My way to highway

NFP aftermath.
And being unable to sit on my hand.
Then hesitant to fully commit to the trade when it would be needed.
And finally making my IB happy, whomever he is, because the volume today was uncharacteristically huge!!
See chart, nothing to hide, the good, the bad, and the ugly!! UGLY!, most definitely!

In the end, managed to fight my way from underwater, and while chickened out at some places, like obviously the end it seem that i closed too early the bottom, seeing the chart right now it most certainly was a great decision.
Along with 2 tiny scalps ( no chart, simple single hits for few pips) the result for today is +0.24%.
Overall not bad, considering that some point had 4% open drawdown, it is disaster!!

Since there was zero comment about the different tracking solutions, and the differences in result, i will just go with myfxbook here when writing results.
Bare in mind it probably differ from the attached TE some.

After this crazy trade set, that started as a scalp and ended 3 hours later...i decided to end the trading week here.

The result for the week: +1.86%.
Ironically, apart from this last trade the position sizing havent reflected yet the deposit made last time, thus the return seem to be a bit on the lower side of the past.
However, the important measure is $$$, and it is probably one of the stronger weeks.
Not yet there, but feel like heading to the right direction.
Some excitement, but was ready to use the forced equity SL should the DD reach 10%...but was glad to see it stayed at 4% or about, not heart stopping amount.

Happy weekend!

TE still shows an open trade?! WTF?

There is no open trades on the account, and the equity=balance= at new high!

today ended up as a no trade day.
except a tiny scalp for 6 pips, that is all.
not worth or needed a screenshot.

little to add again today.
my pending orders for positions were missed by few pips, and some scalping opportunities i were watching from the sideline.
2 small sets of scalping, EurTry, and EurUsd...a combined +0.07%.
not much, but more than nothing

if someone would be interested ( i doubt)...just without actual pending order prices...
my current watchlist for possible position trades include: EurJpy short, EurNzd short, and UsdHuf long.
UsdHuf is at an especially strong support area, worth to watch how it moves, on H1/H4 already oversold, that should help this support (even if temporary?) to hold up the first time. or maybe to start a decent move backward up. The swap is positive, so, holding isnt cost.

EurNzd short is on.
the target is initially about 0.4% gain, will see. the swap rate on the short is positive.
dependent how EUR goes, might be looking to add to the position.

EurNzd short closed, +0.26% gain.

Silver makes perfect sense. At the current levels there's almost NO room for downside anymore. The Dollar bull trend is over, we're starting into a multi year dollar weakness now. Positive swap is nice indeed but actually the swap itself doesn't hurt so bad at all.

thanks for the answer.
my reply was referring to you OP, that was pretty particular, or so i thought.
your account is going nicely, definitely beat my %return for this week

after a good start of the day, some silly trading...

decided to start to build some UCad long, once again.
maybe in retrospect not looking to be the greatest idea, will see. as a position trade there is no immediate worry about it.
however since the last deposit to the account, maybe this is the first time i commit more according to the new equity level...and yes, while i am doing about the same, there is a mental effect of the larger numbers, even though %age wise all looking the same.
for the time being i think i have what i wanted to open, the current running drawdown is approx -1%...give or take a little.
i have the feeling that 1.27 will hold as support, at least for the time being, and will be fast to close part of the trade if gets above breakeven very slowly.

but the silly was really the ECad "scalp" that ended up as a longer affair, right when i had lessen time to manage it.
was i relieved to get out? YES! ( why would i lie about?)
as the chart shows, it was a good decision not to wait around, although that moment i felt i probably closed early...
at some point it caused me approx 1.5% drawdown, tolerable, although not in line with the gains it gave.
note to self: scalp lighter!!!

also had a scalp, though lesse extent on GCad earlier.
the bad: the slippage on he bottom part pretty much took away my profit.
the good: subsequent fall would bury me.

also had a eventless DE30 ( dax index) short scalp, that was a nice straight hit. ( no chart)

to sum up the day:
total profit made: +0.45%
open drawdown currently: -1%.
the UCad position runs with positive swap rate, that is good. target somewhere around 1.2775-1.2850 range, depend what i see tomorrow on the chart.

