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  • #127,401
  • Mar 19, 2009 11:34pm Mar 19, 2009 11:34pm
Quoting wormboy
Come on, there is absolutely no reason for abu not to be here. Let's not judge him. Tmac, you have no idea who he is, do not judge him. He's one of the regulars here & many other traders here had benefitted from his trading method. There's always two sides from a story anyway. And unless Abu admits, I for one, will not judge him. Shame on you lot who are jumping to conclusions just because one fella came up to whine.
Chuck, if you really did lose your money, then that's too bad. But to your question of "can you blame me?", then the answer is yes....
Thank you so much Wormboy for posting this ,I personally have a great respect for Abuawad as a trader,and I will not believe one person that I don't know against the trader that I do.I am sorry for your loss we all loose sometimes and that is the business we are in.This days was crazy moves and I know ppl. that loss their deposits,but they are not blaming anybody.Let be respectful to each other and get back to business of trading,cheers,Sofia
  • #127,402
  • Mar 19, 2009 11:40pm Mar 19, 2009 11:40pm
I guess for the time being we won't get to hear his side of the story.

Abuawad
Temporarily Suspended by Senior Member
The trend always ends.
  • #127,403
  • Mar 19, 2009 11:47pm Mar 19, 2009 11:47pm
Quoting wormboy
Come on, there is absolutely no reason for abu not to be here. Let's not judge him. Tmac, you have no idea who he is, do not judge him. He's one of the regulars here & many other traders here had benefitted from his trading method. There's always two sides from a story anyway. And unless Abu admits, I for one, will not judge him. Shame on you lot who are jumping to conclusions just because one fella came up to whine.
Chuck, if you really did lose your money, then that's too bad. But to your question of "can you blame me?", then the answer is yes....
I agree chuck may not deserve so much sympathy. Finding a trader online here in a forum is a baaad call. However...."if the story is true" (chuck said he can give the statement to those want it..unless i read it wrong?) , even an apprentice money manager will not blow up half of the fund in 48 hours (i think so hehe). Frm the story, lot sizing not appropriate especially with huge drawdown! A good or even mediocre seasoned trader will not do that unless he is out of his head/desperate (maybe i am wrong ). Have to admit, I dont know who "exactly" is Abu .
I am bored..
  • #127,404
  • Mar 20, 2009 12:21am Mar 20, 2009 12:21am
Well, it's too bad that Abu is suspended. Bad for guys who are trying to learn.
Because he is definitely one of the better traders I've came across. Knows his stuff.
It amazes me sometimes how some folks here treat trading like it is some game you play online. I have news for you, it is definitely not. It is business.
And if you're not willing to get your hands dirty and learn the trade your days as a trader are numbered. Just think for one second, if you're starting up a new business, would you seriously let someone you do not know run it for you? If you answered yes, then you're a complete tool. Probably the right thing to do is appoint an operations manager or advisor. Leave the chequebook to them from the start and you're a goner.
I am no expert trader but I have small retail businesses of my own, I know what I'm talking about where risk management is concerned.
Apologies in advance if my rants were hurtful.
Abu, I hope to have you back here my friend.
Off for now, catch you guys later. Good luck.
Thank You
  • #127,405
  • Mar 20, 2009 12:36am Mar 20, 2009 12:36am
Quoting wormboy
Well, it's too bad that Abu is suspended. Bad for guys who are trying to learn.
Because he is definitely one of the better traders I've came across. Knows his stuff.
It amazes me sometimes how some folks here treat trading like it is some game you play online. I have news for you, it is definitely not. It is business.
And if you're not willing to get your hands dirty and learn the trade your days as a trader are numbered. Just think for one second, if you're starting up a new business, would you seriously let someone you do not know run it for you?...
somebody should clear me here...what has happened to ABU?
are you saying ,he will not be posting in this forum or what?
  • #127,406
  • Edited 1:17am Mar 20, 2009 12:58am | Edited 1:17am
Man, this dude got it bad.

After watching the glee and happiness of all his followers for him to go down on this 1 week of cable glory is sad....

I really feel nothing for those that lost, pshhh, I think that's where a lot of us got some ability to trade, but for a lot of us, we didn't blame the guru's and profit's when we lost, we licked our wounds and moved along.

You sad and pathetic pricks.

As a part of this learning forum, I appreciate a lot of what has been taught here. A grand amount of great traders and market forecasters which all of us can learn from. If you have gained the balls to throw some live funds into the wide blue yonder of forex, appreciate, you are no different then the 2000 other players boasted by the FOREX market daily....With every new player, I would be sure there is 1 less player....2000 new per day, prolly 2000 less per day as well...

