Ashraf....do some learning before you do nonsensical analysis.
There is a reason why USDCAD has moved from 1.24 to 1.3. It is not to go back to 1.24 in 1 month time. You are a real fool in the way you analyse charts.
Here is a little bit of advice for you:
USDCAD long term weekly and monthly charts are clear. 1.3250 is min.
So your 1.3130 stop is not safe. Relook at your trade else it will lose even more money.
Most traders will improve over a period of 5 years. But your record over 8 years is SO BAD that am yet to find anyone worse.
Am sorry if I have posted too critical. But I have lost a huge amount of money on Ashraf trades.Nearly 50% of capital is gone. Over 20 trades taken. Absolute disaster.
After losing so much, I analysed his style.
His trading style is very different. He makes trades on anticipation and even before the pattern is formed, he issues trades.
Example: Short USDJPY at 109 assuming 110 is right shoulder of a h&s. The H&S has not formed when he goes short. Thats the problem. He has assumed a H&S has formed. Now as we look at USDJPY, its at 110.2 and clearly broken the right shpoulder. Now the pair is headed 115 but he is short with stop at 111.3. Instead of issueing a update of closing the trade, he gives interview after interview trying to get more clients.
Second example: He goes Long EURUSD in April and March. All basis ECB reducing stimulus. But the actual stimulus is still running and no hints yet of a reduction,. So why assume and issue longs on EURUSD at 1.22 etc ?
Third example: 3 shorts on USDCAD. Why ? Because nafta deal. long before actual deal announcement, he assumes there will be concessions for canada. So he goes short. As it turns out, canada is on the tariff list. He loses all trades.
Fourth example: Short CADJPY at 83.5. stop 85.3. How can you short CADJPY IS BEYOND ME. NO pattern no trend.
Fifth example: Three shorts on S&P and DAX and ow 30. All stopped. He goes short dow30 again. His reasons are flimsy.
There are better and cheaper services which are making more money.
Short USDCAD. The previous is stopped so what will he do next ? Short it again because he expects jobs data to be good. He has done this signal for 8 years and still does not learn that Data and price action has very little correlation.
Go LONG USDCAD as ashraf is short.
Also long USDJPY as ashraf is short.
The inverse of ashraf trades will have a win rate of 65%. That is better than any algo out there.
USDCAD - Stopped (200 pips loss) EURUSD - All stopped losses600 pips CADJPY: All stopped EURGBP: - He is long againts all odds and trend analysis. Wait for it to stopped. Just wait. ...He is already stopped once. He goes long again after the stopped. USDJPY short at 109.5 stop at 111.3 ...The basis for shorting is Head and shoulders. He charges $110 per month to show us a imaginary pattern called head and shoulders. Any trader will tell you that H&S has a hit rate of 20%. Even before the H&S FORMS Ashraf goes short because he day dreams that a H&S is forming.
You name the instrument and he is stopped out.
His win rate since 2010 is 35%. I have proof of all his trades. Just collected all. I can post it if he allows.
Has anyone wondered why this con artist speaks in Arabic now as opposed to a few years back ? Because all english speaking traders have seen thru his crap. So he goes to new geography.
Why dont you learn mandarin and japanese and try fooling a few more there ?
Ashraf is a CMC sales guy who decided to launch a signal service. He has zero expeirnce in trading. Please do not subscribe to his service.
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Ashraf....do some learning before you do nonsensical analysis.
There is a reason why USDCAD has moved from 1.24 to 1.3. It is not to go back to 1.24 in 1 month time. You are a real fool in the way you analyse charts.
Here is a little bit of advice for you:
USDCAD long term weekly and monthly charts are clear. 1.3250 is min.
So your 1.3130 stop is not safe. Relook at your trade else it will lose even more money.
Most traders will improve over a period of 5 years. But your record over 8 years is SO BAD that am yet to find anyone worse.
After losing so much, I analysed his style.
His trading style is very different. He makes trades on anticipation and even before the pattern is formed, he issues trades.
Example: Short USDJPY at 109 assuming 110 is right shoulder of a h&s. The H&S has not formed when he goes short. Thats the problem. He has assumed a H&S has formed. Now as we look at USDJPY, its at 110.2 and clearly broken the right shpoulder. Now the pair is headed 115 but he is short with stop at 111.3. Instead of issueing a update of closing the trade, he gives interview after interview trying to get more clients.
Second example:
He goes Long EURUSD in April and March. All basis ECB reducing stimulus. But the actual stimulus is still running and no hints yet of a reduction,. So why assume and issue longs on EURUSD at 1.22 etc ?
Third example:
3 shorts on USDCAD. Why ? Because nafta deal. long before actual deal announcement, he assumes there will be concessions for canada. So he goes short. As it turns out, canada is on the tariff list. He loses all trades.
Fourth example:
Short CADJPY at 83.5. stop 85.3. How can you short CADJPY IS BEYOND ME. NO pattern no trend.
Fifth example:
Three shorts on S&P and DAX and ow 30. All stopped. He goes short dow30 again. His reasons are flimsy.
There are better and cheaper services which are making more money.
Just to make every alert.
Short USDCAD. The previous is stopped so what will he do next ? Short it again because he expects jobs data to be good. He has done this signal for 8 years and still does not learn that Data and price action has very little correlation.
Go LONG USDCAD as ashraf is short.
Also long USDJPY as ashraf is short.
The inverse of ashraf trades will have a win rate of 65%. That is better than any algo out there.
USDCAD - Stopped (200 pips loss)
EURUSD - All stopped losses600 pips
CADJPY: All stopped
EURGBP: - He is long againts all odds and trend analysis. Wait for it to stopped. Just wait. ...He is already stopped once. He goes long again after the stopped.
USDJPY short at 109.5 stop at 111.3 ...The basis for shorting is Head and shoulders. He charges $110 per month to show us a imaginary pattern called head and shoulders. Any trader will tell you that H&S has a hit rate of 20%. Even before the H&S FORMS Ashraf goes short because he day dreams that a H&S is forming.
You name the instrument and he is stopped out.
His win rate since 2010 is 35%. I have proof of all his trades. Just collected all. I can post it if he allows.
Has anyone wondered why this con artist speaks in Arabic now as opposed to a few years back ? Because all english speaking traders have seen thru his crap. So he goes to new geography.
Why dont you learn mandarin and japanese and try fooling a few more there ?
Ashraf is a CMC sales guy who decided to launch a signal service. He has zero expeirnce in trading. Please do not subscribe to his service.
My number +971 567523718
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