The AshFX System - Version II

[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

[AshFX]

Originally Posted by 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

Appreciate the comments Jim.

[swissforex]

Originally Posted by 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: GBP/USD Trading

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.

Thank you for the great explanation
this post is a must-have for all ASH FX System Traders

I'm going to add it to the Manual of the system

I absolutely agree with you

and one more thing:
tomorrow there are many _RED_ flags about News and Announcements(take a look at ForexFactory calendar: Red Flag for AUD_GBP_USD_CAD_EUR)

so is better to stay away from the market for long-style Traders

let's see tomorrow

[King Pips]

Originally Posted by swissforex

Thank you for the great explanation
this post is a must-have for all ASH FX System Traders

I'm going to add it to the Manual of the system

I absolutely agree with you

and one more thing:
tomorrow there are many _RED_ flags about News and Announcements(take a look at ForexFactory calendar: Red Flag for AUD_GBP_USD_CAD_EUR)

so is better to stay away from the market for long-style Traders

let's see tomorrow

Hi Guys, That's the way to look ahead for the Ashfx, because you are trading Daily, with this System you have to look a head to see a good reversal and watch: S/R--Long Bars---Doji---News Reports---Choppy Prices---Stochastics at 80 & 20 Levels. All make for Good Radar. For the Ashfx System!

[swissforex]

Hi guys,

too bad
No signals tonight
and tomorrow is Friday

I don't like to open trades next to weekly close

so,have a great weekend

[dolphin]

have a nice weekend, im not going to open any trade until next week!

[MykeFX]

Originally Posted by dolphin

have a nice weekend, im not going to open any trade until next week!

Me too! Enjoy the weekend Ash and everyone!!

Cheers, Mike.

[usama1]

Dear Ash,
Your last signal analysis is really an ideal example of wise man thinking. I find it very informative and to the point. I always learn from your comments. In fact you are a great man

[MykeFX]

OK, here is a strange one... I got a signal for EUR/CAD on my dashboard and on my chart using the ASH Signals arrows indicator, but AO is still red. I have not seen this before, some kinda glitch I guess.... anyone else have this false signal????

Cheers Mike.

[Jim67]

Hi Myke,
My charts show a valid signal on the EUR/CAD - see attached.
I notice though that you're runnng AshFx Signals V3 whereas I'm still on V2.
Obviously something to do with V3 ...