Steviet's Live Trades! | Page 48 | 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!

  • #941
  • Feb 20, 2007 11:29am Feb 20, 2007 11:29am
USDCAD stopped out for minus 33 pips. Looks like we may be headed north again.

Currently UJ long is up 48 pips and will be able to bring the stop loss up to within 14 pips of entry price tonight in time for the BOJ rate decision action.

GU is still trying to stay above the 1.9550 resistance and am hoping we'll get a close above that on the daily. Currently up 30 pips there.

EU is still being supported around 1.3130 and am currently minus 25 pips on that trade.

Will be going long USDCAD later - not sure on UCHF yet, it is currently settled around 1.2365 and I'll see how support holds on EU in the next few hours as they are inversely correlated. If 1.3130 goes then I'll be going long UCHF but let's see.

Kind Regards
Steve
  • #942
  • Feb 20, 2007 11:32am Feb 20, 2007 11:32am
Quoting Isotonic
i think your timescales are good for the system you're running. maybe you could go full-time quicker depending on how you get on. still you have a sensible long-term plan to aim for which is good!

if you're trading daily charts, then if your stops are adequate, you shouldn't have to worry to much about intra-day price swings due to news. i've found with trading that less is very much more, and the number of decision points i cut down on the better i do! be wary of calendars, pundits, analyses etc if you're a daily technical trader!
Hey, only just noticed you posted earlier today

I'd love to go full-time asap but I need the capital to trade with which I'll just have to build and add to as I can. Then I'll need an emergency fund to cover at least 6 months outgoings so I know I'm secure if we have a protracted period like we've just had.

Kind Regards
Steve
  • #943
  • Edited 4:21pm Feb 20, 2007 2:37pm | Edited 4:21pm
  •  markt
  • | Joined Jan 2007 | Status: Would be... Full time trader | 88 Posts
Still watching with keen interest which can be more than said for tonights football. (say no more!).. Hope you have a good few days to finish off this month. I am still busy on plan (B). Full time sidekick will be required if successfull. Here's praying... it does! :-)

Great free Kick!!! what were those French players up to??? A disgrace!! (forgot how to spell for a moment there!)
  • #944
  • Feb 20, 2007 4:05pm Feb 20, 2007 4:05pm
OK, 3 trades still active and stop losses tightened....

GBPUSD long from 1.9516 (s/l 1.9470 guarantees minus 46 pips)
USDJPY long from 119.57 (s/l 119.43 guarantees minus 14 pips)
EURUSD long from 1.3157 (s/l 1.3119 guarantees minus 38 pips)

New trades...

USDCAD long from 1.1706 (s/l 1.1627 guarantees minus 79 pips)
USDCHF short from 1.2362 (s/l 1.2403 guarantees minus 41 pips)

All pretty tight stop losses for the method - let's see how BOJ shakes out the market by this time tomorrow

Kind Regards
Steve
  • #945
  • Feb 21, 2007 6:22am Feb 21, 2007 6:22am
This is getting extremely frustrating! Went off to work this morning & GU had just hit 9590 and looking good - now trade still on but been whipsawing all over the place. All other positions were either positive or breaking even.

EU stopped out to the pip (just for a change) for minus 38 pips & UCHF for minus 41 pips.

UJ currently up 125 pips - has been a saviour this month, GU up 7 pips & UCAD down 22 pips.

Catch you later...

Kind Regards
Steve
  • #946
  • Feb 21, 2007 6:33am Feb 21, 2007 6:33am
The cable has been a pain for the last 10 days, it's like a dog chasing its own tail. The USD index has stuck in tight range for weeks now and it looks like there is no catalyst for any breakout. Fundamentally USD is too weak for any larger rebound and GBP and EUR aren't strong enough to push further before larger retracement. Clear stalemate to me.....
  • #947
  • Feb 21, 2007 6:36am Feb 21, 2007 6:36am
Quoting lionn77
The cable has been a pain for the last 10 days, it's like a dog chasing its own tail. The USD index has stuck in tight range for weeks now and it looks like there is no catalyst for any breakout
Yup, thought we had finally seen a breakout this morning but no, back to where we were

Made 123 pips in Nov, 447 in Dec & 605 in Jan from GU but haven't won one single trade in Feb. So far GU has cost me 559 pips in Feb but it will break out some time & I'll be there to see it & profit from it

Kind Regards
Steve
  • #948
  • Feb 21, 2007 11:31am Feb 21, 2007 11:31am
Well, will you look at that daily on UCAD - stopped out for minus 79 pips. It took me nearly a week to squeeze 65 pips from the last short trade then its taken away from me in less than a day. This is getting really painful lol.

