Profit / loss analysis and trading talks

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?

bardachok posted:

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?

Too hard to follow this strategy in all details. Rather I would adopt key concepts and try to build my proprietary system based on them

Luigi_gi223 posted:

bardachok posted:

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?

Too hard to follow this strategy in all details. Rather I would adopt key concepts and try to build my proprietary system based on them

Thanks man, I'm trying to understand some key points maybe something will work for me too. How about you? Do you have certain things that work for you for sure or do you like Im put/exit as you see it?

bardachok posted:

Luigi_gi223 posted:

bardachok posted:

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?

Too hard to follow this strategy in all details. Rather I would adopt key concepts and try to build my proprietary system based on them

Thanks man, I'm trying to understand some key points maybe something will work for me too. How about you? Do you have certain things that work for you for sure or do you like Im put/exit as you see it?

Yes support and resistance levels, plain ones, on large timeframes work extremely well. The biggest issue is being patient and wait. Sometimes it takes month for me to enter into a great trade with decent risk/reward

delafuente993 posted:
What are some good channels on YouTube to learn analysis and strategy?

Raven1209 posted:
EUR/USD's recent drop has been significant. If it breaks below the current support level, we might be looking at further declines. Just watching closely to decide the next move. Thoughts on the current trend?

Raven1209 posted:
EUR/USD's recent drop has been significant. If it breaks below the current support level, we might be looking at further declines. Just watching closely to decide the next move. Thoughts on the current trend?

que76648 posted:
Hello, sirs. I am new here and I saw that this thread is one of the most interesting. What tips would you give to a newbie like me to make a profit that is enough to support myself (1000-2000 dollars per month for my country).

que76648 posted:
Hello, sirs. I am new here and I saw that this thread is one of the most interesting. What tips would you give to a newbie like me to make a profit that is enough to support myself (1000-2000 dollars per month for my country).