Technician
Long

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

FX:EURGBP   Euro Fx/British Pound
4206 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.

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Journey to 100 Trades: Rules and Guidelines #forex


My best regards
Technician
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Skype: Technician - The forex channel
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
Wise saying, the most honest comment on here. Totally agree.
Reply
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
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.
Reply
@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
Thanks Jasper.
+2 Reply
moneymaking JasperForex
Hey Jasper, thank you for bringing that up. It seems like some people forget how to comment properly.
+2 Reply
People please take responsibility for your trades. Your loss has nothing to do with any authors post's.
+4 Reply
Comment removed
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