MarcellusLux's Posts - Page 7

LUX in Trading Systems Mar 02, 2023 at 12:49

February monthly trading report is already updated on the LUX website and also, the most detailed information is on myfxbook page. The February result is 9.74% profitability 📈, with a good stability of trading (71% of profitable trades). All the mistakes of the 2022 year were corrected in January and now, when the changes are adapted, the trading system will increase profitability. This month is a good indicator that the work was not in vain.

LUX in Trading Systems Feb 21, 2023 at 16:17

Trading ResultsGBP/USD trade was closed with a profit of 6.20% The trade was opened properly on time, taking into account further breaking through the 1.20500 resistance and exit from the horizontal correction. The video (find my telegram or twitter in bio) shows the closing process of the Pound Dollar trade and the continuation of trading with the Euro Franc.EUR/CHF trade was closed with a profit of 0.83%. The trade was close to making a loss after the stop level. But the right SL placement helped me to wait out the temporary drawdown and eventually make a profit. The Euro Franc trade is a go...

What factors to consider when picking traders on copy trading platforms? in General Feb 16, 2023 at 20:17

Let me post some advice that goes a little beyond the scope of the conversation. Don't rely on copy trading. Try to study the market on your own and learn from the best. Even if you never open your own trade, this will help you make decisions much more effectively and identify profitable accounts.

Looking for the best broker in General Feb 16, 2023 at 20:06

Check brokers in practice. Just make a deposit and trade for a while, and you will be able to see how it works with your particular trading system and the trading conditions provided.

LUX in Trading Systems Feb 15, 2023 at 20:16

💡LUX trading resultsFebruary 15, the day before the trading period restart. I closed the EUR/JPY trade with a profit of 3%, and now the LUX profitability reached 5.41% in February, that is an optimal indicator for the successful trading plan fulfillment. https://www.myfxbook.com/files/MarcellusLux/February_trades_%281De2wu%29_for.png

LUX in Trading Systems Feb 01, 2023 at 02:36

💡LUX trading resultsThe recent trading results (final trades in January) made it possible to improve the monthly profitability to 7.75% Brief trading analysisEUR/USD faulty entry into the market. After my forecast for the further decline (find on my website) was fully justified, I was expecting a decline continuation or a new attempt to pass the EMA 100 support area on the four-hour chart. However, the correction started and the price reached the 1.08500 level, so the trade was closed with a loss when I saw a possibility of further growth. That was the correct decision in the intraday term, h...

LUX in Trading Systems Jan 26, 2023 at 18:11

💡LUX trading processThis week 2 trades have already been closed (Euro Japanese Yen and Euro Swiss Franc). EUR/JPY was closed by stop-loss after the price exceeded the resistance level of the local short-term correction. The following trading analysis showed that the stop-loss level was set too close and should have been located above the 100 EMA on the thirty-minute chart, literally 10 pips higher. This would make it possible to handle a short-term DD and get the predicted profit during the further fall. EUR/CHF profit trade (watch the video in telegram) was closed before the take profit leve...

Does forex strategies usually work> in General Jan 25, 2023 at 17:42

It works, just like a aircraft can takeoff and carry cargo over long distances. The only question is who the pilot is and how good the skills of the pilot are.

How do you handle different cycles with opposite trends? in General Jan 25, 2023 at 17:35

This is the usual state of the trend, when the correction begins, it seems that it can start trend reversal. First, before opening a trade, it is necessary to assess the risk of possible consequences if the trend begins to correct and reverse and determine the maximum allowable drawdown level. I also face the fact that I get different signals on different intervals, but I always focus on the timeframe where I see more advantage on my part. I don't trade long term and it's important for me to be consistent, so if I see that the market analysis indicates a short-term decline (when daily ...

Traders will do well to keep in mind in General Jan 25, 2023 at 17:16

I have been following this forum for a long time and reading many topics. But unfortunately, such a brilliant post as you wrote is not often found. I applaud you for your work and time.I'm sure that you meant it, but I would also like to emphasize that step #5 depends on #1 about market levels (key or marker levels). The stop loss level should be set above the key resistance level for a sell trade or below the key support level for a buy trade

What is a good business to get into? in General Jan 25, 2023 at 16:57

The best way to make money for me is to build passive income through investments. I would consider a business idea in terms of self-development and individual opportunities. If you do not have any skills that you could develop into your own business, then the easiest option is of course online sales. Regarding direction of technology development, I would focus on crypto payments and the AI industry.

