The AshFX System - Version II

[rewing]

Originally Posted by lrathi

I was not on my computer at candle open but the arrow is there now.

My AO & AC are both red..My candle does not show an entry arrow...I used FXDD as suggested...
Does not appear to be a trade signal...
Confused

[King Pips]

Originally Posted by rewing

My AO & AC are both red..My candle does not show an entry arrow...I used FXDD as suggested...
Does not appear to be a trade signal...
Confused

Yes I have the same. I have the EA on a Demo and that did not go in, it must be the Candle it close at top with no body.

[yen44x]

Originally Posted by rewing

My AO & AC are both red..My candle does not show an entry arrow...I used FXDD as suggested...
Does not appear to be a trade signal...
Confused

What's confusing me is we both use FXDD, and you're showing a green candle and I ended the day with a red candle. :confused:

In any case, on my chart there was only a 2-pip difference between open and close, so that may be another reason Ash didn't see it as a trade signal. Anyway, I took the trade, so I'll hope for the best now.

[yen44x]

Originally Posted by Egwig

What is this 'Wong' business all about?

Egwig

:confused: ??? :confused:

[123mcmc]

Ash,

123mc here. Trying to steal moments here & there to continue my education. I was wondering, would it be possible for you to start a thread on the education forum to discuss the reasoning behind your trade calls? I have been looking at my charts for the last call to see if I can figure it out (forensic trading?). What you've done is great and I hesitate to ask for more, but my curiosity has got the best of me.

I seem to be more and more convinced that breakouts & higher time frames are the ticket. Is it realistic for someone with a limited initial account size (say, $2500 usd) to absorb the inherent drawdowns that go with longer time frames? Would would a hedging strategy be essential?

Too many questions for one post.

Thanks again.

I know enough to limit each trde to a small percentage of my account. Would you recommend risking only a certain percentage of an account for all trades open at one time?

[dolphin]

Almost 8 days holding this short. Lets see what happens next week. Im testing how patient I am. Lets enjoy our weeend.

[100877jamie]

such a newbie
just found this thread and method

please help

exit - initail stop loss is swing high for short trades and swing low for long trades?

what does this mean?
kind regards
jamie

[yen44x]

Originally Posted by 100877jamie

such a newbie
just found this thread and method

please help

exit - initail stop loss is swing high for short trades and swing low for long trades?

what does this mean?
kind regards
jamie

Jamie,

Check the attached screenshots for the definitions.

For future reference, a lot of the basic terms in trading can easily be found on Google. ;)

[AshFX]

Originally Posted by 123mcmc

Ash,

123mc here. Trying to steal moments here & there to continue my education. I was wondering, would it be possible for you to start a thread on the education forum to discuss the reasoning behind your trade calls? I have been looking at my charts for the last call to see if I can figure it out (forensic trading?). What you've done is great and I hesitate to ask for more, but my curiosity has got the best of me.

I seem to be more and more convinced that breakouts & higher time frames are the ticket. Is it realistic for someone with a limited initial account size (say, $2500 usd) to absorb the inherent drawdowns that go with longer time frames? Would would a hedging strategy be essential?

Too many questions for one post.

Thanks again.

I know enough to limit each trde to a small percentage of my account. Would you recommend risking only a certain percentage of an account for all trades open at one time?

Hi 123mcmc,

I prefer to keep my explanations on this thread. I usually do explain, but if you're still not sure, please ask me on this thread and I will be more than happy to explain.

$2500 is totally fine to trade longer timeframes. In fact, it doesn't matter one single bit however much you have in your account, AS LONG AS you practice money management. Personally, I don't usually trade more than 0.5% to 1% per trade. As for multiple positions, I usually don't go over 5% risk in total. So even if ALL trades go bad at the same time (which is highly unlikely), the most I will lose is 5%. Not nice, but not disasterous either.

Everyone has their own comfort level of course.

[AshFX]

Originally Posted by King Pips

Why didn't the AUD/CAD Signal a AshFx to sell? I wasn't on the computer at the candle open.

My AUD/CAD candle was actually a green doji! (By 1 pip).

For those who entered, lucky pips!

[echnat0n]

Originally Posted by AshFX

My AUD/CAD candle was actually a green doji! (By 1 pip).

