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Steviet's Live Trades!

  • #1,061
  • Feb 27, 2007 3:24pm Feb 27, 2007 3:24pm
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...
I don't usually pay much attention to fundamentals but these big moves were all to to with the Shanghai stock index posting it's biggest drop in 10 years.

Take a loot at the S&P500. I don't trade it myself but always keep an eye on it.
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  • #1,062
  • Feb 27, 2007 4:10pm Feb 27, 2007 4:10pm
OK, 3 trades still on and currently about 580 pips in profit. Although I'm sorely tempted, stop losses moved as per rules......

USDJPY short from 120.60 (s/l 120.86 guarantees minus 26 pips)
USDCHF short from 1.2378 (s/l 1.2319 guarantees plus 59 pips)
EURUSD long from 1.3125 (s/l 1.3151 guarantees plus 26 pips)

New trades....

GBPUSD short from 1.9619 (s/l 1.9683 guarantees minus 64 pips)
USDCAD long from 1.1673 (s/l 1.1586 guarantees minus 97 pips)

GU has been ranging all day amongst the chaos in other pairs - we did have a daily bear bar though so have gone short as per rules.

UCAD has powered up through 1.1630 resistance so would like to think it has some legs left after todays run.

Tomorrow is the last day of February so I'll post the month's results together with the whole 4 month figures. It looks like the UJ, UCHF & EU trades will probably close in March so shold have a good start to the month.

After today's crazy moves anything is possible tomorrow but would like to think we can lock in a few hundred pips profit in 24 hours.

Kind Regards
Steve
  • #1,063
  • Feb 27, 2007 4:13pm Feb 27, 2007 4:13pm
SNAP.....
  • #1,064
  • Feb 27, 2007 4:15pm Feb 27, 2007 4:15pm
Hey you old b#### hehe

Not a bad day to be on the right side of trades

Kind Regards to all in Oz
Steve

Quoting Xerof
SNAP.....
  • #1,065
  • Feb 27, 2007 4:24pm Feb 27, 2007 4:24pm
NZ actually - we have the north and south islands, and OZ is considered to be the west island ....lol (unless you're from aussie of course, then the perspective is completely polarised : )
  • #1,066
  • Feb 27, 2007 4:27pm Feb 27, 2007 4:27pm
Haha, I'm so sorry

Maybe today has frazzled the brain - anyhow, frazzled or not Steve is a happy chappy for now

Kind Regards
Steve

Quoting Xerof
NZ actually - we have the north and south islands, and OZ is considered to be the west island ....lol (unless you're from aussie of course, then the perspective is completely polarised : )
  • #1,067
  • Feb 27, 2007 4:38pm Feb 27, 2007 4:38pm
  •  markt
  • | Joined Jan 2007 | Status: Would be... Full time trader | 88 Posts
Maybe someone just worked out the BOJ did increase rates by 100% and that it looks (after recent data and talk that US rates are not heading up again anytime soon!!) Good if went your way!! Well done Steve... just the tonic you needed!
  • #1,068
  • Feb 27, 2007 5:15pm Feb 27, 2007 5:15pm
Thanks Mark,

Yup, an unusual day thats for sure with the news out of China followed by the FTSE 100 drop, S&P drop & Greenspan's comments yesterday.

Will be off to sleep soon, stop losses in place & musn't get carried away with today. My system isn't a daily one - I'll be looking for a continuation tomorrow but the market will do what it wants, whatever I may think lol.

Kind Regards
Steve

Quoting markt
Maybe someone just worked out the BOJ did increase rates by 100% and that it looks (after recent data and talk that US rates are not heading up again anytime soon!!) Good if went your way!! Well done Steve... just the tonic you needed!
  • #1,069
  • Feb 27, 2007 5:37pm Feb 27, 2007 5:37pm
I did short GJ after the Friday's dojibaby.Put my order 10 pips under the low of Friday. After it penetrated the 50% fibo on Monday I kept my stop at about 160 pips (ATR) and put a limit buy at the 23.6% fibo which gave me a pretty green February. Little did I know that today's candle will make another 370 pips after my exit. I ain't complaining. And by the way, Stevie, remember: Sex is better without indicators. I owe you.


Quoting steviet
Thanks Mark,

Yup, an unusual day thats for sure with the news out of China followed by the FTSE 100 drop, S&P drop & Greenspan's comments yesterday.

Will be off to sleep soon, stop losses in place & musn't get carried away with today. My system isn't a daily one - I'll be looking for a continuation tomorrow but the market will do what it wants, whatever I may think lol.

Kind Regards
Steve
  • #1,070
  • Feb 27, 2007 5:40pm Feb 27, 2007 5:40pm
You owe me nothing my friend - 'sex is better without indicators'

Great trade on GJ - been a crazy day today that's for sure

Kind Regards
Steve

Quoting milan47
I did short GJ after the Friday's dojibaby.Put my order 10 pips under the low of Friday. After it penetrated the 50% fibo on Monday I kept my stop at about 160 pips (ATR) and put a limit buy at the 23.6% fibo which gave me a pretty green February. Little did I know that today's candle will make another 370 pips after my exit. I ain't complaining. And by the way, Stevie, remember: Sex is better without indicators. I owe you.
  • #1,071
  • Feb 27, 2007 5:51pm Feb 27, 2007 5:51pm
Hey Steve,

Glad to hear you have been having some success! I'm glad to see you short a JPY cross, because I think this baby is going DOWN! You might even consider adding to the position in USD/JPY.. Just a thought..

