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AshFX Daily

  • #901
  • Edited 11:54am Jul 8, 2008 10:50am | Edited 11:54am
Quoting SmartKenya
Art59...

Just use FXDD for your charts only they have demo acounts

Regards
Yeah. I'm using Oanda live for placing the trades, but use the FXDD charts for this system. Annoying, but hey, I'll try anything to get those pesky little pips. You can also run several copies of MetaTrader at the same time too. I've got ODL, Alpari, and FXDD running on my main PC for charting various systems. Then I have Oanda running on a laptop for placing trades. Mainly got it set up this way just in case the power goes out.

current AshFX trades:

GBPUSD +136 pips (first lot closed, second lot open)
AUDUSD +30 pips (both lots open)
CADJPY -16 pips (both lots open)
USDJPY +28 pips (both lots open)
  • #902
  • Jul 8, 2008 11:16am Jul 8, 2008 11:16am
Quoting Damon123
Do you guys think aud/usd has some more legs? It seems to have alot of support at 9520 level, or do you guys feel 9400 is on the cards? Thanks in advance,
Ash, what do you say about this question?
  • #903
  • Jul 8, 2008 11:35am Jul 8, 2008 11:35am
Quoting jcllosag
Ash, what do you say about this question?
Just like to help: (and it is good daily)
http://www.mataf.net/en/forex-audusd.htm#08072008110541
  • #904
  • Jul 8, 2008 11:47am Jul 8, 2008 11:47am
Perhaps, we could have a short on AUDUSD tomorrow? Would grateful if someone could confirm this.
I have missed long on $Yen and $Swiss because of my uncertainty of the OB line on stoch.
Attached Image (click to enlarge)
Click to Enlarge Name: audusd daily.gif Size: 13 KB
  • #905
  • Jul 8, 2008 11:50am Jul 8, 2008 11:50am
Quoting Pipkeeper
Perhaps, we could have a short on AUDUSD tomorrow? Would grateful if someone could confirm this.
I have missed long on $Yen and $Swiss because of my uncertainty of the OB line on stoch.
I just check it on my FXDD MT4 Chart, I agree with you.
Anyone else?
  • #906
  • Jul 8, 2008 11:51am Jul 8, 2008 11:51am
Sorry for spamming...but forget to put eurusd. Possible for short tomorrow?
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd daily.gif Size: 14 KB
  • #907
  • Jul 8, 2008 11:56am Jul 8, 2008 11:56am
Quoting Pipkeeper
Sorry for spamming...but forget to put eurusd. Possible for short tomorrow?

According to the AshFX system this would not be valid. The first PSAR dot was above several bars ago and the bar was up rather than down. These 2 items make this an invalid trade according to the rules. As a side not it would have been a good short even though the signal bar was up.
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd.gif Size: 31 KB
  • #908
  • Jul 8, 2008 12:00pm Jul 8, 2008 12:00pm
Quoting Pipkeeper
Perhaps, we could have a short on AUDUSD tomorrow? Would grateful if someone could confirm this.
I have missed long on $Yen and $Swiss because of my uncertainty of the OB line on stoch.
If you were using FXDD you would already be short on the AUD/USD. Even the Interbank screen shot the PSAR happened several bars ago.

The AshFX system works when the dot first changes sides on that closed bar. You would enter on the next bar if the conditions are in line.
Attached Image (click to enlarge)
Click to Enlarge Name: audusd.gif Size: 34 KB
  • #909
  • Jul 8, 2008 12:00pm Jul 8, 2008 12:00pm
Quoting trader8686
I just check it on my FXDD MT4 Chart, I agree with you.
Anyone else?
The AUDUSD was already AshFX FXDD ready a fair while ago. Might be risky to take it now using these rules as the trade was supposed to be opened almost 20 hours ago now.
  • #910
  • Jul 8, 2008 12:01pm Jul 8, 2008 12:01pm
Quoting mtaboneweb
2) On the attached chart I have added a custom indicator I had from a while back (Support and Resistance (Barry)). Has anyone used this indicator or feel that it is showing valuable/accurate information? I need something that can be looked at by the EA without my manual intervention that could determine support/resistance. This may also be useful for possibly taking a trade but with a lower TP if support/resistance is slightly against your full TP determined by the system. Maybe a new setting for the EA not to trade for less than X pips to prevent very small trades.

I have also attached a EUR/AUD image showing the S/R. If I had utilized the indicator then I might have set a lower TP and been out already. At one point I had roughly 80+ pips and is now riding around -119 pips. The TP is set for 1.6163 (187 pips) but I might have taken 80+ knowing the S/R levels before placing the trade.

As a side note on the EUR/AUD... According to the AshFX system all the signals were in line for this trade and the SL is still a ways off. This could very well still be a good trade or it could have been one of those trades people avoided due to the Support level not allowing for the full TP. Again this is where validating the Support and Resistance of the indicator shown would be helpful. Does it look accurate?
Hi mtaboneweb,

I noticed that the Support and Resistance (Barry) is in line with the fractals. Knowing this may help you in coding. See the attached pic.

Thanks to you and RR for doing so much work to create the EA. Also thanks to Ash for sharing and assisting us in learning this strategy.

