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AshFX Daily

  • #1,281
  • Jul 14, 2008 3:49am Jul 14, 2008 3:49am
Fonzie approves...
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  • #1,282
  • Jul 14, 2008 4:16am Jul 14, 2008 4:16am
Quoting edeyj999
So, you look for daily signals from Ash's system and then trade hourly using your own - is that correct?
Yup. I'm using a 6SMA/23SMA cross + Parabolic SAR.
So far that has worked out for me pretty well although I'm still quite a newbie in trading.

Do check out my blog, I've got some examples there.
  • #1,283
  • Jul 14, 2008 8:41am Jul 14, 2008 8:41am
Hi All,

I think we should all give Ash a collective round of appluase for his system, if you look at the EUR/CAD now it is working itself down from its highs on Friday

I point you all to the quote he gave us previously

"if were not in profit, then we let our positions run till they either hit our original SL or our first TP"

I was in major panic Friday when it seemed to be going up without stoppng but now i will STICK TO THE RULES NO MATTER WHAT and not say anything until the FAT LADY SINGS as they say

Thanks
paul
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  • #1,284
  • Jul 14, 2008 12:45pm Jul 14, 2008 12:45pm
Hello everyone!
I have followed this thread for weeks and receive Ash's alerts. I see that there are some that let their emotions get the best of them and stay out of the game. I have read a lot on the technichal and fundamentals of trading and the biggest thing that I have taken from all of it is no matter how good a system is, it comes down to your emotions. I have taken many trades and as soon as it moved against me, I would get nervous and exit the trade to find out hours later it went my way!

So, I would suggest reading about the mental state of trading and possibly looking at finding a time frame that works best for your trading style. I also drill down to smaller time frames for entry and comfirmation along with using Fibs, and candle recognition.

I took the GBP/USD long trade.

Happy trading
  • #1,285
  • Jul 14, 2008 2:29pm Jul 14, 2008 2:29pm
Quoting maximteo
Yeah i seel those signals too. However, problem with trading the daily time frame imo is that you just can't go in anytime of the day expecting it to go your direction.

For me, I drill down to the hourly time frame and using fibo retracement + trendlines to approx my entry.
Currently I'm monitoring the USD/JPY, USD/CHF, and EUR/USD. I think for the past few hours since opening its probably doing a retracement. U can draw trendlines on it right now and you'd probably see a bull flag or a wedge. How I'm planning to trade these pairs is to wait till they break out of the trendlines (wedge or flags) in the direction of the overall daily direction.
And, you can also wait for to get in to Buy/Sell, after the retracement is done, either on 4H or 1H (the bigger time frame the better). That can be judged by looking at Stochs (OB/OS) line, and I am looking for more education in this area, the Stochs. Does anyone here know where I can receive more educaton on the Stochs?


Trader8686
-------------------------
Just like to learn it better!
  • #1,286
  • Jul 14, 2008 2:41pm Jul 14, 2008 2:41pm
Quoting trader8686
And, you can also wait for to get in to Buy/Sell, after the retracement is done, either on 4H or 1H (the bigger time frame the better). That can be judged by looking at Stochs (OB/OS) line, and I am looking for more education in this area, the Stochs. Does anyone here know where I can receive more educaton on the Stochs?


Trader8686
-------------------------
Just like to learn it better!
Here is a link to an in depth discussion of how to use stochastics effectively, especially on multiple time frames...

Here is the original and best thread started by Spudfyre: http://www.forexfactory.com/showthread.php?t=22105

And a follow up forum after he left the discussion:

http://www.forexfactory.com/showthread.php?t=52125

Good luck...
  • #1,287
  • Jul 14, 2008 2:56pm Jul 14, 2008 2:56pm
http://en.wikipedia.org/wiki/stochastic_oscillator

This might help also.
  • #1,288
  • Jul 14, 2008 7:02pm Jul 14, 2008 7:02pm
Are we in any new trades this evening?
Many pips to all.

Rod
  • #1,289
  • Jul 14, 2008 7:59pm Jul 14, 2008 7:59pm
I see (FXDD) a LONG signal on GBPJPY, but ...

1) stochs pointing down
2) AC and AO = RED.

