Posts by "shane"

@digi i agree but i will wait till i have confirmation of the trend.

@digi There is a strong chance that we may have a medium term trend change in euro and i guess if it breaks urs mentioned fib lvl today that may be the confirmation of a new trend . A road to north and i am happy now that i got out of my short earlier with a small loss no more regrets lol.

Euro spike seems very similar to the last one both 8 hour candles over 1.3350 , i guess only a break of 1.3460 and a positive close above 1.34 can determine for sure that its heading north.

Hi, Guys Looks like we are having some hard discussions here, i will just like to comment on Ashrafs work here , i am not a hard core economist and i have been trading forex for 1 and a half year now , where i could not trade for last 4 months coz of my routine. In my opinion no one needs to become an economist to be a forex trader.

The reason why you dont need to become an economist is you have Ashraf around , if you are good enough to follow him and understand him, you can almost get everything for free, not too many people do that for free around here these days.

Following Ashraf is very simple all you have to do is use a bit of your mind aswell following are a few suggestions which might help when following Ashraf:

1. He doesnot gives us trading signals service.
2. Follow him on twitter to keep urself upto date.
3. Ashraf basically follows the long term and medium term trend in particular and based on that some short term trends.
4. You must keep urself with enough leverage because he is not one of those guys who is gonna help u trade the 15 min or a 50 pip candle, there is another site for it some where on the net.
5. Ashraf predicts what may happen and he may go wrong, but 80 % of the time he is right and the rest 20 % when we say he is wrong its mostly short term and after a small spike the long term and med term trends get back to work and thats exactly why u need a good leverage when following this guy.
6. Lastly about the china hike, why the heck would anyone want to go long audusd , when its at 0.99 even as a layman i understand that the price above 1 for audusd is a top for now and i will certainly like to go short with a small position with my stops above the 1 audusd. Very small risk to the upside while opening up a huge downside.Not to mention that the head and shoulders pattern is still intact, Thats simple math.

I am short audusd i have gained some 500pips from Ashrafs advise in past week so what if i loose some 100 but i only follow Ashraf when i agree with him so that i dont come and blame him for things .

Overall After one and a half year the only guy i really follow is Ashraf. Keep it up Ashraf you are doing great.

Thanx

HELLO EVERYBODY AND HELLO ASHRAF.
Long time since i last traded or posted some thing here, how is every body and i am back but will be trading properly and regularly after 20 th of JULY as i am still a bit busy in some important business ventures. Till than i will use this time to have the feel of the market. how is it outhere guys.