Profit / loss analysis and trading talks

am in understanding correctly that you have TWENTY MILLION US DOLLARS equity on deposit with accentforex?

very nice.

I like your analysis. Do you provide any mentoring?

Great analysis. I really like this thread.

Luigi_gi223 posted:

Raven1209 posted:

MarcellusLux posted:

Ollie33 posted:
Hi,
my short analysis: unfortunately, I had to take a loss before the holidays and accept the fact that I believed in further growth of the euro dollar when it reached a bright high at Friday. The Fibo showed a good opportunity to reach 1.1100, the level of 1.10300 was passed quickly, but I was too optimistic for the holiday market.
Anyway I remain positive and wish you have a great time these days.

I agree that a new highly probable case is now available: reaching the level of 1.11000 that you mentioned.
I would pay attention to the weekly EMA 200. The line was reached and the price even went higher, but it was an uncertain and weak breakout, which can be considered false. Therefore, this level (1.10140) will be a marker for further buy trading. The long term MACD indicates growth while the short-term hourly and four-hour MACD are in a rather unstable, intermediate position. This may mean that the correction has a chance to continue within one day, at least to 1.1000.
I would also pay attention to the midway resistance level 1.1070, which may become an unpleasant surprise for those who decide to enter the market too late.

It's a smart move to consider these intermediate resistance levels, as they often catch traders off guard. Does anyone have a strategy for dealing with such midway resistance points in their trading?

I would also like to know, please share your experience. How do you get out? Do you place stops or delays? How? And what works best for you?

If you ask me, I sometimes place pending orders, but this is not an exit point, it is more of an entry point. To exit I use sl or tp.

@MarcellusLux Maybe that it makes sense to do the analysis not after each transaction, but once a week as a trading result?

Analyzing trades is a good idea, but it takes a lot of time, I could make an extra 100 dollars in that half hour.

Gert12 posted:
@MarcellusLux Maybe that it makes sense to do the analysis not after each transaction, but once a week as a trading result?

Or mb it would be better to do analytics after losses? To understand where the errors or deviations are.

By the way, the analytics are good. 😐

Rococo_XVII posted:
Analyzing trades is a good idea, but it takes a lot of time, I could make an extra 100 dollars in that half hour.

But you would probably loss $100!! Without analytics you are destined to lose. It pays to take time to analyse wins / losses

Matas21 posted:

Rococo_XVII posted:
Analyzing trades is a good idea, but it takes a lot of time, I could make an extra 100 dollars in that half hour.

But you would probably loss $100!! Without analytics you are destined to lose. It pays to take time to analyse wins / losses

Well in case if I know how to set up a trading system while trading. So why should then I do the analysis?

Rococo_XVII posted:
Analyzing trades is a good idea, but it takes a lot of time, I could make an extra 100 dollars in that half hour.

This is your choice and your opinion will probably be shared by many traders.
I am sharing many years of experience, which proves to me that trade analysis is the stability of trading and the possibility of improvement.

Rococo_XVII posted:

Matas21 posted:

Rococo_XVII posted:
Analyzing trades is a good idea, but it takes a lot of time, I could make an extra 100 dollars in that half hour.

But you would probably loss $100!! Without analytics you are destined to lose. It pays to take time to analyse wins / losses

Well in case if I know how to set up a trading system while trading. So why should then I do the analysis?

to be prepared when your settings don't work one day

MarcellusLux posted:

Rococo_XVII posted:
Analyzing trades is a good idea, but it takes a lot of time, I could make an extra 100 dollars in that half hour.

This is your choice and your opinion will probably be shared by many traders.
I am sharing many years of experience, which proves to me that trade analysis is the stability of trading and the possibility of improvement.

Well why to improve the system that works good?

Rococo_XVII posted:

MarcellusLux posted:

Rococo_XVII posted:
Analyzing trades is a good idea, but it takes a lot of time, I could make an extra 100 dollars in that half hour.

