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AshFX Daily

  • #1,141
  • Edited 1:00pm Jul 10, 2008 12:44pm | Edited 1:00pm
Quoting Ronald Raygun
Couple things: What's wrong with the SL/TP on my EAs?

Which EA?
AskFX.ex4

SL is not always at the bottom/top of the swing on SS. Also, its not always taking the trade at the open of the 2nd PSAR. I also had it open a trade with no SL/TP set on one occasion. Maybe I've got something set up wrong though, as I'm getting tired. Square eyes from too many charts. I am testing it on 15 minute TF, purely for evaluation. This could be the problem. I asked about whether a different TF would cause problems previously, but you probably missed it.
  • #1,142
  • Jul 10, 2008 1:01pm Jul 10, 2008 1:01pm
I didn't code in secondary trades. My EAs only go for the primary trades.
  • #1,143
  • Jul 10, 2008 1:01pm Jul 10, 2008 1:01pm
Guys, even though today has not been a pip-ridden day for AshFX Daily, bear in mind the nature of this system is that often you have to let the market play out for a few days to see the end picture. We're not stopped out on any of last nights trades, which means we haven't closed anything for a loss. The "beauty" of FX is you never know which trades will run for hundreds of pips, and which trades will stop you out.

Maybe the system has spoilt some of you, especially after seeing the initial and immediate success of it, because as we know there have been so many previous amazing days which turned very fast into profits. Be warned, there will be bad patches. (And I don't consider today to be a bad patch).

You do not have to do what I do of course, but personally, I'm staying in till I hit my TP or my SL. That's just the stubborn individual in me (and it's kept me in good stead for over a year).

Ash
  • #1,144
  • Jul 10, 2008 1:05pm Jul 10, 2008 1:05pm
Quoting Ronald Raygun
I didn't code in secondary trades. My EAs only go for the primary trades.
RR,

However, your EA had opened 1 trade for me on FXDD:
It looked like the secondary trades, and is in mistake: Sell CHF/JPY.
(It is a mistake for the secondary trades, if the AO is a green bar, not the AC is a green bar.)


Trader8686
-------------------------
Just like to learn it better!
  • #1,145
  • Jul 10, 2008 1:07pm Jul 10, 2008 1:07pm
My EA is designed to only trade primary trades, not secondary trades. If you think it caught a secondary trade, it's most likely coincidence.
  • #1,146
  • Jul 10, 2008 1:08pm Jul 10, 2008 1:08pm
Quoting forexmoments
Guys, even though today has not been a pip-ridden day for AshFX Daily, bear in mind the nature of this system is that often you have to let the market play out for a few days to see the end picture. We're not stopped out on any of last nights trades, which means we haven't closed anything for a loss. The "beauty" of FX is you never know which trades will runs for hundreds of pips, and which trades will stop you out.

Maybe the system has spoilt some of you, especially after seeing the initial and immediate success of it, because as we know there have been so many previous amazing days which turned very fast into profits. Be warned, there will be bad patches. (And I don't consider today to be a bad patch).

You do not have to do what I do of course, but personally, I'm staying in till I hit my TP or my SL. That's just the stubborn individual in me (and it's kept me in good stead for over a year).

Ash
Ash, my SL for AUDCAD and GBPCHF are: 0.9830 and 2.0208.
Are these the same as yours? Just to confirm, thanks.
  • #1,147
  • Jul 10, 2008 1:09pm Jul 10, 2008 1:09pm
Quoting jcllosag
Ash, my SL for AUDCAD and GBPCHF are: 0.9830 and 2.0208.
Are these the same as yours? Just to confirm, thanks.
You got that right.
  • #1,148
  • Jul 10, 2008 1:09pm Jul 10, 2008 1:09pm
Quoting Ronald Raygun
I didn't code in secondary trades. My EAs only go for the primary trades.
I must be getting confused, so tired. I'm gonna grab a few winks before the new candle. Cheers for now.
  • #1,149
  • Jul 10, 2008 1:11pm Jul 10, 2008 1:11pm
Quoting forexmoments
Guys, even though today has not been a pip-ridden day for AshFX Daily, bear in mind the nature of this system is that often you have to let the market play out for a few days to see the end picture. We're not stopped out on any of last nights trades, which means we haven't closed anything for a loss. The "beauty" of FX is you never know which trades will runs for hundreds of pips, and which trades will stop you out.

Maybe the system has spoilt some of you, especially after seeing the initial and immediate success of it, because as we know there have been so many previous amazing days which turned very fast into profits. Be warned, there will be bad patches. (And I don't consider today to be a bad patch).

You do not have to do what I do of course, but personally, I'm staying in till I hit my TP or my SL. That's just the stubborn individual in me (and it's kept me in good stead for over a year).

Ash
Thanks for the reassurance Ash. I agree wholeheartedly that any system has to be viewed over a longer period than a day or two. Even with the current situation with open trades the system is in positive territory for the week and thats good.

Just been following the system since the start of this week and I am impressed so far. Two things that concern me are:

1. The large stop loss (generally) for SS trades.
2. The method for taking profits on the second part of the trade. 3 of 4 completed trades this week have retraced to the revised SL. I wonder if there is anything that can help with that?

Anyway, thanks for the great work - looking forward to some more profitable trades and to trade live at some point.

