The AshFX System - Version II

[Ezzy]

Originally Posted by rewing

Anyone like today's daily signal for EUR/AUD? The upper wick is kinda long, and the H4 TF is bearish....It is bouncing off of a low of about 1.6080 and seems due for a rise.
Ron

Anyone taking this trade??

[roberr]

I'm not an expert but I will stay on the side. AUD/USD is close to the fresh high that's why there is still space on EUR/AUD to go down.
but this is only my thought

[Ezzy]

Interesting point roberr, and you are probably correct. However in my opinion, it seems that this area has been a significant area of support/resistance historically for the AUS/USD.

Cheers
Ezzy

[inemesit]

Originally Posted by roberr

I'm not an expert but I will stay on the side. AUD/USD is close to the fresh high that's why there is still space on EUR/AUD to go down.
but this is only my thought

Helloooooo is every one staying aside? Nothing happening here. Is everybody out ofthe mkt? Please keep the discussion going. Talk about the mkt

[AshFX]

Inemesit there haven't been any decent trading opportunities in the past few days really. October's been kind of slow. We'll see what November brings.

[SteveHopwood]

Latest version of my trading robot to be found at http://forexmoments.com/forums/syste....html#post5731

This contains essential fixes for anyone using stops rather than hedging.

:)

[inemesit]

Originally Posted by AshFX

Inemesit there haven't been any decent trading opportunities in the past few days really. October's been kind of slow. We'll see what November brings.

Hi Ash I am looking forward to your next signal call because that will be my first trade. I have been reading and following your tread and system I now have to experience it. I hope the next set up is low risk. Thank you for what you do.

[AshFX]

Originally Posted by inemesit

Hi Ash I am looking forward to your next signal call because that will be my first trade. I have been reading and following your tread and system I now have to experience it. I hope the next set up is low risk. Thank you for what you do.

My signals are once a month, as explained here:

http://www.forexmoments.com/freesignals.php

They've got nothing to do with this system.

[Sheumais]

Maybe the sharp drop in the GBP will shake something out.

[swissforex]

Originally Posted by AshFX

Inemesit there haven't been any decent trading opportunities in the past few days really. October's been kind of slow. We'll see what November brings.

Hello AshFx
this is my first post here
First of all :thanx for your great work,tou are the man

just 2 questions:

on MT4 how could I set 1,2,3 different lots exit? I can't find the way..

what about old idea of YOURS daily signals for your system on this thread?Is it too time consuming for you?

thanx again,keep on the good working

[buffer]

Originally Posted by Sheumais

Maybe the sharp drop in the GBP will shake something out.

Hi,

For me now the usd is going to come back up, the GBP is going to drop and the EUR/GBP is going to rise

just my thoughts and dont take as read

Paul

[emmy4000]

Ash once again thanks for your wonderful system please kindly advice traders with others indicators to kindly post them on the complementary version

[AshFX]

Originally Posted by swissforex

Hello AshFx
this is my first post here
First of all :thanx for your great work,tou are the man

just 2 questions:

on MT4 how could I set 1,2,3 different lots exit? I can't find the way..

what about old idea of YOURS daily signals for your system on this thread?Is it too time consuming for you?

thanx again,keep on the good working

To close partial lots in MT4, for example you have bought 1 lot, and now you want to close half of the lot, then all you do is right-click on your trade, click "close order", then change the lot size to half, (0.5), and then click on close at the bottom.

[andybob0001]

As far as I can see got some potentials lining up on EUR/USD, USD/CHF, AUD/USD & NZD/USD would be good to hear some thoughts and ideas for reasons for taking or not taking these trades (at close of play today). Anyone got any comments? or anything else they can see lining up??

[MykeFX]

Originally Posted by andybob0001

As far as I can see got some potentials lining up on EUR/USD, USD/CHF, AUD/USD & NZD/USD would be good to hear some thoughts and ideas for reasons for taking or not taking these trades (at close of play today). Anyone got any comments? or anything else they can see lining up??

The AUD/USD looks like the best one. The EUR/USD's and the USD/CHF candles are too long. The NZD/USD just doesn't look good, stochs are choppy, the price action has been choppy as well for a long time, the last 5 sell signals have reversed pretty quickly. Lets see what Ash thinks. :)

[Sheumais]

The EUR/USD has a massive Gartley W confirming a short position and it's been in place for a day or two now. It's the only one confirmed by Gartley, but it is a long candle.

[AshFX]

Ok, so today we have 4 setups on the AshFX V2 System:

- SELL EUR/USD
- SELL AUD/USD
- SELL NZD/USD
- BUY USD/CHF

For the EUR/USD, the candle is too long, plus it's basically just bounced off the 38.2 Fib line, so a bit of a risky setup.

The AUD/USD looks like a good setup, the candle isn't too long, the Stochs look smooth, and the upper wick is longer than the lower wick. I'll be entering this.

The NZD/USD looks OK, not as good as the AUD/USD, but still worthwhile taking it in my opinion. Upper wick is longer than lower wick - good bearish sign.

