AshFX Special Signal - October 2009

[AshFX]

Please find October's Special Signal attached.

[AshFX]

Just to clarify guys, once the first TP is hit, then close half your position, and move to your SL to BE.

[flover]

Wish to know you sooner than this :(
Thank you

[aharon.amir]

Looking good now at 1.5295

[Webster]

Originally Posted by AshFX

Just to clarify guys, once the first TP is hit, then close half your position, and move to your SL to BE.

I been scalping this pair back and forth today. Is this special trade alert based on the Ash V2 dailey system?

My chart doesn't indicate long on the EC. Curious.

Webster
E$P$

[buffer]

Hi Ash,

don't know if i am the right track here but just wanted to know what you thought in connection with the Eu/Cad trade you e mailed out last night which i entered and thank you for that, its looking good so far

I usually look at correlation with my pairs so if we are long Eur/Cad we should be looking at eu/us and us/cad e.g

if eu/us trend is up = dollar weak and eur strong
if us/cad trend is up = cad weak and dollar strong

which means for the eur/cad that if the eur is strong as above and the cad is weak then that is perfect

But

i also look at the USDX (us dollar index and if that is down then US/cad should go down whcih = us/cad down and eu/us should be up which =

cad strong and eu strong which negates the eu/cad trade as it should flat line

is this right and what is your take on correlation and if it is worth looking a t especially with a pair like the EU/Cad which is not really a major

Your thoughts would be appreciated

Paul

[Webster]

Originally Posted by buffer

Hi Ash,

don't know if i am the right track here but just wanted to know what you thought in connection with the Eu/Cad trade you e mailed out last night which i entered and thank you for that, its looking good so far

I usually look at correlation with my pairs so if we are long Eur/Cad we should be looking at eu/us and us/cad e.g

if eu/us trend is up = dollar weak and eur strong
if us/cad trend is up = cad weak and dollar strong

which means for the eur/cad that if the eur is strong as above and the cad is weak then that is perfect

But

i also look at the USDX (us dollar index and if that is down then US/cad should go down whcih = us/cad down and eu/us should be up which =

cad strong and eu strong which negates the eu/cad trade as it should flat line

is this right and what is your take on correlation and if it is worth looking a t especially with a pair like the EU/Cad which is not really a major

Your thoughts would be appreciated

Paul

Hi Buffer,

I don't know anything about these guys except they presented at todays
Forex Sunmmit.

http://corrfxgroup.com/The_Strategy.html

Webster
E$P$

[buffer]

Originally Posted by Webster

Hi Buffer,

I don't know anything about these guys except they presented at todays
Forex Sunmmit.

http://corrfxgroup.com/The_Strategy.html

Webster
E$P$

Thanks Webster, looks interesting but want money and i do know about 75% of corrleation

By the way what was today's forex summit?

paul

[AshFX]

Originally Posted by Webster

I been scalping this pair back and forth today. Is this special trade alert based on the Ash V2 dailey system?

My chart doesn't indicate long on the EC. Curious.

Webster
E$P$

Nope, it's not based on the AshFX System

[AshFX]

Originally Posted by buffer

Hi Ash,

don't know if i am the right track here but just wanted to know what you thought in connection with the Eu/Cad trade you e mailed out last night which i entered and thank you for that, its looking good so far

I usually look at correlation with my pairs so if we are long Eur/Cad we should be looking at eu/us and us/cad e.g

if eu/us trend is up = dollar weak and eur strong
if us/cad trend is up = cad weak and dollar strong

which means for the eur/cad that if the eur is strong as above and the cad is weak then that is perfect

But

i also look at the USDX (us dollar index and if that is down then US/cad should go down whcih = us/cad down and eu/us should be up which =

cad strong and eu strong which negates the eu/cad trade as it should flat line

is this right and what is your take on correlation and if it is worth looking a t especially with a pair like the EU/Cad which is not really a major

Your thoughts would be appreciated

Paul

Yeah looking at correlation can be useful, but in this case I didn't even look at that.

