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Steviet's Live Trades!

  • #1,681
  • Apr 27, 2007 6:58am Apr 27, 2007 6:58am
i feel for you man

consider those your expense pips, now that your expenses are paid its only earnings from here!

i noticed you were shorting the GBP around the 1.9000-10 level

take a look at my posts from #50 to most recent, i think theres 5 posts or so.. it was a picture perfect day for me to take the trade using my other information strategy, but i resisted because im trying to stick to my initial strategy... lol figures when i try the different strategy i get burned then when i ignore it on a perfect setup because my initial strategy is still saying sell sell sell i miss out on big pips... at least i was able to stick to my rules so i got something out of today!

keep your head up man your still in the 5%!!
  • #1,682
  • Edited 8:32am Apr 27, 2007 8:18am | Edited 8:32am
Hey mate,

I definitely feel your frustration as you know two of my GBP long where knocked out in the AM for -120 only to be up 166+ pips if they where still around, then I miss my jpy short 119.80 by 5pips, and to put some icing on the cake the NZD made a crazy push down to trigger a short which i got slipped on the both sides for -91 my biggest lost on one pair this year.

I can't say its all bad cause I got a few winners but over all I'm still down and it seem this month as been a lot more like above. Hitting the losers by a few and missing the winner by even less.

This is what makes traders, being able to stay on the horse and make it threw days like these.
  • #1,683
  • Edited 8:43am Apr 27, 2007 8:29am | Edited 8:43am
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...
Don't worry mate I'm not crazy enough to buy the piece a few miles from an active volcano.

Just think you could open your own hot springs and charge $80 a head too.

arenal volcano (Costa Rica) <~~~~~ Tiki's spot
http://images.google.com/images?q=ar...H&start=0&sa=N
  • #1,684
  • Apr 27, 2007 8:41am Apr 27, 2007 8:41am
Quoting steviet
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

Heya Stevie

I've had a +10% PL go into nothingness / red before as well - such is the nature of the beast, especially if you're going off larger timeframes.

I just read your entries, everything went to whiplashville I see. Sorry man.

Have you considered the integration of pin bars yet? I think I mentioned that in an earlier post..
Just the pins, nothing else...coulda had you short on that cable PB, even though it was tiny, and with your lock in system of above +100 pips gotten you those, too..and today would have just kicked you out to re-enter long next week.

Just a thought.

Either way - you know this is what the test of time is about. We went through consolidation or correction or whatever it's called, but there will be trends to ride again, be sure of it

Take care, don't take things too hard, relax and have a good weekend - you worked hard enough for it =)

SeekingLight
Trust price. Know yourself.
  • #1,685
  • Apr 27, 2007 11:32am Apr 27, 2007 11:32am


Thanks for that bro - actually have mellowed out since lunch.

GBPJPY main trade was stopped out for minus 89 pips.

Longer term complimentary GJ trade stopped out for minus 164 pips. The UJ (stopped out yesterday) & GJ comp trades were running from 13th & 19th April - the range just broke out the wrong way for me lol.

Remaining trades are still on and are actually in a better position than at lunchtime. Wow, UJ main trade is up 5 pips at the mo - will I be able to grab a handful of pips later?? haha

Comp trades in AU & NU are also still in profit but severley dented.

Kind Regards
Steve

Quoting brxxt
i feel for you man

consider those your expense pips, now that your expenses are paid its only earnings from here!

i noticed you were shorting the GBP around the 1.9000-10 level

take a look at my posts from #50 to most recent, i think theres 5 posts or so.. it was a picture perfect day for me to take the trade using my other information strategy, but i resisted because im trying to stick to my initial strategy... lol figures when i try the different strategy i get burned then when i ignore it on a perfect setup because my initial strategy is still saying sell sell sell i miss out on big pips... at least i was able to stick to my rules so i got something out of today!

keep your head up man your still in the 5%!!
  • #1,686
  • Apr 27, 2007 11:37am Apr 27, 2007 11:37am
Sorry bro,

Seems that today has been a typical freaky Friday - catch you in YM to exchange sob stories haha.

Quoting turbokaos
Hey mate,

I definitely feel your frustration as you know two of my GBP long where knocked out in the AM for -120 only to be up 166+ pips if they where still around, then I miss my jpy short 119.80 by 5pips, and to put some icing on the cake the NZD made a crazy push down to trigger a short which i got slipped on the both sides for -91 my biggest lost on one pair this year.

