The AshFX System - Version II

[MykeFX]

Originally Posted by 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

According to the rules I believe the SL should be above the previous high, or about .7640 area.

Cheers,
MIke.

[swissforex]

HI

what do u think about EURJPY DAILY CHART?

is it a potential entry signal?
AO indicator does not match,but Stochastic is very well shaped
should we ignore AO indicator?

[usama1]

Originally Posted by swissforex

HI

what do u think about EURJPY DAILY CHART?

is it a potential entry signal?
AO indicator does not match,but Stochastic is very well shaped
should we ignore AO indicator?

If you are following Ash system do not ignore AO colour

[roberr]

It looks like there is good setup on AUD/JPY

[Sheumais]

Looks good to me

[AshFX]

Ok people,

There was a SELL signal on AUD/JPY today. Despite the fact that both the upper and lower wicks are equally as long as each other (which indicates indecision), it still looks like a decent setup to enter, (primarily due to the smooth Stochs, and helped by the similarities shown in the AUD/USD short).

[AshFX]

Originally Posted by andybob0001

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

My advice is to use FXDD Demo for your signals and then enter your live trades in Alpari.

[AshFX]

[QUOTE=usama1;5787]

Originally Posted by 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 ?

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.

Heh, there's your answer Roberr.

[AshFX]

Originally Posted by MykeFX

According to the rules I believe the SL should be above the previous high, or about .7640 area.

Cheers,
MIke.

Mike is right.

Swiss, you should have set your SL at the swing high, as is stated in the official rules in the PDF. You wouldn't have been stopped out, and you would be in guaranteed profit by now.

Don't worry about it, we all make mistakes. It's how everyone learns - experience.

[Ezzy]

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!

Hi Ash

Nice signals, all in profit I think. I only took Aus and Eur (after the pullback) and both doing very nicely.

I got to admit it, as far as any trading system goes, particularly longer time frames trades, this system has to be very close to best.

So far in my short trading life, I have not been able to make profits on short time frames trading, as a matter of fact I keep losing. However, I make profit on this system.

So, have decided to only trade long time frames (it makes sense in my mind).

Sorry about the rant Ash...lol....and once again thanks for the system (free) and education (also free)!!

Cheers mate
Ezzy