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222 Posts Total by "shane":
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Shane
(Lahore, Pakistan)
14 Posts by Anonymous "shane":
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Shane
Pakistan
Posted Anonymously
13 years ago
Feb 25, 2011 17:10
In Thread: EUR
The reality is that many analysts just concentrate on one side of the market, thus depriving new and innocent traders from 50% of the market. This is done very cleverly in the garb of help. Look at euro for example we have 25 blue candles ever since the uptrend begun and only some 8 red candles even than we have been getting calls to go euro short. The reason is very simple in forex market we are not producing or manufacturing any thing, the only thing keeping this market going is the money from not small but inexperienced small and big traders.

We must understand that the only way to earn money in this market and to make sure we can predict the future is to learn to find out where, how and when inexperienced traders will be punished by the market.
Shane
Lahore, Pakistan
Posts: 209
13 years ago
Feb 25, 2011 16:55
In Thread: EUR
Present Trend in Markets

1. Very Long term Trend, is euro bullish as euro has been rising ever since it was launched.
2. Long term trend, is dollar bullish every since the rally from 2008.
3. Medium Term, Medium term trend is dollar bullish as 77 is a strong support for the UDSX.
4. Short term, short term trend is euro bullish.

Lol wat are these guys , they are making a good fool of innocent traders.
Shane
Lahore, Pakistan
Posts: 209
13 years ago
Feb 2, 2011 20:38
In Thread: GBP
GBP rallied till 1.6230 exactly conciding with the trendline drawn from august and november 2009 highs on weekly charts . Daily close below is below 1.62.

Ashraf dont u think its risky to go long now, kindly check the chart 1.6150 was never the resistance if u draw the line from august t 2009 highs through november 2009 highs the resisitence is 1.6230 exact. if it breaks above 1.6240 i think that will pave way for 1.65.

anyways i think the mere existence of this trendline is so that it can be broken so i plan to go long on a dip.
Shane
Lahore, Pakistan
Posts: 209
13 years ago
Feb 2, 2011 13:38
In Thread: GBP
bull if u see the day chart u will see that gbpusd always has these false spikes, my only worry is that it should not extend above 1.63. however more worries adding to my gbpusd short are that we had a double bottom at 1.53500 and 2ndly that 1.62 has been gunned down plus the previous highs were at 1.59 in august than 1.61 in september than 1.6280 in november approximately 200 pips higher than last time so i am afraid that 1.65 maybe in pictures b4 the eventual downfall of gbp.
Shane
Lahore, Pakistan
Posts: 209
13 years ago
Jan 28, 2011 16:38
In Thread: EUR
every time there is a 200 pip downside everyone is worried that it euro is going down Maybe lol.
Shane
Lahore, Pakistan
Posts: 209
13 years ago
Jan 28, 2011 8:47
In Thread: GBP
As far as GBP goes i agree that it is going down as gbp is showing a lot of weakness. However i am still waiting for a pop up above 1.60 to go short or watch the weekly close today coz if it closes below 1.58 i think we will get a few pips shorting GBP.
Shane
Lahore, Pakistan
Posts: 209
13 years ago
Jan 27, 2011 16:42
In Thread: EUR
@catnip nice man i wish you good luck for this time aswell. As far as i know the markets they play on our greed and with the passage of time i have started a contrary approach my guess is market will break this 1.780 resistance however may not touch 1.40 or may make a false break at 1.41 . I am following the same technique on GBp as i dont believe in H&S pattern to be effectively controling the market but it is there so people can go short on it so that it can be taken down with a false break and analysts will justify that there was no daily or weekly close above 1.6060 so the pattern remains there and most of us who will heavily short at 1.6060 will end up frustrated watching GBp touch 1.61 or 1.62 and than fall like a stone .
Shane
Lahore, Pakistan
Posts: 209
13 years ago
Jan 27, 2011 13:14
In Thread: EUR
Price action is fundamental and technical so i guess all traders are following the same rule in there own ways. Catnip and for that no body has a right to criticize anyone all they can do is post there own opinions. Catnip going long when we are already 900 pips up and bull target of 1.40 is almost done aint such a good idea.

Any one amongst us who captured the move from 1.42 to 1.2880 and from 1.2880 to 1.3740 is a real trader and if some one can claim that i am ready to make that guy my GURU. If there is no one than its just that we all are playing just our sides and we get lucky to win some times.
Shane
Lahore, Pakistan
Posts: 209
13 years ago
Jan 27, 2011 12:48
In Thread: EUR
look guys all of u are so single minded when ashraf was calling for succesful shorts every one was praising him plz understand fol.
1. this is a free site and service so if u dont like him you have mentioned that now grow up.
2. As far as i know the freedom of speech is everyones right. Some people are playing corrections and some like to go by the trend u can earn both way.
3. Ashraf and catnipl are fundamentally long term USD buLLS why coz thats what they are here to do, tell us wat they think there are analysts I do agree that ashraf aint so good in Usd bear market Because his long time intrest is in a bull market.
4. Now please give ur opinions and stop these personal attacks.
Shane
Lahore, Pakistan
Posts: 209
13 years ago
Jan 27, 2011 11:20
In Thread: EUR
BTW just one reason why the technicals work all the time in the market is that the wolves want the sheep to go in one direction so they make it easy and do that technical thingy bob all the time . they are meant to fool us all and if we all understand that we can make them a fool instead.

Lastly if u guys want to be succesful forget about hourly charts and stuff there are so many breaks of technicals and false moves in smaller time frames. I think day and weekly time frames are best to trade the technicals.
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