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AshFX Daily

  • #2,041
  • Aug 9, 2008 4:10pm Aug 9, 2008 4:10pm
Quoting yen44x
You are correct regarding the 7/15 trade. However, I believe airx3000 was referring to a different trade, because his post is commenting on his results since 8/1. I think the GBP/CHF short trade he was referring to was on 8/4 (check this link: http://www.forexfactory.com/showpost...postcount=1914).

However, that short signal never occurred on the FXDD chart. Apparently the signal appeared at some brokers, but not on FXDD, which as noted before is the broker Ash recommends for AshFX signals. If FXDD signals had been used instead, the last signal on GBP/CHF was on 7/17, a long trade that proved to be profitable as shown on the attached chart.
Thanks for clearing that up. Much better if every one used Fxdd. By the way if you read this Ash my apoligies for calling you Waterflame. Only other thread I use .http://www.forexfactory.com/images/icons/icon14.gif
  • #2,042
  • Aug 10, 2008 6:56am Aug 10, 2008 6:56am
Quoting yen44x
Have you looked at www.babypips.com? They do a nice job of explaining trading basics. Here's a couple of their links that discuss support and resistance as well as Fibonacci:

http://www.babypips.com/school/suppo...esistance.html

http://www.babypips.com/school/fibonacci_who.html

Once you develop an eye for it, you should be able to note significant S & R on any chart with just a quick glance.

Good luck with it.
THANK YOU VERY MUCH FOR THE PROMPT REPLY, YEN. PLEASE I STILLL NEED TO CLARIFY SOME THING.
LIKE TAKING ACTIONFOREX PIVOT POINT AS AN EXAMPLE.
THEY GIVE PIVOT POINTS AS WELL AS FIRONACCI FIGURES.
ASSUMING THAT YOU ARE LIKELY TO GET THE TREND DIRECTION CORRECT,
DOES THAT MEANS THAT WHEN EVER THE FIGURES REACH OR CLOSE TO FIBONACCI POINTS, ITS LIKELY FOR RETRACEMENT TO OCCUR?
THAT IS WHAT I AM NOT RELY CLEAR ABOUT.
We Win Some, We Loose Some, But Let your Win Rates be More to be Successful
  • #2,043
  • Aug 10, 2008 8:02am Aug 10, 2008 8:02am
Quoting adeforex
THANK YOU VERY MUCH FOR THE PROMPT REPLY, YEN. PLEASE I STILLL NEED TO CLARIFY SOME THING.
LIKE TAKING ACTIONFOREX PIVOT POINT AS AN EXAMPLE.
THEY GIVE PIVOT POINTS AS WELL AS FIRONACCI FIGURES.
ASSUMING THAT YOU ARE LIKELY TO GET THE TREND DIRECTION CORRECT,
DOES THAT MEANS THAT WHEN EVER THE FIGURES REACH OR CLOSE TO FIBONACCI POINTS, ITS LIKELY FOR RETRACEMENT TO OCCUR?
THAT IS WHAT I AM NOT RELY CLEAR ABOUT.
You're asking about a specific company, and I know nothing about them, so I don't feel comfortable answering that question, adeforex.

I will tell you my experience. I did not do well at all trading with pivot points. That doesn't mean there's not any merit to them; I just never felt confident using them. Other traders, conversely, swear by pivot points. You need to find the "shoe" that's comfortable for you. In other words, find a style of trading that fits you and that you will feel comfortable with.

In regard to fib points, my suggestion to you would be to practice and observe how price reacts around the various fib lines, and then incorporate that into your trading style.

In general, I do much better not relying on information provided by outside sources, but that's just my personal opinion. The things I look at in deciding on a trade are strong support and resistance areas, as well as fib and trend lines. I don't make it a lot more complicated than that.
Greetings from Guanajuato, Mexico
  • #2,044
  • Aug 10, 2008 12:09pm Aug 10, 2008 12:09pm
Quoting yen44x
You're asking about a specific company, and I know nothing about them, so I don't feel comfortable answering that question, adeforex.

I will tell you my experience. I did not do well at all trading with pivot points. That doesn't mean there's not any merit to them; I just never felt confident using them. Other traders, conversely, swear by pivot points. You need to find the "shoe" that's comfortable for you. In other words, find a style of trading that fits you and that you will feel comfortable with.

In regard to fib points, my suggestion to you would be to practice and observe how price reacts around the various fib lines, and then incorporate that into your trading style.

