Profit / loss analysis and trading talks

Raven1209 posted:
Jumped into a short on EUR/USD at 1.07717, anticipating a downturn. With the market's recent behavior, I sensed a drop was imminent. Kept the position open for two days, holding firm in my conviction of a bearish outcome. My take profit was initially set at 1.07407, but I opted to close the trade manually at 1.07461. Although slightly off from my target, this maneuver still secured a profit of $5,120. This manual close allowed me to capitalize on the optimal moment, showcasing the importance of staying adaptable in the forex game. Next time, I might tweak the exit strategy a bit more to fully capture potential gains.

Your keen anticipation and adaptability paid off well, securing a solid profit despite the slight deviation from your target. Staying flexible in your approach is key in the forex market, and your ability to capitalize on the optimal moment speaks volumes.

Gert12 posted:

MarcellusLux posted:

Gert12 posted:
@MarcellusLux You say that you constantly manage to improve your system. How do you understand that it is getting better?

The initial parameters that can be considered are system profitability and consistency. But at the moment, when the system already shows good results, I am trying to improve trading by searching for the best combination of trading quality and trading frequency. In some cases, I work on certain market situations and see the result of changes when the trading system begins to make a profit on those patterns where there were previously mistakes and losses.

Okay, is there any chance to improve the working trading system, in which losses completely offset profits? Or is it easier to create again?

There is always a chance to make trading better, you just need to see the mistakes and the path to take to solve them.
But if you have new ideas and you believe in them and in your trading, then why not create something new? When I was not satisfied with the previous system profitability, I began developing a new trading system LUX.

MarcellusLux posted:

Gert12 posted:

MarcellusLux posted:

Gert12 posted:
@MarcellusLux You say that you constantly manage to improve your system. How do you understand that it is getting better?

The initial parameters that can be considered are system profitability and consistency. But at the moment, when the system already shows good results, I am trying to improve trading by searching for the best combination of trading quality and trading frequency. In some cases, I work on certain market situations and see the result of changes when the trading system begins to make a profit on those patterns where there were previously mistakes and losses.

Okay, is there any chance to improve the working trading system, in which losses completely offset profits? Or is it easier to create again?

There is always a chance to make trading better, you just need to see the mistakes and the path to take to solve them.
But if you have new ideas and you believe in them and in your trading, then why not create something new? When I was not satisfied with the previous system profitability, I began developing a new trading system LUX.

Your approach is perfect: acknowledge flaws, innovate, and create. With the LUX trading system, you're not just improving your own trading; you're shaping the future of trading itself. Love you man >3

Raven1209 posted:

Gert12 posted:

Raven1209 posted:

Gert12 posted:

Raven1209 posted:

Michel_Dubois posted:
Well I have other question. Is there any point in doing a trade analysis if you trade with a scalping robot? I just wondering about my trade.

In any case, you can evaluate the overall picture of trading efficiency.

Can you give advice on how to analyze a large number of transactions? For example scalping strategy?
Where there is one trade I already roughly understand. But when are there many of them? Which method will be more effective?

For high-volume strategies like scalping, consider using automated tools like MT. This can make it easier to evaluate performance without getting lost in the details.

Thanks, but how to do this?

Its easy.
In you MT trading history right click on any trade and ' Save as a Report' or 'save as detailed report'.
For scalping you also can firstly choose a period choosing 'Custom period'.

Hope it will help😐

Yes it helped. I didn't know about this feature. Thank you.

MarcellusLux posted:

Gert12 posted:

MarcellusLux posted:

Gert12 posted:
@MarcellusLux You say that you constantly manage to improve your system. How do you understand that it is getting better?

The initial parameters that can be considered are system profitability and consistency. But at the moment, when the system already shows good results, I am trying to improve trading by searching for the best combination of trading quality and trading frequency. In some cases, I work on certain market situations and see the result of changes when the trading system begins to make a profit on those patterns where there were previously mistakes and losses.

Okay, is there any chance to improve the working trading system, in which losses completely offset profits? Or is it easier to create again?

There is always a chance to make trading better, you just need to see the mistakes and the path to take to solve them.
But if you have new ideas and you believe in them and in your trading, then why not create something new? When I was not satisfied with the previous system profitability, I began developing a new trading system LUX.

