My way to highway

NFP Friday.

actually decent trading, but on the actual news, interestingly.
today found some success with GBP pairs. lately they are bit jumpy, somewhat randomly ( no obvious news), but seem to pay for the trouble.

since the 1st Dec ( last Friday) loss, the trading is still in drawdown recovery mode.
a work in progress. but it is progressing.

the week was very strong, +4.33%
the month is still in the red, -3.5%

with little luck, and lot more hard work, i may still see a "green Xmas" 2 weeks for now.

what's your myfxbook link?

you tried being on their auto trader?

i havent tried to be on auto trader, it seem to have lots of losers there
myfxbook stat is locked up, similar to TE.
runs under my username .

for some Xmas present mentoring there was very limit interest.
not really that surprising, everyone is busy usually this time of the year.
anyway, decided to extend this offer for both the 2 person who showed interest.
sincerely hope they can gain something useful, and i have a chance to try a different challenge.
teaching itself isnt new, used to teach martial arts, and for the fun of it, did a couple of month volunteer teaching for free in one of the local elementary school too a while back. but mentoring about forex, (someone not my best friend), is new experience.
probably some point will update on it.

If you really want to teach you should post some points on this thread, I mean that you should write your perspective of the market, I dont mean that you have to put how you trade (your edge), just want to know your opinion about how the market fluctuates.

And also I am interested how you can take so little risk why not you risk more, knowing you have a nice edge.

PD: Sorry for the bad english.

there is only 22 short pages.
have you tried to read back?

there is plenty on some points i think important, even some on my edge and takes ( not exact trades, that hard, as i scalp mainly, so, before i could post they are the past already).
small risk, risk more: also had some on this topic.
the simple answer: limitations.
some personal, some that imposed on external capital, (OPM, or prop money).
investors and prop firms prefer low drawdown, and less interested in the max return% than a max dd%...i know, contrary a bit, but the truth. only noob investors looking the highest gains -usually on a very short track record, or even demo!- and tend to skip that 60-70% worst dd that many very high monthly gains account has.

my risk is not small, though it start out small. as it is up to -10% equity stop loss...there is recovery to consider too! ( however, mentioned i have 2x risk personal account too)
plus often that taking big risk that kills an account...today gained +0.5%....is that low? high? fairly good?
0.5% a day on average can be a 10% month...some may consider that low, however, @ 3% a month i can have a "normal" living...you can then calculate that a 10% month would mean about 3x that, ie. great living, extra money to compound, and save some too...
so, personally i consider 0.5% daily gain very good, and would be happy to take it any day.
not to mention that is approx equal to the amount that my bank is paying me for interest......for 1 year!!

anyway, i highly recommend you to take the time and read back on the journal.
it may answer many of your questions in more details that i covered here.

PS: your English is perfectly fine for me.

Hmmm very interesting.
Actually I dont like to read, it doesnt fit with me.
But your journal is quite interesting so ofc I will pay attention on it.

Thanks for your reply, have a nice day!

So you dont like to read but you are participating in a forum? And all you learned about forex is wispered to you? I think you are more interesting than this journal content. You made me realise there are really nicer people than I am in FF cos I wouldnt bother to give you such a long explanation and be that kind.

Have to say you are right.

"So you dont like to read but you are participating in a forum? "= I am participating in this forum because thanks to the old post my notion of the markets has been changed a lot(for better) so I owe to this forum.
" I think you are more interesting than this journal ... kind." = Im not that idiot to not to appreaciate what others do for me.

It's because you didn't specify that you were going to reveal your:

500% a day using a 100% Win Rate Bank Trading System EA

now that 100% get removed from guaranteed trading, and 500% a day is taken....
i think i have a solution:
a while back Exness started to offer 'unlimited leverage'
probably next time if and when i will offer free mentoring i will title the post:
'free mentoring for unlimited profits'

likely catch more attention
nevertheless, maybe the less interest the better, still busy with trading as well,
as of today, still -2.5% bellow the HWM numbers. on the positive side that means 2/3rd of the loss recovered already, and it is just halfway into December.
in track, and may be able to still close a flat month or about.
will have the answer in 8 trading days

How is the mentoring going thus far ?

If I said I didn't need any mentoring I would be lying.
But why did I not reach for help ?
I also have no clear answer.

Maybe I'm used to getting beat up on my own, used to doing things on my own I'm sure many are and often forget to seek help or assistance

But for some of us our egos get in the way, we think we know better and we don't "need help"

Sometimes our mind just works like 2 opposite sides of the magnetic field, it's hard to get each other and get across our point and that "can" get in the way of learning from each other.

And last but not least this connects to the previous point our way of learning things differ person to person. And our perception the way we process information again varies from person to person based on these we develop our own way to do things. Some may not like how I trade, and I may not like how you trade. We're left with ourselves at the end to solve it all, to work it all out. So maybe a good mentoring would be to go over the basics the fundamentals and simply guide them to the right direction ? I don't know its complicated.

