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CICR system (Currency index cross referencing)

  • #41
  • Oct 3, 2011 12:12am Oct 3, 2011 12:12am
Quoting capito
Perfect CSPIP.

......

So now how do you enter. Its pretty simple. Wait for the daily rsi to gain momentum, and you will see the 3 rsi rapidly starts dropping and the 4 candles starts to drop below the 14 ema on the individual gbp lfx chart and vice versa on cad lfx.
......

Cheers...
Shall we stay for closing the 4H candle ( after crossing the 14 ema ) for entering the position?
  • #42
  • Oct 3, 2011 12:37am Oct 3, 2011 12:37am
Quoting neshat
Shall we stay for closing the 4H candle ( after crossing the 14 ema ) for entering the position?
Yes.

I will inform when the position arises. thanks.


Note:

Some traders have sent me mails asking how to scalp with this method. Frankly i am not a scalper so you can work around and see if there is a good way and share with us.

Thanks
  • #43
  • Oct 3, 2011 5:09am Oct 3, 2011 5:09am
You dont have to be glued to the screen everytime. Just continue your normal day to day work.

Watch ur charts once in 4 hours tht should be more than enough.

Add the pivot alerter to your lfx daily chart it will give you a sound alert when a support or resistance level is hit
  • #44
  • Oct 3, 2011 5:31am Oct 3, 2011 5:31am
This system looks very interesting capito, I am looking forward to test it. I like H4 frame cause often I have to stay focused on my regular job during the day and it is difficult to trade on M5 or 15 TFs.
“I made most of my money sitting on my hands.”
  • #45
  • Oct 3, 2011 6:24am Oct 3, 2011 6:24am
Quoting capito
A lot of my friends ask me as to what kind of money management i use.

......

So with a 1000 dollar ac balance i can have 50 trades worth 20 usd each on 100 leverage.

With a average pip gain of 300 pip per trade it makes it 60 usd profit per trade. So with 50 trades its 300 * 50 = 15000 pips = 3000usd with 20 cent pip value.

......


Thanks.
Capito
You mean in worst case, an account with 1000$ balance will
be increased to 4000$ in a month by following the system's rules?!!!
  • #46
  • Oct 3, 2011 6:33am Oct 3, 2011 6:33am
Quoting neshat
You mean in worst case, an account with 1000$ balance will
be increased to 4000$ in a month by following the system's rules?!!!
Balance grows steadily and month on month one reason being 95% of the times you will be on the right of the market. Follow the rules. Use micro lots that way you can hold trades longer its gives you higher stoploss. And with the system you are targeting large pip gains so yes the balance grows steadily and consistently.
I will be giving out some decent trading tips as long as i am here. so enjoi.

Don,t be glued to the screen just check it once in 4 hours.

Enjoi.
  • #47
  • Oct 3, 2011 9:21am Oct 3, 2011 9:21am
Capito,

Is it a stronger signal if you wait for the 12 - 26 ema crossover on both the index chart and the individual pair charts you want to trade?

Thanks,
Sandy
  • #48
  • Oct 3, 2011 9:31am Oct 3, 2011 9:31am
Quoting nubchai
Capito,

Is it a stronger signal if you wait for the 12 - 26 ema crossover on both the index chart and the individual pair charts you want to trade?

Thanks,
Sandy
Hi Sandy, i havent tried that will check it right now. Plot it on eurcad and gbpcad.

Good to sell both. Lemme check the 12, 26.

Infact sandy you can try the laguarre rsi, its a little modified, no need for the 12 & 26. i am attaching it here. let me know if you need some help.
Attached File(s)
File Type: mq4 laguerre_rsi.mq4   3 KB | 752 downloads
  • #49
  • Oct 3, 2011 9:43am Oct 3, 2011 9:43am
Quoting capito
Hi Sandy, i havent tried that will check it right now. Plot it on eurcad and gbpcad.

Good to sell both. Lemme check the 12, 26.

Infact sandy you can try the laguarre rsi, its a little modified, no need for the 12 & 26. i am attaching it here. let me know if you need some help.

Thanks Capito. I'll check it out.

