The Super Simple System

[cosmiclove]

ok i'll try it since i'm a newbie in trading :)

[hlass]

Just posting another trade using ash's aswesome style of trading. Remember, all methods and indicators due lag a bit, so one must use other things such as pivots, and support and resistance, and many other things, in this trade I took off one of the indicators just to see a different look, and if one were to ask me what was the most important thing that made me pull the trigger for this trade entry, it was the break of ema's and downtrend of pound today.
hlass

[hlass]

hi all,
just showing another trade uisng the great ash method, very easy and methodical, here it is, 51pips on pound:)

[trose]

I am a complete beginner at forex. Can you explain, briefly, the picture attached to your post? Where are the 51 pips coming from? Where/When did you buy/sell?
Where in the forums is the "gret ash method" you mentioned? I am not asking to waste your time with long explanations, just a pointer to the right location in the forums/website so I can read for myself.

Thanks for your time.

[hlass]

:)Go to page 1 of this thread, all rules to the method are there in first post, many of ash's ideas are at forexfactory.com where you can view all of is expertise, also to help since you say you are a newbie, go to babypips.com and you can get a nice basic education for free and get started properly. But in all honesty, after 3 years of trading I htink Ash's material is one of the best and I make good pips and money with it, just by being patient and waiting for the trade to come to me. ALso, entry and exit are the white vertical lines.

[trose]

Thanks for the advice. Will start learning at babypips, and look later at Ash's system on forexfactory.

Thaks for your time. This is a great place to learn.

[hlass]

hi everyone,

lots of news today so I knew it would be choppy at best, made 10pips on euro and kicked out, so tonight on asian I will try for another trade, I like to make 50 pips a day, if possible, but without pushing the issue and thus getting burnt:)

[Prufer]

Yesterday, I started using the Magic Trend indicator in conjunction with Ash's system. I've found it to be a good tool to confirm Ash's trade setups. Important: I don't trade anything when the MT indicator is flat.

In addition, when the indicator moves, I check Ash's system. If the indicators in Ash's system are moving in the same direction as the Magic Trend (even though the color hasn't yet changed), I take the trade. I use the one hour time frame, but checking the lower time frames can help boost confidence in the trade. If the lower time frames aren't in synch with the hour TF, I weigh how much risk I'm willing to take.

So far, I've made 9 trades at 2 lots each and all are profitable, for a total of $340 (170 pips). I sure hope this isn't a flash in the pan. Patience is the BIG key.

The Magic Trend indicator is free:

The Magic Trend Indicator

[Raskolnikov]

Thanks for sharing that Prufer. Care to share what SL & TP you follow?

Cheers

[Prufer]

I tend to set up the SL and TP right away to free me up so I don't have to be right on top of the computer all the time.

Patience is REALLY important. Late this afternoon (I'm US ET), I jumped on a trade right before I had to leave the house on an errand. I didn't fully examine it and lost 30 pips. My previous success made me overconfident and too hasty. I've been trading - and going up and down searching for a constantly reliable method - for two years, and it's still a learning process.

[Prufer]

Sorry, my connection broke during my reply, and I didn't answer you properly the second time I typed it in.

I use 30 pip SL and a 20 or 30 TP, depending on support and resistance that I eyeball.

[Prufer]

Whoops! I should have said I trade 0.2 lots. I have two accounts, one regular, one mini, and the trades I mentioned were in my regular account.

[hlass]

If one follows any of ash's methods, they will not go wrong, chopping and changing what style one uses will only delay success, trust me when I say this, because I went through every method and indicator known to man, at least it seemed that way, use Ash's method and learn how support and resistance work and you wont go wrong.:)

[hlass]

This is a trade I took late last night around1030pm est, did not quite work out the way I wanted, had about 30drawdown which really was bad, as I usually don't go past 10-12 drawdown, did 2 more entries and went down 15 more pips on 2nd entry, finally, stochastic and everything else showed short finally, price was hitting my bolinger bands as well, that is a very good indication, that we would see a short and that is why I stated in my previous post, that one must pay attention to price, and resistance and support in addition to just indicators, in this trade, finally the ema's started to break, so I consider myself lucky with this trade, it could have been a disaster, but I have lost only 2 trades now in past 4 weeks, so I am happy, but must work and study more as I said, this could have been a disaster. I rather be good than to be lucky, but in forex, lucky is nice if it happens but to rely on that is not good, so not that I wil quit using ash's method as it has made me lots and lots of money, but I have to continue to study and figure out my errors in detail on this trade, and that is what I consider the cornerstone of my successful trading, continued studying of my trading techniques and always upgrading the knowledge to my trading, this is my career, I do have an MBA, but this is way more fun, if one treats this as a career they will succeed, on average I trade 8am till noon-the usa session, but sometime I trade a few hours on asian session, 20-25 hours on average of trading and a good 30-40 hours of continued scrolling charts and studying throughout the week and weekend, so 50-65 hours a week, but well worth it, as my returns are very nice, ok enough rambling, just study and one will get to the promised land, patience and preservation.

