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Steviet's Live Trades!

  • #3,821
  • Aug 28, 2009 11:49am Aug 28, 2009 11:49am
Hi Ian,

Glad you are taking something from this

My long from 1.43302 I've just closed at 1.43356 for a whopping 5.4 pips rofl. Looks like I got home an hour late but at least positive. I normally wait until 6pm to close so no doubt it will be back up to 1.4350 by then hahahaha.

Also took daily long last night at 1.4350 & so far we've had a pretty tight day. Will move stop to just under 1.4320 area for the weekend assuming we don't make new lows today.

All in all an OK week and up for the month and overall, despite being out of the country for the best week, so showing some merit.

Have a great weekend & catch you Monday.

Steve
Quoting ianf0ster
Predictable, I got stopped out of all of my short E/u trades. 3 separate methods all saying short and bang, up it goes!

So far I like this London reversal method, even though I am only at + 1.6% . The PA around that time (09:00GMT) is very interesting.

Yesterday short @1.4256.6 tightened stop, stopped out for -15
Today long @ 1.4337.8 got nervous (+ Jacko is short) out for +18.6

Ian
  • #3,822
  • Aug 31, 2009 11:12pm Aug 31, 2009 11:12pm
Well, the daily trade long from 1.4350 was stopped out overnight for a loss, as we broke Friday's low before heading up again. Only taken 3 of these trades so far so not enough data to get a clear picture. I'll post proper results for this at the end of September.

However, the normal London open trade was opened long from 1.42635 and closed eventually at 1.43348 for 71.4 pips (+2.85%).

That means we've now been trading this method for a period of 2 and a half months and results are pretty much as expected....

Total profit +6.92%
Win Rate 34% (17 from 50)
Average Win 2.32%

A few things to point out here - win rate is pretty much as expected although because of the tight summer range, average win is a lot lower than backtested. Also I did miss the best week (+8% approx) whilst away which was a bit of a pain.

Lets see what September brings.....

Kind Regards
Steve
  • #3,823
  • Sep 1, 2009 6:19am Sep 1, 2009 6:19am
Well, took a short off the daily at 1.43318 last night but hit my stop loss at 1.43708 for a 39 pip loss grrrrrrrr!!

However, also took short at London open from 1.43645 and currently up 75 pips (3%). Hope we'll break 1.4280 area and I can take some profit some time this evening on my return from work.
  • #3,824
  • Sep 1, 2009 6:28am Sep 1, 2009 6:28am
Who are you using for your charting these days?
  • #3,825
  • Sep 1, 2009 6:30am Sep 1, 2009 6:30am
Hey Scott,

I trade through ODL securities but use Alpari (UK) for charting so far as daily bars are concerned.

Good to hear from you
Quoting smjones
Who are you using for your charting these days?
  • #3,826
  • Sep 1, 2009 6:32am Sep 1, 2009 6:32am
Quoting steviet
Hey Scott,

I trade through ODL securities but use Alpari (UK) for charting so far as daily bars are concerned.

Good to hear from you
So that would be MT4? If so, I'll PM you.
  • #3,827
  • Sep 1, 2009 6:33am Sep 1, 2009 6:33am
Yup that's right - look forward to the PM
Quoting smjones
So that would be MT4? If so, I'll PM you.
  • #3,828
  • Sep 1, 2009 6:36am Sep 1, 2009 6:36am
Quoting steviet
Yup that's right - look forward to the PM
Will be in about an hour. Good to hear from you too.

Thanks Scott
  • #3,829
  • Sep 1, 2009 6:38am Sep 1, 2009 6:38am
No hurry, I'm back to work in a mo!
Quoting smjones
Will be in about an hour. Good to hear from you too.

Thanks Scott
  • #3,830
  • Sep 1, 2009 12:26pm Sep 1, 2009 12:26pm
OK, just closed the short from this morning....

Open price 1.43644
Closed 1.41833

Thats a cool 181.1 pips or 7.244%

Days like this don't come along that often but Steve smiles to himself when they do lol.

Shame the daily trade from 1.4331 was stopped out earlier by 6 pips but that would just be greedy eh?!

Great start to the month - thanks Big Dogs for letting me catch hold of your coat tails today

Kind Regards
Steve
  • #3,831
  • Sep 1, 2009 1:07pm Sep 1, 2009 1:07pm
Quoting steviet
Well, the daily trade long from 1.4350 was stopped out overnight for a loss, as we broke Friday's low before heading up again. Only taken 3 of these trades so far so not enough data to get a clear picture. I'll post proper results for this at the end of September.

