Technician
Long

(J) Trade 16 : Simple Quick Intraday Long #forex

FX:EURGBP   Euro Fx/British Pound
4186 58 59
Trade 16: Bought EURGBP             @0.7170
Trade Status: Active
S.L @ 0.7133
T1 0.7220
T2 0.7264

Balance = $29 617 Position size = 1.2 lot ~ 2-3% risk of capital
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Reasoning
  • New short term structure of higher highs and lows
  • Resistance and trend line breakout
  • Strong bullish 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.

For Trades rules and guidelines follow this link
Journey to 100 Trades: Rules and Guidelines #forex


My best regards
Technician
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TahirAli
a year ago
Nice set up.Thanks.
Reply
moneymaking
a year ago
Hey Technician, how you doing? How did the previous trading week went for you? It was pretty slow one for me.
Reply
Nice tech, looking at this too. After the higher high made last week.
But i would stay wary of a possible 2618 IMO, after the double top posted last week on the H4 H1.

snapshot
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PriceActionTrading PriceActionTrading
a year ago
Done. got in at 2618 and took full position profit off it.
snapshot
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I'd probably wait to short at around 0.7264 if/when it gets there.
snapshot
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mac_abra
a year ago
Well done! . Hope for a pull back to entry around 7170
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No_more_Post
a year ago
Possible 1:1 RRR , but 1:2.54 is not easy,
Upside limit profit, Downside possible, and better RRR.
Reply
Warden
a year ago
snapshot

maybe it is not easy to break 0.72
+1 Reply
No_more_Post Warden
a year ago
yup, Possible 1:1 RRR , but 1:2.54 is not easy,
Upside limit profit, Downside possible, and better RRR.
Reply
Kenyanpiper Warden
a year ago
this is a better view of things
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almanshow
a year ago
Followed you on this one ;)
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cipri.blaga
a year ago
SL hit..
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anish_206
a year ago
Seriously ? Another SL hit trade ? gods.
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almanshow anish_206
a year ago
Cant believe it...
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anish_206 almanshow
a year ago
I'm done.. no more of these journey trades. I know we can't judge from one bad trade but out of the 16 journey trades most 80% are Stop loss hit or trade wasn't active. No more ! .
-1 Reply
yofxtrader PRO anish_206
a year ago
Technician's account is just 3% below initial level, which I think it is more than acceptable. When you go for ratios risk / reward higher than 1R, this is typical. Some good trades (that I am sure they will come) and he will be positive in his results.

Anyway, I think many people here are following his trades blindy considering this is a free signal service. He is just publishing his trades and anyone is free to follow them or not.

Personally, I follow his trading since I find most of this ideas really usefull. I have trade some and not others, since I might not have the same opinion as Technician, but I really think he is doing a good service for our community and the comments as yours are disrespectful about what Technician is doing.

I would expect more respect to someone that is doing what technician is doing.
+12 Reply
Captain_Walker PRO anish_206
a year ago
Pareto principle applies in trading. If anybody comes to this expecting not to lose as often as 80% of the time then you're looking at the wrong sort of opportunity. From my research on the net some of the most expert and profitable traders win only 30-40% of the time. This may be helpful to some: https://youtu.be/sX11G4erDA4
-1 Reply
No_more_Post
a year ago
Sell EG



why , people never listen to another idea,
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No_more_Post No_more_Post
a year ago
As I said , better trade down side, I am in profit now.
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Kenyanpiper
a year ago
80% of all the journey trades were against the trend. they essentially made the trend their enemy
+3 Reply
Neel_K PRO Kenyanpiper
a year ago
Do you mean no one should ever apply counter trend trading strategies ? ;)
-3 Reply
Kenyanpiper Neel_K
a year ago
of course not, Neel, but the cardinal rule is to stuck all the odds in one's favor right? that's what should inform a strategy, whichever one uses
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Neel_K PRO Kenyanpiper
a year ago
True. and that is what RR, Money management comes into picture.
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Kenyanpiper Neel_K
a year ago
sure, i agree with you on that one. perhaps that's why technician's account has not taken any serious hit. a small percentage lost. as for those who took huge risks am sure it has hurt their accounts
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Forza
a year ago
During euro-zone talk about Greece crisis, euro is more seem to be bearish
then the counter-trend setup is so risky
I think it is better go short for EURXXX at resistance.. especially at time frame H4 and D1 and longer...
Reply
Yahia.Awes
a year ago
You entered a bit too early this one.
+1 Reply
tcas
a year ago
Price is next to bottom side of 4H channel. I'm in long from 0.71130 with small sl at 0.7090 and target at 0.7180
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storm7_fx
a year ago
No one got Crystal ball, very hard to predict Euro at the moment with Greece. I see this trades very useful.
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Comment removed
Neel_K PRO riskmode
a year ago
That its easier to find 100% winners ( look for ppl who are selling something) elsewhere . And its clear in the term "Top Authors" , its called Authors for a reason.
+1 Reply
riskmode TOP Neel_K
a year ago
lol so you're saying they're not really traders they're just authors?
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Neel_K PRO riskmode
a year ago
What made you conclude that? lol
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riskmode TOP Neel_K
a year ago
Because theiir trades don't pan out.
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TahirAli riskmode
a year ago
With all due respect I have to say that you are a bit insulting out here.I have been trading stocks,options and forex since 2001 and I had streaks of ten losing trades in a row so what does this mean?The ten losing trades in a row kicked me out from trading?Hell no I came out as a better trader than before.If this guy got couple of losing trades you started bashing at him as a result he is doing nothing but losing his confidence as a trader which is the key of success for any trader.If he is not that good I heartly invite you to step forward and start posting your trades and we will see how good you are and if you are that good at least we will have a chance to learn from your experience.
+6 Reply
Comment removed
TahirAli riskmode
a year ago
If he is not that good why don't you simply ignore him and move forward,I don't find no reason for you to stick around with him like glue unless you got some personal jealousy with him.Move ahead buddy.
+5 Reply
Comment removed
TahirAli riskmode
a year ago
Who are you to advocate for those people?Did some one got those 200 persons by their balls to follow these trades?
+4 Reply
riskmode TOP TahirAli
a year ago
You PM'd me last week. I thought you were on my side.
Reply
TahirAli riskmode
a year ago
I PM you only because you were technically correct in that Gold trade and I didn't pay attention to your advice.So I owed you a sorry.
+2 Reply
riskmode TOP TahirAli
a year ago
But you think this trade was technically correct?
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TahirAli riskmode
a year ago
Since I am an honest person I would say no.Going against a major trend is always risky.Yesterday a trader was very exited when price broke the resistance in this set up but I warned him to go long and see what happened.
snapshot

