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Steviet's Live Trades!

  • #1,761
  • May 10, 2007 4:29am May 10, 2007 4:29am
Quoting markt
Hi Steve,

Goodness me, these markets are all over the place. Not helping you at all, but I think your complimentary trades will do better now...

Happy trading!

mark
Cheers bro,

At least Man U won the title

These markets have to get out of this choppy periods surely - it's bcoming very difficult keeping the discipline but I'm still up - goodness knows how lol

Kind regards
Steve
  • #1,762
  • May 10, 2007 8:07am May 10, 2007 8:07am
Take it easy bro. I've also being losing alot this week. Hopefulling things will turn out better tomorrow.

cheers
amylase
  • #1,763
  • May 10, 2007 9:43am May 10, 2007 9:43am
Quoting amylase
Take it easy bro. I've also being losing alot this week. Hopefulling things will turn out better tomorrow.

cheers
amylase
LOL,

Thanks for your support

But.... read below - I ain't finished yet

Kind Regards
Steve
  • #1,764
  • May 10, 2007 10:06am May 10, 2007 10:06am
Where do I start - 2 complimentary trades stopped out - GBPUSD for minus 113 pips & NZDUSD for minus 62 pips.

This has to count as the single worst day in my fledgling trading career, although just speaking with turbo he's had a poor day too so at least I'm in good company.

The most annoying was the GBPJPY short stopped out for 105 pips earlier today - it only went up a couple more pips and would now be over 100 in profit.

The market has been very cruel today. So many positions were perfect if this happened yesterday but there you go - the most volatile market in the world and it proves it.

Kind Regards
Steve
  • #1,765
  • May 10, 2007 10:15am May 10, 2007 10:15am
Don't worry steve, this was my first losing week in 4 months (- 120 !!!) so everybody is having a hard time. In fact, just to give you an idea how pissed I am, I made 93 pips on GBPUSD (remember our pm?)and lost them all to GJ and UJ. What can be shi**ier in life?

Lets just hope we can make it up the rest of today and Friday. You need to love Friday, in my opinion
Virtue finds and chooses the mean. Aristotle, Ethica Nichomachea
  • #1,766
  • May 10, 2007 10:21am May 10, 2007 10:21am
Quoting steviet

The most annoying was the GBPJPY short stopped out for 105 pips earlier today - it only went up a couple more pips and would now be over 100 in profit.

The market has been very cruel today. So many positions were perfect if this happened yesterday but there you go - the most volatile market in the world and it proves it.

Kind Regards
Steve

Amen. I too was short GJ too when we dipped down, got stopped out on the way back up, and missed half of the run back down. What a crying shame.

And yes, some bad timing / bad days here, too.....David Bowie sings with me:

Oh no love! you're not alone
You're watching yourself but you're too unfair
You got your head all tangled up but if I could only make you care
Oh no love! you're not alone


With that I leave you humbly, your co-sufferer

SeekingLight
Trust price. Know yourself.
  • #1,767
  • May 10, 2007 10:31am May 10, 2007 10:31am
Thanks to you guys who are so supportive

Just remember, I'm testing this system with miniscule money for the full year so I can appreciate the full implication of drawdowns & days like this. Just so those of you who don't know, I'm about 400 pips down today (eek) but that equates to around $6 or $7 of my $175 account

I know I'm in good company today with other traders also having one of those days.

By the way, if anyone wants to know when it's safe to go long again on GBPUSD, it will be just after 10 pm tonight (gmt) when I enter my short
  • #1,768
  • May 10, 2007 11:08am May 10, 2007 11:08am
Quoting steviet
Thanks to you guys who are so supportive

By the way, if anyone wants to know when it's safe to go long again on GBPUSD, it will be just after 10 pm tonight (gmt) when I enter my short
Steve, your stealing my thunder bro...that's my line...LOL!

Keep the sence of humour.

Cheers,
NP
  • #1,769
  • May 10, 2007 11:14am May 10, 2007 11:14am
Quoting Northpro
Steve, your stealing my thunder bro...that's my line...LOL!

Keep the sence of humour.

