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Steviet's Live Trades!

  • #3,341
  • May 19, 2008 11:41am May 19, 2008 11:41am
Quoting SeekingLight
Thank heavens, now I feel less insane for being a rabid GJ short if Mr. Six Figures is going my way as well
Push it down with your yards and miles I say! Hehehe...well done on the progress Steve


Hope you're keeping well,

Seeking
Hey there Seeking

You? Insane? Nah, I don't think so lol

I have been wearing my GJ shorts a lot recently - becoming my favourite pair hehe.

Thanks for your comments & hope you're well too.

Kind Regards
Steve
  • #3,342
  • May 19, 2008 12:06pm May 19, 2008 12:06pm
Hey Steve,

Great job there trading the MA. I look 4ward to more fantastic news in the upcoming posts!

PM if you have any updates.

Cheers,

Clashman
  • #3,343
  • May 19, 2008 12:14pm May 19, 2008 12:14pm
Just replied to your PM

Quoting Clashman
Hey Steve,

Great job there trading the MA. I look 4ward to more fantastic news in the upcoming posts!

PM if you have any updates.

Cheers,

Clashman
  • #3,344
  • Edited 6:47pm May 19, 2008 4:27pm | Edited 6:47pm
Quoting steviet
Just replied to your PM
Hi Steviet,

My first post in FF heheh
I have read the thread and..
I wanna also know some things, If u have a full time job, when do u put the orders? u dont sleep http://www.forexfactory.com/images/icons/icon10.gif ?

I d like also some updates about your method (if u continue with GJ, risk, number of SL hits...)

Please if u can send me a PM..

Thanks and sorry for my English (u know Spanish...)

Good Luck!
  • #3,345
  • May 20, 2008 6:44am May 20, 2008 6:44am
Quoting DavidRP
Hi Steviet,

My first post in FF heheh
I have read the thread and..
I wanna also know some things, If u have a full time job, when do u put the orders? u dont sleep http://www.forexfactory.com/images/icons/icon10.gif ?

I d like also some updates about your method (if u continue with GJ, risk, number of SL hits...)

Please if u can send me a PM..

Thanks and sorry for my English (u know Spanish...)

Good Luck!
Hi David,

Congratulations on your first post & reading through the whole of the journal

You'll see I've been on a journey of discovery and eventually found something that suits me.

OK, I don't have a particular time to place orders but recently I've tended to place more towards the end of New York & beginning of Asia sessions. Often, by the time I've gone to work I've picked up 50 or 100 pips and will then leave everything until I pop home for lunch. If I see a good set up then I'll place another then (now) or I'll wait until I get home and all the news has been digested by the markets.

Since trading the managed account, I haven't had a stop loss hit but I have 'netted off' 4 or 5 times when I thought appropriate. The last time I did this was just before the BOE interest rate decision on 8th May I think. Since then I've never had more than 3 positions on at a time - mostly 1 or 2 and basically just jumped in & out for my 50 pips per trade. The last couple of weeks I've managed to pick up between 50 & 300 pips a day as we've been in a 300 pip range which is just perfect.

Currently I have no positions on - the last short was cleared out this morning just before London open.

No, I don't sleep much but I never have. However, when I do trade full-time I'm not going to change much. My idea of full-time is not being tied to the screen 24/7. I could prbably make more especially on those rangey days but that would be my choice.

Oh yes, your English is very good

Kind Regards
Steve
  • #3,346
  • May 20, 2008 12:11pm May 20, 2008 12:11pm
Hello Steve,

Awesome job! You are an inspiration for a lot of people. Question on fundamentals. how much emphasis do you put on it. Do you keep up with it and does it help form your daily bias?

Also do you think it helps you emotionally not being able to watch the market all day? When you are home do you watch it or just look at charts at different time spans?

Sorry if these questions have been asked. I have read your entire thread, just can't remember if you have discussed them

Trade Well...
Brent
  • #3,347
  • Edited 1:57pm May 20, 2008 1:25pm | Edited 1:57pm
Quoting forex2stay
Hello Steve,

Awesome job! You are an inspiration for a lot of people. Question on fundamentals. how much emphasis do you put on it. Do you keep up with it and does it help form your daily bias?

Also do you think it helps you emotionally not being able to watch the market all day? When you are home do you watch it or just look at charts at different time spans?

