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CICR system (Currency index cross referencing)

  • #281
  • Oct 10, 2011 9:32am Oct 10, 2011 9:32am
any idea why usdcad crawling ????
  • #282
  • Oct 10, 2011 9:33am Oct 10, 2011 9:33am
Quoting availdollars
Capito i must confess i use fx sniper LSMA indi period18 for early entries if all other parameters r met n i take a additional entry at filterline crosing, just a oldman in a hurry. Your advice/sugestions invited
LSMA indi period18 =red/sell, green/buy
Thanks a ton for your input sir, i will have a look at it if you can tell me where can i get it.
And yes you are wise man not an old man

Happy Pippin.
  • #283
  • Oct 10, 2011 9:49am Oct 10, 2011 9:49am
Quoting availdollars
any idea why usdcad crawling ????
Bank Holiday in Cad?

Should see some action tomorrow.
  • #284
  • Oct 10, 2011 9:57am Oct 10, 2011 9:57am
Quoting capito
Thanks a ton for your input sir, i will have a look at it if you can tell me where can i get it.
And yes you are wise man not an old man

Happy Pippin.
My pleasure, be my guest
USE THE TPL FOR BETTER VIEWING PLEASURE
Attached File(s)
File Type: tpl cicr macd.tpl   90 KB | 580 downloads
File Type: ex4 FX_Sniper's_LSMA.ex4   3 KB | 547 downloads
File Type: ex4 FX Sniper's CCI.ex4   5 KB | 588 downloads
  • #285
  • Oct 10, 2011 9:59am Oct 10, 2011 9:59am
Quoting cspip
Bank Holiday in Cad?

Should see some action tomorrow.
Thanks mate, how could i be so dumb ??
I'LL CHECK UR FORECAST TOMORROW
  • #286
  • Oct 10, 2011 10:53am Oct 10, 2011 10:53am
Quoting leekaq
Hi Cornelius, as mentioned by Doug, I could have caught a perfect storm today. As for setup, just follow strictly on post#1. I hv compiled and printed out for my own reference as below. BTW, pips counter now at +1100...

CICR Rules:
1. We will be tracking individual currency index and doing all our analysis on the index using RSI, MACD system.
2. [color=black][font=Verdana]TF...

hi,
i have read your entry point, but i am having hard time understanding 5a(trading above the filter line).
what is the filter line?

also, do you use ma14 for your entry? like enter when it crosses the ma14?

regards,
J
  • #287
  • Oct 10, 2011 11:05am Oct 10, 2011 11:05am
hi,

in average, how many trades are there in a week?
since we trade using H4, i believe not much? (but with great return)

regards,
J
  • #288
  • Oct 10, 2011 11:51am Oct 10, 2011 11:51am
Quoting M.A.C.Doug
Thanks, that has done the trick. Can anyone explain why EUR/JPY shows up in the rsi indicator window no matter what index chart it is attached to?
That is because that EURJPY RSI info is a leftover object. I've cleaned up the leftovers on this template. You guys should learn a little about MT4.
Attached File(s)
File Type: tpl cicr-fix.tpl   3 KB | 436 downloads
  • #289
  • Oct 10, 2011 3:07pm Oct 10, 2011 3:07pm
Quoting M.A.C.Doug
My understanding is that Capito enters and manages the trade using the 4 hour chart after:

1. RSI is coming out of overbought/sold on a daily chart

2. RSI direction lines up on Daily, Weekly and Monthly charts

The system actually attempts to pick turns on the daily chart and gets in early enough for big pip gains on the next swing. Of course, there wont always be big pip gains or even any pip gains. How good the rsi indicator is in determining momentum and predicting direction remains to be seen
Thank for you reply, Doug! I re-read capito's first post and I'm pretty sure he's talking about two way of entries: one on the daily TF and one on the 4H TF. The management of the daily trades (exits in particularly) are made on the daily TF as he mentions: "Exit strategy is simple I use the first macd cross after the point of entry to close the position." I suppose the same method is used on the 4H TF also. Capito, please correct me if I'm wrong.
A good trade is when I Break Even. A great trade is when I Take Profit.
  • #290
  • Oct 10, 2011 5:40pm Oct 10, 2011 5:40pm
  •  regme
  • | Joined Mar 2010 | Status: Planning to be like Warren Buffett | 115 Posts
If I compare LFXJPY with Forexticket(dot)co(dot)UK or Mataf JPY Index, I found both are opposite. I think LFXJPY chart direction is plotting opposite.

Please correct me if I am wrong.
  • #291
  • Oct 10, 2011 8:04pm Oct 10, 2011 8:04pm
On your point about this being a conservative strategy. I think that's part of the beauty of the system. I think to many of us retailers want to make money every hour of every day they spend on the computer, not our fault we've been conditioned to think this way by 24/5 service and instant execution. Think of it like dating. You can find some sort of way to make money maybe tonight on a 5 min chart. But that's like the fat girl, you can have her anytime. But if you want to get the really hot petite girl with a nice chest, you'll need to wait for a while until the moment presents itself



Quoting capito
Kicked myself for leaving early.. anyway i have managed to get into for some gains.

OK firstly Leekaq... AWESOME.... great stuff.

Now for other queries.
Before i answer any queries read POST1 very carefully also the update on post 1.

Secondly, a lot of times market expects us to react, which we don't.