Cheers,
NP
Hehe,

Just couldn't help it - the perverse thing is if these moves happened yesterday I'd be just as many pips up - obviously way ahead of the times lol.

The other thing I'm seriously considering is a signal service for the days highs & lows on various pairs. Actually all you'd need to do is check my s/l and add a pip or two

Well tomorrow's another day so let's see what the market throws at us lol

Kind Regards
Steve
  • #1,770
  • May 10, 2007 12:23pm May 10, 2007 12:23pm
  •  markt
  • | Joined Jan 2007 | Status: Would be... Full time trader | 88 Posts
Hi Steve,

I was having a bad day too, but made it all back from 5pm this afternoon. It all went mad!
Hope you benefited too there somewhere!
  • #1,771
  • Edited 1:29pm May 10, 2007 1:17pm | Edited 1:29pm
Quoting markt
Hi Steve,

I was having a bad day too, but made it all back from 5pm this afternoon. It all went mad!
Hope you benefited too there somewhere!
Cool Mark

I didn't get in much before 6 and by then that little mad session was over. As you know my main trades I don't enter until 10pm so I'm sitting & waiting.

However, I can open my complimentary trades when I like so I've entered 3 just a few minutes ago and am up about 30 pips so far (details in the next post). Makes a nice change - normally the second you enter the market moves against you lol - or is it just me haha.

Edit 9.27pm - someone's just eaten those 30 pips - now at where I entered - it was nice while it lasted lol

Kind Regards
Steve
  • #1,772
  • May 10, 2007 1:31pm May 10, 2007 1:31pm
  •  markt
  • | Joined Jan 2007 | Status: Would be... Full time trader | 88 Posts
Hey, u sure u can't bring back usd/cad... could be a great long term buy for a while now...

a better day tomorrow we all hope! can't wait!
  • #1,773
  • May 10, 2007 1:46pm May 10, 2007 1:46pm
Quoting steviet
Hehe,

Just couldn't help it - the perverse thing is if these moves happened yesterday I'd be just as many pips up - obviously way ahead of the times lol.

The other thing I'm seriously considering is a signal service for the days highs & lows on various pairs. Actually all you'd need to do is check my s/l and add a pip or two

Well tomorrow's another day so let's see what the market throws at us lol

Kind Regards
Steve
LOL, well at least you have the sense of humor going strong. Funny thing is that when we happen to be on opposite position trades we still BOTH manage to lose money. Beats me, mate. Imagine if we agree on a trade? That would be a true disaster. Maybe we can tag team on that signal service of yours, give them extra "assurance".

I'm with you on the cable short for now. Aren't you just glad?
Virtue finds and chooses the mean. Aristotle, Ethica Nichomachea
  • #1,774
  • May 10, 2007 1:48pm May 10, 2007 1:48pm
Quoting markt
Hey, u sure u can't bring back usd/cad... could be a great long term buy for a while now...

a better day tomorrow we all hope! can't wait!
Yup, it just proves to me what I knew deep down - on my backtesting a vast proportion of the yearly pip profit would come from one or two big moves like we've seen on USDCAD over a year. The rest of the time its a case of grabbing what you can in smaller ranges and no being hit too hard when it's choppy.

I was looking for an average of 1000 pips over a year on each pair which was maybe too much but then again maybe not....

Over the first 5 months on USDCAD, I just about broke even - not very impressive you may say. However, since April we've seen the massive move and the 6th month I would have made in excess of 500 pips on the main trade system. If that happens twice in a year there's your 1000 pips.

The hard part is the 10 months when you're fighting 'putting out fires' and instead of looking at the big picture you can get caught in the moment, especially on days like these and poor overall months.

All I can do if I want to trade this way is to look at it over a much longer period of time. GBPUSD has been the best performer and even with the poor results of the last 6 weeks, I've picked up over 700 pips on this pair. GBPJPY has started promisingly too with 378 pips over the last 2 and a bit months.

The most disappointing pairs so far have been my two new ones - AUDUSD & NZDUSD but maybe that's not so surprising as I started trading them as they topped out of their big runs upwards. Since then they've been choppy as hell and I've paid for it big time.

