That's fine for you. The point of testing a system is to see whether it works or not. I've tested too many systems that don't work to put blind faith into something to which I'm just introduced. Moreover, I see so many people on here repeatedly ask ...

AshFX Daily

Then that would be a system in which I am not interested. I would even go as far as question how good that system is. Nobody can predict when the market conditions will change. If you try to do that you will have lost your shirt. That's not a good ...

AshFX Daily

Well, the chfjpy trade was a bust. I actually had more confidence in that one than usdjpy. Glad I'm only testing this system on a demo account :-) Now I'm pulling for usdjpy, but not too worried as I won't lose any money with a demo.

AshFX Daily

Ash is right. The problem I'm seeing is that many of you are using real live accounts to test the system. That's taking on more risk than necessary. You should be testing with a demo account unless you hate money.

AshFX Daily

I'm going to go against my original plan and short usdjpy. I'm getting a good price after today's action. That should outweigh the my self perceived risk of taking this trade. Fingers crossed it doesn't break that resistance.

AshFX Daily

I didn't take this one. I'm a bit picky going against the trend. I didn't feel as good doing so with this one as I did chfjpy from the end of last week. I also passed on last week's gbpusd long and glad I did. Had I taken it today's action would've ...

AshFX Daily

Don't Panic Yet — I normally don’t like trading against the trend like we did with the chfjpy pair. However, when I looked at the charts for this pair I saw that the last 2-3 times this pair reached its high or made a new high it headed South. ...

AshFX Daily

If stop loss or take profit hasn't been hit leave them open.

AshFX Daily

I am also short chfjpy.

AshFX Daily

Yes, FXDD closes at 5PM EST (2 minutes from now). I'm staying away from GBPUSD. What you read is what my earlier analysis indicated. I wrote this in a post early this morning. It is just too risky for my taste. I'm definitely taking CHFJPY.

AshFX Daily

Good job on the 170+ pips. My apprehension about the AUDUSD and NZDUSD is that I'm not sure if they've already exhausted their bullish move. As Ash wrote a couple posts above, his system considers them invalid. If you're already in those trade then ...

AshFX Daily

I concur, CHFJPY is looking like the best candidate. The stochs line up and it's also at what seems to be a strong forming resistance point. I expect to jump on this one later. The other two I'm not so sure about. BTW, my USDCAD trade is still ...

AshFX Daily

Three Promising Setups — I've spotted 3 setups that seem promising. They are AUDUSD (long), NZDUSD (long) and CHFJPY (short). Once again you have to wait until close of candle for confirmation. Also keep in mind that AUD and NZD are highly ...

AshFX Daily

USDCAD Trade Update - Today's Preliminary/Potential Setups — I’m typing this at around 9am EST. The first lot on my USDCAD sell trade from a couple days ago has hit take profit for 41 pips. The second lot is still running in the right ...

AshFX Daily

Yesterday I eye spotted (not using EA) a sell of USDCAD. I posted it a few posts back and Ash later confirmed it to be a valid signal. It's negative 13 pips as I type but I expect it to move towards my target since there is strong resistance above ...

AshFX Daily

I read the first couple pages of this thread and will read the rest when I make a bathroom break. It looks interesting. So far I see USDCAD shaping up for a sell. It looks to be close to a resistance point so a sell looks good. I actually entered a ...

AshFX Daily

I'll admit I don't know enough about this system. I still need to go back and read through all the threads. I was just throwing out a suggestion. Obviously you feel strongly the other way. No problem there.

Gamblers 5 and 15 minute trading system

Sorry about that mistake. Your strategy seems simple enough to code into an EA. I read a post where Gambler wrote that he no longer trade his strategy because he doesn't have the time. It seems to me that this strategy lends itself to an EA where ...

Gamblers 5 and 15 minute trading system

Following up my previous post, I've attached a 30-min chart of EURUSD showing candles on April 18, 2008 and April 21, 2008. The first circle on the left shows a hanging man while the second shows a doji. I drew rough trendlines on the chart to show ...

Gamblers 5 and 15 minute trading system

I just found this thread after trying to keep up with Gambler's journal. Actually, a doji is not a bad signal. Yes, they do indicate market indecision but if you see one at the top of a trend chances are the doji signals a reversal in the trend. ...

Gamblers 5 and 15 minute trading system