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Steviet's Live Trades!

  • #4,241
  • Oct 12, 2010 4:03am Oct 12, 2010 4:03am
Quoting fthingf
Hi Steve,

First time poster in this thread. Looks like I'm late to the party! I've read your 50 sma/ema strategy and it's simple but effective. You explained the method pretty clearly but I just want to clarify a few points:
Hi Fthingf, Steve & Traders

Can you lead me to Steve's most latest trading method as what you mentioned above?

I can't stop Steve from leaving but hope you can reconsider his decision.

Thanks & Cheers
  • #4,242
  • Oct 12, 2010 6:13am Oct 12, 2010 6:13am
Hi tradpat,

I'd recommend you start reading from post 4109.

More details about this daily method can be found in later posts.

Cheers.

Quoting tradpat
Hi Fthingf, Steve & Traders

Can you lead me to Steve's most latest trading method as what you mentioned above?

I can't stop Steve from leaving but hope you can reconsider his decision.

Thanks & Cheers
  • #4,243
  • Oct 12, 2010 9:49am Oct 12, 2010 9:49am
Hi fthingf

Thanks for stepping in there
Quoting fthingf
Hi tradpat,

I'd recommend you start reading from post 4109.

More details about this daily method can be found in later posts.

Cheers.
  • #4,244
  • Oct 12, 2010 11:46am Oct 12, 2010 11:46am
Thanks all
  • #4,245
  • Oct 23, 2010 5:46pm Oct 23, 2010 5:46pm
I started from the beginning. Looked at the charts, still can't get it ((
Is there a post with clear definition of when to enter?

EDIT: I guess I am being lazy. If I go through whole thread I will get it...
but as you know, many times you are not sure if the method (even very profitable) would suit you as a trader... So I thought maybe you could point out the basic rules.. Entry, when, why... ( I understand that the exit is done by SL which is trailed...)
  • #4,246
  • Edited 6:19pm Oct 23, 2010 6:05pm | Edited 6:19pm
This post should clarify - actually 2 methods are traded simultaneously..

Under method 1, two positions are currently live for October, both long from 1.36317.

Under method 2, one position is live (taken 13th Sep) long from 1.28693 - stop loss currently at 1.32139.

http://www.forexfactory.com/showpost...postcount=4164

Quoting Adilius07
I started from the beginning. Looked at the charts, still can't get it ((
Is there a post with clear definition of when to enter?

EDIT: I guess I am being lazy. If I go through whole thread I will get it...
but as you know, many times you are not sure if the method (even very profitable) would suit you as a trader... So I thought maybe you could point out the basic rules.. Entry, when, why... ( I understand that the exit is done by SL which is trailed...)
  • #4,247
  • Oct 24, 2010 4:21am Oct 24, 2010 4:21am
Quoting steviet
This post should clarify - actually 2 methods are traded simultaneously..

Under method 1, two positions are currently live for October, both long from 1.36317.

Under method 2, one position is live (taken 13th Sep) long from 1.28693 - stop loss currently at 1.32139.

http://www.forexfactory.com/showpost...postcount=4164
Thank you very much Steviet! I am going to read it right now. Thanks.
  • #4,248
  • Oct 24, 2010 4:46am Oct 24, 2010 4:46am
Method 1 - always in the market

OK, so method 1 has 2 positions on at the opening price of the month. If the price is below both 50ema & sma then they are both short, vice versa if long.

No stop loss is employed, however if a daily bar closes the other side of the 50 sma that position is closed at either profit or loss. A replacement position is immediately opened (in this case long).

If that daily bar also closes the other side of the 50 ema that position is also closed at either profit or loss & replacement position opened...

So Steviet, if I understand this correctly you would enter on the first day of month when pice is above both sma (for long) and the exit is either the last day of month or if price closes back below MA's (here you would open opposite position even if it is a middle of the month)... that is so?

So you try to capture whole month, and if the strong moves happen you would usually catch it..

