The AshFX System - Version II

[MykeFX]

Originally Posted by lrathi

Thanks, I have read your previous posts but it just seemed odd you always asked what others were thinking without you committing yourself first.

I understand. You have explained enough.

PEACE!

Ok I guess I need support at times... I have already made my decision before I seek others opinions. I make my decision at 1400 PST and its usually quiet here then... Yes Peace!

[lrathi]

Originally Posted by MykeFX

Ok I guess I need support at times... I have already made my decision before I seek others opinions. I make my decision at 1400 PST and its usually quiet here then... Yes Peace!

MykeFx,

We all need support, thus we come to forums to receive this support.

As you have acknowledged you need support so does the other reading your post. TWO_WAY TRAFFIC!

If you are confident to have made your decision before you seek others opinions, this shows your confidence in trading the strategy. SHARE this confidence with others. We cannot always be correct in trading. Who cares if your opinion is different to someone else.? It is your decision, your trading style which works for you.

No one is saying MYKEFX is good, bad or whatever as a trader?

Sharing is caring.

If someone, like myself adds a suggestion, learn from it.

My expectations is each of us to have some basic standard, when using these forums.

TWo_way traffic.
CLearly show what you are saying in the chart.
Independence and effort
Flexibility and open mind to others in trading
Gratitude and goodwill.

The more we control our emotion and ego the better traders we become. Trading is also a personal development journey ,I am sure you have seen the correlation!

PEACE and look forward to your next informative trading post!

[bill77]

Originally Posted by lrathi

Bill,

On the 4h chart it seems price wants to head to the down trendline.(white)
forgot the chart! thus the edit!

hi irathi just got home, i totaly agree with you and fantastic analysis. your charting explanations are the best and clearest iv'e heard. just to add to this wanting to go down, if people can look at 4h, 1h, 30m, 15m charts they all have nice pin bars at the recent highs. together with your weekly and daily analysis, this can only go down in my opinion. just that its taking its time, mabe because usd is week which makes the aus/usd strong and keeping aus/cad afloat. dont know much about corilations but i think it makes sence. once we get eur/usd and aus/usd going down i think we will be right with the curent aus/cad trade. i entered at the retest of yesturdays high and mabe i have the stop to tight but we are going to have a funny week this week so i want to be cautious. (not risk to much). there are reports going around that this swine flue is efecting the market so i dont have 100% faith in the market for now.

sory ive had a shoking day in general. just looked at your chart again and you are sugesting this might go up to the desending uper trend line. my bad. there is a good chance. if this is the case, i am prepared to loose 20 because i feel the reward is much greater than the risk. but i am leaning to down side personaly. thanks again for the heads up.

[cencored]

Originally Posted by bill77

latest update to my earlier aus/cad trade. now i have gone down on time frames looking at whats hapening. i noticed something on 15 min chart.
what i see is, a very stuborn suport line (red line and thumb up indicates on chart). look far left how this was a resistance line now look at all the recent how its a massive suport. now i re evaluated my situation and came to this conclusion. if it breaks this suport she will sink and i am happy. but because it has tried to break it many time with no sucsess, i am starting to feel uncomfortable. especialy because it has done all the retraces that i mentioned previous posts and i expected it to move south by now, which it has not. i am not giving up on it now, but i want to move my loss just in case. so where do i move it? well if you look at my 15min chart again, you will see a blue ult resistance line (thumb facing down indicates) which is now 20 pips from my entry. apart from it being ultra resistance line, the many previous candles show it strugles also to go up any further. so all i am risking now is 20 pips and i feel comfortable loosing this if you compare to the potential of what i can win.

Just want to add, what i am doing is not ash system rules. But this trade is not ideal ash signal trade and this is why i am working my hind off, on it. if it was ideal (such as better previous candle) i would set and forget. i am just thinking out load hoping someone can pick something up from me.

Hi Bill,
I see exactly what you are talking about. However I can not put in those 8 support/resistance lines. Would you care to share that indicator please?
I think it is the right choice not to take a big loss here.

Just fought my way through 100 thread pages and it took me most of the day lol, but it was really worthwhile. Am seeking to contribute what I can from now on.

[bill77]

Originally Posted by cencored

Hi Bill,
I see exactly what you are talking about. However I can not put in those 8 support/resistance lines. Would you care to share that indicator please?
I think it is the right choice not to take a big loss here.

Just fought my way through 100 thread pages and it took me most of the day lol, but it was really worthwhile. Am seeking to contribute what I can from now on.

sure thing cencored they are murey math s&r lines. which i find more reliable than the ordinary auto pivot lines.

[cencored]

Originally Posted by bill77

sure thing cencored they are murey math s&r lines. which i find more reliable than the ordinary auto pivot lines.

Thanks I appreciate it. I only apply those lines to the lower TF (up to H1) as it gets too confusing to have that many additional lines on a daily chart.

Weird thing is: I downloaded metatrader from my broker and from another source. However AshFx System does not show the same signals on either platform. Is that normal? Very odd....

[MykeFX]

Originally Posted by cencored

Thanks I appreciate it. I only apply those lines to the lower TF (up to H1) as it gets too confusing to have that many additional lines on a daily chart.

Weird thing is: I downloaded metatrader from my broker and from another source. However AshFx System does not show the same signals on either platform. Is that normal? Very odd....

The Ashfx system uses charts that don't have a Sunday candle. FXDD is the one I use. Check your broker / charts and see if it has a candle for Sunday.

[Raskolnikov]

What is OK for me? How old are yOu may I ask without sounding personal?

What on earth does that have to do with anything? And quite a rude thing to say if you don't mind me saying.

[King Pips]

Originally Posted by lrathi

explanations on charts

Entered late yesterday ( I knew I was going to be asleep in Australia at the open of new candle)/ PT = 38% retracement which coincides with strong horizontal support.( yellow eclipse on daily and weekly chart)

Learning to read candlesticks is ADVANCED but very important for the serious trader. The charts soon begin to speak to you and you understand what they are saying.

This is a brilliant example where: Price action, candle sticks, looking at the higher TF, divergence, and finally entry signal (ASHFX comes into play)

There is a possibility that price will reach the UPtrend line. I will re-enter if Price and indicator indicate to me there is further down movement.

Keep an eye on weekly stochastics! too

You Fore got CCI DIV. on the weekly.

[rewing]

Is the candle too long to justify stepping in to this long?