The AshFX System - Version II

[swissforex]

Ash where r u?
r u there?

So many signals tonight on FxDD

someone are after a choppy market and with too mugh long candlesticks,but some other seem to be good

Some expert Ash system' User could give us an hand?
thanx

[rewing]

Originally Posted by swissforex

Ash where r u?
r u there?

So many signals tonight on FxDD

someone are after a choppy market and with too mugh long candlesticks,but some other seem to be good

Some expert Ash system' User could give us an hand?
thanx

I dont see any that I like....Most candles too long, some are at resistance....Think I will pass....Its a shame, cause there are a lot to choose from... I will stay out for now...Looks like too much indecision for my taste
Ron

[usama1]

Originally Posted by rewing

I dont see any that I like....Most candles too long, some are at resistance....Think I will pass....Its a shame, cause there are a lot to choose from... I will stay out for now...Looks like too much indecision for my taste
Ron

what about USDCAD ??
It looks reasonable

[padman]

Just had a look at the pairs and decided to leave tonight.

I now look for reasons NOT to trade, unlike before when i looked for reasons to trade. ha ha.

I do have a demo trade taken with steves robot on usdcad, that I may have taken live. Be interested in what the boss comes up with

padman

[buffer]

Hi Guys,

lot of volatility this week with interest rate decisions and been hard to find good set ups so i am taking a pass tonight what with the FOMC int rate decision and then if you take a trade you are then very close to NFP on Friday so i will stay out this week and then look forward to next week

Paul

[rewing]

Originally Posted by usama1

what about USDCAD ??
It looks reasonable

Resistance appears around 1.0580.. only 45 pips from now....S/L Would be around 250 pips.....not a good return for me.

[Sheumais]

USD/CAD's on the second dot on my system, so it's invalid.

[andybob0001]

Will sit today out 2, hopefully some better setups on the way soon :0)

[AshFX]

So today we have quite a few setups:

- Long EUR/USD
- Long GBP/USD
- Short USD/CHF
- Long GBP/JPY
- Long CAD/JPY
- Short USD/CAD

Lets take a look at each one in turn. I advise all new traders to try to understand what I'm getting at here...

1. Long EUR/USD. Put simply, the previous few days candles are too choppy. Up, down, up, down. When I see this, I stay out.

2. Long GBP/USD. Look at how much resistance we have when we zoom out. You'll see I have circled the resistance points in blue. Risky setup with so much resistance so close. Stochastics aren't exactly smooth either. Also, please see: http://forexmoments.com/forums/forex....html#post5918

3. Short USD/CHF. Similar to EUR/USD, price action way too choppy. Plus the signal candle is too long.

4. Long GBP/JPY. Stochastics are too choppy and signal candle is too long.

5. Long CAD/JPY. Very strong resistance!

6. Short USD/CAD. The only one worth considering. Having said that, I see some support as you can see on the screenshot, so I'm not comfortable taking this.

[Jim67]

Many thanks for the insights into each of today's setups Ash.
Can now see there are several points to consider for a signal to be "good enough" - this is what experience will bring eventually I hope. I can see what Steve says about his robot never being able to emmulate a good human trader.
Love the learning - thanks again Ash