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Steviet's Live Trades!

  • #761
  • Feb 5, 2007 6:13pm Feb 5, 2007 6:13pm
and I too am taking a beating right now. Infact I am negative because I started this about the time the market went into the range.

However, long it may last even another month... I expect the next harvest to be huge... I am just trying to stay a float and break even for now.

Keep looking for the trend....
  • #762
  • Feb 5, 2007 6:17pm Feb 5, 2007 6:17pm
Quoting coastalfx
and I too am taking a beating right now. Infact I am negative because I started this about the time the market went into the range.

However, long it may last even another month... I expect the next harvest to be huge... I am just trying to stay a float and break even for now.

Keep looking for the trend....
Ouch - you are showing even more discipline than me then lol. At least I had the 3 plus months before the ranging started. I guess it was mid Jan when I was up nearly 2200 pips and now under 1700 but yes, you will be paid back for your patience when the market trends again

Kind Regards
Steve
  • #763
  • Feb 5, 2007 6:33pm Feb 5, 2007 6:33pm
Hi Steviet,

Would you by chance know were I can find on the internet the times of all market opens and closes? I can't seem to find it anywhere.'

Thanks,

Matt
  • #764
  • Feb 5, 2007 6:38pm Feb 5, 2007 6:38pm
Quoting mattdoucet
Hi Steviet,

Would you by chance know were I can find on the internet the times of all market opens and closes? I can't seem to find it anywhere.'

Thanks,

Matt
http://www.forexmarkethours.com
  • #765
  • Feb 5, 2007 8:14pm Feb 5, 2007 8:14pm
Quoting coastalfx
and I too am taking a beating right now. Infact I am negative because I started this about the time the market went into the range.

However, long it may last even another month... I expect the next harvest to be huge... I am just trying to stay a float and break even for now.

Keep looking for the trend....
Same here. The funny thing is I have lots of confidence in the system, because from the start I see how it's working in a ranging market - so I realize the enormous potential it has in a trending market. The confidence remains intact because I know that without question, the market trending is inevitable.
To be one with the market, you must first be one with yourself.
  • #766
  • Feb 6, 2007 2:00am Feb 6, 2007 2:00am
Quoting mattdoucet
Hi Steviet,

Would you by chance know were I can find on the internet the times of all market opens and closes? I can't seem to find it anywhere.'

Thanks,

Matt
you can also find the time here:
http://www.forexfactory.com/forumdisplay.php?f=11

under the sponsor ad to the left
  • #767
  • Feb 6, 2007 6:26am Feb 6, 2007 6:26am
Another great day so far.......not

System is working 100% perfect in that we are keeping losses to a minimum - problem is that we have no winners to let the profits ride

Oh well, hopefully at the end of the 12 months will look back and smile at times like these.

USDCHF stopped out for minus 25 pips & GBPUSD for minus 78 pips.

During these tight ranging times it may be prudent to go down a time frame and pick up what you can on 4 hour charts. Trouble is I can't do that with work commitments so will have to grin & bear it. Next set of trades I have to reduce my pip size as balance has dipped below $200 for the first time since early Jan - thms the rules lol

Total Pip Gain Feb 07: minus 391 pips
Cumulative since Nov 06: plus 1577 pips
Account Bal Increase Feb 07: minus 6.73%
Average Nov-Jan: plus 9.87%

Kind Regards from an increasingly frustrated Steve
  • #768
  • Feb 6, 2007 6:31am Feb 6, 2007 6:31am
Quoting steviet
Kind Regards from an increasingly frustrated Steve
You're not alone
Trade what you see, not what you think.
  • #769
  • Feb 6, 2007 6:38am Feb 6, 2007 6:38am
Quoting karmostaji
You're not alone

Sorry bro - market is killing this method at the moment - I knew it would happen but it's different going through all the emotions live rather than just totting it up on a calculator whilst backtesting.

I've got to stick with it because this is where you are tested the most and I'm really looking forward to more profitable times.

Annoying thing is I see green pips on all these trades but following trends you have to bite the bullet & wait for the big ones to more than pay you back for the losses.

We are only just over a quarter of the way through testing and overall results are near enough as expected. I must see it through to the end and then I'll be sure whether I've found my way of trading or whether I need to look again at how to improve/tweak the method. If I don't do that I'm only cheating the system. Until then I don't change a thing.

Kind Regards
Steve
  • #770
  • Feb 6, 2007 6:42am Feb 6, 2007 6:42am
Quoting steviet
Another great day so far.......not

GBPUSD for minus 78 pips.
My condolences.
If it helps, my cable short from 1.9710 or so vaporized for near nothingness, too, today
Ironically I realized today that yesterday's hit of the trendline made a nice pin bar on the hourly and possibly coincided with the retrace of the pre-NFP daily pin bar. So one coulda done the 140 pips down AND up if one had been a bit on the bold side... Etc, etc, summary: not a cool move by cable

You're not alone, bear with it though, you know you're right
Trust price. Know yourself.
  • #771
  • Feb 6, 2007 6:46am Feb 6, 2007 6:46am
Quoting SeekingLight
My condolences.
If it helps, my cable short from 1.9710 or so vaporized for near nothingness, too, today
Ironically I realized today that yesterday's hit of the trendline made a nice pin bar on the hourly and possibly coincided with the retrace of the pre-NFP daily pin bar. So one coulda done the 140 pips down AND up if one had been a bit on the bold side... Etc, etc, summary: not a cool move by cable

You're not alone, bear with it though, you know you're right
Cheers bro - yup was in half a mind to go long GU last night with the rising trendline now in the low to mid 9500's but thought I had to follow the last candlestick as per rules and would have kicked myself if it went the other way lol.