I can't say its all bad cause I got a few winners but over all I'm still down and it seem this month as been a lot more like above. Hitting the losers by a few and missing the winner by even less.

This is what makes traders, being able to stay on the horse and make it threw days like these.
  • #1,687
  • Apr 27, 2007 11:41am Apr 27, 2007 11:41am
I got all of you beat:

-625 pips for the week.

Beat that...
Mr. Trend
  • #1,688
  • Apr 27, 2007 11:41am Apr 27, 2007 11:41am
Yup, I was in two minds on whether to short GU yesterday but of course I listened to the wrong mind

As you say, I'd have been in a much better position but that's just how it goes sometimes.

Have a great weekend - at least I'm still here to fight another day & account is still in profit - with my last few months that's unbelievable but true lol.

Kind regards
Steve

Quoting SeekingLight
Heya Stevie

I've had a +10% PL go into nothingness / red before as well - such is the nature of the beast, especially if you're going off larger timeframes.

I just read your entries, everything went to whiplashville I see. Sorry man.

Have you considered the integration of pin bars yet? I think I mentioned that in an earlier post..
Just the pins, nothing else...coulda had you short on that cable PB, even though it was tiny, and with your lock in system of above +100 pips gotten you those, too..and today would have just kicked you out to re-enter long next week.

Just a thought.

Either way - you know this is what the test of time is about. We went through consolidation or correction or whatever it's called, but there will be trends to ride again, be sure of it

Take care, don't take things too hard, relax and have a good weekend - you worked hard enough for it =)

SeekingLight
  • #1,689
  • Apr 27, 2007 11:50am Apr 27, 2007 11:50am
OMG

And we were talking in YM just a few hours back sitting on healthy profits - crazy day.

Actually a few of my open positions are either in profit or not far from it again - could just be profit taking of course but any more of a retrace & I might be able to actually bag a few pips tonight. Famous last words lol.

Kind Regards
Steve

Quoting Mr Trend
I got all of you beat:

-625 pips for the week.

Beat that...
  • #1,690
  • Apr 27, 2007 11:54am Apr 27, 2007 11:54am
Quoting steviet
OMG

And we were talking in YM just a few hours back sitting on healthy profits - crazy day.

Actually a few of my open positions are either in profit or not far from it again - could just be profit taking of course but any more of a retrace & I might be able to actually bag a few pips tonight. Famous last words lol.

Kind Regards
Steve
Oh yes. It's been a fun week.
Mr. Trend
  • #1,691
  • Apr 27, 2007 12:00pm Apr 27, 2007 12:00pm
Haha,

Fun is one word to describe it I guess - wasn't quite the one I had in mind though

Good thing is though, as the money management is right, we're still around to fight another day. I'm pretty sure a few had accounts busted today.

Quoting Mr Trend
Oh yes. It's been a fun week.
  • #1,692
  • Apr 27, 2007 12:07pm Apr 27, 2007 12:07pm
Quoting steviet
Good thing is though, as the money management is right, we're still around to fight another day. I'm pretty sure a few had accounts busted today.
Well, you hit it right on the head right there. Even if one were prescribing to correct MM, -625 in one week is still a really hefty drawdown...

I'll admit, I made a few mistakes this week that cost me dearly -- and this is one of those weeks where you cannot make mistakes, because making any kind of profit is going to be hard anyway.

I know a guy that did around +225 this week and I have no idea how he done it... better than I, that's obvious...

You really have to persevere during these weeks. It's what seperates the men from the boys.
Mr. Trend
  • #1,693
  • Apr 27, 2007 12:09pm Apr 27, 2007 12:09pm
Quoting Mr Trend
I got all of you beat:

-625 pips for the week.

Beat that...


625 pips...my god. How did you do it? In the early days when me & friends were still naive we used to say "figure out how we lost so much and do the EXACT OPPOSITE". But that, uh, didn't work out too well

This week has actually been profitable for me, amazingly, considering the crazy movements of the USD. The losses/profits cancelled out then today I managed a good 90 pips GBPJPY + 65 USDJPY. I still have NZDUSD trades open like steviet and while these are long term trades, I think we will be seeing short term gains as the dollar is a very determined animals(shrugged off negative GDP data after initial panic).

