Profit / loss analysis and trading talks

Dec 24, 2023 at 07:12
2,781 Views
152 Replies
Member Since May 19, 2020   401 posts
Apr 24 at 19:44
Some EUR/USD trading talks.
EUR/USD is trying to regain the level lost last week, starting a correction after falling to 1.06000. However, I see the possibility of the fall continuation and even an attempt to decline to 1.04500.
On the four-hour chart, the Euro Dollar is now trying to cross the EMA 100, which coincides with the key resistance level of 1.07000. Thus, the currency pair will face a strong obstacle to growth, which may lead to further decline. In addition to the EMA 100 level, on the four-hour chart I would highlight the EMA 200 level, which will be a marker for buying if nevertheless the market overcomes 1.07000 and has the power to grow further. But even in case of growth, the prospect of possible targets does not look attractive, because at the level of 1.08100 the currency pair will encounter additional resistance, which is also the level of the current daily EMA 100, 200. The next level will be located nearby, at 1.08800.
In my opinion, at the moment, it is more likely that the correction will end, it’s already exhausted, and will fall again to 1.06000. However, this may be the beginning of some correctional channel with several stages of fluctuations, but nevertheless, if 1.06000 is passed, then a fall to 1.04500 will be a logical continuation. If in the near future, after testing the four-hour EMA 100 at 1.07150, the price does not go higher, but begins to fall, then the MACD will confirm the prospect of a further fall deeper, moving into the negative zone.

Attachments:

@Marcellus8610
Member Since Apr 08, 2024   30 posts
Apr 25 at 06:54
I love your insights on EUR/USD trading! Your analysis is thorough and provides a clear picture of potential market movements. Keep up the great work; your expertise is truly valuable!
Member Since Sep 29, 2022   62 posts
Apr 25 at 12:33
MarcellusLux posted:
Some EUR/USD trading talks.
EUR/USD is trying to regain the level lost last week, starting a correction after falling to 1.06000. However, I see the possibility of the fall continuation and even an attempt to decline to 1.04500.
On the four-hour chart, the Euro Dollar is now trying to cross the EMA 100, which coincides with the key resistance level of 1.07000. Thus, the currency pair will face a strong obstacle to growth, which may lead to further decline. In addition to the EMA 100 level, on the four-hour chart I would highlight the EMA 200 level, which will be a marker for buying if nevertheless the market overcomes 1.07000 and has the power to grow further. But even in case of growth, the prospect of possible targets does not look attractive, because at the level of 1.08100 the currency pair will encounter additional resistance, which is also the level of the current daily EMA 100, 200. The next level will be located nearby, at 1.08800.
In my opinion, at the moment, it is more likely that the correction will end, it’s already exhausted, and will fall again to 1.06000. However, this may be the beginning of some correctional channel with several stages of fluctuations, but nevertheless, if 1.06000 is passed, then a fall to 1.04500 will be a logical continuation. If in the near future, after testing the four-hour EMA 100 at 1.07150, the price does not go higher, but begins to fall, then the MACD will confirm the prospect of a further fall deeper, moving into the negative zone.
You say EMA 200 as a buy signal? That's if we clear the hurdle at 1.07000.
But the way I see it, the charts are whispering 'sell' more than 'buy' right now.
Member Since Sep 29, 2022   62 posts
Apr 26 at 10:06
Made a short analyze of GBP/USD

GBP/USD bounced from 1.23000, showing buyers stepping in. The pair is testing the 1.26000 level; if it can hold above, we might see more rise. The key is if it can stay over the EMA 100 on the 4-hour chart. If it fails and falls below, the price could drop to 1.23000 again. Watch for a solid move beyond EMA 100 for a clear signal.
Member Since Apr 04, 2023   8 posts
Apr 29 at 09:28
Raven1209 posted:
Made a short analyze of GBP/USD

