10.7

[nanningbob]

Hey Guys

1st of all I would like to thank Bob for yet another wonderful system :youknow:

and all of the other amazing contributors truly great work ( wish Alorente a speedy recovery)

I was trading this today for a little tester

I sold GU on a signal although I trade mostly naked on the 15min CJ style (so I slowed down the sto a bit to give less signals)

I didn`t wait for the candle to close so I fell for the short , immediately after I entered the candle shot up and the signal changed from a sell to a buy (the red and yellow sto moved to the top)

The signal was right I see in hindsight and very quick ,

looking forward to testing this more to get the feel of it

Ps BUY Stupid

Yes if the signal changes you close out the trade. Since they move quickly you dont get yourself into a big hole.

If I tried a counter trade and price STO7 goes from one end to the other I will close out.

[spotdespot]

hi; :hi:
it is the open candle that moves,
the closed candles do not move so no repainting,
the 2.1.1. is only 100 or 0 dependet lower or higher price


Cheers Gunter

Ok so the weekly is really set from previous 1 x week candle and the daily form the previous day.
correct?
Thank you.

Some misunderstanding here I think. The system is simple (but kind of genius) - price is above the daily open then daily stoch is "high", price below, daily stoch is "low".

Price above weekly open, weekly stoch is "high", price below, weekly stoch is "low".

Get the idea of repainting out of your head - repainting is only relevant if you are taking a specific one signal buy/sell based on a repainting indicator.

Given the above description of the daily/weekly stochs = when price moves from above the daily to below the daily - what happens? The daily moves "down".

Same with the weekly. The point is that most weeks are either "up" weeks or "down" weeks - same with days so they shouldn't bounce up and down too much except when you have indecision weeks - i.e. weekly dojis/hammers etc - which Bob has noted aren't that common.

Not really anything to do with candles and nothing to do with the previous week/day.

[nanningbob]

For example aud/usd was a sell siganal yesterday but the CSS shows aud stronger than USD. I tried a trade which ran counter to the CSS read just to see if I could pick up some pips. It didnt work. Now you can see if it goes up and breaks the TL the yellow and red will react quickly and move back to the top early in the week. The the STO7 will cross up and you have a trade signal the takes you back into the trend the AUD has been on. So CSS reads give you long term prospects. 10.7 gives you a CT probability and it didnt do anything. So you reload and try again.

[nanningbob]

hi; :hi:
it is the open candle that moves,
the closed candles do not move so no repainting,
the 2.1.1. is only 100 or 0 dependet lower or higher price


Cheers Gunter

Ok so the weekly is really set from previous 1 x week candle and the daily form the previous day.
correct?
Thank you.

NO

[nanningbob]

This shows what happens to the indi when price actions goes nowhere. the yellow will move up and down. I will not trade the aud/cad right now unless you want to range trade it between two points. CSS has aud the strongest and CAD 2nd strongest. SO they will range until one changes direction in strength. The 10.7 will show this when you have a 1 versus 2 on the CSS.

[nanningbob]

aud/jpy trade was a very small loser. CSS read aud on top JPY bottom tried a CT trade from the CSS signal. 10.6 this shows that when price touches the 60 MA it will usually go into a range trade. So it is very likely price will go up again. What 10.7 will do (early in the week direction is not set yet.) If price goes up again red will go up, yellow will go up along with the STO7. It will then match CSS read. 10.6 read it will probably range so your best trade will likely go back and form a double-top or a 40 or 50 pip trade. Then we will see where it goes from there. 60/240 10.6 read along with 10.7 action.

The future could be the aud run is done or going into a range for now. This pattern is showing up on all the aud pairs except aud/nzd which shows it weakening to the nzd. So we maybe looking at trading aud range this week. 10.7 will let us know.

[nanningbob]

cad/jpy CSS cad is stronger than jpy and a bounce off of the 60 MA looks logical. 10.7 has not committed to reentering the trend yet but I set up a bit early. If you get a 10.7 signal this will be a good buy trade.

[nanningbob]

chf/jpy CSS both week and at the bottom so they will range. picked up almost 30 pips on this one. You will probably get a sell signal soon as I expect these two to continue to range.

[nanningbob]

OK eur/aud picked up some pips on this one yesterday. It didnt reach the 60 MA yet so the trend trade still is on. If it breaks back into the DT (CSS read aud on top and eur on bottom) you will see the red W2.1 and yellow 2.1 slam back to the bottom and STO7 give a sell signal and the trend line break all around the same time. Then AL will get his prediction come true. 10.7 will give you a good entrance on the trade and you will be smiling from here to the bank.

[nanningbob]

All the euro crosses are showing this same pattern. Getting ready to go back into the DT. So we will watch the 10.7 triggers after a short day of retracing. 10.7 kept you from entering back into the trend too early and if you CT against the trend like I did on a couple I got some extra pips there. The indi will give a signal when red down yellow down and sto7 down. That will be your great entrance spot.

Wish I could write more but have to go to school. good luck today.