Steviet's Live Trades! | Page 53 | 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!

  • #1,041
  • Feb 26, 2007 12:36pm Feb 26, 2007 12:36pm
Yup,

If I can average that I'd be a very happy chappy

You do see a lot of posts expecting those kind or returns daily or weekly but I really can't see how it can be done consistently without massive risk.

I'm sure someone may come back at me with regards to that comment but I'll be quite happy just plodding along and still be around next year and the next and the next

I want to do this as a living eventually to support my family so I have to treat it as a business from day 1. Hopefully that's what I'm doing.

Kind Regards
Steve

Quoting howard
5% per month is beyond all expectations
  • #1,042
  • Feb 26, 2007 12:43pm Feb 26, 2007 12:43pm
Quoting steviet
Yup,

If I can average that I'd be a very happy chappy

You do see a lot of posts expecting those kind or returns daily or weekly but I really can't see how it can be done consistently without massive risk.

I'm sure someone may come back at me with regards to that comment but I'll be quite happy just plodding along and still be around next year and the next and the next

I want to do this as a living eventually to support my family so I have to treat it as a business from day 1. Hopefully that's what I'm doing.

Kind Regards
Steve

me too Stevie!!! Your goal is very acheivable. A year and a half ago, I would've stopped trading after 22 losing trades in a row thinking something must be wrong.
  • #1,043
  • Feb 26, 2007 3:06pm Feb 26, 2007 3:06pm
Quoting steviet
Yup,

You do see a lot of posts expecting those kind or returns daily or weekly but I really can't see how it can be done consistently without massive risk.

I'm sure someone may come back at me with regards to that comment but I'll be quite happy just plodding along and still be around next year and the next and the next

I want to do this as a living eventually to support my family so I have to treat it as a business from day 1. Hopefully that's what I'm doing.

Kind Regards
Steve
This is a mark of success. A realistic approach with maturity,patience and an achievable goal. I think it was Seekinglight that said "this could be your greatest month", I totally 100% agree with him. It's within our losses where we learn and grow as a trader. Keep up the great work Steve. I am always watching with great interest.

Cheers,
NP
  • #1,044
  • Feb 26, 2007 3:17pm Feb 26, 2007 3:17pm
Absolutely, you hit the nail on the head

Once you have a system that you've backtested and are confident in, the only missing link is the trader actually trading the system as closely as they can and being absolutely rigid in sticking to the rules.

I'm sure that many traders (me included previously) would have seen 22 straight losses and thought ''hey this stupid system doesn't work'' and go off to find the next best thing to sliced bread.

I'm still in the testing phase but that's all I can do - be loyal to the system and see the results. I may earn less pips than in backtesting because we all make mistakes - just trying not to make too many along the way.

Kind Regards
Steve

Quoting llambert3
me too Stevie!!! Your goal is very acheivable. A year and a half ago, I would've stopped trading after 22 losing trades in a row thinking something must be wrong.
  • #1,045
  • Feb 26, 2007 3:20pm Feb 26, 2007 3:20pm
Hi NP,

Not sure if it was SeekingLight or Isotonic but whoever it was couldn't have said it better. Learning and becoming ever more confident in oneself (not overconfident) and one's system.

Thanks for your kind words as always and all the best

Kind Regards
Steve

Quoting Northpro
This is a mark of success. A realistic approach with maturity,patience and an achievable goal. I think it was Seekinglight that said "this could be your greatest month", I totally 100% agree with him. It's within our losses where we learn and grow as a trader. Keep up the great work Steve. I am always watching with great interest.

Cheers,
NP
  • #1,046
  • Feb 26, 2007 4:07pm Feb 26, 2007 4:07pm
OK, another day over and we've managed to lock in profit on 3 of the 4 open trades. USDCAD, we've tightened stop losses but is looking increasingly vulnerable following poor CAD news earlier.....

USDCHF short from 1.2378 (s/l 1.2342 guarantees plus 36 pips)
GBPUSD long from 1.9566 (s/l 1.9598 guarantees plus 32 pips)
EURUSD long from 1.3125 (s/l 1.3140 guarantees plus 15 pips)
USDCAD short from 1.1598 (s/l 1.1620 guarantees minus 22 pips)

New trade........

USDJPY short from 120.60 (s/l 121.18 guarantees minus 58 pips)

Am not that confident with this trade as UJ is at a level where it could bounce or drop further. Have gone with the method and let's see where we go.