James
James The Beekeeper
  • #1,150
  • Jul 10, 2008 1:22pm Jul 10, 2008 1:22pm
Quoting forexmoments
Guys, even though today has not been a pip-ridden day for AshFX Daily, bear in mind the nature of this system is that often you have to let the market play out for a few days to see the end picture. We're not stopped out on any of last nights trades, which means we haven't closed anything for a loss. The "beauty" of FX is you never know which trades will run for hundreds of pips, and which trades will stop you out.

Maybe the system has spoilt some of you, especially after seeing the initial and immediate success of it, because as we know there have been so many previous amazing days which turned very fast into profits. Be warned, there will be bad patches. (And I don't consider today to be a bad patch).

You do not have to do what I do of course, but personally, I'm staying in till I hit my TP or my SL. That's just the stubborn individual in me (and it's kept me in good stead for over a year).

Ash
I'm not worried about anything and agree with you fully. Looking back at some of the past trades you can see some heavy movement in the wrong direction that eventually did what they were supposed to do. I'm on board with trading the rules win or lose. Thanks for the system.
  • #1,151
  • Jul 10, 2008 1:28pm Jul 10, 2008 1:28pm
Quoting forexmoments
You got that right.
forexmoments,

Forgive me to interrupt you both: the GBPCHF SL = 2.0107. (not 2.0208)
For it is a second s trade, so is AUDCAD. (SL = 0.9830)

Again: both pair are second s trades.

Trader8686
-------------------------
Just like to learn it better!
  • #1,152
  • Jul 10, 2008 1:34pm Jul 10, 2008 1:34pm
Quoting forexmoments
You got that right.
Hi Ash,

Is my
  • #1,153
  • Jul 10, 2008 1:36pm Jul 10, 2008 1:36pm
Quoting pbalfe@tisca
Hi Ash,

Is my
Dont know what happened there, just dissapeared off my screen and was on the forum

In anyway ASH, is my stop loss of 1.6182 and my T/P of 1.5840 correct for the Eur/Cad trade, if it is then i know i am doing my sums correcectly

Thanks
paul
  • #1,154
  • Jul 10, 2008 1:39pm Jul 10, 2008 1:39pm
Quoting forexmoments
Guys, even though today has not been a pip-ridden day for AshFX Daily, bear in mind the nature of this system is that often you have to let the market play out for a few days to see the end picture. We're not stopped out on any of last nights trades, which means we haven't closed anything for a loss. The "beauty" of FX is you never know which trades will run for hundreds of pips, and which trades will stop you out.

Maybe the system has spoilt some of you, especially after seeing the initial and immediate success of it, because as we know there have been so many previous amazing days which turned very fast into profits. Be warned, there will be bad patches. (And I don't consider today to be a bad patch).

You do not have to do what I do of course, but personally, I'm staying in till I hit my TP or my SL. That's just the stubborn individual in me (and it's kept me in good stead for over a year).

Ash
Well said man. This is business. In business you cant expect only profits. Some days will be bad. What matters is let the good days be greater than the lbad days.

As far as am concerned nothing has gone wrong yet. I have been scalping and hedging my way all through for some couple of pips and still playing the Ash system. Hope I will do some party at the weekend afterall.
  • #1,155
  • Jul 10, 2008 1:51pm Jul 10, 2008 1:51pm
Quoting sharon_gpl
There is a signal for eur/usd today, so if that is the case a buy is in for the pair so those trading gbp/chf may see more downside, just my 6 cents.
Hi Sharon,

Can you point me in the direction to get the Oz signal indicator at the bottom of your chart?

Thanks!
  • #1,156
  • Jul 10, 2008 1:59pm Jul 10, 2008 1:59pm
Never thought I'd say gold was bad but it is today for me. I don't really like the way the charts look for gold and silver so I have removed them after a very large loss on my gold trades just now. There movement just doesn't seem to flow like other pairs.
Attached Image (click to enlarge)
Click to Enlarge Name: gold.gif Size: 5 KB
  • #1,157
  • Jul 10, 2008 2:06pm Jul 10, 2008 2:06pm
Quoting trader8686
forexmoments,

Forgive me to interrupt you both: the GBPCHF SL = 2.0107. (not 2.0208)
For it is a second s trade, so is AUDCAD. (SL = 0.9830)

Again: both pair are second s trades.

Trader8686
-------------------------
Just like to learn it better!
http://www.forexfactory.com/showpost...postcount=1078
  • #1,158
  • Jul 10, 2008 2:08pm Jul 10, 2008 2:08pm
Quoting pbalfe@tisca
Dont know what happened there, just dissapeared off my screen and was on the forum

In anyway ASH, is my stop loss of 1.6182 and my T/P of 1.5840 correct for the Eur/Cad trade, if it is then i know i am doing my sums correcectly

Thanks
paul
Yep, that is correct.
  • #1,159
  • Jul 10, 2008 2:13pm Jul 10, 2008 2:13pm
Quoting forexmoments
Yep, that is correct.
Thanks Ash,

Its all about getting to understand the ins & outs of the system and i am now happy

By the way agree with what you said before and that we all have to be patient, i am only in the Eur/Cad trade and i am VERY VERY HAPPY so far
Thanks
Paul

PS i think it might be a good idea to do a FAQ's post which you can stick on the bottom of your threads as with all systems like this we seem to get a lot of repeated questions
  • #1,160
  • Edited 3:11pm Jul 10, 2008 2:14pm | Edited 3:11pm
Quoting forexmoments
Yep, that is correct.
Sorry to be pedantic, but I think the SL should be 1.6180 - but hey, whats 2 pips between friends.

And the good news is...EUR/CAD has just moved into profit!

James

ps Well it was for a few minutes!
James The Beekeeper
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