The USD/CHF would have been a good setup had it not been for the long candle!

[andybob0001]

Hi Ash,

Quick question, sorry if this is an easy one but how come on your attached charts a new candle stick has formed when on mine it won't form until 11.00pm?

Many thanks if you can help and for your tradings suggestions.

[swissforex]

Originally Posted by AshFX

Ok, so today we have 4 setups on the AshFX V2 System:

- SELL EUR/USD
- SELL AUD/USD
- SELL NZD/USD
- BUY USD/CHF

For the EUR/USD, the candle is too long, plus it's basically just bounced off the 38.2 Fib line, so a bit of a risky setup.

The AUD/USD looks like a good setup, the candle isn't too long, the Stochs look smooth, and the upper wick is longer than the lower wick. I'll be entering this.

The NZD/USD looks OK, not as good as the AUD/USD, but still worthwhile taking it in my opinion. Upper wick is longer than lower wick - good bearish sign.

The USD/CHF would have been a good setup had it not been for the long candle!

Hello AshFx

thanx for your posting

I've been studying your system today,I've checked out some technical outlook from actionforex.com,then I've entered by myself the following positions,BEFORE seeing your post:

USDCHF LONG 1.0185 S\L 1.0074 T\P 1.0185
EURUSD SELL 1.4874 S\L 1.5052 T\P 1.4683
AUDUSD SELL 0.9156 S\L TO SET AND T\P NOT FIXED YET
NZDUSD SELL 0.7461 S\L TO SET

I'm not a newbie,and I'm not a gambler

Some risks on the first two trades,wish me luck!

(even if we both know Forex has nothing to do with luck)


whoops! I did it again...

[swissforex]

Originally Posted by AshFX

To close partial lots in MT4, for example you have bought 1 lot, and now you want to close half of the lot, then all you do is right-click on your trade, click "close order", then change the lot size to half, (0.5), and then click on close at the bottom.

great explanation;)

thank u so much!

sorry I haven't found this forum before ,wasting my time with useless trading systems

[AshFX]

Originally Posted by andybob0001

Hi Ash,

Quick question, sorry if this is an easy one but how come on your attached charts a new candle stick has formed when on mine it won't form until 11.00pm?

Many thanks if you can help and for your tradings suggestions.

Hmmm, are you using FXDD Demo?

[aharon.amir]

Originally Posted by AshFX

Ok, so today we have 4 setups on the AshFX V2 System:

- SELL EUR/USD
- SELL AUD/USD
- SELL NZD/USD
- BUY USD/CHF

For the EUR/USD, the candle is too long, plus it's basically just bounced off the 38.2 Fib line, so a bit of a risky setup.

The AUD/USD looks like a good setup, the candle isn't too long, the Stochs look smooth, and the upper wick is longer than the lower wick. I'll be entering this.

The NZD/USD looks OK, not as good as the AUD/USD, but still worthwhile taking it in my opinion. Upper wick is longer than lower wick - good bearish sign.

The USD/CHF would have been a good setup had it not been for the long candle!

Thanks Ash,
I'll take the AUD/USD, looks the best of all 4 setups.

[andybob0001]

Originally Posted by AshFX

Hmmm, are you using FXDD Demo?

I'm using alpari UK live account, if that helps.

[roberr]

Hi Ash,
Where you will put SL and TP on AUD/USD ?
SL on the candle before or on 0.9327 and what about profit ?

Thank you

[usama1]

[QUOTE=roberr;5781]Hi Ash,
Where you will put SL and TP on AUD/USD ?
SL on the candle before or on 0.9327 and what about profit ?

According to the system this is your exit:
If the day, or any consequent day, has closed in your direction (i.e. you’re in profit at the end of any given
day), then close half your position & move SL to break even. Close the other half once either the AO or
PSAR turns the opposite colour/direction. Only exit at the candle close.

[swissforex]

Hi guys

about one of my four trades(see my yesterday post)..

on NZDUSD stop loss hitten:o
maybe I've set up too thight my s\l

I guess it's my fault,but I'd like to know your opinion

my S\L was 0.7501,so it was my mistake!

BUT this is my question:

S\L LEVEL should have been set to the opening price of the first bearish candle or above the little shadow of that candle??
thanx

[MykeFX]

Originally Posted by swissforex

Hi guys

about one of my four trades(see my yesterday post)..

on NZDUSD stop loss hitten:o
maybe I've set up too thight my s\l

I guess it's my fault,but I'd like to know your opinion

my S\L was 0.7501,so it was my mistake!

BUT this is my question:

S\L LEVEL should have been set to the opening price of the first bearish candle or above the little shadow of that candle??
thanx

According to the rules I believe the SL should be above the previous high, or about .7640 area.

Cheers,
MIke.

[swissforex]

HI

what do u think about EURJPY DAILY CHART?

is it a potential entry signal?
AO indicator does not match,but Stochastic is very well shaped
should we ignore AO indicator?

