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AshFX Daily

  • #2,361
  • Sep 1, 2008 1:42am Sep 1, 2008 1:42am
Quoting Chuckb
Never had Eur/Cad on my screen.
Close to a double bottom and Fib support.
I would have taken that trade.
EURCAD is a valid ashfx signal. I am giving it a miss. Reasons: weekly looks bearish to me. Will enter when it presents a short signal.

Weekly has a reversal candle at support.

LR
  • #2,362
  • Sep 1, 2008 2:36am Sep 1, 2008 2:36am
Quoting lrathi
EURCAD is a valid ashfx signal. I am giving it a miss. Reasons: weekly looks bearish to me. Will enter when it presents a short signal.

Weekly has a reversal candle at support.

LR
You could be right,showing resist around 1.5700
Tight stop needed I feel.
  • #2,363
  • Sep 1, 2008 2:42am Sep 1, 2008 2:42am
Quoting lrathi
EURCAD is a valid ashfx signal. I am giving it a miss. Reasons: weekly looks bearish to me. Will enter when it presents a short signal.

Weekly has a reversal candle at support.

LR
Prefer to stay out at this stage until more confirmation.

LR
Attached Image (click to enlarge)
Click to Enlarge Name: wkly eurcad.gif Size: 22 KB
  • #2,364
  • Sep 1, 2008 2:43am Sep 1, 2008 2:43am
Cad/Yen Over 120 pips close to first take profithttp://www.forexfactory.com/images/icons/icon14.gif
  • #2,365
  • Sep 1, 2008 2:52am Sep 1, 2008 2:52am
Anyone know why the gap down in Gbp crosses??
  • #2,366
  • Sep 1, 2008 3:05am Sep 1, 2008 3:05am
Quoting Chuckb
Cad/Yen Over 120 pips close to first take profithttp://www.forexfactory.com/images/icons/icon14.gif
Out at 141 ,2nd lot stop to B/Ehttp://www.forexfactory.com/images/icons/icon7.gif
  • #2,367
  • Sep 1, 2008 3:13am Sep 1, 2008 3:13am
Quoting Chuckb
Anyone know why the gap down in Gbp crosses??
No idea, according to FF calender, the next high impact newd for gbp is 4.30 pm PErth time.
Manufacturing PMI.

I noticed the GAPS too this morning on my charts.

LR
  • #2,368
  • Sep 1, 2008 3:15am Sep 1, 2008 3:15am
Quoting Chuckb
Out at 141 ,2nd lot stop to B/Ehttp://www.forexfactory.com/images/icons/icon7.gif
I am still in with my second lot, as I am using Fib expansion to exit.

I will re-enter at FE 100 if there is an opportunity as I feel it will go down to FE161.8

I brushed up some fib revision on the weekend. Some revision is alwys refreshing.

LR
  • #2,369
  • Sep 1, 2008 3:38am Sep 1, 2008 3:38am
Quoting lrathi
I am still in with my second lot, as I am using Fib expansion to exit.

I will re-enter at FE 100 if there is an opportunity as I feel it will go down to FE161.8

I brushed up some fib revision on the weekend. Some revision is alwys refreshing.

LR
Never used Fib Expansion . How cool.
By the way the boys on top seem very quite?
  • #2,370
  • Sep 1, 2008 3:42am Sep 1, 2008 3:42am
Quoting lrathi
I am still in with my second lot, as I am using Fib expansion to exit.

I will re-enter at FE 100 if there is an opportunity as I feel it will go down to FE161.8

I brushed up some fib revision on the weekend. Some revision is alwys refreshing.

LR
IR would your FE 100 be around 99.15?
  • #2,371
  • Sep 1, 2008 10:09am Sep 1, 2008 10:09am
Quoting Chuckb
IR would your FE 100 be around 99.15?
FE100=99.73

Attached is a chart with handles left on for you to see.

FE 100 is also confluence of wkly 61.8% retracement and daily Fext 127.2.

ie very srong support fib cluster. (NOT shown on chart as it will clutter the FE study.

I love Fibonacci as a tool for S&R. MORE so to find clusters.

NEal hughes from fibmaster is the guru. learnt from joe dinapoli.

What is your email?

LR
[email protected]
Attached Image (click to enlarge)
Click to Enlarge Name: dly cadjpy.gif Size: 19 KB
  • #2,372
  • Sep 2, 2008 2:51am Sep 2, 2008 2:51am
Quoting lrathi
FE100=99.73

Attached is a chart with handles left on for you to see.

FE 100 is also confluence of wkly 61.8% retracement and daily Fext 127.2.

ie very srong support fib cluster. (NOT shown on chart as it will clutter the FE study.

I love Fibonacci as a tool for S&R. MORE so to find clusters.

NEal hughes from fibmaster is the guru. learnt from joe dinapoli.

What is your email?