Most of these break outs are fake.
+1 Reply
Comment removed
Technician TOP riskmode
a year ago
I think you should stop this non-sense. I have more then 600 charts published. Stop this campaign And go support the ones you see make profits instead of bashing me.
+7 Reply
Technician TOP riskmode
a year ago
This comment clearly exposes you and your little knowledge about trading.
+6 Reply
moneymaking Technician
a year ago
Totally Agree.
+2 Reply
TahirAli moneymaking
a year ago
I am totally agree with you too.Obviously this guy is hitting hard on Technician's confidence so that he can make mistakes like that.I can easily figure out his identity although he is using a different name handle here.
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Tom_Killick TahirAli
a year ago
Your unfettered candor on this subject, makes me realise you're probably smart enough to trade for real. Very funny show you guys put on here. I chuckled
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TahirAli Tom_Killick
a year ago
You are smart enough to enjoy this show glad to hear that.
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Tom_Killick TahirAli
a year ago
I meant to say, not smart enough, for the record. How funny.
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TahirAli Tom_Killick
a year ago
Have a nice day.
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riskmode TOP TahirAli
a year ago
This would have been a much higher probability point to enter, though since it's still against the trend it is still going to require intense active management.
This would be a much higher probability trade
-3 Reply
tst
a year ago
People please take responsibility for your trades. Your loss has nothing to do with any authors post's.
+4 Reply
Comment removed
Neel_K PRO riskmode
a year ago
Well even if all 16 trades so far lost and you were looking for it to win, I am sorry at your loss. But how much time did you spend going through his 600+ analysis with full descriptions to come to conclusions?
I dont have enough interest to find or conclude how technician makes money or doesn't. But looking at your charts and comments , it clear shows you are on your way .. .. so why bother!
+1 Reply
Ice_ riskmode
a year ago
Just look at his previous trades...
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@all Please note: you may disagree with someone’s trade idea and post alternative views. But personal attacks, disrespecting or ridiculing other members without any constructive intent is NOT allowed and those comments will be removed.
+3 Reply
TahirAli JasperForex
a year ago
Thanks Jasper.
+2 Reply
moneymaking JasperForex
a year ago
Hey Jasper, thank you for bringing that up. It seems like some people forget how to comment properly.
+2 Reply
2Greedy
a year ago
It is never enough for you noobs...technician puts up charts daily and you cry about how most of them hit sl. I put up a 100% chart every few weeks and you cry that I dont put up enough charts. The world does not work that way, no one is going to just give you all the answers be happy that tech is at least giving you his answers because I can tell you for sure I will never post up every trade I take because of all this hypocrisy.
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These comments are getting out of control. If you don't like Technicians trades, then don't follow them. This guy doesn't have to prove himself to anyone. He is one of the most transparent traders on this website. Always posts his trades and even posts spreadsheets filled with past trading data. I commend you Technician and love the educational material you put out there.
+2 Reply
I think it is good that comments have got 'out of control'. It's one of the finest collection of comments among some who don't know what it is about. It actually explains why so few new traders become profitable, and why so many people drop out. Stats on the net say that about 90% of people who come to this sort of trading will depart. Of the 10% who stay only a very small percentage eventually become consistently profitable.

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.
+2 Reply
nigwe Captain_Walker
a year ago
Wise saying, the most honest comment on here. Totally agree.
Reply
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