Two trades still on - GU long from 1.9516 currently up 6 pips (yippee) & UJ long from 119.57 up by 136 pips. Only be locking in 5 pips on UJ so hope for a continued move up over the next few days - 125 would be nice

Still up overall over 1000 pips but boy has this been difficult these last few weeks - good for keeping my discipline if nothing else because I'll get times like this again in the future. If I can deal with it now I can deal with it then.

Kind Regards
Steve
  • #949
  • Feb 21, 2007 11:36am Feb 21, 2007 11:36am
Quoting steviet
Yup, thought we had finally seen a breakout this morning but no, back to where we were

Made 123 pips in Nov, 447 in Dec & 605 in Jan from GU but haven't won one single trade in Feb. So far GU has cost me 559 pips in Feb but it will break out some time & I'll be there to see it & profit from it

Kind Regards
Steve
i've also been monitoring GPBUSD and how it's been in a tight range and giving somewhat false 'breakouts'. But when you look at SRDC I, it actually keeps you out of these crazy moves, because it depends on the close beyond the high/low of previous day. Just another way to look at it i guess
  • #950
  • Feb 21, 2007 12:00pm Feb 21, 2007 12:00pm
Quoting hilmy83
i've also been monitoring GPBUSD and how it's been in a tight range and giving somewhat false 'breakouts'. But when you look at SRDC I, it actually keeps you out of these crazy moves, because it depends on the close beyond the high/low of previous day. Just another way to look at it i guess
Thanks for your input - I'll be noting all these things and maybe testing them on a demo separately. For now on the live account I must stick exactly to the rules so I know for sure after the year that I'm either onto something I can trade successfully long term or not.

Still confident

Kind Regards
Steve
  • #951
  • Feb 21, 2007 12:03pm Feb 21, 2007 12:03pm
ok, if stevie doesn't mind lets see what's up with cable. i've highlighted dec which was one of your best performing months, and this past month the price action has been similarly choppy (i've been sitting out this one for a few weeks now)...

in dec (while i was away) it was ranging and there were some nice support and resistance plays and this month after the trend line break it's chopping down slowly. the range (from peak to peak) looks similar to last time. now we have two peaks on the downtrend - so there are some possibilities to look at.

i think the trendline break caught you out earlier on and it's slowly chopping up to resistance...

trust me, your negative equity curve will turn around eventually if you stick with it!!!
Attached Image
  • #952
  • Feb 21, 2007 12:10pm Feb 21, 2007 12:10pm
i keep a number of study pairs alongside my active pairs to give a broader view of what the sentiment on a currency is. so with that in mind lets see what the pound is doing. first the big mother...gbpchf
Attached Image
  • #953
  • Feb 21, 2007 12:11pm Feb 21, 2007 12:11pm
look at how the pound has been taking a beating recently. i traded this move on the eurgbp. it's been holding up fairly well against the dollar but will it follow its crosses..?
Attached Image
  • #954
  • Feb 21, 2007 12:13pm Feb 21, 2007 12:13pm
Don't mind at all - times like these I need as many comforting words as possible lol.

Yup, December I made 447 pips in GU but this doesn't really reflect because I closed a 761 pip trade early Dec carried over from November. The rest of December I had similar problems as now but January I made another 605 pips in GU.

It's definitely an all or nothing pair because of the daily range. My winners are big but so are my losers compared to the other pairs. I guess I just need to deal with it because overall it it still my best pair out of the 5.

I'm trusting you lol - I know I can and will do it and must keep telling myself not to live in the moment and get cut up about it. Historically average trade success has been 30-40%, this month barely 13% - tells its own story.

I've had a couple of big winners this month in other pairs which have limited losses and currently UJ is up over 135 pips. This may be the trade of the month if we have a few more days neggy yen sentiment. If not, onto the next one - no worries

You're right about that trendline break on GU but I will make mistakes, its natural - just need to limit them.

Kind Regards
Steve


Quoting Isotonic
ok, if stevie doesn't mind lets see what's up with cable. i've highlighted dec which was one of your best performing months, and this past month the price action has been similarly choppy (i've been sitting out this one for a few weeks now)...

in dec (while i was away) it was ranging and there were some nice support and resistance plays and this month after the trend line break it's chopping down slowly. the range (from peak to peak) looks similar to last time. now we have two peaks on the downtrend - so there are some possibilities to look at.

i think the trendline break caught you out earlier on and it's slowly chopping up to resistance...

trust me, your negative equity curve will turn around eventually if you stick with it!!!
  • #955
  • Feb 21, 2007 12:16pm Feb 21, 2007 12:16pm
last one (i promise)...it is your thread after all!!!

i hope you can see the value of study pairs with this short demo...since they're, in effect, read-only they can add very useful information about other pairs you trade.

however, generally, complete beginners shouldn't loose focus too much by adding too many but i wonder if a few cross-pairs might give new insights into your system..?

