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Steviet's Live Trades!

  • #3,741
  • Jul 23, 2009 12:02pm Jul 23, 2009 12:02pm
Actually looking at the 4 hour chart since 20th July, I'm pretty happy to come out of that with a 0.5% loss over the last 4 days.

Hope tomorrow either sees a clean break or clear rejection of 1.4300-30 area.......

PS. Anyone know the price now???? Ahh, that'll be right, 1.4245, the exact entry point 10 hours ago!!!!!!!
  • #3,742
  • Jul 23, 2009 12:31pm Jul 23, 2009 12:31pm
Quoting steviet
Actually looking at the 4 hour chart since 20th July, I'm pretty happy to come out of that with a 0.5% loss over the last 4 days.

Hope tomorrow either sees a clean break or clear rejection of 1.4300-30 area.......

PS. Anyone know the price now???? Ahh, that'll be right, 1.4245, the exact entry point 10 hours ago!!!!!!!
Interesting set and forget method, Steve. Have traded this the last 2 days, but with a slight variation - took partial profit at around +40 and moved SL to breakeven thereafter. Interesting too that the Cable doesn't seem to fit this method.

Btw have a look at this weekly trading method on the Gbpjpy, http://www.forexfactory.com/showthread.php?t=168161.
  • #3,743
  • Jul 23, 2009 4:22pm Jul 23, 2009 4:22pm
Quoting mp777
This is correct, I may have my faults but being wrong isn't one of them

Chris

  • #3,744
  • Jul 23, 2009 8:56pm Jul 23, 2009 8:56pm
I've been following your journal some time ago. Now I see you changed your strategy so I think you might consider some ideas. I know you have a plan already but if you are interested on the idea of trade the market based on probabilities using a semi martingale strategy with 1/2 ratio and 90% winning rate let me know. Maybe you can use some things from this method to implement it to your trade.
  • #3,745
  • Jul 24, 2009 1:52am Jul 24, 2009 1:52am
Quoting steviet
OK,


I'm getting a bit sick & tired of this rangy crap, being up for over 7 hours then reversing. To be quite honest it's far better being stopped out within 10 minutes of opening than to see this.

Kind Regards
Steve

Yes Steve,this range is crazy almost 2 weeks long, but hang on, your 6% will arrive, your strategy is good and the trader too, it's just a matter of time...
  • #3,746
  • Jul 24, 2009 2:05am Jul 24, 2009 2:05am
Short 1.4197 s/l 1.4222
  • #3,747
  • Jul 24, 2009 6:29am Jul 24, 2009 6:29am
Quoting mp777
This is correct, I may have my faults but being wrong isn't one of them

Chris
So this is where all the Yorkshiremen lurk.
I am another Tyke.

Ian
  • #3,748
  • Jul 24, 2009 7:35am Jul 24, 2009 7:35am
Exactly. Stick with it...it will come. You've done your due diligence, now you just need to give the strategy a chance. While the range over the last couple of weeks sucks, it can only provide better insight as to how you'll perform similar occurrences in the future.

But you knew all of that Good stuff Steviet, keep it up.
  • #3,749
  • Jul 24, 2009 11:36am Jul 24, 2009 11:36am
Yup, last few days we've been initially profitable so those able to manage during the day would've done OK - even a target of 50 pips (2%) and the week would've been a good one.

Cable does have it's moments as does USDJPY. Of course if we knew beforehand which pair would play ball before the day starts then that would be great haha.

My spread on EU & UJ is fixed at 2 pips so thats why I plumped for EU. With only a 25 pip stop its tight enough without accounting for wider spreads on some pairs.

Thanks for the link by the way

Kind Regards
Steve
Quoting sojournerr
Interesting set and forget method, Steve. Have traded this the last 2 days, but with a slight variation - took partial profit at around +40 and moved SL to breakeven thereafter. Interesting too that the Cable doesn't seem to fit this method.

Btw have a look at this weekly trading method on the Gbpjpy, http://www.forexfactory.com/showthread.php?t=168161.
  • #3,750
  • Jul 24, 2009 11:40am Jul 24, 2009 11:40am
Thanks for the input dachelm

Having tested this rigourously I'm going to give it a good few months, maybe tinkering with a trailing stop or a % target if further backtesting warrants it.

