Steviet's Live Trades! | Page 84 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Dukascopy Live Account - Don't Post if you haven't traded live with them! 117 replies

My Live Trades on my Live Account 588 replies

go live or bust ... diary of an fx live-trader-wannabe 1,621 replies

Trade 2 live accounts - one with full balance, 2nd as a live test? 0 replies

Oanda 10$ live acc quick-start guide (for newbie to trade live safe) 13 replies

Attachments: Steviet's Live Trades!
Exit Attachments

Steviet's Live Trades!

  • #1,661
  • Apr 26, 2007 11:25am Apr 26, 2007 11:25am
Oops,

Forgot to post another loss from earlier

UJ complimentary trade lost 52 pips - complemented the main trade nicely - they both lost .

Geez, we're having a poor run but at least each trade is only 1% of account balance so it looks far worse than it actually is.

Current complimentary trades are AUDUSD short at plus 45, NZDUSD short at plus 58 & GBPJPY short at minus 64.

5 new main trades to place later & possibly 2 complimentary trades too.

Kind Regards
Steve
  • #1,662
  • Apr 26, 2007 11:38am Apr 26, 2007 11:38am
Well, I have traded forex 1.5 years so far... and I became profitable some months ago. I guess I developed a propietary analysis or something that has become very reliable. I used to have my thread here @ FF but I left it because of the lack of interest. What I do now is to post post ocassionaly.

I really admire you Steviet, you take with a very good attitude your losses... and I guess that makes you a great trader.

I read that somebody wrote above something about that was a horrible week so far. Well, maybe somebody wont agree with me... but i strongly think that after 2 beautiful weeks of a trendy market, the market HAD TO STOP just to take a break!

I do not know if I am going to be rejected here, but... I have read here and there @ FF a lot of traders that bet to short a lot times this and there pairs... with losses the most part of them...

My insight Steviet for you is the following: the volatitly now is because the market is adjusting... but hasnt changed the main trend... we are seeing profit-taking more than pure short positions.

I know that short-term traders would say: we are in a short-term short trend... yes i agree... but i started to be more profitable looking @ Dailies... not 4-H charts...

I hope this helps u Stevites... i really feel bad when i read you write: loss here... loss there... you decerve to keep your profits...

Sorry if i bother somebody with my comments,

iiivb
  • #1,663
  • Apr 26, 2007 11:51am Apr 26, 2007 11:51am
Quoting bravado
i'm not sorry. the trades were reasonable. depending on which angle you were looking at it from.

the risks were calculated.

what's there to be sorry about.
You're definitely right bravado, he is making solid decisions based on a reasonable system and has nothing to worry about. I was just being nice! what can I do, I'm a nice guy...

And as the readers of this thread will see, big pips ARE around the corner. The NZD and AUD were well placed and should continue to fall. I'm not going to post my trades here as this is steviet's den, but I will say that the USD and all it's pairs is the spotlight at the moment with the current break. Good luck steviet!
Virtue finds and chooses the mean. Aristotle, Ethica Nichomachea
  • #1,664
  • Apr 26, 2007 11:54am Apr 26, 2007 11:54am
Hey ,

Don't feel bad when I post a loss - I'm still overall well in profit so I'm OK. As mine is essentially a system that tries to take advantage of the trend and what I call 'mini-trends', choppy weeks like this can be frustrating.

Even my good months where I've been plus over 500 pips, I only win about 1 in every 3 trades but they tend to be much bigger than the losers. This makes it seem like I'm always posting losses lol.

Now, I've decided to take any profits at the end of each day and re-open the position so in theory I should be posting a few more winners.

Some good points you bring up here iiivb - thanks

I remember your journal here - pleased to hear you are now profitable

Kind Regards
Steve

Quoting iiivb
Well, I have traded forex 1.5 years so far... and I became profitable some months ago. I guess I developed a propietary analysis or something that has become very reliable. I used to have my thread here @ FF but I left it because of the lack of interest. What I do now is to post post ocassionaly.

I really admire you Steviet, you take with a very good attitude your losses... and I guess that makes you a great trader.

I read that somebody wrote above something about that was a horrible week so far. Well, maybe somebody wont agree with me... but i strongly think that after 2 beautiful weeks of a trendy market, the market HAD TO STOP just to take a break!

