We summarize Forex Club analyzes for the first half of 2020. It's good!

We summarize Forex Club analyzes for the first half of 2020. It's good!

Six months have passed since the last summary of analyzes that we publish in the portal Trading View. This means that we have no choice but to say "I am checking" for the next six months. Currencies, cryptocurrencies, indices, commodities ... These are the markets that Piotr Wilczyński analyzes for you on a daily basis. Is it effective? We check!

Analysis statistics - H2020 XNUMX

Forex analyzes constituted the majority, but there were fewer of them, because "only" 59 ​​(or actually 55, because 4 were a "continuation" of the previous ones) compared to 94 analyzes in the second half of 2019 (summary of this period you can find here).

To maintain consistency, we again considered only the scenario that was treated as the leading one for assessing effectiveness. We also used the same division into two categories: Forex (currencies, commodities, indices) and Cryptocurrencies. To evaluate the effectiveness, we take into account the ratio of orders completed on TP to the total number of executed positions ("TP" + "Stop hit").

Forex analysis, indexes, raw materials

In the previous half year the effectiveness was 83%. Of course, it was a bit of a hunger for Piotr, so he was not lacking in motivation to improve this result :-).

Number of published analyzes: 33
Ended with "TP": 9
stop hit: 15
Orders not executed: 7
Active orders: 2
Effectiveness: 38%

The percentage of profitable transactions is definitely smaller and here we are beating our chests, because the result seems to be very average. But… the exceptionally favorable Risk: Reward ratio from several profit-ending positions (even 1: 9) improves the whole situation. Details are discussed in the video below.

Cryptocurrency analysis

In the previous period, the effectiveness of cryptocurrency market analyzes was only 38%. Now the result is definitely better, at the same time with an increased number of analyzes (22 vs. 15 earlier).

VIDEO summary

Plans for the second half of 2020

We take what the market gives but we also do not plan to slow down. Our activity on Trading View in conjunction with the YouTube channel and Facebook group is a whole. When evaluating the whole, we must honestly admit the statistics would only be better.

We are not here from a "sprint" perspective and we are not interested in high risk high-risk returns or strategies "RUN". We also do not promote any website with signals. We check in retrospect whether a serious approach to the market can bring results. And we maintain this strategy for the next 6 months :-).

After a very exciting first half of the year, we observe a reduction in volatility and a decrease in market liquidity. However, this only increases our vigilance and makes us wait patiently for the next investment opportunities.

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Forex Club analysis - Trading View

Analyzes of Forex Club - Trading View (English version)

Market Video Analytics - YouTube

Forex Club Live - Facebook group

The published analyzes do not constitute signals, advice or "recommendations" within the meaning of the Regulation of the Minister of Finance of 19.10.2005 regarding information constituting recommendations on financial instruments or their issuers (Journal of Laws of 2005 No. 206, item 1715 ), and are only the author's personal views.