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10.4 A Complete System
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Author:  cmeade2 [ Wed May 01, 2013 5:43 pm ]
Post subject:  Re: 10.4 A Complete System

Looks like you may have the same setup coming on EurGbp.
zentauro67 wrote:AUDUSD shows clearly what I said before. Goldenrod appears just when the retrace trendline is broken giving you the perfect and safer time to enter. (First breach is still in green, and goldenrod gives you the conservative pullback + continuation breakout style entry)
audusd.jpg
Author:  zentauro67 [ Wed May 01, 2013 5:55 pm ]
Post subject:  Re: 10.4 A Complete System

@cmeade2

Yes, EURGBP still in green, but trendline already breached. I´m expecting goldenrod to appear after the pullback.


(This CSS 10.4 is not so funny, but is rock solid).
Author:  cmeade2 [ Wed May 01, 2013 6:46 pm ]
Post subject:  Re: 10.4 A Complete System

I guess it is a time zone issue because I already have a golden rod (GMT +2).
zentauro67 wrote:@cmeade2

Yes, EURGBP still in green, but trendline already breached. I´m expecting goldenrod to appear after the pullback.


(This CSS 10.4 is not so funny, but is rock solid).
Author:  zentauro67 [ Wed May 01, 2013 7:13 pm ]
Post subject:  Re: 10.4 A Complete System

@cmeade2

I run it with FXCM and Oanda and in both is already in goldenrod, but Alpari still green... WTF!

ALPARI UK
Alpari.jpg
OANDA
oanda 2.jpg
Too much differences in previous bars also. Both indis are reset to OOTB. Yes, maybe a GMT issue. Candles have different closings. I think Alpari is GMT +3
Author:  slowkey [ Wed May 01, 2013 9:09 pm ]
Post subject:  Re: 10.4 A Complete System

zentauro67 wrote:@cmeade2

Too much differences in previous bars also. Both indis are reset to OOTB. Yes, maybe a GMT issue. Candles have different closings. I think Alpari is GMT +3
You will never find two brokers exactly the same in forex. If you compare the lines of the indicator you will notice obvious differences between both brokers. The threshold is based on distance between the two lines. The colors are based on that and the cross of the two lines. Probably not enough diferences in the feeds to make a difference in trading. I pay more attention to the actual lines than the colors.
Author:  garyfritz [ Wed May 01, 2013 10:07 pm ]
Post subject:  Re: 10.4 A Complete System

nanningbob wrote:Trying to get some clarity on the market here. The Daily CSS tells me there is a Euro currency on top, in the middle and on the bottom. The Asian currencies have a currency on top in the middle and on the bottom and the USD and CAD has one in the positive and one in the negative. Now that is clarity. I think I will go back to bed and suck my thumb.
Bob, I believe you're using the CSS *level* to determine strongest/weakest. I've beaten the level vs. direction drum for a long time, and I think it applies here too.

The currency on the top of the CSS display is not necessarily the strongest, and vice versa on bottom. You have to pay attention to the DIRECTION the CSS line is going, too.

For example: look at EURUSD in Jan/Feb. EUR was the top CSS line from mid-Jan to early Feb; meanwhile USD was pretty flat so any changes in EURUSD should be coming from EUR. EUR peaked at the end of Jan, then turned down a few days later. EURUSD *instantly* dropped, while EUR was still "strongest." By the time EUR slipped into the #2 position, EURUSD was down almost 300 pips. EURUSD was down EIGHT HUNDRED PIPS by the time EUR was "weakest," i.e. on the bottom of the CSS.
Direction.gif
Or look at AUDCAD in late March when CAD was flat. AUD peaked on Mar 21, and AUDCAD instantly topped out and soon started dropping -- while AUD was still "strongest."

EURCAD jumped soon after EUR bottomed out in late March, and was up 200 pips by the time it was no longer "weakest."

There are lots of other examples but you get the idea.

It might even help you with your search for regional clarity. 2 of the 3 Euro currencies were dropping, then all 3 turned up. NZD and AUD have been dropping in tandem, even though their levels are different. (JPY readings still make no sense.) USD and CAD are going kinda sideways.

