CICR system (Currency index cross referencing) | Page 36 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

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

Attachments: CICR system (Currency index cross referencing)
Exit Attachments

CICR system (Currency index cross referencing)

  • #701
  • Oct 27, 2011 11:55am Oct 27, 2011 11:55am
Quoting leekaq
sure, here goes,,,enjoy and let us know how best to use it.. as i am still having a crack on it as we speak..

and as we speak,,EURUSD is on the ride again,,..
Hi leekaq,

thanks a lot for the templates and indicators. However I found a small bug in the indicator LawGirlsModCICR - Copy(8). Under Periods To Trade there is "WK1" for week, which is wrong. It must be "W1", otherwise it doesn't work.

EDIT: "WK1" occurs only when using your template. When I use the indicator LawGirlsModCICR - Copy(8) on a blank chart, then it displays W1.
Attached Image
  • #702
  • Oct 27, 2011 12:00pm Oct 27, 2011 12:00pm
thanks for pointing that out..

Quoting fguru
Hi leekaq,

thanks a lot for the templates and indicators. However I found a small bug in the indicator LawGirlsModCICR - Copy(8). Under Periods To Trade there is "WK1" for week, which is wrong. It must be "W1", otherwise it doesn't work.
  • #703
  • Oct 27, 2011 4:11pm Oct 27, 2011 4:11pm
Quoting leekaq
thanks for pointing that out..
leekaq,

does the capito intraday indicator work for you? send alerts, etc.?
  • #704
  • Oct 27, 2011 4:41pm Oct 27, 2011 4:41pm
I have a question and hope it's not a stupid one.

I understand that if the RSI arrows (H4, D1, W1, MN) are pointing up for the EUR index + for the USD index they are pointing down, then there should be a nice up trend for EUR/USD, like it was today.

But, I checked the JPY index today and all RSI arrows (H4, D1, W1, MN) were pointing up as well, still there was a very nice up trend for EUR/JPY. How is that possible?

Pictures are attached. I would be very glad if someone could explain it to me. Thanks.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: jpylfx.gif Size: 30 KB
Click to Enlarge Name: eurlfx.gif Size: 32 KB
  • #705
  • Oct 27, 2011 5:11pm Oct 27, 2011 5:11pm
Quoting fguru
I have a question and hope it's not a stupid one.

I understand that if the RSI arrows (H4, D1, W1, MN) are pointing up for the EUR index + for the USD index they are pointing down, then there should be a nice up trend for EUR/USD, like it was today.

But, I checked the JPY index today and all RSI arrows (H4, D1, W1, MN) were pointing up as well, still there was a very nice up trend for EUR/JPY. How is that possible?

Pictures are attached. I would be very glad if someone could explain it to me. Thanks.
JPY index is inverted. For Euro and USD e.g. you have EURLFX and USDLFX, for JPY you have LFXJPY. So when arrows are up for JPY index, it means the currency is weakening.
Pardy
  • #706
  • Oct 27, 2011 5:14pm Oct 27, 2011 5:14pm
Quoting fguru
I have a question and hope it's not a stupid one.

I understand that if the RSI arrows (H4, D1, W1, MN) are pointing up for the EUR index + for the USD index they are pointing down, then there should be a nice up trend for EUR/USD, like it was today.

But, I checked the JPY index today and all RSI arrows (H4, D1, W1, MN) were pointing up as well, still there was a very nice up trend for EUR/JPY. How is that possible?

Pictures are attached. I would be very glad if someone could explain it to me. Thanks.
I would like to know and give you an answer but like capito says about this system. " keep it simple" and like leekaq says " trade strong vs weak only blue arrows vs red" it work great for me. I'm busting the bank usdcad 600p, nzdusd 300p, audusd 325p, gbpcad 250p, gbpaud 375p, gbpnzd 550p. I just love that system simple and it work.
  • #707
  • Oct 27, 2011 5:36pm Oct 27, 2011 5:36pm
Quoting Pardy
JPY index is inverted. For Euro and USD e.g. you have EURLFX and USDLFX, for JPY you have LFXJPY. So when arrows are up for JPY index, it means the currency is weakening.
Pardy
Thanks for your fast reply! Of course you are right, this makes absolutely sense.
  • #708
  • Oct 27, 2011 5:40pm Oct 27, 2011 5:40pm
Quoting no1else
I would like to know and give you an answer but like capito says about this system. " keep it simple" and like leekaq says " trade strong vs weak only blue arrows vs red" it work great for me.
Pardy explained it:

Quoting Pardy
JPY index is inverted. For Euro and USD e.g. you have EURLFX and USDLFX, for JPY you have LFXJPY. So when arrows are up for JPY index, it means the currency is weakening.
Pardy
Quoting no1else
I'm busting the bank usdcad 600p, nzdusd 300p, audusd 325p, gbpcad 250p, gbpaud 375p, gbpnzd 550p. I just love that system simple and it work.
Wow congrats. Which timeframe do you trade?
  • #709
  • Oct 27, 2011 5:56pm Oct 27, 2011 5:56pm
Quoting fguru
Pardy explained it:





