I was just shorting all rallies previous few weeks which was very profitable as I only day trade so use 20 pip s/l with 60 point t/p. So this week shorted Monday/Tuesday with same s/l and t/p but could see things changing Thursday morning so just observed the big move up and the court ruling on Brexit fuelled this move far higher than than expected. Having seen the size of stop required to stay in though, I probably made more in terms of risk/reward ( as I make 3 x times my risk all in and had 2 wins off the back of this ) early week. ...but all kudos to you for the call..hope you stayed in as I noticed many got stopped out...but if you made the full 340 pips available...congrats :)
Me or him? Have the greatest respect for Jack, so I certainly wasn't aiming it as put down (and as I said my week was very profitable regardless of the pound move up) ...but don't like to see anyone following trade ideas blindly which does happen a lot on Tradingview and I do see a lot of followers getting stopped on trades which then stay open for weeks and eventually come good ...of course this is perfectly possible as long as stops are wide enough or traders savvy enough to get back in on original idea:)
Presumably your stop loss was larger than some other followers who only put it just below 1.2140. However, I I have taken profits by selling each rally rather than looking to catch a turn. I comment as I see it. Too many followers follow traders blindly. My strategy includes sentiment+fundamentals +technical. Tntsunrise uses ONLY technicals. Yes, he does get some turns right, eventually... and his strategies are good from a technical point of view, especially if a trend is established. But I have seen, purely from the post of some followers, that too many follow his suggestions with zero idea of what they are actually doing and will defend his every decision even if it is a high risk trade.
Wise words...traders who ignore sentiment/fundementals by only using only technical are making it difficult for themselves. Bank traders use technicals as well but always have an eye on big picture re: sentiment/fundementals :)
tntsunrise is really good trader. trading with low risk is always profitable with tntsunrise. If you want to be rich in a night its not possible.
following tntsunrise with low risk is always profitable.
Stop does not seem to have been "officially" hit. Trade note with chart said stop below 1.2140 and low was 1.2114. That's a big stop trying to catch a "bottom" with all sentiment/fundamentals against this. Entry was circa 1.2180 at time of note. I was only selling rallies last week so dip was profitable for me. However regarding this £ long there may be a bounce from here next week as we move into new month and triangle now being tested for possible breakout. If this works, this should be classed as a new trade.