10.7 CSS

[nanningbob]

CSS shows strong trending. CAD still on top and had a good week trading gbp/cad and eur/cad.
eur and chf going down and had some good trades doing the aud/chf and usd/chf along with eur/usd this last week.
GBP is following the eur and chf down; commodity and jpy going up. I will look to sell gbp, eur, chf against the aud, nzd, and ................. yikes jpy.

I will continue looking at CAD trades going up along with aud, nzd, ( I dont trust the JPY buys but they are there) USD is in the middle and muddling along. I am going to continue to play sells on eur/usd and gbp/usd but I do expect a retrace (rally in the DT) at some point this week.

TMA is going to be hard to use on the 4H chart with pairs trending strongly. I like using he 30M or 1H when pairs trend strongly. It is easier to get in and out of trades.

When lines are outside the 20 lines that is showing strong trend and it looks like the gbp will join the party along with everyone else except USD. So happy trading and look for your signals to buy or sell on lower TF charts.

[dispell]

CSS shows strong trending. CAD still on top and had a good week trading gbp/cad and eur/cad.
eur and chf going down and had some good trades doing the aud/chf and usd/chf along with eur/usd this last week.
GBP is following the eur and chf down; commodity and jpy going up. I will look to sell gbp, eur, chf against the aud, nzd, and ................. yikes jpy.

I will continue looking at CAD trades going up along with aud, nzd, ( I dont trust the JPY buys but they are there) USD is in the middle and muddling along. I am going to continue to play sells on eur/usd and gbp/usd but I do expect a retrace (rally in the DT) at some point this week.

TMA is going to be hard to use on the 4H chart with pairs trending strongly. I like using he 30M or 1H when pairs trend strongly. It is easier to get in and out of trades.

When lines are outside the 20 lines that is showing strong trend and it looks like the gbp will join the party along with everyone else except USD. So happy trading and look for your signals to buy or sell on lower TF charts.

Finally, some movement on the market.
By the way, the dashboard gives contradicting signals against the CSS, do you trade against the CSS time to time, Bob?
Right now I'm getting CHF and EUR buys on the dashboard, but whole different stories on the CSS. Differences could be explained by unstable market direction on the 10.7 though.
One more thing, do you usually trade the asian session? Or do you set pendings here and just go about your day?

[zader]

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.

I was just re-reading this thread and thought I'd post what I'm using at the moment as it seems to make quite a big difference to the readings. I don't trade the CHF at all because its got over 97% correllation with the EUR on all time frames against all currencys, so I figure if a trade opportunity presents itself on a CHF pair it will or already has popped up on the EUR, so less for me to watch and less is better for my brain .

So taking the remaining majors and weighing them equally with each other i get this>

CSS.png

which gives me this on Global Prime(of course)

GP_CSS.png

Thoughts guys? right way, wrong way, better way, worse way, stupid way

[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.

I was just re-reading this thread and thought I'd post what I'm using at the moment as it seems to make quite a big difference to the readings. I don't trade the CHF at all because its got over 97% correllation with the EUR on all time frames against all currencys, so I figure if a trade opportunity presents itself on a CHF pair it will or already has popped up on the EUR, so less for me to watch and less is better for my brain .
So taking the remaining majors and weighing them equally with each other i get this>which gives me this on Global Prime(of course)
Thoughts guys? right way, wrong way, better way, worse way, stupid way

zader, same as yours for the same reasons, with one exception: I do not have NZDCAD, since my broker does not offer this pair. - and the difference is huge : Mike

[nanningbob]

CSS shows strong trending. CAD still on top and had a good week trading gbp/cad and eur/cad.
eur and chf going down and had some good trades doing the aud/chf and usd/chf along with eur/usd this last week.
GBP is following the eur and chf down; commodity and jpy going up. I will look to sell gbp, eur, chf against the aud, nzd, and ................. yikes jpy.

I will continue looking at CAD trades going up along with aud, nzd, ( I dont trust the JPY buys but they are there) USD is in the middle and muddling along. I am going to continue to play sells on eur/usd and gbp/usd but I do expect a retrace (rally in the DT) at some point this week.

TMA is going to be hard to use on the 4H chart with pairs trending strongly. I like using he 30M or 1H when pairs trend strongly. It is easier to get in and out of trades.

When lines are outside the 20 lines that is showing strong trend and it looks like the gbp will join the party along with everyone else except USD. So happy trading and look for your signals to buy or sell on lower TF charts.

Finally, some movement on the market.
By the way, the dashboard gives contradicting signals against the CSS, do you trade against the CSS time to time, Bob?
Right now I'm getting CHF and EUR buys on the dashboard, but whole different stories on the CSS. Differences could be explained by unstable market direction on the 10.7 though.
One more thing, do you usually trade the asian session? Or do you set pendings here and just go about your day?

