I have been in the markets for around 10 years and wanted to share proof that technical analysis works for those that don’t believe it works and those who need some inspiration.
Attached is a pic from a video I posted on Youtube yesterday about a GU trade I took.
The red horizontal line at the bottom is my entry and the target is the red horizontal line at the top. SL was mentioned in the video ie. below the tail of the lowest bar resulting in a risk:reward of around 5:1 if you didn’t add to the trade on the way up(I did).
I don’t dispute that TA works but if you set out to prove it works you need to at least state the TA rationale for entering at a certain price level and a certain time, and of course for the direction taken in the trade.
You are right. Unfortunately, I am not able to post my youtube link as a new user. However, I did mention the target was the top red line, therefore, I was long. As for TA, I will post that in a follow up video which I will hopefully be able to share here in the near future.
I don’t intend on sharing 100 samples or teaching others to trade(in case you fet I was heading that way).
It was posted for inspiration to newbies and for the naysayers as stated earlier.
I don’t ask to see samples or account records or anything like that. I never do and I never share mine either.
But in order to give your trade example intrinsic value to other traders, you need to share your reasoning - specifically on timing the entry, selecting the direction and identifying the stop-loss price level.
So lets see you say you have proof that TA works, but you didnt even bother to show us the proof, just one trade that you made, no explanation at all.
And youtube, youtube, youtube.
At least you made it very clear what you really want.
