Steviet's Live Trades! | Page 154 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Dukascopy Live Account - Don't Post if you haven't traded live with them! 117 replies

My Live Trades on my Live Account 588 replies

go live or bust ... diary of an fx live-trader-wannabe 1,621 replies

Trade 2 live accounts - one with full balance, 2nd as a live test? 0 replies

Oanda 10$ live acc quick-start guide (for newbie to trade live safe) 13 replies

Attachments: Steviet's Live Trades!
Exit Attachments

Steviet's Live Trades!

  • #3,061
  • Dec 31, 2007 1:18pm Dec 31, 2007 1:18pm
Quoting natejax
Steve, Thanks for link and Happy New Year.

Do you think it would be ok if i traded your signals with 5% of my account per trade?


j/k



I nearly didn't see your 'j/k' lol

Seriously though, I have people trading this live with $1k in their account

It breaks my heart to see, despite the fact I make it clear on the site I still feel responsible. To be honest, I don't know how long I'll continue this - really I'd prefer a couple more larger investors to trade for and I'd be more comfortable going down that route.

Happy New Year
  • #3,062
  • Dec 31, 2007 1:39pm Dec 31, 2007 1:39pm
steve I am confused. What is that link? I thought these were YOUR trades?
  • #3,063
  • Dec 31, 2007 1:47pm Dec 31, 2007 1:47pm
Quoting llambert3
steve I am confused. What is that link? I thought these were YOUR trades?
For the last 6 weeks or so, I've been replicating my own live trades as close as possible on this site. In other words, I open a position on my live account and then open another through the signal site.

Normally the prices are within a few pips for entry but sometimes my t/p on the live a/c may be hit and not on the signal site & vice versa. Generally speaking they will hold the same positions.
  • #3,064
  • Dec 31, 2007 2:38pm Dec 31, 2007 2:38pm
LOL thats funny Steve, I have been following your thread here for a while. I also have one of my live accounts auto associated w/ Zulu thru fxcm, I saw Formula 1 on there but now I found out its yours. Well regardless, keep up the good work, drawdowns are a bitch, unless you can afford the. Happy new year.
  • #3,065
  • Dec 31, 2007 4:02pm Dec 31, 2007 4:02pm
Quoting szbu
Steve,
as i stated prior, i have implemented your method since 12/05/07.
till now
Acct +9.9%.
it would be +4.8% if all positions were closed.
I have 11 positions open and they are
g/j, n/u,eu/u,cad/j, eur/a.

I use OANDA with spreading 10 accounts (one primary and 9 sub), thus i can play the hedge by the account set up.

Thanks a lot.

S
12/05 --/1231
Acct +12.9%
it would be +0.7% if all positions were closed.
I have 14 positions open.
Attached Image
  • #3,066
  • Dec 31, 2007 4:17pm Dec 31, 2007 4:17pm
Quoting Aaron FL
LOL thats funny Steve, I have been following your thread here for a while. I also have one of my live accounts auto associated w/ Zulu thru fxcm, I saw Formula 1 on there but now I found out its yours. Well regardless, keep up the good work, drawdowns are a bitch, unless you can afford the. Happy new year.
LOL Aaron,

A few people guessed it was me but the brains behind it is my friend Kris (turbokaos) who set it all up for me. I just place the trades.

Happy New Year
  • #3,067
  • Dec 31, 2007 4:31pm Dec 31, 2007 4:31pm
Quoting szbu
12/05 --/1231
Acct +12.9%
it would be +0.7% if all positions were closed.
I have 14 positions open.
Hi S

It will take a while to get used to the method and you are profitable so far.

There are a couple of things that concern me however & please take this as constructive.

Firstly, you say you have 14 positions open at the moment - as you know I have 10 as a maximum. I guess this leads me onto the other concern and that is the number of pairs you trade at the same time.

As you know I just trade GBPJPY with this method and there is a very good reason for trading the one pair with 10 positions max. The reason being I, like everyone else am wrong on direction at times and am caught with my pants down (metaphorically speaking ). This isn't a reason to panic but to realise my predicament and this is where the hedging comes in. The market may be diving and I may have 3 positions on long. OK, no problem - I'll make my pips on shorts on those days.

The problem with trading 5 pairs is that it gives you far less room for error and almost forces you to take on more positions than you want, thus increasing your risk overall.

If you go back to when I first started trading live - the very first page on my journal if I remember rightly - it was pointed out to me that it was maybe not in my best interests to trade many pairs at the same time. It took a while for the penny to drop but I believe trading one pair is best for me - you get to know the pair very well over time even if it does turn round & bite every so often lol.

Happy New Year S
  • #3,068
  • Dec 31, 2007 4:44pm Dec 31, 2007 4:44pm
Quoting steviet
Hi S

It will take a while to get used to the method and you are profitable so far.

There are a couple of things that concern me however & please take this as constructive.

Firstly, you say you have 14 positions open at the moment - as you know I have 10 as a maximum. I guess this leads me onto the other concern and that is the number of pairs you trade at the same time.

