Profit / loss analysis and trading talks

Dec 24, 2023 at 07:12
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227 Replies
Участник с Sep 29, 2022   71 комментариев
Jun 07 at 12:11
I opened a buy on EUR/USD at 1.08776, aiming for an upward move. For this trade, I didn’t set a stop loss but instead drew a red line at 1.08586, where the stop loss would ideally be. By doing this, I had a clear mental threshold without enforcing a strict limit, giving me the flexibility to stay in the trade despite some volatility.

The market after little drawdown moved favorably, and trade was closed on take profit price at 1.08937, securing a profit of $3,220. If I had set a strict stop loss at the red line, I would have been stopped out prematurely and incurred losses. This approach of using a visual stop loss allowed me to avoid unnecessary exits and capitalize on the market’s eventual rise.

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Участник с Feb 12, 2016   74 комментариев
Jun 09 at 09:39
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?
Yeah I usually just reduce position size and then add it back if needed. Basically it is dynamic position management
Участник с Sep 02, 2022   59 комментариев
Jun 10 at 11:14
RrrubR posted:
lexusxxx posted:
MarcellusLux posted:
LUX trading today was quick and didn't follow any long term goals. The task was to catch the minimum impulse after the impact of key historical levels.
The EUR/USD was close to continuing to rise and I was ready to accept some drawdown, but the sell chosen due to a clear MACD signal on the 30-minute chart and a high RSI level in the overbought zone. The price was not ready to break through the key level of 1.08800 and consolidate for further testing of 1.08900.
The GBP/JPY is currently in a very promising position for continued growth. But I was not ready to hold the position for a long time, fearing the psychological aspect and the growth cancelling due to the approach to 70 RSI and the long term developing MACD divergence, which can be seen on the hourly chart. I opened a short-term position after several attempts to break through the 200.400 and MACD signal with a move to the positive value zone on the 15-minute chart. However, the important fact is that after breaking through the 2015 high key level at 196.00, GBP/JPY has not been at its current price level above the 200.00 mark since 2008.
If you look in the short term, the pair reached the level of 200.00 and began a slight rebound downwards. But in the future I am betting on the growth of the GBPJPY.
It feels like you trade without using indicators at all. How do you trade without indicators??
I suppose your question is not addressed to me. But know, I trade with an EA. And there are 100% built-in indicators. 😄😄
Участник с May 19, 2020   420 комментариев
Jun 12 at 10:16
Oscar555 posted:
Gert12 posted:
ChaKie posted:
MarcellusLux posted:
LUX trading today was quick and didn't follow any long term goals. The task was to catch the minimum impulse after the impact of key historical levels.
The EUR/USD was close to continuing to rise and I was ready to accept some drawdown, but the sell chosen due to a clear MACD signal on the 30-minute chart and a high RSI level in the overbought zone. The price was not ready to break through the key level of 1.08800 and consolidate for further testing of 1.08900.
The GBP/JPY is currently in a very promising position for continued growth. But I was not ready to hold the position for a long time, fearing the psychological aspect and the growth cancelling due to the approach to 70 RSI and the long term developing MACD divergence, which can be seen on the hourly chart. I opened a short-term position after several attempts to break through the 200.400 and MACD signal with a move to the positive value zone on the 15-minute chart. However, the important fact is that after breaking through the 2015 high key level at 196.00, GBP/JPY has not been at its current price level above the 200.00 mark since 2008.
Interesting take! rsi, macd, and ema are classic combinations of indicators that help achieve good accuracy in trading.
Are there any other combinations of indicators?
I think there is no point in trying to justify market movements with meaningless lines when movements are caused by specific events in the political and economic arena.
Of course, if you try to justify market movements with indicators, it will not work. Indicators are designed to collect, summarize and present data as an abstract model (lines, levels, grids, etc.) for better understanding and analysis. Indicators are not a prediction of the market, but an interpretation. Therefore, you are in vain rejecting their usefulness, because even when trading on news, they can become useful for more correct price analysis.
@Marcellus8610
Участник с Dec 28, 2023   38 комментариев
Jun 12 at 14:20
Raven1209 posted:
I opened a buy on EUR/USD at 1.08776, aiming for an upward move. For this trade, I didn’t set a stop loss but instead drew a red line at 1.08586, where the stop loss would ideally be. By doing this, I had a clear mental threshold without enforcing a strict limit, giving me the flexibility to stay in the trade despite some volatility.

The market after little drawdown moved favorably, and trade was closed on take profit price at 1.08937, securing a profit of $3,220. If I had set a strict stop loss at the red line, I would have been stopped out prematurely and incurred losses. This approach of using a visual stop loss allowed me to avoid unnecessary exits and capitalize on the market’s eventual rise.
I really like your trading style. From my inexperienced point of view, your strategy with imaginary stop losses seems to deliver real results, and you prove it. I would like to see more of your trade analysis if possible.
Участник с Jun 12, 2024   6 комментариев
Jun 12 at 16:30
Good point well made. People use indicators as signal providers but they are nothing of the sort.
Участник с Sep 29, 2022   71 комментариев
Jun 13 at 15:51
Gert12 posted:
Raven1209 posted:
I opened a buy on EUR/USD at 1.08776, aiming for an upward move. For this trade, I didn’t set a stop loss but instead drew a red line at 1.08586, where the stop loss would ideally be. By doing this, I had a clear mental threshold without enforcing a strict limit, giving me the flexibility to stay in the trade despite some volatility.

