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Steviet's Live Trades!

  • #2,061
  • Jun 21, 2007 6:28am Jun 21, 2007 6:28am
OK, turning into a bit of a crappy day....

USDCHF short from 1.2419 taken out on 17th June stopped out at 1.2404 earlier today for plus 15 pips.

June pips now plus 486

Kind Regards
Steve
  • #2,062
  • Jun 21, 2007 3:17pm Jun 21, 2007 3:17pm
Well, USDCAD is about to close above it's falling trendline since late March on both the daily and weekly charts.

I have therefore opened the following medium to long term trades...

USDCAD long from 1.0740 (initial s/l 1.0580)
USDCAD long from 1.0742 (initial s/l 1.0499)

Kind Regards
Steve
Attached Image
  • #2,063
  • Jun 21, 2007 3:49pm Jun 21, 2007 3:49pm
Quoting steviet
USDCAD long from 1.0740 (initial s/l 1.0580)
USDCAD long from 1.0742 (initial s/l 1.0499)

Kind Regards
Steve
just added more longs @ .0740 as well. looks risky. but what the hell.
let's see how it goes.
BAM BAM BOOM! -bravado
  • #2,064
  • Jun 21, 2007 6:04pm Jun 21, 2007 6:04pm
Quoting steviet
Well, USDCAD is about to close above it's falling trendline since late March on both the daily and weekly charts.

I have therefore opened the following medium to long term trades...

USDCAD long from 1.0740 (initial s/l 1.0580)
USDCAD long from 1.0742 (initial s/l 1.0499)

Kind Regards
Steve
I like this trade potential, I am waiting for 1.080 or so thinking this might range for a while?..I use a 62 and a 204 EMA, if they both are below the trend I buy, if above I sell. Needs to get above the 204 EMA.

best of luck
generalz
  • #2,065
  • Jun 21, 2007 6:14pm Jun 21, 2007 6:14pm
Quoting generalz
I like this trade potential, I am waiting for 1.080 or so thinking this might range for a while?..I use a 62 and a 204 EMA, if they both are below the trend I buy, if above I sell. Needs to get above the 204 EMA.

best of luck
generalz
Thanks generalz,

Yes, it may well do for a while - I'm trying to look at trades that I may hold for a period of anything from a few days to possibly months. Now it's closed above that falling trendline we may get a period of consolidation. All part of the learning process for me.

Kind Regards
Steve
  • #2,066
  • Jun 21, 2007 6:47pm Jun 21, 2007 6:47pm
Hi Steve

I like your thoughts on USD/CAD except for that pesky channel it's made over the last little while... makes me think it might just continue in the channel first... probably stop you out maybe... I don't trust it... haven't trusted the CAD for a while now...

Let me know... I could just go SHORT here... then price will jump up right away and give you some profit... !!! ( But we share the profits eh !!! )
  • #2,067
  • Jun 22, 2007 8:45am Jun 22, 2007 8:45am
Quoting Tiki Trader
Hi Steve

I like your thoughts on USD/CAD except for that pesky channel it's made over the last little while... makes me think it might just continue in the channel first... probably stop you out maybe... I don't trust it... haven't trusted the CAD for a while now...

Let me know... I could just go SHORT here... then price will jump up right away and give you some profit... !!! ( But we share the profits eh !!! )
I took a short @ 1.0710 stop 1.0740 target 1.0680
  • #2,068
  • Jun 22, 2007 8:59am Jun 22, 2007 8:59am
Quoting bravado
just added more longs @ .0740 as well. looks risky. but what the hell.
let's see how it goes.
took profit of all the longs below .0650 earlier @ .0720.
.0740 trade exited at the same time for -20 pips.

entered a single position long @ .0725.

original sl was way below but decided to pull my single position @ .0690 for -35 pips.

no position held for this pair atm.

http://www.imagefreehost.com/files/2...1410065408.jpg

currently usdcad back @ 0700.

bulls are fighting hard despite weakening of dollar today across board.
BAM BAM BOOM! -bravado
  • #2,069
  • Jun 22, 2007 11:39am Jun 22, 2007 11:39am
Well, I'm so pleased you all made some pips at my expense

I seem to enter trades 2 days early & exit 2 days early as well. Sheesh, look at USDCHF now after my short got stopped out a couple of days ago at over 1.2400.

Oh well, still nearly 500 pips closed trades for the month and I believe with the stops at sensible levels I will come out on top more times than not.

