Posts by "alan111s"

Guys

I noticed there are discussion about Ashraf's trades and wanted to add my 2p.

I've been a subscriber for about 3 months. I was a little sucked in by the hit targets stuff but to be honest, I monitored his calls for about a month (while away abroad) before using my own cash and a lot were great calls. I am a newbie trader, so I needed a little help mainly, but I already knew about risk reward ratios and position sizes so not completely green. However, after the first couple of weeks I was just about breaking even.

Anyhow, everything changed for me when I realised that I could use market orders rather than trading spot. When AL issues his trades, and gives a range, to minimise risk and get a better risk-reward ratio, I normally set up a limit order for the highest entry point if it's a short and a stop order for the lowest entry point if it's a long. You would be amazed at how many times I've thought that a particular trade will never activate, but somehow they mostly do activate! The exception to this is when I can't get a trade in quickly enough or the email is late etc., then I make a judgement call whether to go market.

On a EURUSD trade I tend to go for the maximum exit limit and any other pair, I go for the minimum exit limit. Good examples of that is I made $ on Fridays CADJPY and USDCAD, even though they retraced before hitting the max limit.

My main frustration with the service is that I am in Melbourne, Australia. Recently, AL's trades have been published during NY session which is well after midnight here, which is way too late for me. Sometimes they are still valid the next day in Asia, but often they are no longer valid e.g. entry points missed, trades completed etc.

Before using the service, with my own trading, my account was 20% down. Since using it I am 25% up, despite messing up the odd trade myself.