A high-pass filter allows higher frequencies to pass through, while dimishing lower frequencies. In Kalle's example, frequencies below 180 Hz would be rolled of to give your a brighter, less muddy sound.
I believe SHS7 came with the Sonitus EQ. Check your list of effects to be sure.
If so, high-pass is one the preset options within the Sonitus EQ. Or any EQ for that matter.
If you are recording your guitar tracks mono, as you should be, they will initially pile up in the middle. That's ok. Mono tracks are very easy to pan, as Greg suggested.
Spreading your instruments across the stereo field is a big factor in getting separation.
EQ helps by giving the instruments definition.
Reverb defines the space around the instruments.
If you can get a grasp on these three basic elements, you are well on your way.
By way of example, give this a listen(preferably with headphones):
http://soundclick.com/share.cfm?id=11243952 Do you hear how each instrument has its own sonic space?
The guitar tracks were recorded mono, right up the middle. But by moving them around, and giving each a slightly different EQ, they become separate, full bodied entities.
Does that make sense?
Above all, don't get frustrated. It takes a while to learn this stuff, and we are still learning.