Long term project, from 164 to (?)

Hello, a little bit about myself. I am trading from the Netherlands and started trading early 2011. At the moment of writing i am 28 years old. My methods are fully technical hybrid(manual as well as automatic). Without going into too much detail about my system, i wish this topic to be a journal where i can track weekly gained % and put some trading notes (non-technical).

The main reason why i opened this topic however is because i see myself as a person with a competitive mindset. As a teenager i wanted to become number one in sports and when gaming join the best clans available. I am a person that can get easily obsessed by things. Figuring out markets was something that i enjoyed first years of trading. After this comes a stage however where you simply do your thing each and every day and wait. A bit of (extra) stimulus wouldnt do any wrong and thats why i opened this topic.

I used to be paranoid when creating trade explorers, information send from your broker to an explorer... who gets to see this information? And in case this account shows continious growth, would my strategy be in danger? On the other hand i hope that if this TE will be succesful some scouts might eventually see some potential in me but thats a totally different story. Also, please note that this for me (despite the low amount), will be a long term project. Dont expect big amounts traded / big growth % in a short timespan. There will be several days in a row where i will not have any trades at all, main reason for this is because i want to snipe the best trades. TE start date is 02-09-2015. For privacy (and paranoid) reasons i blocked price levels as you can see. Lets see how this one will end up...

Some of my other topics created in the past in case wondering:


A recipe for success, which many seem to forget
http://www.forexfactory.com/showthread.php?t=552538

Pull & Push, where we discuss our rare opportunities
http://www.forexfactory.com/showthread.php?t=520816

Key level price interaction & correlation trading
http://www.forexfactory.com/showthread.php?t=361684
(Note: some of the information in here i now consider incorrect)

Believing in yourself
http://www.forexfactory.com/showthread.php?t=368298

Market structure & Mental efficiency
http://www.forexfactory.com/showthread.php?t=371636

Goodluck buddy! Subscribed

Thanks

Not a good start! First week ended up in deep red, -11.8%. Management showed a flaw this week. Losing this way happened to me before and should be avoided. Decided to change a few things to prevent losing big again like this in the future. E/J was the first trade taken without the flaw that got presented to me. Despite a change of management this TE will ofcourse remain active. I dont care if its red, i dont care if it goes deeper red for a short while, as long as the longer term profitability will be possitive.

I dont expect any more trades today unless some sudden volatility kicks in. Recovered some of the losses from last week with a +3.5%. Despite this being a small % increase to many of you i am glad with this result. Big drawdowns are something from the past... Keeping it simple, both in entry and management. Lets see what next week will bring.

Quick note: 16/09/2015 CAD/JPY lost because of spread peak up to 16.20 pips on news (cad manufacturing sales) (analyzed with spread indicator) (problem: not able to TP). Without spread would have won.

Not expecting any more trades today (every order is far away). This week has been a very rough week. Several days triggered multiple trades and i was struggling to keep my head above water. Closing the week with a small + %. (+2.7%).

It still takes a unlucky losing streak to start from the beginning again. Hopefully after a few more weeks i am able to establish a solid longer term bottom in the equity curve... Time will tell.

On a sidenote i am glad i changed my trade management a few weeks ago. Despite it being able to give profit in big bursts the damage taken would also be far too big (as seen in the first trades of my TE). Have a good weekend.

Ouch.... back to square one, unlucky losing streak... At least i got some information in return, we will never stop learning..

Ended up last week with a +3.4% increase. Fortunately recovered from a bad streak of losses earlier that week. Hoping to close this month in breakeven, considering the damage my account took from the very first trades...

So far W sums up this month. Yellen however is still about to speak in an hour +/- ; anything can happen. Despite the monthly gain being small its a win for me. Profit is profit and i learned alot this month...

Edit: Month #1 : +1.4%

No order triggers at all last couple of days.... Going to spend this weekend with some MQ4 language. Trying to optimize efficiency of certain things in order to reduce time involved finding and creating trade setups. Ending the week with a +5.0%.

Not expecting any more trades today. Few sudden volatile moves on several EUR pairs this week, which is good! No notes to self this week. Keep doing what you're doing. Closing the week with +13.0%

Big loss today. Stopped by 1pip on eur/nzd. Nothing system related, trying to finetune management a bit more... keep doing what you are doing. Repeating this over and over, conditioning the mindset is important. As long as the long term curve is possitive its a win.

Last week closed in red.. I believe it was something around -6%. No mistakes made when it comes to triggers, followed the system. These are typical losing streaks that can happen every once in a while. Time will tell if the amount and size of winners will overshadow the losses.

Another big losing trade. I know what went wrong this time... Room for error is very, very small Despite not having any decent profit last 1.5 month i do not consider this wasted time. Its a proffesion that simply takes years to master. Why? Well, because one needs to adjust his or her system in such a way that it can survive all market circumstances. Last 1.5 week has been a different market. No easy learning, no shortcut.