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CICR system (Currency index cross referencing)

  • #121
  • Oct 5, 2011 11:22pm Oct 5, 2011 11:22pm
Usdlfx testing weekly resistance. Check pivot line on usdlfx weekly
  • #122
  • Oct 5, 2011 11:32pm Oct 5, 2011 11:32pm
Quoting capito
Usdlfx testing weekly resistance. Check pivot line on usdlfx weekly
Not to be picky, but I don't think you should be treating an index like a price chart. S/R, pivots, MA's etc are not really relevant to relative strength charts (or indexes as you call them).

I have used rel. strength charts (indexes) for many years now, and have found the correlation between the tools you might use on a price chart, and the benefit of similar tools on the strength chart is weak. Not utterly without merit - just probably not something I'd place too much weight on.

I'm subscribed, though.
  • #123
  • Oct 5, 2011 11:37pm Oct 5, 2011 11:37pm
GBPLFX monthly candle pierced pivot level (bearish)
  • #124
  • Oct 5, 2011 11:52pm Oct 5, 2011 11:52pm
Quoting ToeCutter
Not to be picky, but I don't think you should be treating an index like a price chart. S/R, pivots, MA's etc are not really relevant to relative strength charts (or indexes as you call them).

I have used rel. strength charts (indexes) for many years now, and have found the correlation between the tools you might use on a price chart, and the benefit of similar tools on the strength chart is weak. Not utterly without merit - just probably not something I'd place too much weight on.

I'm subscribed, though.
How do you use the relative strength chart,, just for gaining more knowledge would be great if you could share..

Also i use S/R, pivots etc on indexes for just one reason , only to detect max volatility, strength etc.
Once i have determined SR on a individual index, i go through the profile individually and pick the best pair to trade.
For example , picking gbp was purely because of course basic rules that i follow, rsi etc but also when the index faces resistance at a certain level then there is definitely something goin on in that profile.
This time it was gbpcad which was facing resistance. So yes i end up looking at a currency pair ultimately but getting the right pair is more important.
Yes kinda unusual but it works for me so its ok

would love to know how you use it.

Thanks
  • #125
  • Oct 6, 2011 12:50am Oct 6, 2011 12:50am
Closed gbpcad 79 pips in one account. other one is on. GBPNZD 118 pips. One position is on in another account.
GBPAUD trendin well.
  • #126
  • Oct 6, 2011 2:02am Oct 6, 2011 2:02am
Quoting msmarple
Thanks for sharing Capito, I have been reading all posts with great interest, subscribed.

This is an admirable and much simpler " relative strength of currencies " method than many others.

All the best with your thread.



____________
Michael
Thanks .. just follow the rules.. Its funny how markets behave in the same fashion over and over again. There are some nice extreme long term investment strategies which i will discuss shortly. stay connected.
  • #127
  • Oct 6, 2011 2:06am Oct 6, 2011 2:06am
This is my way of trading ur system. When the index's gives a all up/down signal i proceed to the matching profiles n the the prospective picks. I then use the owesome + psar + both Tvi_color indi, only if all r true match i enter with daily ATR as SL . parameter's for indi on the picture (see picture for better view)
Attached Image (click to enlarge)
Click to Enlarge Name: gbpauf h4.jpg Size: 179 KB
  • #128
  • Oct 6, 2011 2:28am Oct 6, 2011 2:28am
Quoting availdollars
This is my way of trading ur system. When the index's gives a all up/down signal i proceed to the matching profiles n the the prospective picks. I then use the owesome + psar + both Tvi_color indi, only if all r true match i enter with daily ATR as SL . parameter's for indi on the picture (see picture for better view)
can you upload the tvi indi, would like to see what it does. Also if you could share that small spread indicator in the bottom corner..
Made some awesome cookies.. One for you, thanks man..
  • #129
  • Oct 6, 2011 2:57am Oct 6, 2011 2:57am
Quoting capito
can you upload the tvi indi, would like to see what it does. Also if you could share that small spread indicator in the bottom corner..
Made some awesome cookies.. One for you, thanks man..
My pleasure.