a final update for today.
decided to close out the UCad position,
even though it has potential, just sleep better if the account, and it is "good enough" after a hectic day like today.
Ucad result: +0.43%
total gain for today: +0.88%.

note: i have pending order/looking to reopen UCad trade if a pullback happens.

quiet trading day.
when i looked at the list of news, surely expected bit more action.
or maybe there was enough action, just not for my liking.

anyway, today only scalped EurAud...3 times.
total: +0.12%

felt like fighting the trend, and looking back that is clear; and once got tired of it was the easy move. isnt always?

seeing a short opportunity in AudChf. swap is negative, but small, wont hurt.
target is approx previous peak, 0.7450ish. this is a position trade, not scalping. looking to add to the trade, accordingly.

some volatility after the news.
UsdMxn, small scalp, +0.04%.

AudChf position: added to it, target is still approx the same.
Opened AudUsd, with initial target is back bellow 0.7800.

both pairs have small enough trades, that i am prepared to hold into the weekend if wont give me a good exit point before today's trading winding down.
current drowdown on open positions: -0.2% only.

today ends mixed,
closed trades: +0.21%
open positions: -0.56% (AU, ACh, UC)

the week's summary:
closed positions: +1.31% ( the month is at +3.2%)

on track for another profitable month, so far so good.

happy weekend!

all positions closed, each individually in profit, a combined +0.42%.

i strongly believe it had the potential, but the next 2 days i am travelling all day pretty much, with limited to no internet access...simply no need to risk to turn profit back into loss, even if temporarily.
my signature says it all: there is always another trade!!

sorry, no charts tonight.
the rest of the month trading might be sporadic, due the family visit back to my native Hungary.

In Budapest, finally.
Some little positions that work out today,
UsdMxn long, and UsdCad long....a combined profit of approx +0.2%.
Trading away from my PC means too things: approx half the position sizes, and no screenshots.

While on vacation, still think I can manage some light trading, today was a good example of it.

Hi Profitfarmer,

The TE and MyFxbook (which I use, as the TE with Oanda v20 account doesn't work now) were always a little off, and at best just gave you a good indication of how you are trading. For more accurate ROI, I use an annualised IRR which gives me a better overall picture of my real % gains.

I like what you have to say in your posts, and I have similar thoughts to you in some aspects, but not others. You will find as your account grows, that 10% per month) is going to be harder to achieve each month just due to the mental aspect of trading. Starting out with $500, I now have over $20,000 in accounts, and I continue to build on it. Having a 50c loss, compared to a $5 loss, compared to a $50 loss is very different. At some point I will have $500+ losses I imagine - bigger than my original account balance!

I like that you keep your drawdown very low - if you continue to do that, especially as your account grows, you will do very well I feel.

Thank you for checking out my thread.
As for the performance, I think you had misunderstood something
I am not really aiming 10%, or any fixed amount for that matter, the target if any to be in profit, and preferable +2% or more a month.
I am fully aware of the mental challenges of the numbers on a larger account vs a smaller one, my equity is about something you mentioned in your post.
Not easy to fully scale up for that reason, and try to rationalize why using smaller sizes vs the comparable equity level...but then the return potential suffers, that I also try to avoid.
The trick is to stuck the right balance.
Frankly, end of the day this game measured in $$$, though it is lot easier to keep score in %age.
Thus having 100% on a 1k account is still less than 6% on 20k account...but lot more likely to make the later of course.

Right now what incan mostly do is trying to control my drawdown, and so far it seem to work, the same time I am satisfied with the growth too.

Most importantly, there is some big things happening behind the scene, that yet too early to say much about, so let's just tell if all goes thru that will be huge for me!!!
Until the end of month I am virtually on a vacation, and this things also should be sorted the same time...will see

Only a small long trade, UsdNok, +0.1%.

A small open position in EurUsd ( short) get carried on for the weekend, it has positive swap, and it stands approx +0.03%

The week finished at +0.73%.
Not the strongest week, but most definitely a profitable week!!

Happy weekend!