It be a really sad day when all the great guys from here are gone.

Don't matter how many guys you help, all boils down to one who lost his ass.

For Shame......

As far as the forecasters are concerned, I am one of them lunatics, who DARES to not only have an opinion but have the techs to support it, take it or leave it. I ain't playing with your money, so if you choose to follow and lose, SUCKS TO BE YOU! Still waiting on all the promised gains people have been mailing me over the years. Poor pathetic pricks..

You think that we all just walk in and make it off the go...pshhh

For all of the grand gainers, we all have a story of loss. When we came best friends with the markets, we learned what an enemy was.

You want to come here to learn, take it from the long termers. EO, Worm, Silvia, ABU, (so many others)...If you can't learn and win from these guys, you are FANTASTICALLY DOOMED on your own. Pack your shit up, play the slots, best of luck.

ALL THE LONG TERMERS...

Thanks guys, for the time you have spent helping us lost dicks in this parade of blood. The time you spent, the losses you have encured have not gone un-noticed. Hats off to ya, please keep up the great work.
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #127,407
  • Mar 20, 2009 1:05am Mar 20, 2009 1:05am
Quoting wormboy
Well, it's too bad that Abu is suspended. Bad for guys who are trying to learn.
Because he is definitely one of the better traders I've came across. Knows his stuff.
It amazes me sometimes how some folks here treat trading like it is some game you play online. I have news for you, it is definitely not. It is business.
And if you're not willing to get your hands dirty and learn the trade your days as a trader are numbered. Just think for one second, if you're starting up a new business, would you seriously let someone you do not know run it for you?...
I dont have a retail business like you did (good for you). However, since in the past,before even before choosing to trade, I have been involved in quite a number of cool and amazing stuffs that you could imagine, I think i also deserve at least to say i know a little bit of what i am talking about and "I am not kidding you" .

Talking about trading, anybody can do analysis from hindsight or etc but to trade profitably, not everybody can. So you are correct to learn to trade.

About good trader or experts... hmmm..Its not becoming of me to talk to much, it past my sleeping time.
I am bored..
  • #127,408
  • Mar 20, 2009 1:32am Mar 20, 2009 1:32am
I have to agree with Sofia and Wormboy. Abu is a great trader. His system is solid. He has helped so many. I noticed that he would answer any and all questions posted here for him or his system. I have PM him many times and he always promptly response. Interesting enough, he never ask or share with me he manage accounts???? I am really sorry for your lost but I really wish to hear Abu's side of this story as well. Maybe it was just ego get in the way and he has to pick the worst day to let his ego get in the way (yesterday). I sense there is something wrong already with his own personal account because he posted this http://www.forexfactory.com/showpost...stcount=127188

Just as one other pretty good trader here on FF, Psiholog, who posted in the Eur/Usd thread. Psiholog has a good way of analyzing the Eur and he usually is pretty dead on. But even he admit, his biggest enemy thus far is emotionally and let ego get in the way. He would make $$$ in 20 or so trade only to give back in 1 trade because of his ego......he always want to prove his analysis was right and it has cost him dearly a couple of times. So I think Abu must have done the same mistake this time, letting his ego get in the way. But I doubt he has any bad intention or bad hidden agenda. Rarely did he admit any loss...but he did in the post above. Again, I do not believe Abu had any bad intention. It was just a bad luck day. His sharing freely of his system in details show he is sincerely want to help others. If he has any other agenda, he would not explain his system in details. He could have just give a bit to entice others then make them pay or subscribe to get his system but he didn't do that. So I hope Abu can have a say in this and FF would reinstate him to be able to post again.



Quoting sofia101
Thank you so much Wormboy for posting this ,I personally have a great respect for Abuawad as a trader,and I will not believe one person that I don't know against the trader that I do.I am sorry for your loss we all loose sometimes and that is the business we are in.This days was crazy moves and I know ppl. that loss their deposits,but they are not blaming anybody.Let be respectful to each other and get back to business of trading,cheers,Sofia
  • #127,409
  • Mar 20, 2009 1:33am Mar 20, 2009 1:33am
There is nothing wrong with Abu's analysis, but clearly his confidence was boosted by preceding success. If there is one lesson to be learned, it is one I came to learn too. When you are having a run of success, take a break from trading or scale back as the market has a way of teaching you a lesson when you are most exposed. This is a game of probabilities and at some time you will probably get it wrong. When you are over-confident, you will get it wrong BIG.

The Abu-bashing is annoying. He did not ask for money and put a lot of effort into teaching his method. Please let me when it is over as I will avoid reading the forum till then. Can we share trading discussion again.