Anyway best of luck, may the trend be with you, have a nice weekend all.
Virtue finds and chooses the mean. Aristotle, Ethica Nichomachea
  • #1,694
  • Apr 27, 2007 12:13pm Apr 27, 2007 12:13pm
So easy to say could've done this or that but simple fact is we do what we do and pay for the consequences either way.

Trades are continuing to retrace their gains and open positions are now less than 100 pips down overall (about 1% of account balance).

GU has retraced an awful long way from 2.0041 to 1.9960 again - I'll hold onto my shorts over the weekend and see if 9950 breaks Monday - it's still looking bearish on the daily chart to me.
  • #1,695
  • Apr 27, 2007 12:15pm Apr 27, 2007 12:15pm
Quoting Mr Trend
I know a guy that did around +225 this week and I have no idea how he done it... better than I, that's obvious...

You really have to persevere during these weeks. It's what seperates the men from the boys.
Well don't keep track of weekly numbers... so I feel super duper special but this month has been a bicth, excuse my French

+290
  • #1,696
  • Apr 27, 2007 12:25pm Apr 27, 2007 12:25pm
It's pretty easy if you trade off the dailys lol.

Look at GJ, you can have a couple of 150+ pip losses and then take a 750 pip gain to end the week - it's that type of animal.

Back to the pips issue - was just speaking with turbo and if you knew the amount per pip he trades you'll know why he just speaks in pips

I'd be wheeled off to the local hospital after a coronary if I lost 10 pips trading those numbers - what I'm saying is it's sometimes easier to think of pips won/lost than the $ amount.

I just said to him, it's a different world but that's what I'm learning for - I have a long term goal & I will get there.

Kind Regards
Steve

Quoting Plutonite


625 pips...my god. How did you do it? In the early days when me & friends were still naive we used to say "figure out how we lost so much and do the EXACT OPPOSITE". But that, uh, didn't work out too well

This week has actually been profitable for me, amazingly, considering the crazy movements of the USD. The losses/profits cancelled out then today I managed a good 90 pips GBPJPY + 65 USDJPY. I still have NZDUSD trades open like steviet and while these are long term trades, I think we will be seeing short term gains as the dollar is a very determined animals(shrugged off negative GDP data after initial panic).

Anyway best of luck, may the trend be with you, have a nice weekend all.
  • #1,697
  • Apr 27, 2007 12:25pm Apr 27, 2007 12:25pm
Quoting turbokaos
...but this month has been a bicth, excuse my French
I don't think that adequately describes my month...
Mr. Trend
  • #1,698
  • Apr 27, 2007 12:27pm Apr 27, 2007 12:27pm
Quoting steviet
So easy to say could've done this or that but simple fact is we do what we do and pay for the consequences either way.

Trades are continuing to retrace their gains and open positions are now less than 100 pips down overall (about 1% of account balance).

GU has retraced an awful long way from 2.0041 to 1.9960 again - I'll hold onto my shorts over the weekend and see if 9950 breaks Monday - it's still looking bearish on the daily chart to me.
Yes, a lot of veterans on the GBPUSD were confident that armaggeddon was here for that pair after the solid drop from the highs. I am not trading it but agree with the sentiment, despite the 200 pip "correction" that threw off a lot of S/L for good citizens everywhere. What is stranger is that many good traders also are vey bullish on GBPJPY right now. It is a very scizophrenic time to be alive. Do you have any GBPJPY longs left over the weekend, anyone?
Virtue finds and chooses the mean. Aristotle, Ethica Nichomachea
  • #1,699
  • Apr 27, 2007 12:30pm Apr 27, 2007 12:30pm
Quoting Plutonite
Do you have any GBPJPY longs left over the weekend, anyone?
Yes. I got a signal off of my daily for a long w/ a target at good ole' 241.
Mr. Trend
  • #1,700
  • Apr 27, 2007 4:04pm Apr 27, 2007 4:04pm
OK, last post of the week.

Closed USDJPY long main trade for plus 4 pips a minute ago - get out the flags lol.

Enough has been said about today's fun & games so I'll now draw a line and look forward to the new week.

Still have 3 main trades and 4 complimentary trades open into the weekend.

Kind Regards
Steve
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