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Steviet's Live Trades!

  • #4,141
  • Jun 6, 2010 7:35am Jun 6, 2010 7:35am
Hey!

Good to see you pop in and say hello

Yup, in again for June with a couple of positions from 1.2304
Quoting Primate
Since I mostly don't log-in when I read FF I am slightly tardy with this......
What a great trade!

Did you get back in yesterday before/during the next collapse?
Edit: sorry, just read a bit more and see that you're already in.

Nice to hear of successes.
Cheers
  • #4,142
  • Jun 6, 2010 8:03am Jun 6, 2010 8:03am
Quoting steviet
OK, so the 2 positions opened on 2nd May at 1.33273 & 1.33279 were closed a few minutes ago at 1.23097 for a nice profit of 40.716% for May

Let's see what June brings......

Kind Regards
Steve
Nice job Steve!
  • #4,143
  • Jun 6, 2010 8:48am Jun 6, 2010 8:48am
Hi Steve,

I just did a back test from 01/01/2004 to 01/01/2006 and the results was a 462 pip loss. How far back did you test this method before going live?

Thanks,
P
  • #4,144
  • Jun 6, 2010 11:50am Jun 6, 2010 11:50am
Cheers Clash,

Gotta milk it when it's going your way as there are also more testing times
Quoting Clashman
Nice job Steve!
  • #4,145
  • Jun 6, 2010 11:56am Jun 6, 2010 11:56am
To 1999....

How did you do your backtest?

With both 50sma & ema allowing multiple positions with add-ons on a broker without Sunday bars?

I'll re-test this time period manually over the next week as time allows.

Cheers
Steve
Quoting Pirabuji
Hi Steve,

I just did a back test from 01/01/2004 to 01/01/2006 and the results was a 462 pip loss. How far back did you test this method before going live?

Thanks,
P
  • #4,146
  • Jun 6, 2010 12:03pm Jun 6, 2010 12:03pm
I only tested using the 50sma, and i didn't add onto positions, I just did the basic closing positions at the end of the month or when price closes in the opposite direction on the sma and then reversing the position.

how were your results when back testing/
  • #4,147
  • Jun 6, 2010 12:17pm Jun 6, 2010 12:17pm
OK, yes the add-ons really make it - for example, leading into 2004 you'd still have a position from Nov 2003 at around 1.1533 area that wouldn't be closed until 20th Feb 2004 at 1.2530 area. That position alone would be 1000 pips.

Often when a trend kicks in you can have 10 positions on all at once, locking in profit every day with the add-ons. That's what really makes it.

As I say, I'll go through those 2 specific years and let you know - I have a real busy week coming up and I estimate to do this properly and accurately would take me a number of hours.

Quoting Pirabuji
I only tested using the 50sma, and i didn't add onto positions, I just did the basic closing positions at the end of the month or when price closes in the opposite direction on the sma and then reversing the position.

how were your results when back testing/
  • #4,148
  • Jun 6, 2010 12:18pm Jun 6, 2010 12:18pm
What you are doing is perfect for my current circumstances. I'm just going to emulate you for a while. Thanks for sharing.

Jay
  • #4,149
  • Jun 6, 2010 12:20pm Jun 6, 2010 12:20pm
Hey Jay,

Great to see you back!!!

I'm just ironing kids shirts at the mo lol but will be around a little later with a bit of luck

Steve
Quoting Gandolf
What you are doing is perfect for my current circumstances. I'm just going to emulate you for a while. Thanks for sharing.

Jay
  • #4,150
  • Jun 6, 2010 12:21pm Jun 6, 2010 12:21pm
with the add ons steve, when do you close them out? at the end of the month or when they close in the opposite direction?




Quoting steviet
OK, yes the add-ons really make it - for example, leading into 2004 you'd still have a position from Nov 2003 at around 1.1533 area that wouldn't be closed until 20th Feb 2004 at 1.2530 area. That position alone would be 1000 pips.

Often when a trend kicks in you can have 10 positions on all at once, locking in profit every day with the add-ons. That's what really makes it.

As I say, I'll go through those 2 specific years and let you know - I have a real busy week coming up and I estimate to do this properly and accurately would take me...
  • #4,151
  • Jun 6, 2010 12:22pm Jun 6, 2010 12:22pm
These can go on for months - until they are stopped out basically.
Quoting Pirabuji
with the add ons steve, when do you close them out? at the end of the month or when they close in the opposite direction?
  • #4,152
  • Jun 8, 2010 8:45am Jun 8, 2010 8:45am
Hey, Steve.

So... EU is holding at 1.9 the way it was holding at 1.2 ... only again we don't know which way it is going to go.

You are in two positions now... i am wondering what goes through your mind.

Is your mind totally camped out on the fact that the market will do what it does and whatever it does you'll make money?

Or are you wondering about which way it is going to go?

How settled are you about how you will respond? I think i know that answer to this last question, but i would love to hear it from you.

Questions like this have been answered in books... I would love to read whatever you express... long... short... even one word answers. I don't want you to feel pressured to write a long response.

All the best!

