Of Gold Extensions مقياس إمتدادات الذهب
Friday's $2431 high in gold consisted of a 21% rise from the Feb 14th low. Such percentage extensions from key lows or/and technical levels such as the 200-DMA, could flag crucial opportunities for partial/full profit-taking. Watch here.
There are lots of scams in forex. only way forward is to learn the art. If someone like Ashraf is finding the going tough, I wonder what novices like me will do.
Ashraf,
here is my question to trades that you issued a few days back.
You issued a long EURGBP long GBPUSD and then a short EURUSD with a stop at 1.3370.
Does this combination not show that these trades are completely contradictory? Long EURGBP and Long GBPUSD is effectively a long EURUSD. But there is also a short EURUSD. So what is going on with this combination of trades.
My problem was that I was taking these trades blindly and I have lost a lot. This is a lesson that from now on I will need to check every trade that Ashraf issues and be extremely cautious and selective.
Also you issued a short AUDUSD at .89xx with a target well under 8900. Stops at 8980 and 9170 all got stopped. Now my question is because Gold is bouncing off, can we not get a bit bullish Aussie? RBA is done with its cuts. China is rising again. Why are you still bearish Aussie? COT has all time high short specs. Does it not give you the impression that this is ready for a major squeeze ?
Am not the expert but you are so will be happy to take your advice.
Thank you Dave very much. I would be following your posts here. Do you put posts anywhere else?
Thanks and you are right. You did read the AUDUSD absolutely right.
Just recent losses may have cost me and analysing my own trades, I think was overlevered on some of those trades. I guess wrong and right calls are all part of the game.
But that message of mine is way too brutal. I know not what possessed me to write that drivel :)
And it was never meant to be on the forum. So feel free to delete it as it serves no purpose at all. This is the first forum where I cant delete my own message :)
Dave great call on the usdyen pair short. I think you shorted it at 100. Can you tell me what your call will be now that it has come back to 98?
Best of luck
thanks
What is the point offering a trade copier when you have lost so many pips over the last 4 months. I have made a myfxbook of the signals you have given over the last 4 months and I have lost 2300 pips. But I was selective. If I had taken all the signals I would have lost over 4000 pips. I do not trade GOLD so I do not about the. But purely forex signals have lost me 2000 pips at least.
What i have personally observed is that you are brilliant with central bank analysis but your trading system of looking at stochastics and their direction on weekly and monthly and then trading daily, is really not a great system.
But one of my friends was very happy with your signals in Jan 2013 and part of Feb when you made some 3000 odd pips.
So trade copier is not the solution but to first get the trading system right.
The current trade to short CADJPY was inexplicable trade. You shorted a pair right at its monthly support. Just see the history of your EURUSD trades.
So please help us. We are losing money.
Thanks
Merlyn
One more LTRO and this time it will be taken negatively by markets and EURUSD will fall right through 1.15 in 2013