I'm looking forward to testing and being involved with the discussion.

pd
Attached Image (click to enlarge)
Click to Enlarge Name: support-resistance-fractal.gif Size: 23 KB
  • #911
  • Jul 8, 2008 12:19pm Jul 8, 2008 12:19pm
Quoting mtaboneweb
According to the AshFX system this would not be valid. The first PSAR dot was above several bars ago and the bar was up rather than down. These 2 items make this an invalid trade according to the rules. As a side not it would have been a good short even though the signal bar was up.
mtaboneweb,
Did you say, since yesterday's bar was up and the first dot of PSAR is not on yesterday's bar, this is an invalid Sell signal?

mtaboneweb, can you please post your S/R Barry indicator here?
Thanks much!
  • #912
  • Jul 8, 2008 12:20pm Jul 8, 2008 12:20pm
Quoting PistolDave
Hi mtaboneweb,

I noticed that the Support and Resistance (Barry) is in line with the fractals. Knowing this may help you in coding. See the attached pic.

Thanks to you and RR for doing so much work to create the EA. Also thanks to Ash for sharing and assisting us in learning this strategy.

I'm looking forward to testing and being involved with the discussion.

pd
Thanks for checking. Now I just need to figure out how it's useful. S/R may change at any new bar but it doesn't appear to repaint. It may also pass thru a S/R level and sometimes be restrained by it. Even if the S/R is far off from where you start it could be constrained on a later bar if an adjustment happens.

Example: Going for long (50 pips?) and resistance is 150+pips above and has been for days. No telling on the next bar/day or two the Resistance wont move down due to lower prices and maybe below your original TP.

Anyone have a suggestion on how to use it?
  • #913
  • Jul 8, 2008 12:25pm Jul 8, 2008 12:25pm
Quoting trader8686
mtaboneweb,
Did you say, since yesterday's bar was up and the first dot of PSAR is not on yesterday's bar, this is an invalid Sell signal?

For the EUR/USD, what I meant is that 2 bars ago was the signal bar and everything considered would have been a good second strength trade (stochs below 50 but still above 20). What canceled it being a signal was that the bar was an up bar. But it looks like it may have made some money on a short position.
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd.gif Size: 34 KB
  • #914
  • Edited 12:39pm Jul 8, 2008 12:28pm | Edited 12:39pm
Quoting kenshin
The AUDUSD was already AshFX FXDD ready a fair while ago. Might be risky to take it now using these rules as the trade was supposed to be opened almost 20 hours ago now.
Right.

I just noticed that: The PSAR dot on today's bar is the 2nd dot, so we were supposed to open this Sell position yesterday's market opening.

Thanks.
  • #915
  • Jul 8, 2008 12:49pm Jul 8, 2008 12:49pm
Looks like the EUR/CHF would be a good second strength trade if the Stoch ends under 80. Right now it's just peeping over the 80 mark which would prevent the EA from taking the trade just like the USD/JPY yesterday. Other than that I didn't see any new signals for today.

It has also broken through the resistance.

Anyone else?
Attached Image (click to enlarge)
Click to Enlarge Name: eurchf.gif Size: 33 KB
  • #916
  • Jul 8, 2008 12:53pm Jul 8, 2008 12:53pm
I wonder why, if the entry has to be placed at the close of the daily candle, almost everybody is trying to "forecast" what will the signals be for tomorrow, several hours before the effective closing time. I find it can be confusing for newcomers to the thread.

Just remember that "Here I present to you my new System, AshFX Daily. It's excellent for traders who work a full-time job, and/or can't/don't want to spend hours and hours staring at the screen."

Should be one of the goals, IMHO.
  • #917
  • Jul 8, 2008 12:55pm Jul 8, 2008 12:55pm
Is there an EA for this system????
  • #918
  • Jul 8, 2008 12:56pm Jul 8, 2008 12:56pm
Quoting doblece
I wonder why, if the entry has to be placed at the close of the daily candle, almost everybody is trying to "forecast" what will the signals be for tomorrow, several hours before the effective closing time. I find it can be confusing for newcomers to the thread.

Just remember that "Here I present to you my new System, AshFX Daily. It's excellent for traders who work a full-time job, and/or can't/don't want to spend hours and hours staring at the screen."

Should be one of the goals, IMHO.
It's really just to alert people to a possible setup and what they should look for and which pairs. It's meant to be helpful rather than harmful. If you feel we shouldn't do it then personally I'll stop but speaking for myself, I'm just trying to help.
  • #919
  • Jul 8, 2008 12:57pm Jul 8, 2008 12:57pm
Quote
Quote:
Originally Posted by kenshin http://www.forexfactory.com/images/buttons/viewpost.gif
The AUDUSD was already AshFX FXDD ready a fair while ago. Might be risky to take it now using these rules as the trade was supposed to be opened almost 20 hours ago now.

Right.

I just noticed that: The PSAR dot on today's bar is the 2nd dot, so we were supposed to open this Sell position yesterday's market opening.

Thanks.
Why the differences of charts are so big?.. On ibfx the doji bar was a bull candle but on fxdd the doji bar was a bear candle. I'm using ibfx and would say that i've missed a lot of opportunity. Would it be wise to use fxdd charts but put order on ibfx?
  • #920
  • Jul 8, 2008 1:03pm Jul 8, 2008 1:03pm
Quoting Pipkeeper
Why the differences of charts are so big?.. On ibfx the doji bar was a bull candle but on fxdd the doji bar was a bear candle. I'm using ibfx and would say that i've missed a lot of opportunity. Would it be wise to use fxdd charts but put order on ibfx?
If that's the way you want to handle it then yes but I would use FXDD for your signals. IBFX has a Sunday bar and this is why things are so different from FXDD.
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