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CICR system (Currency index cross referencing)

  • #461
  • Oct 14, 2011 7:15am Oct 14, 2011 7:15am
Quoting piptastic7
thanks,

And on which time frame do you really wait for the price to break through the 14EAM / Filter line?

Does it also have to break on the timeframe for the individual pair or just the index?
I watch 4hr,, filter line. Now when this happens on a individual index i go into the daily tf and watch 3rsi, now when this is happening i look at the arrow indicator to see if weekly and mn is in same direction.

Now at this point there are two things.

One is when the weekly is in same direction but mn is not.. which is a setup for some good quick pip gains one similiar to what we had on the chf index few days back.

Second is when the same setup is occuring and the weekly and mn is in the same direction. i still go into the weekly tf and see the rsi manually, then the monthly also. Just to see how the candle in forming is realtime.
Now i open the profile for that currency and look for the best pairs to trade. The best pairs are the ones's which are also starting to trend at that moment.

Hope this helps. I am in middle of jotting down all the queries i have recieved in the past 15 days so that i can cover all those points in my video.

Thanks
  • #462
  • Oct 14, 2011 7:29am Oct 14, 2011 7:29am
Quoting capito
But the best way to back test it with help of monthly candles.
Just go into a monthly chart of any index of your choice and pick the best monthly bearish or bullish candle of your choice.
Then go into the daily chart for that month. use the periodic separator for better viewing. And see how the 3rsi reacted in that month.
how many times did the 3 rsi cross from above or below based on the monthly candle and see which day of the month you should entered the trend.
Thank you, ill look into that

Quoting capito
I am in middle of jotting down all the queries i have recieved in the past 15 days so that i can cover all those points in my video.
Can't wait to see it
  • #463
  • Oct 14, 2011 9:23am Oct 14, 2011 9:23am
Quoting blazko
One question:
i'm really trying to understand your method capito and since im not very successful in daily scalping i wonder if there is a way to "visual backtest" it.
If I could check LG RSI readings for a specific data back in history i could search for patterns and correlations in RSI LFX readings and see how they worked by the beggining of a couple of months back. Is it even possible?

Thanks for your help.
You could try vhands, it seems difficult but I never give it a try. The thread is http://www.forexfactory.com/showthread.php?t=60849. Also I think you could not use custom indicators. It works as a visual backtest, so you could place trades.

Other thing you can do to "simulate", check off autoscroll chart on MT4, move back in the chart and press F12 so you advance one candle at a time and check RSI behavior.

Hope that helps
  • #464
  • Oct 14, 2011 9:35am Oct 14, 2011 9:35am
most systems avoid mondays and fridays but capito's system totally the opposite. . i hope guys get some trade today..
me? 800 pips are running,,
Attached Image (click to enlarge)
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  • #465
  • Oct 14, 2011 9:41am Oct 14, 2011 9:41am
leekaq,

Congrats on the consistency you have been able to obtain and profit thereby. Are these results from your scalping modification of Capito's original method or from the H4 (Long Term) version of the system?

Quoting leekaq
most systems avoid mondays and fridays but capito's system totally the opposite. . i hope guys get some trade today..
me? 800 pips are running,,
  • #466
  • Oct 14, 2011 9:57am Oct 14, 2011 9:57am
These are my observation on the currency indexes

I refer to the DB all the times and if I see H1,H4,W1,MN RSI arrows in same direction but with only MN in grreen color, I would open up the currency index and look for MACD, laguerre_rsi and offcourse the MN RSI pointing same direction. Off course take a look for SnR level.. This afternoon I predict continue movement of AUD, NZD, EUR and JPN,,,and walla.. 8 hrs later , i'm good. U need to spend big time on the screen familiar with this system.

Quoting rdwatkins
leekaq,

Congrats on the consistency you have been able to obtain and profit thereby. Are these results from your scalping modification of Capito's original method or from the H4 (Long Term) version of the system?
  • #467
  • Oct 14, 2011 9:57am Oct 14, 2011 9:57am
Quoting leekaq
most systems avoid mondays and fridays but capito's system totally the opposite. . i hope guys get some trade today..
me? 800 pips are running,,
Great result Leekaq.... I tried several scalping today but the result is not good..... waiting for your fine tuning when to enter and exit...
  • #468
  • Oct 14, 2011 10:05am Oct 14, 2011 10:05am
I must admit it is pretty inconsistent on scalping.. one day u r good the other day nothing works... still working on it though
some findings attached below... pending order could work, maybe need the rectractment finder indi...

Quoting reindeer
Great result Leekaq.... I tried several scalping today but the result is not good..... waiting for your fine tuning when to enter and exit...
Attached Image (click to enlarge)
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  • #469
  • Oct 14, 2011 10:18am Oct 14, 2011 10:18am
Agreed and understood about the amount of screen time needed to assimilate the instant recognition mindset for trading this properly and with adherence to the entry and exit rule sets.

Last night the JPY pairs all gone long (aligned to the Lawgirl indi) looks like it paid off handsomely. I observed that the gbpjpy lead the way with the other pairs delayed but, following on their climb. Also used the CC_Diff_[v2.0] indi DB from the thread Trading system using relative strength to gain additional confirmation across several TF.

I see you are fully using the power of the modified Lawgirl indicator, i.e. the color and relative positioning of the RSI level. Do you find that a green number on both MN and the H1 indicates the end of a retrace and possible re-entry point or am I mistaken in this observation?

