Hello!
Your journal attracted my attention, %2 - a month seems wiser than anything.
Consistency is the holy grail, P-100 annual return is a lot more better than every other interest rates in the world.
I'll be following your trading journal, I wish you good luck on the way of reaching your goal!
2 charts of the exact same transaction(s)....
Similar pattern I had been telling each time, ancient, then correcting on near, then better and close, and ultimately the fantastic entries but close early on being tired.
Flexibility and not anticipating rigid outcomes. RSI wasexactly the just for CSM, or any other things.
Position sizing, which leave space for some errors, and keep the risk low enough not to dread, or get margin call on a relative small mistake, like being originally about 100 pips incorrect where the bottom may be ( it was the close the BRN, however one BRN reduced).
Those who wonder there's no martingale lots, apart from a scout I use same size entries, but what I use is a classic X pip grid. That is not flexible.
This one actually was way out my trading hours, however because I was about, why not?
Some excitement, moderately, but in the end this late action made a OK day a fantastic day!
0.27% was my regular period, averaging 1.04% where the day ended. Surely and hour of my life well spent.
M5
M1
happy trading!
The week ends here.
though technicallly there is some time left, I think I had enough for this week.
And few times hoping to grab the last bit is what price the dearest.
So, the week ends here!
Also it was an intriguing one, started out using a no trade Monday, and still ended up having an outstanding 2.49 per week.
I understand, still in unfavorable for this year (on this TE account!) And well bellow the HWM also, but that doesnt change that this was a fantastic week.
As an additional bonus, two of the 4 days traded had 100% success rate, M. Douglas would say I traded in the zone
today particularly, as I had been patient enough to average almost 7 pips per entrance! Yes, this is big, for a scalper at least! (involving GC shorts and EU longs)
next week will begin with a long weekend, I'm not sure yet exactly how long, but likely to stretch to Thursday.
It might or might not demand some trading that many likely will be restricted to my private account.
But it is going to relate to reloing for the opportunity to town to enjoy better trading conditions since I had currently too many internet related problems here out about the sticks.
At a move to diversify my equity involving brokers, added some more to Axi (part of the prior Fixi master funds).
happy weekend!
Scorpion agility on that commerce that is eurusd, really nice one!
I had a couple of attempts to manually scalp when the market boils, ..., mt4 freeze, price entrance issues, ... not easy! Good job!
Thanks. Authentic, not always easy, particularly if my internet is acting up ( and that's the greatest ingredient for scalping), but now got it right, mostly.Originally Posted by ;
now I got back home, after being away since Saturday.
The mission was to find a town place where I could work with better conditions than to the farm we could have currently.
Victory in the end.
The driving between both places wont be enjoyable, but well, myprevious life on a cruise ship wasnt just enjoyable neither.
Time will tell how things work out, probably will include some pictures after going in about the 1st May.
The trading, I just got home about the time of ECB, and overlooked ( or likely not overlooked) trading on it, but did a good 2 hours trading session on EurUsd after.
10 entrances, all EurUsd longs, as so often finishing just at the base of the cascading when I could start to get things simpler. But my trading time was coming to end and there's absolutely no need to force things, actually, when retrieval is progressing in general.
A net 38 pips, which isnt bad, as there was 2 entrances that closed in losses. 0.62% gain.
Here is the chart for those interested to look at it visually:
happy trading!
Performance sir . . I hope I could be like you
hello
my simplified goal: be in a position to cover the bills and reside at a straightforward yet comfortable life.
I dont find any reason why you couldnt be profitable, and also make a living.
(provided that you have sufficient equity to keep you on course; both generating enough profit to satisfy the greedy requirements and generating enough fear to keep you to risking blowing all away!)
end of another week.
And technically it's also end of the month for me personally, as Monday (and a part of Tuesday too?) Will be consumed by driving/moving in.
Today trading has been revolving around GBP, my decisions were GbpAud, and also for decrease exten GbpCad ( 1 odd EurUsd scalp).
Type of deja vu, originally little early, but overall quite respectable day in the end, the internet 28 pips value a decent 0.46%.
This subsequently help to lift this two days a week to get a 1.1%, what's just fine with me.
April as is, endings at 5.72%
April was a month of recovery, continued the gradual but steady day to day job that began after the two days back-to back DD of 28thFeb and 2ndMarch.
It's still not at its conclusion, by any means, and this TE account still reveals a -4.3% reduction for the year!
On the optimistic note, now only seen the 29th consecutive winning day ending, not my own personal best, but it's a promising one, particularly as during this period the worst DD remained within 2 percent.
I wanted to stage a slow, steady consistent recovery this time, cos the deeper back-to-back drawdown, and I am happy with the progress up to now.
I am blessed, because dont have instant money pressure on myself, and while desire to regain TE account naturally a little faster, on the other hand because my personal account balances the big picture rather well, and then assists maintaining a level head.
Also, while in the prop world drawdown isnt a positive occasion easy cos no HWM= no operation fees; exactly the same the capability to recover is obviously a confidence booster for both the prop company and possible prop opportunities, and of course the for the trader himself too.
Psy/Axi account needed a partial deposit a week which has done some great already, and even though there is still a drawdown there, I am near even on my total deposits today. In accore with the principles, May may observe a readjusting of my prop account there upwards to reflect the accession of equity ( current prop acct size probably should be moved to 50k..., principle: Axi funds = 5x of trader's own at current level).
If and that is a big IF likely! , things stay on track performance moves back to positive, it's a risk that things progress.
There is still plenty to do, and I am looking forward for what gambling in May brings. . .the goal is to BE for the year ( and of course then ultimately a new HWM), but the plan is flexible.
For the greater picture of the aforementioned, next the TE account I comprise a shot from the private one ( that you are carrying the majority of my trading funds).
happy weekend!
PS. Intending to write some thoughts on goals settings and motivation up as I see it today, a couple months down the road trading time, if time permits this weekend. Because the thread is quite, I think isnt considering these thoughts considerably, not that I am getting many technical concerns, lol.
PPS. Decided to draw some money. As looking to build up my trading equity, took time on this. But using a lengthy profit streak, taking out from busy trading circulation of ICM funds appear to be a fantastic precaution. Bank move out signify around 5.5% of total equity, leaving still enough to fulfill my target trading equity wants, but the same time cover a number of their ongoing and upcoming expenses.
Cash has a function in end of the day, and left some years ago the mistake not paying frequently ( and there we're on topic concerning the ongoing objectives and motivation...)
Not too easy to compose my thoughts about writing this bit or not.
Setting initial expectations and goals is hard and subjective enough, and about the road down things get only more and more subjective.
So much so, in a way I believe those who not personally experience it begin not to understand things, just as their angle didnt align with people who travel this route.
.
.
.
I believe that it is better that I removed the original article I wrote here now.
I did work around two hours on it, and was not convinced it is well enough written to reflect my ideas.
On the other hand my own amounts and goals likely not attention even that many since the overall idea of establishing and having aim.
Or even better, landmarks, so that they wont have to set periodically, but only to signal a new part of a journey.
I personally feel that my own journey also has entered to a new chapter, where a lot of the initial goals were fulfilled already, and there is an obvious need to place a few newer ones going forward.
While hard to explain all of my ideas, one significant thing is, these goals doesnt have to be at all a straightforward 'increasingly more income to create'. On the contrary.
Wealth is comparative, and time is constrained.
happy weekend!
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