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by Ashraf Laidi
Posted: Feb 20, 2010 5:00
Comments: 30765
Forum Topic:

EUR

Discuss EUR in this thread
 
Alan111S
Melbourne, Australia
Posts: 18
13 years ago
Sep 28, 2011 7:22
Addendum: Forgot to mention in my earlier post, I never trade more than 3-4% of my account and always use stops .....
Alan111S
Melbourne, Australia
Posts: 18
13 years ago
Sep 28, 2011 7:20
@jacek I don't trade commodities as I'm using GFT Web and I find that convenient as I'm out on site and can access it from wherever. The GFT Web for my account isn't setup for Commodities.
Xaron
Munich, Germany
Posts: 528
13 years ago
Sep 28, 2011 7:18
hmm... I might give it another try, so jacek, I will post a link to MyFXBook again. ;)
jacek
Melbourne, Australia
Posts: 2579
13 years ago
Sep 28, 2011 7:07
thx Allan.. u obviously made it work for you.. just out of interest.. did you take any AL's commods calls like in gold, oild or silver?..
20 Pips
United States
Posts: 4
13 years ago
Sep 28, 2011 6:53
shit man, i just read his post. Looks like i fucked hard like i got fucked before. When I first started trading, I lost all my money in FX around 30k USD from my hard earned job in SHort EURO usd when it rallied up from 1.28 to 1.45 in a matter weeks. Then i got fed up like FX handler, about to quit, but idont want to lose , so i am still inthe game but trading small and hope one day i can get it all back.......................
Alan111S
Australia
Posted Anonymously
13 years ago
Sep 28, 2011 6:53
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.




jacek
Melbourne, Australia
Posts: 2579
13 years ago
Sep 28, 2011 6:41
FXHandler problems were largely his own making.. but how many others fall in similar illusory trap and just suffer quietly?.. have a look at his posts.. probably best find them in Commodity FX..
20 Pips
United States
Posts: 4
13 years ago
Sep 28, 2011 6:26
wat happen to FX Handler?/
jacek
Melbourne, Australia
Posts: 2579
13 years ago
Sep 28, 2011 5:40
actually AL might get lucky with that 1.3520 stop as it's below my scalp short target which has been already hit.. but it looks like that trendline might get broken soonish.. for momentum is quite strong.. looking to re-short if that happens..
zgbn
Kentucky, United States
Posts: 10
13 years ago
Sep 28, 2011 5:28
@jacek

Which is why am so scared of AL. But his marketing campaign is so dangerous for newbie folks that they may get sucked into "trades hit target". Emini has been stopped, usdcad has been stopped. (my friend trades with AL and he was absolutely furious at the wide stops). Didnt check other trades. But no where can I see him saying I LOST  PIPS ON THE LOST TRADES. AL trades stops are so wide that u lose the trade, it is is punishing. I follow two others but both are transparent of their loses, publish P/L and are never ever heard on CNBC etc as they enjoy trading.

But his analysis is good and therefore credit where it is due. To be fair to AL, FX markets are a tough place.