The AshFX System - Version II

[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!

[andybob0001]

Hi Ash,

Quick question, sorry if this is an easy one but how come on your attached charts a new candle stick has formed when on mine it won't form until 11.00pm?

Many thanks if you can help and for your tradings suggestions.

[swissforex]

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!

Hello AshFx

thanx for your posting

I've been studying your system today,I've checked out some technical outlook from actionforex.com,then I've entered by myself the following positions,BEFORE seeing your post:

USDCHF LONG 1.0185 S\L 1.0074 T\P 1.0185
EURUSD SELL 1.4874 S\L 1.5052 T\P 1.4683
AUDUSD SELL 0.9156 S\L TO SET AND T\P NOT FIXED YET
NZDUSD SELL 0.7461 S\L TO SET

I'm not a newbie,and I'm not a gambler

Some risks on the first two trades,wish me luck!

(even if we both know Forex has nothing to do with luck)


whoops! I did it again...

[swissforex]

Originally Posted by AshFX

To close partial lots in MT4, for example you have bought 1 lot, and now you want to close half of the lot, then all you do is right-click on your trade, click "close order", then change the lot size to half, (0.5), and then click on close at the bottom.

great explanation

thank u so much!

sorry I haven't found this forum before ,wasting my time with useless trading systems

[AshFX]

Originally Posted by andybob0001

Hi Ash,

Quick question, sorry if this is an easy one but how come on your attached charts a new candle stick has formed when on mine it won't form until 11.00pm?

Many thanks if you can help and for your tradings suggestions.

Hmmm, are you using FXDD Demo?

[aharon.amir]

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!

Thanks Ash,
I'll take the AUD/USD, looks the best of all 4 setups.

[andybob0001]

Originally Posted by AshFX

Hmmm, are you using FXDD Demo?

I'm using alpari UK live account, if that helps.

[roberr]

Hi Ash,
Where you will put SL and TP on AUD/USD ?
SL on the candle before or on 0.9327 and what about profit ?

Thank you

[usama1]

[QUOTE=roberr;5781]Hi Ash,
Where you will put SL and TP on AUD/USD ?
SL on the candle before or on 0.9327 and what about profit ?

According to the system this is your exit:
If the day, or any consequent day, has closed in your direction (i.e. you’re in profit at the end of any given
day), then close half your position & move SL to break even. Close the other half once either the AO or
PSAR turns the opposite colour/direction. Only exit at the candle close.

[swissforex]

Hi guys

about one of my four trades(see my yesterday post)..

on NZDUSD stop loss hitten
maybe I've set up too thight my s\l

I guess it's my fault,but I'd like to know your opinion

my S\L was 0.7501,so it was my mistake!

BUT this is my question:

S\L LEVEL should have been set to the opening price of the first bearish candle or above the little shadow of that candle??
thanx