Profit / loss analysis and trading talks

WhiteWitcher posted:
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?

How do you identify the signs of a market correction in advance?

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.

Excellent. You have successfully taken advantage of the strong trend position and key levels to determine the entry and take profit. I can only add that on all time frames this trend was confirmed by the MACD confident buy position, and the position of the EMA line was confirmation of continued growth.
But I also see that there was a long-term divergence on the four-hour chart that could lead to a drop deep enough to hit your stop loss. But I also want to note your prudence and the fact that you were not in a hurry to enter the market and waited until the level of 1.34100 was broken.
Thank you for sharing your experience. I look forward to further posts.

What indicators do you use on your charts? I have tried MACD but had too many false signals

Use RSI indicator dear

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.

Is it really enough to just find a trend to get profit? It looks too simple for me. Am I wrong?

BonkersBit posted:
What indicators do you use on your charts? I have tried MACD but had too many false signals

The analytical part is based on the trend theory and key/marker technical levels, indicators MACD, EMA and RSI. I also use my developed algorithm for analyzing and calculating possible scenarios and risk associated with them. It provides the control over the market situation and the maximum benefit from each trading position.

lexusxxx 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.

Is it really enough to just find a trend to get profit? It looks too simple for me. Am I wrong?

Despite its simplicity, 90% of traders fail. Apparently not everything is as simple as it seems at first glance.

Raven1209 posted:

lexusxxx 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.

Is it really enough to just find a trend to get profit? It looks too simple for me. Am I wrong?

Despite its simplicity, 90% of traders fail. Apparently not everything is as simple as it seems at first glance.

Oh maybe that's why they lose? Because they are trying to combine too much or come up with something new. lol

lexusxxx 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.

Is it really enough to just find a trend to get profit? It looks too simple for me. Am I wrong?

This is just scratching the surface, and behind scene are many hours of work on the balance of the strategy, risk management, working on mistakes, tracking entry points, tracking news and changes in market behavior. This is just what I did today.

MarcellusLux posted:

lexusxxx 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.

Is it really enough to just find a trend to get profit? It looks too simple for me. Am I wrong?

This is just scratching the surface, and behind scene are many hours of work on the balance of the strategy, risk management, working on mistakes, tracking entry points, tracking news and changes in market behavior. This is just what I did today.

Trading is the path for the strong.

WhiteWitcher posted:

Raven1209 posted:

lexusxxx 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.

Is it really enough to just find a trend to get profit? It looks too simple for me. Am I wrong?

Despite its simplicity, 90% of traders fail. Apparently not everything is as simple as it seems at first glance.

Oh maybe that's why they lose? Because they are trying to combine too much or come up with something new. lol

By the way, when was the last time you heard about new trading systems that would use new methods of market analysis?

Oscar555 posted:

WhiteWitcher posted:

Raven1209 posted:

lexusxxx 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.

Is it really enough to just find a trend to get profit? It looks too simple for me. Am I wrong?

Despite its simplicity, 90% of traders fail. Apparently not everything is as simple as it seems at first glance.

Oh maybe that's why they lose? Because they are trying to combine too much or come up with something new. lol

By the way, when was the last time you heard about new trading systems that would use new methods of market analysis?

Oh trading on the market in the form which it now exists I believe has been fully studied in terms of indicators and analytical tools. All of these patterns and mathematical dependencies that ALWAYS display data based on historical data. That is, there is no predictor unless post-analysis.

WhiteWitcher posted:

Oscar555 posted:

WhiteWitcher posted:

Raven1209 posted:

lexusxxx 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.

Is it really enough to just find a trend to get profit? It looks too simple for me. Am I wrong?

Despite its simplicity, 90% of traders fail. Apparently not everything is as simple as it seems at first glance.

Oh maybe that's why they lose? Because they are trying to combine too much or come up with something new. lol

By the way, when was the last time you heard about new trading systems that would use new methods of market analysis?

Oh trading on the market in the form which it now exists I believe has been fully studied in terms of indicators and analytical tools. All of these patterns and mathematical dependencies that ALWAYS display data based on historical data. That is, there is no predictor unless post-analysis.

That's what I'm talking about. Will we not see progress?

@WhiteWitcher I believe trading has several directions for development, which depend on the needs of traders. For example, for high-frequency trading, the speed of data processing and, accordingly, the instant response of the algorithms are important. This is a parameter that can be improved.

@WhiteWitcher continuing the discussion, for example, market analysis can be significantly enhanced by tools using artificial intelligence.
As for more abstract approaches, there are always open questions in studying the psychology of traders and market behavior. I believe this is very important in crypto trading, where the reaction of the holders decides a lot.

I see your point, @MarcellusLux , about the advancements in AI and psychological studies in trading. While these are undoubtedly promising, we must also be cautious about overestimating technology's ability to predict market behaviors accurately, especially in unpredictable markets like crypto.

Oscar555 posted:
I see your point, @MarcellusLux , about the advancements in AI and psychological studies in trading. While these are undoubtedly promising, we must also be cautious about overestimating technology's ability to predict market behaviors accurately, especially in unpredictable markets like crypto.

Oh there are no unpredictable markets. lol.

MarcellusLux posted:
@WhiteWitcher continuing the discussion, for example, market analysis can be significantly enhanced by tools using artificial intelligence.
As for more abstract approaches, there are always open questions in studying the psychology of traders and market behavior. I believe this is very important in crypto trading, where the reaction of the holders decides a lot.

You talk about the importance of trades analysis. But what should those who trade with the help of an EA do?

lexusxxx posted:

MarcellusLux posted:
@WhiteWitcher continuing the discussion, for example, market analysis can be significantly enhanced by tools using artificial intelligence.
As for more abstract approaches, there are always open questions in studying the psychology of traders and market behavior. I believe this is very important in crypto trading, where the reaction of the holders decides a lot.

You talk about the importance of trades analysis. But what should those who trade with the help of an EA do?

If this is your EA, then it will also be useful for you to work on improving it.