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CICR system (Currency index cross referencing)

  • #401
  • Oct 12, 2011 5:05pm Oct 12, 2011 5:05pm
Quoting dragosd1
....And Filter line(whatever MA is that)...
The Laguerre Filter Line looks like a moving average, but it is calculated quite differently. However the mean price ((H+L)/2) is a part of the calculation.
See the screenshot which is from John Ehlers book "Cybernetic analysis for Stocks and Futures".

The important point is that, when the filter line is used in conjunction with Laguerre RSI, then make sure that the Gamma have the same setting for both indicators.
The rule of thumb using the filter line is:
Trade only long if price is above the filter line when Laguerre RSI crosses above the threshold (0.15). Trade only short if price is below the filter line when Laguerre RSI crosses below the threshold (0.85 or whatever settings You use for Your trading).

http://forex-indicators.net/mt4-indicators/laguerre-rsi

Thanks for starting this great thread Capito.


Cheers
Tomas
Attached Image (click to enlarge)
Click to Enlarge Name: Laguerre Schematic and calculation.png Size: 73 KB
  • #402
  • Oct 12, 2011 7:31pm Oct 12, 2011 7:31pm
I'm a bit confused about this filter line. There seems to be 2 filter lines - the 14MA and the laguerre . Which one capito's used currently?

I asked this before, but received no reply yet.
  • #403
  • Edited 11:01pm Oct 12, 2011 8:11pm | Edited 11:01pm
Quoting M.A.C.Doug
perfect storm today, technicals and fundamentals line up for what looks like the beginning of another 500 pip leg - I have long positions on EUR/USD AUD/USD and short positions on GBP/AUD and GBP/CAD based on 4 hr breakouts


The second leg has completed and looks exhausted for now. I did very well gaining nearly 1000 pips in two days and have taken my profit. I expect this trend to continue till the end of the year but current market volatility could easily erase my gains as quick as I got them. I have closed out all the positions.

Remember that these trades were mistakenly taken, they did not qualify under system rules. I had the arrows all lining up however the rsi was already in overbought territory on the daily charts (long). The first step in qualifying long trades is to have the rsi heading north from below the 30 line (opposite for short). This ensures plenty of pip room to get the really big gains should a trend occur.

The signal to take these trades occurred a week ago and 200 pips better. Its a waiting game
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  • #404
  • Oct 12, 2011 10:05pm Oct 12, 2011 10:05pm
Quoting batemap
I've recently gone long on NZDUSD, it is still below the filter line, but everything else looks good to me.
I'm now up 130 pips, well above filter line now.
  • #405
  • Oct 12, 2011 11:21pm Oct 12, 2011 11:21pm
Quoting fxhaz
I'm a bit confused about this filter line. There seems to be 2 filter lines - the 14MA and the laguerre . Which one capito's used currently?

I asked this before, but received no reply yet.
sorry fxhaz. The filter line is available on post1
  • #406
  • Oct 12, 2011 11:25pm Oct 12, 2011 11:25pm
Cap what is the bias for this morning???
  • #407
  • Oct 12, 2011 11:31pm Oct 12, 2011 11:31pm
I am staying away frm the gbp, cad. But yes aud, nzd, jpy,eur, usd all looking good.

Should give some good quick pip gains today as well.

I am liking the leekaq system. its a good way to make quick pips everyday and club it with big pip gains in the 1st week of the month.
  • #408
  • Oct 12, 2011 11:50pm Oct 12, 2011 11:50pm
thanks capito for the reply. Just a quick question, is this a better filter compared to MA14 used earlier?
  • #409
  • Oct 13, 2011 12:21am Oct 13, 2011 12:21am
hi doug,,
The first step in qualifying long trades is to have the rsi heading north from below the 30 line (opposite for short).


must all the 3 rsi ( i.e) d1, wk1, mn reading below the 30 line for long trades and all the 3 rsi reading above the 70 line for short in index chart? or if 1 or 2 of the 3 rsi for instance reading is already above 30 line and the 3 rsi arrows are pointing up, is this not a qualify long trade?
thanks
  • #410
  • Oct 13, 2011 1:10am Oct 13, 2011 1:10am
Why is the arrow pointing up/down in Lawgirl on post #1 and the one used by leekaq's - LawgirlmodCICR not the same? which one is the correct indi?
  • #411
  • Oct 13, 2011 2:09am Oct 13, 2011 2:09am
Well, I look at the RSI as I look at the different TF's...
If weekly has 6 daily candles and daily has 6 H4 candles, then RSI is almost traveling in the same proportions between 30 and 70 levels, so to say...

So, yes, perfect setup is all leaving 30 level for buy, but this is probably very rare, the 1 opportunity in a month, maybe. So I take every long trade where all arrows are pointing up, after H4 has returned from down to upside with increased caution when daily or weekly is already overbought.