A lot of you might find my approach very conservative, but please understand i need to be as i manage others money and real accounts. So you might find it very irritating.
However read the post 1 update and you would have taken the chf break...
  • #292
  • Oct 10, 2011 8:59pm Oct 10, 2011 8:59pm
Quoting Cornelius
Thank for you reply, Doug! I re-read capito's first post and I'm pretty sure he's talking about two way of entries: one on the daily TF and one on the 4H TF. The management of the daily trades (exits in particularly) are made on the daily TF as he mentions: "Exit strategy is simple I use the first macd cross after the point of entry to close the position." I suppose the same method is used on the 4H TF also. Capito, please correct me if I'm wrong.
That it correct. Many a times trading exit is purely based on when you feel the steam of the trend is running out.

By trading daily, weekly and monthly candle in conjunction it only put your trade in a comfortable position. That is one is reason why i like to pick trades from over brought or oversold just to ensure that i am in direction of the candle flow.
Also many times you might not have the mn in the same direction however the daily and weekly is in the same direction. you need to use your instincts and enter breakouts, generally these breakouts struggle after 8 a couple of 4 hr candles, but yes you can make some quick pip gains.
Like the one of chf yesterday.

Also if you notice M.A.C doug has picked wonderful trades on audusd and eurusd which was a good orderflow and it was visible on the indexes.

As i say, one month of demo trading and you will understand which is a good trade and which one isnt.
  • #293
  • Oct 10, 2011 9:03pm Oct 10, 2011 9:03pm
Quoting regme
If I compare LFXJPY with Forexticket(dot)co(dot)UK or Mataf JPY Index, I found both are opposite. I think LFXJPY chart direction is plotting opposite.

Please correct me if I am wrong.
Good observation, i cant comment on it, as i dont know how is the website calculating it. There is a huge difference in the price quote also. I stick to the lfx , cuz it has produced winning trades on jpy pairs and yes JPY is gaining momentum. So i dont know why is this site showing it differently.
  • #294
  • Oct 10, 2011 9:04pm Oct 10, 2011 9:04pm
Quoting Blud4oilPrgm
On your point about this being a conservative strategy. I think that's part of the beauty of the system. I think to many of us retailers want to make money every hour of every day they spend on the computer, not our fault we've been conditioned to think this way by 24/5 service and instant execution. Think of it like dating. You can find some sort of way to make money maybe tonight on a 5 min chart. But that's like the fat girl, you can have her anytime. But if you want to get the really hot petite girl with a nice chest, you'll need to wait for...

  • #295
  • Oct 10, 2011 11:22pm Oct 10, 2011 11:22pm
[quote=. But if you want to get the really hot petite girl with a nice chest, you'll need to wait for a while until the moment presents itself [/QUOTE]

That' a apt n a pretty analogy
  • #296
  • Oct 10, 2011 11:28pm Oct 10, 2011 11:28pm
Might break S1.
Keep a track usdcad, cadchf

4hr chrt intraday
  • #297
  • Oct 10, 2011 11:54pm Oct 10, 2011 11:54pm
Quoting capito
Might break S1.
Keep a track usdcad, cadchf

4hr chrt intraday
Why these 2? On my platform I have a better qualifying pair: GBP/CAD. GBPLFX is down all the way from 1H to MN and GBP/CAD is showing also a bearish bias.
Instead, USD/CAD is showing indecision. What's your opinion on NZDLFX?
Edit: in case of a possible CADLFX bullish move.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 1.gif Size: 40 KB
Click to Enlarge Name: 2.gif Size: 39 KB
A good trade is when I Break Even. A great trade is when I Take Profit.
  • #298
  • Oct 10, 2011 11:57pm Oct 10, 2011 11:57pm
Quoting regme
If I compare LFXJPY with Forexticket(dot)co(dot)UK or Mataf JPY Index, I found both are opposite. I think LFXJPY chart direction is plotting opposite.

Please correct me if I am wrong.
I dont know if i can satisfy ur query but my small mind says that mataf is comparing jyp againts others whereas liteforex is comparing others vs jyp, that is why the opposite readings. I hope i m correct otherwise just ignore this post
  • #299
  • Oct 11, 2011 12:14am Oct 11, 2011 12:14am
GBPCAD trade is over for me in the first week, when the gbp weakness had just begun.

Look at both indexes carefully, both are having negative bias.
When i look at the cad lfx 4hr the macd has been reading below 0 since past 24 hrs.
So if the weakness prevails and breaks the S1. Look for fresh trades in cad profile.

When did the NZD LFX start a nice upward trend it was on 5th oct. Nice macd rollover and when the candle crossed the filter line, the d1,w1,mn was up at that time. which means u conclude that the nzd has begun a upward bias.
Which means nzd will give you trades on all the nzd pairs. The best one was the nzdchf,nzdjpy,nzdusd,gbpnzd.

The catch is to catch the trend when it starts for both intraday and long term.

Indeed i wont deny gbplfx is holding a negative bias and rsi pointing down. But when was the best day to trade that bias.
Best was 5th oct. Please send me a detailed mail if you are confused about something i will try to solve it.
  • #300
  • Oct 11, 2011 1:22am Oct 11, 2011 1:22am
Quoting availdollars
I dont know if i can satisfy ur query but my small mind says that mataf is comparing jyp againts others whereas liteforex is comparing others vs jyp, that is why the opposite readings. I hope i m correct otherwise just ignore this post
I read it the same way !

Tebis
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