Profit / loss analysis and trading talks

Dec 24, 2023 at 07:12
Przeglądane 2,178
116 Replies
Uczestnik z May 19, 2020   392 postów
Dec 22, 2023 at 12:19
Please remember that mutual respect is important. All participants who do not adhere to it will be prohibited.
@Marcellus8610
Uczestnik z May 19, 2020   392 postów
Dec 24, 2023 at 07:12
This is the topic for 'Trading talks' about your trades, analysis and strategies discussions but focused on analyzing profitable and losing trades, searching for errors and successful actions. I believe this approach will improve the quality and consistency of trading.
Here you can share your experience and discover different approaches to trading.
@Marcellus8610
Uczestnik z May 19, 2020   392 postów
Dec 24, 2023 at 23:07
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.

Załączniki:

@Marcellus8610
Uczestnik z May 19, 2020   392 postów
Dec 24, 2023 at 23:08
EUR/JPY
The second trade worth discussing is EUR/JPY, the closure of which brought a profit of 153.5 points. The opening of the trade was in accordance with the downward trend after a slight corrective growth. I saw the probability of the narrowing channel formation, but decided not to wait for the market to determine, since the opening of the correction would still be downward. The further fall confirmation was the intersection of the EMA levels 100 and 200 on the four-hour chart, as well as the fairly confident MACD transition to the negative values zone and the signal line position. The 30-minute chart shows a clear touch of the EMA 100 line, the preliminary resistance at 161.654, while the EMA 200 was the key marker level for further growth. I carefully monitored these levels and if they were broken, I would close the trade as likely unprofitable. The trade was closed after reaching the level of 160.330 and although I saw a high probability of a further fall, there was also the danger of a rollback after a rapid fall and a possible long-term correction, so the decision was made to take profit and exit the market.

Załączniki:

@Marcellus8610
Uczestnik z Aug 19, 2021   222 postów
Dec 25, 2023 at 05:46
Oh hi. Nice to see you there. Thank you for continuing to post.
Uczestnik z Oct 18, 2021   93 postów
Dec 25, 2023 at 06:10
Hi dude. Always glad to read your posts. They motivate me and I always listen to your analytics. Great idea to create a thread here.
Uczestnik z Mar 07, 2023   28 postów
Dec 25, 2023 at 06:41
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.
Looks okay. But how can analyzing losing trade help you???
Uczestnik z May 19, 2020   392 postów
Dec 25, 2023 at 09:01
WhiteWitcher posted:
Oh hi. Nice to see you there. Thank you for continuing to post.
Thanks, I will be glad to see your participation in discussions.
@Marcellus8610
Uczestnik z May 19, 2020   392 postów
Dec 25, 2023 at 09:05
DenverRRR posted:
Hi dude. Always glad to read your posts. They motivate me and I always listen to your analytics. Great idea to create a thread here.
Thanks. This thread is also my way of showing that trades analysis is as important as risk management and other trading stages.
@Marcellus8610
Uczestnik z Apr 04, 2022   23 postów
Dec 25, 2023 at 09:28
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.
A falling leaf does not try to influence the wind, it enjoys flying.
Uczestnik z May 19, 2020   392 postów
Dec 25, 2023 at 09:38
crcrcr654 posted:
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.
Looks okay. But how can analyzing losing trade help you???
Profit/loss analysis helps to work on errors in more detail and quality, allows collecting more accurate trading statistics over different periods and under different trading conditions. Your task is to find the root cause of errors or successes in order to further work with this information. Trading requires constant improvement and I see no other way but to work on myself and on the trading system by analyzing trading results.
@Marcellus8610
Uczestnik z May 19, 2020   392 postów
Dec 25, 2023 at 14:42
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.
Thanks for sharing. I also see that the EUR/USD has started a new perspective. In my opinion, there were too weak data to enter the market, you should wait for a clearer buy signal. Do you only use 'Fibo' tools?
@Marcellus8610
Uczestnik z Sep 29, 2022   58 postów
Dec 25, 2023 at 15:33
MarcellusLux posted:
crcrcr654 posted:
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.
Looks okay. But how can analyzing losing trade help you???
Profit/loss analysis helps to work on errors in more detail and quality, allows collecting more accurate trading statistics over different periods and under different trading conditions. Your task is to find the root cause of errors or successes in order to further work with this information. Trading requires constant improvement and I see no other way but to work on myself and on the trading system by analyzing trading results.
Unfortunately this won't make up for losses
Uczestnik z Sep 29, 2022   58 postów
Dec 25, 2023 at 15:44
MarcellusLux posted:
crcrcr654 posted:
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.
Looks okay. But how can analyzing losing trade help you???
Profit/loss analysis helps to work on errors in more detail and quality, allows collecting more accurate trading statistics over different periods and under different trading conditions. Your task is to find the root cause of errors or successes in order to further work with this information. Trading requires constant improvement and I see no other way but to work on myself and on the trading system by analyzing trading results.
However, this is more than true.
Even experienced traders can experience negative consequences from both gains and losses. The psychological impact varies individually. So analysis.. yes
Uczestnik z Jan 11, 2023   8 postów
Dec 25, 2023 at 16:27
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.
great that you remain positive and drawing conclusions from your mistakes. its practically the most important rule of trading.
Uczestnik z Jan 11, 2023   8 postów
Dec 25, 2023 at 16:29
MarcellusLux posted:
crcrcr654 posted:
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.
Looks okay. But how can analyzing losing trade help you???
Profit/loss analysis helps to work on errors in more detail and quality, allows collecting more accurate trading statistics over different periods and under different trading conditions. Your task is to find the root cause of errors or successes in order to further work with this information. Trading requires constant improvement and I see no other way but to work on myself and on the trading system by analyzing trading results.
exactly.
Uczestnik z May 19, 2020   392 postów
Dec 25, 2023 at 17:00
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.

Załączniki:

@Marcellus8610
Uczestnik z Sep 02, 2022   46 postów
Dec 28, 2023 at 12:54
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.
Are you using an advisor? I believe you will be able to significantly reduce your losses with it. Of course, if you choose the right advisor.
Uczestnik z Sep 29, 2022   58 postów
Dec 28, 2023 at 16:48
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?
Uczestnik z Jan 11, 2023   8 postów
Jan 04 at 12:48
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?
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