I do not know if I am going to be rejected here, but... I have read here and there @ FF a lot of traders that bet to short a lot times this and there pairs... with losses the most part of them...

My insight Steviet for you is the following: the volatitly now is because the market is adjusting... but hasnt changed the main trend... we are seeing profit-taking more than pure short positions.

I know that short-term traders would say: we are in a short-term short trend... yes i agree... but i started to be more profitable looking @ Dailies... not 4-H charts...

I hope this helps u Stevites... i really feel bad when i read you write: loss here... loss there... you decerve to keep your profits...

Sorry if i bother somebody with my comments,

iiivb
  • #1,665
  • Apr 26, 2007 11:55am Apr 26, 2007 11:55am
Hehe,

Just my timing was slightly wrong - oh well...........NEXT lol

Kind Regards
Steve

Quoting Plutonite
You're definitely right bravado, he is making solid decisions based on a reasonable system and has nothing to worry about. I was just being nice! what can I do, I'm a nice guy...

And as the readers of this thread will see, big pips ARE around the corner. The NZD and AUD were well placed and should continue to fall. I'm not going to post my trades here as this is steviet's den, but I will say that the USD and all it's pairs is the spotlight at the moment with the current break. Good luck steviet!
  • #1,666
  • Apr 26, 2007 12:43pm Apr 26, 2007 12:43pm
Quote
Keep going my friend, discipline & money management may be boring but they two of the most important things in this business IMO.

I never risk more than 3% of my account size per trade, so i am able to keep my losses smaller than my profits that my strategy targets.

It will take 2 winning trades to get back what i lost in my 5+ losses

As for discipline this week has had me looking for new ways to trade because it made me realize how ineffective my strategy is when the markets not trending well... so i have digressed from my strategy a little and it has hurt and helped me, but probably hurt me more.

Do you think it is a good idea to adjust your initial strategy to help keep the losses smaller in times like this week? Or do you think remaining 100% disciplined consists of no changes and hope the market will go back to trending well so you can reap some profits?

The reality of it is that the market is unique at every point in time and as traders we can only use our "edges" to help us find a good time to get in and out of the unique market.

I am having trouble deciding what place i am at right now on this subject, because the other information i have been watching (but only traded twice on) would really be benificial in times like these.. but we cant predict when times like these are in the present u know.

The reason i really want to hear ur input on this topic is because u have seen consistent profits, through ur losses and wins, which is what defines a successful trader... so i would like to know if u have made adjustments and if they have helped or hurt you in the long run
  • #1,667
  • Apr 26, 2007 12:58pm Apr 26, 2007 12:58pm
when you know you will profit by the end of the month or by the year, who cares about current losses.

steviet's doing well with his trades right now.

i got no advice for him.

he will create his own advice.
BAM BAM BOOM! -bravado
  • #1,668
  • Apr 26, 2007 1:00pm Apr 26, 2007 1:00pm
LOL! I bet you do not! Just look at your signature!

LOL!

Quoting bravado
when you know you will profit by the end of the month or by the year, who cares about current losses.

steviet's doing well with his trades right now.

i got no advice for him.

he will create his own advice.
  • #1,669
  • Apr 26, 2007 1:03pm Apr 26, 2007 1:03pm
Hi Steve, Never managed to read all 100+ pages

Just wondering if you could do a quick summary.

Ie - how long you have traded this system and what the overal profit or loss has been.

Thanks
  • #1,670
  • Apr 26, 2007 3:01pm Apr 26, 2007 3:01pm
Hmmm,

My first consideration when trying to come up with a workable method was that it had to be something I could fit around the full-time job, hence a daily system. The second consideration was that it had to be reasonably simple, like me

What I've tried to do is to stick as close to my backtested method as possible which has so far been reasonably successful. When I've strayed I've normally paid (lol that's a good way of remembering).

It obviously works great for the most part when we hit a good trend and also in ranges, as long as the market isn't choppy.

I was originally trading 5 pairs using 2% of my account balance to work out my pip size. The initial stop losses would be moved each day until in profit and then I had a free trade. I am now choosing to close any trades in profit on the main system at the end of each day and bag the pips, then re-open the following day. I may change back but want to give this a good go first.