[Ezzy]

Hi Ash

Sounds like most are intrigued by the way that you come up with these signals :rolleyes:

Cheers for the signal mate :D
I missed your last signal, I believe it was a ripper!!

Anyway, thanks again.
Ezzy

[roberr]

i think you can still jump in right now we are at 1.5306 wait for pull back and you are in :)

[AshFX]

Originally Posted by roberr

i think you can still jump in right now we are at 1.5306 wait for pull back and you are in

Hope you got in mate.

[AshFX]

Ok, price has just reached 1.5430, close half your position now and move Stop Loss to Break Even. So your new SL should be at 1.5285.

Ride this out till 1.5550.

[frito]

Originally Posted by AshFX

Ok, price has just reached 1.5430, close half your position now and move Stop Loss to Break Even. So your new SL should be at 1.5285.

Ride this out till 1.5550.

sweet ride, we didnt have to wait too long... :D

[dual-c]

but definitely a great call Ash. What was your secret calling this? ;)

I promise not to tell.... lol

thx for the call....

dual-c

[AshFX]

Yeah some of the calls can happen pretty quick, others can take longer. But generally they'll take a few days to materialise as I mentioned here:

http://forexmoments.com/forums/forex....html#post5545

[Ezzy]

Sweet trade Ash, many thanks!!

Ezzy

[MykeFX]

Thanks Ash! I am learning patience... so tempting to close the rest now! I will wait it out tho.

Cheers,

Mike.

[moondog]

Originally Posted by AshFX

Ok, price has just reached 1.5430, close half your position now and move Stop Loss to Break Even. So your new SL should be at 1.5285.

Ride this out till 1.5550.

Ash, Thanks for the brilliant signal.
Nice one to end the week on.
Have a good w/e.

Moondog

[AshFX]

Originally Posted by AshFX

Ok, price has just reached 1.5430, close half your position now and move Stop Loss to Break Even. So your new SL should be at 1.5285.

Ride this out till 1.5550.

OK everyone, price reached 1.5550 a couple of minutes ago, you should have closed everything for a total of 145pips (TP1) plus 265pips (TP2) = 410pips. We then divide this by two (because TP1 and TP2 were each half lots of course)...

...to give us a total around of 200pips profit. Not a bad gain for just a 50 pip risk eh.

[roberr]

This was perfect signal.
Thank you Ash

[moondog]

Originally Posted by AshFX

OK everyone, price reached 1.5550 a couple of minutes ago, you should have closed everything for a total of 145pips (TP1) plus 265pips (TP2) = 410pips. We then divide this by two (because TP1 and TP2 were each half lots of course)...

...to give us a total around of 200pips profit. Not a bad gain for just a 50 pip risk eh.

Great signal Ash ...
Trade closed with military precision at 15h07.
Many thanks
Moondog

[MykeFX]

Originally Posted by AshFX

OK everyone, price reached 1.5550 a couple of minutes ago, you should have closed everything for a total of 145pips (TP1) plus 265pips (TP2) = 410pips. We then divide this by two (because TP1 and TP2 were each half lots of course)...

...to give us a total around of 200pips profit. Not a bad gain for just a 50 pip risk eh.

Very Nice!!! :)

[dolphin]

Originally Posted by AshFX

OK everyone, price reached 1.5550 a couple of minutes ago, you should have closed everything for a total of 145pips (TP1) plus 265pips (TP2) = 410pips. We then divide this by two (because TP1 and TP2 were each half lots of course)...

...to give us a total around of 200pips profit. Not a bad gain for just a 50 pip risk eh.

Just to say thanks.

