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Steviet's Live Trades!

  • #4,061
  • Nov 4, 2009 5:01pm Nov 4, 2009 5:01pm
Quoting steviet

Remember what I said before I left? That's right, my systems would perform out of their skin....

In the 10 trading days I missed, the London open method would have realised a profit of 24.94%.
Hi Steve

I have been following your London open trades every day since you started and my results have always been the same as yours within a pip or two. I continued to follow your system while you were away and from Oct 21 - Nov 04 the results were actually a loss of approx 3% (based on 25 pips = 1%).

I believe the different results is due to the time change from summer time to standard time. Europe made the 1 hour time change on Oct 25 but North America did not make the change until Nov 01. I'm not sure if your data feed for your charts is based on US time or not, but when you look back at your charts for that week, I believe your backtesting results may be based on entering at the Frankfurt open rather than the London open. The data on my charts is based on North American time and when I was following your strategy live during that week I had to shift one hour to compensate for the one hour difference. If I had gone away during that time and came back this week and looked at my charts without taking that one hour difference into consideration from Oct 26 - Oct 30, I would have also calculated the huge profit that you stated.

The good news is that you had a good holiday and actually saved money by not trading those 2 weeks!
  • #4,062
  • Nov 5, 2009 12:53am Nov 5, 2009 12:53am
Thanks!

Yes, I'll get together the pics and post a link soon.

Quoting TraderT
Welcome back Steve! PeterFM was away too, do show some of your pics sometime.
  • #4,063
  • Nov 5, 2009 12:58am Nov 5, 2009 12:58am
Thanks for the kind words Jason

I'm just an ordinary guy trying to tell it how it is - sometimes it's not just about pips & £'s but finding out about yourself.

It's great to see the journal has inspired you along the way

Steve
Quoting aSandman
Welcome back Steve! Glad you had a good trip. Also just wanted to stop in and thank you. Watching you grow as a trader and person is so inspiring. You have the courage to show your failures as well achievements. And threw it all you have maintained such class. You are always polite and kind. In short sir, you have always and continue to inspired me to be a better man. Thank you !

Jason
  • #4,064
  • Nov 5, 2009 1:00am Nov 5, 2009 1:00am
LOL you are absolutely right!

Being away I completely forgot we had the time change whilst I was away - thats made me feel a whole lot better
Quoting jama99
Hi Steve

I have been following your London open trades every day since you started and my results have always been the same as yours within a pip or two. I continued to follow your system while you were away and from Oct 21 - Nov 04 the results were actually a loss of approx 3% (based on 25 pips = 1%).

I believe the different results is due to the time change from summer time to standard time. Europe made the 1 hour time change on Oct 25 but North America did not make the change until Nov 01. I'm not sure if your data feed for your charts is...
  • #4,065
  • Nov 5, 2009 1:06am Nov 5, 2009 1:06am
Quoting steviet
LOL you are absolutely right!

Being away I completely forgot we had the time change whilst I was away - thats made me feel a whole lot better
Don't forget to set the times on that EA to the new times you are using. They are programed in GMT which is the same as ODL if I recall.
  • #4,066
  • Nov 6, 2009 4:37am Nov 6, 2009 4:37am
Quoting steviet
LOL you are absolutely right!

Being away I completely forgot we had the time change whilst I was away - thats made me feel a whole lot better
Very glad to hear that Steve. Looks like the market cut you a long overdue break.
  • #4,067
  • Nov 6, 2009 10:31am Nov 6, 2009 10:31am
Just a quick question regarding entry, as I've just begun read and learn this system and don't want to fall behind right out of the chute. If you're watching GU, for instance, and you see that the first hour (Frankfurt) is down, you buy on London open. If you see it's up, you sell on London open. Now, my question is, what time frame are you looking at to determine up or down? Are you watching an hourly chart, a daily chart, etc.?? Lastly, is your stop loss 10 pips below the previous days low / 10 pips above previous days high, or is it 25 pips, as stated in your first post? Good trading and thank you for your time.
  • #4,068
  • Nov 6, 2009 1:27pm Nov 6, 2009 1:27pm
Glad to hear you had a good time! Looking forward to see the pics.

I hope you can start trading with a refreshed mind. Have a good weekend

Quoting steviet
Well hi all

Had a fantastic family holiday to Kenya (paid for by my parents) & just arrived back this morning.

Once we've got some pics together I'll post some here.

Remember what I said before I left? That's right, my systems would perform out of their skin....

In the 10 trading days I missed, the London open method would have realised a profit of 24.94%.