I don't know where I fall into.
Probably a little bit of everything

I don't know how you intend to mentor, over here on past trades ? or could be done live here as well ?
My suggestion you can discard it if you wish to no offense will be taken I promise , to treat this journal or could be another journal like a classroom and just run over trades live ? What do you say ? I'll be tuning in for sure.

hi

with one person we had been thru 2 "sessions" and with the other one will start at the beginning of the next week.
i will leave it up to them to answer your question if they wish to comment, but i would say, in my opinion going well.
of course it is not about teaching point by point a trading system, it is about sharing some of the mental attitude how to use what they already know to, to their better advantage. for example the aspects of realistic expectations, or why many has a flowed concept about R:R, where the target drawdown should be if seriously want to build things toward a full-time carrier, etc...
while it isnt rocket-science we talk about, and i dont claim to have all answers to everything, i believe sometimes maybe all one need is a different point of view they can trust enough to reconsider lots of things that they think it the right things, yet they are things that doesnt work out for them.
sometimes doing the "right thing" over and over, and just wonder why you arent getting ahead...and can virtually do over and over your checklist, but maybe it is something trivial that you miss, not even considering it...

with an example: riding a stationary bike. you know how to get on the bike, you know where the pedals are, no problem finding the handlebar, you know how to start riding, you hear the sound of the wheel turning, so, you are on your way...yet you arent. and doesnt matter how hard you pedal on your bike, how firmly you grip the handles, or what speed you select, it just wont take you out of the room.
LOL, maybe i am not good with examples. maybe you understand what i meant.

i think most of the forum members who struggle, they think the answer is the find more knowledge, as in find another magic indi, learn someone's system, or download/buy the EA that has a nice curve on backtest.
but most has all the practical knowledge they have. only without the way to organize it the right way, may not bring the results one seek.
buy the lego Death Star ( the new SW movie is out today!! YAY!, and i am still not sure to watch it today or tomorrow, cos the news).
but was saying about buying the Death Star lego set. it comes in a big box. all pieces there, but missing the brochure to help you with the steps.
putting the pieces together is easy, and all of them in the box, maybe even some extra pieces as usually the case. but without the guidebook, your chance is lot slimmer to build the Death Star.
of course, is someone getting his first lego set, a little boy, may even need helping to open the box...but most of the members here are well able to build, just keep building from the same set different things.

the "live trades" and classroom suggestion:
i share in this journal couple of things, but i dont try to teach my exact system or take on trading.
the simple reason is that it would differ the result trader to trader.
this is a clean journal, without bigger arguments, a sort of record keeping for me, a sort of writing out some of my thoughts, and a sort of (hopefully) inspiration to others that things can be achieved, if really set your mind to it.
ie. scalping can be consistent, or risk can be controlled, or one can trade 2.5 months pretty much every day without booking a losing day, or such.
some is a self challenge for myself too.
like this drawdown recovery now...
due the very nature of the entries, scalping, i can only post charts with the trades on, after, or one can use and plot all entries from the TE.
most of the times trades are closed before i would even have a chance to open this journal and start to type them in...
today had 4 entries, EA and GA on the AUD news this morning...their lengths: 3 min, 7 min, 6 min, 1 min...
i am sure you see the trouble about it.
nor could be replicated, or "learnt from" as is. but the idea to take small chunks of seemingly meaningless impact of entries, each only using a relative small part of the capital, keep the risk to a relative low of 0.5% or less in total, yet +23 pips later when all closed find +0.23%...and effectively be done for the day, if i choose to.
( still not sure to go to cinema today or tomorrow, cos son has school, and the movie is 2.5 hours long!).

on the other hand, i may consider sometimes to write some live trade ideas, that is my position trading system, i used more in the spring when not yet changed to full-time. my live call for a friend last night was something i could post here, was involved EurNzd, with a limited downside ( was my view) and 50-80 pips profit target.

so, here is something for your benefits, a rare lesson on position trading, from me
for those who wonder about, my chart time is 6 hours behind my actual time ( that shows on the chat).
this was something of a spot on prediction, between my friend and i you can read the reasoning on the chat, then refer to the chart.
the trade was not taken, because my current account has an agreement that i most rarely will hold overnight trades, or any open trades over the weekends.
so, the screenshots, chat 1-2, and then the referred M30 from friend with my notations on ( as per chat) and then my rebuttal H1-H4, and the follow up to see.
this should give some idea, and maybe help with some of the beginning of the post about why not necessary to find all the newer and newer tools, and how a relative simple chart and setup can be workable, with some practice.

happy trading!

Not all traders are ready to share with others what they feel has given them edge in the market. Some so selfish

selfish?
or without obligation?

Yea

I'm sorry 9jatrader but negativity is not allowed here.
If you think profit farmer is being stingy why not roam around a bit and check out other fish (veteran) in the pond.

Some are full of arrogance maybe you've came across some like I did on one of the forums, but that's not entirely excusable for blatantly imposing your biased judgements on OP prior really getting to know the situation.

I was ignored for asking a question with a screenshot at another thread, I didn't do any harm but they weren't so nice.

I liked them for ignoring me No hate buddy. Just don't want any negativity on a journal I like hanging out and I don't hang around arrogant people. So that's that. Quite the contrary he is willing to help.

You do not understand the post. Even the owner of the thread understood the post I shared. I was saying general view about those who refuse to share- not referring to Profitfarmer. Maybe you don't understand English well. Profitfarmer does

Some of us rush through reading post, without even understanding what is posted, only to say sorry later.
If English language is what you're struggling to understand, it's better you remain silent that to post nonsense in response to another post

um, we all read things differently, and i had to think also how to read that post...for a while, then decided my take.
we all come from different countries, different walk of life, and with different understanding.
there is zero need to fight about things.

i appreciate both of you for reading the posts, and commenting.