The AshFX System - Version II

MykeFX · #**1901** (**permalink**) 26-08-2009, 22:00

I am going to take the EUR/CAD setup

and leave the EUR/CHF alone... The long wick on the candle and the weekly chart bother me....

Cheers,

Mike.

ajt1970 · #**1902** (**permalink**) 26-08-2009, 22:07

Yeah, I took the EUR/CAD, too, based on that and because it has more volatility compared to the EUR/CHF...more bang for the buck....although I don't like the 9 pip spread.

Vetmxracer · #**1903** (**permalink**) 26-08-2009, 22:14

Quote:

Originally Posted by MykeFX

I am going to take the EUR/CAD setup

and leave the EUR/CHF alone... The long wick on the candle and the weekly chart bother me....

Cheers,

Mike.

Yeah I'm kinda of a rookie but I've been running a ea on EChf for months and unless there is SNB intervention , this thing doesn't have much a target to the up side, pips are pips though.

imad · #**1904** (**permalink**) 26-08-2009, 22:17

hi
i took both . lets see

dsugums · #**1905** (**permalink**) 26-08-2009, 22:22

Both the set-up at 4H in overbought region (80%). Maybe I will wait for it to retrace a bit to enter. EU/CAD SL is too large at 300+

Vetmxracer · #**1906** (**permalink**) 26-08-2009, 22:28

Quote:

Originally Posted by dsugums

Both the set-up at 4H in overbought region (80%). Maybe I will wait for it to retrace a bit to enter. EU/CAD SL is too large at 300+

I'm with you buddy. Maybe if the Eu cad breaks above 5700.

AshFX · #**1907** (**permalink**) 26-08-2009, 22:32

Personally, I'm staying away from EUR/CHF. I've drawn a trend-line on the weekly chart and it doesn't look very nice if you're going long...

As for the EUR/CAD, it's a better looking trade, and although the SL is quite large, I'm entering this one with half my usual risk.

dsugums · #**1908** (**permalink**) 26-08-2009, 22:34

Quote:

Originally Posted by Vetmxracer

I'm with you buddy. Maybe if the Eu cad breaks above 5700.

The spread of nearly 18pips does not make it too attractive to enter now

AshFX · #**1909** (**permalink**) 26-08-2009, 22:35

Also, I've decided to stay in GBP/USD and will exit when AO or PSAR changes or my SL is hit (which is now at Break Even).

King Pips · #**1910** (**permalink**) 26-08-2009, 23:52

Quote:

Originally Posted by AshFX

Also, I've decided to stay in GBP/USD and will exit when AO or PSAR changes or my SL is hit (which is now at Break Even).

Good thing you have heads up on major news when in a ashfx signal like I posted before. Also I am in the second trade gbp/usd and I have a trailing stop of a 100 pips, and have lock up so far now 1.21pm est. 31 pips and still trailing. I have used this method of trailing stop on the second 1/2 and it working good, instead of breakeven because any extra pips on the second 1/2 is great. Might be a good added Rule for your Ashfx Signal.

Also didn't like eur/chf, long candle, but in eur/cad