EURUSD 1.1851 |
USDJPY 111.52 |
GBPUSD 1.3772 |
AUDUSD 0.7485 |
USDCAD 1.2406 |
GBPJPY 153.59 |
EURJPY 132.15 |
AUDJPY 83.48 |
CADJPY 89.86 |
Silver 26.23 |
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.
Bitcoin versus Miners Performance
As many of you know 2023 was kind to members of our WhatsApp Broadcast Group who snapped up shares in bitcoin miners, while 2024 has so far been more superior to Bitcoin than most of the miners...
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I will be surprise if it did not retreat 100 pips from it is high.
BTW Moved my stop loss to break even
okay i opened 5 lot short Aud/usd at 1.0189 stob loss at 1.0206
This implies that your entry was 9750, your profit target 9700 and you were down at that moment 400 pips, and I am not making this up… Any way I doesn’t make any different there is no point discuss this anymore.
My friend the AUD is at 1.02 and there is possibility that it will never see par with USD for very long time maybe never again in my life time And I am 27 years of age.
but at least the kamikazes die for cause they believe in,, these mature traders get stress and loss their money to make fat banker richer.
And the funny thing they believe somehow it is Ashraf fault. Just unbelievable pure madness
Do you know that your currency the British Pound was worth 516 Yen back when Margret Teacher was your prime minster around 1984.
And before the collapse of Northern Rock in 2007, one pound was worth 256 Yen, Today it worth 126.
i.e. from 1984 to 2010 it lost approximately 76% of it is value. Imagine if there was a Trader 26 years ago, went Long Cable at 516 yen. How much margin does he require to cove this drop? And more importantly how many years more he had to wait until the price get back to 516?
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.
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))
"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.
When you trade with trend is very easy to find profit target and stop losses and more likely that your profit target to get hit before stop loss.
In fairness to Ashraf he made 2 calls the short Euro/USD and short AUD/USD one of them worked out good the other wrong. But at the end of the day it is your responsibility to manage your account and use your own brain to identify trading opportunity