I think the GBP retail sales surprised on the upside & goodness knows what the BOE will decide tomorrow. I'm pretty sure whatever they decide I'll be on the wrong side of the trade

Oh well, onwards & upwards

Kind Regards
Steve
  • #772
  • Feb 6, 2007 7:03am Feb 6, 2007 7:03am
  •  markt
  • | Joined Jan 2007 | Status: Would be... Full time trader | 88 Posts
I went to H4 charts last night to trade 8 pairs.. 6 still alive!! so maybe some promise...! It is a great thread because everyone will learn something from it.. good or bad... knowledge is everything... so it can only be good news for all concerned...
  • #773
  • Edited 8:54am Feb 6, 2007 8:24am | Edited 8:54am
Quoting steviet
Sorry bro - market is killing this method at the moment - I knew it would happen but it's different going through all the emotions live rather than just totting it up on a calculator whilst backtesting.

I've got to stick with it because this is where you are tested the most and I'm really looking forward to more profitable times.

Annoying thing is I see green pips on all these trades but following trends you have to bite the bullet & wait for the big ones to more than pay you back for the losses.

We are only just over a quarter of the way through testing and overall results are near enough as expected. I must see it through to the end and then I'll be sure whether I've found my way of trading or whether I need to look again at how to improve/tweak the method. If I don't do that I'm only cheating the system. Until then I don't change a thing.

Kind Regards
Steve
This is why you don't trade w/ scared money or more funds that your risking to lose (RISK CAPITAL).

That what usually causes most people to throw their systems out the window instead of staying on the horse.

Only to turn into sheep and be hearded from stable to stable looking for the next great system to only become a statistic.

This has been rough 15days but I'm sure your back testing said there can even be colder days so it just a matter of keeping warm until the weather changes.
  • #774
  • Feb 6, 2007 11:31am Feb 6, 2007 11:31am
Quoting turbokaos
This is why you don't trade w/ scared money or more funds that your risking to lose (RISK CAPITAL).

That what usually causes most people to throw their systems out the window instead of staying on the horse.

Only to turn into sheep and be hearded from stable to stable looking for the next great system to only become a statistic.

This has been rough 15days but I'm sure your back testing said there can even be colder days so it just a matter of keeping warm until the weather changes.
Exactly!

See, you can be quite articulate when you want to be :

I think many traders, especially newbies jump from system to system only to find the grass is not greener on the other side. Once you realise it's not the system but the trader in most cases, you are more than halfway there.

Cheers for the support bro & just getting the t-shirt & shorts out for those sunnier days

Kind Regards
Steve
  • #775
  • Feb 6, 2007 11:37am Feb 6, 2007 11:37am
Quoting markt
I went to H4 charts last night to trade 8 pairs.. 6 still alive!! so maybe some promise...! It is a great thread because everyone will learn something from it.. good or bad... knowledge is everything... so it can only be good news for all concerned...
That's great news Mark - well done

Obviously on the 4 hour charts it would be more difficult to stay in a big trend but at least you can pick up some pips when the market is as difficult as it is now. Normally, even ranges you can come out at least break even on the daily's but the last two weeks or so have been pure evil

I'm still very positive as it's only Feb 6th - you never know, I may break even or better come month's end coz when the market does decide to go, it's time to pick up the hundred plus pip winners again.

Overall, increase in account balance has been.....

Nov 06: plus 7.08%
Dec 06: plus 12.00%
Jan 07: plus 10.54%
Feb 07: minus 6.73%

So, overall I'm up well over 20% from the start which can't be bad can it???

Kind Regards
Steve
  • #776
  • Feb 6, 2007 11:44am Feb 6, 2007 11:44am
No it can't. It's all about sticking to the system Steve.

I am sticking to the dailys call me greed but I am looking for the big trends. I will stick with this system until it is successful or my demo account dries up.

Going back to get my shorts... lol

Later,
Jackie
  • #777
  • Feb 6, 2007 12:03pm Feb 6, 2007 12:03pm
Quoting coastalfx
No it can't. It's all about sticking to the system Steve.

I am sticking to the dailys call me greed but I am looking for the big trends. I will stick with this system until it is successful or my demo account dries up.

Going back to get my shorts... lol

Later,
Jackie
Yup Jackie,

That's where any trend based system makes up for the 60-70% of losing trades - if you can't grab at least a major portion of the trend the method would fall flat on it's face.

Hmm, my EU short is a whisker from being stopped out for minus 19 pips - almost willing it to get hit so I can go long tomorrow rofl.

Kind Regards
Steve
  • #778
  • Feb 6, 2007 12:22pm Feb 6, 2007 12:22pm
  •  markt
  • | Joined Jan 2007 | Status: Would be... Full time trader | 88 Posts
Just got stopped out on Eur/usd here! You know when we need that 20-30% of trend??? Tomorrow please!
  • #779
  • Feb 6, 2007 12:24pm Feb 6, 2007 12:24pm
OK, EU short just stopped out for minus 19 pips. Will be going long later so would like a little retracement by close for a better entry price.

Kind Regards
Steve
  • #780
  • Feb 6, 2007 12:55pm Feb 6, 2007 12:55pm
If today close higher than 70 i think it's better we going long.
steve,go go go and dont let small losses bothering u.cheers

Quoting steviet
OK, EU short just stopped out for minus 19 pips. Will be going long later so would like a little retracement by close for a better entry price.

Kind Regards
Steve
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