CSS WITH HGI & SUPER CSS

[nanningbob]

Thanks for all the suggestions will try some on my Iphone 6 and see what works. Probably call the company and see what they recommend.

Didnt trade on Friday because of house hunting so a 4 day trading week. First my nemesis gbp/chf. I was 3-2 for a plus 64 pips. Gotcha this week see ya next week. #&%@$#&%^

All Trades
Trades Total: 54 Trades
Trades Won: 37 Trades
Trades Lost: 15 Trades
Trades Even: 2 Trades
Max Profit: 76 pips
Max Loss: -84 pips
Avg Profit: 24 pips
Avg Loss: -18 pips

Total Pips 616.8

Started the week off Monday by catching the JPY downward move and bought the gbp, aud, usd, and eur. So opened the week picking up 100 plus pips there. HGI sent down 3 signals within 5 minutes of each other so jumped in. Not a big move but solid.

Tuesday I heard the ding ding on my phone as the gbp moved late in the JPY session. Picked up over 150 pips there while playing 4 gbp crosses.

Wednesday was Eur and gbp move day and had some really nice runs. Just wished I had stayed with them longer as they ran most of the day.

Thursday was a JPY reversal day as some strong buying was going on with the JPY.

So a solid week in which I left a ton of pips on the table. Basically played 5 moves based on multiple signals from HGI on the 1 hour chart. Played JPY twice, GBP twice and EUR once. Moved on multiple pairs when the Big arrows went off on a certain currency. Once I get 2-4 signals I just enter 3-5 pairs of that group and let them run for 2-3 hours and close. Picked up 100-150 pips each time and they rarely sat in the negative for very long. I will play the 1 hour charts again this week and wait for multiple signals from a currency at the beginning of a session or just before a session and close them up 2-3 hours into the session. Maybe the easiest trading plan I have ever produced. Let HGI do all the work and buy or sell based on the signals coming in on the same currency group. Dont have to watch screens much and if signals dont come in at the beginning just turn it off until the next session. So little time on the computer watching or in my case the Iphone.

Monday maybe house hunting day again so dont know if I will play the market that day.

[nanningbob]

OK daily CSS reads are viable again so we will run them first. AUD NZD and JPY are correlated so as you can see AUD and NZD are heading down quickly and JPY turned on the 1H late in the week. So expecting AUD and NZD to keep heading down so look to sell those two. JPY will then increase strength so look for buys on that one maybe later. Sell aud/jpy and nzd/jpy, look for your best entrances as they may cross during the week.

USD is about to break up into an UT and the CAD is near zero and should break towards the bottom. Buy USD/CAD and with nzd and aud going down look to sell AUD/USD and NZD/USD.

EUR, GBP, CHF are all in the middle flat but their volatility has been high with 100+ pip moves being common right now. Range trading them was my best trades last week as I caught the GBP twice and EUR once on strong moves. IF USD continues to trend up its buy moves will run more pips than its sell moves. So look for buy opportunities there.

Markets are volatile but ranging. If you dont know how to trade range markets use Bollinger Bands with HGI and sell off the top band and buy off the bottom band along with the HGI signal.

[nanningbob]

Here is an example of how you can use BB to filter HGI in trend times on the 1H chart. I use 40 instead of 20 as my BB setting. I marked in white those areas where HGI and BB agreed to trade. Notice that GBP/CHF stayed in a 300 pip range all week and from the green line produced 4 nice trade on the gbp/chf for the week. I also marked two from the previous week. One trade would not have been that hot but most would have fit in the 50-150 pip runs. So here is an example of using BB to trade with HGI in Range trading on 1H chart.

[nanningbob]

When I talk about currencies staying in a range area you can see this on a Monthly chart. The GBP/CHF has just broken out of a 4 year range area and I marked the probable new range are for the gbp/chf. It is always good to check the monthly charts and see where price is ranging over the last couple of years or the currency is dropping or rising over the year.

[nanningbob]

I will continue some 4H reads for now. Compare the two and see what happens. USD JPY on top,weak trending Commodity currencies on the bottom AUD NZD CAD with AUD NZD pointing down. EURO currencies muddling in the middle ranging but volatile.

[Dragonian]

Excellent analysis Bob, thank you

I know that you do not want to clutter the thread with unnecessary "thank you"s so this will be my one and only.

Please know that all nanningbob posts will receive my, and I am sure everyone else's, heartfelt gratitude

[nanningbob]

OK get ready for JPY fireworks again. JPY is appreciating too much and its time to shoot it down again.

News story out of JAPAN:

“We expect the BoJ to announce an increase in the annual pace of its asset purchases on Friday, from ¥80 trillion to ¥90 trillion, and to cut in the interest rate on excess reserves, from minus 0.1% to minus 0.3%”

"Japan PM Abe: Govt are to keep FY 2020 fiscal reconstruction tgt, however won't hit target by FY2024 if current growth pace continues" -Rtrs

"Overseas lending fund will be part of stimulus budget The government will provide low-interest US dollar funding for overseas projects involving Japanese companies. The 200 billion yen program is part of a stimulus budget that's rumored to be as large as 30 trillion."

Dont know if its going to be as big as last time but they want to reverse the appreciation of the JPY again. Time to load up and watch the JPY news late this week on Friday. Thursday night for USA. Look at the monthly chart below. This is where BOJ started the easing last time. We are there again. Some of you may remember we had months where we made 10,000 Pips a week multi-level trading that move.

[nanningbob]

Nice run pre news. Pocketed over 250 pips and was late to the party. Looking for more today. Check those monthly charts they are telling a story.


Yen is being heavily offered across the board on news Japan is likely to announce a JPY 27 trillion stimulus later today. GBP/JPY cross jumped to hourly 200-MA of 139.64 levels. Two-figure rise The cross is up full two figures from its opening rate of 137.31 levels. Right from the start of the trading in Asia, the Yen has been on the back foot. Initially what appeared to be a technical correction quickly turned into a Yen selling frenzy after reports hits the wires that PM Abe is due to announce a JPY 27 trillion stimulus today. In the meantime, Cable traded muted in early Asia and continued to do so at the time of writing

[fx800]

After the BOJ report, why is the yen strengthening instead of weakening ?
Is it because buy the rumour / sell the news OR the market is not impressed by the size of the stimulus ?

USDJPY actually felled more than 100 pips following the news. No more gravy train like the last time.

Some pundits are suggesting the USDJPY may test the 100 level in the near term.

[nanningbob]

They increased the program but not as much as Abe wanted. So I have a hole to dig out of. Typical BOJ always wants to be unpredictable but never gets the desired result. When I saw those spikes knocking out the SL south I figured they were yloading up for a big run. Then they sold into the spikes an unusual move. I think Abe is going to be really upset this time.

There are two forces at work in China. Business people who want depreciation to sell their products overseas. Retirees (one of the oldest and wealthiest in the world) who want their YEN to be strong so they have more purchasing power. The BOJ is I the middle between what their customers want and what govt. and big business want. Meanwhile I got egg all over my face for my prediction even though I had two good runs this week with the YEN and one disaster. Shouldn't have played the spike. It often shows price is going the other way and they hit the SL first so the banks get the best position for the move.