence, I believe it's gonna take quite some time to reverse this trend, even from a micro-trend ...

EURUSD

Hi Steviet Something you may want to consider: I noticed that throughout this journey you went from one extreme to the opposite extreme. At first you operated out of a longer term system with many small losses and a few big winners. You used to get ...

Steviet's Live Trades!

You are a funny character indeed. You talk like the master of trading and have no humility whatsoever. I know vet traders whose shoes you could polish that are still daytrading today. Reminder: Your way doesn't necessarily have to be EVERYONE'S WAY. ...

Soultrader's Clinic :)

Thanks Primate. I did realize it as I was writing it. I think it's really important for a daytrader to understand when his odds start to drop below the expected level. I've been doing a lot of research into my trades, keeping track of all of them ...

Soultrader's Clinic :)

Soultrader Thanks for getting back to me. A couple of things need to be clarified because I believe you misunderstood them: "one thing you will realise as time goes on is that you dont need the lines - everything you need is right there in the ...

Soultrader's Clinic :)

Primate I do see a couple of bad losses, yet I don't know what timeframe you use to operate in FX nor do I know the details of your system. However, if you are a daytrader and you average at least 5 or more trades per day on the same instrument, I ...

Soultrader's Clinic :)

Nice to see you back Soultrader. When you closed your thread I felt a bit guilty because your closing post came right after my last post... I believe this thread is finally on track to be as useful as it was conceived to be. The merit goes to you ...

Soultrader's Clinic :)

I agree there should be no rate cut. However, Bernie failed to prove himself as the strong academic scholar he was described as upon his introduction as FED chairman. Inflation is high in the US, the numbers are rigged IMO. Oil is almost $100, ...

Will Fed Do The Unexpected And Leave Rates Unchanged!!

Steviet I was asking you those questions for 2 simple reasons: 1) it's always important to know your strategy inside out. 2) if the average amount of heat you take on each trade is high, that's a lot of pressure on you to keep that winning% very ...

Steviet's Live Trades!

I am not a forex trader yet I do follow currencies on an hourly basis. I believe the upgap was due to the G7 meeting we had over the weekend and on speculations the ECB may need to raise interest rates in december due to rising inflation. However, ...

Dollar.....Whats Next??

Ok, if the spread is 8 pips then the moment you start a trade, you are down 8...what is the average amount of heat you take on each of those trades? With "heat" i mean pressure. How much do you go down before you grab those 10 ticks? On average of ...

Steviet's Live Trades!

Hi Steviet Wow, you've been on an amazing run. Congratulations and keep up the great work. One question out of curiosity: I notice that you tend to grab 10 pips most of the times. What's the average amount of "heat" you take on those trades? You ...

Steviet's Live Trades!

To be honest with all of you guys, I haven't yet grasped the whole meaning of this thread. I find it very confusing and its posts are very fragmented. I don't think it's useful to get into discussions about what works and what doesn't, at least not ...

Soultrader's Clinic :)