10.7 CSS

[Mike]

Hi Bob and traders
Bob suggested a CSS 24 and 12 Pair setup trying to calibrate appropriate weight to the different impact of single currency values on other currencies. Has anybody tried to continue this thought and come up with a "choice" or better pair selection (e.g. Do metals impact on the $, even if we do not trade them?) to weigh or even impact factors to consider for single currencies? Just wonder, what you think.
Mike

[nanningbob]

Hi Bob and traders
Bob suggested a CSS 24 and 12 Pair setup trying to calibrate appropriate weight to the different impact of single currency values on other currencies. Has anybody tried to continue this thought and come up with a "choice" or better pair selection (e.g. Do metals impact on the $, even if we do not trade them?) to weigh or even impact factors to consider for single currencies? Just wonder, what you think.
Mike

Actually CSS should be compared with the currencies you are using. I use 24 because I trade those 24 pairs however if you use a lower number the 12 may suit you better. In other words you want a strength comparison of the pairs you are trading. In this way you have what is accurate for you. So adding metals only benefits you if you trade them. Knowing the differences in strength is no benefit if you dont trade metals. So I use 24 because I trade 24 pairs. However, I am thinking of pairing that down since I dont trade some currencies very often. I be looking at fewer pairs when I look over my trades after this month.

[dispell]

Hi Bob and traders
Bob suggested a CSS 24 and 12 Pair setup trying to calibrate appropriate weight to the different impact of single currency values on other currencies. Has anybody tried to continue this thought and come up with a "choice" or better pair selection (e.g. Do metals impact on the $, even if we do not trade them?) to weigh or even impact factors to consider for single currencies? Just wonder, what you think.
Mike

Actually CSS should be compared with the currencies you are using. I use 24 because I trade those 24 pairs however if you use a lower number the 12 may suit you better. In other words you want a strength comparison of the pairs you are trading. In this way you have what is accurate for you. So adding metals only benefits you if you trade them. Knowing the differences in strength is no benefit if you dont trade metals. So I use 24 because I trade 24 pairs. However, I am thinking of pairing that down since I dont trade some currencies very often. I be looking at fewer pairs when I look over my trades after this month.

Actually I'm quite interested in the 12pair CSS, however after loading both for a test run last week, I saw minimal differences in the charts of the 24 & 12 pair.
However, is it possible to set the CSS to only compare the pairs I trade?
If so, how do I do it?
If it's posted somewhere on the forum, do point me to the right direction.
Thanks!

[milanese]

Actually I'm quite interested in the 12pair CSS, however after loading both for a test run last week, I saw minimal differences in the charts of the 24 & 12 pair.
However, is it possible to set the CSS to only compare the pairs I trade?
If so, how do I do it?
If it's posted somewhere on the forum, do point me to the right direction.
Thanks!

You have the settingsymbolsToWeigh, just enter here only the pairs you want the CSS to use for the calculations...

Cheers

Tommaso

[dispell]

Actually I'm quite interested in the 12pair CSS, however after loading both for a test run last week, I saw minimal differences in the charts of the 24 & 12 pair.
However, is it possible to set the CSS to only compare the pairs I trade?
If so, how do I do it?
If it's posted somewhere on the forum, do point me to the right direction.
Thanks!

You have the settingsymbolsToWeigh, just enter here only the pairs you want the CSS to use for the calculations...

Cheers

Tommaso

Thanks Tomasso,
will try it out ASAP.

[Swingtraderkk]

Hi Bob and traders
Bob suggested a CSS 24 and 12 Pair setup trying to calibrate appropriate weight to the different impact of single currency values on other currencies. Has anybody tried to continue this thought and come up with a "choice" or better pair selection (e.g. Do metals impact on the $, even if we do not trade them?) to weigh or even impact factors to consider for single currencies? Just wonder, what you think.
Mike

Actually CSS should be compared with the currencies you are using. I use 24 because I trade those 24 pairs however if you use a lower number the 12 may suit you better. In other words you want a strength comparison of the pairs you are trading. In this way you have what is accurate for you. So adding metals only benefits you if you trade them. Knowing the differences in strength is no benefit if you dont trade metals. So I use 24 because I trade 24 pairs. However, I am thinking of pairing that down since I dont trade some currencies very often. I be looking at fewer pairs when I look over my trades after this month.

Bob,

Irrespective of how many pairs you actually trade or don't trade for reasons of spread,swap, correlation, craziness etc., surely to get a best representation of the relative strengths of the currencies in the pair you would include all combination pairs of the currencies you use?

In theory, if your traded pairs extend over 8 currencies, then you should use all 28 pair combinations, 7 currencies then all 21 pairs, 6 then 15, etc.

Now I accept that low volume & correlation can distort this, but I still can't understand how you selected your 24 pairs from the 28 possible. EURCHF for correlation? NZDCAD & CADCHF for low volume? but EURGBP? and there are other low volume pairs also?

