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Steviet's Live Trades!

  • #2,141
  • Jul 11, 2007 6:06pm Jul 11, 2007 6:06pm
Steve,

I know at one point you changed the system you use. Did you ever post the new system? Can we find it anywhere??


thanks
generalz
  • #2,142
  • Jul 11, 2007 6:32pm Jul 11, 2007 6:32pm
Quoting generalz
Steve,

I know at one point you changed the system you use. Did you ever post the new system? Can we find it anywhere??


thanks
generalz
Hi generalz,

Yes, you are right - my original method of trading was reasonably successful but also suffered large drawdowns from time to time. The method had a low percentage win rate but wins tended to be far larger than the losing trades. The old method also left a lot of pips on the table where potential big winners reversed on me for a small profit or even a loss on occasion.

Since end of May, beginning of June I've been experimenting with various set ups but the trades tend to be of a discretionary nature so there is no rigid 'system' as such. My win rate for June was just under 70% and so far in July is 87.5%.

My risk per trade tends to be around the 1% mark, sometimes as high as 2% and I often lock in a small profit fairly quickly or even close a trade within a day. This means that most wins are in the 40-100 pip range unless I'm fortunate to hit on a big beakout where I'll lock in pips manually by moviing my stop loss to just under recent support or above recent resistence.

I'm finding I'm far more relaxed trading this way and spend much less time staring at the screen.

Kind Regards
Steve
  • #2,143
  • Jul 11, 2007 8:09pm Jul 11, 2007 8:09pm
Quoting steviet
Hi generalz,

Yes, you are right - my original method of trading was reasonably successful but also suffered large drawdowns from time to time. The method had a low percentage win rate but wins tended to be far larger than the losing trades. The old method also left a lot of pips on the table where potential big winners reversed on me for a small profit or even a loss on occasion.

Since end of May, beginning of June I've been experimenting with various set ups but the trades tend to be of a discretionary nature so there is no rigid 'system' as such. My win rate for June was just under 70% and so far in July is 87.5%.

My risk per trade tends to be around the 1% mark, sometimes as high as 2% and I often lock in a small profit fairly quickly or even close a trade within a day. This means that most wins are in the 40-100 pip range unless I'm fortunate to hit on a big beakout where I'll lock in pips manually by moviing my stop loss to just under recent support or above recent resistence.

I'm finding I'm far more relaxed trading this way and spend much less time staring at the screen.

Kind Regards
Steve


Keep up the good work, very impressive. You mentioned keeping a journal helped, maybe we should all give it a try. Making ourselves publicly accountable might be a psychological advantage...I love your casual approach: "OK I bit haha
EURAUD short from 1.5925 (s/l 1.6112)"
this is not as easy to do as seem you make it...

If you look at gambling forums, there is a number of people who give you their bets for the evening in plenty of time to tail them. AceAce is very well known for this. I know this not your point of posting your trades, but it is kind of you to share your winning ways. I find it helpful to compare what I think about your trades.

By the way, thanks for responding. I have followed this thread but never contributed. Some would of ignored my post.

thanks again

generalz
  • #2,144
  • Jul 12, 2007 1:03am Jul 12, 2007 1:03am
Quoting generalz
Keep up the good work, very impressive. You mentioned keeping a journal helped, maybe we should all give it a try. Making ourselves publicly accountable might be a psychological advantage...I love your casual approach: "OK I bit haha
EURAUD short from 1.5925 (s/l 1.6112)"
this is not as easy to do as seem you make it...

If you look at gambling forums, there is a number of people who give you their bets for the evening in plenty of time to tail them. AceAce is very well known for this. I know this not your point of posting your trades, but it is kind of you to share your winning ways. I find it helpful to compare what I think about your trades.

By the way, thanks for responding. I have followed this thread but never contributed. Some would of ignored my post.

thanks again

generalz
Hi generalz

No problems - I've certainly found keeping the journal has helped me although it can be difficult to post the losing trades lol. However, one of the first things I learned is that losers are all part of the business and we must accept them knowing that our particular set up gives us 'the edge' so long as we are consistent in our approach. The problems arise when we start doubting our particular method or set up and then hesitate to put on the trades.

The Aussie news overnight hasn't helped the EURAUD short but if the trade turns out to be a 'duffer' so be it. The stop losses I place initially are placed at a point where I believe I've made an incorrect call.

Hey, by the way, you should post more often

Kind Regards
Steve
  • #2,145
  • Jul 12, 2007 4:44pm Jul 12, 2007 4:44pm
OK, end of another day and all 3 trades running...

USDCAD short from 1.0542 (s/l now 1.0472 so 70 pips locked in)

EURAUD short from 1.5925 - currently plus 13 pips which is about as much as I've been in profit on this one since it was opened nearly 24 hours ago.

EURUSD short from 1.3744 - currently minus 43 pips. 1.3800 needs to hold and then there's a possibility we may be in business. Stop loss still at 1.3815.

Let's see...

Kind Regards
Steve
  • #2,146
  • Jul 13, 2007 1:10am Jul 13, 2007 1:10am
Moved stop loss on EURAUD short to 10 pips in profit before I went to sleep but unfortunately was stopped out. Looks like it has more downside potential but it's another winning trade

EURAUD short from 1.5925 stopped out at 1.5915 for +10

July pips + 504 (A/C bal increase +4.95%)

Kind Regards
Steve
  • #2,147
  • Jul 13, 2007 1:50am Jul 13, 2007 1:50am
OK, stop loss just hit on USDCAD short for another 70 pips

USDCAD short from 1.0542 stopped out at 1.0472 for +70

Remaining trade is EURUSD short from 1.3744 with s/l at 1.3815 risking 71 pips max.

