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Steviet's Live Trades!

  • #2,341
  • Aug 20, 2007 10:19am Aug 20, 2007 10:19am
Steve,

I have followed your system since august of last year until the first couple of months in this year and I understand you have made some changes to your system which you call you "new" system, which post describes your "new" system I'm having a hard time to find the changes.

Keep up the good work!!

Thanks,
Eric
  • #2,342
  • Aug 20, 2007 11:34am Aug 20, 2007 11:34am
Quoting markt
Lets all face it! A "pro trader" has been born!

he he

mark

LOL, don't know about that bro but certainly know a lot more than this time last year...still learning...

Kind Regards
Steve
  • #2,343
  • Aug 20, 2007 11:42am Aug 20, 2007 11:42am
Quoting drlc01
Steve,

I have followed your system since august of last year until the first couple of months in this year and I understand you have made some changes to your system which you call you "new" system, which post describes your "new" system I'm having a hard time to find the changes.

Keep up the good work!!

Thanks,
Eric
Hi Eric,

Sorry about any confusion - up until the end of May I was rigidly following my method which had been very successful up to April. However, being in the market all the time made the method susceptable to bigger drawdowns than I would like, especially during choppy periods.

From June I've been picking trades much more carefully (well, most of the time hehe) and have had 3 very successful months. If I don't want to be in the market I stay out. The methods I use are based on price action, trendlines, support & resistance & candlestick formations. It's not easy to define my methods much more than that - generally I just look at each pair for a minute or so at the end of each day (end of NY session).

If there are any likely set ups on any pairs I'll take a closer look and may decide to take the trade. If there are no likely set ups I stay out.

As usual, I've had a few hicups along the way but no method is fallible and I'm certainly not lol.

Hope this helps a little - I know it sounds a bit wishy washy but it seems to work for me.

Kind Regards
Steve
  • #2,344
  • Aug 20, 2007 12:41pm Aug 20, 2007 12:41pm
So the method is basically the same, regarding following the trade and Stoploss setting, etc. he only thing changes is the entry, you do some more analysis before entering the trade and you use the traditional methods for this, is this correct?

Thanks,
Eric


Quoting steviet
Hi Eric,

Sorry about any confusion - up until the end of May I was rigidly following my method which had been very successful up to April. However, being in the market all the time made the method susceptable to bigger drawdowns than I would like, especially during choppy periods.

From June I've been picking trades much more carefully (well, most of the time hehe) and have had 3 very successful months. If I don't want to be in the market I stay out. The methods I use are based on price action, trendlines, support & resistance & candlestick formations. It's not easy to define my methods much more than that - generally I just look at each pair for a minute or so at the end of each day (end of NY session).

If there are any likely set ups on any pairs I'll take a closer look and may decide to take the trade. If there are no likely set ups I stay out.

As usual, I've had a few hicups along the way but no method is fallible and I'm certainly not lol.

Hope this helps a little - I know it sounds a bit wishy washy but it seems to work for me.


Kind Regards
Steve
  • #2,345
  • Aug 20, 2007 1:39pm Aug 20, 2007 1:39pm
Quoting drlc01
So the method is basically the same, regarding following the trade and Stoploss setting, etc. he only thing changes is the entry, you do some more analysis before entering the trade and you use the traditional methods for this, is this correct?

Thanks,
Eric
Hi again Eric,

The only real similarity on the majority of the trades I enter is the initial stop loss and the risk per trade. Now I tend to lock in a profit fairly early which means I don't get the big pips that often but does mean my profitable trade % is much much higher.

For example, this month over 90% of trades have been successful - this month has been exceptional. Last month was just above 70% which I'd be happy as an average.

Of course I still make mistakes (who doesn't lol) and some trades will go against me but I'm much more relaxed about these sort of things. It's the nature of the beast that is trading and the sooner we recognise it the better.

Kind Regards
Steve
  • #2,346
  • Aug 20, 2007 4:02pm Aug 20, 2007 4:02pm
OK, no trades on at the moment - nothing on the daily's are really standing out so I'll take the day off and see where we are this time tomorrow.

Kind Regards
Steve
  • #2,347
  • Aug 21, 2007 3:48pm Aug 21, 2007 3:48pm
Two new trades just taken....

