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CICR system (Currency index cross referencing)

  • #1,581
  • Dec 11, 2011 7:42am Dec 11, 2011 7:42am
For over one month I have been following this thread and trying to understand the system. I must admit that, as time goes on and the more times I read the thread from start to finish, the more confused I become.

What seems like a simple and solid trading system to start with, the thread was quickly flooded with indicators and templates; this was mentioned by a fellow member early on. These newer additions and modifications make matching pictures to posts difficult. Each time I revisit the thread from post #1, I find myself already confused and frustrated by about post #300. The next 1200 or so posts don't stand a chance in the foggy head of mine.

Perhaps I am ranting here, but I find this thread has become yet another one that escapes me. This really irritates me, as my gut feeling tells me this is a system to follow.

Capito, I know you are trialing the trade copier of sort on your site; I am not yet a member. Will the trade copying service cover only longer term H4 trades, since you are primarily a longer term trader, or will you also cover intraday at all?
  • #1,582
  • Edited 9:29am Dec 11, 2011 9:18am | Edited 9:29am
NHT : Hi man. I understand the situation you're in. Indeed setting SL or TP for a trade is very critical and SR and trend lines are like a heart beat of chart trading. One way around it (IMO) is to take into consideration the market sessions, Asian, London and the US sessions as each has it's own character. Do your tp in each session and open new trader in the new session with conformation of the trend. Something that I'm still testing and it seems to hold. Of course this is in the shorter TF's i.e H1 and used for scalping. But still not optimal. Another way is to take two trades and book your profits for one at a decent level and keep the second at BE+spread. This way one is making something decent at least. Or maybe try some variations of this. Another trick I use sometime when I have a strong feeling of a good trade but the price is not moving in my favor, I set a good SL (of-course the entry price is the key to find a sl that can hold) and when the price is approaching my sl, I place another order near the sl with double the size of the original and set the same sl for it too thus here my risk is minimal and the reward ca be really good and worthy.

Well, you had posted two Indi's Dataweekly and DataMonthly. I tried to modify one of them to show the daily data and it worked but then only one of them shows the pivots if I put the weekly and daily on the same chart. Please help me here. Also I would like it to show the previous day's high and low. The current indi I use for it is the Thv4tzpivotsd. But it overlays the price and it's a very lenghty indi and i don't use all the function from it, only pivots, yest's Hi Lo and daily bar. Thus try this and let me know.

Lee : Hey Lee, will be joining the CTG soon and also getting back to my setups. Maybe I'll try your basket style then and we'll have a run of sorts. Till then, you lead.

Mags01 : You're right on couple accounts, one that this is a simple and solid system and two, the thread get's confusing at times. I realised the same thing at one time myself. So here's what I did. I started to write down what I understood and soon I figured the most and the important parts of this. then I also wrote a post where I put a summary write up of it on this thread. just find and read it, hope that will help. Rest Captain can guide you.

Regards.
There is no such thing as LUCK ! Chance favors the prepared mind.
  • #1,583
  • Dec 11, 2011 9:19am Dec 11, 2011 9:19am
Quoting Simr
BTW...Captain...being a commercial ...you dont reply to queries addressed to you by newbies...even when this is your thread ?

I enjoyed the G/N ride long .. E/A ride...am currently on the A/CHF short ride which went up quite a bit ...now retraced by 50% Carrying it over the weekend. Then some quick rides on the G/U long and exit. Looking to re enter G/NZD long on retracement. Stuck with E/U longs since 5th Dec... but I expect it to bounce once before it heads down for good..

LFXJPY cant seem to make up its mind. Short to long and now turning...


SIMR: I understand your frustration. I can assure you that Capito is very busy working on his new website and CTG. If you want to understand things better, I would strongly encourage you to join CTG. It is $14.50 u.s per month only. If you want free mentoring, you may need to look elsewhere.

Regards,
CG
  • #1,584
  • Dec 11, 2011 9:24am Dec 11, 2011 9:24am
Quoting nht
Hi Leekaq,

I’m planning to join the club, but right now I have my home budget to manage. I know it’s not much (50$ as I remember) but Christmas are coming and big family is waiting for the presents

About ATR – I use ATR(7) with 3 levels to decide where to place SL and TP.
[font=Arial]SL is placed on level 1 on the opposite side of the trade, TP are level 2 and 3. But since market is dynamic I’m not always waiting for a trade to reach these levels, SR and trend lines are mine main tools...
Hi nht,
I can tell you that Capito just did an entire webinar on ATR, and you have full access to the recording as I undersand it if you are a member of CTG. It is only $14.50 per month, and if you are trading and following his advice and method as he teaches, I can assure you that you will make the cost back before Christmas, even with a small account.