I was finding (and still am to some extent) that the choppy periods are a killer but you cannot really predict when and for how long they will exist. Always being in the market does however give you the opportunity to catch most of any trend going.

The stop loss policy of 10 pips (20 on GJ) above or below the previous days high or low has worked pretty well too but would stop me out of trades if the market corrects for a day or two.

This is why I have reduced the trade size to 1% per pair and brought in a complimentary system, much the same but with a larger initial stop loss.
It hasn't had time to show any effect yet but for instance, I was stopped out of the main NZD & AUD trades today but the comp trades are still running and in profit.

Hope this helps in some small way.

Kind Regards
Steve

Quoting brxxt
I never risk more than 3% of my account size per trade, so i am able to keep my losses smaller than my profits that my strategy targets.

It will take 2 winning trades to get back what i lost in my 5+ losses

As for discipline this week has had me looking for new ways to trade because it made me realize how ineffective my strategy is when the markets not trending well... so i have digressed from my strategy a little and it has hurt and helped me, but probably hurt me more.

Do you think it is a good idea to adjust your initial strategy to help keep the losses smaller in times like this week? Or do you think remaining 100% disciplined consists of no changes and hope the market will go back to trending well so you can reap some profits?

The reality of it is that the market is unique at every point in time and as traders we can only use our "edges" to help us find a good time to get in and out of the unique market.

I am having trouble deciding what place i am at right now on this subject, because the other information i have been watching (but only traded twice on) would really be benificial in times like these.. but we cant predict when times like these are in the present u know.

The reason i really want to hear ur input on this topic is because u have seen consistent profits, through ur losses and wins, which is what defines a successful trader... so i would like to know if u have made adjustments and if they have helped or hurt you in the long run
  • #1,671
  • Apr 26, 2007 3:06pm Apr 26, 2007 3:06pm
Hi,

Post #1412 on page 95 will give you the details on how things were up to the end of March. The first 3 months were great, better than expected and then we've hit a sticky patch but I'll come through I'm sure

I'll be doing another update at the end of this month but don't hold your breath - April hasn't been great so far lol.

Kind Regards
Steve

Quoting onemind
Hi Steve, Never managed to read all 100+ pages

Just wondering if you could do a quick summary.

Ie - how long you have traded this system and what the overal profit or loss has been.

Thanks
  • #1,672
  • Apr 26, 2007 4:09pm Apr 26, 2007 4:09pm
OK, 5 new trades to put on main system...

AUDUSD short from 0.8262 (s/l 0.8370)
NZDUSD short from 0.7394 (s/l 0.7496)
GBPUSD short from 1.9909 (s/l 2.0071)
GBPJPY short from 238.05 (s/l 238.94)
USDJPY long from 119.57 (s/l 118.44)

Lots of yen news later - got one long & one short lol

2 new trades on complimentary system...

GBPUSD short from 1.9911 (s/l 2.0081)
USDJPY long from 119.57 (s/l 118.11)

3 comp trades continue....

NZDUSD short from 0.7428 (s/l 0.7496 - currently plus 29 pips)
AUDUSD short from 0.8318 (s/l 0.8380 - currently plus 54 pips)
GBPJPY short from 237.26 (s/l 238.90 - currently minus 83 pips)

OK, trades on - cup of tea required lol

Kind Regards
Steve
  • #1,673
  • Apr 26, 2007 5:12pm Apr 26, 2007 5:12pm
Quoting steviet
OK, 5 new trades to put on main system...

AUDUSD short from 0.8262 (s/l 0.8370)
NZDUSD short from 0.7394 (s/l 0.7496)
GBPUSD short from 1.9909 (s/l 2.0071)
GBPJPY short from 238.05 (s/l 238.94)
USDJPY long from 119.57 (s/l 118.44)

Lots of yen news later - got one long & one short lol

2 new trades on complimentary system...

GBPUSD short from 1.9911 (s/l 2.0081)
USDJPY long from 119.57 (s/l 118.11)

3 comp trades continue....

NZDUSD short from 0.7428 (s/l 0.7496 - currently plus 29 pips)
AUDUSD short from 0.8318 (s/l 0.8380 - currently plus 54 pips)
GBPJPY short from 237.26 (s/l 238.90 - currently minus 83 pips)

OK, trades on - cup of tea required lol

Kind Regards
Steve
Steve, I check out your thread from time to time and am pleased with your progress thus far.

