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Steviet's Live Trades!

  • #3,841
  • Sep 2, 2009 1:41pm Sep 2, 2009 1:41pm
Hi Steve,

USDJPY looks good for the first 25-30 pips as session-opening breakout, with stop of around 30 pips. Some days it hits 70 pips, and occasionally > 100. I'll be doing some research on this.

Good to exchange notes with you. I followed your journal since Feb last year - it's one of the longest and most read ones on FF. Admire your patience and determination!

Cheers.

Quoting steviet
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
  • #3,842
  • Sep 2, 2009 2:01pm Sep 2, 2009 2:01pm
Hi again,

Just seen that you've just started a journal too and that you've been through the initiation stage lol.

The important thing is you're still here and reading through your first post you've done a lot of soul searching, reading and testing which is great!

Looking forward to reading your progress. Trust me, if you can keep your journal up for a year it will be the best education you'll ever have.

Kind Regards
Steve
Quoting TraderT
Hi Steve,

USDJPY looks good for the first 25-30 pips as session-opening breakout, with stop of around 30 pips. Some days it hits 70 pips, and occasionally > 100. I'll be doing some research on this.

Good to exchange notes with you. I followed your journal since Feb last year - it's one of the longest and most read ones on FF. Admire your patience and determination!

Cheers.
  • #3,843
  • Sep 3, 2009 2:01am Sep 3, 2009 2:01am
Short taken at London open from 1.43026 with stop loss at 1.43276.

Still holding daily long from 1.42211 (s/l 1.41865).
  • #3,844
  • Sep 3, 2009 5:00pm Sep 3, 2009 5:00pm
Short stopped out around lunchtime for a 1% loss.

Daily long stop loss moved into profit by around 0.5% at 1.42336.
Quoting steviet
Short taken at London open from 1.43026 with stop loss at 1.43276.

Still holding daily long from 1.42211 (s/l 1.41865).
  • #3,845
  • Sep 4, 2009 2:05am Sep 4, 2009 2:05am
Not that different from yesterday morning although overall risk today is 0.5% over the two trades.

Short taken at London open from 1.42872 (s/l 1.43122), normal 1% risk.

Daily long still on from 1.42211 with s/l now 0.5% in profit at 1.42336.

NFP today so there's every chance both positions get stopped out in the 'fun', however a pretty good possibility also that one will be riding high by market close.

Let's see.....
  • #3,846
  • Sep 4, 2009 10:53am Sep 4, 2009 10:53am
Well was off work today and a few hours ago locked in 1% on the short from London open. Just got back in to see we've bounced big time and the stop loss hit.

London open trades for the week total +227.5 pips (+9.1%) so have to be happy with that.

The daily long trade was stopped out during the NFP drop for a 0.5% profit too

Have a great weekend peeps!

Kind Regards
Steve
  • #3,847
  • Edited 2:17pm Sep 4, 2009 12:36pm | Edited 2:17pm
Quoting steviet
Well was off work today and a few hours ago locked in 1% on the short from London open. Just got back in to see we've bounced big time and the stop loss hit.

London open trades for the week total +227.5 pips (+9.1%) so have to be happy with that.

The daily long trade was stopped out during the NFP drop for a 0.5% profit too

Have a great weekend peeps!

Kind Regards
Steve
Hi Steve,
Its a good thing that you were at home. I was wondering if you would be stopped out for a loss of the short as well as the long.
I also got stopped for a profit of 2.4% (61 pips). I am currently kicking myself that I didn't get out at the support around 14190 . I thought it would re-group and then blast through to 1.4150, but I didn't reckon on Mr Roubini messing the plan up.

Cheers,
Ian
  • #3,848
  • Sep 4, 2009 1:11pm Sep 4, 2009 1:11pm
Hi Ian,

Yes, good you got a cool 2.4% too - thought we'd bounce to 4230 area before having another real go at 4190 area but yes, Roubini messed things up rather lol.

Almost feel like I cheated today but then NFP day is always crazy. It would still have been a cracking week despite today.

Sounds like you've had a good week too so now time to relax and look forward to a new week Monday.

Cheers
Steve
Quoting ianf0ster
Hi Steve,
Its a good thing that you were at home. I was wondering if you would be stopped out for a loss of the short as well as the long.
I also got stopped for a profit of 2.4% (61 pips). I am currently kicking myself that I didn't get out at the support around 14190 . I thought it would re-group and then blast through to 1.4250, but I didn't reckon on Mr Roubini messing the plan up.

Cheers,
Ian
  • #3,849
  • Sep 7, 2009 2:18am Sep 7, 2009 2:18am
Well, Monday trade short at London open from 1.43350 was stopped out at 1.43600 in just 9 minutes.

Back tomorrow at the same time.
  • #3,850
  • Edited 12:19pm Sep 7, 2009 5:33am | Edited 12:19pm
Quoting steviet
Well, Monday trade short at London open from 1.43350 was stopped out at 1.43600 in just 9 minutes.

