harry89 wrote:I thought the idea was to have the 1h CSS running while on the 4H chart to give us a heads up as to what is happening on a lower time frame. Thus they should not correlate.

Jemook wrote:Good luck. I've closed that counter-trend basket for -140 pips. My account grew by 7% this week. Another great week for the baskets. Catch you all over the weekend, signing out.

Armen wrote:@Jem, I put my SL at the same level as TP ie 50 pips just to have RR 1:1 as you have mentioned Jem.

Jemook wrote:The new CSS Slope is indeed better. I should update the package soon. I might even replace with MTF CSS.

Jemook wrote:Good luck. I've closed that counter-trend basket for -140 pips. My account grew by 7% this week. Another great week for the baskets. Catch you all over the weekend, signing out.

That countertrend basket went +600 pips positive. Now this doesn't mean we should always put in counter trend baskets but Friday CSS Slopes showed some signs of weakening which means to stay out (or countertrend!) I think we will have some good setups back into the trend on Monday.

Armen wrote:@Jem, I put my SL at the same level as TP ie 50 pips just to have RR 1:1 as you have mentioned Jem.

Be careful, 50 pips SL / TP is very low for a basket system. My trades almost always START in 50 pips drawdown due to spread.

NeoTrader wrote:

Mike wrote:Most of us have some sort of CSS slope....

The diverging and converging of both of the currency slopes are strong indicators of a trend/move change. Also the same with the Diff slope. The Diff can also be used like the TMA since they are highly (almost exactly) correlated. This means Diff above 0 only buys...below 0 only sell...the stronger the Diff gets the stronger the move becomes... NeoTrader
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moed-fx-lhox wrote:Hi guys,

Wanna share my setup for today.
I start the basket at 09.17 ( Instaforex Crims Market Watch Time) or 1 hour before London Open.

Moody

NeoTrader wrote:Hi harry,

harry89 wrote:I thought the idea was to have the 1h CSS running while on the 4H chart to give us a heads up as to what is happening on a lower time frame. Thus they should not correlate.

That is still the case... only the old version showed you the exact same view as you where in the H1 timeframe but had no correlation to the bars you are seeing on the H4...the new version still shows the H1 CSS but the values and time of the Bars are correlated with the current TF.
But you can try it yourself...just put them both together on a chart and see which one is more useful for you.

Please also check up a little example I put together for another harry. See Post

happy weekend
schönes Wochenende

NeoTrader

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The_Snowman wrote:

spyderman wrote:Okay, Got the pairs setup for the basket this evening.

Aud/Chf
Cad/Chf
Eur/Aud
Eur/Cad
Gbp/Aud

That about match up with everyone. (no E or G /Nzd for me)

We have no idea when evening is for you? Are you talking about entering these before or after London Open? This will be more meaningful expression of time that all can relate to, thanks.

Who knows, Asian Session may bring good retracement and excellent entry for all pairs, still hours to London Open.

Don't forget, it is a NFP Friday, and most pairs trade in a very tight range until that time, London session can be very boring, good luck.