As you know I just trade GBPJPY with this method and there is a very good reason for trading the one pair with 10 positions max. The reason being I, like everyone else am wrong on direction at times and am caught with my pants down (metaphorically speaking ). This isn't a reason to panic but to realise my predicament and this is where the hedging comes in. The market may be diving and I may have 3 positions on long. OK, no problem - I'll make my pips on shorts on those days.

The problem with trading 5 pairs is that it gives you far less room for error and almost forces you to take on more positions than you want, thus increasing your risk overall.

If you go back to when I first started trading live - the very first page on my journal if I remember rightly - it was pointed out to me that it was maybe not in my best interests to trade many pairs at the same time. It took a while for the penny to drop but I believe trading one pair is best for me - you get to know the pair very well over time even if it does turn round & bite every so often lol.

Happy New Year S
Thanks Steve. This is in deed good food for thought in the newyear.
  • #3,069
  • Dec 31, 2007 9:20pm Dec 31, 2007 9:20pm
Hi Steve,
I noticed that in your zulu trade, there were some closes with negatives:
as following examples:
you shorted @222.792 and closed @222.191 and it showed Pips/$=60 pips -$448.56
Why so?

S


Date OpenTypeLotsCurrencyOpenDate ClosedCloseHighLowPips/$TotalClose Reason2007/12/31 16:34SELL1GBP/JPY222.210 2007/12/31 17:00221.669 54-1454 pips
$484.194624 pips
$34,335.46Limit 2007/11/27 01:15SELL1GBP/JPY222.792 2007/12/31 16:05222.191 60-76260 pips
-$448.564570 pips
$33,851.27Limit 2007/11/27 13:20SELL1GBP/JPY223.150 2007/12/31 16:00222.413 74-72674 pips
-$326.374510 pips
$34,299.83Limit 2007/11/27 13:16SELL1GBP/JPY222.951 2007/12/31 16:00222.438 51-74651 pips
-$526.884436 pips
$34,626.20Limit
  • #3,070
  • Edited 4:07am Jan 1, 2008 2:22am | Edited 4:07am
Hi S,

I can't give you a complete answer on this but here are my assumptions...

The whole system can only ever give an idea of how a method would perform as on zulu I'm not actually trading a real account.

It automatically opens a lot size of one mini lot per position on a $50k account (which to start with is ten times what I would actually trade). This obviously magnifies results which is why the returns are way over what would actually be achieved using my money management rules.

These few positions that were positive pips but negative dollars are shorts that were held over a month and therefore I'm guessing they are taking the negative swap into account. Again, this is magnified because of the larger position size. On my own live account I don't get charged or earn interest so I don't have to take ths into account.

I guess at the end of the day it can only give a good idea of whether a system will work live or not and it is up to the individual taking signals to calculate their own money management to make it work for them.

Hope this helps.

Kind Regards
Steve
  • #3,071
  • Edited 9:50pm Jan 1, 2008 12:44pm | Edited 9:50pm
Hey Steve, Thnx for the updates.

I'm sure you're aware of the perfect head and shoulders forming on the G/J weekly chart, looks like a break of 219.00 could send this thing down
1000 pips on a right shoulder price projection.
For you folks that don't know, H/S's are great price predictors. This head n shoulders has taken over 1 year to form.
We just seen one break in the eur/usd on the daily chart, that was a baby one.
  • #3,072
  • Jan 2, 2008 11:40am Jan 2, 2008 11:40am
Well, my broker has been closed since last Friday (28th December) and isn't due to re-open until 17.00 est in about four & a half hours. The price at that time was 224.22 lol

It will be interesting to see how my positions look as GJ has fallen off the cliff today to put it mildly. I've definitely taken my first loss on this system (well it had to come but after 15000 pips I've had a good run).

My positions as of Friday night were...

Long 228.06 (s/l was 218.06) - now, will the s/l be honoured or will I take a further hit if GJ hasn't retraced to above 218.06 before 17.00?

Long 225.74 (s/l was 215.74) - same as above if price is below 215,74 at 17.00.

Short 223.13 (t/p 222.63) - will I have to settle for 50 pips when they open or can I sneakily take off the t/p and close manually for about 600?

Short 222.94 (t/p 222.44) - same as above

Short 222.82 (t/p 222.32) - same as above

Questions, questions - I think I know what the answer will be but I need to wait another few hours.

Update later..

Kind Regards
Steve
  • #3,073
  • Jan 2, 2008 12:49pm Jan 2, 2008 12:49pm
If they open up and give you the current price not honoring your s/l, then the one will give you market price on the short too.

So you may take a hit on the s/l, but gain on the short.
  • #3,074
  • Jan 2, 2008 12:53pm Jan 2, 2008 12:53pm
Quoting llambert3
If they open up and give you the current price not honoring your s/l, then the one will give you market price on the short too.

