AshFX Daily | Page 109 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

dx and ex daily and EU daily 3 replies

Daily Highs and Lows to Previous Daily Highs and Lows 1 reply

AshFX Daily (EA - MTaboneWeb) 250 replies

GBP/USD daily pip movement vs. EUR/USD daily pip movement 3 replies

Attachments: AshFX Daily
Exit Attachments

AshFX Daily

  • #2,161
  • Aug 18, 2008 2:07pm Aug 18, 2008 2:07pm
Quoting lrathi
I have done some price analysis on wkly and daily charts. I personally would wait to follow the Ashfx rules and see the candle at the EOD.Price has bounced off(down) from the resistance we see on the weekly. The next day or so will tell it all. I agree with your Cluster of support zone.
LR
USDCHF will soon be back at 1.20 levels, and as far as i know it will become a carry trade in Q2 of 2009, so keep trading and making lots of $$$
lol
  • #2,162
  • Aug 18, 2008 2:08pm Aug 18, 2008 2:08pm
hey guys,

what do you think of NZD/USD. Still valid to take a long?
  • #2,163
  • Aug 18, 2008 2:17pm Aug 18, 2008 2:17pm
what is ASH SS?


Quoting lrathi
I have done my price action analysis on weekly and daily charts.

I have attached 3 charts: a) longterm weekly the way I see it.
b) weekly chart c) daily chart.

Weekly chart: downtrend, retraced at the 38.2% and now currently resumes its downtrend. Broken the uptrendline.(corrective wave UP). I see HEADS & SHOULDER (H&S)PATTERN and done some fib expansion and fib extension studies for potential profit targets. THE very longterm P/T coincies with the H&S target projection of ~$75.00-$77.00. Let us see what happens. P/T cluster of FExpansion(61.8%) and FExtension(161.8%) of ~$90.00 is shown.

Daily chart: The AshFX SS signal is a retracement of the downtrend. The R:R and resistance seen does not indicate a good trade.

Comments welcome,
LR
  • #2,164
  • Aug 18, 2008 2:21pm Aug 18, 2008 2:21pm
Quoting adeforex
uscad is looking nice.is there any hope for few hundreds pips?
Hi
Dont forget when the psar forms above the candle it has to be bearish not bullish candle as in your chart.
  • #2,165
  • Aug 18, 2008 2:29pm Aug 18, 2008 2:29pm
thats what i mean, i shall wait for new candle and see.it should be ss trade for ashrule if its whot trading.few hours from now will tell
We Win Some, We Loose Some, But Let your Win Rates be More to be Successful
  • #2,166
  • Aug 18, 2008 2:29pm Aug 18, 2008 2:29pm
Before I backtest this system, does anyone have a rough figure of what the max drawdown has been in backtests?
  • #2,167
  • Aug 18, 2008 2:33pm Aug 18, 2008 2:33pm
Quoting blackdog
Hi
Dont forget when the psar forms above the candle it has to be bearish not bullish candle as in your chart.
i understand. the candle is bearish in the chat.look at it well.check your fxdd, then the stoch is crossing down,iao red, ac, red. so it follows ashrule,
the next candle will tell if it is going to be ss trade
We Win Some, We Loose Some, But Let your Win Rates be More to be Successful
  • #2,168
  • Aug 18, 2008 3:05pm Aug 18, 2008 3:05pm
Quoting adeforex
i understand. the candle is bearish in the chat.look at it well.check your fxdd, then the stoch is crossing down,iao red, ac, red. so it follows ashrule,
the next candle will tell if it is going to be ss trade
You are wrong Ade as the candle on FXDD is green(bullish);that makes it invalid according to Ash FX rule.Either as an FS or SS trade.

You don't need to force the trade.Just let it pass;another one will always come.
  • #2,169
  • Aug 18, 2008 3:09pm Aug 18, 2008 3:09pm
Did anyone go Long on the CADJPY yesterday as it looked valid???
  • #2,170
  • Aug 18, 2008 3:27pm Aug 18, 2008 3:27pm
Quoting femzy112
Did anyone go Long on the CADJPY yesterday as it looked valid???

I am in a small long cadjpy will add lower as I feel 106 is ver likely
  • #2,171
  • Aug 18, 2008 3:39pm Aug 18, 2008 3:39pm
Quoting sharon_gpl
I am in a small long cadjpy will add lower as I feel 106 is ver likely
From what i can see;price is just tested the 50 mark.I am thinkinking it might still retrace long but since i am just about getting in;i don't mind.
Attached Image (click to enlarge)
Click to Enlarge Name: cadjpy trade.gif Size: 28 KB
  • #2,172
  • Aug 18, 2008 3:46pm Aug 18, 2008 3:46pm
Quoting femzy112
From what i can see;price is just tested the 50 mark.I am thinkinking it might still retrace long but since i am just about getting in;i don't mind.

So you are also long cadjpy, what target do you have in mind. Good trades to you. thanks
  • #2,173
  • Aug 18, 2008 3:53pm Aug 18, 2008 3:53pm
Quoting sharon_gpl
So you are also long cadjpy, what target do you have in mind. Good trades to you. thanks



Nop i missed the trades as i had some issues ere....i am just looking to get in now...
  • #2,174
  • Aug 18, 2008 4:11pm Aug 18, 2008 4:11pm
Quoting femzy112
You are wrong Ade as the candle on FXDD is green(bullish);that makes it invalid according to Ash FX rule.Either as an FS or SS trade.

You don't need to force the trade.Just let it pass;another one will always come.
Thanks femzy for a minute I thought I had drunk to many warm bitters
and I had lost my colour vision
  • #2,175
  • Aug 18, 2008 4:27pm Aug 18, 2008 4:27pm
I think another trade in the pipeline is chfjpy. Watch out for a suitable entry. Comments welcomed
  • #2,176
  • Aug 18, 2008 5:11pm Aug 18, 2008 5:11pm
Quoting lossa
USDCHF will soon be back at 1.20 levels, and as far as i know it will become a carry trade in Q2 of 2009, so keep trading and making lots of $$$
agree with you iam holding usd/chf to 1,20 &eur/usd 1,33 happy trading
  • #2,177
  • Aug 18, 2008 6:23pm Aug 18, 2008 6:23pm
Quoting femzy112
Did anyone go Long on the CADJPY yesterday as it looked valid???
Thas weir....I do not have the CADJPY in my FXDD account....
  • #2,178
  • Aug 18, 2008 6:35pm Aug 18, 2008 6:35pm
Quoting leņador
Thas weir....I do not have the CADJPY in my FXDD account....
Try - Open the 'market watch' window. Right mouse click in it and select 'show all' from the drop down menu.
  • #2,179
  • Aug 19, 2008 12:50am Aug 19, 2008 12:50am
Quoting sharon_gpl
I am in a small long cadjpy will add lower as I feel 106 is ver likely
Can you share your PRICE ACTION ANALYSIS in a chart to show your reason why you think CADJPY will reach 106.00.

Also your reason for 1.2000 and USDCHF and eurusd at the 1.4000 zone.


Thanks,

LR
  • #2,180
  • Aug 19, 2008 1:36am Aug 19, 2008 1:36am
did anyone compile a record of trades, winners/losers since they started trading this system ?
Twitter: @forexpokerpro
1 trader viewing now