For those who entered, lucky pips!

To bad that i missed it.

[NTL]

Quick question; is this V2 system the upgraded version of "The AshFX Daily System Version 1"? I'm starting out right now with learning it, just wanted to know if I should skip the Version 1 and go straight to the Version 2?--or if these are 2 different systems?--or if there is information to be learned in version 1 before starting version 2?

Thanks!

[costard]

Originally Posted by AshFX

My AUD/CAD candle was actually a green doji! (By 1 pip).

For those who entered, lucky pips!

Strange, Ash. Mine too was a red doji by 2 pips. But maybe the difference is I use FXDD-MT4 Demo Server to monitor and trade elsewhere.

[MykeFX]

Originally Posted by dolphin

Almost 8 days holding this short. Lets see what happens next week. Im testing how patient I am. Lets enjoy our weeend.

This pair is also now an Ash II signal... I took the earlier trade also, moved my stop to BE and will open an additional trade at the Sunday Asian open.

Cheers :)

[Timf1979]

Originally Posted by NTL

Quick question; is this V2 system the upgraded version of "The AshFX Daily System Version 1"? I'm starting out right now with learning it, just wanted to know if I should skip the Version 1 and go straight to the Version 2?--or if these are 2 different systems?--or if there is information to be learned in version 1 before starting version 2?

Thanks!

As far as i know you can go straight to the V2! v2 is a more refined version from the original AshFx system.
BTW welcome aboard

[NTL]

OK, great. Thanks for the reply...and for the warm welcome!

(I also entered the AUDNZD over a week ago, within an hour of the signal being posted. Does Ash give a signal every 2 weeks or so faithfully?)

[Emman95]

Originally Posted by AshFX

Relatively speaking, the system's drawdowns are actually manageable, because what's imperative, is to look at it's risk/reward ratio.

If a system's average reward is larger than the average risk as is the case here, then drawdowns shouldn't really be a problem.

So for example, maybe you might have a 200pip drawdown, but if the profit is 300pips, then really, the drawdown isn't actually "huge". A scalping system that has 10pip SL and 2pip TP has huge drawdowns, relatively speaking.

There is a way i think the drawdown can be greatly minimized: This is by applying your entry rules on daily TF to 1. determine the direction of the market (be it Buy or Sell) but not to enter yet. 2. Go down to smaller TFs e.g. 5 or 15mins to effect the trades ONLY when in favour of the determined direction from Daily TF. In this manner we are trading only in the direction of the trend and we are making pips in bits.

[lianwk]

Hi,

I am new to trading. Have been demo trading for about three months. Not much progress from there. I have been reading through this forum and have found that AshFX V2 is a wonderful trading system to use.

The only queries that I have is as follow: -
1. Drawing of Sunday bars on the MT platform indeed blur the reading of the indicators. Is there any way to remove the sunday bars from the MT platform instead of using the data from another broker?

2. I am using a broker that close the day at 0000GMT whereas FXDD close theirs at 0300GMT. Would this difference in timing affects the result of the trade if I use the FXDD as a determination of when to place my trade and later place the trade on my broker?

Thanks.

[fredx]

Originally Posted by lianwk

Hi,

I am new to trading. Have been demo trading for about three months. Not much progress from there. I have been reading through this forum and have found that AshFX V2 is a wonderful trading system to use.

The only queries that I have is as follow: -
1. Drawing of Sunday bars on the MT platform indeed blur the reading of the indicators. Is there any way to remove the sunday bars from the MT platform instead of using the data from another broker?

2. I am using a broker that close the day at 0000GMT whereas FXDD close theirs at 0300GMT. Would this difference in timing affects the result of the trade if I use the FXDD as a determination of when to place my trade and later place the trade on my broker?

Thanks.

Hi lianwk,

1. I'm no expert, but I don't think that it would be possible to 'remove the Sunday bar' from a broker that uses it. In any case as you appear to be using FXDD for your signals, why would you want to?

2. As you will be using FXDD to determine your trades, it should't matter at what time your brokers day closes. What will determine your results with respect to someone else using say FXDD, will be your brokers prices and spread. Sometimes you will gain, sometimes you will lose, and sometimes the results will be the same!

