The AshFX System - Version II

geppyme · #**1871** (**permalink**) 26-08-2009, 14:22

Quote:

Originally Posted by dsugums

Already closed my GU short for 100pip. Not comfortable with the stochs going below 20. Might be a retracement soon. Will enter again if comes near my entry level early today.

Down boy, down!

AlanT58 · #**1872** (**permalink**) 26-08-2009, 14:32

just checked the news at http://www.forexfactory.com/calendar.php and there is some news due for the US which could be influencing the 4H candle at the moment
and it seems to be good at the moment for our gbp/usd trade as well being up 150 now.
so just moved SL to +100 pips @ 1.62203

i dont know enough yet to say if this is so or not

cheers al.

moondog · #**1873** (**permalink**) 26-08-2009, 14:32

Quote:

Originally Posted by Henry

The setup is there on the 4hr TF. If we enter at the close of this candle, we might be able to ride the trade through untill the daily TF line up.

Yes, if the H1 bar closes under the 200ema then you might pre-empt/validate a H4 entry signal for 16h00(15h00 GMT) and then if the H4 bar closes under the 50ema you might be able to pre-empt the D1 entry signal. Wow..that will be a tight ship to monitor all the way.

Anyway I don't think we will get a PSAR entry flip today, but I will be looking.

Personally I prefer the Daily on that pair.

And a BIG thanks to Ash for a great system and for getting me to trade on the D1 timeframe (one of the "Godframes"), as more time now to think and scheme than on M5/15... etc.

Moondog

dsugums · #**1874** (**permalink**) 26-08-2009, 14:36

Haha, it went down somemore, missed another 80pips!! Anyway, 1st time trying out the system, netted 100pips earlier. I broke the rule and missed 80+ pips.

Henry · #**1875** (**permalink**) 26-08-2009, 14:40

Quote:

Originally Posted by dsugums

Which broker you are using? I cant see any signal forming in FXDD.

I use FXDD too. Are your settings correct?

AshFX · #**1876** (**permalink**) 26-08-2009, 14:48

Quote:

Originally Posted by AshFX

Yep, we're looking at a short here come candle close (9pm GMT).

The New Home Sales news release is coming out of the US in the next few minutes, at 2pm GMT. Depending on how different the figure released is compared to the forecast, this could be good or bad news for our trade. Better to be safe than sorry, and capture what you've already got. Guys, 180 pips is not half bad. Therefore, my advice is to close half your trade now, move Stop Loss to Break Even, and let the market do it's thing.