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Steviet's Live Trades!

  • #161
  • Dec 26, 2006 4:51pm Dec 26, 2006 4:51pm
Steve, indeed over the whole month it must be good. I started halfway in this month. In general I see that systems which were doing good previously have challenges at the end of the month. Personally I thnik it is linked to the Holiday Season. I think your 33% is based from your wins at the beginning of the month.

Once again I think it is a great system and I will do more forward testing until I'm ready to go live with it. I would expect this t happen at the end of Januray.

For now enjoy your Holidays and thanks for sharing a great system.
Eric


Quoting steviet
Hi Eric,

Yes, you are right - it 'seems' to have been a difficult month for the system . Only 33% of trades closed have been winners, however still over 700 pips up at nearly 9% profit is a good month in my book. That also discounts the trade still running on USDJPY which has 224 pips profit booked.

It's a system that on the face of it can be disheartening as you can take a loss on trades that would have been in profit if you closed them earlier. However, by doing that you would almost certainly close early the trades that make the system what it is. On my old way of trading, I would never have kept positions 200,300,400,500,600, even 700 pips in profit.

As I said when I started out, my target is 500 pips a month and I will test for the full year. You have to be extremely disciplined and patient but if it works over the full year then I think I have stumbled on something that can work pretty consistently for people that simply cannot sit in front of the pc each day.

It's been another frustrating day on 4 of the 5 trades but when I stepback and look at the whole picture I think again and say, ''hey, it's working just as planned so far''. If I get a big month somewhere then that's a bonus but as long as it reaches my target over the whole timeframe the I'll be more than happy. Remember, 95% of people don't make it and I don't aim to be one of those even if I have to look again in 10 months time.

Kind Regards
Steve
  • #162
  • Dec 26, 2006 5:38pm Dec 26, 2006 5:38pm
OK, as stated earlier, 4 trades stopped out at a loss totalling 125 pips. USDJPY is still open since Dec 11th.

New trades.....

USDCAD short from 1.1611 (s/l 1.1635 guarantees minus 24 pips)
USDCHF short from 1.2231 (s/l 1.2248 guarantees minus 17 pips)
GBPUSD long from 1.9539 (s/l 1.9506 guarantees minus 33 pips)
EURUSD long from 1.3098 (s/l 1.3079 guarantees minus 19 pips)
USDJPY long from 116.44 (s/l 118.68 guarantees plus 224 pips)

Market over Christmas holidays has been very volatile with little volume and therefore have tight stop losses in new trades. Hopefully as we move into 2007, things will settle down again.

Kind Regards
Steve
  • #163
  • Dec 26, 2006 7:17pm Dec 26, 2006 7:17pm
Quoting steviet
OK, as stated earlier, 4 trades stopped out at a loss totalling 125 pips. USDJPY is still open since Dec 11th.

New trades.....

USDCAD short from 1.1611 (s/l 1.1635 guarantees minus 24 pips)
USDCHF short from 1.2231 (s/l 1.2248 guarantees minus 17 pips)
GBPUSD long from 1.9539 (s/l 1.9506 guarantees minus 33 pips)
EURUSD long from 1.3098 (s/l 1.3079 guarantees minus 19 pips)
USDJPY long from 116.44 (s/l 118.68 guarantees plus 224 pips)

Market over Christmas holidays has been very volatile with little volume and therefore have tight stop losses in new trades. Hopefully as we move into 2007, things will settle down again.

Kind Regards
Steve
Hey there,

Been reading your thread since the beginning. Nice job. Question. What candle pattern is causing you to keep going long on gbp/usd instead of shorting days ago?
  • #164
  • Dec 27, 2006 2:03am Dec 27, 2006 2:03am
Quoting llambert3
Hey there,

Been reading your thread since the beginning. Nice job. Question. What candle pattern is causing you to keep going long on gbp/usd instead of shorting days ago?
Hi,

Good question - I think Christmas rather messed up what I thought would happen. From my analysis, I considered 1.9550 or thereabouts the bottom and in fact while my broker suspended trading because of excess volatility, GU did climb up past 1.9750 although it soon went down again on opening at around 1.9600.

The other thing I look at if I'm unsure where the market is heading is preservation of capital - if I'm wrong then the following daily bar often gives me a better indication of where prices should go.

I still think a short term bottom has been formed and currently GU is round about 1.9600 again after going long from 1.9539. Hope for some poor US news today which will lock in some pips in the coming days.

Kind Regards
Steve
  • #165
  • Dec 27, 2006 2:05am Dec 27, 2006 2:05am
USDJPY long from 116.44 finally stopped out overnight at 118.68 for a 224 pip gain.

That's now 939 pips for the month which equates to an increase of 13.22% in account balance

Kind Regards
Steve
  • #166
  • Dec 27, 2006 4:34am Dec 27, 2006 4:34am
I don't know who you are but thanks to whoever voted for my thread

Kind Regards
Steve
  • #167
  • Dec 27, 2006 4:42am Dec 27, 2006 4:42am
Quoting steviet
I don't know who you are but thanks to whoever voted for my thread

Kind Regards
Steve
Voted by me.
Your thread is cool

What do you think about of
EUR/JPY Buy In 156.00 TP: 156.25
AUD/USD Buy In 0.7830 TP: 0.7855
With Regards, MKTrader Not Risk Not Gain!
  • #168
  • Dec 27, 2006 4:47am Dec 27, 2006 4:47am
Quoting MKTrader
Voted by me.
Your thread is cool

What do you think about of
EUR/JPY Buy In 156.00 TP: 156.25
AUD/USD Buy In 0.7830 TP: 0.7855
Thanks

I don't trade either pair but looking at A/U, if you bought that earlier your TP has just been hit

Kind Regards
Steve
  • #169
  • Dec 27, 2006 4:49am Dec 27, 2006 4:49am
Quoting steviet
Thanks

I don't trade either pair but looking at A/U, if you bought that earlier your TP has just been hit

Kind Regards
Steve
Thanks too.
With Regards, MKTrader Not Risk Not Gain!
  • #170
  • Dec 27, 2006 1:07pm Dec 27, 2006 1:07pm
Quoting steviet
Hi,

Good question - I think Christmas rather messed up what I thought would happen. From my analysis, I considered 1.9550 or thereabouts the bottom and in fact while my broker suspended trading because of excess volatility, GU did climb up past 1.9750 although it soon went down again on opening at around 1.9600.