Hope this helps.

fredx

[AshFX]

Originally Posted by NTL

Quick question; is this V2 system the upgraded version of "The AshFX Daily System Version 1"? I'm starting out right now with learning it, just wanted to know if I should skip the Version 1 and go straight to the Version 2?--or if these are 2 different systems?--or if there is information to be learned in version 1 before starting version 2?

Thanks!

Yep, skip V1 and study V2.

[AshFX]

Originally Posted by fredx

Hi lianwk,

1. I'm no expert, but I don't think that it would be possible to 'remove the Sunday bar' from a broker that uses it. In any case as you appear to be using FXDD for your signals, why would you want to?

2. As you will be using FXDD to determine your trades, it should't matter at what time your brokers day closes. What will determine your results with respect to someone else using say FXDD, will be your brokers prices and spread. Sometimes you will gain, sometimes you will lose, and sometimes the results will be the same!

Hope this helps.

fredx

Lianwk, what Fredx has just said is correct.

[DaTrader]

Any one else take the buy today on dollar yen?

[vanhook2]

Originally Posted by DaTrader

Any one else take the buy today on dollar yen?

The signal is not confirmed.



Buy: When the first PSAR dot appears below the candle, AND stochastic is crossing up but is not
overbought (i.e. not above the 80 line), AND the AC is green, AND the AO is green, AND candle is green
(bullish candle). Only enter once the candle has fully closed.

[AshFX]

I just entered USD/JPY long.

[DaTrader]

Originally Posted by vanhook2

The signal is not confirmed.



Buy: When the first PSAR dot appears below the candle, AND stochastic is crossing up but is not
overbought (i.e. not above the 80 line), AND the AC is green, AND the AO is green, AND candle is green
(bullish candle). Only enter once the candle has fully closed.

OOOppps! Posted too early! I'm in now.....

[Ben920FX]

USDJPY LONG is a big winner... Should be great weekend to those who enter the trade. :)

[vanhook2]

Originally Posted by DaTrader

OOOppps! Posted too early! I'm in now.....

No problem
If you did enter early, it worked out great for you.

[DaTrader]

Yes it's a good trade! Seems to be stuck at the 97.00 Psych. level, it it breaks through who knows??

[usama1]

Originally Posted by AshFX

I just entered USD/JPY long.

I took this trade too and it is moving fantastically

[echnat0n]

what is our target point? 98...?

[yen44x]

Originally Posted by echnat0n

what is our target point? 98...?

If you're sticking to AshFXV2 rules, you would exit half your position now (as we start a new candle) since we are in profit.

The other half would be exited per AshFXV2 rules:

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.

Of course, you're free to use your own discretion if you feel 98 is the target you want to reach.:)

[AshFX]

That's right, I've closed half my position and moved initial SL to BE.

Now lets see how far this rides...

[vanhook2]

I have moved my S/L to B/E +40.
I see 3 good support levels between the current price & my S/L.
They are the 50 EMA, 50% Fib & the 38.2% Fib.
See the attached chart.

[123mcmc]

Thanks for your analysis. The bottom window on your screenshot (RSX Limited), would you care to elaborate?

[lrathi]

Same basic indicators....Look further.

[cencored]

Good job, I missed this one but wow it made some pips, and it is not finished yet :)
Good luck to everyone who jumped on. There was a CCI DIV as well, which helps the trade.

[vanhook2]

Originally Posted by 123mcmc

Thanks for your analysis. The bottom window on your screenshot (RSX Limited), would you care to elaborate?

I sent you a PM with more Info., so as not to clutter the thread.:)

[lrathi]

Originally Posted by vanhook2

I sent you a PM with more Info., so as not to clutter the thread.:)

Could you also post the information on the Ashfx Complimentary thread too?

Thanks

I have another verison of the same and would like to comparethem them both.

[vanhook2]

Originally Posted by vanhook2

I have moved my S/L to B/E +40.
I see 3 good support levels between the current price & my S/L.
They are the 50 EMA, 50% Fib & the 38.2% Fib.
See the attached chart.

Stopped out @ B/E +40.

[vanhook2]

That was 1 heck of a retracement on the U/J.:rolleyes:

I'll be keeping my eyes on most of the Yen pairs next week.;)