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AshFX Daily

  • #2,401
  • Sep 7, 2008 6:55am Sep 7, 2008 6:55am
Hello Irathi,

i wanted to answer you this question some times ago, because it was hanging in my mind, but i was very busy.

Quoting lrathi
1. Personally I would not have entered the this trade. WHY? What is the overall trend? UP or DOWN? DOWN. (...)

If I may ask you what were your reasons for entry for this trade? Just the line up of askfx signals? (...)
here is the answer:

Quoting Chuckb
Sold Cad/Yen
Would have bought Aud/Cad.Not on my broker.
Usd/Cad not for me . At 61% fib resist.
Quoting lrathi
I agree on all your trades.

What broker do you use?
LR
Nobody wrote he wouldn t enter this trade, neither you...
Thatīs why i did it.
Ok, you didnīt have to
Sorry i didnīt check it myself. I am a beginner, i am working a lot and have few or no time left. I donīt know "fibonacci" or any S&R analysis. But i will apply your tipps now, like looking to the weekly trend, and learning fibonacci and these things... when i have time.
Your last tip looks good, iīm in. Letīs see.

@Ash, sorry for my critic, i donīt mean it.
(i was angry because i lost a lot with scalping when i was in holidays end august)
  • #2,402
  • Sep 7, 2008 9:18am Sep 7, 2008 9:18am
Quoting ricki72
Hello Irathi,

i wanted to answer you this question some times ago, because it was hanging in my mind, but i was very busy.



here is the answer:





Nobody wrote he wouldn t enter this trade, neither you...
Thatīs why i did it.
Ok, you didnīt have to
Sorry i didnīt check it myself. I am a beginner, i am working a lot and have few or no time left. I donīt know "fibonacci" or any S&R analysis. But i will apply your tipps now, like looking to the weekly trend, and learning fibonacci and these things... when i have time.
Your last tip looks good, iīm in. Letīs see.

@Ash, sorry for my critic, i donīt mean it.
(i was angry because i lost a lot with scalping when i was in holidays end august)
Thanks for your reply.

We are all busy and all trying to be successful traders too. I personally feel do not trade with real money till you see yourself consistently making money in your demo.

ASHFX manual has mentioned FINAL POiNTS which is not taken seriously or ignored. This is very very important to trade successfully plus with the line up of ASHFX indicators. Trading alone with line up of indicators is not enough.

There is alot of discretion in trading S&R and exits. ASHFX has asked new traders to learn this for themselves.

Traders on forums can give their opinions, but if you yourself are not sure to confirm their reasons and enter a trade based on their analysis blindly is not good.

Please do not depend blindly on others traders opinions, these are just guidelines and pointers. Finally please learn fibonacci S&R ,drawing of trendlines properly etc. and trade with the higher timeframe. USE ASHFX signals to enter after price analysis.

I am happy to give pointers and help those who want help . I learnt by fibonaci from NEAL HUGHES .

LR
  • #2,403
  • Sep 8, 2008 2:12am Sep 8, 2008 2:12am
Caution needed on signals generated in the next few days.
Most currencies have gapped up or down at open anywhere from 50 to 430 pips.
This will give false signals as the market does tend to fill in these gaps.
  • #2,404
  • Sep 8, 2008 2:16am Sep 8, 2008 2:16am
Quoting Chuckb
Caution needed on signals generated in the next few days.
Most currencies have gapped up or down at open anywhere from 50 to 430 pips.
This will give false signals as the market does tend to fill in these gaps.
thanks for this,
just done some revision on the theory of gaps.

for those interested:

There are four basic kinds of gaps:
1.common gaps
2.breakaway gaps
3.runaway gaps
4.exhaustion gaps

If you ever wondered what causes gaps in price charts and what they mean?
http://stockcharts.com/school/doku.p...nd_gap_analysi

Hope this helps,

LR
  • #2,405
  • Sep 8, 2008 5:59am Sep 8, 2008 5:59am
The link doesn't work....
  • #2,406
  • Sep 8, 2008 8:26am Sep 8, 2008 8:26am
Quoting mphpopular
The link doesn't work....
Sorry about this. I just copy /paste from the website.

Try:http://stockcharts.com/school/doku.p...chart_analysis

look for Gaps ans gap Analysis.

OR

www.stockcharts.com then chart school on the left column then go to gaps and gaps analysis


LR
  • #2,407
  • Edited 1:06pm Sep 8, 2008 10:34am | Edited 1:06pm
Although a ton of PSAR signals have flipped with the gaps, as of right now, none of them are showing signs of taking action. They are all going opposite the PSAR signal.

I was in 5 at the market open yesterday.

CAD/JPY triggered my SL only netting me the 1st position and BE on the 2nd. It is now back down below the SL. (

The other 4 have now come to within a couple pips of being back on the positive track as a collective.

I sold EUR/GBP last night as a standard trade. Anybody else get in it?
  • #2,408
  • Sep 8, 2008 4:42pm Sep 8, 2008 4:42pm
Irathi will tell you that the weekly trend goes up. So he wouldnīt not do this trade. Am i right?
I went in, just to see.
  • #2,409
  • Sep 8, 2008 7:26pm Sep 8, 2008 7:26pm
I took the EUR/AUD trade.

