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AshFX Daily

  • #1,321
  • Jul 15, 2008 3:35pm Jul 15, 2008 3:35pm
Quoting Pipkeeper
Possible Trade Tomorrow :-

$Yen - Short
GbpYen - Short
EurGbp - Short

Would definitely take the trade - wouldn't want to miss another opportunity anymore.
Hello, I am going to take this one: EURGBP.
  • #1,322
  • Jul 15, 2008 3:50pm Jul 15, 2008 3:50pm
Quoting Pipkeeper
Possible Trade Tomorrow :-

$Yen - Short
GbpYen - Short
EurGbp - Short

Would definitely take the trade - wouldn't want to miss another opportunity anymore.
A GBPJPY short might be too wild!!
Why?
Because it is perfectly ranging.
  • #1,323
  • Jul 15, 2008 3:53pm Jul 15, 2008 3:53pm
Still trying to get to grips fully with the system but I see the following potential trades on FXDD:

EUR/AUD - SS - SHORT
EUR/CHF - SS - SHORT
EUR/JPY - SS - SHORT
USD/JPY - SS - SHORT
AUD/CAD - SS - LONG
GBP/JPY - SS - SHORT
EUR/GBP - FS - SHORT

Seems rather a lot!
James The Beekeeper
  • #1,324
  • Jul 15, 2008 3:59pm Jul 15, 2008 3:59pm
Hi everyone.

Apologies I haven't posted for a couple of days. Good to see people continuing on the thread in my absence, and most importantly, making pips.

I have been getting many emails recently, from people asking me loads of questions about the system, and also to provide daily signals on this thread with my exact specifications of entries and potential exits. Whilst I appreciate that this will help relative newcomers to forex, sometimes I'm just not around, or am busy, so it's kinda hard for me to answer every question. I don't look at this forum 24/7, and this thread seems to move rather fast. However, I'd really appreciate if other AshFX "veterans" (umm even though this was only released last month!) could help me out in answering some of the questions other newcomers may pose.

Many thanks.
  • #1,325
  • Jul 15, 2008 4:01pm Jul 15, 2008 4:01pm
Guys, sometimes even though there may be a lot of setups, you don't have to necessarily trade each one. Look at the ones that aren't near S/R points, and/or the ones which aren't ranging, and then make a decision.
  • #1,326
  • Jul 15, 2008 4:03pm Jul 15, 2008 4:03pm
Quoting mtaboneweb
Here's the latest trades.
Hi, these were all SS trades (I think) - I can't work out how your EA calculated the first TP.

Could you point me in the right direction. Ash's document says for a long, to calculate the pips as the previous days candle high minus close. Is this the candle with the first PSAR?

Hope you can help.
James The Beekeeper
  • #1,327
  • Jul 15, 2008 4:05pm Jul 15, 2008 4:05pm
hi ash fx
witch is the best set up for today ?
thanks
  • #1,328
  • Jul 15, 2008 4:08pm Jul 15, 2008 4:08pm
Quoting edeyj999
Hi, these were all SS trades (I think) - I can't work out how your EA calculated the first TP.

Could you point me in the right direction. Ash's document says for a long, to calculate the pips as the previous days candle high minus close. Is this the candle with the first PSAR?

Hope you can help.
That would be for a short (high - close). Long is close - high of the signal bar (previous bar).
  • #1,329
  • Jul 15, 2008 4:14pm Jul 15, 2008 4:14pm
Quoting mtaboneweb
That would be for a short (high - close). Long is close - high of the signal bar (previous bar).
Many thanks - I had it the other way around!
James The Beekeeper
  • #1,330
  • Jul 15, 2008 4:15pm Jul 15, 2008 4:15pm
Ok guys, this is my recommendation for tonight, and what trades I am taking:

Short - Eur/Gbp (FIRST STRENGTH TRADE).
Enter @ 0.7933, SL @ 0.7983, TP1 @ 0.7883, TP2 @ AO turns green.

My advice is not to short Eur/Chf, the candle is relatively long, and there's strong imminent support. Same goes for Eur/Aud. Also, Aud/Cad has way too much resistance, so I'm not trading that.

