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CSS WITH HGI & SUPER CSS
https://www.stevehopwoodforex.com/phpBB3/viewtopic.php?t=4735		 Page 3 of 35
Author:  nanningbob [ Tue May 31, 2016 3:37 pm ]
Post subject:  CSS WITH HGI
Swingtraderkk » Tue May 31, 2016 9:28 am wrote:Bob,

Simply brilliant explanation.

Can I take it that your knowledge and practical experience is encapsualted in the OOTB settings? i.e. that the ootb 24 pairs is superior to all 28 pairs due to low volume/correlation/weighting issues?

It's not 24 vs 28 pairs that would not change much the comparisons. It's how they are being compared by the formulas in the indi and the ability to read those differences. Think of driving a car and coming to a stop sign. That stop sign is the zero line on the CSS indicator. When you take off from the stop sign or zero line, you begin to accelerate. On the CSS indicator when you pass the 20 line either north or south you are entering a trend. If you're inside either 20 line you are in range mode. Once you pass the 20 line you are accelerating fast enough to be trending. Once you understand this you realize that even though the line changes direction. You were not changing direction on the price chart. You are just slowing down in the trend. Once you realize this that the trend is slowing down you are still going trending in price action. Price action is still going but at a slower speed. When you get back to the 20 line you will then enter the range period. When you hit the stop sign again and the trend is over. If the 0 line is crossed trend direction is changing for that currency.

Other indicators that you look at you don't know this speeding up and slowing down action is happening. This is what makes the CSS indicator superior to the other indicators that do this. So understanding this concept helps you to understand what future price action is going to do. We know that sometimes fundamentals change quickly and of course this changes how we read the indicator. The indicator does not predict sudden fundamental changes. No indicator can do that. So we can be pretty sure what price is going to do in the future unless a big fundamental suddenly changes price action.

So once again I emphasize the zero line is the stop line. Price action accelerates past the 20 line. And then begins slowing down until it crosses back over the 20 line. Then it comes back to the zero line. Once it passes the zero line the strength of the currency is changing from positive to negative or from negative to positive. This is the overall view of a specific Currency as compared to the entire market or the other currencies you were comparing it to.

Then you have the second comparison of each line to each other. So now you compare the price action of one Currency to the price action to another Currency and you can read what the market is doing comparing those two currencies. Is one Currency accelerating/decelerating faster than the other Currency? Is one currency accelerating while the other currency is decelersting? Are they parallel to each other and which one is higher or lower than the other? All these things you can study and come to understand price action between the Currencies.

This helps you understand which currency pairs will go in which direction up or down and then you can decide when to enter and went to exit the trade. Once you learn how to read the CSS indicator your chances of becoming a very good trader go very high. No matter what system you use you have a leg up on all the traders in the market. I would study the CSS indicator for months and months and months until you understand all the intricacies Inside and out. If I were new trader I wouldn't trade again until I completely understood how the CSS works. It will help you to become a very successful trader. So why waste your money until you understand how this indicator works. I will use it with HGI but you can use it with any trading system and be successful. Good luck
Author:  nanningbob [ Tue May 31, 2016 4:06 pm ]
Post subject:  CSS WITH HGI
Once you read the CSS chart and know what currency pairs to check and what to look for. You go to the specific currency pair and look for your best entrances and exits based on that information. JPY is going down and AUD is going up. Where do I enter and where do I exit the AUD/JPY buy is then based on price action of the individual charts according to your trading system. If there is a sudden price reversal the chart will tell you that but CSS is slow to react but individual charts are not. So use CSS to go look for specific kind of trades. Use your trading system to enter and exit the trades.
Author:  nanningbob [ Tue May 31, 2016 4:18 pm ]
Post subject:  CSS WITH HGI
Today's news story shows how no indi can predict a sudden change in the market. Even though GBP is the strongest pair it doesn't predict these kind of stories that will affect the market for a short period. So GBP will take a dive but if the underlying fundamentals don't change it should pick back up in a day or two. I don't believe a poll changes the fundamentals of the market but does make Forex trading fun.