LR
[email protected]
Thanks for chart. I get same values when set up correctly.
[email protected]
  • #2,373
  • Sep 2, 2008 10:59am Sep 2, 2008 10:59am
Quoting Chuckb
Cad/yen leading the way.http://www.forexfactory.com/images/icons/icon10.gif
Congratulations! AUD/CAD lost
- 100 pips ...

i m not so convinced of this system, to tell the truth..
Itīs true that the Ash signals are in a drawdown since long.
And there are very few people now writing here, since some days i see only 2.
  • #2,374
  • Sep 2, 2008 11:46am Sep 2, 2008 11:46am
Ricki,

This is a great system with a few tweaks. I think the lack of volume is attributable to the system being a daily one and signals are a little less frequent than a scalping system.

Pete
  • #2,375
  • Sep 2, 2008 2:52pm Sep 2, 2008 2:52pm
Quoting PTOURNIS
Ricki,

This is a great system with a few tweaks. I think the lack of volume is attributable to the system being a daily one and signals are a little less frequent than a scalping system.

Pete
Pete,
Perhaps you could let us know what "tweaks" you have employed with the system to make it profitable.
James The Beekeeper
  • #2,376
  • Sep 2, 2008 3:48pm Sep 2, 2008 3:48pm
Quoting edeyj999
Pete,
Perhaps you could let us know what "tweaks" you have employed with the system to make it profitable.
Yes! please share your "tweaks"
  • #2,377
  • Edited 9:47pm Sep 2, 2008 8:00pm | Edited 9:47pm
Quoting ricki72
Congratulations! AUD/CAD lost
- 100 pips ...

i m not so convinced of this system, to tell the truth..
Itīs true that the Ash signals are in a drawdown since long.
And there are very few people now writing here, since some days i see only 2.
I don't think congratulations is in order for anyone losing pips.

If you can't take a loss then you should not be trading because losses are inevitable.

The only reason I do not post here regularly (the number of people posting does not indicate a successful system) is that I am testing this system by EA.

It was suggested that EA users go to a different thread. That being said I will show that the system is currently up by at least 10% in a very short period by posting my EA results to date.

Make of it what you will.
Attached Image (click to enlarge)
Click to Enlarge Name: 34 ash august 29 08.jpg Size: 261 KB
  • #2,378
  • Sep 2, 2008 9:16pm Sep 2, 2008 9:16pm
Quoting ricki72
Congratulations! AUD/CAD lost
- 100 pips ...

i m not so convinced of this system, to tell the truth..
Itīs true that the Ash signals are in a drawdown since long.
And there are very few people now writing here, since some days i see only 2.
1. Personally I would not have entered the this trade. WHY? What is the overall trend? UP or DOWN? DOWN. What tells me this? a) LOWER LOWS and LOWER HIGHS. b) 200 SMA c) weekly charts shows downtrend. d) RSI & % R indicators show downtrend clearly on the weekly chart. Boarder line on the daily chart the day ASHFX showed a buy signal.

2. ASHFX are signals NOT a trading SYSTEM. In the manual: several traders on the thread fail to understand/ignore the FINAL POINTS section and find they are taking bad trades. It has been discussed recently on this thread.

3. Just based on my reasons above for this AUDCAD you can see that traders have been telling you the filters they are using to enter sucessful trades.
I have been mentioning trading with the weekly trend for daily signals with all my price analysis charts for several weeks now. Coffeebuff suggested the RSI &%R crossover indicator to check trend status. All my charts have the 200SMA & 100SMAon them. Chuckb has shared his template on the this thread and his personal indicators.

CHUCKB has mentioned /suggested if traders could give their reasons for ENTRY and EXIT, this would help others learn.

If I may ask you what were your reasons for entry for this trade? Just the line up of askfx signals? Then after all the tweaks mentioned on the thread already you ask for more! and say that ASHFX is not good!

PLEASE re-read this thread and you may find your answers.

HAPPY TRADING!

LR
  • #2,379
  • Sep 2, 2008 10:55pm Sep 2, 2008 10:55pm
This method just provides an option. Like any opportunity it is how it is handled by the one accepting or rejecting it. There are alot of considerations when looking at a setup on the Daily. So just blindly entering when the indicators meet the criteria... is like playing craps in the back alley. Use it to learn when not to trade and minimize risk. Next time before anyone claims the method sucks first evaluate what went into the thought process before during and when exiting the trade. You might find yourself evaluating your decisions and not being critical of the method. This self reflection can only make one a better trader in the long run. Both ASh Daily and Pipnailer are excellent tools but one must always be carefull when swinging that hammer.
  • #2,380
  • Sep 2, 2008 11:01pm Sep 2, 2008 11:01pm
Could anyone let me know what are the best pairs to trade using this strategy and/or which additional "tweaks" are best? I just really don't want to read through endless pages just to find this general information.
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