[hlass]

Hi everyone, another nice week, 5th week using Ash's system, about 420 pips this week, 7-0 record, worst trade as far as drawdwon was the eur/jpy 30 drawdown, but made 181 on it, anyhow, no bragging from this trader, as I have a long way to go, as I want to make more pips per week, so I can either lower my leverage a bit and thus lower my risk and exposure to the market, practice, practice, practice, just keep studying and scrolling to see how things react and how indicators look at certain instances of the day, I can say, the more one scrolls the charts, the quicker the light bulbs come on.:)

[AshFX]

Originally Posted by hlass

practice, practice, practice, just keep studying and scrolling to see how things react and how indicators look at certain instances of the day, I can say, the more one scrolls the charts, the quicker the light bulbs come on.

So true Hlass.

[yosih36]

Originally Posted by Prufer

Yesterday, I started using the Magic Trend indicator in conjunction with Ash's system. I've found it to be a good tool to confirm Ash's trade setups. Important: I don't trade anything when the MT indicator is flat.

In addition, when the indicator moves, I check Ash's system. If the indicators in Ash's system are moving in the same direction as the Magic Trend (even though the color hasn't yet changed), I take the trade. I use the one hour time frame, but checking the lower time frames can help boost confidence in the trade. If the lower time frames aren't in synch with the hour TF, I weigh how much risk I'm willing to take.

So far, I've made 9 trades at 2 lots each and all are profitable, for a total of $340 (170 pips). I sure hope this isn't a flash in the pan. Patience is the BIG key.

The Magic Trend indicator is free:

The Magic Trend Indicator

Thanks for sharing
very nice

[hlass]

Hi everyone,

Had a great start to the week, using Ash's simple method. I used the 1hr chart, which is rare for me, but I did use the 5minute for entry, but I did place the trade on the look of the 1hr chart due to the reversal candle that I highlighted, I got into the trade a little after the close of that reversal like candle, almost a hammer like or doji like candle, the 5m at that time was already coming down, made a full 100 pips, very nice trade, drawdow:)n was 19 pips, still a bit high for my comfort, but it is a work in progress, but I have won 14 of my last 15 trades, so I am progressing with this nice little method and paying attention to support and resistance and price action certainly helps in any traders entries.

[wytco0]

I like this one, nice and simple and a good way to get used to the way the market moves.

Thanks Ash.

[hlass]

hi all,

another nice trade this morning, a little late on entry, but still nice trade for 51 pips on euro

[Alan]

Originally Posted by hlass

hi all,

another nice trade this morning, a little late on entry, but still nice trade for 51 pips on euro

Hi Hlass,

How come in my chart I only have the AO indicator but in yours you have the AC and stoch? How do you add those?

Alan (interested newbie)

[bill77]

Originally Posted by hlass

hi all,

another nice trade this morning, a little late on entry, but still nice trade for 51 pips on euro

hello hlass, you seemed to enter late on this one and the rules say all you have to do is whait for ao to turn green no matter if its above 0 or below. why did you whait?

[hlass]

Alan and Bill,

For adding indicators, go to your navigator on mt4 platform and just attach whatever indicator it is, as for adding indicators, I have ao ac stochastic and ema's, I got up late yesterday and by the time i looked at support and resistance and news and a few other things, I was late, but saw the ema's just starting to spearate, so still a nice chance at pips, ac was already blue and over the zero water line and the ao was green and just going over the water line, technically I should have entered when stoch was starting to climb but I was either just getting up or studying things, remember better to miss a move and look for another instead of jumping in blindly and then wishing you had not, the key to trading is patience, I am still working on it, but I know better now than to just jump in because it looks good, I at least look for s and r and check out all timeframes to just see where we are in trend and all, and I do that on the 4 or so pairs that I like to trade which is mostly euro pound ej and gj-----------hope this all helps, ask as many questions as need be, I try to help and give back as many before me have helped me.

[hlass]

Hi,

A quick scalp this afternoon, a couple hours ago for 32 pips a little late on ema's but a little early on also, depending how you look at it, either way, 32 pips in slow afternoon trading that had a bit of mvmt today, any questions just ask.

[King Pips]

Originally Posted by hlass

Hi,

A quick scalp this afternoon, a couple hours ago for 32 pips a little late on ema's but a little early on also, depending how you look at it, either way, 32 pips in slow afternoon trading that had a bit of mvmt today, any questions just ask.

I see in the chart you have a EA that you use. Which one is it, and can you post it. Thanks

[cencored]

I am using that system on a H1 chart, it filters out the noise and usually the trends are real trends. Even more so on the H4 but I still need to test it.
There are so many signals during the day with each trade having about a 80% probability when combined with indicators such as RSI and even Magic Trend seems to work quite nicely to mark out the trends.

