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End of the Month - Review of September TradesTrading, it’s not just about entering and closing trades. It’s also about preparing for trading. It’s nearly the end of the month and I’ll be using this weekend to review my trades. I shall be looking at the following: Are my losing trades “good drawdown”. Was I following my system? If not this can be called bad drawdown and down to stupidity and not following my system. As my winners I am aware some were closed early and I need to review if I was following my system. I shall review my trade record keeping and see if any improvements can be made.
PEPPERSTONE:XAGUSD
by ratcatcher
Market$ CorrelationsICEUS:KC1! Coffee Harvest in Colombia starts in October: Colombia is reported to produce 10-15% of the worlds entire coffee supply, the third largest coffee producer in the world! Speculating ICEUS:KC1! will be +MOVING ABOVE $260. I also speculate ICEUS:KC1! will support the Colombian index NASDAQ:NQCOMC to continue above its $726 highs. Lastly I don't see the present correlation between the NASDAQ:NQCOMC and the AMEX:SPY having a negative effect on the US economy; as it pertains to the fears of a USA recession popping up in recent headlines while approaching the Federal Interest rate decision in the days ahead.
NLong
by UnknownUnicorn28743597
Down Trend continuation on XAUUSD - NOT A TRADE IDEAThis is my idea on the market currently , had a losing trade this morning, then hope in on a 1:3 RR trade that went smooth, and as we are confirming the downtrend continuation we can trend the correction and then go into the continuation from the last FVG on 5min. I am not taking these trades marked but I want to check if the strategy is working outside of the time frame usually trading on, then let's market up and see how does the market react tho the following key levels First Key Level was 2454.358 area we saw a good reaction from that Leve Next Key Leve is 2459.921 area, let's see if it will be touched and if so , market will move into the downtrend direction. this is my POV on the market 18/7/2024 PS : going today with a +1% , while still on a 2.7% drowdown :D
OANDA:XAUUSDShort
by boomland0
[EDU]How to Evaluate your 2023 Trade Journal and performance?Hello fellow traders , my regular and new friends! Welcome and thanks for dropping by my post. To be a profitable, consistent and successful trader, I have yet seen anyone of them without a trading journal. This shows how important a trading journal is to a trader and the values it can bring to them. So, without further ado, let's see what we should look at and take note of when we do our year end trading journal review (although this review,in a shorter format, be done on a weekly and monthly or quarterly basis) Before you start we should look at what goals have you setup yourself for. It can be 1 -3 big goals you have for the year 2023. E.g. Hit specific $ for your PNL or improve on your win rate % etc. Are there also minor goals that you have that you added along the way? Then we can move on to our journal. 1. 1st we can have a bird's eye view of things : Overall performance, some metrics that you should focus and look at,they are: P&L Win rate % Expectancy Profit factor Average R multiple Drawdown and max. drawdown Sharpe ratio Worst and Best trades 2. Looking deeper into things : a. Look through all the trades you have done, do you come by noticeable pattern such on the wins and the losses. E.g. it can be you took more number of losses on Monday Morning, or you tend to close off positions without a valid reason to exit etc. b. Filter through your trades to see what time or day you trade best, if any. c. Look at your top 5 to 10 most profitable and most losses trades. Evaluate them in terms of: > Why they end up as a loser/winner > Are they align with your assumptions such as best winners come from your A+ setups etc. > What are the things you did right for your best trades and what you did wrong for those losing trades. What you can improve on them or what you can continue doing things that went well. 3. Psychological resilience : This is important part of the journal as well where you reflect on your psychology throughout the year. You should have it documented somewhere and you can evaluate how well you have managed emotions such as stress, and maintained discipline during periods of drawdown or winning steaks. What you have and have not done and what can be done better. But of course, you should have done it over the course of the year and summarize out some findings along the way. 4. Learning and development : - Look back at the strategies you have on hands, which are your bread and butter setups and what new strategies or setups you have incorporated. - Are there any market insights you acquired over the year, this should come handy to improve your edge in trading. - Also do identify where are your further learning and development area that you can focus to improve your trading proficiency. Finally, here's what I would like to share in the next sharing. I will be sharing how you can proper set goals for yourself and track them then improve consistently as a trader!So, yup, stay tuned! Do Like and Boost if you have learnt something and enjoyed the content, thank you! -- Get the right tools and an experienced Guide, you WILL navigate your way out of this "Dangerous Jungle"! -- ********************************************************************* Disclaimers: The analysis shared through this channel are purely for educational and entertainment purposes only. They are by no means professional advice for individual/s to enter trades for investment or trading purposes. *********************************************************************
Education
by Shadowing_The_Big_Boys
💵  E a r n i n g s J o u r n a l📶 S T A T I S T I C A L A N A L Y S I S           Current 50-Day Market Trend: short/sellers/negative. Next Swing: neutral swing of volatility. Next Wave: sell wave to the range. Next 50-Day Market Trend: long/buyers/positive. Trade Type: Touch & Go don't wait for a close.          💵 E A R N I N G S A T A G L A N C E Market Capitalization: 117.558B Release Date: 11/21 BMO Quarter: FQ3'23 _______________________________________________ Revenue Anticipations: positive surprise of Revenues. Revenue Surprise-Confidence: on a scale of 0-9, #4 Revenue 2-Year Trend: the company trend in Revenues is neutral. _______________________________________________ EPS Anticipations: positive surprise of EPS. EPS Surprise-Confidence: on a scale of 0-9, #2 EPS 2-Year Trend: the company trend in EPS is neutral. _______________________________________________ 📝 S Y N O P S I S  🟢 Buy ~ If the earnings report is above the Wall Street consensus, I expect the market will buy the +surprise.  ⚪ Neutral ~ If the earnings report is released with complicating press, I expect the market will avoid the surprise and invest in alternative securities.  🔴 Sell ~ If the earnings report is below the Wall Street consensus, I expect the market will sell the -surprise. 🔎 R E S E A R C H D E P T H Technical Analysis: daily chart. Fundamental Analysis: EPS & Revenue data. Press/News: none. Social Media: none. ☝️ P R O V I S I O N The analysis presented is incomplete work thereby can't safely trade in the Market by itself.
