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AshFX Daily

  • #821
  • Jul 7, 2008 3:21pm Jul 7, 2008 3:21pm
Quoting jazzyjatt
Hi

I may be overlooking something or just not understanding the above text but as a newbie to Metatrader, I am unable to get some of the currency pairs being referred to on some posts.
Are you right mouse clicking in the Market Watch(open with Ctrl+M) window?
  • #822
  • Jul 7, 2008 3:26pm Jul 7, 2008 3:26pm
Hi Folks:
As of right now I see 3 potential trades if no change of signals.
AUD/USD

CAD/JPY

USD/JPY

Any thoughts from anyone else, especially Ashl?
  • #823
  • Jul 7, 2008 3:28pm Jul 7, 2008 3:28pm
Quoting mtaboneweb
Actually, as I think about it, it's probably better if you can buy lower or sell high to have a TP based on the price you actually bought or sold at. This way you might have a better chance with the second trade riding the wave since the update to break even would be lower for a long and higher for a short. This is not to say that I would intentionally try to get in lower or higher but if that happens to be the case then so be it. I will keep the TP based on where I actually bought or sold.

Example (make believe trade below):

The AshFX system determines a 50 pip TP based on the signals/bar values.
It also suggests you buy at say 100.25 (100.75 would be TP)

However, due to conditions (maybe between close on Friday and open on Sunday or something else) you actually buy at 100.15. In this case the EA would set the TP to 100.65 (still 50 pips) also making the update to break even on the 2nd position lower (100.15 rather than 100.25).

Thoughts?
Firstly, thank you very much. Even though personally I don't like to use EA's, I really appreciate your efforts, I'm sure others would like to test it.

Secondly, concerning the question you raised, then to be honest I haven't officially addressed that for AshFX Daily. The system just presumes that the opening price of the candle will always be equal to the close of the previous bar. As to what one should do - this is something discretionary and up to the trader.

The way you have described it in the imaginary example above would be fine.
  • #824
  • Jul 7, 2008 3:34pm Jul 7, 2008 3:34pm
Quoting forexmoments
Firstly, thank you very much. Even though personally I don't like to use EA's, I really appreciate your efforts, I'm sure others would like to test it.

Secondly, concerning the question you raised, then to be honest I haven't officially addressed that for AshFX Daily. The system just presumes that the opening price of the candle will always be equal to the close of the previous bar. As to what one should do - this is something discretionary and up to the trader.

The way you have described it in the imaginary example above would be fine.
Thank you for the response and the system. I am hesitant to post the EA just yet since I wrote it just this past weekend. Once I see it work like it's supposed to then I will absolutely release it to whoever would like to try it.
  • #825
  • Jul 7, 2008 3:47pm Jul 7, 2008 3:47pm
Quoting jazzyjatt
Ash, I have tried you system out paper trading and it has delivered 90% of the time and I can have a life while earning money. Thank you.
No probs. Just bear in mind the results will not always be as amazing as they have been so far. There will be tough times. By it's very definition, Forex is tough.

Quoting jazzyjatt
Also, thanks to all the other contributers on this thread. Absolutely fantastic community which I am glad to be joining.
Welcome on board dude.
  • #826
  • Jul 7, 2008 3:52pm Jul 7, 2008 3:52pm
Ok guys, tonight's update for potential entries.

Looking at EUR/JPY, it seems to be ranging too much for my liking, and so I will not be entering that.

AUD/USD - Although I am already in this (due to me testing an IBFX signal), now's a good time to enter into it if you haven't already done so. Stochs are pointing down and are just about crossing. I personally am not re-entering.

USD/JPY & CAD/JPY. These are both SS Longs, and I will be buying these in around 10 minutes time. Stop Losses are at their respective swing low's.

I hope everyone is familiar with the rules by now. If you're new to this thread/system, please read the PDF manual on the first post, and don't hesistate to ask any questions if you're still not sure.
  • #827
  • Edited 4:05pm Jul 7, 2008 3:55pm | Edited 4:05pm
I trade
CADJPY LONG
EURCHF LONG

Possible USDJPY could be trade, but stoch is too high. Especially red line of stoch in USDJPY is too high.
  • #828
  • Jul 7, 2008 3:56pm Jul 7, 2008 3:56pm
As with all other systems, i'd assume fundamentals or sudden news events or news or announcements can go against this strategy right? Or since we're trading based on dailys, it would warn us before it goes bonkers?

regards,
Pret
  • #829
  • Jul 7, 2008 4:06pm Jul 7, 2008 4:06pm
Quoting forexmoments
Ok guys, tonight's update for potential entries.

Looking at EUR/JPY, it seems to be ranging too much for my liking, and so I will not be entering that.

AUD/USD - Although I am already in this (due to me testing an IBFX signal), now's a good time to enter into it if you haven't already done so. Stochs are pointing down and are just about crossing. I personally am not re-entering.

USD/JPY & CAD/JPY. These are both SS Longs, and I will be buying these in around 10 minutes time. Stop Losses are at their respective swing low's.

