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CICR system (Currency index cross referencing)

  • #881
  • Edited 6:54am Nov 4, 2011 6:42am | Edited 6:54am
taking only 0,02 lots into consideration, i gained around (average) US150/trades on US1K account..so as u can see i hv doubled my account after i started using CICR system about a month ago... one thing to note is that the risk level is like 20 % on every basket of 10 pairs (SL is 100 pips X 0.02lot X 10 pairs)..i know it is not recommendable for newcomers but it worked fine for me so far. .. however since i am always online, I normally close any pair that goes -ve 30 pips so... 100pips SL is just for emergency

Quoting capito
So how many usd did u earn on average, need for my final video. thnx
  • #882
  • Nov 4, 2011 6:51am Nov 4, 2011 6:51am
That's quite a risk you described. But the reward is worth it all. Keep the posts and the pips coming for us mortals (ha, ha !)
There is no such thing as LUCK ! Chance favors the prepared mind.
  • #883
  • Nov 4, 2011 7:01am Nov 4, 2011 7:01am
20% is an emergency risk but in actual it is like 6% (30 pips SL X 0.02 X 10 pairs) for a guy who is connected to the net like 24x7..

Quoting McNish
That's quite a risk you described. But the reward is worth it all. Keep the posts and the pips coming for us mortals (ha, ha !)
  • #884
  • Nov 4, 2011 7:06am Nov 4, 2011 7:06am
Quoting leekaq
20% is an emergency risk but in actual it is like 6% (30 pips SL X 0.02 X 10 pairs) for a guy who is connected to the net like 24x7..
Thanx buddy, thats a lot of risk but as long its work for u its fine.
  • #885
  • Nov 4, 2011 7:14am Nov 4, 2011 7:14am
happy weekend all.
it was a great and profitable week.
lets not spend all the profits hehe.

looking foward to more week like this one.
  • #886
  • Nov 4, 2011 7:16am Nov 4, 2011 7:16am
i think for any basket of 10 pairs, u would easily (YES, I MEAN IT) gain 100 pips minimum ($20 for 0.02 lot). If u keep a good discipline and only manage just 5 trades/month, that will be 10% gain per month...still a very commendable figure...i

Quoting capito
Thanx buddy, thats a lot of risk but as long its work for u its fine.
  • #887
  • Nov 4, 2011 7:21am Nov 4, 2011 7:21am
Quoting leekaq
i think for any basket of 10 pairs, u would easily (YES, I MEAN IT) gain 100 pips minimum ($20 for 0.02 lot). If u keep a good discipline and only manage just 5 trades/month, that will be 10% gain per month...still a very commendable figure...i
Thats exactly what i needed, a simple 5 -6 trades in a month and still manage to double the account month on month with no stress.
I needed you input since i am making a vid on how to create the BEST I MEAN WIN WIN BASKET OF TRADES.

Cheers Lee... (Give your internet some rest go have some fun during the weekend)

Happy trading.
  • #888
  • Nov 4, 2011 7:31am Nov 4, 2011 7:31am
hi capito, are u saying that we should expect CAD to continue going down for sometimes and and would be perfect for long term trade? Any reason for that?

Quoting capito
Usd cad moving as predicted. Nice move up. Cad will continue sulking for long
  • #889
  • Nov 4, 2011 7:39am Nov 4, 2011 7:39am
maybe i need to wait for the video to see how to actually look for a trade. Reading the posts, still a bit unclear because the 1 hour and 4 hour rsi constantly change and not asure how to spot a real break through the filter line when it happens.

I know this may have been already said before, but for me I get in when everything aligns and price goes the opposite direction. Need to get a better understanding.

Eagarly waiting for the videos. Should be helpful!
  • #890
  • Nov 4, 2011 7:54am Nov 4, 2011 7:54am
Quoting leekaq
hi capito, are u saying that we should expect CAD to continue going down for sometimes and and would be perfect for long term trade? Any reason for that?
Waiting for dollar to show some sign of bullish pressure. Todays usdcad entry was more of a intraday entry
  • #891
  • Nov 4, 2011 8:04am Nov 4, 2011 8:04am
USDCAD is facing stiff resistance one reason being cad has not shown a clear bias since so many weeks.
  • #892
  • Nov 4, 2011 9:59am Nov 4, 2011 9:59am
After some very success intraday trades with this method I find out that with this system we dont have to care about comming news or avoiding to trade during Friday. This is absolutely the most advantage Vs other systems. Now I'm looking for signal only on M15 to entry. Whenever I see M15 go up or down and then M30-D1 same arrow then I will enter immediately with SL no more than 30pip but TP >50pip. Move SL to entry when I have 20pip profit and let it run. After that I check LFX chart to see the R/S point to quit manually.
This afternoon I got 72pip EURCHF and 50pip USDCHF easily and quickly
  • #893
  • Nov 4, 2011 10:40am Nov 4, 2011 10:40am
Quoting fguru
Watching USD index crossing up again and CAD index crossing down. Could be a great buy opportunity for USD/CAD.
Trade closed with +94 pips.

