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Attachments: Steviet's Live Trades!
Exit Attachments

Steviet's Live Trades!

my target was 1.3000

Quoting steviet
I'm sure you will lol - yup my eu long was up over 50 pips & now at b/e but that's how it goes. That'll teach me for not having targets hehe.

Kind Regards
Steve
Quoting steviet
OK, USDCAD short just been stopped out for a 62 pip gain. Am sorta pleased because I've just reached a milestone (see cumulative) for now at least

Total pips Jan 07: plus 686
Cumulative since Nov 06: plus 2016

Kind Regards
Steve
congrats Steve... It is wierd that you seem to be 100% correct initially in all your decisions after the s/l is hit. Ever thought about doing another system with a target based on when the s/l is hit with this system? I bet you'd be right most of the time. Somehow you know somebody that knows the future of the currency or you are just that good. I say the latter. Congrats again.
Quoting llambert3
congrats Steve... It is wierd that you seem to be 100% correct initially in all your decisions after the s/l is hit. Ever thought about doing another system with a target based on when the s/l is hit with this system? I bet you'd be right most of the time. Somehow you know somebody that knows the future of the currency or you are just that good. I say the latter. Congrats again.
steve and I can just trade systems cause were about tied YTD and i use targets...lol
Thank you so much. Now, and just now, I understood the whole system. And thanks to you.....
Also I wish you good trade(which you already had )
Quoting steviet
OK, USDCAD short just been stopped out for a 62 pip gain. Am sorta pleased because I've just reached a milestone (see cumulative) for now at least

Total pips Jan 07: plus 686
Cumulative since Nov 06: plus 2016

Kind Regards
Steve
Congrats on the milestone Steve , you are doing great bro.. keep it up
Trade what you see, not what you think.
Quoting llambert3
congrats Steve... It is wierd that you seem to be 100% correct initially in all your decisions after the s/l is hit. Ever thought about doing another system with a target based on when the s/l is hit with this system? I bet you'd be right most of the time. Somehow you know somebody that knows the future of the currency or you are just that good. I say the latter. Congrats again.
HAHA,

This is a rare day off work for me so it's been fun watching the markets during the action part of the day for a change. The system had to be based around the fact that I'm not able to trade during the day.

I'm pretty sure it will work, I've backtested it manually & now testing it live - so far, so good. I do sometimes think, oh I wish I had taken that 50/100 pips before it reversed but that would be breaking my rules. As many times as that happens, it goes off into the clouds for a few hundred pips. Tricky one, but I'm very happy with the system as it is for now and the way I trade it.

Two new trades to put on tonight so must start thinking what to do.

Thanks for your comments.

Kind Regards
Steve
Quoting turbokaos
steve and I can just trade systems cause were about tied YTD and i use targets...lol

Seems like I celebrated and you congratulated too soon - EURUSD stopped out for minus 30 pips

Still, am guaranteed over 100 on the GU so that should push us back over lol.

Total Pips for Jan 07: plus 656
Cumulative since Nov 06: plus 1988

Kind Regards
Steve
Im in a trade on theGBPJPY and wanted to no if you think there is a good chance that the eur/usd and gbp/usd will go up now from its big fall that it has been doing all morning?so it can push GBPJPY
Quoting steviet
Seems like I celebrated and you congratulated too soon - EURUSD stopped out for minus 30 pips

Still, am guaranteed over 100 on the GU so that should push us back over lol.

Total Pips for Jan 07: plus 656
Cumulative since Nov 06: plus 1988

Kind Regards
Steve
Quoting turn1to100
Im in a trade on theGBPJPY and wanted to no if you think there is a good chance that the eur/usd and gbp/usd will go up now from its big fall that it has been doing all morning?so it can push GBPJPY
I don't trade GJ - sorry
Do you feel that the euro usd and gbpusd will go up???from you outlook
Quoting steviet
I don't trade GJ - sorry
Stevi what's ur current prediction towards USD/CAD ????
Quoting turn1to100
Do you feel that the euro usd and gbpusd will go up???from you outlook
OK,

I'm currently long on GU from 1.9442 and as long as my stop loss isn't hit at 1.9560 today then I'll be staying long.

However, if prices stay around this mark, I'll be shorting EU tonight.

I cannot stress this enough though - this is my journal - a record of my trades. As it says in my signature the trades are not recommendations and anyone following them do so at their own risk. I would hazzard a guess that most who do follow it, don't adhere to either the money management strategy or the rules I set for myself.

This is not a signal service and I will not give out recommendations - it's your money, your risk.

Sorry to be hard here but there will be rocky times ahead where I know I will & can stick to my method - I know for a fact some will risk much more than I do trying to maximise gains, only to find they have blown their account. The last thing I want to happen is for people to turn round and blame me, not themselves when things don't turn out how they expect.

Hope thats clear

Kind Regards
Steve
Steve,

This is a fun read. Just keep it up!

Jackie
Quoting coastalfx
Steve,

This is a fun read. Just keep it up!

Jackie
Thanks Jackie - will do
OK, 2 current trades still open with stop losses adjusted.....

USDJPY long from 120.44 (s/l 120.11 guarantees minus 33 pips)
GBPUSD long from 1.9442 (s/l 1.9580 guarantees plus 138 pips)

3 new trades.....