Wow congrats. Which timeframe do you trade?
To be honest I was never that successful in my trades before this cicr. I trade the h4, d1 mostly but I take in consideration w1 and mn. The macd1 is really good help to predict but I'm alert for false breakout.
  • #710
  • Oct 28, 2011 1:32am Oct 28, 2011 1:32am
Quoting leekaq
AUDUSD is good for +15 pips scalp.. once hit +10pips, set to BE and trailing stop 20pips or whatever. potential becoming intraday.. see H1, H4, D1, WK1 and MN arrows on right.. both pairs are red vs blue and wth MN RSI3 good value ..test them out...
salam 1 malaysia bro leekaq,

is this mean good for +15p short scalp? or apparently what does that mean is when red (base currency) vs blue (quote currency) = short entry? and we're reading/comparing the short TF isn't? (for scalping).

tulun aku bro..
  • #711
  • Oct 28, 2011 2:20am Oct 28, 2011 2:20am
Quoting rdwatkins
This screen, using all the original indicators from Capito, is slightly reconfigured simply to save screen real estate and more clearly depict entry, maintain trend and exit aspects.

The only setting changed was the LaguerreRSI gamma to 0.82 so as to help in delaying exit signals. Visually, I made the MACD histogram color none and then overlaid all in the same separate window.

The result is a clearer view of when all the elements of the system align to give trade signals. This may also be a better visual context from which to create any...
Good morning,
I would like to test your configuration with different TFs as a addition to the standard cicr Template. Could you post the template etc.
Have a nice weekend.
Tebis
  • #712
  • Oct 28, 2011 2:47am Oct 28, 2011 2:47am
I've finally given up and resorted to a 'stupid' question.
What indicator shows the 'LFXxxx' values?
Apologies for the question - I've been thru the thread but didn't see it.
Thanks, John
  • #713
  • Oct 28, 2011 5:05am Oct 28, 2011 5:05am
Quoting fguru
I have a question and hope it's not a stupid one.

I understand that if the RSI arrows (H4, D1, W1, MN) are pointing up for the EUR index + for the USD index they are pointing down, then there should be a nice up trend for EUR/USD, like it was today.

But, I checked the JPY index today and all RSI arrows (H4, D1, W1, MN) were pointing up as well, still there was a very nice up trend for EUR/JPY. How is that possible?

Pictures are attached. I would be very glad if someone could explain it to me. Thanks.
no stupid question bro we are all here to help and learn

btw,sorry to say..but I pointed out LFXJPY issue in my post # 364

please read all the thread
thx
Account deleted
  • #714
  • Oct 28, 2011 5:08am Oct 28, 2011 5:08am
can;t wait for the new month where we will be back to capito's basic and proven system.. too much hacking is bad to yr health..
  • #715
  • Oct 28, 2011 5:11am Oct 28, 2011 5:11am
i suggest for u to get a grip on capito's basic system before start tinkering with scalping method as it is still work in progress,,,for yr good and $$ mate

Quoting bluewing
salam 1 malaysia bro leekaq,

is this mean good for +15p short scalp? or apparently what does that mean is when red (base currency) vs blue (quote currency) = short entry? and we're reading/comparing the short TF isn't? (for scalping).

tulun aku bro..
  • #716
  • Oct 28, 2011 7:26am Oct 28, 2011 7:26am
Quoting leekaq
can;t wait for the new month where we will be back to capito's basic and proven system.. too much hacking is bad to yr health..
When the new month starts is there some sort of reset??
When weekend come is It ok to hold on to good positions or it's better to clear all???
  • #717
  • Oct 28, 2011 8:25am Oct 28, 2011 8:25am
Quoting leekaq
i suggest for u to get a grip on capito's basic system before start tinkering with scalping method as it is still work in progress,,,for yr good and $$ mate
thanks for the reply, as getting the grip...I am currently doing that.

rgds,
bw
  • #718
  • Oct 28, 2011 8:30am Oct 28, 2011 8:30am
excelent mate, also in post #517, the summary of the system in pdf file. Good to keep for reference...

Quoting bluewing
thanks for the reply, as getting the grip...I am currently doing that.

rgds,
bw
  • #719
  • Oct 28, 2011 8:33am Oct 28, 2011 8:33am
I hv 10 pairs stilll running as well. I believe as long as the MACD pointing to right direction we should hold the trades, so i am going the let them run. What do u think?

Quoting no1else
When the new month starts is there some sort of reset??
When weekend come is It ok to hold on to good positions or it's better to clear all???
  • #720
  • Oct 28, 2011 8:43am Oct 28, 2011 8:43am
10 pairs inlcuding XAUUSD which i am holding for the last 4 days... using this CICR to enter.. nice pips ...
Attached Image (click to enlarge)
Click to Enlarge Name: gold.jpg Size: 101 KB
0 traders viewing now