Profit / loss analysis and trading talks

@MarcellusLux Could you tell more about post-trade analysis, how do you do it?

I placed a buy because I expected the resistance level to break through around 1.05410.But this did not happen and the market began to reverse. Fortunately I caught sl.
Perhaps this saved me from big losses.
Marcellus, what do you think I should change in my trading approach and not make this mistake again? Can a pending order be a solution in such a situation?

Oscar555 posted:
@MarcellusLux Could you tell more about post-trade analysis, how do you do it?

The is broad question for one post, so I will answer in general. If you want to know something specific, please post your questions.
After each trading session, I do a comprehensive analysis of closed trades. And according to a number of criteria, I decide what changes to make in the trading plan or trading system. That is, the result and conclusion after analysis can influence subsequent trades. The analysis that I am publishing is the initial stage: market analysis and preliminary assessment of effectiveness.

I hope that someday I will be able to achieve the same results. I try to follow your advice and follow. Thanks for sharing.

MarcellusLux posted:

Oscar555 posted:
@MarcellusLux Could you tell more about post-trade analysis, how do you do it?

The is broad question for one post, so I will answer in general. If you want to know something specific, please post your questions.
After each trading session, I do a comprehensive analysis of closed trades. And according to a number of criteria, I decide what changes to make in the trading plan or trading system. That is, the result and conclusion after analysis can influence subsequent trades. The analysis that I am publishing is the initial stage: market analysis and preliminary assessment of effectiveness.

What criteria do you pay attention to?

Oscar555 posted:

MarcellusLux posted:

Oscar555 posted:
@MarcellusLux Could you tell more about post-trade analysis, how do you do it?

The is broad question for one post, so I will answer in general. If you want to know something specific, please post your questions.
After each trading session, I do a comprehensive analysis of closed trades. And according to a number of criteria, I decide what changes to make in the trading plan or trading system. That is, the result and conclusion after analysis can influence subsequent trades. The analysis that I am publishing is the initial stage: market analysis and preliminary assessment of effectiveness.

What criteria do you pay attention to?

I wanted to ask this too. I hope Marcellus will reveal some info for us.

By the way, Marcellus, I wanted to clarify with you. Is it okay that I start thinking about trading analysis before I start trading? I mean I try to see the trading result in advance and analyze my possible mistakes.

Luigi_gi223 posted:
By the way, Marcellus, I wanted to clarify with you. Is it okay that I start thinking about trading analysis before I start trading? I mean I try to see the trading result in advance and analyze my possible mistakes.

Oh I suppose you are under stress and against this background you are exaggerating.

Oscar555 posted:

MarcellusLux posted:

Oscar555 posted:
@MarcellusLux Could you tell more about post-trade analysis, how do you do it?

The is broad question for one post, so I will answer in general. If you want to know something specific, please post your questions.
After each trading session, I do a comprehensive analysis of closed trades. And according to a number of criteria, I decide what changes to make in the trading plan or trading system. That is, the result and conclusion after analysis can influence subsequent trades. The analysis that I am publishing is the initial stage: market analysis and preliminary assessment of effectiveness.

What criteria do you pay attention to?

I start with trading analysis according to the market state, this is what is published. Then I evaluate the trading effectiveness (also sometimes published). Now that I know what works well and what doesn't live up to expectations, I can adjust my strategy and trading plan.
At the next stage, I compare the previously obtained data and analysis with the current one and try to find regularities and patterns of mistakes and successful solutions.
After the market related analysis I move on to risk management and analyze information about risks during trading, whether my trades were safe and defended from losses enough. The trading system can then be adjusted again to reflect changes in risk management.
The final stage is the formation of a psychological portrait of the trading session, my behavior and reactions to events.

Further, the algorithm or some stages can be repeated until the moment when I am sure that the trading system is ready for the next trading session.

MarcellusLux posted:

Oscar555 posted:

MarcellusLux posted:

Oscar555 posted:
@MarcellusLux Could you tell more about post-trade analysis, how do you do it?

The is broad question for one post, so I will answer in general. If you want to know something specific, please post your questions.
After each trading session, I do a comprehensive analysis of closed trades. And according to a number of criteria, I decide what changes to make in the trading plan or trading system. That is, the result and conclusion after analysis can influence subsequent trades. The analysis that I am publishing is the initial stage: market analysis and preliminary assessment of effectiveness.

What criteria do you pay attention to?

I start with trading analysis according to the market state, this is what is published. Then I evaluate the trading effectiveness (also sometimes published). Now that I know what works well and what doesn't live up to expectations, I can adjust my strategy and trading plan.
At the next stage, I compare the previously obtained data and analysis with the current one and try to find regularities and patterns of mistakes and successful solutions.
After the market related analysis I move on to risk management and analyze information about risks during trading, whether my trades were safe and defended from losses enough. The trading system can then be adjusted again to reflect changes in risk management.
The final stage is the formation of a psychological portrait of the trading session, my behavior and reactions to events.

thank you for explaining

Luigi_gi223 posted:
By the way, Marcellus, I wanted to clarify with you. Is it okay that I start thinking about trading analysis before I start trading? I mean I try to see the trading result in advance and analyze my possible mistakes.

