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CICR system (Currency index cross referencing)

  • #1,221
  • Nov 11, 2011 12:34am Nov 11, 2011 12:34am
Hello All,
Markets are not going anywhere hence can't find specific direction. Just holding the GC trade, looking better. Checked some news, says Aud will sell more soon. Also the Euro thing is getting ugly, earth quake in Greece, Italy trouble now, and others too. Eur index resisting 2.2415, Maybe take small shorts near this level.

Hale-Mary : Indian, Punjabi, America, Mary. Quite a globlisation. Don't mind me asking but, U straight or Gay (LOL!)

Prady : Welcome back to Hindustan. You're flying today right?

McNish.
There is no such thing as LUCK ! Chance favors the prepared mind.
  • #1,222
  • Nov 11, 2011 12:50am Nov 11, 2011 12:50am
I will close this basket..with +50 pips or so..not so bad as i was away after placing the bsket this morning, so i never i had the chance to add or drop any pairs or take profit at maximum.. If u see my previous posts, i normally add more postions for the same currency pairs if i feel the momentum could last longer...

None of the 9 pairs hit SL and EURAUD taht i took closed +ve as well despite earlier drawback,, 2 pairs closed very low but the other 7 pairs carried the basket to +ve region,,

Once again i proved that if u select yr pairs well and BASKET them, chances of losing are very slim...
Attached Image (click to enlarge)
Click to Enlarge Name: ww46.5 trade1 closed.jpg Size: 108 KB
  • #1,223
  • Nov 11, 2011 12:55am Nov 11, 2011 12:55am
Quoting capito
Hi lee,
gimme ur mail id.
my id
[email protected]
[email protected]
  • #1,224
  • Nov 11, 2011 1:23am Nov 11, 2011 1:23am
Quoting McNish
Hello Captain.

Skyzer : Have u figured out yet? He's not trading a single pair, always the basket. So out of 5 even if 3 hit SL, which I don't think happens, maybe 2 not 3, he still makes good on the rest of the pairs from the basket and the basket always wins, something like a dealer on a casino table. Am I right Lee?

More in next, McNish.
u are rightly so McNish....sorry i didn;t realise this post earlier,,,,big post makes me dizzzy.. :0
  • #1,225
  • Nov 11, 2011 2:33am Nov 11, 2011 2:33am
Quoting leekaq
I will close this basket..with +50 pips or so..not so bad as i was away after placing the bsket this morning, so i never i had the chance to add or drop any pairs or take profit at maximum.. If u see my previous posts, i normally add more postions for the same currency pairs if i feel the momentum could last longer...

None of the 9 pairs hit SL and EURAUD taht i took closed +ve as well despite earlier drawback,, 2 pairs closed very low but the other 7 pairs carried the basket to +ve region,,

Once again i proved that if u select yr pairs...
Hi Lee,

it is impressing how you pick the trades. I compared your trades with the charts. The jpy was strong, why did you take all the xxxjpy pairs but not the usdjpy pair ? Did I miss something ?
Thank you for all your contributions.
Have a nice weekend Lee !
Tebis
  • #1,226
  • Nov 11, 2011 2:34am Nov 11, 2011 2:34am
Quoting McNish
Hello All,
Markets are not going anywhere hence can't find specific direction. Just holding the GC trade, looking better. Checked some news, says Aud will sell more soon. Also the Euro thing is getting ugly, earth quake in Greece, Italy trouble now, and others too. Eur index resisting 2.2415, Maybe take small shorts near this level.

Hale-Mary : Indian, Punjabi, America, Mary. Quite a globlisation. Don't mind me asking but, U straight or Gay (LOL!)

Prady : Welcome back to Hindustan. You're flying today right?

McNish.
I love American football...lol
  • #1,227
  • Nov 11, 2011 3:25am Nov 11, 2011 3:25am
Quoting tebis
Hi Lee,

it is impressing how you pick the trades. I compared your trades with the charts. The jpy was strong, why did you take all the xxxjpy pairs but not the usdjpy pair ? Did I miss something ?
Thank you for all your contributions.
Have a nice weekend Lee !
Tebis
it could hv been that i dont like the candle pattern for USD/JPY or MACD1 for H1 and H4 not in agreement...the reason could be as simple as that
  • #1,228
  • Nov 11, 2011 3:43am Nov 11, 2011 3:43am
I'm seeing, in addition to captio's short GBPCHF, the possibility of long EURGBP (Filter and MACD1 cross, index and pair) and GBPAUD (waiting for AUDLFX cross, but pair has achieved MACD1 cross).

Just need to wait for the RSI's to get into line?

Paul
  • #1,229
  • Nov 11, 2011 4:05am Nov 11, 2011 4:05am
Quoting batemap
I'm seeing, in addition to captio's short GBPCHF, the possibility of long EURGBP (Filter and MACD1 cross, index and pair) and GBPAUD (waiting for AUDLFX cross, but pair has achieved MACD1 cross).

Just need to wait for the RSI's to get into line?