Then just just S&R knowledge and a bit of Fib levels to project potential S&R as well as profit targets and you are sweet :)
Will post results after a week of testing or so.

[hlass]

Hi,

I us eonly Ash's method, nothing else, no EA and never have used an EA, just stochastic and ema's 7 and 14 and ao and ac as that is plenty to get one in proper trade all day, just using my 4 pairs I could make many pips if I want to every day, but instead just trade 8am till noon est time in USA session and sometime hour here and an hour there, but thats it, and certainly no EA, ever, just do everything manually as this is my fulltime job, if one wants to call it that-lol

[delirio4]

Hi,you are charismatic; can you explain what is your strategy when the trade is profitable but doesn't hit the target price .
Thanks very much:)

[hlass]

Many times I get out of a trade if momentum of price starts to slow down, granted many indicators can tell us it is time to get out, but they lag and so we lose pips that way, I always set for 50pips as target, but most of my trades are in morning from 8-12am est in USA session, and with volume and volatility, I usually get my 50 pips target and get out, if everything is looking good and support or resistance depending if I am long or short is far enough away it is a judgement call to decide to stay in or possibly take off half at 50 and hold other half, but I rather make my pips 50 pips and my money, and I can always get back in on another good signal, but one can not do anyhting but kick themselves if they have 50 pips and then not taking some or all out and then they are up only 20 or 30 a few minutes later, most of this judgement to exit or how to exit just comes with more and more trades being taken, and I have taken plenty over 3 years, many people get greedy too, one can make a nice living on 50 pips a day.

[hlass]

Hi everyone,

Sorry I have not posted this week, been on a little vacation time with family and actually enjoying it this time, as I have brought puter with me, but only placed one trade on gbp/jpy, have not had time to make the pic and post it, but it went for over 310pips, took half out at 150 pips and other half at 310 pips, since I did not quite have time to monitor it as much as I wanted to, as I used the 1hr chart to enter it yesterday the 13th when the ema's separated downwards, actually very nice and easy signal, now g/j doing a retrace with a nice signal but I just dont have time as I am actually enjoying vacation this time, till next time.:)

[cencored]

It would be great to have a dashboard for when the MA's cross. So you can see it all on one page. That would be awesome!! :)

[cencored]

Originally Posted by hlass

hi all,

another nice trade this morning, a little late on entry, but still nice trade for 51 pips on euro

Hi Hlass, just trying to understand your method:
Why do you enter trades that are in the overbought zone (Stoch)?
Also in some of your charts you enter before the EMA's have actually crossed. What do you base your entry on if not on the EMA crossing?
Just interested, would appreciate a reply.
Thanks

[larry]

the simple system does work good.

[Pauli79]

Hi Guys..as I am total newbie here can anyone tell me if Ash's system has been modified from the first page of the thread in any way.Any help is appreciated and thanks in anticipation!!!I will also read the whole thread at some point!

[hlass]

Hi,

Yes in one of my trades, or maybe a few, I might have been late, but I explained I either got up late, or whatever the reason, but I still saw that the move was good for nice pips and got it, remember that trading is more than just a signal, news, resistance and support come into play and also sentiment in the market, there are so many things as traders advance that come into trading and entering or standig aside, I do let trades go thathafve a signal to get in because I don't feel right about the trade, as for the system, it does work, and it has not been modified, it is just study, for anyone to be successful, please just scroll your charts and see what and how the indicators react when the ema's are close to crossing and when they actually do cross, after doing this for a bit, one will get the jist of the idea as to when to enter into trades.:)

[Forex37]

Originally Posted by cencored

It would be great to have a dashboard for when the MA's cross. So you can see it all on one page. That would be awesome!! :)

Maybe lrathi could ask the big SwingMeister to come produce one swiftly (maybe by downsizing from his pipnailer/ozfx dashboards).

Regards

Forex37

[lrathi]

Originally Posted by Forex37

Maybe lrathi could ask the big SwingMeister to come produce one swiftly (maybe by downsizing from his pipnailer/ozfx dashboards).

Regards

Forex37

Try this new one from swingman. Please use FF forum for discussion if you do.

http://www.forexfactory.com/showthread.php?t=166646

[cencored]

May I add something to this brilliant system:
The method is called dual timeframe.
I only take a signal on the hourly IF the stoch of the daily points in the same direction as the stoch on the hourly and is not OB/OS. This is a very powerful technique and I learned it from a book and apply it wherever possible.
Try it and you will see your rate of success will increase.

[Macedonia]

is the AO nesesary? can anyone show where a crossing has ocured but the ao does'nt agree. its just i can't find use for ao on this system. the ao always changes before ma crosses.

[cencored]

I find this system to be very effective on a daily as well. Has anybody made some experience on the daily with it? Ash have you tried it yourself? It calls for a lot more pips than the hourly, so you need wider T/p and S/l. Something like 100pip/100pip.
what are your thoughts?