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Posts by "merlyn2013"

28 Posts by member
merlyn2013
(Colombo, Sri Lanka)
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merlyn2013
Colombo, Sri Lanka
Posts: 0
11 years ago
Aug 15, 2013 18:19
In Thread: EUR
eurusd stopped. thankfully the only pair that is hittin g targets is gbpusd. 3 trades hit targets out of some 13. This is a better record than last time when just one hit and all remaining were stopped. Ashraf keeps talking about taper etc but there is minority group of smart traders who think there will no tapering. Why else will the dollar index be capped. By the way now look forward to the buzzing of twitter as AL goes on about GBPUSD hit his targets while subs suffer because everything else is stopped including gold.
merlyn2013
Colombo, Sri Lanka
Posts: 0
11 years ago
Aug 15, 2013 18:11
In Thread: EUR
3400 before 3200. this is my call. t
merlyn2013
Colombo, Sri Lanka
Posts: 0
11 years ago
Aug 15, 2013 16:27
In Thread: EUR
euro puts a low at 1.3207. and now back going to test 1.33 again.
merlyn2013
Colombo, Sri Lanka
Posts: 0
11 years ago
Aug 15, 2013 15:22
In Thread: EUR
I will not trade forex. Am going to advise people on how to trade forex. I will soon be appearing on twitter and open a new site where I will advise people. What is a good fee to charge?
merlyn2013
Colombo, Sri Lanka
Posts: 0
11 years ago
Aug 15, 2013 15:20
In Thread: EUR
Round and round she goes. No one really knows anything. GBPUSD goes withing 7 pips of my target and the creep falls 70 pips from there. Ashraf twitter was buzzing when it neared 1.56 but tragedy for me that it fell off....Is it possible that a short eurusd, long eurgbp and long gbpusd can all be stopped out when all of them are running together? Its possible and I have seen this spectacular fashion once. I have eerie feeling that it might happen again with the current set of trades.

CADJPY,USDJPY,AUDJPY, Gold stopped. What is running in profit is GBPUSD and that is scaring me.

My long idea on eurusd goes kaput. Forex market is just amazing.
merlyn2013
Colombo, Sri Lanka
Posts: 0
11 years ago
Aug 15, 2013 4:48
In Thread: EUR
You just wrote below that something tells you that eurusd could test 1.34.

Then why have you issued multiple EURUSD shorts? with one stop at 1.3320. Your targets are well below some key supports. My learning curve has been sharp and it tells me not to test a market at support. EURUSD has major support at 1.3220.

You also have multiple EURGBP longs and multiple GBPUSD longs. So you are net long euro against GBP but short against dollar and yet you are long GBP against the dollar. That is one cicrular trade which will only result in pain.

Your charts and what you write on twitter contradicts your trading calls. Even within your trading calls, they are contradicting. Am trying to understand your basis. Are you for EURO short or NOT? Now you write "something tells me euro will retest 1.34." What is that "something"? You are writing this one day after issuing a two major short calls. If they are stopped, it is 150 pips of losses. The losses are now touching over 4000 pips if all trades are accounted for since March.

You must remember we need to make money.

A few days back you issued a tweet "Aussie has to test 8980 inevitably". Why? Nothing in the books say it has to.

In the absence of a trade room, am trying to get to your knowledge as you are an experienced trader and hence trying to learn.
merlyn2013
Colombo, Sri Lanka
Posts: 0
11 years ago
Aug 14, 2013 17:02
In Thread: Commodity FX (CAD AUD NZD NOK)
I think you area dead right. Which is why I have stopped trading and now trying to trade on paper.
merlyn2013
Colombo, Sri Lanka
Posts: 0
11 years ago
Aug 14, 2013 16:03
In Thread: EUR
As a trader i will be concerned that all that EURUSD has to show after reversing from 200 dma is a mere 100 pips? This is headed higher imo. Merkel may not want to show a falling euro while people r casting votes. how is that for star gazing instead of 3 day losses at top of a uptrend etc.
merlyn2013
Colombo, Sri Lanka
Posts: 0
11 years ago
Aug 14, 2013 16:01
In Thread: EUR
Thanks Ashraf. You are right. Ashraf why dont you start a trading room. There are so many worthless rooms out there. Instead of copier, best will be to have a live audience with you. And for the record I disagree with you on EURUSD. 3 day losses etc is like star gazing. How does it matter whether there were 3 minute 50 pip daily losses. that can be like bear flag instead of a turn around.

It is headed higher. May be a fall to 1.3220 etc. but I would not wait for 1.315 etc.
merlyn2013
Colombo, Sri Lanka
Posts: 0
11 years ago
Aug 14, 2013 14:03
In Thread: EUR
That is a useful chart but just to learn: is there some rule that states that if the last cycle was 22 days that the current one should also be 23 days? Cant it stretch to 1.37 and then correct? or go to 1.34. EURUSD is finding it difficult to breakdown so I guess it should go higher. I think 1.34 is coming. This is one short trade am not going to take.,
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