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AshFX Daily

  • #1,521
  • Jul 21, 2008 2:43pm Jul 21, 2008 2:43pm
Quoting femzy112
Aren't we reviewing any trades today??

I can only see USDJPY(Canlde still red and Stoch above 50) and maybe EURCHF (Stoch crossed 50 and AO still red )both as Long SS trades.

What are your opinions too????????
USD/JPY - stoch currently sitting above 84 with signal at 64. Unless something changes in the next hour or so I guess this trade would be invalid.

Doesn't appear to be anything else setting up.
James The Beekeeper
  • #1,522
  • Jul 21, 2008 3:50pm Jul 21, 2008 3:50pm
I think NZDUSD is in good position to trade. Certainly LONG
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  • #1,523
  • Jul 21, 2008 3:56pm Jul 21, 2008 3:56pm
Quoting ventor
I think NZDUSD is in good position to trade. Certainly LONG
Hi Ventor,
Thats a 1H chart. Be carefull.
Juan Carlos
  • #1,524
  • Jul 21, 2008 3:58pm Jul 21, 2008 3:58pm
Any other trade?
  • #1,525
  • Jul 21, 2008 3:58pm Jul 21, 2008 3:58pm
You are right ! I'm tired
  • #1,526
  • Jul 21, 2008 3:59pm Jul 21, 2008 3:59pm
Quoting pbalfe@tisca
Me too, looks like we have to watch it hit stop loss soon

Paul
Basically, I think that this pair: EUR/GBP is crazy and undecisive, it is not quite sure where to go, up or down?
  • #1,527
  • Jul 21, 2008 4:06pm Jul 21, 2008 4:06pm
Quoting trader8686
Basically, I think that this pair: EUR/GBP is crazy and undecisive, it is not quite sure where to go, up or down?
You are sooooo right, it's doing my head in, i know if i pull out it will go down but if i stay with it it will go up
Something about murphys law, i am sticking with it - do or die i say

Paul
  • #1,528
  • Jul 21, 2008 5:11pm Jul 21, 2008 5:11pm
Quoting pbalfe@tisca
You are sooooo right, it's doing my head in, i know if i pull out it will go down but if i stay with it it will go up
Something about murphys law, i am sticking with it - do or die i say

Paul
You funny, even I lost money I am happy here!
  • #1,529
  • Jul 21, 2008 5:22pm Jul 21, 2008 5:22pm
Paul,

The truth is that I only pick up the FS to trade, not even give it a chance to the SS trades. Why we are still stopped out by the S/L, like AUD/JPY stopped out on 07/17, like this pair: EUR/GBP who knows?

The reason I figured out is, we are trading against the trend, both pairs are above 200 SMA, and we are in Sell trading.

I just received a good advice from yen44, target a smaller TP for this kind of trades (when trading against the trend).

Hope this will help us all.
  • #1,530
  • Jul 21, 2008 5:43pm Jul 21, 2008 5:43pm
Quoting trader8686
Paul,

The truth is that I only pick up the FS to trade, not even give it a chance to the SS trades. Why we are still stopped out by the S/L, like AUD/JPY stopped out on 07/17, like this pair: EUR/GBP who knows?

The reason I figured out is, we are trading against the trend, both pairs are above 200 SMA, and we are in Sell trading.

I just received a good advice from yen44, target a smaller TP for this kind of trades (when trading against the trend).

Hope this will help us all.
Hi,

Yes i agree, only go for Full Strength trades, watch the 200 sma, and even then go for T/P at low or high of nearest candle. or the swing low or high if its close to entry that is
If you look at Eur/GB, we entered on 16/7 and the nearest low was on candle of 7/7, if i would have done that it shows the candle of 16/7 hit the low of same candle on 7/7

Now i know what i am going to do in future, you know my father always said ( bless his cotton socks) that the only way to gain experience is to lose hard earned money or worse still get a smack in the face with a cold wet fish, you never forget that feeling - although so far have not had an experience with a cold wet fish yet and dont intend to

i think todays candle is going to hit 0.7976 0.7986 and the stochs are crossing up

Paul
  • #1,531
  • Jul 21, 2008 6:45pm Jul 21, 2008 6:45pm
Quoting pbalfe@tisca
Hi,

Yes i agree, only go for Full Strength trades, watch the 200 sma, and even then go for T/P at low or high of nearest candle. or the swing low or high if its close to entry that is
If you look at Eur/GB, we entered on 16/7 and the nearest low was on candle of 7/7, if i would have done that it shows the candle of 16/7 hit the low of same candle on 7/7

Now i know what i am going to do in future, you know my father always said ( bless his cotton socks) that the only way to gain experience is to lose hard earned money or worse still get a smack in the face with a cold wet fish, you never forget that feeling - although so far have not had an experience with a cold wet fish yet and dont intend to

i think todays candle is going to hit 0.7976 0.7986 and the stochs are crossing up

Paul
Is that right? It may be a good way to TP. Thanks for sharing!
  • #1,532
  • Jul 21, 2008 10:51pm Jul 21, 2008 10:51pm
Hi Ash thanks for this great contribution. It really helps me a lot because I'm still new on forex.

I have a question for you, which do you prefer in taking profits: Set your TP as the same to your SL or wait for AO to change into opposite color. Please give your insights. Thanks



Cheers,

Vanz
  • #1,533
  • Jul 21, 2008 11:03pm Jul 21, 2008 11:03pm
Quote
Hi Ash thanks for this great contribution. It really helps me a lot because I'm still new on forex.

I have a question for you, which do you prefer in taking profits: Set your TP as the same to your SL or wait for AO to change into opposite color. Please give your insights. Thanks

same question here.
  • #1,534
  • Jul 21, 2008 11:26pm Jul 21, 2008 11:26pm
Quoting jcllosag
Hi Ventor,
Thats a 1H chart. Be carefull.
Juan Carlos
Hi I'm still new at this stuff. May I know the dangers that 1H chart pose. Which TF do you usually use?
  • #1,535
  • Jul 21, 2008 11:47pm Jul 21, 2008 11:47pm
Quoting atayawa
Hi I'm still new at this stuff. May I know the dangers that 1H chart pose. Which TF do you usually use?
Its is callled daily(hint) there is a PDF. The first post of threads usually contain the system specifics. There sometimes are PDF's or word doc's summarizing. Hope it helps. Good Luck.

All the signals for this system depend on a series of indicators in agreement on the daily chart(ONLY)

There is a similiar system for multiple time frames called Pipnailer as well and a thread.
  • #1,536
  • Jul 22, 2008 10:40am Jul 22, 2008 10:40am
Got this new alerts maybe someone could check..
Attached Image
Online Prop Firms are not the solution
  • #1,537
  • Jul 22, 2008 10:56am Jul 22, 2008 10:56am
me too..
Confirmed
  • #1,538
  • Jul 22, 2008 12:46pm Jul 22, 2008 12:46pm
Quoting atayawa
Hi Ash thanks for this great contribution. It really helps me a lot because I'm still new on forex.

I have a question for you, which do you prefer in taking profits: Set your TP as the same to your SL or wait for AO to change into opposite color. Please give your insights. Thanks



Cheers,

Vanz
I use both for AshFX Daily. Close half position on each of the TPs.
  • #1,539
  • Jul 22, 2008 1:42pm Jul 22, 2008 1:42pm
Hey Ash what is your take on the USDCAD trade setup??
  • #1,540
  • Jul 22, 2008 3:38pm Jul 22, 2008 3:38pm
Ash, we are waiting for tonights alerts? Thanks.
Personally I dont see any signal.
Juan Carlos
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