NYSE:LOW
by UnknownUnicorn28743597
Correction Ray Range for GoldGold is a truly different things with other investing objects. After reach highest high this year, we can see how much fear and fragile ranging price above 2k. Nowadays people realize more that somehow they can make a good investment on gold, but in the other side gold is not a thing that can used as money machine. They can have the expected benefit from gold after they loose that thing. So then, let’s see how fast gold can move closer near to it’s fair value after FOMO happened on bank rush insident. One thing that has same power with FOMO is FATT (Fear At The Top)
OANDA:XAUUSD
by djaya168
The Benefits of Keeping a Trading Journal for Your PsychologyTrading can be a challenging and emotional endeavor. As traders, we must navigate through various market conditions, deal with losses, and manage our emotions. It's not surprising that many traders struggle with maintaining their psychological balance. However, one tool that can help traders keep their emotions in check and improve their trading is a trading journal. A trading journal is a document or software that traders use to track their trades, analyze their performance, and record their thoughts and emotions during the trading process. Here are some of the benefits of keeping a trading journal for your psychology: Self-Awareness Keeping a trading journal helps traders become more self-aware of their thoughts, emotions, and behaviors while trading. By recording their trades and reviewing them, traders can identify patterns in their behavior, emotions, and decision-making. This self-awareness can help traders recognize their strengths and weaknesses, and develop strategies to improve their trading. Improved Decision-Making A trading journal can also help traders make better decisions. By analyzing their trades, traders can identify mistakes they made and learn from them. They can also identify successful trades and analyze what they did right. This process can help traders develop a more effective trading strategy and improve their decision-making skills. Accountability A trading journal can help traders hold themselves accountable for their trading decisions. By recording their trades and emotions, traders can see where they went wrong and take responsibility for their mistakes. This accountability can help traders learn from their mistakes and avoid making the same ones in the future. Stress Management Trading can be a stressful activity. By keeping a trading journal, traders can vent their emotions and reduce their stress levels. Writing down their thoughts and emotions during trading can help traders release their negative emotions and feel more relaxed. This stress management technique can help traders maintain a healthy psychological state while trading. Goal Setting Keeping a trading journal can help traders set and achieve their goals. By recording their trades and analyzing their performance, traders can identify areas where they need to improve and set goals to achieve those improvements. These goals can be related to profitability, risk management, or any other aspect of trading. Setting and achieving these goals can help traders feel a sense of accomplishment and increase their motivation. In conclusion, keeping a trading journal is an excellent tool for traders to improve their psychological state while trading. By increasing self-awareness, improving decision-making, holding oneself accountable, managing stress, and setting goals, traders can improve their overall trading performance. Therefore, it's highly recommended for traders to keep a trading journal to improve their trading psychology.
DJ:USDOLLAREducation
by FOREXN1
22
P2P | DXY PredictionWhats up guys and gals, thank you for tapping in with another icy DXY prediction. Not sure how long I will keep the idea of this mark up due to the fact that we have entered Q2... Let's see what we get! Keeping it simple, I seen price action: 1. Support above old highs 2. Bullish imbalance 3. FVG on daily timeframe 4. Direction of momentum Some simple yet effective confirmations I use in my analysis. These past few weeks have been crushing it so shoutout to yall for sticking with me! See you in the next clip of education and analysis. Trade well, stay healthy, and let 2023 be the beginning of it all for you!
TVC:DXYLong
by Pips2Porsches
Journaling the successful trade on SQEven dough the trade was amazing , there is always room for improvement. Here is what i learnd 1.if the markets (indexes) are green at closing, it doesn't mean there will not be a pull back, which can effect your trading position. and vice versa. 2. if you miss your entry, and the trade is going in the direction you calculated, use your trend lines for a entry. 3. be sure its and nice set up on the candle sticks that favors your direction, after the touch of the trend line. 4. be sure to chart down on with your analysis.