http://www.businessinsider.com/pound-fa ... oll-2016-5
Author:  MathiasJ [ Tue May 31, 2016 4:36 pm ]
Post subject:  CSS WITH HGI
nanningbob » Tue May 31, 2016 3:32 am wrote:Reading CSS for the week.
1. GBP is the strongest so you would look to buy against all currencies. It also is holding steady as the leader.
2. USD is 2nd strogest but its upward swing is slowing down. Still look for buys but not against GBP
3. CAD & NZD are at the stop sign and are not trending. They are in the middle and going nowhere. Look for them to range against the USD with USD having the stronger moves. EUR, CHF, and AUD will have some up coming crosses so look for them to changer places and then buy EUR, CHF, and AUD against CAD and NZD.
4. EUR, CHF, & AUD are moving up but are still on the weak side. As they cross other currencies look to buy them.
5. JPY looks like its taking a dive. Sell as it crosses each currency. For example it just crossed the EUR line so look to buy EUR/JPY. ALSO look to buy AUD/JPY, GBP/JPY, USD/JPY, CAD/JPY, and NZD/JPY. Hold on CHF/JPY until the cross.

These are the CSS reads for this week.
This is for sure interesting and makes me thinking what your analysis could do when combined with MADDY/MADtrader... :)
To actually use the CSS Daily as a filter for what trades to take.
Follow this thread with interest and continue to think of good ways to combine this.
BR
Mathias
Author:  nanningbob [ Tue May 31, 2016 4:48 pm ]
Post subject:  CSS WITH HGI
What I've seen happened in the past and it may happen this time or it may not. Is that the Asian banks will jump up on the bargain price of the great British pound. The Bank of India, the bank of Hong Kong, Australian and New Zealand banks, will see the low price and do a jump on it. I have also noticed in the past that British petroleum doesn't like these big spikes. And they will often jump into the market and buy the pound back up to a stable price. However to be honest how the British exit the euro market and how it affects currency prices I have no idea.
Author:  RisklessPips [ Tue May 31, 2016 4:56 pm ]
Post subject:  CSS WITH HGI
Hi Bob

Masterful as always - Thanks for this. I have found my psychology tends to make me "see" a lot of false trades on HGI. I also manufacture trades when I'm bored or chasing the market :arrrg:

The CSS strength filter is exactly what I need to calm me down - no justification now to bet on weaker currencies regardless of what I think I see on HGI :)

Thanks

Charles
Author:  nanningbob [ Tue May 31, 2016 6:09 pm ]
Post subject:  CSS WITH HGI
When international banks trade they trade in yards. A yard is equal to one billion dollars. So if HK bank decides to buy 10 yards of the GBP at the open of the Asian session tonight or tomorrow or Fridsy, what are you going to do about it. Blame the indi, your broker, etc. just grab the tiger by the tail and take the ride b
Author:  Spurious [ Wed Jun 01, 2016 12:27 am ]
Post subject:  CSS WITH HGI
Bob

I noticed in the first photo you posted in this thread regards the information that the CSS indicator is telling us that CSS H4 = daily moves & CSS D1 = Weekly moves.

Please forgive me if this is a stupid question. ;)

Are all your M15 trades you posted taken looking at the CSS H4 & all your H4 trades looking at the CSS D1 (Since the H4 trades will last longer than a day)? Do you wait till CSS H4 is in agreement with CSS D1 of just run with what CSS H4 is telling you for the lower timeframes?

Thank
Justin
Author:  nanningbob [ Wed Jun 01, 2016 11:37 am ]
Post subject:  CSS WITH HGI
Thanks for your question. I only use the daily for my CSS reads. To me they are the best reads for the week. You then go to the chart and trading method of your choice and trade.

Wonder when the pound finished its dive into the bottomless pit. I don't think I've ever seen price drop like this because of an opinion poll. What this does is mess up the Indis so they don't show what's going on. Once this drop stops it will take a couple of days for Indis to adjust to the new market. So news driven market. Have fun.
Author:  TraderJoeForex [ Wed Jun 01, 2016 7:04 pm ]
Post subject:  CSS WITH HGI
This is great... reading with interest. Thanks Bob. :hi:
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