10.4 A Complete System

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nicoacademia
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Re: 10.4 A Complete System

Post by nicoacademia »

markets setting up for the weekahead.
weakness? :twisted:
art
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Re: 10.4 A Complete System

Post by art »

morning guys, thanks for that zentauro, how do you guys play the holiday season coming up, i.m away next week for two weeks, that will really affect the market ha ha, are you still planning to come to London bob?
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Re: 10.4 A Complete System

Post by art »

bob looking at the aud, youre suggesting buys,the 240 is way above all the aud crosses on the 4 hour, so do you counter trade, and how do you set your trades up, many thanks
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mjws00
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Re: 10.4 A Complete System

Post by mjws00 »

MajorD wrote:G`Day Bob,
Great system, I raise my glass to you sir.

I have a query.
I notice that the CSS info page only has H4 and D1 loaded. Is this purely used for H4 set-ups?
Can we use lower Time frame CSS for an earlier indication of a pairs intentions?

I have loaded a separate instance of Empty4 showing M5 through to D1.
I am still trying to learn reading them set-up as such, I understand the "Angle of Attack" takes precedence over a currencies "Rank" in the list.
I just need some clarification on why a currency(take the USD for eg) seems to be weakening on the M5, H1, D1 and possibly the M30 yet gaining strength on the M15 and H4.
Am I looking too deep in thinking that the over-all message is greater than the sum of its parts so to speak?
Or should one just single out one or two pairs that have a greater AoA and trade them, M5 to M30 for scalps and H1 to D1 for longer term trades? Ala 10.5
I guess the longer I study it the more it will reveal.
CSS_INFO_SCREEN.png
Cheers
Darrell.
CSS across timeframes draws just as any other line (ma) based indicator. The 5 min waves, build the 15m , which build the 1H, 4H etc. So at any point in time a lower timeframe may be running opposite the larger one. The way this indicator scales makes it a little tricky to see how the waves tie in, but they do. If you drop lines at crosses and turning points, you will see the correlations and lead lag of the different TF's. M15 must turn before 1H, 1H before 4H etc.

At the risk of complicating it for those who don't want to look under the hood. CSS is just the slope of a LWMA. It is normalized and then averaged across its occurrences in your pair list to get its relative (average) strength vs the other pairs. No magic just a smoothed MA (that approximates strength) acting as an index.

Whether you want to use the lower TF lines to scalp is up to you. I use the 15m single pair css often. The 30M index version changes quickly enough to get the major move of each session for the most part. And shows what pairs may be driving the days movements.

Lots and lots of ways to use the info.

Mike
Reading the dark heart.
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nanningbob
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Re: 10.4 A Complete System

Post by nanningbob »

art wrote:bob looking at the aud, youre suggesting buys,the 240 is way above all the aud crosses on the 4 hour, so do you counter trade, and how do you set your trades up, many thanks
The CSS tells you a story. You then go to the pair and see if you have a setup.
I trade http://www.stevehopwoodforex.com/phpBB3 ... =38&t=3964,
I talk about my philosophy of trading here.
http://www.stevehopwoodforex.com/phpBB3 ... =38&t=3627
"The key to converting something useful to others is simplicity. Complexity is the enemy to execution." Tony Robbins
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MajorD
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Re: 10.4 A Complete System

Post by MajorD »

mjws00 wrote:
MajorD wrote:G`Day Bob,
Great system, I raise my glass to you sir.

I have a query.
I notice that the CSS info page only has H4 and D1 loaded. Is this purely used for H4 set-ups?
Can we use lower Time frame CSS for an earlier indication of a pairs intentions?

I have loaded a separate instance of Empty4 showing M5 through to D1.
I am still trying to learn reading them set-up as such, I understand the "Angle of Attack" takes precedence over a currencies "Rank" in the list.
I just need some clarification on why a currency(take the USD for eg) seems to be weakening on the M5, H1, D1 and possibly the M30 yet gaining strength on the M15 and H4.
Am I looking too deep in thinking that the over-all message is greater than the sum of its parts so to speak?
Or should one just single out one or two pairs that have a greater AoA and trade them, M5 to M30 for scalps and H1 to D1 for longer term trades? Ala 10.5
I guess the longer I study it the more it will reveal.
CSS_INFO_SCREEN.png
Cheers
Darrell.
CSS across timeframes draws just as any other line (ma) based indicator. The 5 min waves, build the 15m , which build the 1H, 4H etc. So at any point in time a lower timeframe may be running opposite the larger one. The way this indicator scales makes it a little tricky to see how the waves tie in, but they do. If you drop lines at crosses and turning points, you will see the correlations and lead lag of the different TF's. M15 must turn before 1H, 1H before 4H etc.

At the risk of complicating it for those who don't want to look under the hood. CSS is just the slope of a LWMA. It is normalized and then averaged across its occurrences in your pair list to get its relative (average) strength vs the other pairs. No magic just a smoothed MA (that approximates strength) acting as an index.

Whether you want to use the lower TF lines to scalp is up to you. I use the 15m single pair css often. The 30M index version changes quickly enough to get the major move of each session for the most part. And shows what pairs may be driving the days movements.

Lots and lots of ways to use the info.

Mike
:idea: Ah brilliant... Cheers
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nanningbob
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Re: 10.4 A Complete System

Post by nanningbob »

ZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZ :|
I trade http://www.stevehopwoodforex.com/phpBB3 ... =38&t=3964,
I talk about my philosophy of trading here.
http://www.stevehopwoodforex.com/phpBB3 ... =38&t=3627
"The key to converting something useful to others is simplicity. Complexity is the enemy to execution." Tony Robbins
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mjws00
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Re: 10.4 A Complete System

Post by mjws00 »

nanningbob wrote:ZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZ :|
Yep. I'm all ready to get my Gertje on and nothin. ;)
Reading the dark heart.
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Gertje
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Re: 10.4 A Complete System

Post by Gertje »

mjws00 wrote:
nanningbob wrote:ZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZ :|
Yep. I'm all ready to get my Gertje on and nothin. ;)
? :)

Seems like the JPY-shake out is happening, get rid of the longs before rising again.
Same pattern like last month [wishfull thinking].
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mjws00
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Re: 10.4 A Complete System

Post by mjws00 »

Gertje wrote:
mjws00 wrote:
nanningbob wrote:ZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZ :|
Yep. I'm all ready to get my Gertje on and nothin. ;)
? :)
Meant as the highest form of flattery, Gertje. Tryin to get my volume up closer to the range of you and Bob. :) I'm generally pretty quick but still haven't managed over 30 trades in a week on this.

Mike
Reading the dark heart.
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