Still trying to understand the 2 method..

  • #4,249
  • Oct 24, 2010 4:56am Oct 24, 2010 4:56am
Yes thats correct - method 1 is effectively in the market at all times.

I'll let you digest method 2...
Quoting Adilius07
Method 1 - always in the market

OK, so method 1 has 2 positions on at the opening price of the month. If the price is below both 50ema & sma then they are both short, vice versa if long.

No stop loss is employed, however if a daily bar closes the other side of the 50 sma that position is closed at either profit or loss. A replacement position is immediately opened (in this case long).

[i][size=1]If that daily bar also closes the other side...
  • #4,250
  • Oct 24, 2010 4:59am Oct 24, 2010 4:59am
I'm looking at my EURUSD daily chart. Sure looks good for this year! Sometimes you would be caught in a chop around 50MA's but as I see price usually would not close far away from it so your stops are much smaller in comparison to the huge moves you can catch...

Steviet, this thread is 4 years old. May I kindly ask you how is this method doing in the past 4 years? Do you trade it live? Are there positive returns?
I know this are personal questions, but maybe you don't mind sharing it?
Thank you.

EDIT: no actually I misunderstood. if for method 1 both positions are opened @1.36317 you have a lot to loose since MA's are far... I thought at first that it is done at the MA's (like when price breaks and close above MA).... I don't understand something yet I guess..
  • #4,251
  • Edited 5:23am Oct 24, 2010 5:09am | Edited 5:23am
So AUGUST was a loss for at least 2300 points? - That is if you close immediately at after the price closed below 50EMA??? If to wait until the end of the month loss would extend to 3800 points? hmm

EDIT: Sorry meant August
  • #4,252
  • Oct 24, 2010 5:21am Oct 24, 2010 5:21am
OK, method 1 doesn't employ stop losses - the MA's are effectively the mental stop losses.

Yes, Oct 1st I entered at 1.36317 twice so there is still a possibility the MA's will be crossed before they reach that price.

However, remember I've already banked the longs I took mid September from 1.28776 at September's closing price at 1.3629 area.

When the trend changes I will always get caught at the end but rather than second guessing where the top (or bottom) is, I let the MA's tell me when enough is enough.

I've been trading this particular method live since Nov 2009 and it suits me well. It does take a great degree of discipline - for example these positions at 1.36 area have been over 500 pips up each & I may still take a loss. I have backtested manually back to 1999.

The whole journal was started as I started trading and I've been through a few methods, learning as I went and searching for something that suited me personally.

Method 2 is the one that really makes it as profitable as it is - it does employ an initial 50 pip stop loss but locks in profit as a trend takes hold. It also allows additional positions to be added on pullbacks.
  • #4,253
  • Oct 24, 2010 5:23am Oct 24, 2010 5:23am
No, I made a profit in September as explained in my post at the end of that month - you will have to explain how you get these figures because it's not by trading my methods lol.

Quoting Adilius07
So September was a loss for at least 2300 points? - That is if you close immediately at after the price closed below 50EMA??? If to wait until the end of the month loss would extend to 3800 points? hmm
  • #4,254
  • Oct 24, 2010 5:31am Oct 24, 2010 5:31am
Quoting steviet
No, I made a profit in September as explained in my post at the end of that month - you will have to explain how you get these figures because it's not by trading my methods lol.
Yes sorry I meant August. August was supposed to be a loss, and a big one. Then on first day of September you entered long and stopped out on 7th of September I think this is - and you must enter short here to later being stop out again on 13 Sept... and entered long - this time would close the month with profit.
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  • #4,255
  • Oct 24, 2010 5:37am Oct 24, 2010 5:37am
I see you've now edited to August lol.

August was a pig of a month resulting in a loss of just over 11% - still not sure where you get the 2300 from.

However, overall since trading live from mid November 2009 the results have been....