Quoting radiant army
hi doug,,
The first step in qualifying long trades is to have the rsi heading north from below the 30 line (opposite for short).


must all the 3 rsi ( i.e) d1, wk1, mn reading below the 30 line for long trades and all the 3 rsi reading above the 70 line for short in index chart? or if 1 or 2 of the 3 rsi for instance reading is already above 30 line and the 3 rsi arrows are pointing up, is this not a qualify long trade?
thanks
I don't say
  • #412
  • Oct 13, 2011 2:12am Oct 13, 2011 2:12am
Quoting radiant army
hi doug,,
The first step in qualifying long trades is to have the rsi heading north from below the 30 line (opposite for short).


must all the 3 rsi ( i.e) d1, wk1, mn reading below the 30 line for long trades and all the 3 rsi reading above the 70 line for short in index chart? or if 1 or 2 of the 3 rsi for instance reading is already above 30 line and the 3 rsi arrows are pointing up, is this not a qualify long trade?
thanks
According to system rules this condition need only be met on the Daily time frame.
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  • #413
  • Oct 13, 2011 2:12am Oct 13, 2011 2:12am
Quoting fxhaz
Why is the arrow pointing up/down in Lawgirl on post #1 and the one used by leekaq's - LawgirlmodCICR not the same? which one is the correct indi?
Its showing proper readings on my chart .. wondering why its varying on yours.
Attached Image (click to enlarge)
Click to Enlarge Name: NZd.png Size: 31 KB
  • #414
  • Oct 13, 2011 2:18am Oct 13, 2011 2:18am
Quoting dragosd1
Well, I look at the RSI as I look at the different TF's...
If weekly has 6 daily candles and daily has 6 H4 candles, then RSI is almost traveling in the same proportions between 30 and 70 levels, so to say...

So, yes, perfect setup is all leaving 30 level for buy, but this is probably very rare, the 1 opportunity in a month, maybe. So I take every long trade where all arrows are pointing up, after H4 has returned from down to upside with increased caution when daily or weekly is already overbought.
you are correct perfect setups happen during the first week and create the biggest pip moves, this month it happened on aud,nzd,gbp,cad and mostly whenever a index creates a similar situation it gives multiple trading oppurtunites in that profile.
The best part is since the overall strength is in your favour you stand higher chance of winning,
Hence determining strength or weakness on one index is the most important aspect and then pairing it correctly is the second important part.
  • #415
  • Oct 13, 2011 2:25am Oct 13, 2011 2:25am
Quoting M.A.C.Doug
According to system rules this condition need only be met on the Daily time frame.
when this meets on daily you are basically sitting on a trade the moment a trend is about to begin which is what i give importance to.
Its becomes difficult to enter a trade very late cuz there is a high chance of being stopped out due to some market event even though u were in the right trend.
Try to use 4hr macd and daily rsi movement is conjunction with each other, it always give you early indication.
Somewhat like this
the macd crosses on the 4 hr and when you go the daily tf you can see the daily 3 rsi proceeding in the same direction slowly and steadily and weekly and monthly are heading the same way.
So when the price starts trading above the filter line on the 4 hr and the above condition is still holding true which happens almost 99 % of the times then you have very well identified the possible biggest move of the month.
The moment you have done this,
Open the profile and you will see similiar formations are happening on a few pairs in the profile, that your trade.

Also the most important thing, when you trade demo accounts you can always play around cuz you dont give a lot of importance to SL cuz its just demo money. When it comes to real account, you need to identify a way wherein you know for sure that you stand a minimal chance to lose from this point on. One big reason being our emotions tends to battle our mind many times when u trade real.
  • #416
  • Oct 13, 2011 2:29am Oct 13, 2011 2:29am
GBPLFX is raining pips now,,maybe good for day trade,,,i'm in with many many green pips already...
  • #417
  • Oct 13, 2011 2:31am Oct 13, 2011 2:31am
Anyone else had problems with LawGirl indi?

I keep getting these alerts and they look pointless to me:

http://img69.imageshack.us/img69/230...1013092809.jpg
  • #418
  • Oct 13, 2011 2:31am Oct 13, 2011 2:31am
Quoting leekaq
GBPLFX is raining pips now,,maybe good for day trade,,,i'm in with many many green pips already...
We shouldcstart a thread

CICR Scalper By.Leekaq what say. i am serious
  • #419
  • Oct 13, 2011 2:44am Oct 13, 2011 2:44am
LOL, not yet man,,not yet... still need to fine tune the entries and exits..

Quoting capito
We shouldcstart a thread

CICR Scalper By.Leekaq what say. i am serious
  • #420
  • Oct 13, 2011 2:50am Oct 13, 2011 2:50am
Hence determining strength or weakness on one index is the most important aspect and then pairing it correctly is the second important part.

capito, great analysis. maybe that is where the problem is , strength or weakness determination seems to be more straight forward but pairing it correctly is indeed difficulty. can you please explain more on pairing. am earger to learn.
thanks
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