Commodity FX (CAD AUD NZD NOK)

@Dave .
Chol wrote that he entered short AUD/USD AT 0.9750 for target of 0.97 following Asharf Call. i.e his profit target was only 50 pip!! And now he has position with -450 pips in the Red. . Is that even logical?? Risking 450 pip for reward of 50?? I cant understand his logic.

The other is FX-1
He also went short AUD following Asharf Call. With 8 standards lots, knowing that his capital equity is only 16,000 dollars, is that logical?? 8 standard lots short without stop loss on tiny 16K account.

i do feel bad for them , and i hope they lerned from this lesson.

@ Dave and Chlo

You didnt understand my point,, I was not giving projection about the price of the AUD/USD.
I was trying to tell you there is no grantee that there will be a pull back to par yet alone to 0.97. The market could keep going gradually and steadily to 1.5 over the next two years. Who knows? No body.
Many quantitative traders try to predict the market using theories such as use martingale hypothesis or Random walk theory by find correlation between price movements. or use Extreme value method all these methods have chance of success as picking (( buy or sell out of hat)) .
You as trader should manage your account and try to make more profit than losses. Otherwise it much betters to but your money in riskless utility such as saving account at least you will have good night sleep.

@ chlo ((I am sure you had few sleepless nights in the last 2 weeks , and you blame Ashraf of this if only he wrote that the three weeks ago that AUD is heading towards 1.02 instead of 0.97 you will if had a very merry Christmas and super happy new year. IF ONLY))

Exactly !

This talk of market can't do that or can't do this, or definitely will retrace or whatever is completely alien to me. The very mention of such words will awaken Mr Murphy :-) markets are uncannily clever at beating the majority. We are dealing with probabilities, never certainties. As soon as we do something dumb the mkt will punish, never fails.

@ Chlo
"The Market Can Stay Irrational Longer Than You Can Stay Solvent"
Rational trader who start to short the NASDAQ at 2000 because they thought it is overbought and overvalued got burned long before it reached 5400 .yes it rallied 3400 point in few months.

KEEP HOLD of your position until the AUD/USD reaches 1.1000,, yes you read it correctly, 800 pips more.

@fx1..im only new to fx trading(16mths or so) an usually stick with usdcad which i understand fairly good an it was a huge mistake on my part venturing out to other pairs which has proven disasterous first was long gbpcad loss 3k off it then it was the gbpusd which i was able to ride out the storm an make $$ an now its the audusd which is hurtn me.an because of our lack of nimblness i find its best to always look at a trade an say whats the worst case scenario(how much can it go against me then i make sure i can ride it out,things could get more painful but things never go straight up an there will be a time for us to exit the trade.i don;t use sl @ all because the markets are wayy to volitile an i find i get stoped out just when its gonna run back up,an the losses can get too much with that stategy.its hard for us newbies to apply the more experince traders strategy cause they understand alot more than we do when applying there strategies.and yes it is frustrating following ashraf @ times an he always seams to go mia in times of need from us newbies but thats the risk we take when trying to hang with the pros:) any ways gl with ur trades as im in the same boat as u.like ignore said pressure makes our skin get thicker not long ago i would be right behind ya freakkn out but thats not good for our health we just have to suck it up an wait for our turn it;ll come:) pz