Paul
GBPJPY moving steadily..
Attached Image (click to enlarge)
Click to Enlarge Name: img.png Size: 51 KB
  • #1,230
  • Nov 11, 2011 4:15am Nov 11, 2011 4:15am
Go in sync with w1 , mn of your pairs,,, you will always be in a comfortable zone.
  • #1,231
  • Nov 11, 2011 4:18am Nov 11, 2011 4:18am
Before somebody asks, there is always somebody montioring trades hence we close when the max is reached.

GBPUSD should break resistance, will give good pip gains.. entered position...
  • #1,232
  • Nov 11, 2011 6:46am Nov 11, 2011 6:46am
Quoting leekaq
hi SkyzerFX,

Do we need to attach to every chart or just instal it in any chart and it will control the whole basket?
No, unfortunately this is very basic one, so yes, we have to attach it

to every chart. Like if you save Template with the EA on, next time

you don't have to every time drug and drop and edit settings, just

load template and go.
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  • #1,233
  • Nov 11, 2011 6:46am Nov 11, 2011 6:46am
Quoting capito
Before somebody asks, there is always somebody montioring trades hence we close when the max is reached.

GBPUSD should break resistance, will give good pip gains.. entered position...

hey capito, great job. i have spent the last two days going over this thread,very interesting stuff. i believe the hardest part is waiting for the signals on the H4 chart, the reason why we have alot of scalping. i saw the GBP signal, would you say the eurlfx buy signal is valid? or would you ignore it seeing as there is alot of crisis in the EU..and wld you ignore the cadlfx, seeing as it has been in a range?..i am trying to get a feel of the system. And since usdlfx is turning bearish, is shorting the gbpsd such a good idea?
It is possible to make large sums trading, small losses, large wins
  • #1,234
  • Nov 11, 2011 7:47am Nov 11, 2011 7:47am
Quoting omadivi
hey capito, great job. i have spent the last two days going over this thread,very interesting stuff. i believe the hardest part is waiting for the signals on the H4 chart, the reason why we have alot of scalping. i saw the GBP signal, would you say the eurlfx buy signal is valid? or would you ignore it seeing as there is alot of crisis in the EU..and wld you ignore the cadlfx, seeing as it has been in a range?..i am trying to get a feel of the system. And since usdlfx is turning bearish, is shorting the gbpsd such a good idea?
No eur isnt valid for me... i wont trade much now... will wait for next week..
i trade first week of the month, the first 2 days of the next week, third week not much, last week for some last minute action.
Cant stress enough about the first week. I like stress free trading..
cad stay out... yet again nzd aud were the best ones to be trade...
markets in range will take next week to get a bias

hope you watched the vids..
  • #1,235
  • Nov 11, 2011 8:48am Nov 11, 2011 8:48am
Alright I fix the integer problem and test it works fine now,

Here it is. Cool thing is, it doesn't place hard SL or TP, just tracking

and closing trades ones levels are reached keep it under the radar.

So Broker cannot see your SL, nor TP..
Attached File(s)
File Type: mq4 HIDDEN TP_TS_SL_EA_Fv_5d_v2.mq4   4 KB | 400 downloads
Viewer Discretion Advised: Shall we shag now or should we shag later? :-)
  • #1,236
  • Nov 11, 2011 9:58am Nov 11, 2011 9:58am
i hope u guys got those trades because i am raining megapips again rite now and it;s friday...
  • #1,237
  • Nov 11, 2011 10:00am Nov 11, 2011 10:00am
and AUD too..
  • #1,238
  • Nov 11, 2011 3:08pm Nov 11, 2011 3:08pm
leekaq, what template you are trading on?

Can you make a Screenshot?

And what do you mean by Basket?

Usually basket of currency means equally weighted correlated currencies

something like

buy EURUSD sell GBPUSD.. And so on,

What in your case definition of basket? You mean buying those

with error UP and selling those with Errors down?

Thanks.
Viewer Discretion Advised: Shall we shag now or should we shag later? :-)
  • #1,239
  • Nov 11, 2011 9:07pm Nov 11, 2011 9:07pm
Quoting leekaq
and AUD too..
Lee,
What TF do you scalp on?

Thks,
Tom
  • #1,240
  • Nov 11, 2011 10:38pm Nov 11, 2011 10:38pm
this is waht i got before market closed yesteday... USDLFX breakout.. and i was confident enough to put 1 dollar pip on the long for EU..

template? i use the same CICR template plus using the DB for early monitoing,,, if i see all arrows were on the same color and directions for quite some times, glance on the indexes and check their D1 and H4 MACD1,,same goes for currency pairs. MACD1 for H4 and D1 must agree on same bias..for short, D1 MACD1 could still be aove zero but bias to south and H4 MACD1 need to cross zero and pointing south as well. Also if u see a pullback on lower TF (i always use M15), set pending order (sell stop etc like 5 pips lower that previous LL).
Attached Image (click to enlarge)
Click to Enlarge Name: EU breakout.jpg Size: 136 KB
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