NYSE:SQ
by HelloUs
MARKET ANALYSIS / WHAT I DID CORRECTFollowing from my drawback this week on having incorrect bias and entry, I decided to let the trade come to me and it planned out. My bias going into the day post news yesterday was bullish , given the PDL / PDH and the weekly high with the PDI ( Previous day interest) levels. I waited for a long impulsive green candle to form as a FVG and wait for price to return into a discount . Tight but good stop loss and entered. My only setback is that I have the PDI as TP but given how the market has been with me I wanted to bank those points. Doing so I lost on 50+ points in total but I cant catch them all. Overall I am happy with todays performance and will work on more about entry/exit strategy. I did have some small stop outs and 1 BE trade due to not following through which cost me but it is what it is - no emotion. Increase buy/sell to 2 positions, 1 to run and run to cut at an appropriate stage. Keep the stop loss to what Im using (8-12 points) Work on waiting for the trade Trust and do not switch the strategy Do not chase price Scale in 6/10 day.
CAPITALCOM:DE40Long
by thelewisbeale
1
Trade Journal - FAZE, Feb 6 (long)Thesis Closing price moved upwards past the baseline during the last few sessions. CLAMP indicator should have been yellow before entering this trade , but it is very likely that it will be yellow as of Feb 7th. Discovery FAZE was on my watchlist after looking at the screener. At the time I was looking for stocks that moved +/- a certain amount on the week and month, and had high volatility. Correlation +: HKDJPY, WEAT, and DXY -: HUFUSD, XAUUSD Based on the last year of trades, FAZE was correlated with the above; I was happy with my entry signals and confirmed this correlation with the other tickers and saw they were all moving together or against eachother as expected. Entry +616 @ 1.17 (6.16 fee) TP: -308 @ 1.40 SL: -616 @ 0.83
FLong
by KyleBaran
Trade Journal - UUUU, Feb 7 (short)UUUU has been trending between $6 to $9 over the last year or two. It seems like it hit a local top and I believe it will head back down. On Feb 6th it closed within the baseline, and I watched and waited for it today; I entered a short position around 1 pm and it retraced and went back up. It never actually closed past my baseline ; I should have waited for today to close, or else did it just before market close to have more accurate pricing/signals. The CLAMP indicator did agree with the trade, however. Based on fib levels, it could plausibly reach the 6.51 to 7.03 range. -400 @ 7.13 (4.95 fee)
AMEX:UUUUShort
by KyleBaran
Trade Journal - BTB, Feb 6 (long)Thesis Closing price has not moved past the baseline - this trade should not have been entered. However, the CLAMP indicator is yellow (positive) which indicates a forming trend. Given, the volatility of this stock, it has the potential to move sharply up. This feels like it was entered as a calculated FOMO trade. Discovery BTB was on my watchlist after looking at the screener. At the time I was looking for stocks that moved +/- a certain amount on the week and month, and had high volatility. Correlation +: XLU, XAGUSD, VIX -: RUBUSD, XLE, XOP Based on the last year of trades, BTB was correlated with the above; I was happy with my entry signals and confirmed this correlation with the other tickers and saw they were all moving together or against eachother as expected. Entry +154 @ 1.92 (4.95 fee) TP: -79 @ 2.82 SL: -154 @ 0.57
B
by KyleBaran
1
Trade Journal - DRIP, Feb 6 (long)Thesis Crossed baseline recently, CLAMP is yellow (positive), correlation agrees. Discovery After entering a trade with BTB, I saw it correlated negatively to XOP, the oil and gas exploration etf. DRIP is a leveraged play on this symbol. Correlation +: BTB, XAGUSD, VIX -: RUBUSD, XOP, UUUU Because we entered this symbol due to XOP correlation from BTB, there may be overlapping risk on this trade. Entry +161 @ 14.81 (0.00 fee) TP: -80 @ 15.70 SL: -161 @ 13.54
AMEX:DRIPLong
by KyleBaran
Trade Journal - HCMLY, Apr 8 (long)Trade Journal - HCMLY, Apr 8 (long) Tracking Apr 8 + Went long 20 shares to have exposure to sand for long term thesis - Again, converted it into a swing trade - Again, did not enter based on TA - TP was quickly hit, did not scale out Jun 10 - Increased position size by 35. This is fine for DCA strategy, and might have been what I did. However, I made the decision to swing it or take profits at some point, which should have been based on price levels and TA. Nov 14 + Took profits - Did not scale out by 50%, but a smaller amount Dec 19 + Took profits + This happened shortly after it crossed the baseline. It should have happened immediately, but at least we scaled out this time. - Still a weird amount to scale out by. Follow the system! Feb 2 + Trade ongoing, maintaining TP/SL levels Trades Apr 8, +20 @ 9.18 (4.95 fee) Jun 10, +35 @ 9.37 (4.95 fee) Nov 14, -17 @ 10.33 (4.95 fee) Dec 19 -18 @ 10.07 (4.95 fee) Outcome Ongoing. Trade is poor quality, but shows signs of improvement. We need to stop changing investments into swing trades. Both styles should be following a rigid system. Might be best to do it across two accounts so it's more clear what system each belongs to. We should try to have fewer transactions per trades since that will help with the fee overhead. Should we factor the fees into the risk of each trade? It is lost balance, after all.
OTC:HCMLYLong
by KyleBaran
1