It was barely negative, which was in the direction of the PSAR flip.

The AC and AO both flipped from green to red and the Stoch is above 50 and declining.

All good sell signals.

On top of that the stop loss and the first take profit are pretty shallow. Not a ton of risk on the table.
  • #2,410
  • Sep 8, 2008 8:03pm Sep 8, 2008 8:03pm
Quoting ricki72
Irathi will tell you that the weekly trend goes up. So he wouldnīt not do this trade. Am i right?
I went in, just to see.
Sticking to my trading rules I trade LONG when price above 200MA on daily TF. and vice versa.
I did not go SHORT. I may miss a few pips in some trades but in the longterm I gain by sticking to my rules.

What I see in price action
Bearish divergence (trend weakening) on both wkly and dly charts.

If your trading plan allows you to go short,do so. Watch for support at the red down trend line and then at the green uptrendline.

LR
Attached Image (click to enlarge)
Click to Enlarge Name: dly eurgbp.gif Size: 23 KB
  • #2,411
  • Sep 8, 2008 11:38pm Sep 8, 2008 11:38pm
Quoting M&m
I took the EUR/AUD trade.

It was barely negative, which was in the direction of the PSAR flip.

The AC and AO both flipped from green to red and the Stoch is above 50 and declining.

All good sell signals.

On top of that the stop loss and the first take profit are pretty shallow. Not a ton of risk on the table.

please include chart and your trading rules.

I am finding it difficult to follow your trade.

LR
  • #2,412
  • Sep 9, 2008 3:00am Sep 9, 2008 3:00am
Quoting M&m
I took the EUR/AUD trade.

It was barely negative, which was in the direction of the PSAR flip.

The AC and AO both flipped from green to red and the Stoch is above 50 and declining.

All good sell signals.

On top of that the stop loss and the first take profit are pretty shallow. Not a ton of risk on the table.
I dont understand what signals you are trading.
The only valid signal is Eur/Gbp???
  • #2,413
  • Sep 9, 2008 3:09am Sep 9, 2008 3:09am
Quoting ricki72
Irathi will tell you that the weekly trend goes up. So he wouldnīt not do this trade. Am i right?
I went in, just to see.
Weekly in consolidation,attempted breakout to upside failed,currently overbought,a low risk trade with tight stops.
Watch as it moves through fibs and S/R lines.
  • #2,414
  • Sep 9, 2008 3:13am Sep 9, 2008 3:13am
Your Eur/Cad trade is going well. Did you re-enter at next fib.exp??
  • #2,415
  • Sep 9, 2008 9:05am Sep 9, 2008 9:05am
Quoting Chuckb
Your Eur/Cad trade is going well. Did you re-enter at next fib.exp??

I entered 2xlots for eurcad. First lot exited at 61.8 FE and second lot still open at 180+pips profit.

CADJPY opened 2xlots and exits for expected profit at 61.8% and 100% FE levels. For this trade waiting to re-enter .

I entered chfjpy on the ASHFX signal of 29.8.08. This trade is 320+ pips in profit.

There are so many trades at the moment, why go for low probabilty trades.

LR
  • #2,416
  • Sep 10, 2008 10:06am Sep 10, 2008 10:06am
Quoting lrathi
There are so many trades at the moment, why go for low probabilty trades.

LR
What pairs are you watching? I currently have the following up:

AUD/JPY
AUD/USD
CAD/JPY
CHF/JPY
EUR/AUD
EUR/CAD
EUR/CHF
EUR/GBP
EUR/JPY
EUR/USD
GBP/CHF
GBP/JPY
GBP/USD
NZD/USD
NZD/JPY
USD/CAD
USD/CHF
USD/JPY
  • #2,417
  • Sep 10, 2008 12:19pm Sep 10, 2008 12:19pm
Quoting M&m
What pairs are you watching? I currently have the following up:

AUD/JPY
AUD/USD
CAD/JPY
CHF/JPY
EUR/AUD
EUR/CAD
EUR/CHF
EUR/GBP
EUR/JPY
EUR/USD
GBP/CHF
GBP/JPY
GBP/USD
NZD/USD
NZD/JPY
USD/CAD
USD/CHF
USD/JPY
You did not mention your trading plan? nor attach any chart as to the reasons for entry.

What broker platform are you using?

Thank,
LR
  • #2,418
  • Sep 10, 2008 1:36pm Sep 10, 2008 1:36pm
are the valid daily signals usually posted here, or shall i look every day by myself the 20 pairs?
The last ones run good
  • #2,419
  • Sep 10, 2008 7:51pm Sep 10, 2008 7:51pm
Quoting ricki72
are the valid daily signals usually posted here, or shall i look every day by myself the 20 pairs?
The last ones run good
I was not aware this was a daily signal service . It is my understanding it is a forum to discuss valid signals following the ashfx method. Why dont you look daily, put up your charts explaining your entry and exit and s/l figures for forums members to discuss?

AM I missing something?

LR
  • #2,420
  • Sep 10, 2008 10:11pm Sep 10, 2008 10:11pm
I am trading the straight up plan put forth by Forexmoments in message #1.

My platform is GFT Forex.

M&M
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