Trade Status: Active
S.L @ 0.7133
Balance = $29 617 Position size = 1.2 lot ~ 2-3% risk of capital
- New short term structure of higher highs and lows
- Resistance and breakout
- Strong hourly candle on opening. its been usual to see this behavior in the past few weeks. The euro opens the week lower on over the weekend negative news, but rally again in anticipation for a deal with Greece.
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Wish me luck and best of luck for everyone.
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I don't think Technician is here to ensure that his ideas make for profitable trades for other people. He stands his own losses. He nor anyone who posts their ideas out here, has any obligation to make winning trade set ups for others. If anybody follows trade setups of others and they happen to lose, that's a risk that they take. Slinging mud at people because one followed someone elses' trade setup and lost, actually shows a high degree of immaturity. I speak it as I see it.
I hope no one removes this thread. It has taught me quite a lot about the mistakes that new traders make in their expectations and approaches to trading.
If people can't stand losing - find some other thing to do. Financial trading in its various forms, is not a get 'rich quick scheme' - it actually is a 'get poor quick' scheme for those who fail to understand the basic concepts and apply them appropriately.