I have no affiliation with CTG, except for being an active member, and benefitting from the education and teaching. These guys are legitimate, and the price is very low, with the value offered being phenomenal.

I wish you and your family all of the best for the holiday season, and best of luck in profitable trading!

With kindest regards,
CG
  • #1,585
  • Dec 11, 2011 10:58am Dec 11, 2011 10:58am
Thank you for your reply. Am not looking for free mentoring. I am asking a question which is in an open domain , in a place which is in an open domain to the person who started this thread.

I didnt know he was so busy. I obviously wish him the very best at CTG.

regards

Quoting currencyguy
SIMR: I understand your frustration. I can assure you that Capito is very busy working on his new website and CTG. If you want to understand things better, I would strongly encourage you to join CTG. It is $14.50 u.s per month only. If you want free mentoring, you may need to look elsewhere.

Regards,
CG
  • #1,586
  • Edited 11:57am Dec 11, 2011 11:15am | Edited 11:57am
Quoting leekaq
hi nht.. not sure if u already joined the CTG but it was discussed at length by cap in his webmimar on how to use ATR level as intraday trades , SL, TP etc,,,
Hi Leekaq/Capito (or any other CTG member)

How do you go about joining the CTG group, I am on the mailing list of forexmechanics but I am missing how to sign up, is there a link or ?

Apologies if this is so obvious but I am missing it

Thanks in advance
  • #1,587
  • Edited 2:41pm Dec 11, 2011 1:19pm | Edited 2:41pm
Hi,


CG – thx for the Christmas wishes. Almost all presents are “waiting for delivery” (well hidden ) but there are some special requests
Anyway, in a month or two I’ll try to join the club but right now I’m still on Daily charts finding best way to trade the market. So much to do and so little time …


McNish – as you requested I did some modification to the original indicator and I hope that this is what You need. You can choose to display prev. day HIGH/LOW as line or as PriceRightLabel. Enjoy
(see attachments : template and indicators)
As much as I want to use your advice and somehow incorporate all intraday “tactics” I can only trade Daily charts and frankly I found out that this is the way I want to trade, this is my comfort zone. Anything lower then H4 is too much stressful for me. But thx for all the advices.

Best regards
nht
Attached Image (click to enlarge)
Click to Enlarge Name: DailyCandle_info.gif Size: 40 KB
Attached File(s)
File Type: tpl index_daily.tpl   33 KB | 360 downloads
File Type: mq4 DataDaily.mq4   17 KB | 377 downloads
File Type: mq4 LG Arrows.mq4   17 KB | 425 downloads
File Type: mq4 MACD_OsMA_4ColorH_2LVar1_mtf.mq4   8 KB | 370 downloads
  • #1,588
  • Dec 11, 2011 7:11pm Dec 11, 2011 7:11pm
http://www.forexmechanics.com/subscription.html

Quoting TradeFinder
Hi Leekaq/Capito (or any other CTG member)

How do you go about joining the CTG group, I am on the mailing list of forexmechanics but I am missing how to sign up, is there a link or ?

Apologies if this is so obvious but I am missing it

Thanks in advance
  • #1,589
  • Dec 11, 2011 7:22pm Dec 11, 2011 7:22pm
hey Simr, ATR stands for Average True Range for last 14 days... if the ATR indicated ATR =100 pips for a pair, then simply dont go and place the TP on a ridiculous 150 pips.. (i've done this before ).. also if the ATR% is already like 90%, it tells u that u are too late to enter, the pip move range for the day has almost exhausted.. cap spent 2 hrs on saturday talking on how to utilize ATR effectively... yes US14 is nothing, u get back yr money within few minutes of yr trade using this CICR system effectively.. BTW, the ATR projection indi is the on the 1st page on this thread ... happy trading

Quoting Simr
Thank you for your reply. Am not looking for free mentoring. I am asking a question which is in an open domain , in a place which is in an open domain to the person who started this thread.

I didnt know he was so busy. I obviously wish him the very best at CTG.

regards
  • #1,590
  • Dec 11, 2011 8:59pm Dec 11, 2011 8:59pm
Quoting Simr
BTW...Captain...being a commercial ...you dont reply to queries addressed to you by newbies...even when this is your thread ?

I enjoyed the G/N ride long .. E/A ride...am currently on the A/CHF short ride which went up quite a bit ...now retraced by 50% Carrying it over the weekend. Then some quick rides on the G/U long and exit. Looking to re enter G/NZD long on retracement. Stuck with E/U longs since 5th Dec... but I expect it to bounce once before it heads down for good..