USDCHF long from 1.2064 (s/l 1.1983, t/p 1.2200)
AUDCAD long from 0.8524 (s/l 0.8418, t/p 0.8630)

Kind Regards
Steve
  • #2,348
  • Aug 21, 2007 4:37pm Aug 21, 2007 4:37pm
Quoting steviet
Two new trades just taken....

USDCHF long from 1.2064 (s/l 1.1983, t/p 1.2200)
AUDCAD long from 0.8524 (s/l 0.8418, t/p 0.8630)

Kind Regards
Steve

ahhh that why my USDCHF missed its target you where buying the othe way lol...
  • #2,349
  • Aug 21, 2007 5:20pm Aug 21, 2007 5:20pm
can you post a report from november to yesterday?


Thank you

Quoting steviet
Two new trades just taken....

USDCHF long from 1.2064 (s/l 1.1983, t/p 1.2200)
AUDCAD long from 0.8524 (s/l 0.8418, t/p 0.8630)

Kind Regards
Steve
Financial Freedom
  • #2,350
  • Aug 21, 2007 6:09pm Aug 21, 2007 6:09pm
Quoting adelmonora
can you post a report from november to yesterday?


Thank you
don't you think your asking for a little much?

The report is already here, all 2000+ posts
  • #2,351
  • Aug 21, 2007 6:13pm Aug 21, 2007 6:13pm
Quoting adelmonora
can you post a report from november to yesterday?


Thank you
I would doubt a copy of his trading report is any of our business... LOL
  • #2,352
  • Aug 21, 2007 6:17pm Aug 21, 2007 6:17pm
Thanks guys

Anyways, I'm off for some beauty sleep in a mo & boy do I need it

Kind Regards
Steve
  • #2,353
  • Aug 21, 2007 6:26pm Aug 21, 2007 6:26pm
Ok steve... I have decided to follow you on your chf trade... no doubt I have now ruined it for both of us and it will start tanking in the next 5 minutes or so !!!
Attached Image
  • #2,354
  • Aug 21, 2007 6:29pm Aug 21, 2007 6:29pm
Quoting Tiki Trader
Ok steve... I have decided to follow you on your chf trade... no doubt I have now ruined it for both of us and it will start tanking in the next 5 minutes or so !!!
Hey there Tiki

I will obviously now be holding you solely responsible if it does tank :

Hope you & yours are well

Kind regards
Steve
  • #2,355
  • Aug 21, 2007 7:03pm Aug 21, 2007 7:03pm
If you only knew how many other peoples losses I am already responsible for !!!

Even they themselves don't know !!
  • #2,356
  • Aug 22, 2007 3:44am Aug 22, 2007 3:44am
i only ask the final result of each month.



Quoting turbokaos
don't you think your asking for a little much?

The report is already here, all 2000+ posts
Financial Freedom
  • #2,357
  • Aug 22, 2007 11:29am Aug 22, 2007 11:29am
Well, my USDCHF was about 20 pips up when I checked at lunchtime but EURUSD had also breached 1.3500 which wasn't a good sign at least short term.

I therefore moved stop loss to +10 and although it moved up further briefly that's where I got stopped out.

I've also locked in a minimum of 10 pips (currently +22) on the AUDCAD trade - today has been painfully slow on these pairs.

August pips: + 1542

Kind Regards
Steve
  • #2,358
  • Aug 22, 2007 11:41am Aug 22, 2007 11:41am
OK, AUDCAD stopped out for 10 pips too.

Aug pips: + 1552

Kind Regards
Steve
  • #2,359
  • Aug 22, 2007 3:53pm Aug 22, 2007 3:53pm
New trade (probably short term)

GBPJPY short from 229.79 (s/l 230.30)

Kind Regards
Steve
  • #2,360
  • Aug 22, 2007 4:23pm Aug 22, 2007 4:23pm
Ahhhh, steviet's messing with the beast! haha you wouldn't have happened to make that trade because of the resistance at 230.50 area, would you? That is really the only thing that I could see for this to hold down instead of skyrocketing upwards. I actually think we trade a lot alike( Price action, s/r, trendlines). For some odd reason, you are just the man though!
I dream, therefore I become.
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