10.7 CSS

[Pipstubborn]

I have just been following the Sto alerts and validating trend direction and this only as already gave me 200 pips this week...and closing positions with no regrets it things don't look "healthy".

Regards!

Thank you, I wish more people would report what they are doing.

Hi Bob, I want to also share what I do, although slightly different.

Direction.- I use D1 CSS together with the Dummies. Sometimes W2 Red does not agree but when it does it makes the perfect Directional Trinity and a sure trade. I also use the NB 10.2 TMA Slope Display v1.0 with readings of H1 H4 D1 W1 (a contribution of Alorente)

Time Frame.- I trade the H1 only but I add a H4 MTF STO722 that allows me to see the H4 sto7 inside the H1 TF chart, so there is no need to flip over the TF's. I notice that when H1 STO and H4 STO are in the same area for a buy/sell signal is VERY VERY powefull.

Entries.- I take all the H1 STO7 signal alerts that I can (except for the ones that happens when I'm sleeping, eating, napping, dating........ fill the blank) and when H1 and H4 STO7 signals are in sync in the same buy/sell area I double my position.

Exits.- I target the first H1 TMA band and adjust it once a day. When the H1 TMA is behind my trades then I target the next profitable DP,DP s/r's, MDP s/r's lines (the old way 10.2) which I dull them enough to see PA

Stop Loss.- These two words does NOT EXIST in my vocabulary.

Closing Losing Positions.- I close losing positions when the direction change or when the DD goes beyond 15% but at the same time I close some winning positions to try to balance the losers.

A small note about D1 CSS.- I don't use EUR and CHF together but separetly, why? Because I notice that although they are tied together, they are slightly different and one gives me a heads up of what the other one is going to do. For example if the AUD/CHF is changing direction then the EUR/AUD will do it later or viceversa allowing me to start building positions on the EUR/AUD in this case. And this happens with all the pair crosses of the EUR and CHF.

Money Management.- I trade tiny lots, I size the lots in a way that my Margin Level is never below 1000%

By using this strategy of Bob's system for 3 weeks so far I have achieve the following.- First week 9.93% profit. Second week 11.7% profit. Third week in play right now I have the following.-

DATE PIPS % PROFIT
30.06.14 370 0.51
01.07.14 1833 3.40 This profit was from previous positions of last weeks.
02.07.14 76 0.15
03.07.14 442 0.51
Week 2837 4.85
DD% so far - 8.6 %
I will trade this way for 7 more weeks to have more statistically reliable results.

This are my 2 cents with a gigantic gratitude to Bob..... YOU ARE THE MAN !!!!!

[Lydia]

Hi Bob, I want to also share what I do, although slightly different.

Direction.- I use D1 CSS together with the Dummies. Sometimes W2 Red does not agree but when it does it makes the perfect Directional Trinity and a sure trade. I also use the NB 10.2 TMA Slope Display v1.0 with readings of H1 H4 D1 W1 (a contribution of Alorente)

Time Frame.- I trade the H1 only but I add a H4 MTF STO722 that allows me to see the H4 sto7 inside the H1 TF chart, so there is no need to flip over the TF's. I notice that when H1 STO and H4 STO are in the same area for a buy/sell signal is VERY VERY powefull.

Entries.- I take all the H1 STO7 signal alerts that I can (except for the ones that happens when I'm sleeping, eating, napping, dating........ fill the blank) and when H1 and H4 STO7 signals are in sync in the same buy/sell area I double my position.

Exits.- I target the first H1 TMA band and adjust it once a day. When the H1 TMA is behind my trades then I target the next profitable DP,DP s/r's, MDP s/r's lines (the old way 10.2) which I dull them enough to see PA

Stop Loss.- These two words does NOT EXIST in my vocabulary.

Closing Losing Positions.- I close losing positions when the direction change or when the DD goes beyond 15% but at the same time I close some winning positions to try to balance the losers.

A small note about D1 CSS.- I don't use EUR and CHF together but separetly, why? Because I notice that although they are tied together, they are slightly different and one gives me a heads up of what the other one is going to do. For example if the AUD/CHF is changing direction then the EUR/AUD will do it later or viceversa allowing me to start building positions on the EUR/AUD in this case. And this happens with all the pair crosses of the EUR and CHF.

Money Management.- I trade tiny lots, I size the lots in a way that my Margin Level is never below 1000%

By using this strategy of Bob's system for 3 weeks so far I have achieve the following.- First week 9.93% profit. Second week 11.7% profit. Third week in play right now I have the following.-

DATE PIPS % PROFIT
30.06.14 370 0.51
01.07.14 1833 3.40 This profit was from previous positions of last weeks.
02.07.14 76 0.15
03.07.14 442 0.51
Week 2837 4.85
DD% so far - 8.6 %
I will trade this way for 7 more weeks to have more statistically reliable results.

This are my 2 cents with a gigantic gratitude to Bob..... YOU ARE THE MAN !!!!!

Hi Pipstubborn,

Thanks for sharing, your strategy sounds very interesting to me.
Can you please share your template?

Thanks.

