It'd be physically impossible for me to have a live journal and trade at the same time. I have to keep my eyes on 2 screens and monitor about 20 different charts to keep the feeling of what's going on. I do have an online journal in a private ...

Steviet's Live Trades!

Completely agree.

Steviet's Live Trades!

First of all, I am not a FOREX trader. I am a futures trader so this wouldn't be the appropriate place to start a thread on daytrading and stop placement. Second, I don't have anything to prove to anyone other than myself and my girlfriend. I prefer ...

Steviet's Live Trades!

Hi Stevie A couple of observations on your situation and your thoughts: 1) Trading shouldn't be boring at all. Trading should be fun! If you don't have fun trading, then it could never become your sole source of income. When I say FUN, I don't mean ...

Steviet's Live Trades!

If you don't have enough time to follow FOREX all day long...why don't you trade something different and get a part-time job? You'd be surprised by how much money you can make trading emini futures in the first couple of hrs after the open, from ...

Quit Job , go Back to School, Trade Forex?

Exactly 2 years ago I asked myself the same question. Shall I quit my job and attempt to become a full-time trader or shall I keep it and learn about trading in the spare time? I quit my job. I figured that trading is probably one of the most ...

Quit Job , go Back to School, Trade Forex?

Hi Stevie do not let a bad month get in your head. Don't forget you are a swing trader and not a daytrader, hence a month for you is like a day/week for a daytrader. Keep up the good work and make sure you always trade according to your original ...

Steviet's Live Trades!

Cut your losses short and let your profits run is one of the oldest Wall Street sayings. Yet, it's still a very solid way to do trading nowadays. If your losers are larger than your winners, you are doomed to keep a high winning % all the time, ...

Winner vs. Losers (Size) - Could Use Some Advice.

Hi Steve I read about your latest changes to your currency pair mix. Unfortunately it's been a while since I've looked at a FOREX chart, I usually follow EUROFX futures and this is pretty much it. Hence, I can't provide you with my feedback about ...

Steviet's Live Trades!

I don't think the US will strike Iran without the approval of the United Nations Security Council. Bush already invaded Iraq without full approval from the UN, damaging diplomatic relationships with important UN members such as France and Russia. If ...

Gulf War Charts

Hi Steve Glad to see you are doing well. Keep up the good work and you'll easily reach your goals. All newbies should learn 2 important things from this thread: 1. You need to have a trading plan that gives you an edge 2. You need to stick to it ...

Steviet's Live Trades!

I would go live and make sure your risk per trade is as close to 0% as possible. Demo accounts are useful to practice ideas, strategies and test out trading platforms. I assume you already have a strategy you have thoroughly backtested and not that ...

Am I ready to go live?

I think you answered your question by yourself. Financial analysts are not traders.

Finally Naked

First of all, Hi and sorry if I sounded disrespectful in my reply to your post. To answer your question, no I wouldn't differentiate between pairs. I would only focus on my setups and distribute my risk according to the probability of success for ...

Steviet's Live Trades!

Hi Steviet Please don't stop what you've been doing successfully! You are in the middle of a master plan and you must carry on until phase 1 is over. Keep in mind, you and other readers who might have misinterpreted my writing, that POSITION SIZING ...

Steviet's Live Trades!

Hi Steviet By no means did I intend to sound disrespectful using the word "dumb". I actually take it back, it was used unproperly. Apologies for those who may have gotten offended. No doubt there are traders who are tremendously successful using a ...

Steviet's Live Trades!

You are right, it is very hard to make the transition and it requires lots of patience and determination. However, you sound very determined about candlesticks and you sound like you like what you are studying, which is the most important thing. ...

100 Trades Analysis

I don't agree with the above. Actually, I find it pretty dumb to risk the same amount of capital for each trade. That would mean that you assign the same probability of success to each setup, which is absolutely wrong as there setups that work ...

Steviet's Live Trades!

1. I am cheering for Stevie as well. I wish him the best and I can't see any reason why anyone in here would wish him otherwise. 2. If you are a fulltime successful trader, you must differentiate between starting off a micro-forex account with a ...

Steviet's Live Trades!

Candlesticks are not an exact science. A valid candlestick engulfing pattern or a hammer or a dark cloud cover do not have to necessarily be right by the tick. Just look at the overall context and you'll be fine. As to the engulfing patterns, when ...

Nison's Candlestick book