Sandy
  • #50
  • Oct 3, 2011 10:00am Oct 3, 2011 10:00am
Hi
do not work profil LFX ALL .don't update
please help me .thanks
  • #51
  • Oct 3, 2011 10:18am Oct 3, 2011 10:18am
Quoting aliza_2084
Hi
do not work profil LFX ALL .don't update
please help me .thanks
You will have to create it aliza..

Ok i am gonna create two templates and the profiles

Both can be used for trading cicr system. Will upload shortly.
  • #52
  • Oct 3, 2011 10:32am Oct 3, 2011 10:32am
Eurcad and GBPcad shorts both looking good
  • #53
  • Oct 3, 2011 10:42am Oct 3, 2011 10:42am
Hi,
Thanks for sharing this system. It looks very interesting!
One question, when do you actually Buy/Sell?
GbpCad for example, have you already gone into position?

Kind regards
  • #54
  • Oct 3, 2011 10:48am Oct 3, 2011 10:48am
Quoting nubchai
Eurcad and GBPcad shorts both looking good
EURCAD HIT FIRST SUPPORT
GBPCAD HEADING S2

Missed the CADCHF :'(
too much foruming
  • #55
  • Oct 3, 2011 10:54am Oct 3, 2011 10:54am
Quoting capito
EURCAD HIT FIRST SUPPORT
GBPCAD HEADING S2

Missed the CADCHF :'(
too much foruming
Capito for SL do you use the low of the previous H4 candle and then move it each day?

Thanks!
  • #56
  • Oct 3, 2011 11:05am Oct 3, 2011 11:05am
Quoting capito
EURCAD HIT FIRST SUPPORT
GBPCAD HEADING S2

Missed the CADCHF :'(
too much foruming
EURCAD breaks s2 heading S3

GBPCAD heading S2

So today we had 3 trades

EURCAD, GBPCAD AND CADCHF.

Now let these mature over the next 12 hours.
  • #57
  • Oct 3, 2011 11:11am Oct 3, 2011 11:11am
Quoting nikki
Hi,
Thanks for sharing this system. It looks very interesting!
One question, when do you actually Buy/Sell?
GbpCad for example, have you already gone into position?

Kind regards
Yes nikki i am in the position

Please check the attachments

NUBCHAI, 12 AND 26 GETS TOO LAGGING YOU WILL END UP MISSING THE BIG BREAKOUT.. EVEN THE LAGUARRE FOR THAT MATTER
Attached Image(s) (click to enlarge)
Click to Enlarge Name: eurcad.png Size: 38 KB
Click to Enlarge Name: gbpcad.png Size: 33 KB
  • #58
  • Oct 3, 2011 11:15am Oct 3, 2011 11:15am
Hi again,
I think it would be helpful if you wright your entry point, what numbers.
It will be much easier to understand the exact entry.
Like Gbp/Cad, my 4h candle is not done until 2hours.
I thought you sad you wanted the candle to close under/over ma14?!
Help me out please....
Kind regards
  • #59
  • Oct 3, 2011 11:22am Oct 3, 2011 11:22am
Quoting capito
Yes nikki i am in the position

Please check the attachments

NUBCHAI, 12 AND 26 GETS TOO LAGGING YOU WILL END UP MISSING THE BIG BREAKOUT.. EVEN THE LAGUARRE FOR THAT MATTER
Do you always only enter a trade when it break the 14 EMA? What if the arrows all point in a direction but hasnt broken through the 14?

What did you choose for SL, ? When do you usually move it up/down?

Thanks again,
  • #60
  • Oct 3, 2011 11:44am Oct 3, 2011 11:44am
Quoting cspip
Do you always only enter a trade when it break the 14 EMA? What if the arrows all point in a direction but hasnt broken through the 14?

What did you choose for SL, ? When do you usually move it up/down?

Thanks again,
Hi CSPIP

Like i said earlier the MN,W1,D1 being in the same direction is already a good situation.
For example today the GBPLFX was going down but understand there was a major news coming out for gbp hence the 14 ema breakout.

Breakouts only filter false signals.

Also remember price action is what you see in front of your eyes. So reaction is more important.

Also initially is no stoploss when I enter , now when the trade goes into a good profit in the next 4 hr candle i will put my trailing stop

Also remember i am always on micro lots so i can easily afford a 100 pip sl and still lose 30 usd in worse case scenario but remember every day i keep opening new positions which go into average 400 - 600 pips.
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