AshFX System Daily Update, 12 Aug 09.

AshFX System Daily Update, 12 Aug 09.

The downtrend on ALL of the sell signals taken yesterday continued, racking up mega-pips for those who entered. As of writing, a strong retrace is forming on all the pairs, there are quite a few news reports out today and we want to be on the safe side. So I have advised to close 1/3 of all trades, thereby banking some of your profits, and then move your Stop Loss to the high of yesterdays candles. More info at the Forex Forex Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Read this Term Magnates/Moments forum...

Also, today there seems another AshFX V2 trade forming, specifically on the EUR/AUD. If you look at the Daily chart you'll see a strong down trend for the past month, so this new buy signal on AshFXV2 might seem rather spontaneous or unexpected.

However, if we analyse the EUR/AUD on a Monthly chart, we'll see the reason why:

https://forexmoments.com/forums/systems/144-ashfx-system-version-ii-170.html

Ash