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Steviet's Live Trades!

  • #3,001
  • Dec 17, 2007 9:13am Dec 17, 2007 9:13am
Steve,
I have started a live account by the method of yours except i trade any pairs if desireable since 12/05.
So far it seemed as expect. well, the drawdowns have been increased largely on last a few days days due to shorts on G/J (on the worst -450 pips) and longs on E/U (on the worst -350 pips).

by 12/14
account: +7.8%
if all positions were close, the account would be +2.9%.

since i have 12 positions open, i just have to wait.
I hope the drawdowns will be wiped out in coming days or weeks.

Thank you,

SZBU
  • #3,002
  • Dec 18, 2007 6:09am Dec 18, 2007 6:09am
im post3001 congrads steve
  • #3,003
  • Dec 18, 2007 11:19am Dec 18, 2007 11:19am
Quoting szbu
Steve,
I have started a live account by the method of yours except i trade any pairs if desireable since 12/05.
So far it seemed as expect. well, the drawdowns have been increased largely on last a few days days due to shorts on G/J (on the worst -450 pips) and longs on E/U (on the worst -350 pips).

by 12/14
account: +7.8%
if all positions were close, the account would be +2.9%.

since i have 12 positions open, i just have to wait.
I hope the drawdowns will be wiped out in coming days or weeks.

Thank you,

SZBU
Hi SZBU,

That's great news - well done I'm in the same position where I haven't put a new trade on for a week now - just waiting for the beast to decide which way it's going to break.

Kind Regards
Steve
  • #3,004
  • Dec 18, 2007 11:20am Dec 18, 2007 11:20am
Quoting turn1to100
im post3001 congrads steve
LOL, thanks
  • #3,005
  • Dec 18, 2007 2:49pm Dec 18, 2007 2:49pm
Hi Stevie

It is now a little over a year that I have been watching your progress and asking idiotic questions from time to time. To be honest, I have no idea what are you doing with GJ since you changed your style, but who cares?
What I am getting from all of this is MOTIVATION.

I remember the times when you actually started to doubt your system, when your initial gains became losses because your system made you wait until the stops took you out. In spite of all of that, you kept your journal and kept answering all the questions politely and honestly.
I speak only for myself, but I think that you deserve the admiration of all of us for the job you have done.

Regards

frank
  • #3,006
  • Dec 18, 2007 3:19pm Dec 18, 2007 3:19pm
Quoting milan47
Hi Stevie

It is now a little over a year that I have been watching your progress and asking idiotic questions from time to time. To be honest, I have no idea what are you doing with GJ since you changed your style, but who cares?
What I am getting from all of this is MOTIVATION.

I remember the times when you actually started to doubt your system, when your initial gains became losses because your system made you wait until the stops took you out. In spite of all of that, you kept your journal and kept answering all the questions politely and honestly.
I speak only for myself, but I think that you deserve the admiration of all of us for the job you have done.

Regards

frank
Well thanks Frank

What you probably don't realise is the part you and everyone who has contributed to my journal played, as I made my journey through the forex jungle. It was like having supporters cheering me on from the sidelines, especially when things weren't quite going to plan haha.

Still learning, still making mistakes but more importantly, still here and still in the game

Have yourself a great Christmas and I have a feeling 2008 is gonna be a year to remember.

Kind Regards
Steve
  • #3,007
  • Dec 18, 2007 3:53pm Dec 18, 2007 3:53pm
Steve

Congratulations on sticking it out, I remember a few months ago when you were ready to throw in the towel, I am glad you did not and I am sure you are as well.

Any case it was great reading and an inspiration to all who followed your writings, hope you keep on and wish you many pips in the future.

Regards
  • #3,008
  • Dec 18, 2007 6:37pm Dec 18, 2007 6:37pm
Steve,

I remember you canned your system in May or June. You went to a longer trading system, then ended with a ton of scalping. Both very sucessful... Now you are using a I don't know what to call it, 50 pip or die system ???

What made you choose this method over the others. I mean you were really racking them up with your other two methods.

generalz
  • #3,009
  • Dec 18, 2007 10:35pm Dec 18, 2007 10:35pm
I like that!!!

"50 pip or die system" LOLOLOLOL too funny
  • #3,010
  • Dec 19, 2007 1:53pm Dec 19, 2007 1:53pm
Quoting generalz
Steve,

I remember you canned your system in May or June. You went to a longer trading system, then ended with a ton of scalping. Both very sucessful... Now you are using a I don't know what to call it, 50 pip or die system ???

What made you choose this method over the others. I mean you were really racking them up with your other two methods.

generalz
Classic haha

Hi generalz

I guess from everything I've tried, I'm the most comfortable with this way. Just closed my first trade for over a week today - even had to order some extra Patience Pills from Karmo while GBPJPY was ranging between 227.40 and 230 area.

Kind Regards
Steve
  • #3,011
  • Dec 19, 2007 2:40pm Dec 19, 2007 2:40pm
Quoting steviet
Classic haha

Hi generalz

I guess from everything I've tried, I'm the most comfortable with this way. Just closed my first trade for over a week today - even had to order some extra Patience Pills from Karmo while GBPJPY was ranging between 227.40 and 230 area.

