Ashraf Laidi "calls"

I would like to start a discussion about Mr Alaidi “calls” here ate FF . I will take it as a personal project because I just love to engage myself in this kind of observation. Or should I say research?


If you feel like posting something meaningful about what he says just go ahead and do it .


I find it just so amusing to watch the new “guru” in town in his development stages. Their public quest, raise and fall. This kind of pattern/process just amazes me.


First of all I would like to make clear that I'm not here to bash the guy. He has being right for quite a while now, and I guess it gave him (recently) the title of “senior” strategist at CMC. He seems very comfortable dealing with the diverse pieces of the fundamental puzzle and overall he looks like a smart guy.


But.....I do have some questions here in the back of my mind that I can't seem to find reasonable answers.


For example:


Why a guy that appears to have so much knowledge about the market and such a skillful trader is still not rich? In the same thinking process...why is he not working by himself in the comfort of his house instead of going to CMC everyday ?


Why this guy work so many hours? It looks like that he starts in London and stay “connected” way after New York is closed so.....we have a good 12 to 14 hours working day.


Why does he charge people for his “seminars”, “ webinars” etc ? Or my question should be, why he even bothers with this kind of things if he makes his money trading? It just adds to his weekly working hours since he runs this things on weekends.


Anyways the list of questions goes on and I can't find some reasonable answers.


I already know that the naive will come here and tell me that he does it out of generosity, that he does not have to do it ...etc...etc. Well.....I'm sorry but I'm a little over the age of believing on fairy tales.


The most plausible answer that I may accept, is that he does it out of vainglory. He does seem to have a big ego, but, I find it hard to believe that somebody will put himself through all the above mentioned, just to “show off”. And if he does, he is sick, and he needs a psychoanalysis session . Not forgetting that the markets have a special way of punishing people with big egos.


Anyways, again...it will be funny to study and follow this guy steps and see what is going to happen. Looks like that he made two bad calls last week on gold and something else, but I'm not holding it against him because we all make mistakes right?


If you are smarter than me and you can come up with some explanations for my questions above feel free to join the discussion

I'm kind of digging a little deeper and trying to understand better where this guy comes from. I can see that indeed he is from the Forex area, since he even worked in the currency department at the United Nations. He does have a good resume and if I was still working and I guy like him showed up I would not have any problems hiring him.

But then I see that he was engaged in a big campaign to win a "most watched" or "most followed" on Twitter .......hummmm , thats odd !! Well anyways if indeed I got him working for me and he started making that kind of noise I would tell him to keep it low key or go work somewhere else.

Ok...little more research and it turns out that Mr Laidi works for a broker !!

What about that?!?

I really though that CMC MARKETS was a hedge fund or something, but no...they are a frigging bucket shop...ohhh boy I'm very disappointed!!!

Well at least now his behavior match his position.....makes sense!!

Anybody can make great calls, great analysis and even great money for a while in this business. I've seen traders quadruple their accounts pretty quick and go bust even faster. I also have seen the raise and fall of so many "gurus" that I lost count of them.

Mr Alaidi got a lot of media exposure due to his bold calls and pretty decent fundamental views. The problem is that his behavior was out of sync with his aspirations.

again as I said before he seems to be a smart guy but he is falling IMHO on the same old and handy market trap.

Ego!!!

Take a look on his videos on youtube and on the old ones Mr Alaidi was a lot more low key than he is now. As his "predictions" started to materialise he became more and more bold. latelly he started to bash any "follower" that disagrees with what he is "PREDICTING" !

He is starting to show all and every symptom of destructive behavior.

I noticed this dialog few minutes ago on his twitter:

@alaidi you warned the opposite Ashraf! You warned us the job report would be negative... why do you say that you warned us it would be pos?

@FXHandler i warned about the extremes and not that it will negative. read IMt carefully

@alaidi with respect,that is not true!You said the jobreport would be worse than expected,drag stocks down and YEN up http://chart.ly/d9v4r2


Ohhhh boy....some flaming going on out there, and FXHandler is not one of my alias....believe me!

Well...anyways....... I kind of discarded this guy as soon as I realized he was just a analyst for a bucket shop. His agenda is to bring costumers to CMC Markets and make a buck here and there over the weekends with his webinars I doubt he even trades his own money, or should I say I doubt he has enough money to trade and make a decent living.

I will probably follow this guy for a while just to see how his followers will handle the end of the illusion.