[Pipstubborn]

Hi Lydia, I can't find the template file to copy it here, sorry. But here is the MTF stochastic indi. Hope this helps.

[Pipstubborn]

Hi Lydia, Ooops I forgot. You can use your 107 template and click and drag the H4 Sto7 to the window of the Stochastic, Red and Yellow. If you wish you can also add a D1 Sto7 you will need to change the setting to 1440.

I'm also adding the DP and MDP's. The Dummy lights you can find them in 10.6 Edsel.

Hope this helps, let me know.

[Lydia]

Hi Lydia, I can't find the template file to copy it here, sorry. But here is the MTF stochastic indi. Hope this helps.

Thanks Pipstubborn, I will try it.

Cheers.

[nanningbob]

I am using 10.7 with the DP and TMA. Add a CSS read and that pretty well does it. I use 10.7 on the 30M and 4H and sometimes the Daily. Gives me plenty of trades to choose from and away we go. If others are having success please share.

[nanningbob]

Well here it is. Everyone back to the middle and then????

[retireme]

Greets Bob,

Burning the midnight oil I see...

Quick question or maybe observation:

The attached pic shows CSS 3.1 (with CHF) and CSS 3.5 (without CHF)

Would the differences between the two results have any bearing on currency strength in general (with regard to trade influence), regardless of whether you were trading CHF pairs or not?

Rgds
RM

[Viv]

I am using 10.7 with the DP and TMA. Add a CSS read and that pretty well does it. I use 10.7 on the 30M and 4H and sometimes the Daily. Gives me plenty of trades to choose from and away we go. If others are having success please share.

Hi Bob

As a long time lurker of the forum, I'd like to report (finally) on my progress, and to to thank you for your teaching, and sharing of your methods.
I had been trying to learn the art of currency trading for almost two years with little success, I somehow stumbled on Steve's forum, and Bob's methods - I think it was 10.2 then, but it all looked a bit complicated, so I persisted with my one trade at a time - looking for the home run, let the profit run mentality, as widely taught. I'm sure if applied correctly, these trading methods can work, but they did not for me .

I kept receiving the weekly "Good Luck" email from Steve (thank you Steve), so about a year later decided to have another look. It has taken me some time to get my head around everything (not helped by moving from New Zealand to Ireland!) however, as I began trading again, following Bob's advice, gradually I am beginning to recoup my losses - making more (still on penny lots here) in a few months than I did in years, and not having the losses. I think reading Bob's Philosophy of Trading was crucial for me - a real change of trading mindset. I don't obssess over one trade - I have lots of tiny ones running, if they are negative for a while that's fine (I'm mainly taking +ve swaps trades, so that mounts up too) when I see profit, I take it, and if the move continues, I just get in again.
I watch CSS, use 10.7 on 4hr & 30m - I still like Dummy Lights, and use TMA. I accept a 10% drawdown, but try to stay under that. My trading is now relaxed, routine, and satisfying as those little trades mount up. I used to be taught to aim for a "home run" every week (100 pips) Now I can achieve that most days (on average). This is not to boast - but to encourage others.

So, for lurkers like me, please keep trying, it takes time, but with perseverance it can happen

Thank you Bob for your kindness & patience

Vivienne

[Nidolap]

I am using 10.7 with the DP and TMA. Add a CSS read and that pretty well does it. I use 10.7 on the 30M and 4H and sometimes the Daily. Gives me plenty of trades to choose from and away we go. If others are having success please share.

Hi Bob

As a long time lurker of the forum, I'd like to report (finally) on my progress, and to to thank you for your teaching, and sharing of your methods.
I had been trying to learn the art of currency trading for almost two years with little success, I somehow stumbled on Steve's forum, and Bob's methods - I think it was 10.2 then, but it all looked a bit complicated, so I persisted with my one trade at a time - looking for the home run, let the profit run mentality, as widely taught. I'm sure if applied correctly, these trading methods can work, but they did not for me .

I kept receiving the weekly "Good Luck" email from Steve (thank you Steve), so about a year later decided to have another look. It has taken me some time to get my head around everything (not helped by moving from New Zealand to Ireland!) however, as I began trading again, following Bob's advice, gradually I am beginning to recoup my losses - making more (still on penny lots here) in a few months than I did in years, and not having the losses. I think reading Bob's Philosophy of Trading was crucial for me - a real change of trading mindset. I don't obssess over one trade - I have lots of tiny ones running, if they are negative for a while that's fine (I'm mainly taking +ve swaps trades, so that mounts up too) when I see profit, I take it, and if the move continues, I just get in again.
I watch CSS, use 10.7 on 4hr & 30m - I still like Dummy Lights, and use TMA. I accept a 10% drawdown, but try to stay under that. My trading is now relaxed, routine, and satisfying as those little trades mount up. I used to be taught to aim for a "home run" every week (100 pips) Now I can achieve that most days (on average). This is not to boast - but to encourage others.

So, for lurkers like me, please keep trying, it takes time, but with perseverance it can happen

Thank you Bob for your kindness & patience

Vivienne

Thanks for sharing.