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Steviet's Live Trades!

  • #3,661
  • Jul 8, 2009 1:51am Jul 8, 2009 1:51am
Hi Steve,

Great to see you back and still actively trading.

You inspired my very first post on FF and I still find inspiration when ever I visit your thread. (Your definitely partly to blame for Keeping me trading)

A beautifully simple method, very stress free I can see you have a winner there Steve.

All the very best with your trading.


Regards,

Chris.
  • #3,662
  • Jul 8, 2009 2:04am Jul 8, 2009 2:04am
Long 1.3891, s/l 1.3866
  • #3,663
  • Jul 8, 2009 2:06am Jul 8, 2009 2:06am
Hey there Chris

LOL, sorry about that wolfie!

Thanks for your kind words - let's see how today plays out...

Kind Regards
Steve
Quoting Wolf.
Hi Steve,

Great to see you back and still actively trading.

You inspired my very first post on FF and I still find inspiration when ever I visit your thread. (Your definitely partly to blame for Keeping me trading)

A beautifully simple method, very stress free I can see you have a winner there Steve.

All the very best with your trading.


Regards,

Chris.
  • #3,664
  • Jul 8, 2009 10:24am Jul 8, 2009 10:24am
Quoting steviet
Long 1.3891, s/l 1.3866
Stopped out 1.3866 -1%

June total +11.44%
July total -2.92%

Summary...Caught reversal nicely and was approaching 2% profit on 2 occasions today. Trade lasted over 8 hours which normally means banking a nice profit by now but been a weird old day on EU.

No worries, next trade 8am tomorrow.

Kind Regards
Steve
  • #3,665
  • Jul 9, 2009 2:01am Jul 9, 2009 2:01am
Short 1.3938 s/l 1.3963
  • #3,666
  • Jul 9, 2009 2:58am Jul 9, 2009 2:58am
stopped at 1.3963

June +11.44%
July -3.92%

Oh well, plenty to do today - same time tomorrow
  • #3,667
  • Jul 9, 2009 8:49pm Jul 9, 2009 8:49pm
Hi Steve

Very interesting method. I love the fact that you enter the trade with no TP which allows you to run the trade.

Thanks for continuing to share your journey with us all here on FF.

Dan
  • #3,668
  • Jul 10, 2009 1:49am Jul 10, 2009 1:49am
Hi Dan,

Yes, a method such as this means you have to let the profits run through the day or it simply will not work.

It's not a method for someone who likes a high win rate as this one averages around 30% and you could go for days without a profitable trade. However, I'm only looking for 5 profitable trades a month - anything more and it will be a very good month.

The next few weeks I'm working all day so will post the trade at 8am BST and, unless I'm stopped out in the first 10 minutes won't be back until after London close.

Good to hear from you Dan & hope all is well

Kind Regards
Steve
Quoting andante9
Hi Steve

Very interesting method. I love the fact that you enter the trade with no TP which allows you to run the trade.

Thanks for continuing to share your journey with us all here on FF.

Dan
  • #3,669
  • Jul 10, 2009 2:01am Jul 10, 2009 2:01am
Long 1.3947 s/l 1.3922
  • #3,670
  • Jul 10, 2009 6:36am Jul 10, 2009 6:36am
Hmm, popped back for lunch & I see I've made it a full week of losses this week. Who's idea was it to re-start this journal anyway lol????

OK, let's put all this into perspective.

Started trading this live 15th June and over 12 trades in June won 6 & lost 6 - batting above the method's average.

June +11.44%
Wins 6 Losses 6
Win rate 50%

July so far we've had 8 trades and only 1 winner
July -4.92%
Wins 1 Losses 7
Win rate 12.5%

So, as we near a month of live trading we have
Jun/Jul profit +6.52%
Wins 7 Losses 13
Win rate 35%

You will see that I'm not overly concerned as losses do tend to come in chunks - it's all about being disciplined and placing that trade day after day, rinse & repeat.

Could do with a winner or two next week but the market will do what it likes lol.

Have a great weekend peeps

Steve
  • #3,671
  • Jul 10, 2009 8:54am Jul 10, 2009 8:54am
I am wondering Steve, when you are watching macd for an exit are you watching for the histogram to cross the signal line or are you watching for a bar to change direction (like 'a shorter bar then the last one' would close out a long)?
  • #3,672
  • Jul 10, 2009 10:41am Jul 10, 2009 10:41am
stevie my man, just doing my drop in to see how you are and wish you the best!


Have a great one "mate"


Mike
  • #3,673
  • Jul 10, 2009 12:10pm Jul 10, 2009 12:10pm
Quoting andante9
I am wondering Steve, when you are watching macd for an exit are you watching for the histogram to cross the signal line or are you watching for a bar to change direction (like 'a shorter bar then the last one' would close out a long)?
OK, hopefully this will work lol.

I'm going back to June 24th when we had a +6.65% day to explain exit.

Firstly I've circled the opening Frankfurt hour bar which is clearly bullish. Therefore I'm going short on London open which I did at 1.4131. The trade reversed nicely at 8am and never looked back.

Until I'm back from work the trade stays on. If the blue MACD line is still pointing down (for a short) I stay in until an hourly close when it turns (see circled bar & MACD)

That trade was eventually closed after NY close for a nice 166 pips (6.65%).

Hope this helps.

Kind Regards
Steve
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  • #3,674
  • Jul 10, 2009 12:15pm Jul 10, 2009 12:15pm
Quoting mbqb11
stevie my man, just doing my drop in to see how you are and wish you the best!


Have a great one "mate"


Mike
Hey Mike!

It's truly an honour for you to visit my home hahaha

Catch you soon no doubt

Steve
  • #3,675
  • Jul 10, 2009 3:11pm Jul 10, 2009 3:11pm
Quoting steviet
OK, hopefully this will work lol.

I'm going back to June 24th when we had a +6.65% day to explain exit.

Firstly I've circled the opening Frankfurt hour bar which is clearly bullish. Therefore I'm going short on London open which I did at 1.4131. The trade reversed nicely at 8am and never looked back.

Until I'm back from work the trade stays on. If the blue MACD line is still pointing down (for a short) I stay in until an hourly close when it turns (see circled bar & MACD)

That trade was eventually closed after NY close for a nice 166 pips...
Thanks for the explaination, makes perfect sense.
Have a great weekend!
  • #3,676
  • Jul 10, 2009 3:28pm Jul 10, 2009 3:28pm
I appreciate you taking the time to do this. I learn things from you!

All the best,
Travis
  • #3,677
  • Jul 10, 2009 3:31pm Jul 10, 2009 3:31pm
Quoting andante9
Thanks for the explaination, makes perfect sense.
Have a great weekend!
You too Dan - have a good one
  • #3,678
  • Jul 10, 2009 3:32pm Jul 10, 2009 3:32pm
Quoting DarkDays
I appreciate you taking the time to do this. I learn things from you!

All the best,
Travis
Hey Travis,

Been reading your posts - you're a smart cookie, impressive results

Kind Regards
Steve
  • #3,679
  • Jul 13, 2009 2:01am Jul 13, 2009 2:01am
Short 1.3925 s/l 1.3950
  • #3,680
  • Jul 13, 2009 2:21am Jul 13, 2009 2:21am
Quoting steviet
Short 1.3925 s/l 1.3950
Yo Steve,,

May I know the analysis behind your SHORT entry...

Pretty bullish looking candle I must say... (see blu rectangle)..

Sonic
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