Parameters in Equities, Oil

I have reading these interactions regularly and with lots of interest. I have found Ashraf's IMT and twitters to be an excellent input in determining the likely movement of a currency. And many thanks to Ashraf for this. I am using the word 'likely' because I trade basis technical setup and inputs on direction have helped me in shortlisting the one pair on which to trade.

In my view, besides direction, entry and exit points also play a key role in profitability of a trade. Besides this, one key parameter has been stop loss. I have found that in some trades where i have not put a stop loss, the trade have gone in the direction as suggested by Ashraf after going in negative. A careful selection of stop loss is, in my opinion, very important parameter in making a trade successful.

May I request Ashraf to start a new thread, where members can discuss entry, exit, stop losses and direction of their trades. I have started doing this with 2-3 of my friends and believe me, it is very effective in course correction of ones trade midway, as each person has a different ways of looking at charts, entry & exit points and different risk appetite.

Thnx

Rajesh

Xaron,

Welcome to the Forum!

If you go through the members' posts for the last quarter, you'll see the members CONSISTENTLY asking how and when to trade...and Ashraf CONSISTENTLY telling that he'll NOT advise...but ONLY give an opinion on it!

Try asking Ashraf, 'Should I short oil at 80?'...and a typical Ashraf reply would be 'I can only tell you a range - it is your initiative to place a trade...' (ok, s/thing like this). None here seem to think that Ashraf is 100% correct (it's normal)...and none here have burnt their accounts w/ Ashraf's help (have a poll).

I really DO NOT understand what, or who (I know this one), gave you the notion that Ashraf advises members on placing trades! He's always reiterated that this is not a advisory service (because it doesn't come for free). What I also recommend is to check out the posts of a certain, bitter member for the last quarter...and you'll understand why he seems to hold it against Ashraf.

Thanks v/ muxh and I hope I've made things clearer...


Asad

No offense but I agree with Qin here. It was just a bit sarcasm, nothing more. ;) I mean, Qin just goes with the trend and buys dips. He's just more long term focused (like I am). Personally I don't see such a 3% drop in the Aussie nor do I see a 70% chance of a weekly close below 1.4550 in the Euro. But that's my view and of course I can be wrong.

To me it's rather funny to see all those guys here asking for advise how to trade. Ashraf I see no point in doing that. Ok, sometimes you're right and sometimes you're wrong. That's ok as this is just normal. But some here seems to think that you're right 100% and burn down their accounts.