Please send complaints to the new thread - "I cannot be bothered to Learn and blame others for the irrational behaviour of Forex"
Ride the Bulls bearback!
  • #127,410
  • Mar 20, 2009 1:38am Mar 20, 2009 1:38am
ok lets go long from now
  • #127,411
  • Edited 2:02am Mar 20, 2009 1:47am | Edited 2:02am
And your reason being?

Edit: It is not a bad place for a long as there is some support and the candle formations appear to supprt it. Also, if the formation plays as a bull flag then we may likely bounce of the 61 fib of yesterday's move at 14425. I was waiting for that level for a test buy and have just gone lone. We will see if it plays out.


Quoting mackagawa81
ok lets go long from now
Ride the Bulls bearback!
  • #127,412
  • Mar 20, 2009 1:59am Mar 20, 2009 1:59am
one hour and four hour signal and its almost london open rite?
  • #127,413
  • Mar 20, 2009 2:16am Mar 20, 2009 2:16am
Quoting mackagawa81
ok lets go long from now
I hold long 1.4470 since 5 hours ago ! I use small lot and ready get loss untill 1.4220 if she goes against the expectation !
Attached Image (click to enlarge)
Click to Enlarge Name: 200309.gif Size: 71 KB
I only trade XAU/USD. Based on USD news & Fib SR & BB20
  • #127,414
  • Mar 20, 2009 2:30am Mar 20, 2009 2:30am
Quoting manize
I hold long 1.4470 since 5 hours ago ! I use small lot and ready get loss untill 1.4220 if she goes against the expectation !
what's your target?
  • #127,415
  • Mar 20, 2009 2:34am Mar 20, 2009 2:34am
Quoting svirgo
what's your target?
1.48xx, assuming +300 pips movement above the daily open ! If you see H1, there is still 2 High pattern, I wait for the 3rd H before significant fall !
I only trade XAU/USD. Based on USD news & Fib SR & BB20
  • #127,416
  • Mar 20, 2009 2:39am Mar 20, 2009 2:39am
Quoting wormboy
Well, it's too bad that Abu is suspended. Bad for guys who are trying to learn.
Because he is definitely one of the better traders I've came across. Knows his stuff.
It amazes me sometimes how some folks here treat trading like it is some game you play online. I have news for you, it is definitely not. It is business.
And if you're not willing to get your hands dirty and learn the trade your days as a trader are numbered. Just think for one second, if you're starting up a new business, would you seriously let someone you do not know run it for you?...
i'm not judge abu n i'm not blame somenone
i have exprecienced like chuck too, c'mon go to mall / hotel / carefour anyway. do u see the owner? i don't think so. all humans just have two hand not thousand so can't hold everything, especially if u want to be sucess, yes u must have trust to somebody else anyway.
i'm only ask : why abu is suspend by the senior member? if i don't wrong, abu is senior member too ???
no offence
  • #127,417
  • Mar 20, 2009 2:51am Mar 20, 2009 2:51am
hi mates

i still don't understand why Abu was suspended..if he is managing some body's
Account.how does it affect this forum?

can some one clear me here

my today's speculation will be to buy above 1.4544 or to sell below 1.4464....


just my idea
  • #127,418
  • Mar 20, 2009 2:51am Mar 20, 2009 2:51am
So much worthy lesson has been teached by Abu.

3 points warning I always remember :

1. Don't use his platform during any big news
2. No trade against the trend
3. Use an SL
I only trade XAU/USD. Based on USD news & Fib SR & BB20
  • #127,419
  • Mar 20, 2009 2:53am Mar 20, 2009 2:53am
Hey I can't blame Abu, there are occasional days every year where cable will run in one direction, and ignore all technical fundamentals. It happens you have to get used to it. On the other note, if you lose half your value in your account in one day. Well if your down 300-500 pips, and that comes out to half your account then your doing something wrong. Your under capitalized, and making overleveraged trades. In a sideways market that may work, but you must understand if the market starts running away from you, you must take a loss instantly you do not have the cushion of more funds, or the ability to wait it out. This is a major problem that many newbie traders get themselves into. If your using FXCM, they either have mini lots or regular 100k lots. On a 5k balance you shouldn't be trading 100k lots, your just asking to be wiped out, if just one or two of your trades are bad your gone.
  • #127,420
  • Mar 20, 2009 3:01am Mar 20, 2009 3:01am
hmmm . . could she soar?

http://preview.shareapic.net/preview5/015564702.jpg

watch this reasistance on my chart.
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