Just as a little encouragement, don't even worry about this week and all of your losses. FYI, I've had a hard week as well, and I trade similiar to you (or so it seems...I only trade S&R). I think I'll end up with a small loss this week or maybe BE...

So just keep it on the down low and it'll all be groovy. IM me if you need some encouragement or are feeling bleh. We all go through it.
Mr. Trend
  • #1,674
  • Apr 26, 2007 5:39pm Apr 26, 2007 5:39pm
Hey Mr Trend,

Thanks for the encouragement

Yup, been an odd week - I keep in touch with turbokaos & it seems most of us that trade similar systems have not done so well this last week or two.

I'll shoot you a PM if I'm starting to feel a little 'bleh'

I'm still very much on a steep learning curve but I'll get there - still in profit after nearly 6 months although not where I'd like to be yet.

Kind Regards
Steve

Quoting Mr Trend
Steve, I check out your thread from time to time and am pleased with your progress thus far.

Just as a little encouragement, don't even worry about this week and all of your losses. FYI, I've had a hard week as well, and I trade similiar to you (or so it seems...I only trade S&R). I think I'll end up with a small loss this week or maybe BE...

So just keep it on the down low and it'll all be groovy. IM me if you need some encouragement or are feeling bleh. We all go through it.
  • #1,675
  • Apr 26, 2007 5:42pm Apr 26, 2007 5:42pm
Quoting steviet
Hey Mr Trend,

Thanks for the encouragement

Yup, been an odd week - I keep in touch with turbokaos & it seems most of us that trade similar systems have not done so well this last week or two.

I'll shoot you a PM if I'm starting to feel a little 'bleh'

I'm still very much on a steep learning curve but I'll get there - still in profit after nearly 6 months although not where I'd like to be yet.

Kind Regards
Steve
Yeah... turbo and I trade very similiar. It's sometimes a little scary when we're calling out trades to each other over Yahoo... LOL.
Mr. Trend
  • #1,676
  • Apr 26, 2007 5:54pm Apr 26, 2007 5:54pm
LOL, maybe I'll see you over at Yahoo at some point then - don't think turbo is there at the moment - probably out purchasing the rest of Costa Rica

Quoting Mr Trend
Yeah... turbo and I trade very similiar. It's sometimes a little scary when we're calling out trades to each other over Yahoo... LOL.
  • #1,677
  • Apr 26, 2007 6:21pm Apr 26, 2007 6:21pm
Hey,

Great to see a few guys trading the same way - I trade quite similarly to steviet as well, although on H4 bars. Tried daily for a long time, realised I could avoid many of the losses on a smaller (but still "heavy") time scale.

Anyways, maybe one day we could start a discussion on different techniques used to manage the money, because I believe this is the single greatest difference and this will determine how much of your profits you get to keep. Anyway, too early to take about that now, I'm still forward testing in private for another 4 months and then maybe publishing a few example entries and exits in a journal. Nice to see you all, "trendy" folks
Virtue finds and chooses the mean. Aristotle, Ethica Nichomachea
  • #1,678
  • Apr 26, 2007 7:54pm Apr 26, 2007 7:54pm
Yeah.. I thought he owned Costa Rica !!!! But he is saving a little spot for me... that's OK,,, I'll just rent...
  • #1,679
  • Apr 26, 2007 8:17pm Apr 26, 2007 8:17pm
Quoting Tiki Trader
Yeah.. I thought he owned Costa Rica !!!! But he is saving a little spot for me... that's OK,,, I'll just rent...
It ain't a house yo... it's a compound!

Holla!
Mr. Trend
  • #1,680
  • Apr 27, 2007 6:15am Apr 27, 2007 6:15am
WTF!

When I left for work this morning my positions were nearly 400 pips up - get back 4 hours later and I'm 500 pips in the hole!!!!

I must admit that days like these I can get a little disillusioned - I've often in the position through a month where I'm a few hundred pips up on open trades and sometimes wonder whether it's just better to close all open positions and turn off the pc for the week.

Of course there is no way of backtesting such a strategy but I'm a little pissed off shall we say
2 traders viewing now