any idea why usdcad crawling ????
Long Term CICR (Cross index currency referance) trading 240 replies
Intraday CICR (Cross index currency referance) trading 22 replies
Dyekid217 Trading relative strength and CICR 0 replies
Referencing Indicator Arrays. 4 replies
IB referencing to my account 12 replies
DislikedCapito 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/buyIgnored
DislikedThanks 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.Ignored
DislikedHi 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...Ignored
DislikedThanks, 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?Ignored
DislikedMy 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 seenIgnored
DislikedKicked 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...Ignored
DislikedThank 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.Ignored
DislikedIf 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.Ignored
DislikedOn 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...Ignored
DislikedIf 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.Ignored