nanningbob wrote:I labeled the TF below so you understand it better. Even though the AUD has been the weakest long term, since the last week of April. It actually was on the weakest during the last week of April and the last two weeks it was weakest 2 times. The rest of the time the AUD was usually the 2nd or 3rd weakest currency day by day. Forex is not static but flows like a river. Your currency car is going up hills, around curves, slowing for yield signs, people crossing the road. So its day by day movement is up and down. However knowing the AUD is the weakest currency for now means if that 4H chart starts angling back down. It is time to jump back into that DT. It is going to be a nice ride.

bluedog23 wrote:

nanningbob wrote:I labeled the TF below so you understand it better. Even though the AUD has been the weakest long term, since the last week of April. It actually was on the weakest during the last week of April and the last two weeks it was weakest 2 times. The rest of the time the AUD was usually the 2nd or 3rd weakest currency day by day. Forex is not static but flows like a river. Your currency car is going up hills, around curves, slowing for yield signs, people crossing the road. So its day by day movement is up and down. However knowing the AUD is the weakest currency for now means if that 4H chart starts angling back down. It is time to jump back into that DT. It is going to be a nice ride.

Bob,

Just catching up with my reading. Although you have fine tuned the system with great additions I believe this could be one of the best you have bestowed upon us. It paints a picture that oftentimes is not as easily seen on a price chart. All of this only gets more interesting day by day.

nanningbob wrote:

cjthomson wrote:Ok, so I placed a few pendings on the GBP AUD yesterday when the CSS was showing golden rod. This morning when I opened it up to look I saw I'd been entered two levels but price had turned. The big question - should I have removed/closed all positions for loss when the CSS turned to RED? Right now its looking pretty sad!

As things stand, I'm still in. Fear or greed, who knows.

WE had a slilghtly negative news story yesterday so GBP dropped. Whether that will continue or was just a dip in the UT we will see. The CSS is telling you to wait for another buy setup. I will be looking for crosses on the DP and WP for buys later.

You know there was a time 1000 pip week was a once or twice a year thing for me now I have had several 1000 pip days and several 5000+ pip weeks.

sponn wrote:And the question is... is this a right time to short the eur/usd... ? CSS is not in place but rsi is flat, and we have 240 not so far. Also WS line is far far away so it "could" be great setup.

In the other hand euro is very strong today. The question is what EU summit decide and how good/bad will be usd news.

sponn wrote:And the question is... is this a right time to short the eur/usd... ? CSS is not in place but rsi is flat, and we have 240 not so far. Also WS line is far far away so it "could" be great setup.

cjthomson wrote:

nanningbob wrote:

cjthomson wrote:Ok, so I placed a few pendings on the GBP AUD yesterday when the CSS was showing golden rod. This morning when I opened it up to look I saw I'd been entered two levels but price had turned. The big question - should I have removed/closed all positions for loss when the CSS turned to RED? Right now its looking pretty sad!

As things stand, I'm still in. Fear or greed, who knows.

WE had a slilghtly negative news story yesterday so GBP dropped. Whether that will continue or was just a dip in the UT we will see. The CSS is telling you to wait for another buy setup. I will be looking for crosses on the DP and WP for buys later.

Bob, you make it sound easy. This is my situation right now. Doesn't make such good reading but if any of these reach 240 they end there. From what I can see resumption of the trend still seems possible.
USDCHF - has made a good run since mid Apr and price is looking to be pausing so could push higher. If I was Cpt Jack I might think differently?
GBPJPY - bit concerned as its just breached bullish trend line.
GBPCHF - seems to still be observing bullsih trend line.
GBPAUD - I'm in pain!! ...but trend line still in tact so we hold and hope. I've been adding more positions as its moved south, maybe too eager to add though.
AUDUSD - I have faith the AUD will weaken and USD will strengthen. D CSS is showing signs to possibly support another move lower although H4 CSS not so much!

Pendings - loaded heavy for a move in the GBPJPY.

Gertje wrote:
It's just 10h00 here in rainy Holland, and already another 1.000 pip day in the books!!


Another 500 pips and I double my account this month [since May 1] using $0.01 and $0.02 a pip on a $200,- account [now $400,-]. It's amazing how accurate the V5.0 template works, albeit with big DD. I'm now starting to use the V5.2 template with limited bars on the CSS and try if that limits the DD.

Along with some JPY pairs TP, EURNZD and EURAUD brought home the bacon!
I'll put pic's on the trading thread.
.