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Attachments: Steviet's Live Trades!
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Steviet's Live Trades!

Quoting drick008
Trading in demo and got stop out today:


12/8/2006 - 12/19/2006

Short GBP/USD Open 1.9528 Stop 1.9562 -34 pips

Short EUR/USD Open 1.3200 Stop 1.3128 +72 pips

Long USD/CHF Open 1.2048 Stop 1.2209 +161 pips

Net +199 pips

Looks good so far and entering positions tomorrow afternoon...U.S. closing.

Regards,
Rick
Cool Rick

Great when it works

Kind Regards
Steve
emm hello steviet`s..mr perfect.. ..please advice me ..where must i put my sl ...tommorow .. i was buy at 1.9515 ..sl 1.9423.. i want put it at 1.9464..but huh .. not have profit if it down n touch it ..now i got 180 pips.. help me .. .
Hey Stevie,

Looks like this pair worked out pretty nice... Hopefully it will break the 23.6 fibo
regards
Quoting MAKANFOREX
emm hello steviet`s..mr perfect.. ..please advice me ..where must i put my sl ...tommorow .. i was buy at 1.9515 ..sl 1.9423.. i want put it at 1.9464..but huh .. not have profit if it down n touch it ..now i got 180 pips.. help me .. .
Mr perfect? I don't think so!

OK, my system I will be taking a long at 10pm on GU - my stop loss for the day will be way down at 1.9456 for the first day. I know this is nearly 200 pips from the current price but I only use a tiny margin so if it does happen to reverse, I won't lose sleep over it.

If you are already long from 1.9515, great trade but you need to make your own decision here on placing your stop loss - this is just my journal and nothing else - I will not give recommendations.

Best of luck & kind regards
Steve
Quoting milan47
Hey Stevie,

Looks like this pair worked out pretty nice... Hopefully it will break the 23.6 fibo
regards
Yes, took a dive just as I was hoping - stop loss tonight will still be a few pips from break even but hopefully be able to lock in some pips this time tomorrow.

Kind Regards
Steve
OK, new trades are now on to add to UJ and UCAD.....

USDCHF short from 1.2139 (s/l at 1.2242 guarantees minus 103 pips)
GBPUSD long from 1.9696 (s/l at 1.9456 guarantees minus 240 pips)
EURUSD long from 1.3196 (s/l at 1.3073 guarantees minus 123 pips)
USDCAD short from 1.1576 (s/l at 1.1590 guarantees minus 14 pips)
USDJPY long from 116.44 (s/l at 117.70 guarantees plus 126 pips)

Today saw the biggest range in GU for quite some time, hence the initial s/l. Worst case scenario on these trades would be a loss of 354 pips but we should be able to tighten them somewhat tomorrow.

Kind Regards
Steve
Quoting steviet
OK, new trades are now on to add to UJ and UCAD.....

USDCHF short from 1.2139 (s/l at 1.2242 guarantees minus 103 pips)
GBPUSD long from 1.9696 (s/l at 1.9456 guarantees minus 240 pips)
EURUSD long from 1.3196 (s/l at 1.3073 guarantees minus 123 pips)
USDCAD short from 1.1576 (s/l at 1.1590 guarantees minus 14 pips)
USDJPY long from 116.44 (s/l at 117.70 guarantees plus 126 pips)

Today saw the biggest range in GU for quite some time, hence the initial s/l. Worst case scenario on these trades would be a loss of 354 pips but we should be able to tighten them somewhat tomorrow.

Kind Regards
Steve
G/U- s/l at 1.9456? Today's low only 1.9687 so the s/l should be at 1.9677 right? Why you set the s/l so high?

Best Regards
Zenith
Should be yesterday's low..

I show that on FXDD as 1.9463
Don Life is expensive, but includes a free trip around the sun.
hey setviet do u think that the usdjpy will soon reverse?
Quoting nikim
hey setviet do u think that the usdjpy will soon reverse?
It may but yen is so weak at the moment - have been in this trade for over a week now and locked in well over 100 pips.

My theory is that less thinking equals more profit .

Kind Regards
Steve
Quoting traderone
Should be yesterday's low..

I show that on FXDD as 1.9463
That's right, I set my s/l to 10 pips off the previous day's low/high

Kind Regards
Steve
Quoting steviet
Yes, took a dive just as I was hoping - stop loss tonight will still be a few pips from break even but hopefully be able to lock in some pips this time tomorrow.

