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CICR system (Currency index cross referencing)

  • #1,021
  • Nov 7, 2011 9:43am Nov 7, 2011 9:43am
Quoting capito
handy template, the charts on the left "EURUSD doesnt change" any idea why.
I more interested in the mtf candles on the left nothing more.

Great work bud.
Hey capito, what doesn't change on the left?
The mtf candles on the right is the "mini chart", it's very useful. I have attached the indicator in my previous post.
  • #1,022
  • Nov 7, 2011 9:56am Nov 7, 2011 9:56am
Quoting hale-mary
although i admire the long term system. I think my mentality is best suited towards the intraday. (I can sleep better at night without worry...lol)

I love the concept of the long term though.
Dont worry hale, slowly and steadily move towards long term you will have bigger gains in the long run and better sleep. Just focus the first 2 weeks for valid 4 hr cross on a index and learn to pair well.

Till then you can do intraday and slowly get a grip on the system.

Cheers!!!
CTG
  • #1,023
  • Nov 7, 2011 10:02am Nov 7, 2011 10:02am
Quoting fguru
Hey capito, what doesn't change on the left?
The mtf candles on the right is the "mini chart", it's very useful. I have attached the indicator in my previous post.
Can you give me the post no, mtf candles thats all i need. Decent work guru
  • #1,024
  • Nov 7, 2011 10:05am Nov 7, 2011 10:05am
Quoting capito
Can you give me the post no, mtf candles thats all i need. Decent work guru
Sure, post #1016

Edit: I just saw that the "MiniChart" was not uploaded in my post 1016 because the upload is restricted to 7 files. So I just deleted the clock indicator and replaced it with the "MiniChart".
  • #1,025
  • Nov 7, 2011 10:11am Nov 7, 2011 10:11am
Quoting capito
CHFJPY looks the best one considering the start of the week. I am late , the move already started some hours back.
it has good pressure to the downside to clear the support level.
Hi Capito

what indi are u using for Pivots? is it PivotAlerter?
Account deleted
  • #1,026
  • Nov 7, 2011 10:30am Nov 7, 2011 10:30am
Quoting swissforex
Hi Capito

what indi are u using for Pivots? is it PivotAlerter?
No real indicator as such, I figure S/R levels on my own only looking at charts.

Pivot alerter works well. Even the ATR level indi is good.

But understanding and figuring out these levels on you own on a daily chart is always better. I understand understanding S/R levels on indexes is little difficult since its a average of that currency against the rest.
I use normal trendlines.
  • #1,027
  • Nov 7, 2011 10:53am Nov 7, 2011 10:53am
Quoting dryclean
Hey Sky long time
Good to see ya here
DC
Good to see you too, man.. Let see, if we can squeeze some pips..

For now Equity Market is flat slightly down, Volatility is still quite

high.. All those JPY pairs are directly impacted.. If Market turn around into

Green territory, then JPY will weaken a bit.. No clear direction, could be

ok for scalping here and there..
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  • #1,028
  • Nov 7, 2011 11:22am Nov 7, 2011 11:22am
Quoting capito
Dont worry hale, slowly and steadily move towards long term you will have bigger gains in the long run and better sleep. Just focus the first 2 weeks for valid 4 hr cross on a index and learn to pair well.

Till then you can do intraday and slowly get a grip on the system.

Cheers!!!
CTG
Well my thinking is if I miss the entry for the big move, I can always go intraday to get some pips. But i need to figure out how to adapt to intra day. Dont want to clutter the long term system with intraday questions.

I will watch the videos again. Since I do have questions about using rsi to avoid choppiness as mentioned in one of the videos.

Later!
  • #1,029
  • Nov 7, 2011 11:35am Nov 7, 2011 11:35am
Thx a lot

BR

PC

Quoting fguru
Hi pipcruiser, here is my template with all the indicators.
Less is more...
  • #1,030
  • Nov 7, 2011 11:45am Nov 7, 2011 11:45am
Capito,
I just found this thread on Saturday and am very impressed with the total system and pips made using it. I will continue to follow and thank you for sharing this with all traders who wish to.
Thanks, Mike
  • #1,031
  • Nov 7, 2011 12:17pm Nov 7, 2011 12:17pm
Quoting capito
No real indicator as such, I figure S/R levels on my own only looking at charts.

Pivot alerter works well. Even the ATR level indi is good.

But understanding and figuring out these levels on you own on a daily chart is always better. I understand understanding S/R levels on indexes is little difficult since its a average of that currency against the rest.
I use normal trendlines.
no...

I was referring to your post #954
you showed a pivot indicator on your chart

btw
pivots are good for intraday
I'm a trendlines and SnR lover by myself especially on D1 TF

I'm eagerly waiting for your next video collection about leekaq variation
Account deleted
  • #1,032
  • Nov 7, 2011 12:25pm Nov 7, 2011 12:25pm
Quoting swissforex
no...