Kind Regards
Steve
  • #2,070
  • Jun 22, 2007 1:42pm Jun 22, 2007 1:42pm
Quoting steviet
Well, I'm so pleased you all made some pips at my expense

I seem to enter trades 2 days early & exit 2 days early as well. Sheesh, look at USDCHF now after my short got stopped out a couple of days ago at over 1.2400.

Oh well, still nearly 500 pips closed trades for the month and I believe with the stops at sensible levels I will come out on top more times than not.

Kind Regards
Steve
There you have it! My trading improved dramatically once I learned where to place my stops. Although I still make a mistake sometimes (GBP/USD hit my misplaced stop Thur for +140, not bad but missed alot o pips)
  • #2,071
  • Jun 22, 2007 4:46pm Jun 22, 2007 4:46pm
All in all it's been a pretty quiet week - have lost 146 pips on closed trades in the week making my June total plus 486.

Trade update....

EURAUD long from 1.5906 (s/l 1.5736) currently minus 12 pips.

This trade was opened on Monday following what I considered a possible reversal on the weekly charts. Since I opened the trade it made it's way lower to test the lows of last week before bouncing up around 100 pips today.

EURUSD long from 1.3410 (s/l 1.3261) currently plus 58 pips.

This trade was also opened on Monday following last weeks doji (pin bar) on the weekly charts. Been a real slow burner but finally pushed through 1.3440 today.

USDCAD long from 1.0740 (s/l 1.0580) off daily charts currently minus 62 pips
USDCAD long from 1.0742 (s/l 1.0499) off weekly currently minus 64 pips

These trades worry me somewhat after what appeared to be a clear break of the falling daily trendline yesterday. So far 1.0660 support has held and we shall see what this pair has in store next week. On my platform the starting price for the week was 1.0669 and closed 18 pips higher at 1.0687. Has it finally bottomed out? Time will tell....

Have a great weekend one & all!

Kind Regards
Steve
  • #2,072
  • Jun 23, 2007 2:44pm Jun 23, 2007 2:44pm
Hey Stevie!

Don't worry about those USDCAD, hopefully up next week, there is a positively upward short term trend now, lots of higher highs and all that.

But what can we do, it's the god forsaken housewives in Tokyo causing us all our pains. Who led them onto the currency markets, that's what I wanna know. It's simple: put on makeup, make dinner, be nice to poor old japanese husband working 24/7 with no weekly holiday (it's true), feed the kids.. why mess with our lovely charts, our beautiful, sensitive charts? If we can't have a mistress, can't we at least have a chart?

What's that, I'm being sexist you say? I'm not *sniff* I just want my super-duper profits back you insensitive clods! Fukui had better do something about these women before next monday or I'm gonna stay out until they go away. Idiots.


Good luck mate



Quoting steviet
All in all it's been a pretty quiet week - have lost 146 pips on closed trades in the week making my June total plus 486.

Trade update....

EURAUD long from 1.5906 (s/l 1.5736) currently minus 12 pips.

This trade was opened on Monday following what I considered a possible reversal on the weekly charts. Since I opened the trade it made it's way lower to test the lows of last week before bouncing up around 100 pips today.

EURUSD long from 1.3410 (s/l 1.3261) currently plus 58 pips.

This trade was also opened on Monday following last weeks doji (pin bar) on the weekly charts. Been a real slow burner but finally pushed through 1.3440 today.

USDCAD long from 1.0740 (s/l 1.0580) off daily charts currently minus 62 pips
USDCAD long from 1.0742 (s/l 1.0499) off weekly currently minus 64 pips

These trades worry me somewhat after what appeared to be a clear break of the falling daily trendline yesterday. So far 1.0660 support has held and we shall see what this pair has in store next week. On my platform the starting price for the week was 1.0669 and closed 18 pips higher at 1.0687. Has it finally bottomed out? Time will tell....

Have a great weekend one & all!

Kind Regards
Steve
Virtue finds and chooses the mean. Aristotle, Ethica Nichomachea
  • #2,073
  • Jun 25, 2007 11:32am Jun 25, 2007 11:32am
Quoting Plutonite
Hey Stevie!

Don't worry about those USDCAD, hopefully up next week, there is a positively upward short term trend now, lots of higher highs and all that.

But what can we do, it's the god forsaken housewives in Tokyo causing us all our pains. Who led them onto the currency markets, that's what I wanna know. It's simple: put on makeup, make dinner, be nice to poor old japanese husband working 24/7 with no weekly holiday (it's true), feed the kids.. why mess with our lovely charts, our beautiful, sensitive charts? If we can't have a mistress, can't we at least have a chart?