Also made some other trades (long USD/CHF, short EUR/USD and EUR/GBP - TS hit here) and currently still in AUD/USD.
So far +183 pips for today. I am still demo trading though.
  • #894
  • Nov 4, 2011 11:17am Nov 4, 2011 11:17am
good for u mate... one thing to note is the MACD1 strength and bias. Most of the time if u enter a trade with a very good MACD1, u will see no matter how strong price pullback, it will always come back to original MACD direction. I use H4 MACD to determine my trade entry. This is one of the reasons why this system is so reliable..

Quoting fguru
Trade closed with +94 pips.

Also made some other trades (long USD/CHF, short EUR/USD and EUR/GBP - TS hit here) and currently still in AUD/USD.
So far +183 pips for today. I am still demo trading though.
  • #895
  • Nov 4, 2011 11:21am Nov 4, 2011 11:21am
Quoting leekaq
good for u mate... one thing to note is the MACD1 strength and bias. Most of the time if u enter a trade with a very good MACD1, u will see no matter how strong price pullback, it will always come back to original MACD direction. I use H4 MACD to determine my trade entry. This is one of the reasons why this system is so reliable..
Thanks for your reply mate.

Can you tell me more about how you determine your trade entry as regards MACD? Thanks in advance.
  • #896
  • Nov 4, 2011 12:22pm Nov 4, 2011 12:22pm
Hello Lee,
Seems you are able to get the most benefit out of this system what with Captain Capito too asking for you here and there. In that case, could you please team up with Captain here and exchange notes for the system and bring up the vids together. I'm sure others would agree with me on this. Thanks in anticipation.
Regards, McNish.

I've known of an adage similar to you signature. I'll put it up for mine. The best signature here at the FF forum IMO is of Steve Hopwood. The man is a genius when it comes to programing bots, along with David ofcourse (Hanover).
There is no such thing as LUCK ! Chance favors the prepared mind.
  • #897
  • Nov 4, 2011 3:53pm Nov 4, 2011 3:53pm
Hi Capito,
in the first page I read :<<Again i am looking to trade only that currency pair which gives me a rsi reading where all timeframes are in the same direction and i ensure prices start trading above the filterline>>

I suppose this is for short trades; for long trade price are starting below the filterline

Do you use the filter line in the index chart? or in the pair chart? and in which TimeFrame?
Thanks in advance
  • #898
  • Nov 4, 2011 4:32pm Nov 4, 2011 4:32pm
does anyone have reccomendation for a good broker???

i trade on insta forex and im having some difficulty with them.

1rst my stop lost get hit to the exact pip then goes in the other dirrection imediatly. i may be wrong but it happened so often that coincidence is unlikely.

2nd often i place an order and i get a confirmation "order accepted" and then notting happens.and this is happening only on good to perfect execution. example sell at the highest just before it drops or the other way around.

if some of you are very happy with their broker please send me suggestions.

happy weekend
  • #899
  • Nov 4, 2011 9:33pm Nov 4, 2011 9:33pm
Quoting no1else
does anyone have reccomendation for a good broker???

i trade on insta forex and im having some difficulty with them.

1rst my stop lost get hit to the exact pip then goes in the other dirrection imediatly. i may be wrong but it happened so often that coincidence is unlikely.

2nd often i place an order and i get a confirmation "order accepted" and then notting happens.and this is happening only on good to perfect execution. example sell at the highest just before it drops or the other way around.

if some of you are very happy with...
Highly recommend not to use them, i have a small account which i intend to close. I am really happy with trading-point
  • #900
  • Nov 4, 2011 9:34pm Nov 4, 2011 9:34pm
Quoting Pierre
Hi Capito,
in the first page I read :<<Again i am looking to trade only that currency pair which gives me a rsi reading where all timeframes are in the same direction and i ensure prices start trading above the filterline>>

I suppose this is for short trades; for long trade price are starting below the filterline

Do you use the filter line in the index chart? or in the pair chart? and in which TimeFrame?
Thanks in advance
watch the videos i upload today. it will help you understand it better.
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