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AshFX Daily

  • #2,261
  • Aug 23, 2008 3:14am Aug 23, 2008 3:14am
Quoting Chuckb
I only took 2 trades.
Sold ChfUsd @1.0858 Stop loss hit for a 140 pip loss x2.
Bought Aus Usd @0.8806 Stop loss @.8590.
Still in .
Hi,

I suppose UsdChf should be a 2nd strength trade, where u shouldn't stop out yet?
  • #2,262
  • Aug 23, 2008 4:36am Aug 23, 2008 4:36am
Quoting trustGod1234
Me too AUDUSD...LOSSS GBPUSD...LOSS EURUSD...LOSS USDCHF...LOSS USDJPY...LOSS Total -600 and something ALL liive trades and still running. I need some comments from anyone. Where is Ash?
GBPUSD is still not a valid trade on FXDD platform(recommended broker as it does not have a SUNDAY CANDLE). Should not have entered the trade.

The rest are all SS trades. The direction of EURUSD,AUDUSD,GBPUSD is UP, USDCHF and USDJPY is SHORT.

Depending on your leverage and account balance, if your account can handle it lower or higher your stops. The trades should make profit. Yes the drawdown is high because it is the daily TF.

If either of the stochastic lines are above or below 50 line it is considered an SS trade.( This is my understanding). STOPLOSS placement according to manual.

LR
  • #2,263
  • Aug 23, 2008 4:50am Aug 23, 2008 4:50am
Quoting lrathi
GBPUSD is still not a valid trade on FXDD platform(recommended broker as it does not have a SUNDAY CANDLE). Should not have entered the trade.

The rest are all SS trades. The direction of EURUSD,AUDUSD,GBPUSD is UP, USDCHF and USDJPY is SHORT.
Depending on your leverage and account balance, if your account can handle it lower or higher your stops. The trades should make profit. Yes the drawdown is high because it is the daily TF.

If either of the stochastic lines are above or below 50 line it is considered an SS trade.( This is my understanding). STOPLOSS placement according to manual.

LR
You are right, but with all these trades the weekly charts are the reverse, so we are counter trend trading,
  • #2,264
  • Aug 23, 2008 6:03am Aug 23, 2008 6:03am
Quoting Coffeebuff
You are right, but with all these trades the weekly charts are the reverse, so we are counter trend trading,
Perfectly correct, They are all countertrend trades for the weekly TF. Being daily charts and most of these moves were large, these particular countertrends are expected to at least 38% retracement of the move. Even maybe 50% or 61.8% retracement.Therefore for the aggressive trader, these will translate into many pips.

Some traders trade countertrends, others will trade lower timeframes eg. swingtraders will look at the daily charts for the trend and trade 1h/30m charts in the direction of the daily trend.

It depends on the trading plan for the individual trader and the TF they choose to trade.

Ashfx signals work best on daily TF but will translate to pips in the lower TF.

Several traders use Ashfx as signals with other filters.
LR
  • #2,265
  • Aug 23, 2008 6:09am Aug 23, 2008 6:09am
Hi all here..

I like this system becuse it is so easy and clear ..

it is very profitabel BUT it's foulse signels killed trader..

So i think we have to work hard to get filter in order to avoide that killer signal..

I hope to find that filter.

Thanks all Here
Never sell @ lower upward channel unless breacked and vise versa .
  • #2,266
  • Aug 23, 2008 9:39am Aug 23, 2008 9:39am
Quoting WedWed
Hi all here..

I like this system becuse it is so easy and clear ..

it is very profitabel BUT it's foulse signels killed trader..

So i think we have to work hard to get filter in order to avoide that killer signal..

I hope to find that filter.

Thanks all Here
Hi All,

I am also in very high negative pips with the Aud/Usd & Eur/Usd so lets see what happens next week

Talking about filters what about one that i nicked from another forum and if i would have had this indicator on both the Au/us & Eu/Us i would not have taken the trade

Open up an RSI indicator window with default settings then darg the willaims percentage indicator on top of the RSI window again with default settings

Make sure that the williams % is applied to previuous indicators data and thats it

When the willaims % range crossing over and above the RSI then go long and visa versa, obviosly usibg R/S & trendlines etc

I am trying it this next couple of weeks to see what it does

Thanks
Paul
  • #2,267
  • Aug 23, 2008 9:42am Aug 23, 2008 9:42am
please i want to know ,does AC and AO repaints. iam bactesting some pairs and i just want to be sure
We Win Some, We Loose Some, But Let your Win Rates be More to be Successful
  • #2,268
  • Aug 23, 2008 11:28am Aug 23, 2008 11:28am
Quoting adeforex
please i want to know ,does AC and AO repaints. iam bactesting some pairs and i just want to be sure
no it does not
  • #2,269
  • Aug 23, 2008 2:17pm Aug 23, 2008 2:17pm
Quoting WedWed
Hi all here..

I like this system becuse it is so easy and clear ..

it is very profitabel BUT it's foulse signels killed trader..

So i think we have to work hard to get filter in order to avoide that killer signal..

I hope to find that filter.