I hope everyone is familiar with the rules by now. If you're new to this thread/system, please read the PDF manual on the first post, and don't hesistate to ask any questions if you're still not sure.
Hi ASh,

so if i am right the swing lows for

US/JP = 12pts
Cad/JPY = 77 pts

Thanks
Paul
  • #830
  • Jul 7, 2008 4:10pm Jul 7, 2008 4:10pm
Quoting ventor
I trade
CADJPY LONG
EURCHF LONG
Eur/Chf? May I ask where did you get that from? Thanks.
  • #831
  • Jul 7, 2008 4:11pm Jul 7, 2008 4:11pm
Quoting Prettrad
As with all other systems, i'd assume fundamentals or sudden news events or news or announcements can go against this strategy right? Or since we're trading based on dailys, it would warn us before it goes bonkers?

regards,
Pret
Sudden news events or major news announcements have the potential to mess up any trade lol!
  • #832
  • Jul 7, 2008 4:14pm Jul 7, 2008 4:14pm
Quoting pbalfe@tisca
Hi ASh,

so if i am right the swing lows for

US/JP = 12pts
Cad/JPY = 77 pts

Thanks
Paul
SL for USD/JPY = 104.97
SL for CAD/JPY = 103.11
  • #833
  • Jul 7, 2008 4:16pm Jul 7, 2008 4:16pm
Quoting forexmoments
Ok guys, tonight's update for potential entries.

Looking at EUR/JPY, it seems to be ranging too much for my liking, and so I will not be entering that.
Ash I don't see a new signal at all for EURJPY. I am using FXDD. Could you explain why you were looking at this one?
  • #834
  • Jul 7, 2008 4:18pm Jul 7, 2008 4:18pm
Is the AUD/USD still a valid short........ I got the first signal All red with red candle on 1st July it has since gone up ...and the AO and AC have changed colours ... STO have risen.. but now look to becoming back down ......

could you just point out what makes this still a short ......... is the orignal signal still valid............ THANK YOU.


Quoting forexmoments
Ok guys, tonight's update for potential entries.

Looking at EUR/JPY, it seems to be ranging too much for my liking, and so I will not be entering that.

AUD/USD - Although I am already in this (due to me testing an IBFX signal), now's a good time to enter into it if you haven't already done so. Stochs are pointing down and are just about crossing. I personally am not re-entering.

USD/JPY & CAD/JPY. These are both SS Longs, and I will be buying these in around 10 minutes time. Stop Losses are at their respective swing low's.

I hope everyone is familiar with the rules by now. If you're new to this thread/system, please read the PDF manual on the first post, and don't hesistate to ask any questions if you're still not sure.
  • #835
  • Jul 7, 2008 4:18pm Jul 7, 2008 4:18pm
Quoting ljr
Ash I don't see a new signal at all for EURJPY. I am using FXDD. Could you explain why you were looking at this one?
You're right, I don't see it either. Dunno why I mentioned that. Thanks for pointing that out.
  • #836
  • Jul 7, 2008 4:20pm Jul 7, 2008 4:20pm
Quoting forexmoments
SL for USD/JPY = 104.97
SL for CAD/JPY = 103.11
Same mine here
  • #837
  • Jul 7, 2008 4:20pm Jul 7, 2008 4:20pm
Quoting forexmoments
Ok guys, tonight's update for potential entries.

Looking at EUR/JPY, it seems to be ranging too much for my liking, and so I will not be entering that.

AUD/USD - Although I am already in this (due to me testing an IBFX signal), now's a good time to enter into it if you haven't already done so. Stochs are pointing down and are just about crossing. I personally am not re-entering.

USD/JPY & CAD/JPY. These are both SS Longs, and I will be buying these in around 10 minutes time. Stop Losses are at their respective swing low's.

I hope everyone is familiar with the rules by now. If you're new to this thread/system, please read the PDF manual on the first post, and don't hesistate to ask any questions if you're still not sure.
Hi Ash
USDJPY OverBought. Long position isnīt a problem?
Thanks
Julio
  • #838
  • Jul 7, 2008 4:20pm Jul 7, 2008 4:20pm
Quoting forexmoments
SL for USD/JPY = 104.97
SL for CAD/JPY = 103.11

Thanks ASH.

Dont mean to sound stupid but what would be your tp on both trades then as i now understand the stop losses

Paul
  • #839
  • Jul 7, 2008 4:23pm Jul 7, 2008 4:23pm
Quoting forexmoments
You're right, I don't see it either. Dunno why I mentioned that. Thanks for pointing that out.
Hahaha i almost started reconfiguring my PSAR Alert Again thought I had messed it up while helping Art59 on PIP Nailer

Well guys it 12AM here am going to bed.

Cheers everyone and as of RR please this is your first night as a potential arrestable, sueable and everything bad and good comes with age... Stay indoor muhahahahahaha...

Just kidding Happy Birthday once more and 4 the rest of Americans I missed to say Happy 4th of July

SMILE


SmartKenya
  • #840
  • Jul 7, 2008 4:24pm Jul 7, 2008 4:24pm
Quoting pbalfe@tisca
Thanks ASH.

Dont mean to sound stupid but what would be your tp on both trades then as i now understand the stop losses

Paul
Get it from PSAR dot
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