Back tomorrow at the same time.
Hi Steve,
Yes, it just kept going north didn't it?
That's where I have an advantage, I can wait until it shows signs of reversing, or just not get in at all. Today I waited until it reversed down to 1.43450 and got in at 1.4747.8. It went 10 pips my way, so my stoploss is now at -20. It is looking very undecided at present, so I may well get stopped out.

Better luck tomorrow.
Ian

Update: Yes, Was not looking and suddenly saw it around B/e so closed for +0.6pips! Should have hung on a bit longer.
  • #3,851
  • Sep 7, 2009 11:09am Sep 7, 2009 11:09am
Quoting ianf0ster
Hi Steve,
Yes, it just kept going north didn't it?
That's where I have an advantage, I can wait until it shows signs of reversing, or just not get in at all. Today I waited until it reversed down to 1.43450 and got in at 1.4747.8. It went 10 pips my way, so my stoploss is now at -20. It is looking very undecided at present, so I may well get stopped out.

Better luck tomorrow.
Ian
Well done Ian,

Hopefully you've got out with at least a break even trade today

Yes, the way I have to trade the method is pretty crude but I guess my advantage comes when there is a pullback during the day. There would then be a decision to be made as to whether to take profit or tighten stop loss. Often US will continue the move later and that's where I manage to get the occasional biggie.

Hmm, high for the day still 1.4361 - annoying that grrrr!

Kind Regards
Steve
  • #3,852
  • Sep 8, 2009 2:01am Sep 8, 2009 2:01am
Short from London open at 1.43881 (s/l 1.44131)

Am also long on the daily from last night at 1.43361 (s/l 1.42923)
  • #3,853
  • Sep 8, 2009 12:11pm Sep 8, 2009 12:11pm
OK, so the London open short was stopped out fairly quickly again for a 1% loss.

Today, however it's all about the daily long, entered last night at 1.43361. Currently just over 7% up and tonight will move stop to just below entry. Another bull day tomorrow and should be able to lock a few % in

Kind Regards
Steve
  • #3,854
  • Sep 8, 2009 1:22pm Sep 8, 2009 1:22pm
Quoting steviet
OK, so the London open short was stopped out fairly quickly again for a 1% loss.

Today, however it's all about the daily long, entered last night at 1.43361. Currently just over 7% up and tonight will move stop to just below entry. Another bull day tomorrow and should be able to lock a few % in

Kind Regards
Steve
Very nice steviet on the daily long - it appears to be roughly based on the daily London open price, though the stoploss is not clear.

For what it's worth, initial findings on the dollar-yen Tokyo opening seems to be promising, though the method is still being refined. Hope to complete a longer backtest period and yield clearer results soon.
  • #3,855
  • Sep 8, 2009 2:18pm Sep 8, 2009 2:18pm
The daily long was opened at new daily bar at 11pm last night (Alpari) and stop loss is a couple of pips below the previous day's low.

Stop loss will be moved to around 1.4325 in a few hours so essentially now a free trade.

The daily method really needs a few days of either higher lows (long) or lower highs (short), which hasn't happened a great deal the last few months. Nice to see a big daily bar and maybe even a breakout of the pesky range we've been in for ever lol.

Yes, let me know how you get on with your USD/JPY testing - would be interested to know.

Kind Regards
Steve
Quoting TraderT
Very nice steviet on the daily long - it appears to be roughly based on the daily London open price, though the stoploss is not clear.

For what it's worth, initial findings on the dollar-yen Tokyo opening seems to be promising, though the method is still being refined. Hope to complete a longer backtest period and yield clearer results soon.
  • #3,856
  • Sep 9, 2009 2:09am Sep 9, 2009 2:09am
London open, long taken from 1.44853 (s/l 1.44603)

Still holding daily long from 1.43361 (s/l now 1.43256)
  • #3,857
  • Sep 9, 2009 11:07am Sep 9, 2009 11:07am
OK, just closed the London open trade at 1.45688 for 83.5 pips (3.34%).

Barring a big sell off before end of day, should be able to move stop loss on the daily long to 1.44640 on the 1.43361 entry. That's a further 5.11% minimum locked in and guaranteed on that one

Kind Regards
Steve
Quoting steviet
London open, long taken from 1.44853 (s/l 1.44603)

Still holding daily long from 1.43361 (s/l now 1.43256)
  • #3,858
  • Sep 10, 2009 2:03am Sep 10, 2009 2:03am
OK, London open trade is long from 1.45730, s/l 1.45480

Still holding daily long from 1.43361, s/l now 1.44640
  • #3,859
  • Sep 10, 2009 7:40am Sep 10, 2009 7:40am
nice trading steve,hats off to you
student
  • #3,860
  • Sep 10, 2009 7:52am Sep 10, 2009 7:52am
Thanks garrye

Well, not feeling great today - touch of the (swine) flu lol.

OK, the London open trade was stopped out for a 1% loss on the move down this morning.

However, the daily long still active from 1.43361, stop loss currently 1.44640. If the euro continues to rally this afternoon and we've already seen the lows for today, I can move my stop loss to around 1.4516 area, locking in a total of 7%+.

Currently up just over 10% and a break of 1.46 would be sweet......

Kind Regards
Steve
Quoting garrye
nice trading steve,hats off to you
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