In general, I do much better not relying on information provided by outside sources, but that's just my personal opinion. The things I look at in deciding on a trade are strong support and resistance areas, as well as fib and trend lines. I don't make it a lot more complicated than that.
thank you yen.i really appreciate your assistance.sorry to bother you one more time.i am trying to build my system and not depend on anyone as you have said.i have read babypips on related subjectmy trouble is how can i use fibonacci tools on metatrader to know what to plot as you traders are doin it by supporting it with support and resistance level.please am sorry if this is not a good question to ask but am still learning and i want to make more money
We Win Some, We Loose Some, But Let your Win Rates be More to be Successful
  • #2,045
  • Aug 10, 2008 2:41pm Aug 10, 2008 2:41pm
Quoting adeforex
thank you yen.i really appreciate your assistance.sorry to bother you one more time.i am trying to build my system and not depend on anyone as you have said.i have read babypips on related subjectmy trouble is how can i use fibonacci tools on metatrader to know what to plot as you traders are doin it by supporting it with support and resistance level.please am sorry if this is not a good question to ask but am still learning and i want to make more money
Adeforex, to be honest, you're asking this question in the wrong thread. I do encourage everyone to study S/R and Fibs, and I applaud you for your efforts to learn it, but I think that is beyond the scope of this thread.

Please don't take this in the wrong way, but maybe you can ask in the rookie section?
  • #2,046
  • Aug 10, 2008 3:43pm Aug 10, 2008 3:43pm
Evening All

I see the below trades for tomorrow.

EurGbp - Short

EurJpy - Short

EurCad - Short

These are all SS trades and the stop loss on the first two will be quite big. I prefer the EurCad trade.

What do you guys think?
  • #2,047
  • Aug 10, 2008 3:50pm Aug 10, 2008 3:50pm
Quoting ljr
Evening All

I see the below trades for tomorrow.

EurGbp - Short

EurJpy - Short

EurCad - Short

These are all SS trades and the stop loss on the first two will be quite big. I prefer the EurCad trade.

What do you guys think?
I see all of these too. With regard to EUR/CAD - it would appear to be just above the long term trend line (since Oct 2007) which makes me nervous.

All of them have cons against them in terms of S/R too. Still thinking whether to trade any of them TBH!
James The Beekeeper
  • #2,048
  • Aug 10, 2008 4:00pm Aug 10, 2008 4:00pm
Hi Guys,

As i try to get used to this system and apply it correctly, i would require assistance from ye noble and wise men. I would like to get your opinions to decide if my interpretations of what i see are consistent with the system.

As we await the opening of a new trading week (FXDD Brokers), i think i see the following, for which i humbly ask your sincere evaluation:

Eur/Jpy: New Psar Dot appeared on the top of the 080808 candle, candle in question closed short, stoch below 50 line but not at the 20 line, AO & AC are in red. Isn't this what the system refered to as a SS entry signal? Is it a valid one by the rules, or are there other things i am not noticing?

Eur/Cad & Chf/Jpy: Psar above candle. Candle closed short, stochs are down, but the Ac and Ao are not in full agreement; do these also qualify?

Please give me your sincere evaluations. ASH, YEN, i hope you are there? ... and of course, everyone else.
  • #2,049
  • Aug 10, 2008 4:03pm Aug 10, 2008 4:03pm
Quoting edeyj999
I see all of these too. With regard to EUR/CAD - it would appear to be just above the long term trend line (since Oct 2007) which makes me nervous.


All of them have cons against them in terms of S/R too. Still thinking whether to trade any of them TBH!

I see what you mean, although there is also strong resistance in the 16200 area which is forming a tight wedge. Its got to break either way. I think I favour down as the Euro is under pressure currently.
Attached Image (click to enlarge)
Click to Enlarge Name: EurCad.JPG Size: 79 KB
  • #2,050
  • Aug 10, 2008 4:05pm Aug 10, 2008 4:05pm
Quoting Andigho
Hi Guys,

As i try to get used to this system and apply it correctly, i would require assistance from ye noble and wise men. I would like to get your opinions to decide if my interpretations of what i see are consistent with the system.

As we await the opening of a new trading week (FXDD Brokers), i think i see the following, for which i humbly ask your sincere evaluation:

Eur/Jpy: New Psar Dot appeared on the top of the 080808 candle, candle in question closed short, stoch below 50 line but not at the 20 line, AO & AC are in red. Isn't this what the system refered to as a SS entry signal? Is it a valid one by the rules, or are there other things i am not noticing?

Eur/Cad & Chf/Jpy: Psar above candle. Candle closed short, stochs are down, but the Ac and Ao are not in full agreement; do these also qualify?

