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CICR system (Currency index cross referencing)

  • #1,081
  • Edited 1:57am Nov 9, 2011 1:44am | Edited 1:57am
Hi McNish

For step 6 is it not the 1H TF used for the exit using the MACD

Good summary write up, fits on one page when printed out
  • #1,082
  • Nov 9, 2011 1:46am Nov 9, 2011 1:46am
Quoting radiant army
hi capito, you says audusd, nzdusd are candidates for sell this week, but there rsi reading especially D1 is oversold, can one still consider them a valid trades when macd 1 cross below "0" line?
Hello rad,
sorry i missed your query...
Just to inform you once you get the big moves in the start of the month. I mean the first days of the month when you get those valid daily rsi3 moves .. those are setup's for a long term trade.
Once those moves are over, everything you do is just intraday.. hence its more important to identify the overall direction of the pair or the index since you arent gonna stay in these trades for long.
But i really like appreciate that you are watch d1 overbrought and oversold levels it will help you a lot in your trading.
  • #1,083
  • Nov 9, 2011 1:47am Nov 9, 2011 1:47am
Quoting capito
Dont overthink.... trust ur instincts and dive in when u see the oppurtunity...
yes.. trust yr H4 and D1 MACD1 and direction, enter on pending order on lower timeframe if there is a pullback, that;s has been my method,,very simple...i spent not even 15 minutes analysing for each basket of 10 pairs.. give it shot on demo for awhile and u will see what i mean..

As we trade basket style, we dont really need a big move from a single pair..if it happens, consider it as a bonus pips.

I'm trying to trade this on daily basis with few baskets, no longer for 1st 10 days of the month..as this is an intrade trades, maybe close each basket at +125 pips...
  • #1,084
  • Nov 9, 2011 2:18am Nov 9, 2011 2:18am
thanks capito. That cleared some confusion. By there way whatdo you think of eur/sd for a buy opportunity as of this moment. 4 hour macd seems to say yes as well as the 4hour and daily filter cross. And the RSI as well.

But daily macd does not seem to agree.
  • #1,085
  • Nov 9, 2011 2:23am Nov 9, 2011 2:23am
Quoting leekaq
yes.. trust yr H4 and D1 MACD1 and direction, enter on pending order on lower timeframe if there is a pullback, that;s has been my method,,very simple...i spent not even 15 minutes analysing for each basket of 10 pairs.. give it shot on demo for awhile and u will see what i mean..

As we trade basket style, we dont really need a big move from a single pair..if it happens, consider it as a bonus pips.

I'm trying to trade this on daily basis with few baskets, no longer for 1st 10 days of the month..as this is an intrade trades, maybe close each...

hi leekaq, we will really appreciate if the pdf you promise us is out, to determine the entry level of your intraday. imagine am trap on euraud long now
  • #1,086
  • Nov 9, 2011 2:33am Nov 9, 2011 2:33am
Quoting McNish
Mcrawfy : The concept of basket trading would be to pick an index with a strong trend. I agree that it will also incorporate the idea of paring the weakest against the strongest and that is also a way of going forward. The discussion here is to pick a basket with a strong trend and then find the relevant pair. If U have two baskets going in the opposite direction, U know which pair to pick straight away.

Say a scenario arises where we are able to only select one index, we stick to that and look in the profile of the index to find the...
Your explanation is crystal ...I see the picture better now
  • #1,087
  • Nov 9, 2011 2:35am Nov 9, 2011 2:35am
Quoting TradeFinder
Hi McNish

For step 6 is it not the 1H TF used for the exit using the MACD
Captain : Please guide us here for the correct exits. I personally use a different exit route and sometimes on entry too.

McNish.
There is no such thing as LUCK ! Chance favors the prepared mind.
  • #1,088
  • Nov 9, 2011 3:02am Nov 9, 2011 3:02am
Quoting radiant army
hi leekaq, we will really appreciate if the pdf you promise us is out, to determine the entry level of your intraday. imagine am trap on euraud long now
Hello RA,
For the EurAud, I think we need a BO of 3366 and T1 3469. Just hold your horses and it should come. It's making higher lows if U can see that.

McNish.
There is no such thing as LUCK ! Chance favors the prepared mind.
  • #1,089
  • Nov 9, 2011 3:26am Nov 9, 2011 3:26am
I'm out of EA. Somehow I don't like it. The Eur Index is falling. Two more of my indi's are showing down for it.

RA, be advised.
McNish.
There is no such thing as LUCK ! Chance favors the prepared mind.
  • #1,090
  • Nov 9, 2011 3:33am Nov 9, 2011 3:33am
Quoting McNish
I'm out of EA. Somehow I don't like it. The Eur Index is falling. Two more of my indi's are showing down for it.

RA, be advised.
McNish.
thanks iam out as well
  • #1,091
  • Nov 9, 2011 3:41am Nov 9, 2011 3:41am
Quoting radiant army
hi leekaq, we will really appreciate if the pdf you promise us is out, to determine the entry level of your intraday. imagine am trap on euraud long now

impatient never commanded success ,,, .. BTW, can u post yr basket setup..how many pairs do u trade?
  • #1,092
  • Nov 9, 2011 3:45am Nov 9, 2011 3:45am
i'm in 3rd basket today,.,..+250 pips.. 2nd basket close by trailing stop..+55pips
Attached Image (click to enlarge)
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  • #1,093
  • Nov 9, 2011 3:54am Nov 9, 2011 3:54am
Quoting leekaq
impatient never commanded success ,,, .. BTW, can u post yr basket setup..how many pairs do u trade?
i took 2 trades euraud and audjpy but close euraud co eurindex goin down
  • #1,094
  • Nov 9, 2011 3:59am Nov 9, 2011 3:59am
Quoting radiant army
i took 2 trades euraud and audjpy but close euraud co eurindex goin down
the basket is sure ain;t big enough..,, i trade at least 5 pairs...
  • #1,095
  • Nov 9, 2011 4:06am Nov 9, 2011 4:06am
i dont want to risk too much until i got the whole system. i realise i missed so many trades when usd index started going up and nzdindex coming even eurindex with usd gives some pairs
  • #1,096
  • Nov 9, 2011 4:08am Nov 9, 2011 4:08am
Quoting leekaq
the basket is sure ain;t big enough..,, i trade at least 5 pairs...
the problem is to analysis as quick as possible and act quickly
  • #1,097
  • Nov 9, 2011 4:10am Nov 9, 2011 4:10am
leekaq, radiant army
Can you post a chart of your trade(audjpy) I wanna study your entry and compare it with mine.
  • #1,098
  • Edited 4:31am Nov 9, 2011 4:12am | Edited 4:31am
What a rain. Are we wet yet? It's sure raining for Lee Man.
Screwed up my last post. Had to delete it.
More later! McNish.
There is no such thing as LUCK ! Chance favors the prepared mind.
  • #1,099
  • Nov 9, 2011 4:14am Nov 9, 2011 4:14am
Quoting radiant army
i dont want to risk too much until i got the whole system. i realise i missed so many trades when usd index started going up and nzdindex coming even eurindex with usd gives some pairs
understood but the key to capito's system is to use small lot... BTW i am about to close the fastest +400 pips basket i ever made,,
Attached Image (click to enlarge)
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  • #1,100
  • Nov 9, 2011 4:27am Nov 9, 2011 4:27am
Quoting leekaq
understood but the key to capito's system is to use small lot... BTW i am about to close the fastest +400 pips basket i ever made,,

I just was typing an email and i come back all my take profit is hit grrrr need to enter again now.
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