I dont see that pair on FXDD.
Here's the pic
- #1,724
- Jul 28, 2008 2:51pm Jul 28, 2008 2:51pm
- | Joined Dec 2006 | Status: AKA "Yen" | 1,654 Posts
Greetings from Guanajuato, Mexico
The Chart below shows the stoch presently going below the 20 line. But would this have been the entry candle, according to the system?
But without risk, no gain! Agree ?
- #1,732
- Jul 28, 2008 3:42pm Jul 28, 2008 3:42pm
- | Joined Dec 2006 | Status: AKA "Yen" | 1,654 Posts
Greetings from Guanajuato, Mexico
- #1,733
- Jul 28, 2008 5:05pm Jul 28, 2008 5:05pm
Well, getting the drugs across the border can be tricky at times, but otherwise it's great.Oh-oh, I'm in enough hot water over the beer posts . . . now I've crossed the line.
I assure one and all I'm not actually a drug runner.
This part of Mexico is awesome. Guanajuato was named a United Nations World Heritage City in recognition of its uniqueness and history. It's a beautiful city with warmhearted, hospitable residents. If you or anyone is ever thinking of a trip to Mexico, by all means include this area in your plans. You won't be disappointed.
- #1,735
- Jul 28, 2008 6:07pm Jul 28, 2008 6:07pm
- | Joined Dec 2006 | Status: AKA "Yen" | 1,654 Posts
Looks like a great place to be a paint salesman.
And, not to brag, but our Rapid Transit System is the envy of the world.
Greetings from Guanajuato, Mexico
- #1,737
- Jul 28, 2008 8:35pm Jul 28, 2008 8:35pm
- | Joined Dec 2006 | Status: AKA "Yen" | 1,654 Posts
Is some body watching this pair –AUDCAD- for a long? Is it valid for the AshFx system?
Best Regards
Hi yen44x.
I lived in Guanajuato 30 years ago and studied in La Preparatoria de la Universidad. Really nice city.
I agree, it's a very nice city with some great people.If you were here 30 years ago, we must be in the same age range, and therefore you have my sympathy.
In regard to the aud/cad chart, it appears you are not using FXDD charts, which is what the AshFX system rules recommends.
Take a look at the attached FXDD chart. The PSAR has not shifted yet, so it's definitely not a signal at this time.
Even if you choose to use the chart you attached, it appears that the AO is still red on the day that the PSAR shifted. So, again, that would not be a valid long signal per AshFX rules.
The other factor that would probably keep me out of this trade even if there were a valid signal is the significant resistance just above today's candle that has held for almost 7 weeks now.
Greetings from Guanajuato, Mexico
- #1,739
- Jul 28, 2008 9:31pm Jul 28, 2008 9:31pm
- | Joined Dec 2006 | Status: AKA "Yen" | 1,654 Posts
Very, very soon it would be a very nice LONG trade. I am sure it will be confirmed by AshFx_Daily.
What do you all think?
Juan Carlos
1. Significant resistance at around 0.9840 that has held for the last few weeks. We both marked an uptrend line on our charts, but price action has definitely stalled at the resistance area.
2. This pair is at a record high. The Momentum indicator is not part of the AshFX system, but I do take a look at it, and we're clearly seeing evidence of reduced momentum on both Daily and Weekly charts.
The really nice long trade opportunities began several months ago at the start of 2008. Since then, price has climbed about 1200 pips. Now that I'm seeing a lot of resistance, I'm not sure I want to jump on a Long signal just in hopes that the pair will continue to climb.
The one factor that would probably cause me to enter this trade, and it would be based on technical trading rather than AshFX rules, would be if I saw a significant break of the resistance area. If that happened, I would look for a retrace back to the previous resistance area and then place a Long trade with a fairly tight stop loss assuming that this area would now become a support zone.
That's my take on how I would handle it. That's the great thing about trading. It's like looking at art . . . everyone has a slightly different perspective on what they're seeing.
If a signal comes, and you decide to take the trade, good luck and I'll be cheering you on from the sidelines.
On the other hand, if a valid short signal shows up soon on this pair, I'll be all over that. The retracement possibilities look sweet.
Greetings from Guanajuato, Mexico