Good weekend to all....and......don't loose money !!


EDIT- By the way I found "coolshades" at Mr Alaidi forum and he was with the same brown nose talk that we all saw at the now defunct Xaron's forum !!

All I know is his book is a good read.

Indeed!

It seems that Mr Alaidi is "predicting" less and concentrating more in his meetings and presentations, just as we expect from a professional trader !

Anyways...I took a look at his book and failed to see anything really meaningful. I think that since he is getting some exposure with his bold calls he decided to profit from the fact writing a vanilla/copy & paste style book.

Well lets see how long he will be able to carry it on !

You guys actually follow recommendation on twitter? Most of those handing out free signals are looking for recognition from the media groups (present company excluded). You have to take their trade signals with a grain of salt, in that I too have been wrong in my predictions of the market and do not want everyone to ad hear to what I am recommending as a promise or certainty. So instead of telling my twitter/stocktwits friends what the market will do I opt to show them a few signals that I use in anticipating what might happen. Take a look at my twitter page (www.twitter.com/josefhiggins) you'll see a lot of "Inside Bar recommendation for short or long" as an example. I just make everyone aware of a common signal that may induce market change and if I can support my theories with charts, I post them on Chart.ly for all to see.

For me, I'm not trying to get famous or a book deal, instead I use twitter to post my thought on the market and personal aspects my my life to my personal friends, but if a few non-friended twitter users just happen to find my twits useful, then great!! I am always in need of new friends to exchange trading ideas and post personal life experience.

I have to go now, I'm getting sleepy and I have to post that on twitter! (As if you guys care)

Don't predict the market, react to it.

If predicting was the way to go, why aren't fortune tellers the richest people in the world ?

I don't get sayings such as this... everyone predicts the market in one form or the other.

You say react to the market... okay I get that you see what the market does then make a decision whether to trade correct?

You are therefore although not expressly saying "here is what the market will do" you are implicitly making a prediction everytime you trade... unless of course you are merely flipping a coin and there is no reasoning or analysis involved at all.

And it doesn't hurt to pick up a few clients maybe . Mr. Vostde Arbeitsgruppe!

I'd add one thing to this responce... Fortune tellers are bull shitters.
@OP - Do you really believe that there are people who can see in to the futures of others who they have no knowledge of, or influence on?

Good point Leon .

I guess sayings like these are suppose to make traders feel warm and cozy or something.. idk I find nothing useful in them at all.

I'll bring up another good quote, saying or whatever you want to call it...

"A witty saying proves nothing" Voltaire.

Look up Paul Tudor Jones trader documentary... which is a great watch in and of itself... but pay attention to whether he makes any predictions...

Shh, our little secret!

For somebody to go on CNBC and state that E/U will do this, and gold will do that, and even specify a time frame for the event....ohhhh boy thats BOLD !! We all know that Arabs are bold people, they are natural traders, and very good in math ( some say that Fibonacci learned math from the arabs) but I think Mr Alaidi is pushing his DNA envelope .

When you make a call or state something in national ( or international) TV, it opens a big opportunity for somebody bigger than you, to take the opposite side of your trade.

I never played cards in my life but I believe it is the same as showing your cards to your opponent

Who cares? DNA envelope lol.

Mr Alaidi is again too busy with his seminaries to trade !!

Retail forex is the place where one can find the best of humanity. It looks like that the most generous human beings decided to flock together as forex traders.

Usually when people find something unique, profitable, innovative, they try to keep it for themselves. But at retail forex as soon as somebody "discover" something or get "really good" at something, the first thing they do is to share with everybody else.

Isn't this cute!!!

Retail forex is the only place in the planet where one can have the services of a esoteric guru for a ...errr... a small fee!!

It melts my heart to see people that could be making millions spending their time trying to help newbies get so good to the point to compete against them.

!!

Ok looks like Mr Alaidi is still busy with his seminars. It seems that he is heading towards a motivational speaking carrier and part time trading .

Anyways I'm noticing that he is kind of "not that bold" anymore. He is also kind of "hedging" his comments as most of the wise "gurus" do so.......

I wonder if the market starts to go his way, he will again start to insult followers that disagree with him in his twitter channel.

y waste time , seeing what others do ,
can instead polish ur trading skills by u know ... trading ...

......thats just for fun maheswara, if you read my first post you will see that I find very interesting to watch "gurus" cycles.