Concerning Eur/Jpy and Gbp/Jpy, (not only are the candles too long), in fact I am short since market open on Eur/Jpy & Gbp/Jpy, and now may be too late to enter.
  • #1,331
  • Jul 15, 2008 4:16pm Jul 15, 2008 4:16pm
ea enterd
E/C
A/C
E/G
U/J
E/A


EURO AUS ea enterd only one trade not 2 , maybe a bug ?
thanks
  • #1,332
  • Jul 15, 2008 4:27pm Jul 15, 2008 4:27pm
Quoting dolphin
Hello, I am going to take this one: EURGBP.
Good decision.
  • #1,333
  • Jul 15, 2008 4:34pm Jul 15, 2008 4:34pm
To ASH's point just entering a trade because all the indicators line up is risky without other considerations. With that said if you are mechanically trading this way or on auto with an EA your win lose ratio will be marginal. Trader discretion considering candle patterns, support and resistance as well as fundamentals are all worth considering before taking a postion. Knowing when not to trade is a discipline that takes time and patience to master. If it were as easy as just jumping in and setting SL and TP this would be the holy grail and we would not need anything else. There is no Holy Grail but your own ability to master the space between your ears and develop your individual trading style that works for you. Thanks Ash again for Pipnailer and the Daily system which by using I have gotten alot farther down the road in becoming successfull at this.
  • #1,334
  • Edited 5:16pm Jul 15, 2008 4:58pm | Edited 5:16pm
Quoting forexmoments
Good decision.
forexmoments,

I am FXDD as yours.

My EA had entered (TakeSSTrade=false) First Signal Trades only:
EURGBP and EURJPY.

My judgement is: EURGBP, EURJPY, GBPJPY are all First Signal Trades.

Can I ask you, why is that candle too long is not good? It can be a strong force of downtrend, imho.


Trader8686
---------------------------
Just like to learn it better!
  • #1,335
  • Jul 15, 2008 6:06pm Jul 15, 2008 6:06pm
Quoting forexmoments
Concerning Eur/Jpy and Gbp/Jpy, (not only are the candles too long), in fact I am short since market open on Eur/Jpy & Gbp/Jpy, and now may be too late to enter.
I don't see how your beginning of the week short EURJPY trade had anything to do with your AshFX Daily system. Was this just a trade you took based on another trading setup? Other than the candle being to long for you to enter a real trade, the EURJPY signaled yesterday for a full AshFX Daily trade today. At least the way I see it.
  • #1,336
  • Jul 15, 2008 6:29pm Jul 15, 2008 6:29pm
Quoting trader8686
forexmoments,

I am FXDD as yours.

My EA had entered (TakeSSTrade=false) First Signal Trades only:
EURGBP and EURJPY.

My judgement is: EURGBP, EURJPY, GBPJPY are all First Signal Trades.

Trader8686
---------------------------
Just like to learn it better!
From a technical point of view the GBPJPY 's Stoch main had reading of 48.37 for yesterdays bar. So an EA would not take the trade as a first strength trade. Forgive me for being picky just pointing that out before I continue.

A couple of questions for anyone;
Would we still be in the GBPJPY trade from Monday? Therefore no trade today.

Disregarding the length of the bar,
Should we consider a trade on GBPJPY based on a signal bar where Monday's trade closed at TP. Should we re-enter trades in the same direction when there was a TP on a prior bar? Without the AO changing colors in between?

I'm not picking on you Trader8686. I just like your viewpoint. You also post your comments in a way I understand so I can agree or disagree. I don't usually post if I agree. Cheers
  • #1,337
  • Jul 15, 2008 6:48pm Jul 15, 2008 6:48pm
Quoting trader8686
forexmoments,

I am FXDD as yours.

My EA had entered (TakeSSTrade=false) First Signal Trades only:
EURGBP and EURJPY.

My judgement is: EURGBP, EURJPY, GBPJPY are all First Signal Trades.

Can I ask you, why is that candle too long is not good? It can be a strong force of downtrend, imho.


Trader8686
---------------------------
Just like to learn it better!


The Stoch was below 50 for GBP/JPY. Therefore it was a 2nd strength trade.
  • #1,338
  • Jul 15, 2008 6:52pm Jul 15, 2008 6:52pm
Today's trades and history.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: ashfxcurrent.gif Size: 72 KB
Click to Enlarge Name: ashfxhistory.gif Size: 59 KB
  • #1,339
  • Jul 15, 2008 7:20pm Jul 15, 2008 7:20pm
Quoting mtaboneweb
The Stoch was below 50 for GBP/JPY. Therefore it was a 2nd strength trade.
Great, and in that (sell signal) you are only checking at the Stochs red line or both (red and blue) lines?



Trader8686
---------------------------
Just like to learn it better!
  • #1,340
  • Jul 15, 2008 7:27pm Jul 15, 2008 7:27pm
Quoting nvwine
I don't see how your beginning of the week short EURJPY trade had anything to do with your AshFX Daily system. Was this just a trade you took based on another trading setup? Other than the candle being to long for you to enter a real trade, the EURJPY signaled yesterday for a full AshFX Daily trade today. At least the way I see it.
nvwine,

I think he meant, he opened his trades at the beginning of today's market. And, that has been hours ago, so it is kind of late for us, he thinks. (Well, to be honest with you, I don't think it's been too late. As long as it is a good trade and the entry price is better than hours ago while market just opened, it is ok to get in. imho.)


Trader8686
---------------------------
Just like to learn it better!

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