Gutted.
  • #4,069
  • Nov 8, 2009 1:56pm Nov 8, 2009 1:56pm
Cheers Aaron

Chat to you in the week.
Quoting TiaForex
Very glad to hear that Steve. Looks like the market cut you a long overdue break.
  • #4,070
  • Nov 8, 2009 1:57pm Nov 8, 2009 1:57pm
Hi,

OK, looking at the hourly charts to determine entry on the London open method. Stop loss on this method is 25 pips.

Steve
Quoting manperm
Just a quick question regarding entry, as I've just begun read and learn this system and don't want to fall behind right out of the chute. If you're watching GU, for instance, and you see that the first hour (Frankfurt) is down, you buy on London open. If you see it's up, you sell on London open. Now, my question is, what time frame are you looking at to determine up or down? Are you watching an hourly chart, a daily chart, etc.?? Lastly, is your stop loss 10 pips below the previous days low / 10 pips above previous days high, or is it 25 pips,...
  • #4,071
  • Nov 8, 2009 1:58pm Nov 8, 2009 1:58pm
Thanks artov,

Yes, looking forward to the new week & getting back to business
Quoting artov
Glad to hear you had a good time! Looking forward to see the pics.

I hope you can start trading with a refreshed mind. Have a good weekend
  • #4,072
  • Nov 9, 2009 2:03am Nov 9, 2009 2:03am
OK, London open trade is short from 1.49736, s/l 1.49986. Not a great place to have s/l. just below psychological 1.5 level but it's a mechanical method so I just go with it

Still holding long from last Thursday 1.48665 s/l now 1.48100. Target on these daily trades is 250 pips (10%).

Strange, since the clocks went back, when reversal has taken place, EU has been reversing from Frankfurt open rather than London open. I'll have to see if this becomes a regular feature.

Kind Regards
Steve
  • #4,073
  • Nov 9, 2009 12:52pm Nov 9, 2009 12:52pm
Thank you for your response! I still have a lot left to read, but didn't want to start off on the wrong foot. Just out of curiosity, have the results for all the time you've used this system been at or better than you expected? Thank you.
  • #4,074
  • Nov 10, 2009 2:01am Nov 10, 2009 2:01am
Yesterday's London open short was stopped out for 1% loss.

New order is a buy at 1.49726, s/l 1.49476.

Still holding long from 1.48665, s/l now 1.48490.
  • #4,075
  • Nov 10, 2009 2:03am Nov 10, 2009 2:03am
London open method has been traded since mid June. Results have not been as good as expected so far but it needs more time to see whether it's viable long term.

It has gone through a tough patch but that's happened in the past and come through with flying colours.

Let's see......
  • #4,076
  • Nov 10, 2009 2:18am Nov 10, 2009 2:18am
Hang in there big man, the $ will come
Trade what you see, not what you think.
  • #4,077
  • Nov 10, 2009 10:09am Nov 10, 2009 10:09am
Hi Karmo,

London open been up 2% today but just hit stop after 8 hours of mainly being in profit.

Still holding daily long from 1.48665 - probs drop another 100 pips to stop that out for nothing too

Was hoping for a break of 1.5020 area and target was 1.51165 (10%). If we'd hit that would have been a 16% day but shit happens in buckets in this biz.

Steve
Quoting karmostaji
Hang in there big man, the $ will come
  • #4,078
  • Nov 10, 2009 3:39pm Nov 10, 2009 3:39pm
Daily long from 1.48665 now has s/l at 1.49355, locking in 69 pips (2.75%). This one's been a long haul with first 1.4915 area resisting for 3 days & now 1.5020 area the last two.

A fairly strong end to the day but not really done much since London open (1.4973) & NY open (1.4971).

Really need this to get back above 1.5 by London open tomorrow if we are going to get through 1.5020 tomorrow. Stop is now fairly tight for a daily trade so looking for 1.4940 to hold as support.

A win was overdue and 2.75% would be OK although target at 1.51165 for 10% would be sweeter.
  • #4,079
  • Nov 10, 2009 11:54pm Nov 10, 2009 11:54pm
Don't forget... the French, US and CAD have bank holidays tomorrow.
It make make a bit of a difference on liquidity.
Same Whore .... Different Dress
  • #4,080
  • Nov 11, 2009 2:04am Nov 11, 2009 2:04am
London open trade is short from 1.50084, s/l 1.50334.

Still daily long on fro 1.48665 with s/l 1.49355 & target 1.51165.

Not a bad place to short from - if we break previous 2 days highs then stop may be taken out but chances of daily trade hitting target are pretty good.

If we get rejected at 1.5020 area again then the London open trade comes into play.

Hmm, as I write this we are hitting this area already.
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