Best of luck my friend,

Kevin
  • #1,072
  • Feb 28, 2007 1:25am Feb 28, 2007 1:25am
Hey thanks Kevin,

Good to see you popping in to say hello

Hope you managed to bag some pips too

Kind Regards
Steve

Quoting kharvell
Hey Steve,

Glad to hear you have been having some success! I'm glad to see you short a JPY cross, because I think this baby is going DOWN! You might even consider adding to the position in USD/JPY.. Just a thought..

Best of luck my friend,

Kevin
  • #1,073
  • Feb 28, 2007 1:31am Feb 28, 2007 1:31am
yesterday was a potty day in the market was it not?

glad to see everyone swag-bagging those pesky pips!!!
  • #1,074
  • Feb 28, 2007 1:36am Feb 28, 2007 1:36am
Hmm,

Today may be equally potty - haven't actually locked many pips in but I must stay true, potty or not. As I speak UJ has recovered over 100 pips from it's low yesterday so better just switch off the pc & get to work lol.

Kind Regards
Steve

Quoting Isotonic
yesterday was a potty day in the market was it not?

glad to see everyone swag-bagging those pesky pips!!!
  • #1,075
  • Feb 28, 2007 12:35pm Feb 28, 2007 12:35pm
As promised, here are some more detailed results for the 4 completed months using my method. February has been very difficult but we’ve had a better end and should be able to carry forward 272 locked pips into March.

November 2006

Total net pip gain plus 476 pips

Increase in account balance plus 7.08%

GBPUSD plus 123 pips
EURUSD minus 95 pips
USDJPY plus 180 pips
USDCHF plus 211 pips
USDCAD plus 57 pips

December 2006

Total net pip gain plus 856 pips

Increase in account balance plus 12.00%

GBPUSD plus 447 pips
EURUSD plus 342 pips
USDJPY plus 233 pips
USDCHF minus 115 pips
USDCAD minus 51 pips

January 2007

Total net pip gain plus 636 pips

Increase in account balance plus 10.54%

GBPUSD plus 605 pips
EURUSD plus 33 pips
USDJPY minus 110 pips
USDCHF plus 147 pips
USDCAD minus 39 pips

February 2007

Total pip gain minus 909 pips

Increase in account balance minus 14.54%

GBPUSD minus 566 pips
EURUSD minus 255 pips
USDJPY plus 223 pips
USDCHF minus 184 pips
USDCAD minus 127 pips

Cumulative (4 months)

Total net pip gain plus 1059 pips (average plus 264.75 pips per month)

Average increase in account balance plus 3.77% per month

GBPUSD plus 609 pips (average plus 152.25 pips pm)
EURUSD plus 25 pips (average plus 6.25 pips pm)
USDJPY plus 526 pips (average plus 131.5 pips pm)
USDCHF plus 59 pips (average plus 14.75 pips pm)
USDCAD minus 160 pips (average minus 40 pips pm)

So, after four months testing live the method seems to be performing OK overall. A very challenging February but things seem to have turned around. I'm carrying a few hundred pips into March so the figures are slightly scewed.

Obviously, once in a position and in profit the rules keep me in the trade – as I get more experienced I would hope to make more correct calls initially when entering the trades.

Anyhow, it’s been a great journey so far and lots of patience & discipline has been required but it’s paying off so far.

Kind Regards
Steve

  • #1,076
  • Feb 28, 2007 12:58pm Feb 28, 2007 12:58pm
Quoting steviet

So, after four months testing live the method seems to be performing OK overall. A very challenging February but things seem to have turned around. I'm carrying a few hundred pips into March so the figures are slightly scewed.


Anyhow, it’s been a great journey so far and lots of patience & discipline has been required but it’s paying off so far.

Kind Regards
Steve

OK overall?.!!!!....tell u what mate...you are doing better than most of them so called pro's who go around flashing their "systems" for four figure fees!!!!! and u are still in BETA TEST MODE!!!!!....

Well done....ofcourse needless to say keep going..

Best wishes for the months ahead
  • #1,077
  • Feb 28, 2007 1:05pm Feb 28, 2007 1:05pm
Thanks

The last few months I've been putting 'better than expected' but Feb was a blip lol.

I'm so determined that this is what I want to do as a means to support my family & I really hope I'm going the right way about it. I'm not well off financially - far from it - so I figured this was the only way for me to succeed.

Kind Regards
Steve

Quoting Bad.hair.spray
OK overall?.!!!!....tell u what mate...you are doing better than most of them so called pro's who go around flashing their "systems" for four figure fees!!!!! and u are still in BETA TEST MODE!!!!!....

Well done....ofcourse needless to say keep going..

Best wishes for the months ahead
  • #1,078
  • Feb 28, 2007 2:13pm Feb 28, 2007 2:13pm
Quoting boycie
..
Based on your YTD results I am hereby renaming your thread to Sir Steviet's trades.
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  • #1,079
  • Feb 28, 2007 2:18pm Feb 28, 2007 2:18pm
looks like UJ might pull your feb figures up! certainly been a tough month for your system.

just looking at your equity swings from +10% to -14% shows a lot of volatility in your portfolio but thats a consequence of your MM and correlation. if you can handle those swings on a bigger account will show a lot of emotional control few people can handle.

actually i think the month-on-month equity swings are more important than monthly pip totals that most traders (including most professionals) focus on. in a similar way to a cash-flow statement is more informative than a profit/loss statement - seeing the net pips translate into cash is what this business is all about.
  • #1,080
  • Feb 28, 2007 2:20pm Feb 28, 2007 2:20pm
you certainly have a unique blend of humour boycie! :

Quoting boycie
..
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