A really tight range this week meant that a small target would have come up trumps. However a trendy week and you'd rather be letting them run.

Maybe you should start a journal and it would be interesting to see how you go!

Thanks again

Steve
Quoting dachelm
I've been following your journal some time ago. Now I see you changed your strategy so I think you might consider some ideas. I know you have a plan already but if you are interested on the idea of trade the market based on probabilities using a semi martingale strategy with 1/2 ratio and 90% winning rate let me know. Maybe you can use some things from this method to implement it to your trade.
  • #3,751
  • Jul 24, 2009 11:40am Jul 24, 2009 11:40am
I'm hanging Beman I'm hanging

Have yourself a great weekend!

Kind Regards
Steve
Quoting Beman
Yes Steve,this range is crazy almost 2 weeks long, but hang on, your 6% will arrive, your strategy is good and the trader too, it's just a matter of time...
  • #3,752
  • Jul 24, 2009 11:44am Jul 24, 2009 11:44am
Hey thanks Sam

Yes been tough since the end of June really but as you say these times test us and we'll be rewarded when we break.

If you have a trend based system/method the true test is how you deal with the ranges. If you can come out at around break even or even a small loss then you have something worth looking at.

Was rather hoping we'd have a mad Friday and break but we're back where we started again lol.

No worries, trading over for the week - more testing over the weekend thaen back to it Monday morning

Kind Regards
Steve
Quoting sam0182
Exactly. Stick with it...it will come. You've done your due diligence, now you just need to give the strategy a chance. While the range over the last couple of weeks sucks, it can only provide better insight as to how you'll perform similar occurrences in the future.

But you knew all of that Good stuff Steviet, keep it up.
  • #3,753
  • Jul 24, 2009 11:45am Jul 24, 2009 11:45am
Well I think we all know the answer on this one - barely lasted an hour lol
Quoting steviet
Short 1.4197 s/l 1.4222
  • #3,754
  • Jul 24, 2009 10:38pm Jul 24, 2009 10:38pm
Quoting steviet
Well I think we all know the answer on this one - barely lasted an hour lol
keep doing that after 10x -2% s/l you may win the world ^_^
  • #3,755
  • Jul 26, 2009 10:25pm Jul 26, 2009 10:25pm
Hi Steviet & His Fellow Traders

Due to my commitment to work and family, I decided to trade (demo now) on Daily (preferred) and H4. I am excited about your thread / trading method - as it suits my trading preference (it seems there are not many trading on higher TF comparing to lower TF - just my observation)

However, reading your thread from 1st page down and last page up, I came across numerous posting about that you have changed your trading method.

Can you please direct me to the page where I can begin reading your new trading method?

Thank you all for your time.

fxpip8
  • #3,756
  • Jul 27, 2009 2:01am Jul 27, 2009 2:01am
Short 1.42606 s/l 1.42856 (ODL gone to 5 dec places)
  • #3,757
  • Jul 27, 2009 5:49am Jul 27, 2009 5:49am
Quoting steviet
Short 1.42606 s/l 1.42856 (ODL gone to 5 dec places)
s/l was taking out ...

u/chf 1.062 visiting again today..........?
  • #3,758
  • Jul 27, 2009 11:23am Jul 27, 2009 11:23am
Yup, stop loss taken out then the dive - predictable.

Apologies as I may not be posting much the next few days. My teenage son has been taken ill on holiday and will be in hospital for a week. May have to fly out there - trading the last thing on my mind right now.
Quoting billye
s/l was taking out ...

u/chf 1.062 visiting again today..........?
  • #3,759
  • Jul 27, 2009 11:57am Jul 27, 2009 11:57am
Quoting steviet
Yup, stop loss taken out then the dive - predictable.

Apologies as I may not be posting much the next few days. My teenage son has been taken ill on holiday and will be in hospital for a week. May have to fly out there - trading the last thing on my mind right now.
This sort of thing puts it all in perspective.

Best wishes for your son's recovery.
  • #3,760
  • Jul 27, 2009 12:05pm Jul 27, 2009 12:05pm
Thanks Peter

Just got off the phone to the friends who are with him - I think we'll need to fly out to be with him.

Thanks - really appreciate it
Quoting PeterFM
This sort of thing puts it all in perspective.

Best wishes for your son's recovery.
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