So you may take a hit on the s/l, but gain on the short.
We'll soon know I guess
  • #3,075
  • Jan 2, 2008 4:09pm Jan 2, 2008 4:09pm
Quoting steviet
Well, my broker has been closed since last Friday (28th December) and isn't due to re-open until 17.00 est in about four & a half hours. The price at that time was 224.22 lol

It will be interesting to see how my positions look as GJ has fallen off the cliff today to put it mildly. I've definitely taken my first loss on this system (well it had to come but after 15000 pips I've had a good run).

My positions as of Friday night were...

Long 228.06 (s/l was 218.06) - now, will the s/l be honoured or will I take a further hit if GJ hasn't retraced to above 218.06 before 17.00?

Long 225.74 (s/l was 215.74) - same as above if price is below 215,74 at 17.00.

Short 223.13 (t/p 222.63) - will I have to settle for 50 pips when they open or can I sneakily take off the t/p and close manually for about 600?

Short 222.94 (t/p 222.44) - same as above

Short 222.82 (t/p 222.32) - same as above

Questions, questions - I think I know what the answer will be but I need to wait another few hours.

Update later..

Kind Regards
Steve
OK, this is what my broker did when it re-opened...

Long 228.06 was closed at my s/l of 218.06 for -1000, despite price opening at 217.20's

Short 223.13 with t/p 222.63 was closed at 217.25 for +588
Short 222.94 with t/p 222.44 was closed at 217.25 for +569
Short 222.82 with t/p 222.32 was closed at 217.25 for +557

So, net result is +714 pips.

I still have the long from 225.74 open which is likely to hit s/l, nonetheless I think I've come out of this pretty well.

Kind Regards
Steve
  • #3,076
  • Jan 2, 2008 4:23pm Jan 2, 2008 4:23pm
Quoting steviet
OK, this is what my broker did when it re-opened...

Long 228.06 was closed at my s/l of 218.06 for -1000, despite price opening at 217.20's

Short 223.13 with t/p 222.63 was closed at 217.25 for +588
Short 222.94 with t/p 222.44 was closed at 217.25 for +569
Short 222.82 with t/p 222.32 was closed at 217.25 for +557

So, net result is +714 pips.

I still have the long from 225.74 open which is likely to hit s/l, nonetheless I think I've come out of this pretty well.

Kind Regards
Steve
Hey Steve,
Excellent! Thanks alot your broker!!! lol

Mine is as

12/05/07 -- 01/02/08 4:10pm ET
Realized +950 pips
Drawdown -1415 pips
Positions open 10
Acct +1.9%
(if all positions were closed, acct would be -0.9%)

Not really a very bad day for the acct, Consider we had 6 longs of gbp/jpy and g/j has fallen off the cliff today. After 5 stoped out with 1000 pips each, we still have ended positive. Current drawdown would net -0.9% of acct balance if we closed all open positions.

Need improvement: Better hedge schemes and trade less no. of pairs -- thanks Steve.

S
  • #3,077
  • Jan 2, 2008 4:51pm Jan 2, 2008 4:51pm
Well done S

Days like today have the potential to be the most damaging to this method as we have now broken out of the 220/230 range that we have been in since around 11th/12th November.

Damage limitation is what it's all about if you happen to be on the wrong side of the move with a few positions. Don't panic, re-assess the market in the next few days as it digests the moves & stick to the plan - stay disciplined.

Kind Regards
Steve
  • #3,078
  • Jan 2, 2008 9:29pm Jan 2, 2008 9:29pm
welp you got extremely lucky!!!
  • #3,079
  • Jan 5, 2008 5:32am Jan 5, 2008 5:32am
Hi Steve,

What's the time clock on the zulutrade?
Thanks

S

2008/01/04 08:13SELL1GBP/JPY215.571 2008/01/04 13:30214.779 79-12979 pips
$730.911923 pips
$10,083.17Limit 2008/01/04 12:13SELL1GBP/JPY216.228 2008/01/04 13:29215.692 54-554 pips
$491.301844 pips
$9,352.26Limit 2008/01/04 06:28SELL1GBP/JPY215.890 2008/01/04 06:59215.390 50-750 pips
$457.601790 pips
$8,860.96Limit
  • #3,080
  • Jan 5, 2008 6:49am Jan 5, 2008 6:49am
Quoting szbu
Hi Steve,

What's the time clock on the zulutrade?
Thanks

S

2008/01/04 08:13SELL1GBP/JPY215.571 2008/01/04 13:30214.779 79-12979 pips
$730.911923 pips
$10,083.17Limit 2008/01/04 12:13SELL1GBP/JPY216.228 2008/01/04 13:29215.692 54-554 pips
$491.301844 pips
$9,352.26Limit 2008/01/04 06:28SELL1GBP/JPY215.890 2008/01/04 06:59215.390 50-750 pips
$457.601790 pips
$8,860.96Limit
I think it's GMT (UK time) - at least it is when I log in. Unfortunately the zulutrade hasn't faired as well as my live account as I had a couple more longs opened when my live broker was still on holiday.

Also, had trouble accessing zulu at times yesterday so it didn't benefit so much from all the shorts I placed on the live account.
1 trader viewing now