I see. How did you go about developing LUX? Did you base it on existing systems, or did you take an entirely different approach?

Raven1209 posted:
Jumped into a short on EUR/USD at 1.07717, anticipating a downturn. With the market's recent behavior, I sensed a drop was imminent. Kept the position open for two days, holding firm in my conviction of a bearish outcome. My take profit was initially set at 1.07407, but I opted to close the trade manually at 1.07461. Although slightly off from my target, this maneuver still secured a profit of $5,120. This manual close allowed me to capitalize on the optimal moment, showcasing the importance of staying adaptable in the forex game. Next time, I might tweak the exit strategy a bit more to fully capture potential gains.

Oh nice. The decision to enter a short position on EUR/USD, based on the anticipation of a downturn, seems well-founded, especially considering the recent market behavior. Glad you made a profit.

WhiteWitcher posted:

Raven1209 posted:
Jumped into a short on EUR/USD at 1.07717, anticipating a downturn. With the market's recent behavior, I sensed a drop was imminent. Kept the position open for two days, holding firm in my conviction of a bearish outcome. My take profit was initially set at 1.07407, but I opted to close the trade manually at 1.07461. Although slightly off from my target, this maneuver still secured a profit of $5,120. This manual close allowed me to capitalize on the optimal moment, showcasing the importance of staying adaptable in the forex game. Next time, I might tweak the exit strategy a bit more to fully capture potential gains.

Oh nice. The decision to enter a short position on EUR/USD, based on the anticipation of a downturn, seems well-founded, especially considering the recent market behavior. Glad you made a profit.

What specific indicators or analysis did you rely on to anticipate the downturn? And how do you typically manage risk when executing short positions in such volatile markets?

@khalidkhan82118 Appreciate the shoutout. For this EUR/USD trade, my expectations were largely based on observing market dynamics that hinted at a potential reversal. This time, I didn't rely too much on technical indicators; instead, I trusted my experience and understanding of the market.
As for risk management, I don't always set sl, but I draw red lines where they should be. In this case, I kept my risk under tight control and was ready to exit manually if market dynamics changed in an unfavorable direction, which fortunately did not happen. Staying vigilant and being willing to adapt is crucial in my approach to risk management.

@Gert12 You're welcome:)

khalidkhan82118 posted:

MarcellusLux posted:

Gert12 posted:

MarcellusLux posted:

Gert12 posted:
@MarcellusLux You say that you constantly manage to improve your system. How do you understand that it is getting better?

The initial parameters that can be considered are system profitability and consistency. But at the moment, when the system already shows good results, I am trying to improve trading by searching for the best combination of trading quality and trading frequency. In some cases, I work on certain market situations and see the result of changes when the trading system begins to make a profit on those patterns where there were previously mistakes and losses.

Okay, is there any chance to improve the working trading system, in which losses completely offset profits? Or is it easier to create again?

There is always a chance to make trading better, you just need to see the mistakes and the path to take to solve them.
But if you have new ideas and you believe in them and in your trading, then why not create something new? When I was not satisfied with the previous system profitability, I began developing a new trading system LUX.

Your approach is perfect: acknowledge flaws, innovate, and create. With the LUX trading system, you're not just improving your own trading; you're shaping the future of trading itself. Love you man >3

Thank you for your kind words. I am glad to find like-minded people here and such support inspires me to further trading heights.

MarcellusLux posted:

Gert12 posted:

MarcellusLux posted:

Gert12 posted:
@MarcellusLux You say that you constantly manage to improve your system. How do you understand that it is getting better?

The initial parameters that can be considered are system profitability and consistency. But at the moment, when the system already shows good results, I am trying to improve trading by searching for the best combination of trading quality and trading frequency. In some cases, I work on certain market situations and see the result of changes when the trading system begins to make a profit on those patterns where there were previously mistakes and losses.

Okay, is there any chance to improve the working trading system, in which losses completely offset profits? Or is it easier to create again?

There is always a chance to make trading better, you just need to see the mistakes and the path to take to solve them.
But if you have new ideas and you believe in them and in your trading, then why not create something new? When I was not satisfied with the previous system profitability, I began developing a new trading system LUX.