This is your choice and your opinion will probably be shared by many traders.
I am sharing many years of experience, which proves to me that trade analysis is the stability of trading and the possibility of improvement.

Well why to improve the system that works good?

I think in order not to stop at earning $1000:)

I'm more into trading than analytics, but I'll try to analyze one of my latest trades.
I will be glad to your comments.

I started trading the USD/CAD pair after it broke through the resistance level at 1.34100, which had formed a series of peaks at the end of the week on January 12th and January 15th on Monday. It was a confident trend-following position that had been growing since December. I set a take profit level around 1.34500, which was indicated by the active impulse peak on January 11th. I didn't seek additional confirmations; in principle, I had enough understanding of the trend and the timing to get profit and set a take profit.

Raven1209 posted:
I'm more into trading than analytics, but I'll try to analyze one of my latest trades.
I will be glad to your comments.

I started trading the USD/CAD pair after it broke through the resistance level at 1.34100, which had formed a series of peaks at the end of the week on January 12th and January 15th on Monday. It was a confident trend-following position that had been growing since December. I set a take profit level around 1.34500, which was indicated by the active impulse peak on January 11th. I didn't seek additional confirmations; in principle, I had enough understanding of the trend and the timing to get profit and set a take profit.

Do you teach how you trade? I would love to know your strategy

Rococo_XVII posted:

MarcellusLux posted:

Rococo_XVII posted:
Analyzing trades is a good idea, but it takes a lot of time, I could make an extra 100 dollars in that half hour.

This is your choice and your opinion will probably be shared by many traders.
I am sharing many years of experience, which proves to me that trade analysis is the stability of trading and the possibility of improvement.

Well why to improve the system that works good?

Improving the system is the trader's choice, of course. But only when you have a ready made setup to work under any market conditions. If you trade with a system that provides signals on the medium-term market trend breakouts, then perhaps it will show weak results when trading in a high-intensity market within a horizontal trend within key levels. Primarily I tried to share the idea that improvement is necessary in order to get the maximum benefit from the market.

Gert12 posted:

Rococo_XVII posted:

MarcellusLux posted:

Rococo_XVII posted:
Analyzing trades is a good idea, but it takes a lot of time, I could make an extra 100 dollars in that half hour.

This is your choice and your opinion will probably be shared by many traders.
I am sharing many years of experience, which proves to me that trade analysis is the stability of trading and the possibility of improvement.

Well why to improve the system that works good?

I think in order not to stop at earning $1000:)

Yes exactly,
as a conclusion

Zain58 posted:

Raven1209 posted:
I'm more into trading than analytics, but I'll try to analyze one of my latest trades.
I will be glad to your comments.

I started trading the USD/CAD pair after it broke through the resistance level at 1.34100, which had formed a series of peaks at the end of the week on January 12th and January 15th on Monday. It was a confident trend-following position that had been growing since December. I set a take profit level around 1.34500, which was indicated by the active impulse peak on January 11th. I didn't seek additional confirmations; in principle, I had enough understanding of the trend and the timing to get profit and set a take profit.

Do you teach how you trade? I would love to know your strategy

I don’t have a specific strategy, I trade several instruments, watch the market, the trend, and when the trend and tools match, I enter the market

I watch more experienced traders, I’m interested in their strategies precisely because I think that it is needed to develop my own if I’m here in a long run.
As for teaching someone, I have a skeptical opinion. In general, I think that various Forex trainings or trading training are just a waste of time and money, you need to look for your own, just use useful tips from more experienced ones.

Oh may I share my analytics too?
Quite risky at first glance, selling the EURUSD at the bottom of the trend, especially if you look at H1, but it paid off in the short term before the market rolled back into the correction, since I was guided by the H4 trend, but did not want to sit through the drawdown in the correction.
Thus, drawing a conclusion from my trading, I can say that entrances and exits from the market need to be looked at on the same hourly interval, otherwise you can catch unnecessary disturbances and close ahead of time without making a profit.
What do you think Marcellus?