who is guru???!!!

sell aud/usd at 1.0372, sl 1.0485, tp-1= 1.0112, tp-2 = 1.0038, tp-3 = .9919

everybody is requested to show any strong argument proving that i am in wrong trade.

looks fine but i like aud/nzd move more then aud/usd keeping longer wave in mind.

last time i posted forecast of daily trend change before it happen.
so this time i want to know your opinion.
i shall show my arguments tomorrow.

when eur/usd daily trend will change?
is it completed wave 5 in daily trend?
what is your opinion?

saeedrehman posted:
when eur/usd daily trend will change?
is it completed wave 5 in daily trend?
what is your opinion?

though some pairs indicates the end of daily trend but eur/usd doesn't show any clear confirmation for the end of daily trend.
but if you only analyze the last candle stick of daily chart then it shows you the immediate trend is down.
so according to my strategy (fundamental divided by technical = fanatical) the daily trend change of most of the pair's will be confirmed
if there are at least two currency's interest rate change including 'euro' in this week (there are 5 currency's interest rate will be announced this week).

pls feel free to show your arguments if i am wrong.

saeedrehman posted:
i shall post my live trades/projected trades here and request everybody to post comment against any of my trade with strong argument to prove that i am in wrong trade. i normally say that less than 5% of my trades can go to loss.

my first trade is sell aud/usd at 1.0413, sl 1.0625, tp 1.0000.(though it was sold two days ago at 1.0520)

you can also find my all live/projected trades at https://www.forexstreet.net/profile/saeedrehman

wellcome

EUR/USD: Continues surging, 1.3170 now at sight
Mon, Dec 3 2012, 10:22
by Valeria Bednarik | FXstreet.com Independent Analyst Team
Vote up: 0Vote down: 0
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The EUR/USD maintains its upward tone this Monday, rising to a 6-week high of 1.3048 so far. Buoyed since early Asian session following improved readings of Chinese PMI, the pair consolidates firm above 1.3000, despite European PMI reading showing the EU heads into recession for 2013, after over a year of continued contraction. As expected, Greece announced earlier today a buyback of government debt, which helps keeping the pair at current highs. Technical readings in the 4 hours chart support the upside, as indicators continue heading north in positive territory and price developing above 20 SMA. As long as above 1.3010, the pair has scope today to extend towards the 1.3080/1.3100 area, followed later by 1.3170 September highs.


Short term support comes at 1.3000/10 and if below, the pair may attempt to test 1.2970, yet buying interest may surge around those levels and keep the downside limited.

the trend is not near on an end,will go up much more....

though most of the pairs are in correction mode of daily chart.
so, wave counting traders have a boring time now a days.

in this time i have started a new method to get small profit from
any type of market that is called 'Macro Sclaping'. it is time based strategy.
all of my 'Macro Sclaping' trades are listed at
https://www.forexstreet.net/profile/saeedrehman

pls feel free to visit and post your comment.

saeedrehman posted:
sell aud/usd at 1.0372, sl 1.0485, tp-1= 1.0112, tp-2 = 1.0038, tp-3 = .9919

everybody is requested to show any strong argument proving that i am in wrong trade.

no need. already proven. hist ur stop loss...
-_-

saeedrehman posted:
though most of the pairs are in correction mode of daily chart.
so, wave counting traders have a boring time now a days.

in this time i have started a new method to get small profit from
any type of market that is called 'Macro Sclaping'. it is time based strategy.
all of my 'Macro Sclaping' trades are listed at
https://www.forexstreet.net/profile/saeedrehman

pls feel free to visit and post your comment.

any dd above 15-20% is considered bad system, as risk is too much, and ur gains ain't better. if ur gains is 2:1 of risk dd, its still alright. Work on ur DD if u want to be a guru.

thedoctor posted:

any dd above 15-20% is considered bad system, as risk is too much, and ur gains ain't better. if ur gains is 2:1 of risk dd, its still alright. Work on ur DD if u want to be a guru.

thank you doctor, to post your comment about an important part of a successful strategy.
if you see the histogram of dd then you will see that from last one week my dd is below 15%.
i am trying to bring it below 10%. but the dd 40.99% is mentioned in my account summery--
was happened when i first started this account with a small account and after that my actual dd
become low day by day(look at the histogram of dd) but it didn't change my dd in account summery.
i think someone can better explain it.

saeedrehman posted:
when eur/usd daily trend will change?
is it completed wave 5 in daily trend?
what is your opinion?

i believe that eur/usd has completed wave 5 of daily trend as i posted before.
it hit tp-1 of last buy signal of daily chart. now it will follow a correction of 3 waves.
i can't show a daily chart now but i shall suggest the sell trend of eur/usd by
showing weekly chart that i posted before( the weekly chart is old and i did't
update it).
so i shall only like to sell eur/usd untill it reach near 1.1600(projected for next 4+ months)
for weekly chart tp-1= 1.20 and tp-2= 1.16-1.13)

saeedrehman posted:

though some pairs indicates the end of daily trend but eur/usd doesn't show any clear confirmation for the end of daily trend.
but if you only analyze the last candle stick of daily chart then it shows you the immediate trend is down.
so according to my strategy (fundamental divided by technical = fanatical) the daily trend change of most of the pair's will be confirmed
if there are at least two currency's interest rate change including 'euro' in this week (there are 5 currency's interest rate will be announced this week).

as i mentioned earlier that it will be confirmed for most of the pair's daily trend change if two of the interest rate decision change including 'euro'. in real we found only 'aud' has changed it's interest rate. so what will happen of other currency pair's daily trend?

the answer is: i expected 'euro' will change it's interest rate but the truth is hidden in ECB president Mario Draghi's speech as he
mentioned the word 'conflict data'--this word clearly indicate the result what i was expecting from ECB.

so according to my strategy the daily trend of most of the pair's has been changed and most of them are in corrective waves.
suppose: euro/usd, gbp/usd, euro/jpy, gbp/jpy all are in sell trend in daily chart.

pls feel free to show your argument if i am wrong.

For me, Guru is anyone that can make profit consistently

No guru is more than that, that is making profit consistently, that means you have a nice money managment skills

oil 4 hour chart analysis 17-12-2012

According to the four-hour chart, oil is in up trend as shown in the picture. it has completed wave 1 and wave 2. now it is following wave 3. the projected tp-2 can be hit in wave 3. this chart don't show the projection of wave 5. i shall post another chart indicating wave 5 tp after completing wave 4.

though i am late to post my analysis and price has gone up. so sl can be place at 85.70.

sell aud/jpy at 88.35, sl 89.03, tp-1= 87.22, tp-2= 86.33
sell nzd/jpy will follow the same trend.

buy usd/cad at .9865, sl .9825, tp-1= .9923, tp-2= .9980

it has completed wave1 and wave 2. now following wavve 3. it can go

more up then tp-2. wave 5 projection will be posted after completing wave 4.

this buy signal indicate the initiation of daily trend change. so have patience

to get highest possible profit.

sell aud/usd at 1.0515, sl = 1.0580, tp-1= 1.0452, tp-2= 1.0376,

it has completed wave1 and wave 2. now following wave 3. it can go

more up then tp-2. wave 5 projection will be posted after completing wave 4.

this buy sell indicate the initiation of daily trend change. so have patience

to get highest possible profit.

sell nzd/usd will follow the same trend as sell aud/usd

good analisys saeed-ur-rehman for both pairs