I am not against dashboards but I do not use them. I take the time to read charts and learn. That is how you learn this business not by studying dashboards. I do understand a dashboards use especially by those who still work and trade PT. They do save a lot of time but to me I dont. So ........... no dashboard for me.

I trade everything, however the most important signals are the ones at the beginning of a session. They usually will work out the best. I have talked about this many times and I still get questions about it. Market movement is the first 2-4 hours of a session. It is why I dont use volume bars. I already know volume increases at the beginning of a session and hits its peak 2-4 hours in. I then take my profit and move on unless I know a strong fundamental is in play.

I really dont understand questions like, do you wait for candles to close, do you wait until such and such. I dont wait. I trade. The pendings pick up the trade when ever the market moves.

I dont wish to be mean but WHY WAIT???? If the market is moving, for whatever the reason, I trade. If there is a news story at 800 and the market is cheating towards its direction before the news story my pending is hit and I am in. You never see me talking about widen spreads at news time. The reason is I believe what my indicators/fundamentals are telling me. There is a reason i use the 240 which simulates the monthly candle. I know prices go on 3-7 month runs in one direction on a monthly chart. So I go with the long term flow.

Lets take the gbp/usd. It is at a major R line on the monthly chart. gbp/usd has been in a 11 month UT. The 170.00 is a big hurdle to cross. With the negative news that has hit the euro economies and also gbp negative news and more postive news coming out of USD. I am going short because that is what my 4H chart is telling me. It will take something really really positive to push the gbp above that mark. I dont see that coming. Euro is way down and sinking, gbp will follow. Here is CSS showing euro leading the gbp. Sometimes the gbp goes first the euro follows. Until one of them moves up I am euro sell and gbp sell.

[dispell]

I am not against dashboards but I do not use them. I take the time to read charts and learn. That is how you learn this business not by studying dashboards. I do understand a dashboards use especially by those who still work and trade PT. They do save a lot of time but to me I dont. So ........... no dashboard for me.

I trade everything, however the most important signals are the ones at the beginning of a session. They usually will work out the best. I have talked about this many times and I still get questions about it. Market movement is the first 2-4 hours of a session. It is why I dont use volume bars. I already know volume increases at the beginning of a session and hits its peak 2-4 hours in. I then take my profit and move on unless I know a strong fundamental is in play.

I really dont understand questions like, do you wait for candles to close, do you wait until such and such. I dont wait. I trade. The pendings pick up the trade when ever the market moves.

I dont wish to be mean but WHY WAIT???? If the market is moving, for whatever the reason, I trade. If there is a news story at 800 and the market is cheating towards its direction before the news story my pending is hit and I am in. You never see me talking about widen spreads at news time. The reason is I believe what my indicators/fundamentals are telling me. There is a reason i use the 240 which simulates the monthly candle. I know prices go on 3-7 month runs in one direction on a monthly chart. So I go with the long term flow.

Lets take the gbp/usd. It is at a major R line on the monthly chart. gbp/usd has been in a 11 month UT. The 170.00 is a big hurdle to cross. With the negative news that has hit the euro economies and also gbp negative news and more postive news coming out of USD. I am going short because that is what my 4H chart is telling me. It will take something really really positive to push the gbp above that mark. I dont see that coming. Euro is way down and sinking, gbp will follow. Here is CSS showing euro leading the gbp. Sometimes the gbp goes first the euro follows. Until one of them moves up I am euro sell and gbp sell.

TBH I havent taken a signal from the dashboard. Past 2-3 trading days were on the CSS crosses. Today I'm looking at buying the Japanese Yen which has crossed the 20 on the CSS yesterday and is slowly picking up speed. Slowly and surely I'm beginning to get there, sorry for all the dumb questions. The CSS concept was vague at the beginning, but slowly I'm seeing how it all makes sense.

Cheers, Bob!
You're hell of a teacher.

[dclayw]

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

OK, I'm also going down the path now of removing CHF entirely and also removing some pairs I don't trade. Can I please clarify if this is the correct way to achieve this:

Under the symbolsToWeigh variable I list only those pairs I want to trade, AND
In the Currency inputs section I set CHF to false

Is this correct? I was expecting CHF to disappear altogether. It is still listed in the table as 0.00, and while there is no line drawn for CHF in the chart, crosses of the CHF are still listed in the table.

[nanningbob]

OK, I'm also going down the path now of removing CHF entirely and also removing some pairs I don't trade. Can I please clarify if this is the correct way to achieve this:

Under the symbolsToWeigh variable I list only those pairs I want to trade, AND
In the Currency inputs section I set CHF to false

Is this correct? I was expecting CHF to disappear altogether. It is still listed in the table as 0.00, and while there is no line drawn for CHF in the chart, crosses of the CHF are still listed in the table.

I only use CSS with the 24 pairs I trade. This is important to know because i only want to know the strength of the currencies I use. If you trade 10 currencies you will want to know their strength in comparison to each other. The others wont matter to you. The problem you may face is if you are too heavy into one or two pairs and you arent getting enough balance. I posted a 12 pair CSS but I tried to make sure there was balance, in that I used 3 or 4 crosses of each currency. So look at what you are trading and making sure you have a balance of the pairs you are comparing.