July pips +574 (increase in a/c bal +5.64%)

Kind Regards
Steve
  • #2,148
  • Jul 13, 2007 2:00am Jul 13, 2007 2:00am
Quoting steviet
OK, stop loss just hit on USDCAD short for another 70 pips

USDCAD short from 1.0542 stopped out at 1.0472 for +70

Remaining trade is EURUSD short from 1.3744 with s/l at 1.3815 risking 71 pips max.

July pips +574 (increase in a/c bal +5.64%)

Kind Regards
Steve
hang in there stevie.....Eur is almost about to drop....

Breeze
  • #2,149
  • Jul 13, 2007 2:03am Jul 13, 2007 2:03am
Quoting Breeze
hang in there stevie.....Eur is almost about to drop....

Breeze
hehe, would be a nice way to finish the week - 1.3740 will be difficult to crack if it gets there but we'll see

Kind Regards
Steve
  • #2,150
  • Jul 13, 2007 2:09am Jul 13, 2007 2:09am
Quoting steviet
hehe, would be a nice way to finish the week - 1.3740 will be difficult to crack if it gets there but we'll see

Kind Regards
Steve
3740 is holding as support for now and not for long...bulls are getting weaker as they failed to break above 3813....it may not be an easy way down but its finally heading there....I'm also expecting the US data to come out strong.

Let the fireworks begin....!!!....my target on EUR is 3100 and GBP 9850 CHF 2600.

Breeze
  • #2,151
  • Jul 13, 2007 11:32am Jul 13, 2007 11:32am
hey man.
just wanted to say good job on the trades. i've been trading for a while now and made a lot of money but in the end, i got to greedy and started trading larger lots and lost it all

But im starting up again and so far the trades that u recommended are all good. Keep it up!
  • #2,152
  • Jul 13, 2007 12:30pm Jul 13, 2007 12:30pm
Quoting msheno01
hey man.
just wanted to say good job on the trades. i've been trading for a while now and made a lot of money but in the end, i got to greedy and started trading larger lots and lost it all

But im starting up again and so far the trades that u recommended are all good. Keep it up!
Hi,

Yes, I've had a pretty good month so far - 9 out of 10 closed trades turning out winners. I've so far been extremely lucky that my EURUSD is still open - the offer price came within 1 pip of stopping me out a few hours ago! Makes a change from being stopped out only for the price to bounce lol.

Still don't feel great about this trade but only 71 pips at risk which in the grand scheme of things is OK with me.

Money management is important to me - I aim to be around for a very long time

One final point - these are NOT recommendations but just a note of my trades as I take them.

Kind Regards
Steve
  • #2,153
  • Jul 13, 2007 3:53pm Jul 13, 2007 3:53pm
Hmm, that EURAUD stopped out for +10 pips would now have hit target at 1.5825 for 100 pips.

No regrets though, just interesting to see...

Have a great weekend all

Kind Regards
Steve
  • #2,154
  • Jul 16, 2007 5:56pm Jul 16, 2007 5:56pm
New trade....

USDCHF long from 1.2033 (s/l 1.1936)

Existing trade still on EURUSD short from 1.3744 (s/l 1.3815)

Kind Regards
Steve
  • #2,155
  • Jul 17, 2007 4:26pm Jul 17, 2007 4:26pm
OK, been a quiet week or so for trades but I'll just place them as I see an opportunity.

Current trades.....

EURUSD short from 1.3744 (s/l 1.3815) placed July 12th currently minus 41 pips

USDCHF long from 1.2033 (s/l 1.1936) placed July 16th currently minus 19 pips

New trade.....

EURAUD long from 1.5799 (s/l 1.5689)

Kind Regards
Steve
  • #2,156
  • Jul 18, 2007 1:36pm Jul 18, 2007 1:36pm
Hey Steve,

Have been following ur thread for some time...good calls..and hope u keep making good money.

Very harsh i guess that ur stop loss got hit on that Eur/Aud long with 1 pip( 1.5688 when ur stop loss was 1.5689) and then climbed all the way up .Sorry about that,Bud.
  • #2,157
  • Jul 18, 2007 3:34pm Jul 18, 2007 3:34pm
LOL, yup not been a great day with both EURUSD & EURAUD trades being stopped out for a total of 181 pips.

My little winning streak had to end at some point and today was one of those days.

Still in USDCHF long from 1.2033 currently minus 26 pips.

July total pips +393 (increase in a/c bal for july 3.92%)

Kind regards
Steve
  • #2,158
  • Jul 18, 2007 3:39pm Jul 18, 2007 3:39pm
Hey Steve,

I really miss the days when I used to log in everyday just to read your daily posts lol, just wanted to say hello & good luck my friend
Trade what you see, not what you think.
  • #2,159
  • Jul 18, 2007 3:44pm Jul 18, 2007 3:44pm
Quoting karmostaji
Hey Steve,

I really miss the days when I used to log in everyday just to read your daily posts lol, just wanted to say hello & good luck my friend
Hey my friend

I'm so sorry I haven't posted in your journal yet - I've been so busy but I am keeping an eye on you & you're doing great bro

Keep up the good work

Kind Regards
Steve
  • #2,160
  • Jul 18, 2007 4:59pm Jul 18, 2007 4:59pm
Quoting steviet
OK, stop loss just hit on USDCAD short for another 70 pips
USDCAD short from 1.0542 stopped out at 1.0472 for +70


(1.0522 - 1.04231 for me)

and
Quote

Remaining trade is EURUSD short from 1.3744 with s/l at 1.3815 risking 71 pips max.
was a bit more





It's short USD, short! Not long *g*


Don't believe the disbelievers!

GREAT job on last month's results!
Trust price. Know yourself.
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