Could you improve my trading system, or maybe look at least a little and give advice?

黄金价格预测更新14-05-2024

黄金价格分析
预期场景
黄金价格 显示自上午以来的疲软交易，表明今天的预期看涨趋势没有改变。
这一趋势受到技术指标的推动，这些指标现在提供了积极的信号，等待访问2400.00美元，然后是2431.44美元的水平，作为下一个主要站点。
突破2325.90美元将阻止预期的上涨，并推动价格在盘中实现额外的看跌修正，其下一个目标将达到2260.60美元区域。
预期交易区间
在支撑位2325.00美元和阻力位2365.00美元之间。

趋势预测：看涨



原油价格预测更新14-05-2024

原油价格分析
预期场景
原油价格 现在提供了额外的负交易，压在79.00美元的关口。
这支持日内预期的看跌趋势的延续，第一个目标为77.64美元。突破它代表了反弹至75.25美元的关键。
熊市波的延续取决于价格是否稳定在79.60美元以下，因为突破它将导致新的收益最初瞄准81.50美元区域。
预期交易区间
在支撑位77.30美元和阻力位80.40美元之间。

趋势预测：看跌

You can refer to our trading system to enrich your own trading mechanism, which can be used for reference.

Raven1209 posted:
Jumped into a short on EUR/USD at 1.07717, anticipating a downturn. With the market's recent behavior, I sensed a drop was imminent. Kept the position open for two days, holding firm in my conviction of a bearish outcome. My take profit was initially set at 1.07407, but I opted to close the trade manually at 1.07461. Although slightly off from my target, this maneuver still secured a profit of $5,120. This manual close allowed me to capitalize on the optimal moment, showcasing the importance of staying adaptable in the forex game. Next time, I might tweak the exit strategy a bit more to fully capture potential gains.

Looking at the situation before closing your trade, I noticed that the price approached near your take profit several times, but the decrease was not deep enough. I understand you perfectly, because when a couple of points are missing before the trade is closed and the market begins to roll back, then doubts arise about the correctness of setting the take profit. Manual closing in your case is indeed justified, but I would also like to note the fact that soon after closing the trade, the market still reached the take profit level, which means that there are most likely no errors in setting the target. Let me know if you have made any changes to your trading strategy?

Raven1209 posted:
Jumped into a short on EUR/USD at 1.07717, anticipating a downturn. With the market's recent behavior, I sensed a drop was imminent. Kept the position open for two days, holding firm in my conviction of a bearish outcome. My take profit was initially set at 1.07407, but I opted to close the trade manually at 1.07461. Although slightly off from my target, this maneuver still secured a profit of $5,120. This manual close allowed me to capitalize on the optimal moment, showcasing the importance of staying adaptable in the forex game. Next time, I might tweak the exit strategy a bit more to fully capture potential gains.

I'm also wondering what convinced you to wait out the drawdowns while trading. I see that the first time the market went up on the day the trade was opened to 1.07931 and the second time the next day it reached 1.07892?
In my opinion, this is also an absolutely correct decision and the absence of stop loss helped you stay in the market. Simply, the hourly MACD continued to confidently signal a continuation of the fall, almost without crossing the signal line.

MarcellusLux posted:

Raven1209 posted:
Jumped into a short on EUR/USD at 1.07717, anticipating a downturn. With the market's recent behavior, I sensed a drop was imminent. Kept the position open for two days, holding firm in my conviction of a bearish outcome. My take profit was initially set at 1.07407, but I opted to close the trade manually at 1.07461. Although slightly off from my target, this maneuver still secured a profit of $5,120. This manual close allowed me to capitalize on the optimal moment, showcasing the importance of staying adaptable in the forex game. Next time, I might tweak the exit strategy a bit more to fully capture potential gains.

I'm also wondering what convinced you to wait out the drawdowns while trading. I see that the first time the market went up on the day the trade was opened to 1.07931 and the second time the next day it reached 1.07892?
In my opinion, this is also an absolutely correct decision and the absence of stop loss helped you stay in the market. Simply, the hourly MACD continued to confidently signal a continuation of the fall, almost without crossing the signal line.