Kind Regards
Steve
  • #1,047
  • Feb 26, 2007 10:57pm Feb 26, 2007 10:57pm
I agree, it can go either way just stick with the method. I am short this one with you let's see what happens. A nice solid reverse from where we came from would be great.. Pips going up and pips going down.. nothing better than that... lol

Jackie
  • #1,048
  • Feb 27, 2007 5:59am Feb 27, 2007 5:59am
Quoting steviet
OK, another day over and we've managed to lock in profit on 3 of the 4 open trades. USDCAD, we've tightened stop losses but is looking increasingly vulnerable following poor CAD news earlier.....

USDCHF short from 1.2378 (s/l 1.2342 guarantees plus 36 pips)
GBPUSD long from 1.9566 (s/l 1.9598 guarantees plus 32 pips)
EURUSD long from 1.3125 (s/l 1.3140 guarantees plus 15 pips)
USDCAD short from 1.1598 (s/l 1.1620 guarantees minus 22 pips)

New trade........

USDJPY short from 120.60 (s/l 121.18 guarantees minus 58 pips)

Am not that confident with this trade as UJ is at a level where it could bounce or drop further. Have gone with the method and let's see where we go.

Kind Regards
Steve
patience is the key
  • #1,049
  • Feb 27, 2007 8:52am Feb 27, 2007 8:52am
i have to say usdjpy is the winner for february!
  • #1,050
  • Feb 27, 2007 11:36am Feb 27, 2007 11:36am
well, feb is nearly over and generally a good time to look over your trades for the month. with a journal you will be doing this to a certain extent i know, but i find it's always good to take monthly snapshots and just have a good look at what you've done this month, and how its been reflected in your capital.

another thing to keep in mind is when you've had a bad month then always look at your good months to keep your spirits up and rekindle the winning feeling if you need it. and vice versa - keep your emotional highs in check by reflecting on the bad times. this way you can balance out your emotions somewhat!

i do hope that other newbies take the time to read this thread to share your experiences since you're one of few people who can articulate them well...(cf with the other journals here).

  • #1,051
  • Feb 27, 2007 12:25pm Feb 27, 2007 12:25pm
Quoting steviet
OK, another day over and we've managed to lock in profit on 3 of the 4 open trades. USDCAD, we've tightened stop losses but is looking increasingly vulnerable following poor CAD news earlier.....

USDCHF short from 1.2378 (s/l 1.2342 guarantees plus 36 pips)
GBPUSD long from 1.9566 (s/l 1.9598 guarantees plus 32 pips)
EURUSD long from 1.3125 (s/l 1.3140 guarantees plus 15 pips)
USDCAD short from 1.1598 (s/l 1.1620 guarantees minus 22 pips)

New trade........

USDJPY short from 120.60 (s/l 121.18 guarantees minus 58 pips)

Am not that confident with this trade as UJ is at a level where it could bounce or drop further. Have gone with the method and let's see where we go.

Kind Regards
Steve
hi steve, just wanted to ask you about that cable trade, you sure about your stoploss?
  • #1,052
  • Edited 12:57pm Feb 27, 2007 12:49pm | Edited 12:57pm
Stop loss was 10 pips below yesterdays low on my chart at 1.9608 so that was correct. Unfortunately, got stopped out for plus 32 pips earlier but my other trades see below

Kind Regards
Steve

Quoting Wallboroff
hi steve, just wanted to ask you about that cable trade, you sure about your stoploss?
  • #1,053
  • Feb 27, 2007 12:56pm Feb 27, 2007 12:56pm
Well, I have been on a course for work today which I really didn't enjoy.

GU was stopped out first thing this morning for plus 32 pips, shortly followed by UCAD for minus 22 pips.

However, upon opening my charts I find UJ up 193 pips, EU up 115 pips & UCHF up 189 pips - wow! These are the days my system craves for.

I tell you I'm sorely tempted to close (but I won't) as they are up over 500 pips although I can only lock in around 100 pips tonight. If I were to close this would do a lot to counter the losses this month but hopefully will be able to lock a great deal more in tomorrow and give March a great start.

