TradingView
Technician
Jun 24, 2015 9:50 PM

(J) Trade 10: Reactive short of resistance #Forex Short

British Pound/Swiss FrancFXCM

Description

Update: Stopped Out.
Profit= -293.74-293.74= -$587.48
Balance= 29 798.94- 587.48 = $ 29 211.46
===========================================================================

Trade 10: Pending Short GBPCHF @1.4683
S.L @ 1.4775
T1 1.4552
T2 1.4468

For $29,798.94 Balance, Position size = 0.6 lot

===========================================================================

Reasoning
  • Failed to hold above previous high and resistahce area around 1.4700 area
  • 200-days SMA is forming potential resistance
  • Breakdown back below long-legged candle low.


Don't forget to click the Thumbs Up
Wish me luck and best of luck for everyone.

For Trades rules and guidelines follow this link


My best regards
Technician
Subscribe to my trading portal thefxchannel.com
Comments
FutureMeDead
No one has a gun to our heads saying we have to engage in every trade idea. I pick and choose the ones that I agree with and even use my own method to identify entry and exits. I applaud what Technician is doing here. Its transparent and WILL TEACH beginners. At worst, it will teach them how to take a loss correctly, with stops and so forth. Keep going sir.
MarkLangley
I agree well done technican sticky your thoughts and ideas out and backing them up with trades ..hats off to you well done
tradingyouth
I completely agree. I love the technicians work and I use it as a learning opportunity. I use my discretion w trades
TimBrent
Sl hit No problem for me. Like technician metioned losing is part of trading.. you choose to follow this trade. I appriciate your work technician next time more luck! Thanks
tucoenlasvenas
Technician president of the United State of Tradingview!!!
Technician
hehehe
Prome
There are still 89 trades to come... so be patient and don't worry :D
Technician
Thanks all
aik0717
This is sort of a counter-trend trade. Correct?
aik0717
This was a Counter-Trend trade. SL hit
More