art » Thu Mar 27, 2014 11:33 pm wrote:Hi guys with all this wonderful input its getting very confusing, we have bold traders input' als input, and of course bobs strategy' which we have all by now got to grips with, so how do we tie all this together, I,m looking at als strategy and charts and getting confused how I use it , together with 10.6, cheers

art » Thu Mar 27, 2014 11:33 pm wrote:Hi guys with all this wonderful input its getting very confusing, we have bold traders input' als input, and of course bobs strategy' which we have all by now got to grips with, so how do we tie all this together, I,m looking at als strategy and charts and getting confused how I use it , together with 10.6, cheers

nanningbob » Fri Mar 28, 2014 12:04 am wrote:

alorente » Fri Mar 28, 2014 12:55 am wrote:

matt_32 » Thu Mar 27, 2014 5:51 pm wrote:@alorente

I was playing around with the Extreme TMA info indi and noticed "Slope change". This, if turned on, changes its value according to the market. Can you elaborate a little bit on its meaning?

Thanks in advance

Matt

That tells you how much has the slope changed from the last candle and in what direction. This refers to the TMASlope indi that we dont use anymore, so you can ignore it.

Slope change was combined for the entire currency and incorporated into the CSS. So instead of trying to read the slope of one currency like gbp/cad and trading we now take all the gbp pairs and combine them into a general overall strength of the currency and make one line on the CSS screen. So we compare the combined over all strength of the GBP and CAD and compare them. I find this more accurate in making my trading decisions. So that is where that one went in case you were curious.

alorente » Fri Mar 28, 2014 3:05 am wrote:

nanningbob » Fri Mar 28, 2014 12:04 am wrote:

alorente » Fri Mar 28, 2014 12:55 am wrote:

matt_32 » Thu Mar 27, 2014 5:51 pm wrote:@alorente

I was playing around with the Extreme TMA info indi and noticed "Slope change". This, if turned on, changes its value according to the market. Can you elaborate a little bit on its meaning?

Thanks in advance

Matt

That tells you how much has the slope changed from the last candle and in what direction. This refers to the TMASlope indi that we dont use anymore, so you can ignore it.

Slope change was combined for the entire currency and incorporated into the CSS. So instead of trying to read the slope of one currency like gbp/cad and trading we now take all the gbp pairs and combine them into a general overall strength of the currency and make one line on the CSS screen. So we compare the combined over all strength of the GBP and CAD and compare them. I find this more accurate in making my trading decisions. So that is where that one went in case you were curious.

Thanks Bob. I wish I could use CSS profitably and I am trying but it seems it tells you what has already happened and when I base a trade on it, the damn pair changes direction on me. Also, in H4 there is quite a delay between what CSS says and actual price action. I am experimenting with M15 where you get a heads up a little earlier. For example, yesterday H4 CSS showed the GPS bands expanding with Gbp getting stronger and Usd weakening. I moved to M15 and Usd was moving up, Gbp down and Usd had already crossed Gbp, showing strength. I´ll keep at it ...

boldtrader » Fri Mar 28, 2014 9:15 am wrote:

alorente » Fri Mar 28, 2014 3:05 am wrote:

nanningbob » Fri Mar 28, 2014 12:04 am wrote:

alorente » Fri Mar 28, 2014 12:55 am wrote:

matt_32 » Thu Mar 27, 2014 5:51 pm wrote:@alorente

I was playing around with the Extreme TMA info indi and noticed "Slope change". This, if turned on, changes its value according to the market. Can you elaborate a little bit on its meaning?

Thanks in advance

Matt

That tells you how much has the slope changed from the last candle and in what direction. This refers to the TMASlope indi that we dont use anymore, so you can ignore it.

Slope change was combined for the entire currency and incorporated into the CSS. So instead of trying to read the slope of one currency like gbp/cad and trading we now take all the gbp pairs and combine them into a general overall strength of the currency and make one line on the CSS screen. So we compare the combined over all strength of the GBP and CAD and compare them. I find this more accurate in making my trading decisions. So that is where that one went in case you were curious.

Thanks Bob. I wish I could use CSS profitably and I am trying but it seems it tells you what has already happened and when I base a trade on it, the damn pair changes direction on me. Also, in H4 there is quite a delay between what CSS says and actual price action. I am experimenting with M15 where you get a heads up a little earlier. For example, yesterday H4 CSS showed the GPS bands expanding with Gbp getting stronger and Usd weakening. I moved to M15 and Usd was moving up, Gbp down and Usd had already crossed Gbp, showing strength. I´ll keep at it ...

Maybe this will help regarding CSS. As a professional trader of many years experience and many years and thousands of hours of using the TMA channels, Linear Regression Channels and several other strategies which I am well versed in, reading the CSS can be greatly simplified and understood (in my opinion) by monitoring the change of direction of each currency and the relationship between each currency.

A question I ask myself, "Which currency vs another is strengthening or weakening vs another? One process that has helped me tremendously is to draw vertical lines on each period of the H4 and Daily CSS. From this simple step, I can monitor the change and progress of the various currencies. It is a visual tool to help me monitor the slope change. Maybe a feature in the the future would be a column to indicate the change of slope, ie: an arrow up or down on each currency, and/or change in value. I couple this increase / decrease with the strategy I am using. If market is ranging, the Dual TMA Channels with H4 Ranging is perfect and a money machine. When the pair is trending, I primarily trade in the direction of H4. In attached example, was a recent trade on the GBPCAD which met the criteria of the latter. While monitoring the CAD strengthening, I was watching price action of the pair GBPCAD. Price jumped up to the upper channels just above the DP (Yes, I still use the DP). My entries are made based on using a SS entry under the rising lows above the TMA, or if price hits the TMA and reverses without moving above the TMA, I use the last bar which hits the TMA then place SS. Simultaneously, I am watching the CSS for confirmation. I can see the currencies moving away from each other in advance, at the very least simultaneously to price moving above the TMA channels. Since price is making this move, we can anticipate the pending move down on the pair. In this example, CAD was increasing, GBP decreased. CAD was above the +2.0 while GBP was held in the range area. This automatically puts a sell intent on GBPCAD. Couple with the price moving above the TMA Channels, and the STO7 in the upper zone, It was on a matter of time, patience for price to turn and drop.

On a more recent setup, I am short EURUSD based on the same setup.
I am also Long Silver in the commodities markets based on the same setup.

A chart of the GBPCAD setup is attached.

This is how I trade the TMA channels with the CSS and EDSEL. I also have other strategies, including a triple, automated Linear Regression Channel program, GANN Octaves, and FIB Road Map program. There are times when all of these are used. The program used is based on the market conditions.

I set the TMA channels to alert me when price moves outside of the channels, confirm with the CSS and confirm with Edsel if ranging or trending.

I keep it simple..1-2-3

1) CSS Pairs: Which currencies are increasing and decreasing;
Which currency is in a range, or moving to opposite zone ( +0.20 / -0.20 )
2) H4 Edsel: Trending or Ranging
If Trending, only trade in direction of Trend
If Ranging, confirm ranging color, look to CSS for confirmation of ranging.
3) Entry:
If Trending, wait until price moves to proper channels (lower for UPtrend, upper for Downtrend)
If Ranging, H4 must confirm ranging color, watch for price to move to upper or lower channels,
monitor CSS for confirmation of ranging / flat currencies & relationship.
Entry Techniques: Use SS or Closing Price Technique (CPT).


Hope this helps.

Cheers