The market after little drawdown moved favorably, and trade was closed on take profit price at 1.08937, securing a profit of $3,220. If I had set a strict stop loss at the red line, I would have been stopped out prematurely and incurred losses. This approach of using a visual stop loss allowed me to avoid unnecessary exits and capitalize on the market’s eventual rise.
I really like your trading style. From my inexperienced point of view, your strategy with imaginary stop losses seems to deliver real results, and you prove it. I would like to see more of your trade analysis if possible.
Thanks for the kind words! I'll try to do more analyses, but it really depends on my trading pace. I tend to trade at a slower rate, focusing on monthly profit. If my trades are successful, there are fewer of them; if not, I might trade more, but always with caution. I'll keep up with the analysis as much as possible.
Участник с Aug 19, 2021   240 комментариев
Jun 14 at 15:01
ScoutQueen posted:
Good point well made. People use indicators as signal providers but they are nothing of the sort.
Oh indicators will help predict further movement. But anything can happen. And a signal is a signal. lol.
Участник с Apr 04, 2023   10 комментариев
Jun 17 at 13:06
You dudes say that as if indicators are of no use at all. Although this is not true. Moreover, I do not understand traders who do not use indicators in their trading at all.
Участник с Aug 19, 2021   240 комментариев
Jun 20 at 08:13
Cap_Marshal posted:
You dudes say that as if indicators are of no use at all. Although this is not true. Moreover, I do not understand traders who do not use indicators in their trading at all.
Oh I believe, Cap, you misunderstood us. No one says that indicators are useless. On the contrary, thanks to them you have the opportunity to analyze the market and think about where to open an order and where the market will move, up or down (I'm explaining it to you as simple as I could). LOL.
But the interpretation of indicators can be false. There can be false market movement. And we can go on forever.
Участник с Nov 28, 2022   1 комментариев
Jun 20 at 10:11
Hi. How often do you update the system?
Участник с Apr 04, 2022   24 комментариев
Jun 20 at 13:26
Has anyone traded the Euro Dollar on these days or perhaps done some analysis? I see that the market continues its downward trend, but I have doubts that the market will fall below 1.07100. That being said, I wouldn't want to miss a good opportunity to sell. There is also a risk that, as earlier on June 12, the market will make a sharp growing impulse and I will simply go to stop loss.
A falling leaf does not try to influence the wind, it enjoys flying.
forex_trader_3704858
Участник с May 10, 2024   10 комментариев
Jun 20 at 14:11
Hi, in my opinion, there will be an upward correction of EUR/USD, the economic announcements from the USA are all negative.
Участник с Jun 29, 2020   1 комментариев
Jun 21 at 00:06
Gert12 posted:
Raven1209 posted:
I opened a buy on EUR/USD at 1.08776, aiming for an upward move. For this trade, I didn’t set a stop loss but instead drew a red line at 1.08586, where the stop loss would ideally be. By doing this, I had a clear mental threshold without enforcing a strict limit, giving me the flexibility to stay in the trade despite some volatility.

The market after little drawdown moved favorably, and trade was closed on take profit price at 1.08937, securing a profit of $3,220. If I had set a strict stop loss at the red line, I would have been stopped out prematurely and incurred losses. This approach of using a visual stop loss allowed me to avoid unnecessary exits and capitalize on the market’s eventual rise.
I really like your trading style. From my inexperienced point of view, your strategy with imaginary stop losses seems to deliver real results, and you prove it. I would like to see more of your trade analysis if possible.
LOL
Участник с Feb 16, 2024   6 комментариев
Jun 24 at 12:09
@MarcellusLux Is your trading system set up for a specific timeframe?
Участник с Aug 19, 2021   240 комментариев
Jul 01 at 10:12
StrategiaFortuna posted:
Hi, in my opinion, there will be an upward correction of EUR/USD, the economic announcements from the USA are all negative.
Oh, Im looking at the market now, I can say that there was a correction. But now EURUSD will have to go through the resistance level of 1.07484 again for further growth of the pair.
Участник с Sep 29, 2022   71 комментариев
Jul 01 at 16:44
Jumped into a long on GBP/USD at 1.26794, eyeing a bullish move. Held the position for almost five hours. Had my take profit set at 1.26998 and nailed it, locking in a solid $4,080 profit. No stop loss, just a mental note where it should be. The trade played out perfectly. This is not an analysis, I'm just bragging😁

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Участник с May 19, 2020   420 комментариев
Jul 03 at 12:47
OllyMolly posted:
Hi. How often do you update the system?
The general updates is provided annually after the trading year closing and analyzed. I analyze the year's activity in detail and work on mistakes, which occurs in March-April.
Further updates are related either to market behavior or to trading results after the changes made (in case risk management and account profitability do not meet my expectations).
@Marcellus8610
Участник с May 19, 2020   420 комментариев
Jul 03 at 12:53
Boomka posted:
@MarcellusLux Is your trading system set up for a specific timeframe?
The trading system works well over short distances, but also behaves stably over long-term trading of several days. So in the range of 15 minutes to 4 hours I can be sure in my result. It is unlikely to work for very fast trading and scalping, because market analytics and probability calculations algorithms take more time.
@Marcellus8610
Участник с Feb 16, 2024   6 комментариев
Jul 05 at 15:58
MarcellusLux posted:
Boomka posted:
@MarcellusLux Is your trading system set up for a specific timeframe?
The trading system works well over short distances, but also behaves stably over long-term trading of several days. So in the range of 15 minutes to 4 hours I can be sure in my result. It is unlikely to work for very fast trading and scalping, because market analytics and probability calculations algorithms take more time.
Thanks for the explanation.
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