The other thing I look at if I'm unsure where the market is heading is preservation of capital - if I'm wrong then the following daily bar often gives me a better indication of where prices should go.

I still think a short term bottom has been formed and currently GU is round about 1.9600 again after going long from 1.9539. Hope for some poor US news today which will lock in some pips in the coming days.

Kind Regards
Steve
I see. Now let me ask this. If today's candle closes as it is now, then would you say this is a sign of reversal after a downtrend? If so, this would follow your thinking.
  • #171
  • Dec 27, 2006 3:13pm Dec 27, 2006 3:13pm
Quoting llambert3
I see. Now let me ask this. If today's candle closes as it is now, then would you say this is a sign of reversal after a downtrend? If so, this would follow your thinking.
Yup,

GU currently at 9570 - I'm long already from 9539... I thought we might have seen a breakout earlier when prices were in the 9615 region but US data today put the mockers on that lol.

As per my system, I'll be staying with GU long with s/l at 1.9517 (10 pips below todays low). Again, tomorrow's US data may halt any bull move temporarlily but technically speaking I think GU should rise from here.

Kind regards
Steve
  • #172
  • Dec 27, 2006 4:06pm Dec 27, 2006 4:06pm
OK,

USDCAD & USDCHF shorts stopped out for a total of minus 41 pips today.

Current trades...........

USDCAD short from 1.1618 (s/l 1.1648 guarantees minus 30 pips)
USDCHF short from 1.2265 (s/l 1.2278 guarantees minus 13 pips)
USDJPY short from 118.85 (s/l 119.31 guarantees minus 46 pips)
GBPUSD long from 1.9539 (s/l 1.9517 guarantees minus 22 pips)
EURUSD long from 1.3098 (s/l 1.3085 guarantees minus 13 pips)

Total pips from closed trades in Dec is plus 898 pips - increase in a/c balance of 12.62%.

At the end of this month I'll give some more detailed figures of how things have gone so far.

Kind Regards
Steve
  • #173
  • Dec 28, 2006 3:49pm Dec 28, 2006 3:49pm
Just coming up to the end of the day and all 5 trades still open and stop losses revised.....

USDCAD short from 1.1618 (s/l at 1.1631 guarantees minus 13 pips)
USDCHF short from 1.2265 (s/l at 1.2278 guarantees minus 13 pips)
USDJPY short from 118.85 (s/l at 119.14 guarantees minus 29 pips)
GBPUSD long from 1.9539 (s/l at 1.9544 guarantees plus 5 pips)
EURUSD long from 1.3098 (s/l at 1.3095 guarantees minus 3 pips)

So, worst case scenario is a loss of 53 pips on these trades - currently they are collectively 180 pips to the good so hope to lock in some profit tomorrow. If not, no worries, it will still have been another 'above target' month

Kind Regards
Steve
  • #174
  • Dec 28, 2006 5:27pm Dec 28, 2006 5:27pm
Steve, can you check you SL on EURUSD. Should that not be 1.3105. It seems that you are looking at one day earlier.

Thanks,
Eric
  • #175
  • Dec 28, 2006 5:44pm Dec 28, 2006 5:44pm
Quoting drlc01
Steve, can you check you SL on EURUSD. Should that not be 1.3105. It seems that you are looking at one day earlier.

Thanks,
Eric
Hi Eric,

My daily low on the daily bar just completed was 1.3105 so new s/l set at 1.3095 - remember my daily bars finish at 10pm GMT. If you use a different charting software, daily bar may finish two hours later & therefore a different low for the day.

Cheers
Steve
  • #176
  • Dec 28, 2006 5:51pm Dec 28, 2006 5:51pm
Strange, probably my fault. Let me do some research

Thanks,
Eric
Quoting steviet
Hi Eric,

My daily low on the daily bar just completed was 1.3105 so new s/l set at 1.3095 - remember my daily bars finish at 10pm GMT. If you use a different charting software, daily bar may finish two hours later & therefore a different low for the day.

Cheers
Steve
  • #177
  • Dec 29, 2006 12:45am Dec 29, 2006 12:45am
Steve adds ten pips cushion to the SL. So if the low was 1.3105 his SL would be 1.3095.
Don Life is expensive, but includes a free trip around the sun.
  • #178
  • Dec 29, 2006 7:33am Dec 29, 2006 7:33am
OK, quick update....

USDJPY stopped out for a loss of 29 pips.

Other 4 trades are still open - currently up approx 225 pips.

Will update again at close tonight with end of month figures etc.

Kind Regards
Steve
  • #179
  • Dec 29, 2006 9:53am Dec 29, 2006 9:53am
Hi Steviet so far very good systerm do you know if the systerm coul be traded on any more pairs.

With Thanks

David-T
  • #180
  • Dec 29, 2006 11:15am Dec 29, 2006 11:15am
Quoting David-T
Hi Steviet so far very good systerm do you know if the systerm coul be traded on any more pairs.

With Thanks

David-T
Hi David,

I'm sure it could - I know some that have been having success on GBPJPY - so far I have kept it to just these 5 pairs as the spreads are fairly tight.

Kind Regards
Steve
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