ChaKie posted: @MarcellusLux Have you ever experienced a significant setback in trading and how did you overcome it?
Of course I went through this and I can say that my trading career started with a setback when I lost my initial capital as an inexperienced trader. I have learned to perceive severe setbacks as a push to progress and improvement. This is a challenge and the right decision is to take it. Of course, there are some important aspects of accepting failure. For example, psychological (I have already wrote about it recently) and also analytical.
@MarcellusLux The bitcoin discussion makes me worried. I just noted that some downtrend continuous after 30k and now when 26k reached, I see a really prospects to wait for 20k, unfortunately. What do you think?
DenverRRR posted: Dude, how much on average per trade can you increase in profit?
The LUX page on myfxbook shows Average Win: 82.03 pips / $64,033.86 This is full history average value. However, in case you wish to know about average profit trades only, so in April 2023, the average amount of profit trades is $260,147.31
AnnMeer posted: @MarcellusLux I've noticed that you often trade currency pairs involving the JPY, but it seems like you rarely provide detailed analytics for those trades. Can you share your thoughts on why that is?
GBP/JPY is once again reaching the resistance of 172.800 and in my opinion does not have strong priorities for further growth for a while. The current area of resistance puts strong pressure on the market and during May this level was not passed. I will consider this level as a marker and further growth can be considered only after it is broken. However, in the long term (weekly and monthly) MACD and EMA point to buy. On the short term charts, I see a MACD divergence that formed during a horizontal move along resistance, with a slight bullish incline. In order to consider further downside, I would take a close look at the hourly chart which indicates MACD sell but the EMAs are still below the price level which provides some support and a fall could be considered if the EMA 100 marker level is passed on the hourly chart (now at 172.015) and further breaking through the EMA 200 line with the prospect of falling to 171.250 (still within the current horizontal trend). Summing up, I would clarify that the short term hints at a fall following the divergence and the impact of the 172.800 resistance, but the long term, where the monthly chart shows a preliminary MACD buy signal, can still return to a continuous increase, which can be strong enough to reach 175.000.
EUR/USD after almost a month, since the beginning of May, reached the level of 1.07000 after falling from the top of 1.10900. In the previous Euro Dollar forecast I considered the fall option, which has been implemented. I do not pretend to be an accurate forecast this time, as it was short-term, but nevertheless correct, despite the fact that the fall turned out to be even lower than I expected. At the moment, the price has reached the EMA 200 influence area on the daily chart and this will probably be too strong support to overcome it within the current trend channel. It is likely to be corrected after a short-term rise. This rise is confirmed by MACD signals on the 4-hour chart. MACD divergence indicates further growth, as well as the position of the signal line. The resistances that will influence the possible correction are the EMA 100 levels on the hourly chart (1.07400) and the EMA 200 level on the hourly chart, which coincides with the EMA 100 on the daily chart. There will probably still be an attempt to break through these levels and exit the downtrend, but at the same time, the long-term prospect of further decline will remain. The EMA 200 marker level on the daily chart is at 1.06850 and I will consider it during trading, as well as the key level 1.06750, which is currently low for the current downtrend. Further movement along this trend may lead to falling to 1.05750 and further to key support 1.05300.
@MarcellusLux I want to express my gratitude. Your trading skills and guidance have been a great source of motivation for me. You inspire me to become a better trader through your trades and advice. Thank you!
OMata posted: @MarcellusLux I want to express my gratitude. Your trading skills and guidance have been a great source of motivation for me. You inspire me to become a better trader through your trades and advice. Thank you!
Thank you. I am also motivated by the fact that there is much to discuss on this thread, and my trading is motivated by the constant interest of investors and the excellent performance of the LUX trading system.
HusamHabib posted: @MarcellusLux i want to ask you if you ever trade with XNIUSD and why you don't trade with it or give analysis about it ?
Thanks for the question. I rarely trade in the metals market and my trading system cannot stay well adjusted to work with all possible instruments. I chose priority and Nickel is not included in this list.
Claussen posted: What do you think about Artificial Intelligence? It is becoming more and more popular every day. Can it write an EA?
EA development process is not the most difficult thing in trading and, theoretically, a well-developed AI could handle it. But whether it can properly manage it is another matter.
Why can't artificial intelligence be able to adjust using market data? This is an electronic representation of economic processes. What prevents AI just like you using indicators and rules of technical analysis?
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