Quoting leekaq
These are my observation on the currency indexes

I refer to the DB all the times and if I see H1,H4,W1,MN RSI arrows in same direction but with only MN in grreen color, I would open up the currency index and look for MACD, laguerre_rsi and offcourse the MN RSI pointing same direction. Off course take a look for SnR level.. This afternoon I predict continue movement of AUD, NZD, EUR and JPN,,,and walla.. 8 hrs later , i'm good. U need to spend big time on the screen familiar with this system.
  • #470
  • Oct 14, 2011 10:19am Oct 14, 2011 10:19am
Quoting leekaq
most systems avoid mondays and fridays but capito's system totally the opposite. . i hope guys get some trade today..
me? 800 pips are running,,
I got about 120 pips but was trading for about just over 2 hours.

most of the JPY pairs which went up, AUD down, CAD, and CHF.

Only checked that the arrows for H1, H4 and D were lined in same direction on the index, didnt check for green numbers. Then do the same for a 'strong' pair. Took trades where the indexes made a good pair, like CADlfx going up and GBPlfx going down. Went for about 10 to 15 pips at a time. No losses...
  • #471
  • Oct 14, 2011 10:28am Oct 14, 2011 10:28am


edit: The charts are D1 charts not MN sorry for wrong labelling..
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  • #472
  • Oct 14, 2011 10:44am Oct 14, 2011 10:44am
the green color indicates price just coming from overbought/oversold postions, so expect some momentum here. So should be good for entries. Imagine all the 5 RSI in greens, that's where it rains megapips.

Quoting rdwatkins
I see you are fully using the power of the modified Lawgirl indicator, i.e. the color and relative positioning of the RSI level. Do you find that a green number on both MN and the H1 indicates the end of a retrace and possible re-entry point or am I mistaken in this observation?
  • #473
  • Edited 10:59am Oct 14, 2011 10:45am | Edited 10:59am
My observations relating to the larger TF trends, Lawgirl's "green number" and retracements in the trend. These images should tell the story... Don't enter long here as a pullback is in progress. It is likely to revert to the filter line where you would be well to consider the strength and position of the trend at that time. As Capito says, patience is a large part of this method...



Quoting leekaq


edit: The charts are D1 charts not MN sorry for wrong labelling..
Attached Images
  • #474
  • Oct 14, 2011 10:46am Oct 14, 2011 10:46am
Quoting leekaq


edit: The charts are D1 charts not MN sorry for wrong labelling..
It's correct, that's the way I also see things atm. Just caution, as they're oversold/overbought.
And let's not forget, today's move was mainly due to G20 meeting....

Indeed, RdWatkins, oversold/overbought => pullback imminent. Usually on Filter line. Pullback are such big as the TF where price is oversold/overbought, theoretically. So, if D1 is overbought, it's most likely it's gonna be a pullback to Daily Filterline... an so on.
I don't say
  • #475
  • Oct 14, 2011 10:48am Oct 14, 2011 10:48am
somebody need to work on the CCF indi to include the indexes strength comparison rather than currency pairs comparison now... that would be automatic pair to trade.. ..seriously

Quoting cspip
I got about 120 pips but was trading for about just over 2 hours.

most of the JPY pairs which went up, AUD down, CAD, and CHF.

Only checked that the arrows for H1, H4 and D were lined in same direction on the index, didnt check for green numbers. Then do the same for a 'strong' pair. Took trades where the indexes made a good pair, like CADlfx going up and GBPlfx going down. Went for about 10 to 15 pips at a time. No losses...
  • #476
  • Oct 14, 2011 10:51am Oct 14, 2011 10:51am
you are rigth on the RSI but take a look on the laguerre indi,,,seems like a lot more space to cover..

Quoting dragosd1
It's correct, that's the way I also see things atm. Just caution, as they're oversold/overbought.
And let's not forget, today's move was mainly due to G20 meeting....
  • #477
  • Edited 11:11am Oct 14, 2011 10:53am | Edited 11:11am
leekaq,

As I said in a previous post, the CC_Diff_[v2.0] indicator (as a dashboard) was derived from the CCF (I believe) and serves as a quick visual confirm on Lawgirl's indicator.


Quoting leekaq
somebody need to work on the CCF indi to include the indexes strength comparison rather than currency pairs comparison now... that would be automatic pair to trade.. ..seriously
Attached Image (click to enlarge)
Click to Enlarge Name: CC_Diff_[v2.0] - Dashboard.jpg Size: 333 KB
  • #478
  • Oct 14, 2011 10:54am Oct 14, 2011 10:54am
I am not aware on G20 thingy..u could right then, let give this more tests next week.

[quote=dragosd1;5042219]It's correct, that's the way I also see things atm. Just caution, as they're oversold/overbought.
And let's not forget, today's move was mainly due to G20 meeting....
  • #479
  • Oct 14, 2011 11:00am Oct 14, 2011 11:00am
i know and i use this indicator as well sometimes. what i am suggesting is if somebody could help to mod the CC_Diff_(v2.0) indi to compare indexes strength rather that currency pairs alone. That would be awesome in a way or another.

Quoting rdwatkins
leekaq,

As I said in a previous post, the CC_Diff_[v2.0] indicator (as a dashboard) was derived from the CCF (I believe) and serves as a quick visual confirm on Lawgirl's indicator.
  • #480
  • Oct 14, 2011 11:33am Oct 14, 2011 11:33am
Quoting leekaq
you are rigth on the RSI but take a look on the laguerre indi,,,seems like a lot more space to cover..
Careful, Laguerre is not Stoch or RSI...Laguerre on the middle means almost nothing, it can drop like a rock to 0. I would preffer it on top! Just check it's behaviour on the charts...I wouldn't count too much on it...

Looking at the 3 charts you posted I'll do a analysis also on S/R levels, Fib too, for confirmation, as it's more than 50% chance of a retracement to Filter line, due to the RSI values...
I don't say
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