Quote:
Originally Posted by amochoc
Thankyou Ash for your kindness and support to share your Forex System.
I have just read this whole forum thread over the last few days and its has been a great insight towards my forever growing forex education and experience.
I appreciate you and all the contibutors inputs to making this a very welcoming environment, no matter where you come from or level of knowledge of the forex markets.
You have put a great positive spin on trading the longer timeframes.
No doubt I will have numerous questions for you all over the coming weeks/months, as I wish to eventually make worthy contributions of my experiences with you all.
So where do i start?
Well I have uploaded Ashs template, and Swingmans signals and Dashboard onto Metatrader which is a great start.
So when I get a signal, can I just look at Support/Resistance and see if there are any obstacles close by? Check the signal candle pattern? Check the Stochs are not twisted ? Check my risk management?
If I am not sure about a daily signal, can I go down to a 4hr chart and wait for a MA cross to confirm?
Also, I am in Australia, so my daily candle with GFT closes at 11am. Its not a convenient time, as I am generally at work. Does anyone know of a Metatrader broker that has a more favourable daily candle close for early in the morning eastern Australian time?
Mind you, I have noticed that even if there was a signal at my daily close time of 11am, the market doesnt really take off until the opening of the Euro Session.
Once again, I cannot thankyou enough Ash, for your generosity in time and effort to enhance our education and wishing us all success. The kind remarks when people succeed is very favourable and encouraging for newbies like myself.
Angela
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Hi Angela,
I too am in Australia, and understand how the close time can be inconvenient. The system and the signals work best when you use the FXDD Metatrader. That way you will get the same signals as Ash (and is what most of the forum comments are based on). The daily candle closes at 9:00am AEDT, and there is no Sunday candle to add confusion. Take the signals from FXDD's Metatrader, then place the trades with GFT, if that's your broker.
It's more convenient for me when we're not in Daylight Savings time as the candle closes at 8:00am, but until then, a netbook and wireless broadband can be a solution.
Remember, to trade this system purely, you must wait for the signal candle to fully close.
Good luck,
Spidey