Nov 09 +3.23%
Dec 09 +5.80%
Jan 10 +15.64%
Feb 10 +8.88%
Mar 10 +5.15%
Apr 10 -7.796%
May 10 +40.716%
Jun 10 +2.846%
Jul 10 +7.968%
Aug 10 -11.452%
Sep 10 +2.516%

So after 11 months we are looking at a profit of over 73% - however if I had employed method 2 for the whole period it would be well in excess of 200%.

It's been a good trending year, not all are this good and most people would give up at the first sign of problems.

Although I trade live through ODL, my calculations are made through a demo with Alpari UK that has no Sunday bars and daily close there is an hour after NY close.

Quoting Adilius07
So AUGUST was a loss for at least 2300 points? - That is if you close immediately at after the price closed below 50EMA??? If to wait until the end of the month loss would extend to 3800 points? hmm

EDIT: Sorry meant August
  • #4,256
  • Oct 24, 2010 5:45am Oct 24, 2010 5:45am
Quoting steviet
I see you've now edited to August lol.

August was a pig of a month resulting in a loss of just over 11% - still not sure where you get the 2300 from.

However, overall since trading live from mid November 2009 the results have been....

Nov 09 +3.23%
Dec 09 +5.80%
Jan 10 +15.64%
Feb 10 +8.88%
Mar 10 +5.15%
Apr 10 -7.796%
May 10 +40.716%
[b][color=green]Jun...
The results sure look good. I need to read more through the thread. Thanks.
And one last question.

Do you think this may also work for stocks? Some stocks (in contrast to FX) could trend for years.... and what if one enteres ONLY when price close above 50 ma's and then does everything like this method... don't you think this way I could enter early in the new trend and stay for whole move?

Thanks for the thread, I'm sure I would read through it. I thing that if I could somehow incorporate J16 PA and this method I could arrive to a killer method that would suit me
  • #4,257
  • Oct 24, 2010 5:51am Oct 24, 2010 5:51am
I don't trade stocks at all so I wouldn't like to comment - EU is the 'trendiest' FX pair I have found so it does suit most of the time.

As all trend based methods you hope to catch the 'meat of the move' - you'll never consistently pick the top or bottom 10-15% of a move unless you're a complete genius

I have a few friends over at J16 - pick Mike's brains as much as he'll let you

Kind Regards
Steve
Quoting Adilius07
The results sure look good. I need to read more through the thread. Thanks.
And one last question.

Do you think this may also work for stocks? Some stocks (in contrast to FX) could trend for years.... and what if one enteres ONLY when price close above 50 ma's and then does everything like this method... don't you think this way I could enter early in the new trend and stay for whole move?

Thanks for the thread, I'm sure I would read through it. I thing that if I could somehow incorporate J16 PA and this method I could arrive to a killer method...
  • #4,258
  • Oct 24, 2010 6:01am Oct 24, 2010 6:01am
Quoting steviet
I don't trade stocks at all so I wouldn't like to comment - EU is the 'trendiest' FX pair I have found so it does suit most of the time.

As all trend based methods you hope to catch the 'meat of the move' - you'll never consistently pick the top or bottom 10-15% of a move unless you're a complete genius

I have a few friends over at J16 - pick Mike's brains as much as he'll let you

Kind Regards
Steve
Yes thanks I am trying hard. Sometimes I have a problem of choosing the A+ setup only so I search the ways to improve...I will follow your thread and I think I will gain a lot from it. Thank you.
  • #4,259
  • Oct 31, 2010 5:12pm Oct 31, 2010 5:12pm
A good October....

The 2 positions opened at 1.36317 on 1st October have just been closed at 1.39644 & 1.39645, resulting in a gain of 13.31% for the month and 86.796% for the full year.

In addition the add on from 13th September is still running from 1.28693, stop loss currently at 1.33219 - nearly 500 pips locked in.

Kind Regards
Steve
  • #4,260
  • Oct 31, 2010 6:19pm Oct 31, 2010 6:19pm
WTG Steve........ Keep up the good work..
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