The EUR/USD has a massive Gartley W confirming a short position and it's been in place for a day or two now. It's the only one confirmed by Gartley, but it is a long candle.
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!
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.
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)
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
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.
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.
[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.
Linear Mode
