Profit / loss analysis and trading talks

que76648 posted:

Oscar555 posted:

NochillFX posted:

Oscar555 posted:

ZanLanYu posted:
But to follow the markets while having a full time job is so difficult. That is why I like to use trading robots and signals providers .They do the hard analysis while I have full time job

A short story from my personal experience. I'm the person who left a full-time job to pursue a career as a trader. I'll tell you right away how my first attempt turned out—I failed and had to go back to work. It was tough, but I didn't give up on trading. I started spending less time on it, but gradually, little by little, I began to make a profit. I won't give any advice on this matter, as it's a personal decision for everyone. Some might get lucky.

My nephew just called telling he resigned to trade Forex and blew his cash payout. He resigned two months ago 😭

That’s tough, but unfortunately, it’s a common story. Trading isn’t easy, and it’s crucial to have a solid plan and backup before diving in. Tell your nephew not to give up, but to approach it more cautiously next time. It’s a learning curve.

Could you please tell me sir how exactly did you cope with failure in trading? What helped you not to give up? I'm just afraid that I might give in and go back to working for hire... and I want to earn money by trading you know.

Luigi_gi223 posted:

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?

que76648 posted:
What do i need to do to trade like you sir MarcellusLux? Please help me.

que76648 posted:
What do i need to do to trade like you sir MarcellusLux? Please help me.

que76648 posted:
What do i need to do to trade like you sir MarcellusLux? Please help me.

lexusxxx posted:

que76648 posted:
What do i need to do to trade like you sir MarcellusLux? Please help me.

Trade, study, apply. And also stock up on patience for 10 years to start earning for sure. Or yes, investments like @WhiteWitcher told you. If you don't have that much patience and time.

MarcellusLux posted:
My trading in August was quite active, with several record profit values, but the set goal was not achieved. I am already actively working on my mistakes and would like to share with you the analysis of recent trading.

The USDJPY (August 30) trade was a clear example of bias towards the market situation. Despite the fact that the market showed clear signals for continued growth, at least within the trend channel, I decided that a more likely scenario is the formation of a correction with a narrowing amplitude. For such a signal and correction trading, it was necessary to wait for the decline back below EMA 200 on the hourly chart.
I exited the market in time when I realized that continued growth was inevitable and the resistance of 145.500 was no longer an obstacle to growth.


EURZAR trading (August 30) was started on the initial MACD signal on a 15 minutes timeframe , where the intersection of the signal line gave an understanding that a significantly strong support of 19.52 would not be passed and further movement should be expected growth and a return to the formation of a correction channel, clearly visible on the 4-hour chart. The trade was closed after the growth stopped in the EMA 100 area on the 15-minute chart.

WhiteWitcher posted:

que76648 posted:
What do i need to do to trade like you sir MarcellusLux? Please help me.

Oh if you just want to make money like him, then if I remember correctly, it's an investment account, isn't it @MarcellusLux

que76648 posted:
What do i need to do to trade like you sir MarcellusLux? Please help me.

MarcellusLux posted:

que76648 posted:
What do i need to do to trade like you sir MarcellusLux? Please help me.

I don't want to seem rude, but to trade like me you have to be me. I mean every trader has own path, personal trading specifics, style and vision. You have to find yours.