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  • #1,208,861
  • Jan 21, 2022 4:18pm Jan 21, 2022 4:18pm
I looked at the 12 eur cad trades
when he posted it was all green at that moment ,
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #1,208,862
  • Jan 21, 2022 4:25pm Jan 21, 2022 4:25pm
Quoting Bones
I looked at the 12 eur cad trades when he posted it was all green at that moment , {image} {image} {image}
I am not sure what you are trying to say here. Can you be more specific about the point you are making?
Learn from your mistakes and march on.
  • #1,208,863
  • Jan 21, 2022 4:30pm Jan 21, 2022 4:30pm
Quoting here2there
{quote} I am not sure what you are trying to say here. Can you be more specific about the point you are making?
I'm saying be careful of statement droppers ,I already said he's in the worst of all world's category
bullish hammer probably
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #1,208,864
  • Edited 5:02pm Jan 21, 2022 4:46pm | Edited 5:02pm
Quoting Bones
{quote} I'm saying be careful of statement droppers , bullish hammer probably {image}
Whatever the case, I don't think he is as good at trading as he wants us to believe. I think if he were required to have a strict stop loss and take profit, his overall performance would likely end in failure. If not failure, it's not likely he would do well. That's probably why he won't accept any challenges to prove how good he is at reading price action.

Sure, he makes money doing it his way, and that is good for him. But from what I have seen, his entries aren't that great for a supply and demand trader. He doesn't use a stop loss, so he can go underwater, but eventually come out ahead, because he trades small lots and moves in the direction of the long term trend. That's the nature of positional trading.

It's absurd how he always criticizes day traders. He probably does this because he tried day trading and failed at it. He is the kind of person who thinks his way is the only right way. And if you don't agree, then you are a rookie trader.

I have seen people on FF who are great traders, and they are day traders. One person who comes to mind is Pat Chiko. Pat Chiko would likely spin circles around Techanalyst in a trading competition.
Learn from your mistakes and march on.
  • #1,208,865
  • Jan 21, 2022 4:51pm Jan 21, 2022 4:51pm
Quoting here2there
{quote} Whatever the case, I don't think he is as good at trading as he wants us to believe. I think if he were required to have a strict stop loss and take profit, his overall performance would likely end in failure. If not failure, it's not likely he would do well. That's probably why he won't accept any challenges to prove how good he is at reading price action. Sure, he makes money doing it his way. But from what I have seen, his entries suck. He doesn't use a stop loss, so he can go underwater, but eventually come out ahead. That's the nature...
yes I agree ,but its not a good idea to get involved in any of that competition ,
this is a hard business, the newbies think they can out perform wall st
Ive done this before having that many trades open ,but its very difficult to manage ,everything I see about him tell me he hasn't had that much experience
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #1,208,866
  • Jan 21, 2022 5:01pm Jan 21, 2022 5:01pm
Quoting Bones
...this is a hard business, the newbies think they can out perform wall st..
This is true! Overconfidence can lead to great loss.
Learn from your mistakes and march on.
  • #1,208,867
  • Jan 21, 2022 5:01pm Jan 21, 2022 5:01pm
I would stick to my analysis ,thats a candle to nowhere unless war breaks out
picture 3 hours before close
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #1,208,868
  • Jan 21, 2022 8:51pm Jan 21, 2022 8:51pm
This week probably crushed a lot of bulls, mostly buyers at just under 1.14
To make people think the trend changed, there was that move down just shy of 1.1300 - which I didn't expect, but was always possible.
I did expect Friday to deliver the bullish goods though, and I anticipated a return to 1.1370
Perhaps that will come next week.... After all the buyers at just under 1.14 have had their accounts punched for more swap over the weekend if they still have their longs open
  • #1,208,869
  • Jan 21, 2022 10:04pm Jan 21, 2022 10:04pm
Inside week. Slight bullish bias for me, maybe for as long as we are above 1.1270. I'll attempt to be patient and wait for a clearer signal. Its interesting to look at longer time frames, but it also seems like it complicates things. Best to get away from these charts for a while.
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Focus on what DIDN'T happen
  • #1,208,870
  • Jan 21, 2022 10:13pm Jan 21, 2022 10:13pm
Quoting here2there
{quote}Sure, he makes money doing it his way, and that is good for him. But from what I have seen, his entries aren't that great for a supply and demand trader. He doesn't use a stop loss, so he can go underwater, but eventually come out ahead, because he trades small lots and moves in the direction of the long term trend. That's the nature of positional trading.
Isn’t that enough to prove he’s a successful trader?

As for the rest, I don’t get how it’s a knock against him. Techanalyst doesn’t need me to speak for him, but I would wager that he’s not using stop losses because he’s probably not using any leverage, (or maybe very little leverage), because perhaps his account size is larger than the combined lot size he’s trading. That seems logical. The thing about the small position sizes: if you add up the positions for each instrument, then they each represent a collective position for that instrument. He’s scaling in, that’s how position trading works. Also if you look carefully at the execution times, you’ll notice some of them were done within seconds of each other. That tells me he’s planning to scale out of these trades at different TPs. In MT4 you can’t set partial TPs, you have to manually scale out, which is a chore, especially if you’re not available to manage when targets are being hit. This is a workaround to that. Makes sense, no?