However, the normal London open trade was opened long from 1.42635 and closed eventually at 1.43348 for 71.4 pips (+2.85%).

That means we've now been trading this method for a period of 2 and a half months and results are pretty much as expected....

Total profit +6.92%
Win...
I think those results are good on their own, and if you add in the week you missed the results are immense.

Great results either way especially considering the summer months and the ranging we had.

Quoting steviet
OK, just closed the short from this morning....

Open price 1.43644
Closed 1.41833

Thats a cool 181.1 pips or 7.244%

Days like this don't come along that often but Steve smiles to himself when they do lol.

Shame the daily trade from 1.4331 was stopped out earlier by 6 pips but that would just be greedy eh?!

Great start to the month - thanks Big Dogs for letting me catch hold of your coat tails today

Kind Regards
Steve
Mega trade Steve !


When I see stuff like this you make me want to give up my intraday trading
I mean even 3% a month for what . . No more than an hours work a day ?

Now thats the kind of leverage I am talking about
  • #3,832
  • Edited 3:45pm Sep 1, 2009 3:43pm | Edited 3:45pm
Quoting steviet
OK, just closed the short from this morning....

Open price 1.43644
Closed 1.41833

Thats a cool 181.1 pips or 7.244%

Days like this don't come along that often but Steve smiles to himself when they do lol.

Shame the daily trade from 1.4331 was stopped out earlier by 6 pips but that would just be greedy eh?!

Great start to the month - thanks Big Dogs for letting me catch hold of your coat tails today

Kind Regards
Steve
Well done Steve,
That is like a whole month's worth in one trade.

I really outsmarted myself today. I managed to get taken out for an average of +35 pips so just 1.4%. Still it's better than a loss.

Ian
  • #3,833
  • Sep 1, 2009 5:08pm Sep 1, 2009 5:08pm
Thanks Jig,

Yes, things going well overall. July was a stinker with only 3 winning trades out of 20 (and not big winners either).

I think the fact that I have complete faith in this over the long run helps me just place those trades day after day, despite some days being stopped out within minutes. Other days I place the trade thinking ''What am I doing? This is never going to bounce here and technically it has no reason to give me a winning trade'' lol

What I'm really pleased about is that I've more than survived this horrible rangey summer where any moves have been extremely short-lived. Today was definitely payback time and gives me some breathing space.

Good trading to you Jig

Kind Regards
Steve
Quoting Jigsaw
I think those results are good on their own, and if you add in the week you missed the results are immense.

Great results either way especially considering the summer months and the ranging we had.



Mega trade Steve !


When I see stuff like this you make me want to give up my intraday trading
I mean even 3% a month for what . . No more than an hours work a day ?

Now thats the kind of leverage I am talking about
  • #3,834
  • Sep 1, 2009 5:20pm Sep 1, 2009 5:20pm
Ian!

Yup, our situations differ in the fact that most days I just place the trade, set the stop loss & walk out that door.

On my days off its incredibly difficult not to look at the screen and even more difficult not to interfere, especially when I see a winning trade turning on me. My wife will be telling me ''You idiot! Why didn't you close it when it was at £100/200 in profit?'' hehe

I've backtested to not touch the thing until at least 6pm whatever and that gives me the belief to just let things play out.

The advantage you have is that you will get a higher % of winners by closing at the first sign of trouble. The disadvantage of course is that many bigger winners fanny around, reverse and then go. I'll still be in the trade and the chances are you'll have already taken profit.

Of course no way is right and as long as you have rules that you stick to religiously I don't see any problem.

Cheers matey & have a good one tomorrow

Kind Regards
Steve
Quoting ianf0ster
Well done Steve,
That is like a whole month's worth in one trade.

I really outsmarted myself today. I managed to get taken out for an average of +35 pips so just 1.4%. Still it's better than a loss.

Ian
  • #3,835
  • Sep 2, 2009 2:04am Sep 2, 2009 2:04am
Am long on daily from last night from 1.42211 (s/l 1.41749)

Just gone short on London open trade from 1.42426 (s/l 1/42676)
  • #3,836
  • Sep 2, 2009 11:46am Sep 2, 2009 11:46am
Well, nearly 10 hours ago I placed that short & for 9 of them I see the trade has been in profit on this weird day. Just stopped out for a 1% loss.

