10.6 EDSEL

[Anthar]

I wanted to share a trade I'm in right now and see what you guys and Bob think. I'm recently trying to put a lot of the weight in the decision to trade on the CSS reading, anyway I entered an EURAUD trade with decent readings on both the chart and CSS, at least to my opinion; but what I see now could be taken as a serious read AGAINST my trade, with AUD on the CSS angling up and the EUR coming down. So would you take this as a reading to close? what you think?

[art]

spot on tibochina, i also took some pips today, and i dont normally trade through december, so i think we should be a bit cautious, where do i get that swap indie which is on bobs charts?

[tibochina]

Art, the indie came on the latest 10.6 template. I believe you can go back to page 1 to download and replace the one you are using. Comes in light or dark which I like. I'm not "swinging for the fences either at this point in December so getting consistent results with this technique gives me a lot of confidence moving forward. Anthar, your trade will probably stop out at the 60 line as I believe the CSS read on the DAILY chart will also show the AUD strengthening and the EURO about to run out of gas. You may get a retrace back up to minimize your loss or perhaps hit BE.

[jago25]

Just to confirm, any example of trades here, why and what next to look at when opening the graph?


Just want to check I'm getting this right... looking for sell opportunities on GBPNZD:
http://i.imgur.com/q1NbUgS.png

...but there's a bullish harmonic and the stoch need to pull off the top 100% and down past 80% yet:


So have another look on the CSS to find NZDUSD buy search:
http://i.imgur.com/2m09iY5.png

Both green lights and stoch is coming down to 80% so looking good.... but again harmonic says no:


So back to the CSS, and so on. Is this all good?

[nanningbob]

I wanted to share a trade I'm in right now and see what you guys and Bob think. I'm recently trying to put a lot of the weight in the decision to trade on the CSS reading, anyway I entered an EURAUD trade with decent readings on both the chart and CSS, at least to my opinion; but what I see now could be taken as a serious read AGAINST my trade, with AUD on the CSS angling up and the EUR coming down. So would you take this as a reading to close? what you think?

The eur/aud just touched the 60 line again showing that its last run is sputtering and coming to an end. The best trade you can think of getting now is price begins to show reversal patterns. Like a double top, 1,2,3 swing trade, head and shoulders etc. In other words you stand a good chance of making a profit but not a continued UT run. Since the STO 7 is coming up off the bottom you still look in good shape. I would watch the STO 7 more closely from the 1H at this point to make sure I dont get caught in a reversal.

[nanningbob]

The euro is still the top currency on the CSS so you are still sitting good even though it is leveling off and has lost steam. Its momentum may still carry the day. The gbp however, is slowing down its strengthening.

This is the time of year where volume gets thin and price can get more unpredictable. I am closing out positions and cleaning up for the year. Its been a good year for me and will not do much serious trading again until next year. I will hang around because I want to see 10.6 and see how it handles these less certain periods of trading. I have never done well in December.

[SteveHopwood]

The euro is still the top currency on the CSS so you are still sitting good even though it is leveling off and has lost steam. Its momentum may still carry the day. The gbp however, is slowing down its strengthening.

This is the time of year where volume gets thin and price can get more unpredictable. I am closing out positions and cleaning up for the year. Its been a good year for me and will not do much serious trading again until next year. I will hang around because I want to see 10.6 and see how it handles these less certain periods of trading. I have never done well in December.

My guess is you will do ok. I made 55 pips today. If I can make 55 then you probably made squillions.

[trucomallica]

I actually have a pending sell on the EUR/AUD under the 240 on the 1H. Euro is starting to go down a little bit in the daily CSS.

[Pipstubborn]

Why you have to do that? 240 in H1 is the 60 on H4. You have a perfect BUY set up on H4, Bar is Green, Price is above 240 and 60 and Sto is on the bottom coming back up to 20 and right now Price is below DP where I placed a Buy pending.

If you are thinking to go down cause CSS is telling you in advance that this COULD happen.... why don't you wait until Price goes below H4 60.... then you will be in the Range/Reverse zone where you can Buy or Sell with the H4 Sto signals 80/20

My 2 pips....

[nanningbob]

I actually have a pending sell on the EUR/AUD under the 240 on the 1H. Euro is starting to go down a little bit in the daily CSS.

You maybe a tad early but with that triple top its not a bad trade.