Well, one hour left before the market open. My action is to place an order long at 240.54 (50 pips above resistance) and place my stop loss at 238.55 the same stop loss of my current position. Why? 1) It does not matter to me right now if price goes ...

Momentum Factor

Daemien, I will start a tread entitled " Momentum Factor" to explain it so I don't use up Steve's Journal. Give me some time and it should be posted this weekend. Rick

Steviet's Live Trades!

Hi Steve, I've been doing your system this month and I did something different last week. As my position goes my direction, I added my position depending on the strenght of the trend. Last week I have long positions on GBP/USD and GBP/JPY. Like what ...

Steviet's Live Trades!

Oh, thank you very much! This is very helpful.

Can MT4 do simulations?

Thanks, but how do I tell MT4 to go back a certain date? Thanks in advance.

Can MT4 do simulations?

The same here. I have to set back the default (0, 1, 3, 2) and it showed.

Heiken-Ashi System

GREED!

US trader ordered to pay back $35m

Now I understand why your position is oposite between GU and EU. Great job Steve and thanks. Rick

Steviet's Live Trades!

Me too. It shows no connection on the bottom left corner. Does anyone else have problem with connection?

No connection

I know when the market is close, you can't log in until few hours before market opens again. So, you have to wait until early Dec. 26th. I believe the platform opens at 2:00 AM EST.

Anyone FXCM running

Trading in demo and got stop out today: 12/8/2006 - 12/19/2006 Short GBP/USD Open 1.9528 Stop 1.9562 -34 pips Short EUR/USD Open 1.3200 Stop 1.3128 +72 pips Long USD/CHF Open 1.2048 Stop 1.2209 +161 pips Net +199 pips Looks good so far and entering ...

Steviet's Live Trades!

Hi Steve, Number 4 question is answered in post #4. Sorry for the confussion. I like your trade management rule on moving your stop loss. I can see now that this is a good simple system and using a daily chart I can see big and small trends. I'm ...

Steviet's Live Trades!

Hi Steve, Intersting system and something I may want to checkout...I have a job too. My question are: 1. How do you decide to go long or short for the day? 2. When you open a position, say today, do you enter another position the next day on the ...

Steviet's Live Trades!

Hi all, Just to share something to you. I'm also a long term trader...weeks to months...started learning intraday trading. The chart is from an Elliott wave software and shows a possible retarcement before extending to wave 5 again. You can check ...

Cable Update (GBPUSD)

This is what I see using Elliott wave. This is not a recommendation but rather a possible filter. Checkout also the H4 and H1 if they are trending down. Anything can happen like news.

GBPUSD