You shouldn't overdo it, all in good time and advance expectations can only destroy your trading plan. Try to move on to searching and assessing possible scenarios and risks instead of false expectations.

MarcellusLux posted:
Please remember that mutual respect is important. All participants who do not adhere to it will be prohibited.

Profit/loss analysis involves evaluating the financial outcomes of trades or investment decisions. It assesses the profitability of individual trades, trading strategies, or overall investment portfolios by comparing realized gains or losses against initial investment or capital. This analysis provides insights into the effectiveness of trading strategies, risk management practices, and helps traders and investors make informed decisions to improve performance over time.

Oh I opened a sell position at the level of 1.08344 for the EURUSD. Based on the charts and signals I got. I see a breakdown of the support level of 1.08380 and expect that the market will continue to sell in the short term. For now, I don’t see any point in opening an order for the long term.
What are your thoughts?

MarcellusLux posted:

Oscar555 posted:

MarcellusLux posted:

Oscar555 posted:
@MarcellusLux Could you tell more about post-trade analysis, how do you do it?

The is broad question for one post, so I will answer in general. If you want to know something specific, please post your questions.
After each trading session, I do a comprehensive analysis of closed trades. And according to a number of criteria, I decide what changes to make in the trading plan or trading system. That is, the result and conclusion after analysis can influence subsequent trades. The analysis that I am publishing is the initial stage: market analysis and preliminary assessment of effectiveness.

What criteria do you pay attention to?

I start with trading analysis according to the market state, this is what is published. Then I evaluate the trading effectiveness (also sometimes published). Now that I know what works well and what doesn't live up to expectations, I can adjust my strategy and trading plan.
At the next stage, I compare the previously obtained data and analysis with the current one and try to find regularities and patterns of mistakes and successful solutions.
After the market related analysis I move on to risk management and analyze information about risks during trading, whether my trades were safe and defended from losses enough. The trading system can then be adjusted again to reflect changes in risk management.
The final stage is the formation of a psychological portrait of the trading session, my behavior and reactions to events.

Thanks for the clarification! Could you specify which psychological factors, in your opinion, most affect trading outcomes?

WhiteWitcher posted:
Oh I opened a sell position at the level of 1.08344 for the EURUSD. Based on the charts and signals I got. I see a breakdown of the support level of 1.08380 and expect that the market will continue to sell in the short term. For now, I don’t see any point in opening an order for the long term.
What are your thoughts?

The idea is good and indeed on the short-term 30-minute chart I noted the MACD sell signal. At the same time, you correctly noted the importance of the level 1.08380. But if I traded, I would consider the prospect of movement more broadly. For example, in this situation, after testing the EMA 100 on the four-hour chart, the price actually began to fall until now and you could improve your analysis by also looking at the long term. The fall was confirmed by the MACD crossing the signal line on the four-hour chart after breaking through 1.08000 on Thursday.

At the moment I am interested in the situation with EUR/USD, but I will consider a possible entry into the market after breaking through the level of 1.07200 and further confirmation below the support of 1.06870.

MarcellusLux posted:
EUR/USD
The trading analysis for today will consist of two parts (profit and loss). And I’ll start with a trade that was closed by stop loss on Wednesday EUR/USD with the drawdown of 1.26%.
My analysis and subsequent expectations were based on the fact that I saw a high probability of reaching the 1.10000 double top level in the coming hours and accordingly focused on short-term profits. It is important to note that this conclusion came true for now. When I entered the market, I understood the risk associated with the likely formation of a correction in a narrowing channel and therefore secured the trade with a stop loss. But unfortunately, I did not take into account the possibility of the 1.09870 level pressure, which turned out to be a key resistance. The opening of the trade was also justified by the fact that there was an increase after the correctional wave to the level of 1.09700. I believed that support would contribute to further growth. But I neglected the short-term MACD indicators, which could have confirmed a further decline, instead I paid attention first to the four-hour MACD and a clear buy signal. An inaccuracy that was decisive.

Can you explain how to draw similar charts and construct price outlook? Is there any theory apart from intuition?

MarcellusLux posted:

Oscar555 posted:

MarcellusLux posted:

Oscar555 posted:
@MarcellusLux Could you tell more about post-trade analysis, how do you do it?

The is broad question for one post, so I will answer in general. If you want to know something specific, please post your questions.
After each trading session, I do a comprehensive analysis of closed trades. And according to a number of criteria, I decide what changes to make in the trading plan or trading system. That is, the result and conclusion after analysis can influence subsequent trades. The analysis that I am publishing is the initial stage: market analysis and preliminary assessment of effectiveness.

What criteria do you pay attention to?

I start with trading analysis according to the market state, this is what is published. Then I evaluate the trading effectiveness (also sometimes published). Now that I know what works well and what doesn't live up to expectations, I can adjust my strategy and trading plan.
At the next stage, I compare the previously obtained data and analysis with the current one and try to find regularities and patterns of mistakes and successful solutions.
After the market related analysis I move on to risk management and analyze information about risks during trading, whether my trades were safe and defended from losses enough. The trading system can then be adjusted again to reflect changes in risk management.
The final stage is the formation of a psychological portrait of the trading session, my behavior and reactions to events.

Very informative, thanks. What do you consider to be the key efficiency criteria when analyzing your trades?