(ps: if all these charts are a bit intrusive i'm happy to delete them!!!)
Attached Image
  • #956
  • Feb 21, 2007 12:20pm Feb 21, 2007 12:20pm
Great, thanks - I need to study the crosses to get a better feel for the currency

Quoting Isotonic
last one (i promise)...it is your thread after all!!!

i hope you can see the value of study pairs with this short demo...since they're, in effect, read-only they can add very useful information about other pairs you trade.

however, generally, complete beginners shouldn't loose focus too much by adding too many but i wonder if a few cross-pairs might give new insights into your system..?

(ps: if all these charts are a bit intrusive i'm happy to delete them!!!)
  • #957
  • Feb 21, 2007 3:10pm Feb 21, 2007 3:10pm
Steviet

I also use SRDC I especially on GBP/USD And wins virtually all the time... I use a 40 pip stop... ( and I mean it works 99% of the time !!! ) It is not all my system, but I use it daily incorprated into other things I do... you should check it out... NO it is not massive pips... but it is constant pips...

Where oh where have turbo and Mr Trend gone ??? Especially Mr Trend seems not to post in his journal anymore... I miss him !!

Good luck !!!
  • #958
  • Feb 21, 2007 3:36pm Feb 21, 2007 3:36pm
Okay, I'll be the stupid one...what is SRDC I?

And Steve, I was long USD/JPY last night at 120.03 and 119.68. I gave in to a freind and adjusted my stop loss to 119.85 from 119.53. The stop loss were hit and I ended up with -1 pip then when I came back from a hair cut, I looked at my screen and surprise to see like nothing happened. I thought I experienced a De Javu. Well, my freind did called back and said sorry, but the truth is, I am the only one to blame. I have to take responsibility on all my trades. He is a good freind and he promised not to read too much stuff/junk in the forum, except yours off course.

Regards,
Rick
I'm a disciplined trader and that's the only way I trade.
  • #959
  • Feb 21, 2007 3:59pm Feb 21, 2007 3:59pm
Quoting drick008
Okay, I'll be the stupid one...what is SRDC I?

And Steve, I was long USD/JPY last night at 120.03 and 119.68. I gave in to a freind and adjusted my stop loss to 119.85 from 119.53. The stop loss were hit and I ended up with -1 pip then when I came back from a hair cut, I looked at my screen and surprise to see like nothing happened. I thought I experienced a De Javu. Well, my freind did called back and said sorry, but the truth is, I am the only one to blame. I have to take responsibility on all my trades. He is a good freind and he promised not to read too much stuff/junk in the forum, except yours off course.

Regards,
Rick
Hi Rick,

SRDC was a thread here in FF by a guy called 'Orange Roshan' or something like that but I believe he and his followers have moved on.

Sorry to hear about your UJ trade - this market can be very annoying at times but that's why we love it eh?

Catch you soon - trades to put on....

Kind Regards
Steve
  • #960
  • Feb 21, 2007 4:11pm Feb 21, 2007 4:11pm
OK, been another 'interesting' day lol.

Two trades still on...........

GBPUSD long from 1.9516 (s/l 1.9477 guarantees minus 39 pips)
USDJPY long from 119.57 (s/l 119.62 guarantees plus 5 pips)

On GU we have had 3 consecutive days of higher highs & higher lows - the pair seems like its dying to break on the upside but keeps getting pegged back by negative news. Let's see the reaction to the next US neg news or UK positive news (& please don't dip to take out my s/l before you do it lol).

USDJPY is currently 130 pips up so would hope we can lock in some profit tomorrow as long as it doesn't do a UCAD reversal on us.

New trades.....

USDCAD short from 1.1598 (s/l 1.1725 guarantees minus 127 pips)
USDCHF short from 1.2376 (s/l 1.2423 guarantees minus 47 pips)
EURUSD long from 1.3140 (s/l 1.3102 guarantees minus 38 pips)

OK, UCAD reversed big time on me today but has broken 1.1630 support so would hope for further bearish action before we turn back up.

UCHF although stopping out yesterday's short looks like it is exhausting and is on the way down again.

EU also stopped me out earlier but has got up above 1.3130 again and as it is inversely correlated to UCHF am expecting it to have another go at 1.3200's.

Let's see - patience is a virtue & you sure need a lot of it in this business lol.

Kind Regards
Steve
4 traders viewing now