10.6 EDSEL

Post by **art** » Mon Feb 24, 2014 9:50 am

trades so far open today, GJ,GC,EJ,EC,EU, all long

Post by **art** » Mon Feb 24, 2014 1:00 pm

it seems to me market lacking direction, i think i'm still taking trades at the top of the range all my trades this morning are now negative, hopefully new york session will reverse them

thelearner · Post by **thelearner** » Mon Feb 24, 2014 3:07 pm

looking at h4 css today.....flattttt anywhere we gooo

sim2505 · Post by **sim2505** » Mon Feb 24, 2014 8:38 pm

Hello !

it could be useful if we can be alerted when currencies cross each . I'm student and I can't be in front of my graph and i would like to know if this indicator posted by NeoTrader can be use for ?

http://www.stevehopwoodforex.com/phpBB3 ... f=45&t=639

Thx, sry for my english if there are misspellings

sim2505 · Post by **sim2505** » Mon Feb 24, 2014 9:20 pm

There is a crossing of NZD with EUR and CHF. Almost NZD > EUR and CHF on CSS daily. The trade on DP wasn't predictable and u ?

A french friend

Post by **nanningbob** » Mon Feb 24, 2014 10:18 pm

sim2505 » Tue Feb 25, 2014 5:20 am wrote:There is a crossing of NZD with EUR and CHF. Almost NZD > EUR and CHF on CSS daily. The trade on DP wasn't predictable and u ?

A french friend

Its lets all meet in the middle and ??????????????????????? Basically every currency is saying, which way do we go, which way do we go??

However, after saying that,
Jpy bottom ready to break -20 on 4H looks good for sells
aud and nzd both positive on daily ready to break +20 on top looks good for buys
Cad higher than USD on Daily ready to cross on 4H sell usd/cad.
USD negative on daily crossing 0 line on 4H looks good for sells later.

eur,chf,gbp giving mixed signals be wary.

Post by **nanningbob** » Mon Feb 24, 2014 10:26 pm

aud/jpy CSS read is good but Edsel read not so good. You may want to pay atttention to the break of the major resistance area but most likely it will stall or come down and then go break the R area. Look for a v pattern in the STO7 if price doesnt go all the way back down on STO7. A V pattern on the STO 7 is a strong signal that price will break the R area which the CSS is predicting at this point.

Post by **nanningbob** » Mon Feb 24, 2014 10:31 pm

Here is the update of CSS 4H looks.

sim2505 · Post by **sim2505** » Mon Feb 24, 2014 11:24 pm

Thx for your comment :hi:

I began this method for about 1 week and i 'm french, so I surely didn't understand it must wait the crossing of 20/-20.

But now, it's true. I thought only a big movment with a meet would be OK. It's like that we learn

I will change of broker because I have too many currencies, I think it false the indication.
However I agree for your "prediction", when you have a pattern as JPY and NZD, you place a buy limit above the R or you wait the V pattern of S722 ?

Post by **nanningbob** » Mon Feb 24, 2014 11:55 pm

sim2505 » Tue Feb 25, 2014 7:24 am wrote:Thx for your comment :hi:

I began this method for about 1 week and i 'm french, so I surely didn't understand it must wait the crossing of 20/-20. But now, it's true. I thought only a big movment with a meet would be OK. It's like that we learn

I will change of broker because I have too many currencies, I think it false the indication.
However I agree for your "prediction", when you have a pattern as JPY and NZD, you place a buy limit above the R or you wait the V pattern of S722 ?

Well no not always. Its that all are between the 20s and that is not common. It means the whole market is basically ranging and waiting. I am almost ready to write my booklet soon on the CSS but the crossing means that those currencies are going into opposite directions. In between the lines means the moves are not going to be that strong. I would take my profits quickly. One above the line and one inside means a decent move and both outside the lines in opposite directions means a major trend move and a lot of pips. So right now when I see a profit I bank it because right now there are no major moves being done. If you only want to trade a trend it means you can sit on your hands for now and wait. If you want to just trade 20-50 pip moves then go to a lower TF and try to catch a trade in the direction of the strength/weakness of a pair. For example I am trading JPY weakness and looking at AUD and NZD strength but I am not looking for any big moves at the moment. Now if they suddenly breakout into a major trend then jump on board and take a ride but right now, its 30 pips here, 15 pips there, 27 pips here, 43 pips there. Put them in the bank and run.