[usama1]

Originally Posted by swissforex

HI

what do u think about EURJPY DAILY CHART?

is it a potential entry signal?
AO indicator does not match,but Stochastic is very well shaped
should we ignore AO indicator?

If you are following Ash system do not ignore AO colour

[roberr]

It looks like there is good setup on AUD/JPY

[Sheumais]

Looks good to me

[AshFX]

Ok people,

There was a SELL signal on AUD/JPY today. Despite the fact that both the upper and lower wicks are equally as long as each other (which indicates indecision), it still looks like a decent setup to enter, (primarily due to the smooth Stochs, and helped by the similarities shown in the AUD/USD short).

[AshFX]

Originally Posted by andybob0001

I'm using alpari UK live account, if that helps.

My advice is to use FXDD Demo for your signals and then enter your live trades in Alpari.

[AshFX]

[QUOTE=usama1;5787]

Originally Posted by roberr

Hi Ash,
Where you will put SL and TP on AUD/USD ?
SL on the candle before or on 0.9327 and what about profit ?

According to the system this is your exit:
If the day, or any consequent day, has closed in your direction (i.e. you’re in profit at the end of any given
day), then close half your position & move SL to break even. Close the other half once either the AO or
PSAR turns the opposite colour/direction. Only exit at the candle close.

Heh, there's your answer Roberr.

[AshFX]

Originally Posted by MykeFX

According to the rules I believe the SL should be above the previous high, or about .7640 area.

Cheers,
MIke.

Mike is right.

Swiss, you should have set your SL at the swing high, as is stated in the official rules in the PDF. You wouldn't have been stopped out, and you would be in guaranteed profit by now.

Don't worry about it, we all make mistakes. It's how everyone learns - experience.

[Ezzy]

Originally Posted by AshFX

Ok, so today we have 4 setups on the AshFX V2 System:

- SELL EUR/USD
- SELL AUD/USD
- SELL NZD/USD
- BUY USD/CHF

For the EUR/USD, the candle is too long, plus it's basically just bounced off the 38.2 Fib line, so a bit of a risky setup.

The AUD/USD looks like a good setup, the candle isn't too long, the Stochs look smooth, and the upper wick is longer than the lower wick. I'll be entering this.

The NZD/USD looks OK, not as good as the AUD/USD, but still worthwhile taking it in my opinion. Upper wick is longer than lower wick - good bearish sign.

The USD/CHF would have been a good setup had it not been for the long candle!

Hi Ash

Nice signals, all in profit I think. I only took Aus and Eur (after the pullback) and both doing very nicely.

I got to admit it, as far as any trading system goes, particularly longer time frames trades, this system has to be very close to best.

So far in my short trading life, I have not been able to make profits on short time frames trading, as a matter of fact I keep losing. However, I make profit on this system.

So, have decided to only trade long time frames (it makes sense in my mind).

Sorry about the rant Ash...lol....and once again thanks for the system (free) and education (also free)!!

Cheers mate
Ezzy

[agent0711]

Hi Ash, what are the pairs you trade for this system? Thanks!

[AlanT58]

hello again people,

well im in heaven at the moment.:D
of the signals we received this week i only took the 2 above

aud/usd short
got in late on the candle following the signal and ended up going short @ .91481, set my SL @ the weekly pivot instead of the swing high because i was thinking that this might be just a correction from the up trend and not a trend reversal. i didnt want to find out the hard way by throwing away pips.
i set the TP @ the weekly S1 again thinking this wasnt going far and i might as well get what i can and get out before it bounced off the support and turned north again.
got home from work to find the TP was hit and banked 33 pips. which with hindsight shows i left a lot on the table.:rolleyes:

aud/jpy short
got in on the open of the next candle after the signal @ 84.097 and set my SL @ the swing high which wasnt far away. didnt place a TP (dont know why) and got home from work to find the trade up 220 pips. so i quickly moved SL to +170 pips then added a TS of 35 pips made a coffee and watched as it went to +270 pips (and wondering whats goin on). then it came to an end when it retaced a little and hit the TS for a profit of 248 pips in the bank. :eek:
so thats made my day after a dry spell lately with ASH's system.

and the eurcad tippoff that ASH gave us was a dead set beauty.
thanks ASH for that one
i got in @ 1.53120 and chickened out @ 1.53944. banking 82 pips. but as i see it at the moment i left a whopping 500+ behind.
oh well i hope some of you are still riding that one.:cool:

anyway again i gotta thank ASH and the rest of the crowd for the help and advice ive picked up here.;)

cheers from sunny brisbane
al

[Sheumais]

If you have a look at page 26 of this thread, Swingman very kindly offered a dashboard you can add to MT4 which will summarise the standing of 19 pairs and alert you to potential trades on 3 timeframes. I set it up this morning and it's very helpful. If you're out there Swingman, thanks.

Since first posted this, I've found a more recent version, v5.

[usama1]

This looks a nice setup
sell GBPJPY
who is in?