What's that, I'm being sexist you say? I'm not *sniff* I just want my super-duper profits back you insensitive clods! Fukui had better do something about these women before next monday or I'm gonna stay out until they go away. Idiots.


Good luck mate


Thanks bro - you too!

Kind regards
Steve
  • #2,074
  • Jun 25, 2007 11:36am Jun 25, 2007 11:36am
OK, not been around much for a while...

New trades opened at Sunday open...

GBPCHF short off the weekly chart from 2.4554 (initial s/l 2.4798)

USDJPY short off the daily chart from 123.65 (initial s/l 124.64)

Six trades are currently open.

Kind Regards
Steve
  • #2,075
  • Jun 25, 2007 10:03pm Jun 25, 2007 10:03pm
hey steviet, got a question for you. im sure this has happened to you, and wanted your opinion on it. i shorted the g/y and im making some money when it retraced back to my breakeven point. what do you do then as i saw a big amount of profit? does deciplen still kick in or take the profit and let it retrace back and when it does short it again? it was tough call for me but ended up just letting it ride the roller coaster. now im up some but not like it was. lets just say it was close to a thousand dollars. damn it broke my heart to see it back up when i could of closed it for some big profit. so i just let my deciplen take over. just wanted to know what your take is on this situaion.

pips ahoy
  • #2,076
  • Jun 26, 2007 12:56am Jun 26, 2007 12:56am
Quoting treadline
hey steviet, got a question for you. im sure this has happened to you, and wanted your opinion on it. i shorted the g/y and im making some money when it retraced back to my breakeven point. what do you do then as i saw a big amount of profit? does deciplen still kick in or take the profit and let it retrace back and when it does short it again? it was tough call for me but ended up just letting it ride the roller coaster. now im up some but not like it was. lets just say it was close to a thousand dollars. damn it broke my heart to see it back up when i could of closed it for some big profit. so i just let my deciplen take over. just wanted to know what your take is on this situaion.

pips ahoy

Hi,

Great question! Unfortunately there is no right answer to this one - I'm sure we've all seen a good profit being eroded away and it's up to the individual how they play it. I actually find it more difficult than when I am just outright wrong lol.

Some will employ a target (t/p), some use a trailing stop, some will close the position manually and wait for a new entry signal. Others may be looking at a longer term strategy and this is where patience and discipline come into play.

The important thing (at least for me) is to have plan that you strictly adhere to, otherwise it's so east to panic. I've manually closed down a position during a retrace, only to find the market then reverses back in what would have been in my favour. Similarly, I've wished I'd closed a position manually as it just continues against me. There really is no right answer - trading can be extremely frustrating - it's how you deal with it that counts.

Good luck wit your trading!

Kind Regards
Steve
  • #2,077
  • Jun 26, 2007 3:24am Jun 26, 2007 3:24am
Love your thread!
Thanks for sharing your journal with us
  • #2,078
  • Jun 26, 2007 3:34pm Jun 26, 2007 3:34pm
Quoting bellefemme
Love your thread!
Thanks for sharing your journal with us
Thanks bellefemme

Kind Regards
Steve
  • #2,079
  • Jun 26, 2007 4:24pm Jun 26, 2007 4:24pm
Quoting steviet
Thanks bellefemme

Kind Regards
Steve
Hm, maybe if I finally put in a nice Avatar I'd get some cute girl fans, too

Congrats on the USDJPY and here's hoping we'll finally trigger that pesky GBPCHF weekly for good....would hate to see it become a fake.

Keep up the great work and hope we won't be sitting on PINS and needles long

Trust price. Know yourself.
  • #2,080
  • Jun 26, 2007 4:45pm Jun 26, 2007 4:45pm
Quoting SeekingLight
Hm, maybe if I finally put in a nice Avatar I'd get some cute girl fans, too

Congrats on the USDJPY and here's hoping we'll finally trigger that pesky GBPCHF weekly for good....would hate to see it become a fake.

Keep up the great work and hope we won't be sitting on PINS and needles long

- how you doing bro?

Yup,

Patience has been the key this week - of my 6 open trades (some of which open over a week), I'm up a grand total of 15 pips as I write this

Waiting for a few breakouts on my pairs and may see some good pips by the end of the week. What I do like about how I'm trading now is that I can now ride the trades through choppy periods instead of getting whipsawed day after day.

The GBPCHF is just dying to break the 2.4500 level and if it goes we should see a nice move down. USDJPY currently plus 45 pips - not so confident on this one as the market seems undecided as to whether it's time for a major correction on the yen.

Let's see how this pans out...

Kind Regards
Steve
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