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by Ashraf Laidi
Posted: Jan 1, 2011 0:30
Comments: 1756
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This thread was started in response to the :

Ashraf's Book: Currency Trading and Intermarket Analysis

Ashraf's Book: Currency Trading and Intermarket Analysis
 
supertrader2018
dublin, Ireland
Posts: 0
9 months ago
Jun 6, 2018 15:34
usdcad will hit 1.3250.

Ashraf....do some learning before you do nonsensical analysis.

There is a reason why USDCAD has moved from 1.24 to 1.3. It is not to go back to 1.24 in 1 month time. You are a real fool in the way you analyse charts.

Here is a little bit of advice for you:

USDCAD long term weekly and monthly charts are clear. 1.3250 is min.

So your 1.3130 stop is not safe. Relook at your trade else it will lose even more money.

Most traders will improve over a period of 5 years. But your record over 8 years is SO BAD that am yet to find anyone worse.

supertrader2018
dublin, Ireland
Posts: 0
9 months ago
Jun 6, 2018 12:50
Am sorry if I have posted too critical. But I have lost a huge amount of money on Ashraf trades.Nearly 50% of capital is gone. Over 20 trades taken. Absolute disaster.

After losing so much, I analysed his style.

His trading style is very different. He makes trades on anticipation and even before the pattern is formed, he issues trades.

Example: Short USDJPY at 109 assuming 110 is right shoulder of a h&s. The H&S has not formed when he goes short. Thats the problem. He has assumed a H&S has formed. Now as we look at USDJPY, its at 110.2 and clearly broken the right shpoulder. Now the pair is headed 115 but he is short with stop at 111.3. Instead of issueing a update of closing the trade, he gives interview after interview trying to get more clients.


Second example:
He goes Long EURUSD in April and March. All basis ECB reducing stimulus. But the actual stimulus is still running and no hints yet of a reduction,. So why assume and issue longs on EURUSD at 1.22 etc ?

Third example:
3 shorts on USDCAD. Why ? Because nafta deal. long before actual deal announcement, he assumes there will be concessions for canada. So he goes short. As it turns out, canada is on the tariff list. He loses all trades.

Fourth example:
Short CADJPY at 83.5. stop 85.3. How can you short CADJPY IS BEYOND ME. NO pattern no trend.

Fifth example:
Three shorts on S&P and DAX and ow 30. All stopped. He goes short dow30 again. His reasons are flimsy.

There are better and cheaper services which are making more money.

Just to make every alert.

supertrader2018
dublin, Ireland
Posts: 0
9 months ago
Jun 6, 2018 12:18
Let me guess on his next trade:

Short USDCAD. The previous is stopped so what will he do next ? Short it again because he expects jobs data to be good. He has done this signal for 8 years and still does not learn that Data and price action has very little correlation.

Go LONG USDCAD as ashraf is short.

Also long USDJPY as ashraf is short.

The inverse of ashraf trades will have a win rate of 65%. That is better than any algo out there.



supertrader2018
dublin, Ireland
Posts: 0
9 months ago
Jun 6, 2018 12:14
Ashraf Laidi the greatest con artist.

USDCAD - Stopped (200 pips loss)
EURUSD - All stopped losses600 pips
CADJPY: All stopped
EURGBP: - He is long againts all odds and trend analysis. Wait for it to stopped. Just wait. ...He is already stopped once. He goes long again after the stopped.
USDJPY short at 109.5 stop at 111.3 ...The basis for shorting is Head and shoulders. He charges $110 per month to show us a imaginary pattern called head and shoulders. Any trader will tell you that H&S has a hit rate of 20%. Even before the H&S FORMS Ashraf goes short because he day dreams that a H&S is forming.


You name the instrument and he is stopped out.

His win rate since 2010 is 35%. I have proof of all his trades. Just collected all. I can post it if he allows.


Has anyone wondered why this con artist speaks in Arabic now as opposed to a few years back ? Because all english speaking traders have seen thru his crap. So he goes to new geography.

Why dont you learn mandarin and japanese and try fooling a few more there ?

Ashraf is a CMC sales guy who decided to launch a signal service. He has zero expeirnce in trading. Please do not subscribe to his service.
Visha
Abu dhabi, United Arab Emirates
Posts: 0
11 months ago
Mar 28, 2018 6:02
I am interest to join your valuable signal please send me contact details.
My number +971 567523718
Sami Bashir
Edmonton, Canada
Posts: 0
3 years ago
Dec 3, 2015 6:18
Good job Ashraf.
Q8artForex
ku, Kuwait
Posts: 0
4 years ago
Sep 6, 2015 8:12
????? ????? ??????? ????? ??????? ???? ?????? ??? ????? ??????????
??? ???? ???? ????? ???? ?????? ??????? ???? ?????
tarekalex
alex, Egypt
Posts: 14
4 years ago
Jul 28, 2015 21:26
nice book Ashraf we hope you translate to Arabic
elephantclash
New York City, United States
Posts: 0
4 years ago
Jul 6, 2015 15:43
NIce book it is
xagtrader
beijing, China
Posts: 0
4 years ago
Jan 20, 2015 9:43
HIHI Ash, write a new book, ok? pls see today's crude and dollar...;)