I was referring to your post #954
you showed a pivot indicator on your chart

btw
pivots are good for intraday
I'm a trendlines and SnR lover by myself especially on D1 TF

I'm eagerly waiting for your next video collection about leekaq variation
You can use pivot alerter.
I have a separate way to use intraday system. Certain rules that are very important. Extreme trend system, atr range intraday system, support n resistance trading much more. Unfortunately i wont be making any further vids. All the other knowledge sharing is within our trading group.
Its been a pleasure though working with u guys.
  • #1,033
  • Nov 7, 2011 12:49pm Nov 7, 2011 12:49pm
Quoting capito
You can use pivot alerter.
I have a separate way to use intraday system. Certain rules that are very important. Extreme trend system, atr range intraday system, support n resistance trading much more. Unfortunately i wont be making any further vids. All the other knowledge sharing is within our trading group.
Its been a pleasure though working with u guys.
I can understand you very well

thx u so much for your sharing

I'm sorry that leekaq variation videos will not be shared here

Fair's fair

hope to catch u out there

may the pips be with u
Account deleted
  • #1,034
  • Edited 1:37pm Nov 7, 2011 1:26pm | Edited 1:37pm
Quoting SkyzerFX
If Market turn around into

Green territory, then JPY will weaken a bit..
That's what I mean, Now DOW J is up 20 points and all JPY pairs

reverse its course very quick AUDJPY/CADJPY/EURJPY time to reload shorts?

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  • #1,035
  • Nov 7, 2011 1:54pm Nov 7, 2011 1:54pm
Quoting capito
No real indicator as such, I figure S/R levels on my own only looking at charts...........
I use normal trendlines.
Do you draw the trendlines on the index charts?
  • #1,036
  • Nov 7, 2011 2:36pm Nov 7, 2011 2:36pm
okay capito. I watched the videos numerous times and have a question about your video 6 with regards to avoid choppy markets with RSI.

It seems that you can only figure out to avoid choppy indexes after your trade entry does not last long. The CAD index seemed choppy after mant days had past and the RSI was moving back and forth rapidly. During real time how would you havbe gone a bout avoiding the choppiness at the beginning before the choppiness played out.

I think you also mentioned you look and support and resistance levels to help determine this as well.

Do you think you could explain?

Much appreciated!

Lastly, the forum section of your website seems down
  • #1,037
  • Nov 7, 2011 10:43pm Nov 7, 2011 10:43pm
anybody in yet for the trades today? i am with floating +100 pips..

as u can see i use pending order for pairs on pullback...
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  • #1,038
  • Nov 7, 2011 11:06pm Nov 7, 2011 11:06pm
Quoting leekaq
anybody in yet for the trades today? i am with floating +100 pips..

as u can see i use pending order for pairs on pullback...
Hi Leekaq,

Do you do this by following Capito's intraday method or do you use the lower time frame template that you posted as well as the 35 pips trailing stop?
  • #1,039
  • Nov 7, 2011 11:19pm Nov 7, 2011 11:19pm
Quoting ssk1284u
Hi Leekaq,

Do you do this by following Capito's intraday method or do you use the lower time frame template that you posted as well as the 35 pips trailing stop?
yes.. i use that intraday method as a basis..... the name of the game is try to predict the trend using both H4 and D1 MACD1, candle pattern or even divergence.. only trade on D1 direction.. for entry u can drop down to lower time frame and enter on pullback.. those 1,2,3 steps..
  • #1,040
  • Nov 8, 2011 12:02am Nov 8, 2011 12:02am
Quoting leekaq
yes.. i use that intraday method as a basis..... the name of the game is try to predict the trend using both H4 and D1 MACD1, candle pattern or even divergence.. only trade on D1 direction.. for entry u can drop down to lower time frame and enter on pullback.. those 1,2,3 steps..
Thanks for the response leekaq.

I understand Capito's long term method quite well. I thought while I was demo trading - I might as well try and make sense of the intraday method too (I have read the whole thread quite a few times, however the intraday method keeps changing - then again - YOU KEEP MAKING INSANE PIPS DAY IN AND DAY OUT). Here are a few more queries...

1) The core methodlogy is based on pairing index strength and weakness, right? So I presume your use of MACD1 histogram on h4 and D1 is for the indices and not for currency pairs.

2)I also see that you have a portfolio going on. So apart from obviously pairing index weakness vs strength, do you enter trades based on the above rules in pairs that all show rsi3 arrows in the same direction?

3) About the lower time frame how low do you go 1 min, 5 mins? I am familiar with the 1-2-3 method( where you enter based on the break of point 2, right?)

4) divergence I presume is MACD1 divergence on an individual currency pair and this helps you to enter trades on pulls backs etc while everything else lines up?

I know thats a mouth full of queries. Hope you can help me out here...demo trading while you guys are milking pips......aaaaaah, now I have to wait till Jan.
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