J

PS. Hey... just noticed this is my 500th post. I'm glad it was in your thread, addressed to you... and even on this subject.
  • #4,153
  • Jun 8, 2010 1:17pm Jun 8, 2010 1:17pm
Hey Jay,

Firstly congrats on your 500th post to the factory

OK, yes 1.1870 area is the new base for now and as I write the 2 positions from 1.2304 are sitting fairly pretty. It may hold or it could be temporary with 1.16 area the next stop.

I'm always aware that this thing could turn at any time and it's something I have to accept with this method. There is no way I'll ever grab every pip a trend has to offer but I'm looking for a good chunk of it.

As you so rightly say the market will do whatever it wants and there's nothing I can do about it apart from stay true to the method I have in place. At the moment the 'lines in the sand' are a daily close above 1.2739 (ema) or 1.2878 (sma). These bias points change at each days close as the ma's move lower.

As far as I'm concerned I've made nothing this month yet and I have to look at it that way. Of course when you have the benefit of the add-ons, locking in every day on those will ease the mind.

Honestly I've never been so calm as now just going with the flow - granted it's been a good ride down since December but I'd rather be doing this than guessing when it's going to reverse. Let it reverse when the time is right and then I'll change my bias.

Hope that helps Jay

Kind Regards
Steve
Quoting Gandolf
Hey, Steve.

So... EU is holding at 1.9 the way it was holding at 1.2 ... only again we don't know which way it is going to go.

You are in two positions now... i am wondering what goes through your mind.

Is your mind totally camped out on the fact that the market will do what it does and whatever it does you'll make money?

Or are you wondering about which way it is going to go?

How settled are you about how you will respond? I think i know that answer to this last question, but i would love to hear it from you.

Questions like this have...
  • #4,154
  • Jun 8, 2010 8:42pm Jun 8, 2010 8:42pm
Hello Steve,
Quick question for you.How do you go about locking in your add ons at the end of the day?Thanks!
  • #4,155
  • Jun 9, 2010 3:43am Jun 9, 2010 3:43am
Hi Jlmac27

I'm not Steve but what he's told me is he moves his 50 pip stop loss along with the ema or sma, whichever activated the trade. I.e. if he is short then the day after his add on activated he will move the stop loss to 50 pips above the ma.

Hope this is helps.

Pira


Quoting jlmac27
Hello Steve,
Quick question for you.How do you go about locking in your add ons at the end of the day?Thanks!
  • #4,156
  • Jun 9, 2010 11:48am Jun 9, 2010 11:48am
Thanks Pira - you got it
Quoting Pirabuji
Hi Jlmac27

I'm not Steve but what he's told me is he moves his 50 pip stop loss along with the ema or sma, whichever activated the trade. I.e. if he is short then the day after his add on activated he will move the stop loss to 50 pips above the ma.

Hope this is helps.

Pira
  • #4,157
  • Jun 23, 2010 9:17am Jun 23, 2010 9:17am
Hey, Steve.

If i were to use the regular 50 sma i would have been in another position around 2450. My sma removes Sunday data and so price would have needed to continue up to around 2600 to take another position. It is amazing that Sunday data effects an average that much.

I am curious where your sma & ema were at the close of the June 21 candle. Did you take another position?

All the best!

J
  • #4,158
  • Jun 23, 2010 5:21pm Jun 23, 2010 5:21pm
Hi Jay,

Hmm thats weird, my sma was at 1.26398 & ema at 1.25865 at the end of 21st June candle.

Steve
Quoting Gandolf
Hey, Steve.

If i were to use the regular 50 sma i would have been in another position around 2450. My sma removes Sunday data and so price would have needed to continue up to around 2600 to take another position. It is amazing that Sunday data effects an average that much.

I am curious where your sma & ema were at the close of the June 21 candle. Did you take another position?

All the best!

J
  • #4,159
  • Jun 24, 2010 12:16am Jun 24, 2010 12:16am
Hey, Steve.

I have a comparison of MA results below for EU on 21st June close.

Daily 50 SMA:
1.26398 Steve
1.26650 Jay's without Sunday data (28 pips higher)
1.25060 Jay's including Sunday data (134 pips lower)

Daily 50 EMA:
1.25865 Steve
1.26100 Jay's without Sunday data (24 pips higher)
1.25130 Jay's including Sunday data (74 pips lower)

Your charts don't have a Sunday candle... right?

In your opinion, how significant is +/-25 pips on the moving averages?

Would it be true to say that the majority of folks that would emulate your style would be seeing the larger pip differences... not 25... because their MAs include Sunday data?

I am also wondering if most of the institutional managers would be using charts that don't have Sunday data... do you know?

Thanks,

J

Quoting steviet
Hi Jay,

Hmm thats weird, my sma was at 1.26398 & ema at 1.25865 at the end of 21st June candle.

Steve
  • #4,160
  • Jun 24, 2010 9:58am Jun 24, 2010 9:58am
Steve,

I am a long time fan, great thread!

I am interested in the 50sma method. I put this together. You sometimes refer to it as Daily method but I know you use another method and am not sure if they are combined. could you clarify....

Dec. +5.90%
jan +5.64%
feb +8.8%
Mar +5.15%
Apr - 7.796%
May +40.716%
jun ?


If this represents combined methods. I was wondering when you end the month could you show us a YTD % increase or decrease of you account for each method. I am interested in the YTD 50sma %.

thanks
generalz
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