LUX in Trading Systems Jan 13, 2023 at 16:06

The first trading week of this year ended with a profit 📈, despite the fact that it started with some losses, while the risk was completely under control 🛡 This week has provided an increase of 1.48%, and this is only the beginning of the year and the beginning of January. Stay connected and follow LUX updates https://www.myfxbook.com/files/MarcellusLux/January_trades_%28Nne98B%29_for.png

LUX in Trading Systems Dec 14, 2022 at 17:56

December is approaching the middle and the trading results show that this year has been really successful for LUX.Fact 1:This is the end of the year and I will publish the annual results later, but now I can only hint to those who do not follow myfxbook that the annual profit target is 136% completed. That is, LUX has exceeded expectations. This is a strong motivation 📈Fact 2:EURJPY trade (December 9) was in the top 3 best trades by profitability 💰Follow the trade and news on my website and on myfxbookhttps://www.myfxbook.com/files/MarcellusLux/latest_Dec_%28F19dap%29.png

LUX in Trading Systems Nov 16, 2022 at 14:38

💡LUX trading analysisThe first eur/usd and gbp/jpy trades are unprofitable, because I mistakenly took the breakout of the key marker level of 1.03880 on the EUR/USD as a buy signal. The breaking through this level turned out to be false, and the trade was closed by stop loss. GBP/JPY reached the level of EMA 100 on the hourly chart and EMA 200 on the thirty-minute chart. Given the situation on the four-hour chart and the MACD divergence, I decided to sell. This is a hasty decision that did not take into account the possibility of an extension of the corrective trend on the four-hour chart to ...

LUX in Trading Systems Oct 13, 2022 at 23:19

Trading profit / loss analysis of EUR/USD tradeI published a short analysis before opening a trade on my telegram channel. if you are interested in understanding the principles of trading on my PAMM account, then welcome (find link in bio).The main theses of analytics on which this trade was opened: confident breakout of the level 0.97230 breaking through the level of EMA 100 on a thirty-minute chart clear divergence on the hourly chart clear MACD signal on the hourly chart and on the four-hour chart.In addition to these data, I used the LUX algorithm for calculating possible risks...

LUX in Trading Systems Oct 07, 2022 at 09:23

Today’s analysis is related to my EUR/USD trade on September 27th. Also welcome to read about my analysis of profitable trades that I made before in the previous post. So, the Euro/Dollar, according to my forecast, had a clear divergence on the daily chart. Declining to the levels of 0.95700 formed a narrowing correction, which can be seen on the four-hour chart, where the MACD showed a crossing line signal for a further increase. At the same time, on the hourly chart, the correction showed a strong upward potential and show a convergence on the MACD as confirmation of further growth aft...

LUX in Trading Systems Sep 27, 2022 at 11:37

Profit / Loss analysis September 21eur / jpyAfter clear MACD signals (crossing the signal line and pronounced convergence) on the hourly chart, also price line position under the EMA 100 and EMA 200 lines, gave me reason to open a sell trade.I took into account the possible risks that could be associated with support at 142.00 and it can be noted as EMA 100 on the four hour chart. But having shown patience and trust in my trading system, I was in no hurry to close the trade too early, during the pullback of 141.840 – 142.250.In addition, I saw that the Euro Dollar (correlated currency pa...

Is investing in the forex market risky? in General Sep 27, 2022 at 11:28

Yes, sureAs I'm a trader I described all the arguments from my point of view. However, I'm also a fund manager and have huge experience of working with investors. I can only say that most of investors are interested in stable income and high-quality risk management that my trading system successfully offers them. However, if there are active investors here, I would be interested to see your point of view.

New traders love scalping in General Sep 23, 2022 at 17:32

First of all, I would like to make a clarification, my post could be misunderstood. In my opinion manually scalping with huge amount of trades is possible but not rational. However, I suppose you can tell more about scalping than me if you are a trader using this strategy. I do not use scalping strategies and have never developed such strategies. I would love to see an example of your manual scalping trading. Well, you can find an example of an EA in the section https://www.myfxbook.com/community/trading-systemsthere are good examples here.

Tips To Make Profits Daily in General Sep 21, 2022 at 12:33

Everything that is mentioned here can be summed up in one term: a trading plan. Build your trading plan depending on the strategy, market analysis, possible perceived risks, events and news, and the expected result.If you cannot build it, then you should learn before you start trading. If you do not want to learn, then you are not a trader but an investor, perhaps your path to success lies in investing.

EURUSD	1.07746	GBPUSD	1.2567	AUDUSD	0.6617
USDJPY	153.954	USDCAD	1.3659	USDCHF	0.9054

Posts by MarcellusLux