I also have questioned in the past the relationship between the eur and chf since they are so tightly correlated. Does this skew my information too heavily for my eur and chf reads.

[nanningbob]

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.

I was just re-reading this thread and thought I'd post what I'm using at the moment as it seems to make quite a big difference to the readings. I don't trade the CHF at all because its got over 97% correllation with the EUR on all time frames against all currencys, so I figure if a trade opportunity presents itself on a CHF pair it will or already has popped up on the EUR, so less for me to watch and less is better for my brain .

So taking the remaining majors and weighing them equally with each other i get this>which gives me this on Global Prime(of course)

Thoughts guys? right way, wrong way, better way, worse way, stupid way

I went and had Milanese tto ake out the CHF from the CSS indicator. This way the CHF and EUR are one read and it doesnt affect the charts by double. I basically found out the numbers were very much the same but you had one less line to deal with to clutter the screen. So the indi is based on 6 crosses for each currency and should represent the 7 major strength of each currency. This would affect eur/chf reads since there no longer is one. I dont trade eur/chf if find it too slow and tight but then again that makes for a great ranging pair to trade. So now my CSS is based on 21 cross pairs 6 each of the aud, cad, eur, gbp, jpy, nzd, usd. This hopefully will give us consistent and accurate reads. Until the SNB uncouples itself from the eur you would read the eur and chf as the same if you still want to trade chf. I trade the aud/chf (one of my favorite pairs to trade) chf/jpy, gbp/chf (the pair I hate the most and owes me a lot of money) nzd/chf and usd/chf. This will give me 27 pairs to trade. I added eur/gbp, nzd/cad and cad/chf to my previous list. I will probably whittle this down at a later date but i want to see how this fleshes out. I changed my trading screen around some and hope to come to a final version for myself. I will then have everything set up for how I like to trade. I wanted my screen to be neat clean and have as few indicators and signals as possible. I think I have the combination I want but want to test it a bit more.

[nanningbob]

OK CSS reads for this next week.

CAD still on top showing some resilience. Will be interesting to see if it stays there another week. I am still playing CAD strong gbp/cad, eur/cad, and cad/jpy and that lead to some nice pips on those three.
EUR even thought the euro was on the bottom most of that came on its drop against the USD. The rest were kind of so so to nothing.

GBP moved back to the middle where it likes to hide. I promoted a gbp/usd sell early in the week and it went nowhere and then up. Ended up closing it with a 2nd trade for a small profit on the second trade which wiped out my original trade. Just got in too early for that USD strength move. I made some nice profit on the gbp/jpy move which actually was the opposite of the CSS read but you wont catch me buying the JPY.

Emperor K is getting tons of pressure to not let the JPY appreciate much more, so when he steps in I expect to see some nice moves there. The news story earlier in the week probably was the start so ........... can they overcome the fact of China economy slowing down which makes people buy the YEN for safety. I find this curious that the nation with the most debt ratio to GDP (240%) is considered a safety currency. Some things still do not compute with me but USA is at 107% and doom and gloom are all over the internet. I dont believe their crap at this time. Yes we need to make some structural changes but doom and gloom are not here. Yes those who are predicting an economic collapse this summer are full of HUUUEEEY. (My dad used to say that and have no idea where it came from. Today it means SH>>>>>>>>)

NZD.AUD these two are buddies and its good to see them moving together again. They have switched places with the NZD going first and the AUD following so when I see the NZD start moving up again, I will look to buy the AUD. As I have said before the aud, nzd usually move in opposite directions with the JPY. So I will look for JPY to weaken along with aud nzd strength when it happens. Right now its not there yet but we will look for it. RIght now JPY bond sales are flat with the BOJ being the only buyer. So the bank sells money to increase the money supply, to increase inflation, to kick start the economy again, but it is the only buyer of the bonds. ?????????????????? HMMMMMMMMMMMMMMMMM Japnan population is aging and they want to cash in their bonds not buy more sooooooooooooooooo anyone want to buy a JPY bond?????

USD go go go go go finally all those predictions of USD strengthening, is it finally happening??????????? I wouldnt bet the house on it but I will look for re-tracements this week and buy into USD strength. I cant remember the USD being on top this year but it could have been for a short time.

SO still looking at CAD and USD buys, you can try JPY if you want but Idont buy JPY.
EURO sells, how far will this one go down??
aud, nzd sells until NZD crosses over the AUD and then I plan on investing heavily on nzd and aud buys. Going for that positive swap. Then I will sell the JPY with them.

Attached is the new CSS without CHF V.3.5 I will be testing. I already like because it works on weekends, so what ever bug was in it, it is now fixed. It should also give warning alerts for crossing pairs and crossing the 20./-20. Good luck.