10.6 EDSEL

[nanningbob]

For 10.4 and 10.6 system, if I understand well,

For 10.4 system, we must take care:
- CSS H4 = Currency position : Under -20 or Over 20
- CSS D1 = Strength direction + Position with others (over or under)

For 10.6 system, we must take care:
- CSS H4 = Strength direction
- CSS D1 = Strength position

For direction, the pairs we will look must be those are in opposite direction or only the direction of one currency is enough ?

yup The thing is lately the currencies have been ranging so we have been doing some range trading waiting for trends to break out again. With the Ukraine/Russia news the markets have kind of frozen in ranges to see what will happen next. War is a big deal and does weigh heavily on the markets.

[boldtrader]

Nice sell setups (multiple) on EURNZD;

[boldtrader]

Nice sell setups (multiple) on EURNZD;

Target hit.. nice trade..

[nanningbob]

Same thing but 4H screen. Trade 1 to go to the previous low or earlier in the week. Trade 2 to break previous low. I will do trade 2 because of the V pattern in the STO 7 which is a signal of a stronger move past the previous low. Took the first trade breaking the DP and the xxx.050 line. TP profit at xxx.000 line and next trade if it breaks past the xxx.000 line. My next TP will be determined by how strong I think the move will be. Stay tuned.

[nanningbob]

DAILY CSS shows eur and nzd have just crossed on the daily NZD picking up speed. EUR slowing down heading for the 0 stop sign. Euro is still a strong currency though.

[nanningbob]

4H CSS also have eur and nzd cross. Now do you let your winners run. This is how CSS helps you make this decision. If NZD stays above the 20 and the eur crosses the 0 and then -20 this is a let your winner run trade. If you notice my chart I have 3 setup trades. First one is just a quick profit, second based on V move it will break lower than the previous low. Third trade is enter below an earlier low and let it run. The CSS will let me know if this third trade will run or not. I profit quickly, I profit on a breakout, I profit if it runs. If my CSS signal changes my mind. I will profit 1 or 2 trades and stop the third. That is how I play it.

[yamez]

Nice sell setups (multiple) on EURNZD;

Are you using CSS for your entries boldtrader?

I placed H1 EURJPY, AUDCAD trades based on a fib retracement pattern in line with EDSEL trend and TMA. Stochastic EA (TCO) used for entry.

[Anthar]

4H CSS also have eur and nzd cross. Now do you let your winners run. This is how CSS helps you make this decision. If NZD stays above the 20 and the eur crosses the 0 and then -20 this is a let your winner run trade. If you notice my chart I have 3 setup trades. First one is just a quick profit, second based on V move it will break lower than the previous low. Third trade is enter below an earlier low and let it run. The CSS will let me know if this third trade will run or not. I profit quickly, I profit on a breakout, I profit if it runs. If my CSS signal changes my mind. I will profit 1 or 2 trades and stop the third. That is how I play it.

Hi Bob, something made EURNZD spike back up against our trading direction, how do you manage this situations. In my case it just hit 240 MA which is my fixed SL, I play it this way 'cause I'm not comfortable bearing DD, but I'm curious to know if you're still holding your position. Thanks for the analisis on this trade mate! and hope to see you out in green.

[art]

yep, i was in that eurnzd trade,but i closed it out at, 163.22, right at the bottom when it touched the lower tma band, no idea what send the euro shooting up, something was announced

[Pipstubborn]

Art, you were trading the H1.... right?