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CICR system (Currency index cross referencing)

  • #1,301
  • Nov 14, 2011 9:38am Nov 14, 2011 9:38am
Quoting capito
Intraday trading is pure instincts, reaction and closing trades on time

take what you get..
thanks capito,,,below is yr intraday method you described and i'm basically practicing that by the book...instinct,,,

Intraday swing trading

Only for full time traders who sit in front of the terminal all the time.
I use it when i am sure of price action on the Index.
Rules dont give too much weight to monthly rsi.

However daily has to be in the same direction of price action. Daily & weekly in same direction the better.

Here are the rules. Just plain macd , filter line and the rsi indicator to
confirm direction.

Here are the rules.

When a candle pierces the filter line on a individual index (4hr chart), D1 rsi should be in same direction. Weekly, monthly rsi i cant really give you a set formula cuz this is intraday use ur trading instinct.
Now please read the macd well and price action. The macd histogram will give you early indication of a possible breakout.
  • #1,302
  • Edited 10:02am Nov 14, 2011 9:54am | Edited 10:02am
Has anyone else noticed how different the trend displays are between
SigTrader and your own broker , in my case Oanda ? Right now GBPLFX
is up across the board on SigTrader , down on Oanda . I have noticed
this before and will check my other broker as well .
If this is consistent which signals do we watch ?

leekaq - which broker feed do you pay attention to ? Do you just look at
SigTrader ?
  • #1,303
  • Nov 14, 2011 10:12am Nov 14, 2011 10:12am
Quoting steel777
leekaq - which broker feed do you pay attention to ? Do you just look at
SigTrader ?
Sigtrader is the 1st u need to monitor. This is the heart of the CICR system. Once u identify which currency index is on the big move, then only u monitor yr broker MT4 for related pairs to trade.
  • #1,304
  • Nov 14, 2011 10:23am Nov 14, 2011 10:23am
Quoting currencyguy
took eurcad long myself at 1.3949. Looked like the best pair to me on db.
going to sleep here in u.s. set tp 100 pips at resistance, and sl below last low. Looks similar to leekaq entry on this pair.
for intraday, i bet u can;t leave the trades open without TS.....EURCAD has apparently moved south significantly,,.
  • #1,305
  • Nov 14, 2011 11:07am Nov 14, 2011 11:07am
Thanks for the reply .
I understand the process , steps to take . Just wondering if anyone else is seeing different info between SigTrader and their own broker .
Obviously it does not effect your sucessful intraday trading .

Quoting leekaq
Sigtrader is the 1st u need to monitor. This is the heart of the CICR system. Once u identify which currency index is on the big move, then only u monitor yr broker MT4 for related pairs to trade.
  • #1,306
  • Nov 14, 2011 11:55am Nov 14, 2011 11:55am
I missed the best moves while sleeping, but managed to make some intraday trades (135 pips). Still demo trading.
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  • #1,307
  • Nov 14, 2011 2:32pm Nov 14, 2011 2:32pm
I'm playing 100% appositive when all Errors Red or Blue it's a time

to (Most RED =Buy) or (Most Blue = Sell) on 30m, cause those Indies turning up or down when

major move already been done and it's too late to the party.. Besides that Stinking Dollar

will drop dead anyhow, in 24 hours at most. Doesn't looks like a SELL to me, sorry I might be wrong
Attached Image (click to enlarge)
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Viewer Discretion Advised: Shall we shag now or should we shag later? :-)
  • #1,308
  • Edited 5:59pm Nov 14, 2011 5:29pm | Edited 5:59pm
NZD index continue to go down, i have all NZD pairs in my basket..nice to wake up and see good setup...

edit: I'm out with 50 pips in the bag...so much pullback..
  • #1,309
  • Nov 14, 2011 6:05pm Nov 14, 2011 6:05pm
Quoting leekaq
NZD index continue to go down
I have a feeling that USD will tank tomorrow, and Market should run-up

as well.. You might be able to scalp few pips during 2 hours of Japanese

session before anything else opens, if you are lucky. NZDJPY could be

the best shot.. I'm actually still long that pair until my SL triggers.

5 pips spread killing me, but this is a test Live account with small lots..

Good luck, will see tomorrow..
Viewer Discretion Advised: Shall we shag now or should we shag later? :-)
  • #1,310
  • Nov 14, 2011 6:19pm Nov 14, 2011 6:19pm
some movement on CHF index, could be good for some pips hunting,,,
  • #1,311
  • Nov 14, 2011 6:29pm Nov 14, 2011 6:29pm
Quoting leekaq
some movement on CHF index, could be good for some pips hunting,,,
leekaq, do you check only one index chart and then go to the basket and trade the pairs with all arrows in one direction? E.g. now you trade all CHF pairs? Or do you check at least two indexes, one with strength and the other one with weakness?
  • #1,312
  • Nov 14, 2011 6:50pm Nov 14, 2011 6:50pm
Quoting fguru
leekaq, do you check only one index chart and then go to the basket and trade the pairs with all arrows in one direction? E.g. now you trade all CHF pairs? Or do you check at least two indexes, one with strength and the other one with weakness?
As i am using a basket system, i can't only depend on 2 opposite currrency indexes, else my basket will only consist of 1 pair.
So for intraday or quick pip hunting, to maximize the basket (and minimize yr loss), check only one index at one time. If u see good movement on any particular index, then check for all the related pairs in yr broker MT4.. Imagine if u have 2 opposite currency indexes, this will be the time when u see my basket is up to 10-12 pairs... .

edit: yes, i hv 5 CHF pairs opened... will close pretty soon with BE or so, not feeling good on this, too much pull back again..
  • #1,313
  • Nov 14, 2011 6:53pm Nov 14, 2011 6:53pm
Thanks for your reply.
  • #1,314
  • Nov 14, 2011 7:05pm Nov 14, 2011 7:05pm
look out, CAD index could be turning to south..
  • #1,315
  • Nov 14, 2011 7:08pm Nov 14, 2011 7:08pm
Thanks, will check it out.
  • #1,316
  • Nov 14, 2011 8:08pm Nov 14, 2011 8:08pm
CAD lfx lower lows on 30 mins.....

focus on cad index, usd index
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  • #1,317
  • Nov 14, 2011 8:22pm Nov 14, 2011 8:22pm
Intra bets...

AUD LONG USD SHORT, CAD Short... positions keep changing based on each new trading session.
  • #1,318
  • Nov 14, 2011 8:36pm Nov 14, 2011 8:36pm
Quoting TravB
Hey Cap,

I'm registered as a CTG member and have received some emails, but some are seeming to get lost. Not sure if it is on my end or vice versa.

Anyway, could you please PM me so we could switch my account to my gmail account instead?

Thank you,

Travis
Sure mail me ur gmail id..
  • #1,319
  • Nov 14, 2011 9:01pm Nov 14, 2011 9:01pm
I swear by now that I will NOT trade JPY pairs anymore in the future. I hate those spikes that often occur. Just hit my stop loss.
  • #1,320
  • Nov 14, 2011 9:16pm Nov 14, 2011 9:16pm
Quoting fguru
I swear by now that I will NOT trade JPY pairs anymore in the future. I hate those spikes that often occur. Just hit my stop loss.

yep,,,me too,,,35 pips SL for CHFJPY hit,,,but other 4 CHF pairs are still strong...so still at +ve small pips..
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