The selection of the 12 pairs makes even less sense in light of the following ranking of pair by volume I quickly googled from fxpros.net:

EURUSD, 37% of the total volume
USDJPY, 13% of the total volume but not included in 12 pairs
GBPUSD, 12% of the total volume
AUDUSD, 6% of the total volume
USDCHF, 5% of the total volume but not included in 12 pairs
USDCAD, 4% of the total volume but not included in 12 pairs
EURJPY, 2% of the total volume but not included in 12 pairs
EURCHF, 2% of the total volume but not included in 12 pairs

Ignoring correlation as I've no real ideas on adjusting for that, surely the volume issue would be best addressed by weighting the contribution of a pair's slope to the CSS by overall volume traded?

[nanningbob]

Hi Bob and traders
Bob suggested a CSS 24 and 12 Pair setup trying to calibrate appropriate weight to the different impact of single currency values on other currencies. Has anybody tried to continue this thought and come up with a "choice" or better pair selection (e.g. Do metals impact on the $, even if we do not trade them?) to weigh or even impact factors to consider for single currencies? Just wonder, what you think.
Mike

Actually CSS should be compared with the currencies you are using. I use 24 because I trade those 24 pairs however if you use a lower number the 12 may suit you better. In other words you want a strength comparison of the pairs you are trading. In this way you have what is accurate for you. So adding metals only benefits you if you trade them. Knowing the differences in strength is no benefit if you dont trade metals. So I use 24 because I trade 24 pairs. However, I am thinking of pairing that down since I dont trade some currencies very often. I be looking at fewer pairs when I look over my trades after this month.

Bob,

Irrespective of how many pairs you actually trade or don't trade for reasons of spread,swap, correlation, craziness etc., surely to get a best representation of the relative strengths of the currencies in the pair you would include all combination pairs of the currencies you use?

In theory, if your traded pairs extend over 8 currencies, then you should use all 28 pair combinations, 7 currencies then all 21 pairs, 6 then 15, etc.

Now I accept that low volume & correlation can distort this, but I still can't understand how you selected your 24 pairs from the 28 possible. EURCHF for correlation? NZDCAD & CADCHF for low volume? but EURGBP? and there are other low volume pairs also?

The selection of the 12 pairs makes even less sense in light of the following ranking of pair by volume I quickly googled from fxpros.net:

EURUSD, 37% of the total volume
USDJPY, 13% of the total volume but not included in 12 pairs
GBPUSD, 12% of the total volume
AUDUSD, 6% of the total volume
USDCHF, 5% of the total volume but not included in 12 pairs
USDCAD, 4% of the total volume but not included in 12 pairs
EURJPY, 2% of the total volume but not included in 12 pairs
EURCHF, 2% of the total volume but not included in 12 pairs

Ignoring correlation as I've no real ideas on adjusting for that, surely the volume issue would be best addressed by weighting the contribution of a pair's slope to the CSS by overall volume traded?

First the one line represents the overall strength of a currency from its cross pairs used. So you want to know how the euro is doing against USD, GBP, and JPY you would only want to measure those three. If USD GBP are moving strong for some reason but the aud, nzd, chf, are not then it would take longer for the line to react to the strong USD, GBP overall moves. So comparing strength against only the pairs you are trading would give you a fair comparison. You just miss out on the others that is all.

The 12 pairs was meant to over ride the double effect of the eur and chf on the market. In other words it is like they get two votes since they are tied together by the SNB right now. I wanted to see if movements were recorded faster if I lessened their effect. The 12 pairs were split to give a representation of balance between them not the entire market. So they either got 3 or 4 pairs each to represent them. The 12 pairs is the one I use on another account where I am only trading those 12 pairs. That is in test mode for me.

[nanningbob]

It is time to drop everything and help someone who has immensely helped us very unselfishly.

http://www.stevehopwoodforex.com/phpBB3 ... 684#p92684

[dispell]

It is time to drop everything and help someone who has immensely helped us very unselfishly.

http://www.stevehopwoodforex.com/phpBB3 ... 684#p92684

Just got back from the market, never would've expected news like this.
Will try to help as much as possible with what I can, this place is like a 2nd home to me, for however long I've been here.

[nanningbob]

We wish Steve well.

CSS reads were really becoming clear until the USA open Friday and then everything kind of just stopped. Cad unexpected bad news flattened that thing and everything ended up in the center. My CSS read hopefully will be increase of commodity currencies CAD, AUD, NZD along with the USD. JPY in the middle and gbp eur chf down. However, everything flattened out and except for the CAD they all went into the center. I was hoping the moves of late Wed to mid Friday was the expected breakout we were looking for but now I am not so sure. Have to see how price reacts this week. Russia, Ukraine heating up, will be watching but ???????????????