Sorry if these questions have been asked. I have read your entire thread, just can't remember if you have discussed them

Trade Well...
Brent
Hi Brent,

Firstly, thanks for your post and your comments - now onto your questions.

OK, I like to keep up with the fundementals but to be honest I don't look at anything other than the technicals. There are a few announcements such as BOE interest decisions and NFP for example that I'll try to avoid unless I already have positions open. I'd rather look at the reaction after the announcements and if I'm around maybe place a trade 15-30 minutes afterwards. Most of these news events happen whilst I'm at work however.

Yes, your second question is an interesting one. Although I'm at work, I do receive an hourly update on prices and can pop home just before New York session. It does help not looking at charts all day and although the pc is on when I'm at home, it's there in the background so I can keep an eye on what's going on.

Today, I carried over a short from last night that took profit before I went to work this morning. At lunchtime, price was at 204.50 area and I was toying with the idea of placing a short but didn't in the end in case 205 was broken this afternoon. Got home and shorted at 204.60 with a target of 204.10. So far it has reached +49 and currently +40 (yes it happens to me as well where it all but reaches your target then toys around with you lol). Edit, just hit 204.10 and my next mini goal just achieved with equity standing at $130,319 No positions open currently.

Hope this helps

Kind Regards
Steve
  • #3,348
  • May 20, 2008 2:43pm May 20, 2008 2:43pm
Quoting steviet
Hi Brent,

Firstly, thanks for your post and your comments - now onto your questions.

OK, I like to keep up with the fundementals but to be honest I don't look at anything other than the technicals. There are a few announcements such as BOE interest decisions and NFP for example that I'll try to avoid unless I already have positions open. I'd rather look at the reaction after the announcements and if I'm around maybe place a trade 15-30 minutes afterwards. Most of these news events happen whilst I'm at work however.

Yes, your second question is an interesting one. Although I'm at work, I do receive an hourly update on prices and can pop home just before New York session. It does help not looking at charts all day and although the pc is on when I'm at home, it's there in the background so I can keep an eye on what's going on.

Today, I carried over a short from last night that took profit before I went to work this morning. At lunchtime, price was at 204.50 area and I was toying with the idea of placing a short but didn't in the end in case 205 was broken this afternoon. Got home and shorted at 204.60 with a target of 204.10. So far it has reached +49 and currently +40 (yes it happens to me as well where it all but reaches your target then toys around with you lol). Edit, just hit 204.10 and my next mini goal just achieved with equity standing at $130,319 No positions open currently.

Hope this helps

Kind Regards
Steve
So, u just get in when u see a setup, dont use 10 orders at a time. And another question,.. u or your investor have a goal ? I mean how much your investor expects to earn...

Thanks,
David
  • #3,349
  • May 20, 2008 3:08pm May 20, 2008 3:08pm
Quoting DavidRP
So, u just get in when u see a setup, dont use 10 orders at a time. And another question,.. u or your investor have a goal ? I mean how much your investor expects to earn...

Thanks,
David
Yes pretty much - there is scope within the rules to have up to 5 short positins and 5 long positions open at once but these would be placed over a period of days/weeks. Since employing the 'netting off' however I think the most positions I've had open is 8. The idea of netting off is that you would start again from scratch and if you can stay in tune with the market to just jump in and out of the market for 50 pip trades, either taking advantage of a range or taking little chunks out of a trend.

We are still in a testing phase but I had an initial goal of 30% over the year. At present, after just 4 months we have nearly reached that figure so it's just a case of staying disciplined and keep doing what I do. At some stage we may agree to increase the amount traded substantially but I'm happy just plugging away and seeing where it takes me.

Kind Regards
Steve
  • #3,350
  • May 23, 2008 9:11am May 23, 2008 9:11am
Quoting steviet
Well, so far May has been very good to me! Equity has increased every day this month and my investor is a happy chappy

Jan 15th Start Balance $103529
Feb 29th Balance $107374 (no positions open)
March 28th Balance $121148 (no positions open)
April 30th Balance $121289 (6 positions open)
May 15th Balance $129172.98 (0 positions open)

Nothing open at the moment and probably have an afternoon off and prepare for next week...

