Thank you Bob for taking the time to do this - very much appreciated.
Viv
Yes CSS is telling you currencies have hit their tops/bottoms and are probably going to retrace. That is accurate so finding trend trades will be difficult. The two to watch are the euro and chf moving up but with euro bank holidays they wont be doing anything today. Probably a good day to sit on your hands or scalp on a 5 minute chart. USD CAD retracements tonight maybe your best bets but I dont see any trades i will be entering at this point. I put one usd/jpy to break the DP trade on and that is it for today so far.Staedtler wrote:i understand CSS. but i'm still having a hard time trying to find trades with it. most of them have already pushed down as far as they want to go and now retrace.. any tips on how i can find some trades that are setting up with CSS ?
Thanks mrelectronits a separate download on Page 1.
download/file.php?id=23235
It would be interesting to know if someone set the CSS to 5M or 15M and scalp traded it.Staedtler wrote:very much appreciated, thanks for the info bob. i never would have thought about scalping with your system.. i always thought it was just a 1 or 4h system. i took a long position on gbp/jpy just based on rsi2 was below 80 and we had a nice reversal candle earlier today when that statement came out of japan
hmm thats true, might leave that for an exercise when i'm borednanningbob wrote:It would be interesting to know if someone set the CSS to 5M or 15M and scalp traded it.Staedtler wrote:very much appreciated, thanks for the info bob. i never would have thought about scalping with your system.. i always thought it was just a 1 or 4h system. i took a long position on gbp/jpy just based on rsi2 was below 80 and we had a nice reversal candle earlier today when that statement came out of japan
screw it. let's have some funnanningbob wrote:It would be interesting to know if someone set the CSS to 5M or 15M and scalp traded it.Staedtler wrote:very much appreciated, thanks for the info bob. i never would have thought about scalping with your system.. i always thought it was just a 1 or 4h system. i took a long position on gbp/jpy just based on rsi2 was below 80 and we had a nice reversal candle earlier today when that statement came out of japan