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CICR system (Currency index cross referencing)

  • #821
  • Nov 2, 2011 3:11am Nov 2, 2011 3:11am
Quoting leekaq
patient my friend...i see some movement.. esp on CHF..
which side NORTH OR SOUTH???
CHF seems running straight eastward looks like rest-day today
  • #822
  • Nov 2, 2011 3:44am Nov 2, 2011 3:44am
Buying AUDUSD and AUDJPY by using Intraday method developed by Lee also succeed today with >50pip so far.
Thanks Capito for this system and thanks Lee for developing intraday trading method
  • #823
  • Edited 5:19am Nov 2, 2011 4:45am | Edited 5:19am
Thanks to Capito for the strategy.I'm demoing.Anyone go long for EUR/NZD? I did and saw all conditions are met as you can see in the picture.


Thanks again Capito.
Attached Image (click to enlarge)
Click to Enlarge Name: eur-nzd.gif Size: 136 KB
  • #824
  • Nov 2, 2011 4:51am Nov 2, 2011 4:51am
Did u verify the RSI value for D1, W1 and MN?

Quoting Nomnom
Thanks to Capito for the strategy.I'm demoing.Anyone go long for EUR/NZD? I did and saw all conditions are met as you can see in the picture.


Thanks again Capito.
  • #825
  • Nov 2, 2011 4:58am Nov 2, 2011 4:58am
This could be a good setup following Capito Long Term trading rules (apart from W1 LFXJPY reading)

almost perfect short NZDJPY

http://img703.imageshack.us/img703/6857/nzdjpy11211.gif
Account deleted
  • #826
  • Nov 2, 2011 5:22am Nov 2, 2011 5:22am
Quoting leekaq
Did u verify the RSI value for D1, W1 and MN?
No, I just saw the arrows in HI,H4,D1,W1,and MN1 are all pointing down.How to do that,bro ? Tell me.Hope that can help me for better entry.

Cheers,

N
  • #827
  • Nov 2, 2011 6:37am Nov 2, 2011 6:37am
hv u read post # 1?

"We trade if and only if following situation arise. Each time you see the RSI 3 pointing down and is coming down from above 70 or going up from below 30 on daily tf then we shall see the arrow direction of the weekly and monthly. I like to see the arrows pointing in the same direction"

Quoting Nomnom
No, I just saw the arrows in HI,H4,D1,W1,and MN1 are all pointing down.How to do that,bro ? Tell me.Hope that can help me for better entry.

Cheers,

N
  • #828
  • Nov 2, 2011 6:42am Nov 2, 2011 6:42am
Quoting leekaq
hv u read post # 1?

"We trade if and only if following situation arise. Each time you see the RSI 3 pointing down and is coming down from above 70 or going up from below 30 on daily tf then we shall see the arrow direction of the weekly and monthly. I like to see the arrows pointing in the same direction"
Oh,Ok. I did checked the first post. I thought there was another point to to bear in mind.Sorry for misunderstanding as I'm Asian non-English speaker.


Thanks and happy trading.

N
  • #829
  • Nov 2, 2011 6:52am Nov 2, 2011 6:52am
no problem mate, i wish the set up could be straight forward as that (once in a blue moon it may work as simple as that. u never know..

but hey we want to help each other here fellow traders.
Please go to post #517 and print out the pdf summary file for yr easy reference. It;s all there with all the example trades..

Quoting Nomnom
Oh,Ok. I did checked the first post. I thought there was another point to to bear in mind.Sorry for misunderstanding as I'm Asian non-English speaker.


Thanks and happy trading.

N
  • #830
  • Nov 2, 2011 6:56am Nov 2, 2011 6:56am
i sense AUDLFX to resume going south today..just wait for confirmations..so it could be a long term trade after all..
  • #831
  • Nov 2, 2011 7:17am Nov 2, 2011 7:17am
What about the NZDLFX ? Is it good for shorting nzd pairs ?
  • #832
  • Edited 12:23pm Nov 2, 2011 10:18am | Edited 12:23pm
I thought aud/jpy met the rules for a short since d,w,m rsi were down. shorted it in the night, woke up to find it going north and the h1 and h4 rsi pointing up and pushing the currency up.

