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CICR system (Currency index cross referencing)

  • #1,041
  • Nov 7, 2011 10:51pm Nov 7, 2011 10:51pm
Quoting ssk1284u
Thanks for the response leekaq.

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.
.
gimme sometime to response to this properly, maybe by a another pdf file on how i select intraday pairs..,, patient my friend patient,,,
  • #1,042
  • Nov 7, 2011 11:03pm Nov 7, 2011 11:03pm
Quoting leekaq
gimme sometime to response to this properly, maybe by a another pdf file on how i select intraday pairs..,, patient my friend patient,,,
Thanks a lot will be looking forward to it ........ take your time.
  • #1,043
  • Edited 2:47am Nov 8, 2011 2:13am | Edited 2:47am
Hi there,

in order to get a clear overview picture of potential trades, I would love to have some sort of "overview dashboard". Meaning a dashboard showing which pairs to potential trade (long/short) based on the current status of the indexes.

I.e. today the main index are showing :

USD=up
EUR=up
GBP=up
CHF=down
JPY=up
CAD=up
AUD=down
NZD=up

By up/down I mean 4 hr index price is trading over/under the filter line.

So what this dashboard could do is showing the 8 indexes status in relation to the crosses of index lines and also show potential pairs to trade (or watch closely) for potential intraday trades.

Here is just an example :

USD = UP

Potential trades (we are here looking at all 8 indexes ):

Buy USDCHF
Sell AUDUSD
etc etc...

Taking an actual final position ofcorse will be analyzed by looking at the actual pair chart, PA, S/R etc...

Apologies if this already exists, but I could not find anything like this...

Thx

BR

PC
Less is more...
  • #1,044
  • Nov 8, 2011 4:55am Nov 8, 2011 4:55am
Quoting leekaq
anybody in yet for the trades today?
Brokers are criminals I setup nice trade last night on CHFJPY with

SL and TP, SL was like 95 pips and TP about 60. Wake up today, Loss

check the screen pair run up by 2 pip over my SL (Probably broker

pump couple of pips to grab my money) then drop dead

and hit my TP area.. What kind of stop loss you guys using trading H4?
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  • #1,045
  • Edited 5:10am Nov 8, 2011 4:59am | Edited 5:10am
Quoting pipcruiser

Buy USDCHF
Sell AUDUSD
etc etc...

Sell AUDCAD / NZDJPY , but those are not a real moves, just back and forth..
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  • #1,046
  • Nov 8, 2011 6:40am Nov 8, 2011 6:40am
mags01
Thanks for the suggestion. I'll try that.
Wishing my last name were LESS
  • #1,047
  • Nov 8, 2011 6:47am Nov 8, 2011 6:47am
aud index down and eur index up = euraud if am wrong correct me
  • #1,048
  • Nov 8, 2011 6:53am Nov 8, 2011 6:53am
Long EUR/AUD @1.3346
Attached Image (click to enlarge)
Click to Enlarge Name: euraud.gif Size: 54 KB
Attached Image
  • #1,049
  • Nov 8, 2011 6:54am Nov 8, 2011 6:54am
Quoting radiant army
aud index down and eur index up = euraud if am wrong correct me
Correct, I went long one hour ago.
  • #1,050
  • Nov 8, 2011 7:07am Nov 8, 2011 7:07am

Quote:
Originally Posted by radiant army http://www.forexfactory.com/images/buttons/viewpost.gif
aud index down and eur index up = euraud if am wrong correct me


Correct, I went long one hour ago.

thanks but D1 is alraedy above 70
please where can download a dashboard like the one you have above?

  • #1,051
  • Nov 8, 2011 7:09am Nov 8, 2011 7:09am
[quote=fguru;5113187]Correct, I went long one hour ago.[/quote
thanks
  • #1,052
  • Nov 8, 2011 7:14am Nov 8, 2011 7:14am
Try this.
Attached File(s)
File Type: ex4 CapitoIntraday.ex4   14 KB | 442 downloads
File Type: tpl index.tpl   25 KB | 400 downloads
  • #1,053
  • Nov 8, 2011 9:33am Nov 8, 2011 9:33am
The fact that the rsi constantly changes is throwing me off in my trades. It seems the the market will go in the direction of the rsi, even though the indexes and pairs crossed the filter line.

I tried to do an intraday trade by shorting the EU but now it is reversing. it seems
  • #1,054
  • Nov 8, 2011 9:35am Nov 8, 2011 9:35am
Quoting radiant army

Quote:
Originally Posted by radiant army http://www.forexfactory.com/images/buttons/viewpost.gif
aud index down and eur index up = euraud if am wrong correct me


Correct, I went long one hour ago.

thanks but D1 is alraedy above 70
please where can download a dashboard like the one you have above?

Well read radiant..
  • #1,055
  • Edited 10:17am Nov 8, 2011 10:06am | Edited 10:17am
Quoting hale-mary
The fact that the rsi constantly changes is throwing me off in my trades. It seems the the market will go in the direction of the rsi, even though the indexes and pairs crossed the filter line.

I tried to do an intraday trade by shorting the EU but now it is reversing. it seems
Which system do you normally use for trading apart from the cicr,

Can you tell me why took the EU, maybe i can help.. The trade happened in the start of the month itself, if you can see the earlier posts, lee, my and some other guys were better sell eu back then.

EU is good to sell, but only when it breaks the 4 congestion
  • #1,056
  • Nov 8, 2011 10:06am Nov 8, 2011 10:06am
for those who cant access youtube due to restrictions in some countries
watch it on my blog http://forexmechanics.wordpress.com/ under the November 2011 archives.
  • #1,057
  • Nov 8, 2011 10:25am Nov 8, 2011 10:25am
Quoting capito
Which system do you normally use for trading apart from the cicr,

Can you tell me why took the EU, maybe i can help.. The trade happened in the start of the month itself, if you can see the earlier posts, lee, my and some other guys were better sell eu back then.

EU is good to sell, but only when it breaks the 4 congestion
well I am more of an intraday person, so i prefer to be in and out while i watch. I really dont like have trades open when I sleep or am away from the computer. I had to go down to the 15 min to se what the euro index and Austrailian index and usd index were doing. The Euro was below filter line as well as the Austrailian. Usd was not above but was holding at a 4 hour support. Although it was below on 1 hour chart.

The fact that Bursculoni is still in office influenced my decision to short as well.

I dont know if you saw my other question back a few pages regarding avoiding market choppiness. It seems that it is after the fact that you can determine it.

Also my targets are always about 40 to 50 pips because that seems doable for each pair.
  • #1,058
  • Nov 8, 2011 11:10am Nov 8, 2011 11:10am
Capito,
Thanks for your effort. But I can't access your blog from here either. It's 3am now (our time). See you guys tomorrow.
flaw
Wishing my last name were LESS
  • #1,059
  • Nov 8, 2011 11:41am Nov 8, 2011 11:41am
Anyone interested in this template? One-stop shopping for all of your timeframe needs. Sort of a scalper's special. Not for the ADD impaired.
Attached Image (click to enlarge)
Click to Enlarge Name: index atf.gif Size: 47 KB
  • #1,060
  • Nov 8, 2011 12:58pm Nov 8, 2011 12:58pm
Right now check AUDJPY, All Errors been RED whole day

And even now still 3 (MN-D1) are pointed down and pair just rocking the other

direction.. Sorry, looks like this Setup working exact appositive, if

All errors are RED, means Pair oversold and get ready to buy..
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