Long signal minus short indicators = no trade.
  • #1,290
  • Jul 14, 2008 8:21pm Jul 14, 2008 8:21pm
The Autotrader EA opend 4 trades last night...was down over 300 pips over night, but currently up over 200 with the first NZD/USD closed at TP with 41 pips. I'm letting the EA run it's course...so far so good No new trades opened today...
  • #1,291
  • Jul 14, 2008 8:39pm Jul 14, 2008 8:39pm
Quoting MYOCCM
The Autotrader EA opend 4 trades last night...was down over 300 pips over night, but currently up over 200 with the first NZD/USD closed at TP with 41 pips. I'm letting the EA run it's course...so far so good No new trades opened today...
I ended up taking 2 of the 4 trades the GU and UC, both came within 5 pips of my initial profit target so I closed half the positions and moved the other half to BE, hopefully we will catch a nice little trend.

I dont see any trades tonight on IBFX
  • #1,292
  • Jul 14, 2008 9:25pm Jul 14, 2008 9:25pm
Took 4 positions last night
GBP/USD - Closed with +90 pips
USD/CHF - Closed with +70 pips
USD/JPY - Open with ~+50pips
EUR/USD - Open with ~+40 pips

Quote
And, you can also wait for to get in to Buy/Sell, after the retracement is done, either on 4H or 1H (the bigger time frame the better). That can be judged by looking at Stochs (OB/OS) line, and I am looking for more education in this area, the Stochs. Does anyone here know where I can receive more educaton on the Stochs?

Personally I don't really like to use the 4H time frame. To me big time frames give a good indication of the overal direction, but smaller time frames gives you an earlier entry/exit point. IMHO http://www.forexfactory.com/images/icons/icon7.gif
  • #1,293
  • Jul 14, 2008 10:52pm Jul 14, 2008 10:52pm
Here's the latest trades.
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  • #1,294
  • Jul 15, 2008 1:59am Jul 15, 2008 1:59am
Quote
Took 4 positions last night
GBP/USD - Closed with +90 pips
USD/CHF - Closed with +70 pips
USD/JPY - Open with ~+50pips
EUR/USD - Open with ~+40 pips

Finally closed all my positions.
Here are the numbers

GBP/USD:+90 pips
EUR/USD:+80 pips
USD/CHF:+70 pips
USD/JPY: +60 pips

Total: +300pips in 12 hours http://www.forexfactory.com/images/icons/icon10.gif
  • #1,295
  • Jul 15, 2008 3:14am Jul 15, 2008 3:14am
Another set up, this time for the EURCHF...
Attached Image (click to enlarge)
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Without women, money would have no meaning - Aristotle Onassis
  • #1,296
  • Jul 15, 2008 3:28am Jul 15, 2008 3:28am
Quoting mattfx
Another set up, this time for the EURCHF...
Hi Matt,

Yep looks good for a trade at close of signal candle, we have some news out on the Euro today and CPI on euro tomorrow but i will be taking the trade tonight

Thanks
Paul
  • #1,297
  • Jul 15, 2008 3:43am Jul 15, 2008 3:43am
Hi,

Looks like the Euro/Aud is a nice set up for tonight also

Paul
  • #1,298
  • Jul 15, 2008 4:52am Jul 15, 2008 4:52am
Here is the cross just shy of move to BE +50 first lot....little late on the entry, should have bought open, yet found entry at London session and will move lots to BE, as you can see.....
Attached Image (click to enlarge)
Click to Enlarge Name: EURCHF Jul. 15 19.47.jpg Size: 187 KB
Without women, money would have no meaning - Aristotle Onassis
  • #1,299
  • Jul 15, 2008 5:56am Jul 15, 2008 5:56am
Quoting mattfx
Here is the cross just shy of move to BE +50 first lot....little late on the entry, should have bought open, yet found entry at London session and will move lots to BE, as you can see.....
I don't think you were late on the entry. Are you talking about your own modifications to the system?
With the PSAR flipping today, the current daily bar would be the first possible signal bar. The AshFX Daily trade would be placed at the start of tomorrow's bar if the trade parameters are met.

Good to see that you are in profit though. It looks like you have caught a nice move.
  • #1,300
  • Jul 15, 2008 6:51am Jul 15, 2008 6:51am
Results of 4 positions;

NZD/USD - 1TP hit, 2nd closed manually. +144 total for both
GBP/USD - 1 TP hit, 2nd closed manually. +324 total for both
USD/CHF - 1 TP hit, 2nd closed manually. +276.94 total for both
EUR/USD , Both still open. Currently up 68 pips. +136 total for both

SO far since week open, up $880.94 with .10 lots per position.
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