Please give me your sincere evaluations. ASH, YEN, i hope you are there? ... and of course, everyone else.
Correct on EUR/JPY and also see EUR/GBP - similar set up. EUR/CAD is correct too as AO is still green but qualifies as SS. CHF/JPY not acceptable as AC is green.
James The Beekeeper
  • #2,051
  • Aug 10, 2008 4:07pm Aug 10, 2008 4:07pm
Quoting Andigho
Hi Guys,

As i try to get used to this system and apply it correctly, i would require assistance from ye noble and wise men. I would like to get your opinions to decide if my interpretations of what i see are consistent with the system.

As we await the opening of a new trading week (FXDD Brokers), i think i see the following, for which i humbly ask your sincere evaluation:

Eur/Jpy: New Psar Dot appeared on the top of the 080808 candle, candle in question closed short, stoch below 50 line but not at the 20 line, AO & AC are in red. Isn't this what the system refered to as a SS entry signal? Is it a valid one by the rules, or are there other things i am not noticing?

Eur/Cad & Chf/Jpy: Psar above candle. Candle closed short, stochs are down, but the Ac and Ao are not in full agreement; do these also qualify?

Please give me your sincere evaluations. ASH, YEN, i hope you are there? ... and of course, everyone else.
You are correct about Eur/Jpy and EurCad but according to the rules its only AO that doesn't have to be compliant so as far as i know Chf/Jpy would not be a trade based on this system
  • #2,052
  • Aug 10, 2008 4:08pm Aug 10, 2008 4:08pm
All three SS trades have gapped down at the open increasing risk, decreasing reward. Most noticeable on EUR/CAD & EUR/JPY. I'm staying out, hope something better turns up tomorrow.
  • #2,053
  • Aug 10, 2008 4:10pm Aug 10, 2008 4:10pm
Quoting kenshin
All three SS trades have gapped down increasing risk, decreasing reward. I'm staying out, hope something better turns up tomorrow.
Think you are correct. Still have the EUR/CHF trade from last week to keep my interest!
James The Beekeeper
  • #2,054
  • Aug 10, 2008 4:11pm Aug 10, 2008 4:11pm
Quoting kenshin
All three SS trades have gapped down increasing risk, decreasing reward. I'm staying out, hope something better turns up tomorrow.
Yes i see EurCad has gapped about 100 pips!! I think it will retrace first. I won't be entering this now. Will wait to see how far it retraces
  • #2,055
  • Aug 10, 2008 4:17pm Aug 10, 2008 4:17pm
I was just preparing for the week ahead and noticed that at 22:00 GMT Sunday 10 August, the EUR price gapped down it opened massively below previous closes on several pairs.

I was looking at SS trades on several EUR pairs using this system but, although I am a beginner, I believe that gapping isn't good when about to place a trade. I am staying out of any trades.

Am I right or wrong to be so cautious?
  • #2,056
  • Aug 10, 2008 4:18pm Aug 10, 2008 4:18pm
Maybe you can wait until a retrace back to at least last weeks close, then enter. I'll probably miss it coz I gotta get some sleep. I stayed up just so I could witness this debacle. lol. Oh well, good luck all.

On second thoughts I'd probably still stay out even with a retrace.
  • #2,057
  • Aug 10, 2008 4:21pm Aug 10, 2008 4:21pm
Quoting jazzyjatt
I was just preparing for the week ahead and noticed that at 22:00 GMT Sunday 10 August, the EUR price gapped down it opened massively below previous closes on several pairs.

I was looking at SS trades on several EUR pairs using this system but, although I am a beginner, I believe that gapping isn't good when about to place a trade. I am staying out of any trades.

Am I right or wrong to be so cautious?
You are perfectly correct. Best to stay out if you are not sure. I'm going to watch for a while before doing anything. I think there is going to be a lot of volatility especially with what has been going on this weekend in Georgia
  • #2,058
  • Aug 10, 2008 5:33pm Aug 10, 2008 5:33pm
clear signal short EUR/AUD& EUR/CHF SHORT exite 100pipesiam shorted 2 pairs
  • #2,059
  • Aug 10, 2008 5:41pm Aug 10, 2008 5:41pm
Quoting sps8
clear signal short EUR/AUD& EUR/CHF SHORT exite 100pipesiam shorted 2 pairs
What broker is that on. Not FXDD?
  • #2,060
  • Aug 10, 2008 7:35pm Aug 10, 2008 7:35pm
morning all,
ho,ho,ho
ey +114(manuell closed)
chfy +60(ts closed)
ecad open

thank ash

grüße aus berlin Kittiman
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