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CICR system (Currency index cross referencing)

  • #1,321
  • Nov 14, 2011 10:08pm Nov 14, 2011 10:08pm
Quoting fguru
I missed the best moves while sleeping, but managed to make some intraday trades (135 pips). Still demo trading.
yes sir,, u are on the rite track...
  • #1,322
  • Nov 14, 2011 10:23pm Nov 14, 2011 10:23pm
Quoting leekaq
for intraday, i bet u can;t leave the trades open without TS.....EURCAD has apparently moved south significantly,,.

Yes, you are correct Lee. I moved stop up to break even after it moved in my direction before going to sleep. woke up in the a.m. to find it had fallen. Not hurt though, thanks to b/e stop. Not the ideal way to trade, just saw a possible opportunity before going to sleep and gave it a roll, to see if I could make the 100 pips based on s/r. No harm, no foul.
  • #1,323
  • Nov 14, 2011 11:13pm Nov 14, 2011 11:13pm
focus on cad
  • #1,324
  • Nov 14, 2011 11:21pm Nov 14, 2011 11:21pm
Hi Capito.

You say focus on CAD. Do I understand you correctly, focus on the CAD index and find weakness/strength in the pairs in the basket accordingly? Still learning here...
  • #1,325
  • Nov 15, 2011 12:11am Nov 15, 2011 12:11am
Quoting capito
focus on cad
Capito,
I assume you are referring to divergence, at resistance, and rsi about 50, so room to fall?
  • #1,326
  • Nov 15, 2011 2:39am Nov 15, 2011 2:39am
Quoting currencyguy
Capito,
I assume you are referring to divergence, at resistance, and rsi about 50, so room to fall?
Yes
  • #1,327
  • Nov 15, 2011 4:49am Nov 15, 2011 4:49am
cadjpy and usdcad
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  • #1,328
  • Nov 15, 2011 5:28am Nov 15, 2011 5:28am
Closing cad positions
  • #1,329
  • Nov 15, 2011 5:40am Nov 15, 2011 5:40am
Quoting capito
Closing cad positions
good call Cap.. i've just opened 4 th basket of the day,,3 pairs basket for CAD...will close it right before NY opens. Pips count today so far ~+300 pips..
  • #1,330
  • Nov 15, 2011 5:40am Nov 15, 2011 5:40am
http://forexmechanics.wordpress.com/...ian-debt-woes/
  • #1,331
  • Nov 15, 2011 5:42am Nov 15, 2011 5:42am
Quoting leekaq
good call Cap.. i've just opened 4 th basket of the day,,3 pairs basket for CAD...will close it right before NY opens. Pips count today so far ~+300 pips..
Close all.. retail sales usd can create major some huge noise.... book profits...
  • #1,332
  • Nov 15, 2011 5:46am Nov 15, 2011 5:46am
Quoting capito
Close all.. retail sales usd can create major some huge noise.... book profits...
closed..+5 pips,,,danke
  • #1,333
  • Nov 15, 2011 6:02am Nov 15, 2011 6:02am
cad and usd both index touching respective sup and resis... Hummmmm

keep a track of the blog...
  • #1,334
  • Nov 15, 2011 7:03am Nov 15, 2011 7:03am
this is the report for my 4 baskets today.. more win than lost pairs , there were few bad entries however i still managed to grab around 300 pips so far today... i hope u get the idea how i am trading,,
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  • #1,335
  • Nov 15, 2011 7:13am Nov 15, 2011 7:13am
Quoting leekaq
this is the report for my 4 baskets today.. more win than lost pairs , there were few bad entries however i still managed to grab around 300 pips so far today... i hope u get the idea how i am trading,,
u pick the best trades... why dont u hold it longer
  • #1,336
  • Nov 15, 2011 7:39am Nov 15, 2011 7:39am
failed resistance
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  • #1,337
  • Nov 15, 2011 7:39am Nov 15, 2011 7:39am
Quoting capito
u pick the best trades... why dont u hold it longer
i know but this the nature of basket trading, i hv few pairs doing pretty bad and they pulled down the pip counts of the basket.. so instead of dropping the bad pairs, i set my EA to close the basket earlier to protect pips gains.. the good thing was that i reentered on next baskets..
  • #1,338
  • Nov 15, 2011 7:42am Nov 15, 2011 7:42am
Quoting leekaq
i know but this the nature of basket trading, i hv few pairs doing pretty bad and they pulled down the pip counts of the basket.. so instead of dropping the bad pairs, i set my EA to close the basket earlier to protect pips gains.. the good thing was that i reentered on next baskets..
In your basket hold the strongest based on the indi indexes longer.... will multiply ur gains in no time...
  • #1,339
  • Nov 15, 2011 8:07am Nov 15, 2011 8:07am
Quoting capito
failed resistance
How do you know that is the resistance to look at. I tried doing that before many times only to see price continue in its drection.

went long on EU this morning, because it failed to break the low of the session then it went even lower than that and took me out.
  • #1,340
  • Nov 15, 2011 8:10am Nov 15, 2011 8:10am
Quoting capito
Intra bets...

AUD LONG USD SHORT, CAD Short... positions keep changing based on each new trading session.
can you explain this further. I noice that sometimes the trade can continue to go on for multiple sessions.

I thought as long as we were below the filter line it is considered a sell even for intra day
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