Watch changes of direction in CSS and I think you'll get a lot better/earlier currency signals. Watch the changes of distance between CSS currencies and you'll get better pair signals. E.g. GBPUSD bottomed out and started climbing in early March when GBP and USD started getting closer -- while USD was still "strongest" and GBP was still "weakest" but GBP headed up and USD headed down.

Gary
Author:  spotdespot [ Wed May 01, 2013 10:19 pm ]
Post subject:  Re: 10.4 A Complete System

slowkey wrote:
zentauro67 wrote:@cmeade2

Too much differences in previous bars also. Both indis are reset to OOTB. Yes, maybe a GMT issue. Candles have different closings. I think Alpari is GMT +3
You will never find two brokers exactly the same in forex. If you compare the lines of the indicator you will notice obvious differences between both brokers. The threshold is based on distance between the two lines. The colors are based on that and the cross of the two lines. Probably not enough diferences in the feeds to make a difference in trading. I pay more attention to the actual lines than the colors.
Also if you are using the default settings on the indi it will use all pairs in your market watch window to determine strength. So if your brokers offer slightly different pairs then this will also make a difference.

Totally agree with Gary on the level Vs direction thing too. When you see the lines getting closer you can anticipate a little - needs caution though as it is not always clear what is a confirmed move closer or a blip (retracement effectively).

Cheers,
Dave.
Author:  bluedog23 [ Wed May 01, 2013 10:23 pm ]
Post subject:  Re: 10.4 A Complete System

eur gbp h4.png
Someone posted this one earlier. Looks like it may be ready.
Author:  Staedtler [ Wed May 01, 2013 10:47 pm ]
Post subject:  Re: 10.4 A Complete System

bluedog23 wrote:
eur gbp h4.png
Someone posted this one earlier. Looks like it may be ready.

my chart shows green
Author:  Jemook [ Wed May 01, 2013 10:53 pm ]
Post subject:  Re: 10.4 A Complete System

garyfritz wrote:
nanningbob wrote:Trying to get some clarity on the market here. The Daily CSS tells me there is a Euro currency on top, in the middle and on the bottom. The Asian currencies have a currency on top in the middle and on the bottom and the USD and CAD has one in the positive and one in the negative. Now that is clarity. I think I will go back to bed and suck my thumb.
Bob, I believe you're using the CSS *level* to determine strongest/weakest. I've beaten the level vs. direction drum for a long time, and I think it applies here too.

The currency on the top of the CSS display is not necessarily the strongest, and vice versa on bottom. You have to pay attention to the DIRECTION the CSS line is going, too.

For example: look at EURUSD in Jan/Feb. EUR was the top CSS line from mid-Jan to early Feb; meanwhile USD was pretty flat so any changes in EURUSD should be coming from EUR. EUR peaked at the end of Jan, then turned down a few days later. EURUSD *instantly* dropped, while EUR was still "strongest." By the time EUR slipped into the #2 position, EURUSD was down almost 300 pips. EURUSD was down EIGHT HUNDRED PIPS by the time EUR was "weakest," i.e. on the bottom of the CSS.
Direction.gif
Or look at AUDCAD in late March when CAD was flat. AUD peaked on Mar 21, and AUDCAD instantly topped out and soon started dropping -- while AUD was still "strongest."

EURCAD jumped soon after EUR bottomed out in late March, and was up 200 pips by the time it was no longer "weakest."

There are lots of other examples but you get the idea.

It might even help you with your search for regional clarity. 2 of the 3 Euro currencies were dropping, then all 3 turned up. NZD and AUD have been dropping in tandem, even though their levels are different. (JPY readings still make no sense.) USD and CAD are going kinda sideways.

Watch changes of direction in CSS and I think you'll get a lot better/earlier currency signals. Watch the changes of distance between CSS currencies and you'll get better pair signals. E.g. GBPUSD bottomed out and started climbing in early March when GBP and USD started getting closer -- while USD was still "strongest" and GBP was still "weakest" but GBP headed up and USD headed down.

Gary
Gary, I agree. I'm also a big fan about CSS changes in direction / contracting bands can mean change of trend. If you go down this path then MA colour change (like in Big Mac) does a pretty good.

Still the method of waiting for weakness (goldenrod) in css slope before entering and using a colour change for exits is great in combination with the 240 MA as a trend direction. At least if you get caught out wrong you are out quickly.

Cheers
J
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