This is not the first time the 1 hr and 4hr point up and d, w, m point down and the currency goes up and the D,W,M starts to turn.

I would like to know what I am doing wrong because the method seems to work for alot of you.

Yep, i definately dont know what i am doing. The fact that the rsi change so much has me confused and not trusting my entries even if above or below filter line.
  • #833
  • Nov 2, 2011 11:20am Nov 2, 2011 11:20am
Anyone following gbpcad???
I am and i set aside the system for this 1 trade.
I look closely to chart and I noticed a pattern in the ups and downs.
I have waited and saw an opportunity for a early short position.
I took my position at the peak and so far +- 130pips.
I must admit the indicators where not ultimate to short.
It seems possible that the gbp will lose it's momentum and strongly turn down.
It's a risky guess but it's paying so far.
Now I'm eagerly waiting for indicators to confirm my gamble.
Anyone as an opinion???
Please do not use any of my doing as advice since I am only a rookie in the forex world.
  • #834
  • Nov 2, 2011 12:38pm Nov 2, 2011 12:38pm
nope,,,i am holding audchf, nzdjpy and audjpy.. total now +100 pips..

Quoting no1else
Anyone following gbpcad???
I am and i set aside the system for this 1 trade.
I look closely to chart and I noticed a pattern in the ups and downs.
I have waited and saw an opportunity for a early short position.
I took my position at the peak and so far +- 130pips.
I must admit the indicators where not ultimate to short.
It seems possible that the gbp will lose it's momentum and strongly turn down.
It's a risky guess but it's paying so far.
Now I'm eagerly waiting for indicators to confirm my gamble.
Anyone as an opinion???
Please do not...
  • #835
  • Nov 2, 2011 2:08pm Nov 2, 2011 2:08pm
capito, great idea...

good work by lee,a..dollar too...

i,ve just long on nzdusd and short usdchf ....!
sl adjusted to +5
nice scalping chances...
Attached Image (click to enlarge)
Click to Enlarge Name: 1.gif Size: 17 KB
STRENGHT IS LIFE ,WEAKNESS IS DEATH - SWAMI VIVEKANANDA
  • #836
  • Nov 2, 2011 2:10pm Nov 2, 2011 2:10pm
gbp is loosing momentum and curving down and cad is slowly gaining.
the macd on gbp index just cross on d1 chart and h4 is close by.
just need the rsi to cooperate and $$$.
if i hit this one it will be the first time i take a position at the very peak up or down.
  • #837
  • Nov 2, 2011 2:13pm Nov 2, 2011 2:13pm
cross on h4
  • #838
  • Nov 2, 2011 9:35pm Nov 2, 2011 9:35pm
Quoting no1else
cross on h4
My point of view, GBPLFX will take more time to show M1 and W1 pointing down even H4 having good signal. Just patient with GBPLFX until D1-M1 confirm
  • #839
  • Nov 2, 2011 10:48pm Nov 2, 2011 10:48pm
Quoting hale-mary
I thought aud/jpy met the rules for a short since d,w,m rsi were down. shorted it in the night, woke up to find it going north and the h1 and h4 rsi pointing up and pushing the currency up.

This is not the first time the 1 hr and 4hr point up and d, w, m point down and the currency goes up and the D,W,M starts to turn.

I would like to know what I am doing wrong because the method seems to work for alot of you.

Yep, i definately dont know what i am doing. The fact that the rsi change so much has me confused and not trusting my entries even...
From what I understand the position of the RSI is key, especially D1. For short it must be coming down from above 70; for long rising from below 30. You want to enter before it crosses the 50 line. If H4 gives a similar signal and the RSIs agree H1 to W1 with an imminent filter cross, you should have a good signal.

The index should give this signal before you start looking at pairs.

Hope that helps.
  • #840
  • Nov 2, 2011 11:23pm Nov 2, 2011 11:23pm
Quoting zusuke1980
My point of view, GBPLFX will take more time to show M1 and W1 pointing down even H4 having good signal. Just patient with GBPLFX until D1-M1 confirm
Although my short position on gbpcad is still standing strong, I agree more time is needed for the gbp to go strong downward.
My experiment of going against the current is definitely confirming me the importance of the proper RSI direction.
From now on I'll stay in line. It's safer.
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