Kind Regards
Steve
Chickened out this morning. Out with 120 pips at the 50.0 fib line. Tomorrow is Canadian GDP and retail sales... I guess 120 pips today is better than spending the whole day tomorrow throwing up. On the other hand it could dive to the 61.8 fib.
I think your system is great, the initial entries are crucial.
I use mostly the candle patterns, but waiting for their confirmation together with fib lines and S/R. The 12 months experiment is great, because the losses and gains could be significant, namely the losses in the consolidation period.
Thanks for sharing the system
Regards
Attached Image
Quoting milan47
Chickened out this morning. Out with 120 pips at the 50.0 fib line. Tomorrow is Canadian GDP and retail sales... I guess 120 pips today is better than spending the whole day tomorrow throwing up. On the other hand it could dive to the 61.8 fib.
I think your system is great, the initial entries are crucial.
I use mostly the candle patterns, but waiting for their confirmation together with fib lines and S/R. The 12 months experiment is great, because the losses and gains could be significant, namely the losses in the consolidation period.
Thanks for sharing the system
Regards
Well done!

I'm all for people playing around with the system & personalising it - I'll keep going with the test to see how it plays out over the full year.

As I'm out most of the London & US sessions I have to trade this way on daily's but things are looking great so far

Kind regards
Steve
Hi Steviet,

I like the simplicity of your method and have been going back over the charts from mid november to see how I go. I've compared my trades with what you have posted and have some differences which will happen.

I've gone over things quite a few times but I'm not able to understand your decision to go short on eur and gbp and long on chf on the 13th of Dec. My entries were all in the opposite direction.

I'm obviously missing something in the understanding of your entries so was wondering if you would be able to you explain your reasoning for these trades so I can understand better.

Thank you
OK, a quick update on my positions - all 5 trades still open.......

USDCHF short from 1.2139 (s/l at 1.2203 guarantees minus 64 pips)
GBPUSD long from 1.9696 (s/l at 1.9608 guarantees minus 88 pips)
EURUSD long from 1.3196 (s/l at 1.3150 guarantees minus 46 pips)
USDCAD short from 1.1576 (s/l at 1.1548 guarantees plus 28 pips)
USDJPY long from 116.44 (s/l at 117.84 guarantees plus 140 pips)

So, stop losses have been tightened significantly from yesterday and worst case scenario on these trades is minus 30 pips.

Kind Regards
Steve
  • Post #136
  • Quote
  • Edited at 5:27pm Dec 20, 2006 5:23pm | Edited at 5:27pm
Quoting riveria
Hi Steviet,

I like the simplicity of your method and have been going back over the charts from mid november to see how I go. I've compared my trades with what you have posted and have some differences which will happen.

I've gone over things quite a few times but I'm not able to understand your decision to go short on eur and gbp and long on chf on the 13th of Dec. My entries were all in the opposite direction.

I'm obviously missing something in the understanding of your entries so was wondering if you would be able to you explain your reasoning for these trades so I can understand better.

Thank you
Hi,

Thanks for your interest. I seem to remember someone saying the same thing here after I posted my trades so you're not alone.

My decision for the trades on the 13th was based on what happened on the 12th. You will see on the 12th we had bull bars on gu & eu but during that day it consistently failed to push through resistances, notably 1.9715 on gu.

You will see I went short gu, eu & long uchf on 13th and was stopped out on gu although the other trades remained open. I re-entered short gu on the 14th as you know as again it failed to break through - this time 1.9730.

When I get stopped out of a trade and have to re-enter at 10pm its 'decision time' and I try and analyse the way I think the market may be heading based on candlestick formations etc. Another thing taken into account on these particular trades was the very small intial stop losses which made them low risk.

Call it experience or just gut instinct but if I was wrong, I would have been stopped out for minimal loss and a better picture of where the market was going after the next daily bar.

On 'decision day' it really is experience of trading the system I guess.

Hope this helps

Kind Regards
Steve
Great work Steve

See you around
Trade what you see, not what you think.
Quoting karmostaji
Great work Steve

See you around
Hey, great to see you

Kind Regards
Steve
Quoting steviet
Hey, great to see you

Kind Regards
Steve
hey steve where are you from in UK???
Ouch ,

Today, 4 of the 5 trades were stopped out .......

GU was stopped out for minus 88 pips, EU for minus 46, UCHF for minus 64 & UCAD for plus 28.

Remaining trade open is UJ currently up 190 pips, with 141 locked in.

Current pips for December on closed trades is now 966 which is an increase of 12.88% in account balance this month.

I'll be posting the 4 new trades later.

Kind Regards
Steve
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