This is why the complimentary system has been brought in to assist - so far the jury is out but I'll get there by hook or crook lol.

I've had a bad day - time to dust myself off & get back in the saddle.

Cheers bro
Steve
  • #1,775
  • May 10, 2007 1:52pm May 10, 2007 1:52pm
Quoting Plutonite
LOL, well at least you have the sense of humor going strong. Funny thing is that when we happen to be on opposite position trades we still BOTH manage to lose money. Beats me, mate. Imagine if we agree on a trade? That would be a true disaster. Maybe we can tag team on that signal service of yours, give them extra "assurance".

I'm with you on the cable short for now. Aren't you just glad?
LOL,

I think the sense of humour has to stay or we'd go completely insane - we get good days & we get bad days (today was just bloody awful ) but as long as we end up in profit then we're doing what many traders are unable to.

I'm learning loads from people who have been through what I'm going through so I try and take it in my stride (difficult at times), knowing I'll get through sticky patches and come out the other side.

You never know, by the end of this month, today may be completely forgotten such is the fickleness of this business.

Cheers for the post bro
Steve
  • #1,776
  • May 10, 2007 2:17pm May 10, 2007 2:17pm
OK, deep breath - off we go again...

One existing main trade still running

AUDUSD long from 0.8291 (s/l 0.8251)

New main trades...

GBPUSD short from 1.9795 (s/l 1.9978)
GBPJPY short from 237.32 (s/l 239.99)
USDJPY short from 119.87 (s/l 120.67)
NZDUSD short from 0.7274 (s/l 0.7371)

Two existing complimentary trade still running...

AUDUSD long from 0.8291 (s/l 0.8151)
USDJPY short from 120.06 (s/l 120.67)

New complimentary trades...

GBPUSD short from 1.9793 (s/l 2.0019)
GBPJPY short from 237.45 (s/l 239.99)
NZDUSD short from 0.7286 (s/l 0.7377)

So, all trades are on & stop losses set & it's now time to make a cup of tea and chill out. It's been one of those days that if you were on the right side of trades would have been a belter - unfortunately I was not haha.

Have a good one peeps

Kind regards
Steve
  • #1,777
  • May 10, 2007 2:35pm May 10, 2007 2:35pm
As I suspected, AUDUSD long main trade from a couple of days ago didn't last long - minus 40 pips.

Have taken a short at 0.8253 with s/l at 0.8350.
  • #1,778
  • May 10, 2007 4:18pm May 10, 2007 4:18pm
Well, time for a bit of shuteye here - in the 2 hours since I put on my new trades they collectively reached nearly 200 pips in profit.

In the last 40 minutes or so we are back where we started so it's anyone's guess what I'll wake up to let alone where the market will be at close tomorrow!

A repeat of the carry trade unwinding of late February is a possibility and if something similar comes about we should see some hefty profits. Come on Asia, buy the yen - you know it makes sense

Until tomorrow....

Kind regards
Steve
  • #1,779
  • May 11, 2007 6:43am May 11, 2007 6:43am
  •  markt
  • | Joined Jan 2007 | Status: Would be... Full time trader | 88 Posts
That USD/CAD is having a great run...! Selective trading from a group of pairs is best I think! consider it!
  • #1,780
  • May 11, 2007 9:34am May 11, 2007 9:34am
Well, what a surprise - all positions reverse today and I'm currently 500 pips or so down on open trades

After two hours last night after placing orders I was around two hundred pips up and even at lunchtime I was doing OK, slightly in profit.

GBPJPY was up nearly 200 pips over two trades earlier today and now is down around 170.

If these close out at these levels, I'll be at my lowest level ever.

I'm not giving up altough sometimes I feel like it - now, will Monday bring continuation of today's moves or reverse back to where we were last night?

One thing's for sure, whicheve way I place the trades please do the opposite lol.

I may post the details later but to be quite frank I don't know if I could be arsed

This is the first time in six months I've been in this position and it hurts - it feels like six months hard work gone down the drain.

Kind Regards
Steve
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