27-10-2009, 07:58
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Member
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Join Date: Aug 2009
Location: Israel
Posts: 40
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Quote:
Originally Posted by AshFX
Ok, so today we have 4 setups on the AshFX V2 System:
- SELL EUR/USD
- SELL AUD/USD
- SELL NZD/USD
- BUY USD/CHF
For the EUR/USD, the candle is too long, plus it's basically just bounced off the 38.2 Fib line, so a bit of a risky setup.
The AUD/USD looks like a good setup, the candle isn't too long, the Stochs look smooth, and the upper wick is longer than the lower wick. I'll be entering this.
The NZD/USD looks OK, not as good as the AUD/USD, but still worthwhile taking it in my opinion. Upper wick is longer than lower wick - good bearish sign.
The USD/CHF would have been a good setup had it not been for the long candle!
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Thanks Ash,
I'll take the AUD/USD, looks the best of all 4 setups.
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