Kind Regards
Steve
  • #1,054
  • Feb 27, 2007 1:00pm Feb 27, 2007 1:00pm
Check today's trades above Iso - suddenly the world seems a better place

I'll post my end of month update tomorrow

Kind Regards
Steve

Quoting Isotonic
well, feb is nearly over and generally a good time to look over your trades for the month. with a journal you will be doing this to a certain extent i know, but i find it's always good to take monthly snapshots and just have a good look at what you've done this month, and how its been reflected in your capital.

another thing to keep in mind is when you've had a bad month then always look at your good months to keep your spirits up and rekindle the winning feeling if you need it. and vice versa - keep your emotional highs in check by reflecting on the bad times. this way you can balance out your emotions somewhat!

i do hope that other newbies take the time to read this thread to share your experiences since you're one of few people who can articulate them well...(cf with the other journals here).

  • #1,055
  • Feb 27, 2007 2:24pm Feb 27, 2007 2:24pm
Something is totally wigged. Something big is happening. GJ > 600 pips, EJ 342, USDJPY > 300, Steve, this is not something that's normal.....I don't think anyone will blame you if you put a stop at 119.xx instead of 120.60...

But if this meltdown does go on, I don't think any stop really matters...this is very, very scary....DJI dropping over 500 points in a single day...all of 2007s progress gone in a few hours...dito the yens...my broker has stopped all trading....something's up...
Trust price. Know yourself.
  • #1,056
  • Feb 27, 2007 2:35pm Feb 27, 2007 2:35pm
Quoting SeekingLight
Something is totally wigged. Something big is happening. GJ > 600 pips, EJ 342, USDJPY > 300, Steve, this is not something that's normal.....I don't think anyone will blame you if you put a stop at 119.xx instead of 120.60...

But if this meltdown does go on, I don't think any stop really matters...this is very, very scary....DJI dropping over 500 points in a single day...all of 2007s progress gone in a few hours...dito the yens...my broker has stopped all trading....something's up...
Seeking Light,

You know what you are right. It seems that every currency pair that is related to the Yen has made a very big move today.
  • #1,057
  • Feb 27, 2007 2:35pm Feb 27, 2007 2:35pm
Days like today... those unpredictable days are the reason why your system rocks. It will be interesting to see what pips you can lock in. Just enjoy this trend! Seekinglight is right it is unusal but this system was created for capitalizing on things like this. Great job Steve!

all the best,
Jackie
  • #1,058
  • Feb 27, 2007 2:50pm Feb 27, 2007 2:50pm
Quoting steviet
Stop loss was 10 pips below yesterdays low on my chart at 1.9608 so that was correct. Unfortunately, got stopped out for plus 32 pips earlier but my other trades see below

Kind Regards
Steve
ok, that makes sense. i was just reading over your trades and found it kind of strange that you put your stop higher than your entry. but now everything is cristal clear.

cheers
  • #1,059
  • Feb 27, 2007 2:58pm Feb 27, 2007 2:58pm
Unbelievable day - If I traded my system on a few other pairs we'd be thousands of pips up now lol.

I'll stick with it now we're into the 117's so stop loss will go at 120.86 at guaranteed minus 16 pips lol.

This is the advantage of being in the market all the time - it gives that chance of catching massive moves, maybe only a few times a year but it's fun to watch

Hope you got some bro

Kind Regards
Steve

Quoting SeekingLight
Something is totally wigged. Something big is happening. GJ > 600 pips, EJ 342, USDJPY > 300, Steve, this is not something that's normal.....I don't think anyone will blame you if you put a stop at 119.xx instead of 120.60...

But if this meltdown does go on, I don't think any stop really matters...this is very, very scary....DJI dropping over 500 points in a single day...all of 2007s progress gone in a few hours...dito the yens...my broker has stopped all trading....something's up...
  • #1,060
  • Feb 27, 2007 3:02pm Feb 27, 2007 3:02pm
Thanks Jackie,

Yes, one or two days like these sure makes you forget about the bad ones

It may reverse some way but I would hope not as much as the 550 we are up now. It has retraced some on uj, uchf & eu already - I guess there is some profit taking taking place at the mo as US comes to a close. Be interesting to see what Tokyo makes of it later....

Kind Regards
Steve

Quoting coastalfx
Days like today... those unpredictable days are the reason why your system rocks. It will be interesting to see what pips you can lock in. Just enjoy this trend! Seekinglight is right it is unusal but this system was created for capitalizing on things like this. Great job Steve!

all the best,
Jackie
1 trader viewing now