USDCAD long from 1.1758 (s/l 1.1636 guarantees minus 122 pips)
EURUSD short from 1.2917 (s/l 1.2999 guarantees minus 82 pips)
USDCHF long from 1.2489 (s/l 1.2407 guarantees minus 82 pips)

Worse case scenario for these trades is minus 181 pips.
Not overly confident on these new trades and their initial stop losses but will try and explain the rationale behind them...

USDCAD - took 62 pips on the short earlier but a big reversal today due to soft CAD data & oil prices means we have to go long again. Price will need to push through 1.1800 for us to make some profit here.

EURUSD - like GU, EU pushed higher but failed to make any further gains even with poor US data. Seems like the market players don't wish us to see 1.3 on eu or over 1.97 on gu just yet.

USDCHF - took 177 pips on the long earlier but has recovered all it's losses today. Almost always will be a mirror of EU.

By the way, as an aside - did anyone else notice that USDJPY hit a high of 120.77 earlier - highest since 5th December 2005!

Kind Regards
Steve
I have not followed the EUR/USD much recently, does it still go in the direction of the GBP/USD by average?

I am interested in the movement, because I study the GBP in depth, and thought it might be possible to make profits along with GBP.

Thanks for your reply.
[quote=steviet;188746]OK, 2 current trades still open with stop losses adjusted.....

USDJPY long from 120.44 (s/l 120.11 guarantees minus 33 pips)
GBPUSD long from 1.9442 (s/l 1.9580 guarantees plus 138 pips)

3 new trades.....

USDCAD long from 1.1758 (s/l 1.1636 guarantees minus 122 pips)
EURUSD short from 1.2917 (s/l 1.2999 guarantees minus 82 pips)
USDCHF long from 1.2489 (s/l 1.2407 guarantees minus 82 pips)

Worse case scenario for these trades is minus 181 pips.
Not overly confident on these new trades and their initial stop losses but will try and explain the rationale behind them...

USDCAD - took 62 pips on the short earlier but a big reversal today due to soft CAD data & oil prices means we have to go long again. Price will need to push through 1.1800 for us to make some profit here.

EURUSD - like GU, EU pushed higher but failed to make any further gains even with poor US data. Seems like the market players don't wish us to see 1.3 on eu or over 1.97 on gu just yet.

USDCHF - took 177 pips on the long earlier but has recovered all it's losses today. Almost always will be a mirror of EU.

By the way, as an aside - did anyone else notice that USDJPY hit a high of 120.77 earlier - highest since 5th December 2005!

Kind Regards


Steve [/quote]

Steve, I know you only update your positions daily, and you have a stop set. Do you leave your target price open until the next daily candle?

Thanks
Quoting monarch
I have not followed the EUR/USD much recently, does it still go in the direction of the GBP/USD by average?

I am interested in the movement, because I study the GBP in depth, and thought it might be possible to make profits along with GBP.

Thanks for your reply.
Now it is my honour to welcome you to my thread

Generally speaking they will move together although EU normally at a slower rate. The only reason I'm not GU short at the moment is the fact that my long was not stopped out - I'd be very surprised if it wasn't stopped out tomorrow sometime.

It's been slightly less correlated since BOE raised rates and ECB didn't (see E/G daily chart attached) but GU normally drags EU with it wherever it goes lol. I've also attached EU & GU daily charts so you can see the correlation.

I'm probably just telling you what you already know lol.

Hope this helps

Kind Regards
Steve
Attached Images
Quoting monarch
[quote=steviet;188746]OK, 2 current trades still open with stop losses adjusted.....

USDJPY long from 120.44 (s/l 120.11 guarantees minus 33 pips)
GBPUSD long from 1.9442 (s/l 1.9580 guarantees plus 138 pips)

3 new trades.....

USDCAD long from 1.1758 (s/l 1.1636 guarantees minus 122 pips)
EURUSD short from 1.2917 (s/l 1.2999 guarantees minus 82 pips)
USDCHF long from 1.2489 (s/l 1.2407 guarantees minus 82 pips)

Worse case scenario for these trades is minus 181 pips.
Not overly confident on these new trades and their initial stop losses but will try and explain the rationale behind them...

USDCAD - took 62 pips on the short earlier but a big reversal today due to soft CAD data & oil prices means we have to go long again. Price will need to push through 1.1800 for us to make some profit here.

EURUSD - like GU, EU pushed higher but failed to make any further gains even with poor US data. Seems like the market players don't wish us to see 1.3 on eu or over 1.97 on gu just yet.

USDCHF - took 177 pips on the long earlier but has recovered all it's losses today. Almost always will be a mirror of EU.

By the way, as an aside - did anyone else notice that USDJPY hit a high of 120.77 earlier - highest since 5th December 2005!

Kind Regards

Steve
Steve, I know you only update your positions daily, and you have a stop set. Do you leave your target price open until the next daily candle?

Thanks[/quote]

I don't actually have a target as such - the stop loss, once in profit (hopefully lol) will stop me out. The stop losses are moved at the end of each daily candle (exclude Sundays if you use MT).

Kind Regards
Steve
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