GBP/USD bounced from 1.23000, showing buyers stepping in. The pair is testing the 1.26000 level; if it can hold above, we might see more rise. The key is if it can stay over the EMA 100 on the 4-hour chart. If it fails and falls below, the price could drop to 1.23000 again. Watch for a solid move beyond EMA 100 for a clear signal.
Now the pair is still consolidating in the same area and will not break through the resistance level. I expected that after the gap the market movement would be more clear.
Member Since Sep 02, 2022   54 posts
Apr 30 at 12:28
khalidkhan82118 posted:
MarcellusLux posted:
Of course, with each new analysis I try to become better and grow, but after many years of practice, I realized that this sword can be sharpened endlessly.
Absolutely, It gonna sharpened endlessly. BTW is this thing called Fundamental analysis?
I suppose it's more a mix of technical and fundamental analysis.
Member Since Apr 08, 2024   30 posts
Apr 30 at 14:27
lexusxxx posted:
khalidkhan82118 posted:
MarcellusLux posted:
Of course, with each new analysis I try to become better and grow, but after many years of practice, I realized that this sword can be sharpened endlessly.
Absolutely, It gonna sharpened endlessly. BTW is this thing called Fundamental analysis?
I suppose it's more a mix of technical and fundamental analysis.
It's definitely a mix of both! I've been incorporating both technical and fundamental analysis into my approach, but sometimes the market surprises us. Do you find one analysis method tends to carry more weight in your trading decisions, or do you prefer to blend them together like I do?
Member Since Dec 28, 2023   27 posts
Apr 30 at 16:45
@MarcellusLux You say that you constantly manage to improve your system. How do you understand that it is getting better?
Member Since Dec 28, 2023   27 posts
Apr 30 at 16:47
Raven1209 posted:
Gert12 posted:
Raven1209 posted:
Michel_Dubois posted:
Well I have other question. Is there any point in doing a trade analysis if you trade with a scalping robot? I just wondering about my trade.
In any case, you can evaluate the overall picture of trading efficiency.
Can you give advice on how to analyze a large number of transactions? For example scalping strategy?
Where there is one trade I already roughly understand. But when are there many of them? Which method will be more effective?
For high-volume strategies like scalping, consider using automated tools like MT. This can make it easier to evaluate performance without getting lost in the details.
Thanks, but how to do this?
Member Since Sep 02, 2022   54 posts
May 01 at 11:24
khalidkhan82118 posted:
lexusxxx posted:
khalidkhan82118 posted:
MarcellusLux posted:
Of course, with each new analysis I try to become better and grow, but after many years of practice, I realized that this sword can be sharpened endlessly.
Absolutely, It gonna sharpened endlessly. BTW is this thing called Fundamental analysis?
I suppose it's more a mix of technical and fundamental analysis.
It's definitely a mix of both! I've been incorporating both technical and fundamental analysis into my approach, but sometimes the market surprises us. Do you find one analysis method tends to carry more weight in your trading decisions, or do you prefer to blend them together like I do?
I trade advisors, and I buy them from time to time, because you are right, market conditions change and the same advisor that worked well before may no longer work so well.
Therefore, Idont make deep analysis, and fundamental analysis is not suitable for me, since I trade short periods. Nevertheless, I am interested in different methods of analysis in order to understand more. And I also noticed that it is very difficult to concentrate on only one type of market analysis. And what about you? Do you trade manually?
Member Since Apr 08, 2024   30 posts
May 01 at 13:45
lexusxxx posted:
khalidkhan82118 posted:
lexusxxx posted:
khalidkhan82118 posted:
MarcellusLux posted:
Of course, with each new analysis I try to become better and grow, but after many years of practice, I realized that this sword can be sharpened endlessly.
Absolutely, It gonna sharpened endlessly. BTW is this thing called Fundamental analysis?
I suppose it's more a mix of technical and fundamental analysis.
It's definitely a mix of both! I've been incorporating both technical and fundamental analysis into my approach, but sometimes the market surprises us. Do you find one analysis method tends to carry more weight in your trading decisions, or do you prefer to blend them together like I do?
I trade advisors, and I buy them from time to time, because you are right, market conditions change and the same advisor that worked well before may no longer work so well.
Therefore, Idont make deep analysis, and fundamental analysis is not suitable for me, since I trade short periods. Nevertheless, I am interested in different methods of analysis in order to understand more. And I also noticed that it is very difficult to concentrate on only one type of market analysis. And what about you? Do you trade manually?
I understand where you're coming from! Market conditions can shift quickly, making relying solely on one analysis method challenging. I also dabble in trading manually, but I've found that blending technical and fundamental analysis helps me navigate the fluctuations more effectively. It's all about finding the best for your trading style and adapting as needed. Exploring different analysis methods broadens your understanding of the market. It's an ever-evolving journey.
Member Since Sep 02, 2022   54 posts
May 02 at 11:45
khalidkhan82118 posted:
lexusxxx posted:
khalidkhan82118 posted:
lexusxxx posted:
khalidkhan82118 posted:
MarcellusLux posted:
Of course, with each new analysis I try to become better and grow, but after many years of practice, I realized that this sword can be sharpened endlessly.
Absolutely, It gonna sharpened endlessly. BTW is this thing called Fundamental analysis?
I suppose it's more a mix of technical and fundamental analysis.
It's definitely a mix of both! I've been incorporating both technical and fundamental analysis into my approach, but sometimes the market surprises us. Do you find one analysis method tends to carry more weight in your trading decisions, or do you prefer to blend them together like I do?
I trade advisors, and I buy them from time to time, because you are right, market conditions change and the same advisor that worked well before may no longer work so well.
Therefore, Idont make deep analysis, and fundamental analysis is not suitable for me, since I trade short periods. Nevertheless, I am interested in different methods of analysis in order to understand more. And I also noticed that it is very difficult to concentrate on only one type of market analysis. And what about you? Do you trade manually?
I understand where you're coming from! Market conditions can shift quickly, making relying solely on one analysis method challenging. I also dabble in trading manually, but I've found that blending technical and fundamental analysis helps me navigate the fluctuations more effectively. It's all about finding the best for your trading style and adapting as needed. Exploring different analysis methods broadens your understanding of the market. It's an ever-evolving journey.
So true, that's why I'm here as an observer and one who learns some useful tips from the experienced ones.
Member Since Dec 09, 2022   16 posts
May 02 at 18:11
@MarcellusLux I've been watching your trading for a long time. I added you to my contacts, please confirm. I also wrote you an email. Thank you.
Sign In / Sign Up to comment
You must be connected to Myfxbook in order to leave a comment
*Commercial use and spam will not be tolerated, and may result in account termination.
Tip: Posting an image/youtube url will automatically embed it in your post!
Tip: Type the @ sign to auto complete a username participating in this discussion.