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Posts by "shane"

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222 Posts Total by "shane":
208 Posts by member
Shane
(Lahore, Pakistan)
14 Posts by Anonymous "shane":
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Shane
Lahore, Pakistan
Posts: 209
13 years ago
Mar 2, 2011 16:44
In Thread: EUR
well u can always earn if u are smart enough but the real problem is that rookies arent that smart it takes them some time and some money to get to what u are talking about.
Shane
Lahore, Pakistan
Posts: 209
13 years ago
Mar 2, 2011 16:37
In Thread: EUR
Dave there are only two directions in fx so either u are going long or going short there is no multi directional approach here, i aint talking about methods i am just talking about two directions. So logically only one way is 70 % correct the other is 30 % correct , u may trade watever u want but if u aint following the 705 of the move u will reduce ur chances of winning. I said reduce if u know english a bit .
Shane
Lahore, Pakistan
Posts: 209
13 years ago
Mar 2, 2011 16:30
In Thread: EUR
Dave , thats why i said probably only 2 % succeed following there corrections , 2% is almost equal to none.
Shane
Pakistan
Posted Anonymously
13 years ago
Mar 2, 2011 16:21
In Thread: EUR
it all depends on ur winning chances and its all upto u , u want to play corrections and reduce ur winning chances to 30% right away by just doing it or u can play the real move and increase ur chances to 70 % right away.
Its really important for these fx bosses to keep our chances limited to 25% right from the start, the bigger our chances to loose the bigger there chances to win. They do it cleverly in the cover of helping you . All the market analysis on there sites are supposed to offer u just 25% winning chances. You can be successful even than if u understand risk management but most of us dont so only 2 % become traders and rest become loosers.
Shane
Lahore, Pakistan
Posts: 209
13 years ago
Mar 2, 2011 16:14
In Thread: EUR
lol tony sorry that call was for GBP, call for euro is 1.40 to 1.44. But i wont accumulate rather its better to go short at 1.40 with a small stop loss and similarly at 1.44. However 1.44 will confirm the long term uptrend continuation. I assure u that if it wasnt for the analysts who deprive u of the 75% market all the time fx would be a real nice place. They brain wash u and when u see the last 4 blue monthly candles for euro u got to think who was playing corrections and who was on the right side of the market.

The euro may have a correction to 1.35 or 1.34 but we have very short term memories, euro has been rising against the dollar ever since its inception and b4 the markets collapsed it was some where at 1.60. So if the world economy is recovering i guess fx markets will also try to follow how it was b4 the great recession.
Shane
Lahore, Pakistan
Posts: 209
13 years ago
Mar 2, 2011 15:53
In Thread: EUR
@boli i agree with u but i am not trying to predict tops , 1.65 may not be the top for this move but some safe places from where u can play some corrections. Again the main trend is upward and u can never know where it is gonna go.
Shane
Lahore, Pakistan
Posts: 209
13 years ago
Mar 2, 2011 15:48
In Thread: EUR
@subway very right, there may be pull backs but no major pull back till 1.40. Than just checked on monthly if 1.40 is taken the next pull back level is 1.44 to 1.45.

USDX also gonna test 76 b4 a correction in USDX.
Shane
Pakistan
Posted Anonymously
13 years ago
Mar 2, 2011 15:41
In Thread: EUR
Lastly the most stupid thing right now to do is going long , i believe that euro is gonna go up to 1.40 or 1.42 b4 a major correction but the risks are great. It may be better to play a correction on top at 1.42 or 1.40 this moment. For GBP i think going short at 1.64 to 1.65 is a good idea as we may get a correction till 1.58 . Remember these shorts are corrections so if play it safe.
Shane
Lahore, Pakistan
Posts: 209
13 years ago
Mar 2, 2011 15:37
In Thread: EUR
either i have gone deaf or the markets gone numb. Check the monthly charts all the calls of shorts on euro and GBp are the corrections and the main move is upward. They make u play the corrections thus already eliminating 75% of ur chances of success. This is a very easy market all u have to do is forget about these analysts or even if u wanna follow them dont follow blindly. They will give u one month of good calls playing corrections and deprive u of 3 months of the real move. Dont believe me just see the monthly charts draw some trend lines and u will believe me.
Shane
Lahore, Pakistan
Posts: 209
13 years ago
Feb 25, 2011 17:43
In Thread: EUR
Catnip

Thats exactly what i am trying to explain catnip but in simple words.
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