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by Ashraf Laidi
Posted: Feb 20, 2010 5:00
Comments: 30765
Forum Topic:

EUR

Discuss EUR in this thread
 
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Sir Ignore
United States
Posts: 3068
11 years ago
Aug 15, 2013 23:56
In reply to Sir Ignore's post
and Nor..don't say anything about my doubling..:)

usually sure of ultimate direction when doing that...lol
Sir Ignore
United States
Posts: 3068
11 years ago
Aug 15, 2013 22:58
In reply to Sir Ignore's post
last 30 daze..actual bad streak with 14 trades in Euro/usd
7 losses..3 wins..4 Break even

minus 16pips overall...but overall decent profit with two trades having sizable weight

bad stretch...but avg loss 22 pips.....

not my usual, in fact my worst stretch in 2 years...for euro..

but most important KEY is managing the loss..!!!!!!!

RULES of thumb for MM..

btw..ALL trades posted here with Mr. AL...becomes good notes...

mho
Ashraf Laidi
London, UK
Posts: 0
11 years ago
Aug 15, 2013 22:56
Merlyn,

You made a comment on this forum then asked me to delete it. I refused--although it was highly critical. I kept it so that it raises a debate.

But when I saw your subsequent posts, writing a story on each 20-pip move, blaming the outside world, then I knew where this was all going.

As for your claims that my service is 30% on target, that is false. My stats show that each pair has at least 55-70% success rate, with using a very conservative system. AUDJPY and GBPUSD were recent examples of that disciplined approach, which does not count trades as "all done" because they reached 99 pips and not the intended 100 pips.

Best of luck to you


Ashraf
Sir Ignore
United States
Posts: 3068
11 years ago
Aug 15, 2013 22:06
I blame digi for everything I know...
jnz-lahore
lahore, Pakistan
Posts: 0
11 years ago
Aug 15, 2013 22:00
to merlyn2013:

man - there s tons to learn from Ashraf.
why does nt CNBC invite you for your commentary?

you just need to have 6/10 trades right to make money and cut your losses with tight stops.

When you mention "non-sense jargon like US yields" - just shows that you dont know nothing.

We like AL and we like to hear what he says as well as other traders out here.

If you are making money by using any particular strategy and you are successful, you would know it yourself. you need to know why you are making money or what is your strategy.

Without strategy or trading style, you will always loose money if you just listen to what X or Y says or said.

You dont need to trade based on what AL says. However, you do need to hear the opinion of different experts. What AL is good at is inter market analysis.

Do your own trade and dont blame others for your losses /gains
Rezz
Vancouver, Canada
Posts: 53
11 years ago
Aug 15, 2013 21:05
In reply to merlyn2013's post
I think you need to take it easy on AL and educate yourself better. I have an MBA in finance, completed a PhD in a quant field etc ... but even I am humbled and learn stuff everyday in the markets during these wild swings. FX markets are driven by many factors but because of the high leverage used, positioning is key and so you have to respect the price action. There is always some logic to the moves in the short term!
DaveO
N.Cornwall, UK
Posts: 5733
11 years ago
Aug 15, 2013 20:16
but don't slag off AL in there. There is a lot of history you appear to know nothing about.
DaveO
N.Cornwall, UK
Posts: 5733
11 years ago
Aug 15, 2013 20:11
In reply to merlyn2013's post
yes forex scams are horrendous particularly in the MT4 EA world. Visit the donnaforex forum for guidance.
merlyn2013
Colombo, Sri Lanka
Posts: 0
11 years ago
Aug 15, 2013 19:33
the real successful traders will not be on twitter and facebook and CNBC and BBC trying to market their "winning" calls and say "this is what I said yesterday". Traders who are successful will keep making money quietly and silently unless someone somewhere in a charitable fashion wants to teach. I have not found anyone like that. Your post earlier explaining EW was wonderful and showed an eagerness to teach. But you dont run a service right? Thats what am saying. People who have something to really give are quiet and are not going to market themselves.

You see why I hate forex world with all its scams and marketeers. Its a place where all the failures of the world are collected together.
merlyn2013
Colombo, Sri Lanka
Posts: 0
11 years ago
Aug 15, 2013 19:24
I have learnt enough non-sense jargon like US yields and EU yields etc just to keep my subs interested that I know more than them. To me forex trading cannot be won. I have not yet seen a single guy make money in forex for sustained period of time with success rate of atleast 50%. Ashraf rate is 30% on majority of pairs and I have a full myfxbook link of his trades.

No signal provider who is truthful has a good record in forex. Odds are agains the subs all the time. The best place to be is to advise and teach and provide some indicators etc. The worst place is to trade personal money on this shit market. Just see what EU did today. 1.3207 to 1.3350 without a reason or logic. Just like that.
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