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10.4/10.5 trades only
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Author:  ak71vie [ Tue May 21, 2013 4:32 pm ]
Post subject:  Re: 10.4/10.5 trades only
I am new to this forum. I have studied the documentation on NB 10.4 and 10.5, but today I have a question.

example GBPJPY.

21 May 8am GMT. CSS is green, AO is nearly 0, RSI = 0. Hence, I am looking for a buying option. I put a buy stop at 1/2weeklyR1 (156.28). it got hit, and right after GBPJPY dropped to 1/2weeklyS1 (155.31). Something went wrong?
Author:  pips400 [ Tue May 21, 2013 4:52 pm ]
Post subject:  Re: 10.4/10.5 trades only
ak71vie wrote:I am new to this forum. I have studied the documentation on NB 10.4 and 10.5, but today I have a question.

example GBPJPY.

21 May 8am GMT. CSS is green, AO is nearly 0, RSI = 0. Hence, I am looking for a buying option. I put a buy stop at 1/2weeklyR1 (156.28). it got hit, and right after GBPJPY dropped to 1/2weeklyS1 (155.31). Something went wrong?
First of all welcome to the forum, I'm sure you'll get a lot of help here. Looking at your trade (with hindsight) the signals you mentioned seemed correct, but I don't like the overall context here, to the left the pair has been going nowhere for a week, so there's no real momentum either way. Also on the CSS info chart, at the time mentioned, on my broker it shows that GBP and JPY were very close together moving in same direction with the GBP moving to cross below the JPY giving a very slight sell bias. There were much better setups to be taken, I would use CSS info and momentum to take the best picks of the day. Hope that helps. :D
Author:  spillini [ Tue May 21, 2013 7:46 pm ]
Post subject:  Re: 10.4/10.5 trades only
She came thru afterall guys. Down she goes. I guess there is a reason for the Fibs, and combining it with Bobs system just puts it over the top.

Jim



spillini wrote:Dam guys, I am still liking the GBP/CAD even though it is flirting with the 240. As you can see I am scaled in pretty good here. Let me explain please: I am a firm believer in Fibs and when I put it together with Bobs system, I get another insight into a pair. Check out where the price touched. It went to 61.8% level of the 4 hr move from 4/25 to 5/13. An 18 day move that is ripe for a short. Thus, My stop was left out until I could see this price break that fib level. It turns out that I may have been right. Hope this helps explain why I am staying in past the 240. You see, I consider the 240 as an area and not just a line.

PS, sometimes you just have to grow a set and go for it...LOL

2nd chart is a close up.

Jim
Author:  spillini [ Tue May 21, 2013 7:50 pm ]
Post subject:  Re: 10.4/10.5 trades only
Here is another you can run Fibs on. Bobs system says short, and she is just shy of the 61.8 % Fib level.

Jim
Author:  Jemook [ Tue May 21, 2013 10:12 pm ]
Post subject:  Re: 10.4/10.5 trades only
ak71vie wrote:I am new to this forum. I have studied the documentation on NB 10.4 and 10.5, but today I have a question.

example GBPJPY.

21 May 8am GMT. CSS is green, AO is nearly 0, RSI = 0. Hence, I am looking for a buying option. I put a buy stop at 1/2weeklyR1 (156.28). it got hit, and right after GBPJPY dropped to 1/2weeklyS1 (155.31). Something went wrong?
CSS changed to red in the last H4 candle in your pic. If you want to cut losses early this is your cue to exit the position. Then just wait for another goldenrod and set your pending buy stop(s) again :)
Author:  kwanann [ Tue May 21, 2013 11:14 pm ]
Post subject:  Re: 10.4/10.5 trades only
I.m now in CT mode for aud pairs. Based on naked trading, aud pairs have reached their limits, might have an additional push based on 240ma, but that's about it. Going to use those lines in reverse for my scaling and TP levels
Author:  nicoacademia [ Wed May 22, 2013 1:10 am ]
Post subject:  Re: 10.4/10.5 trades only
2nd day really using CSS and decided to test throw what i figure.
these are the bullish n bearish pairs.

(i didn't believe the downslope of the GBP(red) versus upsloping EUR(blue) at the start of yesterday but over the course of the trading day that slope played out to my detrimental effect. i learn best when i feel it.

so here goes. bullish USD/EUR bearish NZD/AUD

check 4H for RSI2 condition & above/below 240line.

entered a short AUDUSD at 0.979-ish. (and its in profit now)
yesterday's EURNZD had a 60 pip drawdown but came good in the end. :lol:
130522 morningsnapshot.png
130522au.png
Author:  kwanann [ Wed May 22, 2013 1:56 am ]
Post subject:  Re: 10.4/10.5 trades only
nicoacademia wrote:2nd day really using CSS and decided to test throw what i figure.
these are the bullish n bearish pairs.

(i didn't believe the downslope of the GBP(red) versus upsloping EUR(blue) at the start of yesterday but over the course of the trading day that slope played out to my detrimental effect. i learn best when i feel it.

so here goes. bullish USD/EUR bearish NZD/AUD

check 4H for RSI2 condition & above/below 240line.

entered a short AUDUSD at 0.979-ish. (and its in profit now)
yesterday's EURNZD had a 60 pip drawdown but came good in the end. :lol:
130522 morningsnapshot.png
130522au.png
You should have tried the EUR or GBP pairs, moved up about 40pips each
Author:  nicoacademia [ Wed May 22, 2013 2:38 am ]
Post subject:  Re: 10.4/10.5 trades only
kwanann wrote:
nicoacademia wrote:2nd day really using CSS and decided to test throw what i figure.
these are the bullish n bearish pairs.

(i didn't believe the downslope of the GBP(red) versus upsloping EUR(blue) at the start of yesterday but over the course of the trading day that slope played out to my detrimental effect. i learn best when i feel it.

so here goes. bullish USD/EUR bearish NZD/AUD

check 4H for RSI2 condition & above/below 240line.

entered a short AUDUSD at 0.979-ish. (and its in profit now)
yesterday's EURNZD had a 60 pip drawdown but came good in the end. :lol:
130522 morningsnapshot.png
130522au.png
You should have tried the EUR or GBP pairs, moved up about 40pips each
which pair n referring to when?

touch not that GBP.

ive identified these 4 pairs to look at for myself...at start of the trading day for the sessions ahead.

happy with what im focused on having seen it in play yesterday...
Author:  nanningbob [ Wed May 22, 2013 3:27 am ]
Post subject:  Re: 10.4/10.5 trades only
Jemook wrote:
ak71vie wrote:I am new to this forum. I have studied the documentation on NB 10.4 and 10.5, but today I have a question.

example GBPJPY.

21 May 8am GMT. CSS is green, AO is nearly 0, RSI = 0. Hence, I am looking for a buying option. I put a buy stop at 1/2weeklyR1 (156.28). it got hit, and right after GBPJPY dropped to 1/2weeklyS1 (155.31). Something went wrong?
CSS changed to red in the last H4 candle in your pic. If you want to cut losses early this is your cue to exit the position. Then just wait for another goldenrod and set your pending buy stop(s) again :)
Ｉthink CSS will work great with Jack's stuff. You have a future outlook from CSS and great entrance points from his patterns. FIB guys will find this info useful, basically CSS will work with any known system and get a jump on what to look for next.

My problem now is not my computer at work. I cant seem to connect with Cowboy IBFX server from my work location but I can at home. I can t even get to their website from work either. So the issue for me is not Empty4 and the charts but internet blockage. Maybe China doesnt want me to trade while I am working. LOL :lol:
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