Oh, I suppose that he, like most of us, wanted to earn more, but then his endurance failed him. Lol
It’s good that we can ask more experienced traders for their opinion, because we really immediately begin to doubt the strategy.

@MarcellusLux
Caught the price nudging past the TP after I closed out—classic, right?:) Though I was about 90% confident I'd hit that level eventually, but those 10% doubts...
Regarding the SL, it was more of a guideline—marked in red but not formally set. The price went close the first time (1.07931), but didn't reach the red line, and the second peak (1.07892) was even lower, which was reassuring. No major improvements to my strategy just yet since the profit was made. But definitely thinking about a more patient stance going forward.

WhiteWitcher posted:

MarcellusLux posted:

Raven1209 posted:
Jumped into a short on EUR/USD at 1.07717, anticipating a downturn. With the market's recent behavior, I sensed a drop was imminent. Kept the position open for two days, holding firm in my conviction of a bearish outcome. My take profit was initially set at 1.07407, but I opted to close the trade manually at 1.07461. Although slightly off from my target, this maneuver still secured a profit of $5,120. This manual close allowed me to capitalize on the optimal moment, showcasing the importance of staying adaptable in the forex game. Next time, I might tweak the exit strategy a bit more to fully capture potential gains.

I'm also wondering what convinced you to wait out the drawdowns while trading. I see that the first time the market went up on the day the trade was opened to 1.07931 and the second time the next day it reached 1.07892?
In my opinion, this is also an absolutely correct decision and the absence of stop loss helped you stay in the market. Simply, the hourly MACD continued to confidently signal a continuation of the fall, almost without crossing the signal line.

Oh, I suppose that he, like most of us, wanted to earn more, but then his endurance failed him. Lol
It’s good that we can ask more experienced traders for their opinion, because we really immediately begin to doubt the strategy.

Haha, spot on! There's always that tug-of-war between pushing for more and taking what you can get. It's part of trading's thrill and challenge. I always appreciate hearing from other traders—it's crucial for refining strategies and sometimes even for reassurance. Thanks for chiming in!

Raven1209 posted:

WhiteWitcher posted:

MarcellusLux posted:

Raven1209 posted:
Jumped into a short on EUR/USD at 1.07717, anticipating a downturn. With the market's recent behavior, I sensed a drop was imminent. Kept the position open for two days, holding firm in my conviction of a bearish outcome. My take profit was initially set at 1.07407, but I opted to close the trade manually at 1.07461. Although slightly off from my target, this maneuver still secured a profit of $5,120. This manual close allowed me to capitalize on the optimal moment, showcasing the importance of staying adaptable in the forex game. Next time, I might tweak the exit strategy a bit more to fully capture potential gains.

I'm also wondering what convinced you to wait out the drawdowns while trading. I see that the first time the market went up on the day the trade was opened to 1.07931 and the second time the next day it reached 1.07892?
In my opinion, this is also an absolutely correct decision and the absence of stop loss helped you stay in the market. Simply, the hourly MACD continued to confidently signal a continuation of the fall, almost without crossing the signal line.

Oh, I suppose that he, like most of us, wanted to earn more, but then his endurance failed him. Lol
It’s good that we can ask more experienced traders for their opinion, because we really immediately begin to doubt the strategy.

Haha, spot on! There's always that tug-of-war between pushing for more and taking what you can get. It's part of trading's thrill and challenge. I always appreciate hearing from other traders—it's crucial for refining strategies and sometimes even for reassurance. Thanks for chiming in!

What strategies do you find most effective in navigating that tug-of-war? And how do you decide when to push for more and when to take what you can get?

Raven1209 posted:
@MarcellusLux
Caught the price nudging past the TP after I closed out—classic, right?:) Though I was about 90% confident I'd hit that level eventually, but those 10% doubts...
Regarding the SL, it was more of a guideline—marked in red but not formally set. The price went close the first time (1.07931), but didn't reach the red line, and the second peak (1.07892) was even lower, which was reassuring. No major improvements to my strategy just yet since the profit was made. But definitely thinking about a more patient stance going forward.

How do you typically handle those moments of uncertainty when closing out positions? And regarding your SL strategy, do you find that having it as more of a guideline rather than a strict set point helps you stay flexible in volatile market conditions?