No worries, I don't mind so much a winner turning into a loser because the method also lets a little winner turn into a mega winner. Overall, I know there is an edge to this so I don't need to be concerned about any one individual trade.

Meanwhile, the daily long from 1.42211 (which for all the world looked like getting stopped out on various occasions throughout the day) is sitting pretty at +2%. As long as the low from today isn't broken in some crazy move the stop loss will be tightened slightly.

Kind Regards
Steve
Quoting steviet
Am long on daily from last night from 1.42211 (s/l 1.41749)

Just gone short on London open trade from 1.42426 (s/l 1/42676)
  • #3,837
  • Sep 2, 2009 12:20pm Sep 2, 2009 12:20pm
Hey Steve,

I really like this method, except that i'm doing some forward testing on taking partial profits. Pros and cons, gotta work out what's best.

Incidentally, this gave me the idea of USDJPY opening at 8pm EST (12am GMT). August results look decent, gotta do more backtests on this.

P.S. Could you shed some light on the daily long method?

Cheers.

Quoting steviet
Well, nearly 10 hours ago I placed that short & for 9 of them I see the trade has been in profit on this weird day. Just stopped out for a 1% loss.

No worries, I don't mind so much a winner turning into a loser because the method also lets a little winner turn into a mega winner. Overall, I know there is an edge to this so I don't need to be concerned about any one individual trade.

Meanwhile, the daily long from 1.42211 (which for all the world looked like getting stopped out on various occasions throughout the day) is sitting pretty at...
  • #3,838
  • Sep 2, 2009 12:39pm Sep 2, 2009 12:39pm
Hi TraderT,

Yes I noticed this pattern some time ago and eventually decided to backtest it using different stop losses and exit rules.

USDJPY is also a good one to look at (nice tight spread) and session opens often do produce that reversal the method is after.

The daily method I've only just started trading live. I'll talk about that more as time goes on. You will notice that I could be long on one method & short the other at the same time so that means a non-US broker allowing this.

Kind Regards
Steve
Quoting TraderT
Hey Steve,

I really like this method, except that i'm doing some forward testing on taking partial profits. Pros and cons, gotta work out what's best.

Incidentally, this gave me the idea of USDJPY opening at 8pm EST (12am GMT). August results look decent, gotta do more backtests on this.

P.S. Could you shed some light on the daily long method?

Cheers.
  • #3,839
  • Sep 2, 2009 12:56pm Sep 2, 2009 12:56pm
Quoting steviet
Well, nearly 10 hours ago I placed that short & for 9 of them I see the trade has been in profit on this weird day. Just stopped out for a 1% loss.

No worries, I don't mind so much a winner turning into a loser because the method also lets a little winner turn into a mega winner. Overall, I know there is an edge to this so I don't need to be concerned about any one individual trade.

Meanwhile, the daily long from 1.42211 (which for all the world looked like getting stopped out on various occasions throughout the day) is sitting pretty at +2%....
Hi Steve,
It was a disapointing day for me too. I took the short, tightened my SL to BE +2.3 and it resversed back and took me out to the pip, before heading back down again even further. At that point I felt really stupid. I only started to feel better when it headed up again after the US figures ( Sorry! ).

Still at least you have your long to comfort you. Though I suspect that if it gets there, people like Jacko will be shorting it in the 1.4350 to 1.4370 region. So if I were you I wouldn't hold it for too long, because I suspect he is looking to see 1.4150 to 1.4170 again.

Ian
  • #3,840
  • Sep 2, 2009 1:22pm Sep 2, 2009 1:22pm
Hi Ian,

Yes a strange day really - look at it this way - you had a winner yesterday and another small one today

Daily, I'll just move stop loss to below today's low & same again tomorrow if it holds until NFP on Friday. At least then I'll have locked some in and NFP can do its thing haha.

Steve
Quoting ianf0ster
Hi Steve,
It was a disapointing day for me too. I took the short, tightened my SL to BE +2.3 and it resversed back and took me out to the pip, before heading back down again even further. At that point I felt really stupid. I only started to feel better when it headed up again after the US figures ( Sorry! ).

Still at least you have your long to comfort you. Though I suspect that if it gets there, people like Jacko will be shorting it in the 1.4350 to 1.4370 region. So if I were you I wouldn't hold it for too...
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