Kind Regards
Steve
I still have the oldest -277 pips g/j from 12/05. ( :-(
shorted at 223.80
  • #3,012
  • Dec 20, 2007 2:10pm Dec 20, 2007 2:10pm
Quoting szbu
I still have the oldest -277 pips g/j from 12/05. ( :-(
shorted at 223.80
There you go - price came down nicely today for you

Kind Regards
Steve
  • #3,013
  • Dec 20, 2007 4:01pm Dec 20, 2007 4:01pm
Steve,
you mentioned that you would close any postive positons at the end NY session? Why do not you let them finished at +50 pips across the session if their gaining? if those become negtive, so be it like your others and the reversal will come in the futhure.

S
  • #3,014
  • Dec 20, 2007 5:12pm Dec 20, 2007 5:12pm
This is just a rule I made when I first trading this method. The reasoning behind it was that there is often a good set up in the last 30/60 minutes of the NY session and an opportunity to grab a quick 20 or 30 pips.

As you rightly say, I could just let it ride like the other positions and of course so far every one would have hit the 50 pip t/p.

Cheers
Steve
  • #3,015
  • Dec 20, 2007 8:03pm Dec 20, 2007 8:03pm
Hey Steviet

Just found your thread today, and thought I would check it out. You talk about you have had several different strat's. Could you direct me to where you explain how your different strat's work, what you use, and about your newest one your using?

Thanks in advance,
fxstman
  • #3,016
  • Dec 20, 2007 11:08pm Dec 20, 2007 11:08pm
Strats!? I love Strats Les Pauls and PRS"s too!!.... I am sorry I am a relative nooB here and I am a musician by trade. I will continue to watch this thread. Thanks for posting I have learned alot.

Ross Baltimore Md
  • #3,017
  • Dec 21, 2007 5:14pm Dec 21, 2007 5:14pm
Steve,
How has your trade performed so far for the month?
you used to post the results. could you continue to do so?
Thanks,
S
  • #3,018
  • Dec 21, 2007 6:09pm Dec 21, 2007 6:09pm
Quoting szbu
Steve,
How has your trade performed so far for the month?
you used to post the results. could you continue to do so?
Thanks,
S
Hi again,

Sure - November's results can be found at http://www.forexfactory.com/showpost...postcount=2918

December so far has been very difficult for me but here goes...

Dec 3rd - 4 closed trades, 173 pips
Dec 4th - 6 closed trades, 279 pips
Dec 5th - 4 closed trades, 209 pips
Dec 6th - 1 closed trade, 23 pips
Dec 7th - 3 closed trades, 152 pips
Dec 10th - 4 closed trades, 202 pips
Dec 11th - 4 closed trades, 201 pips
Dec 12th - 0 closed trades, 0 pips
Dec 13th - 0 closed trades, 0 pips
Dec 14th - 0 closed trades, 0 pips
Dec 17th - 0 closed trades, 0 pips
Dec 18th - 0 closed trades, 0 pips
Dec 19th - 1 closed trade, 51 pips
Dec 20th - 6 closed trades, 302 pips
Dec 21st - 2 closed trades, 56 pips

So, 35 trades closed in December for 1648 pips (around 3.3%)
November was 165 trades closed for 7585 pips (around 15.1%)

Since I have had these stricter rules with better money management and a limit to open positions, we have had 200 consecutive profitable trades.

So far, so good although a stop loss will be hit at some point - at least we've got a few pips in the bank to cover when this happens. Until then I'll just keep accumulating as best I can

Kind Regards
Steve
  • #3,019
  • Dec 21, 2007 6:14pm Dec 21, 2007 6:14pm
Quoting steviet
Hi again,

Sure - November's results can be found at http://www.forexfactory.com/showpost...postcount=2918

December so far has been very difficult for me but here goes...

Dec 3rd - 4 closed trades, 173 pips
Dec 4th - 6 closed trades, 279 pips
Dec 5th - 4 closed trades, 209 pips
Dec 6th - 1 closed trade, 23 pips
Dec 7th - 3 closed trades, 152 pips
Dec 10th - 4 closed trades, 202 pips
Dec 11th - 4 closed trades, 201 pips
Dec 12th - 0 closed trades, 0 pips
Dec 13th - 0 closed trades, 0 pips
Dec 14th - 0 closed trades, 0 pips
Dec 17th - 0 closed trades, 0 pips
Dec 18th - 0 closed trades, 0 pips
Dec 19th - 1 closed trade, 51 pips
Dec 20th - 6 closed trades, 302 pips
Dec 21st - 2 closed trades, 56 pips

So, 35 trades closed in December for 1648 pips (around 3.3%)
November was 165 trades closed for 7585 pips (around 15.1%)

Since I have had these stricter rules with better money management and a limit to open positions, we have had 200 consecutive profitable trades.

So far, so good although a stop loss will be hit at some point - at least we've got a few pips in the bank to cover when this happens. Until then I'll just keep accumulating as best I can

Kind Regards
Steve
Steve,
how are the drawdowns so far?
thanks,

S
  • #3,020
  • Dec 21, 2007 6:18pm Dec 21, 2007 6:18pm
Quoting szbu
Steve,
how are the drawdowns so far?
thanks,

S
Drawdowns have been my worst during mid December when I had all 10 positions open and therefore unable to open any more until 1 or more hit t/p (or s/l).

They peaked at 10% and are currently at 2.8% at the moment.

Steve
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