TP is ur gut's or or what u like for ur cut
Attached File(s)
File Type: mq4 TVI_2color.mq4   2 KB | 607 downloads
File Type: mq4 Spread.mq4   3 KB | 571 downloads
  • #130
  • Oct 6, 2011 3:05am Oct 6, 2011 3:05am
GBP/AUD; I m thinking to keep it cooking till NFP, ur comments/advice
  • #131
  • Oct 6, 2011 3:08am Oct 6, 2011 3:08am
GBPAUD, EURAUD short hold it.. keep it cooking.
  • #132
  • Oct 6, 2011 3:22am Oct 6, 2011 3:22am
I have open positions on cadchf (l) - 200 pips, gbpnzd (s) - 350 pips, eurnzd (s) - 190 pips, nzdchf (l) - 160 pips, nzdjpy (l) - 60 pips, gbpcad (s) - 190 pips. Just a quick post so data is more or less, but it looks very good anyway. All of them still running.

Capito I will send you a prv msg cause I don't get exactly what conditions should EA take to consideration. I will try to make something in the next few days.

Take care
“I made most of my money sitting on my hands.”
  • #133
  • Oct 6, 2011 3:27am Oct 6, 2011 3:27am
Quoting ride.inc
I have open positions on cadchf (l) - 200 pips, gbpnzd (s) - 350 pips, eurnzd (s) - 190 pips, nzdchf (l) - 160 pips, nzdjpy (l) - 60 pips, gbpcad (s) - 190 pips. Just a quick post so data is more or less, but it looks very good anyway. All of them still running.

Capito I will send you a prv msg cause I don't get exactly what conditions should EA take to consideration. I will try to make something in the next few days.

Take care
Msg me when ur free. will give you two logic on entering trades. Both will work well.
  • #134
  • Oct 6, 2011 3:36am Oct 6, 2011 3:36am
Quoting ride.inc
I have open positions on cadchf (l) - 200 pips, gbpnzd (s) - 350 pips, eurnzd (s) - 190 pips, nzdchf (l) - 160 pips, nzdjpy (l) - 60 pips, gbpcad (s) - 190 pips. Just a quick post so data is more or less, but it looks very good anyway. All of them still running.

Capito I will send you a prv msg cause I don't get exactly what conditions should EA take to consideration. I will try to make something in the next few days.

Take care
is ur positions in the the black or red as i see minus signs appended
  • #135
  • Oct 6, 2011 3:39am Oct 6, 2011 3:39am
i was about to ask the same thing... I guess its plus
  • #136
  • Oct 6, 2011 4:39am Oct 6, 2011 4:39am
Quoting capito
i was about to ask the same thing... I guess its plus
my good wishes, hope it's as u say
  • #137
  • Oct 6, 2011 5:23am Oct 6, 2011 5:23am
Quoting availdollars
is ur positions in the the black or red as i see minus signs appended
(l) - long, (s) - short, all are profitable. I was opening positions on pairs that indexes had momentum described by capito and was cutting through rsi3 line (also MA) and clearly looked like trend beggining.
“I made most of my money sitting on my hands.”
  • #138
  • Oct 6, 2011 5:27am Oct 6, 2011 5:27am
Thanks Capito for sharing. Very interesting, indeed. Hope your friend Rahul comes on board.
I have read thru the thread more than once, just to make sure I am following the logic correctly, I will try to summarise here, please correct me if I have got it wrong.
1. a)Check the lfx charts. For a long, rsi d1, wk1 and mth1 must be in same direction, pointing up.
1. b) We are not waiting for candle closes, but take next action as soon as the rsi arrows on 3 tf's align.
1. c) Question: Dose price have to be above filter line in order to qualify?

2. a) Next step, open up the individual currency charts for that index, tf H4.
2. b) rsi arrows must be pointing in same direction for tf's h4, d1, wk1, mth1.
2. c) Price must be above filter line.
2. d) Question. Do we wait for close of H4 bar?
2. e) Question. If we wait for close of H4 bar, that means that rsi on h4, d1, wk1, mth1 must be pointing in trade direction when the bar closes. If not, do we wait for next close of h4 bar.
2. f) At close of H4 bar, do we refer back to index chart to confirm if 3 rsi's are still valid.
2. g) Is trade entry at break of previous H4 bar?

3. a) If on the currency chart we are not waiting for close of bar, we place a trade as soon as rsi conditions are met and price is trading above filter line.

Please help me clarify this in my mind. I know with your experience, you probably need just a glance at the charts!!

Thanks again.
Pardy
  • #139
  • Oct 6, 2011 6:05am Oct 6, 2011 6:05am
I have never made so many pips ever in so many months... This is crazy stuff. You rock man.. GBPNZD,GBPCAD,GBPAUD,EURAUD.
  • #140
  • Oct 6, 2011 6:13am Oct 6, 2011 6:13am
Hope you guys liked the trades.

Will give another super call. patience is bliss. note this will be a investment call, so can take small micro lots with lower leverage and hold it for a longtime.
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