Thanks all Here
The easiest filter would have been to use the weekly as the trend, this being the case all these trades were just a little early for the imminent trend change via the weekly, in saying that all the trades will come right as long as one can tolerate the back up for a while.
  • #2,270
  • Aug 23, 2008 2:54pm Aug 23, 2008 2:54pm
Quoting adeforex
please i want to know ,does AC and AO repaints. iam bactesting some pairs and i just want to be sure
AC Repaints . Forget that one. AO is better. Does not repaint quickly
  • #2,271
  • Aug 23, 2008 4:52pm Aug 23, 2008 4:52pm
Quoting lefteye
Hi,

I suppose UsdChf should be a 2nd strength trade, where u shouldn't stop out yet?
This was borderline for me as I place my trades 2hrs before candle close.
  • #2,272
  • Aug 23, 2008 5:02pm Aug 23, 2008 5:02pm
Quoting trustGod1234
AC Repaints . Forget that one. AO is better. Does not repaint quickly
Actually, none of them repaint.
  • #2,273
  • Aug 23, 2008 5:11pm Aug 23, 2008 5:11pm
Quoting trustGod1234
Me too AUDUSD...LOSSS GBPUSD...LOSS EURUSD...LOSS USDCHF...LOSS USDJPY...LOSS Total -600 and something ALL liive trades and still running. I need some comments from anyone. Where is Ash?
Why take every trade. Some stood out and some to me were high risk. This is not the holy grail.The markets will go up down or sideways at any time. Ash's method gives us the likelyhood of a trend change,nothing more.
Are you risking too much capital .
Personaly if I was to take all of those I would be in at 5% max.
I lost less than 1% on the UsdChf
  • #2,274
  • Aug 23, 2008 5:32pm Aug 23, 2008 5:32pm
Quoting trustGod1234
Me too AUDUSD...LOSSS GBPUSD...LOSS EURUSD...LOSS USDCHF...LOSS USDJPY...LOSS Total -600 and something ALL liive trades and still running. I need some comments from anyone. Where is Ash?

http://img301.imageshack.us/img301/3...dusddh0.th.gif

if you would have taken the trade on the 23 of july(upper yellow line) - was an ash signal, and would have closed the trade on 20 august, when the downtrend lost steam, and a new signal was about to be formed you would have:
sold at: 0.9719
closed at: 0.8729
and made 990 pips profit, and that's just one pair.
quit your whining, be a man, accept the loss, and i hope you learned that proper money management is essential.
i also lost on those trades(although i did not close them yet, will see tomorrow), but i use proper money management, so i don't care if i lose some, i will always come back.
you have to understand that forex is not a get rich quick system.
if you use proper money management, you will not get rich quick, but then again you will also not go broke . give it time by using mm and you will see how nicely it compounds
Twitter: @forexpokerpro
  • #2,275
  • Aug 23, 2008 6:55pm Aug 23, 2008 6:55pm
Quoting pbalfe@tisca
Hi All,

I am also in very high negative pips with the Aud/Usd & Eur/Usd so lets see what happens next week

Talking about filters what about one that i nicked from another forum and if i would have had this indicator on both the Au/us & Eu/Us i would not have taken the trade

Open up an RSI indicator window with default settings then darg the willaims percentage indicator on top of the RSI window again with default settings

Make sure that the williams % is applied to previuous indicators data and thats it

When the willaims % range crossing over and above the RSI then go long and visa versa, obviosly usibg R/S & trendlines etc

I am trying it this next couple of weeks to see what it does

Thanks
Paul
Actualy this looks interesting. Looking back it certainly filters out a lot trades both good and bad.
I will forward test this over a few months as back testing is not the same as what you see at the end of the day.
  • #2,276
  • Aug 23, 2008 9:03pm Aug 23, 2008 9:03pm
Quoting lossa
have you tried your system on the logarythmical charts? how does this compare to regular ones?
Why dont you try it and share your results on the forum!

LR
  • #2,277
  • Aug 23, 2008 9:06pm Aug 23, 2008 9:06pm
Quoting BBPI_fxtrader
http://img301.imageshack.us/img301/3...dusddh0.th.gif

if you would have taken the trade on the 23 of july(upper yellow line) - was an ash signal, and would have closed the trade on 20 august, when the downtrend lost steam, and a new signal was about to be formed you would have:
sold at: 0.9719
closed at: 0.8729
and made 990 pips profit, and that's just one pair.
quit your whining, be a man, accept the loss, and i hope you learned that proper money management is essential.
i also lost on those trades(although i did not close them yet, will see tomorrow), but i use proper money management, so i don't care if i lose some, i will always come back.
you have to understand that forex is not a get rich quick system.
if you use proper money management, you will not get rich quick, but then again you will also not go broke . give it time by using mm and you will see how nicely it compounds
Please could you try posting your charts via Manage attachments(see post 2245) . It would help greatly to see the detail. Another suggestion use the vertical line tool to show entry or exit signals.

LR
  • #2,278
  • Aug 23, 2008 9:19pm Aug 23, 2008 9:19pm
Eur/Chf SS Long.
Coming up against 61% fib,Double Top and trend line.
Needs to break to upside for long term continuation or downside for short term continuation.
At 150 pip stop and resist at 110 pip not for me.
Comments??
  • #2,279
  • Aug 23, 2008 9:20pm Aug 23, 2008 9:20pm
Quoting Chuckb
Why take every trade. Some stood out and some to me were high risk. This is not the holy grail.The markets will go up down or sideways at any time. Ash's method gives us the likelyhood of a trend change,nothing more.
Are you risking too much capital .
Personaly if I was to take all of those I would be in at 5% max.
I lost less than 1% on the UsdChf
I agree.

LR
  • #2,280
  • Aug 23, 2008 9:23pm Aug 23, 2008 9:23pm
Quoting Coffeebuff
The easiest filter would have been to use the weekly as the trend, this being the case all these trades were just a little early for the imminent trend change via the weekly, in saying that all the trades will come right as long as one can tolerate the back up for a while.
Totally agree! Trade with the trend because TREND IS YOUR FRIEND!

Best filter. We all are taught this but few stick to it 100% of the time. I call it GREED,IMPATIENT,LACK OF DISCIPLINE, any more .....

LR
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