Kind Regards
Steve
hi Steve
this is good job
have a nice time 4 u
best regards
hussin
  • #3,351
  • May 24, 2008 9:46am May 24, 2008 9:46am
How can learn your methodology Steve? Do u call live trades?
  • #3,352
  • May 25, 2008 12:41pm May 25, 2008 12:41pm
Quoting Knight_Trader
How can learn your methodology Steve? Do u call live trades?
Hey Stevie,
I'd like to also ask if you could post a copy of your trades for the past month - this would help me understand your thinking.
I've been following your thread and trying to emulate your strategy(with limited success) be great if I could get more insight from your actual trades.
  • #3,353
  • May 25, 2008 1:01pm May 25, 2008 1:01pm
OK, attached a copy of trades made since 1st May. My equity decreased after a poor day on Thursday but made a little back by Friday close.

Current equity is $128,785

Kind Regards
Steve
Attached File(s)
File Type: txt May trades.txt   10 KB | 744 downloads
  • #3,354
  • May 26, 2008 10:47am May 26, 2008 10:47am
Thanks Stevie really appreciate it.

Hopefully it'll help.
  • #3,355
  • May 28, 2008 2:04am May 28, 2008 2:04am
How is going steviet?

Any update in your method?
  • #3,356
  • May 31, 2008 12:43pm May 31, 2008 12:43pm
Hello to everyone., I am new in this forum so i would like to say hi to all of you.
First at all, I may say "sorry" if any mistake in writting as I am from spain, and Englsih is not my first language.
Steviet....you are a Master, I discovered your forum couple of months ago and I have been reading and reading...Amazing what you are doing and very honorable you share with everyone tring to help people to make profit like you.
So far I am playing with Demo not being very profitable, I did a FOREX course in Madrid a couple of weeks ago....this was very good, they show us a system to operate based in Tecnical data. they follow as after the course, before they think we are ready for a real account. And they will support as for life. I am hoping to go into a real account in may be a couple of months.
I am trying to de-code your sistem to try to apply it to a demo, but just yet I did not manage to do so.
Just one question Stiviet...when you talk about the 2% of risk you take, you mean from your equity right?? So you calculate the 2% of Equity and that is your risk?
I hope you all donīt mind me interruptim like this in your forum . Hope you all accept me in here, to try to learm more and more from this new word called FOREX.
Congratulations to all of you as I think that you all have made a big bunch of friends. Amazing!!!!
  • #3,357
  • Jun 1, 2008 8:31am Jun 1, 2008 8:31am
Quoting stewrigh
Thanks Stevie really appreciate it.

Hopefully it'll help.
No problem stew
  • #3,358
  • Jun 1, 2008 8:37am Jun 1, 2008 8:37am
Quoting DavidRP
How is going steviet?

Any update in your method?
Hi David,

As one of the 'newer' posters to my thread you may not realise this but here's a bit of history.

I started trading live in October 2006 with a very different method to what you see today but the idea was to post every single trade for a full year, which I did.

I was then going to close the jounal but some members asked that I carry on. I was happy to do this but just really posting the results monthly and answering a few questions along the way.

The May totals will be posted later. I had a very poor last week in the month which was very disappointing and was one of those weeks that I wish I'd been at home rather than at work. However, May was still profitable so I have to just relax and look at the big picture - another profitable month

Kind Regards
Steve
  • #3,359
  • Jun 4, 2008 12:08am Jun 4, 2008 12:08am
Stevie! Just stopping by to say hello! It's been a while, how have you been? Looking forward to see those 'modest' thousand pip reports..
Virtue finds and chooses the mean. Aristotle, Ethica Nichomachea
  • #3,360
  • Jun 4, 2008 2:47am Jun 4, 2008 2:47am
Quoting steviet
Hi David,

As one of the 'newer' posters to my thread you may not realise this but here's a bit of history.

I started trading live in October 2006 with a very different method to what you see today but the idea was to post every single trade for a full year, which I did.

I was then going to close the jounal but some members asked that I carry on. I was happy to do this but just really posting the results monthly and answering a few questions along the way.

The May totals will be posted later. I had a very poor last week in the month which was very disappointing and was one of those weeks that I wish I'd been at home rather than at work. However, May was still profitable so I have to just relax and look at the big picture - another profitable month

Kind Regards
Steve


I trying a similar approach to your style in demo. So, we ll see.

Take care.
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