It’s really not that difficult to understand.
  • #1,208,871
  • Jan 22, 2022 2:23am Jan 22, 2022 2:23am
Quoting fxpipper
{quote} Isn’t that enough to prove he’s a successful trader? . He’s scaling in, that’s how position trading works. .
no it's not ,
12 trades in that space is trouble ,
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #1,208,872
  • Jan 22, 2022 2:56am Jan 22, 2022 2:56am
My friend Tech is one of the best traders in this forum. If you have followed him long enough, you have probably seen his calls are accurate most of the time, and that's enough to think that he is a good trader.

Of course, sometimes we all make mistakes, which is normal and healthy.

I have seen with my own eyes that he took 2 big rallies on EU, 2 big rallies on GU, and another 2 on UJ (each around 300-400 pips) in 2021. I am sure there are more that i haven't seen, but these are the ones that i have personally evidenced.

And also, Tech and i agree most of the time. We generally take the similar trades. I guess great minds think alike. So if you see me as a profitable trader, he is too. Because like i said we generally take the same or similar trades.

If you were to ask me to name top 5 traders in this forum, Tech would be one of them.
You have to have an IQ higher than 90 to interact with this user.
  • #1,208,873
  • Jan 22, 2022 4:18am Jan 22, 2022 4:18am
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #1,208,874
  • Jan 22, 2022 4:19am Jan 22, 2022 4:19am
Quoting Nordling00
My friend Tech is one of the best traders in this forum. If you have followed him long enough, you have probably seen his calls are accurate most of the time, and that's enough to think that he is a good trader. Of course, sometimes we all make mistakes, which is normal and healthy. I have seen with my own eyes that he took 2 big rallies on EU, 2 big rallies on GU, and another 2 on UJ (each around 300-400 pips) in 2021. I am sure there are more that i haven't seen, but these are the ones that i have personally evidenced. And also, Tech and i agree...
double standards
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #1,208,875
  • Jan 22, 2022 5:53am Jan 22, 2022 5:53am
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Compulsions can be hard to resist
  • #1,208,876
  • Jan 22, 2022 5:59am Jan 22, 2022 5:59am
Quoting Bones
{quote} double standards
Nope. I am actually being fair. As a regular in both GU and EU threads, i got to know many traders since April. And yeah, Tech is one of the best among them. You may not like him, nobody has to like anyone but there's no doubt that he is a good trader. He had way more winner calls than losers.

If you think that i am not fair, you are free to check his posts.
You have to have an IQ higher than 90 to interact with this user.
  • #1,208,877
  • Jan 22, 2022 7:23am Jan 22, 2022 7:23am
Quoting fxpipper
Doing a prop firm challenge now, with the hope of getting funded in the near future.
why would you register with a prop firm? also, do you have to pay for anything to register?

prop firms remind me of scams where they take money for education, ask people to trade on demo accounts, impose restrictions on the trading style, and then kick out anyone who is profitable
don't believe in mumbo jumbo from gurus & charlatans, don't pay them money
  • #1,208,878
  • Edited 8:05am Jan 22, 2022 7:40am | Edited 8:05am
Quoting Bones
I looked at the 12 eur cad trades when he posted it was all green at that moment , {image} {image} {image}
EUR/CAD is a volatile pair and it is still in a downtrend. Rallies will be sold since the BOC is going to raise interest rates. The ECB is still dovish.

Also, there is this since CAD is exposed to oil.

https://www.fxstreet.com/news/commod...g-202201211451

Quote
“In a scenario where the West reacts strongly with sanctions that target key Russian industries, this could have a far-reaching impact on the commodities complex. It could potentially lead to a significant tightening in energy, metal, and agri markets, which would provide only a further boost to an asset class which already has an abundance of positive sentiment in it.”

“Even if sanctions are not imposed on certain industries, financial sanctions could still make trade difficult, as it would be an obstacle for making payments.”

EUR/NOK will also be sold. NOK is also related to oil.

Drawdowns are expected for people who follow trends.
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don't believe in mumbo jumbo from gurus & charlatans, don't pay them money
  • #1,208,879
  • Jan 22, 2022 8:09am Jan 22, 2022 8:09am
Quoting ForexGoose
{quote} EUR/CAD is a volatile pair and it is still in a downtrend. Rallies will be sold since the BOC is going to raise interest rates. The ECB is still dovish. Also, there is this since CAD is exposed to oil. https://www.fxstreet.com/news/commod...g-202201211451 {quote} EUR/NOK will also be sold. NOK is also related to oil. Drawdowns are expected for people who follow trends. {image} {image}
ok
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #1,208,880
  • Jan 22, 2022 8:16am Jan 22, 2022 8:16am
Quoting Bones
{quote} ok
scalpers and gamblers will never understand, but if they like losing money, that is their problem

here is yet another reason why EUR/CAD will be bearish in the coming weeks.

https://www.fxstreet.com/news/usd-ca...k-202201211426

Quote
“Longer-term chart patterns do reflect a solid rejection (again) of 1.2950; trend indicators are tilted bearish for the USD across a range of timeframes; the Bearish Head & Shoulders breakdown (below the neckline trigger at 1.2640) remain in play. All of this points to solid USD resistance on minor gains, an eventual push under 1.2450 and, we expect, a retest of the Oct low just under 1.23 in the next few weeks.”
don't believe in mumbo jumbo from gurus & charlatans, don't pay them money
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