[dual-c]

You have anymore of those? :D

Thanks Mr. Ash...

dual-c

[buffer]

Originally Posted by AshFX

OK everyone, price reached 1.5550 a couple of minutes ago, you should have closed everything for a total of 145pips (TP1) plus 265pips (TP2) = 410pips. We then divide this by two (because TP1 and TP2 were each half lots of course)...

...to give us a total around of 200pips profit. Not a bad gain for just a 50 pip risk eh.

Hi Ash,

Again thanks for the tip, good 200 pips in the bank there, you're a hero.

when you say divide the pips because they were half lots, would you do this if you were spread betting, i placed a £1 per pip trade on this and then banked at 50p at TP1 and then closed out trade at TP2, would i then have to divide my pip count as well if on spread betting.
this lots business does confuse me and wondering if you can give some direction or info you could point me to, i think spread betting is different to lots.

Thanks
Paul

[AshFX]

Originally Posted by buffer

Hi Ash,

when you say divide the pips because they were half lots, would you do this if you were spread betting

Yes, you would do the same. It doesn't matter whether you are spread-betting or not.

Originally Posted by buffer

i placed a £1 per pip trade on this and then banked at 50p at TP1 and then closed out trade at TP2

What you did was correct.

Originally Posted by buffer

would i then have to divide my pip count as well if on spread betting.

Yep, you would still have to half it, so in total from 2 half lots you made over 400 pips, which means a 200pip total.

So just to confirm, you made £200 in real money terms, right? That's how much you should have made.

[buffer]

Originally Posted by AshFX

Yes, you would do the same. It doesn't matter whether you are spread-betting or not.




What you did was correct.



Yep, you would still have to half it, so in total from 2 half lots you made over 400 pips, which means a 200pip total.

So just to confirm, you made £200 in real money terms, right? That's how much you should have made.

Ash,

Yes correct and thanks for pointing me in the right direction

i now know what to do when calculating pips next time but why do you have to half the pips when you bank pips and money at first t/p and then close at 2nd t/p.

so if you had 3 t/p's and you banked 150 pips at first t/p
then banked another 100 pips at tp2
and then closed trade with another50 pips then that would be a total of 150 pips (150 + 100 + 50 = 300 div by 2 = 150) is that right

also if you had 3 t/ps and you banked 150 pips at tp1
then banked 100 at tp2
but then lost 50 pips at stop loss, would that work out at

150 + 100 - 50 = 200 dived by 2 = 100

sorry for the maths lesson but not good at this

Paul

[AshFX]

Originally Posted by buffer

why do you have to half the pips when you bank pips and money at first t/p and then close at 2nd t/p.

Well think about it, if you closed the whole trade at the first TP, it means you wouldn't have any trade open (to reach the next TP). So that's why you half the pips, because we close half the trade.

Originally Posted by buffer

so if you had 3 t/p's and you banked 150 pips at first t/p
then banked another 100 pips at tp2
and then closed trade with another50 pips then that would be a total of 150 pips (150 + 100 + 50 = 300 div by 2 = 150) is that right

No, in this case you wouldn't half the pips, rather you would one-third the pips. So in total you'd have (150 + 100 + 50 = 300, then / 3 = 100). This is assuming at each TP you close a third of your position.

[buffer]

Originally Posted by AshFX

Well think about it, if you closed the whole trade at the first TP, it means you wouldn't have any trade open (to reach the next TP). So that's why you half the pips, because we close half the trade.




No, in this case you wouldn't half the pips, rather you would one-third the pips. So in total you'd have (150 + 100 + 50 = 300, then / 3 = 100). This is assuming at each TP you close a third of your position.

THANKS ASH,

where could i get more info on this as i need to understand it more

paul

[AshFX]

Originally Posted by buffer

THANKS ASH,

where could i get more info on this as i need to understand it more

paul

I'm not sure to be honest. I guess it's just one of those things that will "click" when you continue to trade forex and obtain experience. My advice would be to start to understand the concept of lots. Download MT4 and demo trade it for a few weeks, you'll get the hang of it.