LFXJPY cant seem to make up its mind. Short to long and now...
Hello simran, i am sorry to missed out on certain queries.
Have been caught with lot of work lately... just pair indexes correctly and you are good to go, yes if you add you s/r, momentum and other things trades will get better.
  • #1,591
  • Dec 12, 2011 3:12am Dec 12, 2011 3:12am
hi guys, i found this atrprojection in my computer. it has the % for jpy pairs, but i am not sure this indi is exactly the same with the original atrprojection from Capito. please give comment if this indi is not exactly the same
Attached File(s)
File Type: mq4 ATRprojections.mq4   5 KB | 372 downloads
  • #1,592
  • Dec 12, 2011 5:04am Dec 12, 2011 5:04am
Thanks Lee.

BTW..the ATR indi is for 10 periods here on the first post

regards

Quoting leekaq
hey Simr, ATR stands for Average True Range for last 14 days... if the ATR indicated ATR =100 pips for a pair, then simply dont go and place the TP on a ridiculous 150 pips.. (i've done this before ).. also if the ATR% is already like 90%, it tells u that u are too late to enter, the pip move range for the day has almost exhausted.. cap spent 2 hrs on saturday talking on how to utilize ATR effectively... yes US14 is nothing, u get back yr money within few minutes of yr trade using this CICR system effectively.. BTW, the ATR projection indi is...
  • #1,593
  • Dec 12, 2011 6:25am Dec 12, 2011 6:25am
Quoting leekaq
http://www.forexmechanics.com/subscription.html
...
  • #1,594
  • Dec 12, 2011 8:09pm Dec 12, 2011 8:09pm
Quoting McNish
Mags01 : .....................
Thank you for the feedback and suggestion. Will give it a good go.
  • #1,595
  • Dec 12, 2011 11:12pm Dec 12, 2011 11:12pm
Sorry for this urgly question, please can someone tell me how to go about this
when I open USDLFX, the template still displaying GPBLFX.
Await your respond
Thanks
Much luv
Attached Image (click to enlarge)
Click to Enlarge Name: hhh.png Size: 148 KB
If you don't control your emotion it will control you.
  • #1,596
  • Dec 12, 2011 11:26pm Dec 12, 2011 11:26pm
Quoting emmy01
Sorry for this urgly question, please can someone tell me how to go about this
when I open USDLFX, the template still displaying GPBLFX.
Await your respond
Thanks
Much luv
Hi Emmy,

Did you change the capitointraday "PairsToTrade" parameter to USDLFX,EURUSD,GBPUSD,....?
Attached Image (click to enlarge)
Click to Enlarge Name: CAPINTRADAY.JPG Size: 156 KB
  • #1,597
  • Dec 13, 2011 10:06am Dec 13, 2011 10:06am
Hi,
These are the tentative levels for the EU. 1.285, 1.260, 1.230, 1.190. Just my thoughts.

Have some opinion on the long term for the EU. By mid to end of 2012, EU should be 1.000. In about 3 years plus time, EU should be 2.5. Reasoning : The short term bias for the Euro is very negative as they have some real major issues and the Governments and the respective banks have to find a soultion to work in tandem. This is big task taking into account the scale of operation as we are talking about the governments and the banks. The bigger problem is to find a constructive solution which will work in the long term and why should a stronger country stand up for the weaker one. And here the bargaining chip for the weaker countries is the cost of the break up of the Euro for the Stronger countries which could be somewhere about 25 to 30 % extra than if the Euro stands. Thus my reasoning is, Euro will hold but with a negative bias. Later on, the floating boat called the US Dollar will really start to sink or stink as they are in an even deeper trouble than the EU. And this will start the rebound the the EU. On the tech front, we'll have to look for the divergence on EU on Daily or weekly.

One may question the authenticity of my reasoning and I have none. Treat it as some crap if you please. This is only my opinion so don't take trades based on this, it's just my study from the net. And this is not CCP, I have put in some original thoughts and ideas in conjunction to what I have studied.

Nevermind, happy to see that things have fallen in place. Except for the GBP, all went as predicted. This may be the last week where we find trading momentum in 2011.

Captain : Pal, hope I'm not offending you with this post as it's out of the purview of this treads subject. If so, please delete it or let me know to do so.

Regards.
There is no such thing as LUCK ! Chance favors the prepared mind.
  • #1,598
  • Dec 13, 2011 10:09am Dec 13, 2011 10:09am
Quoting Amao
Hi Emmy,

Did you change the capitointraday "PairsToTrade" parameter to USDLFX,EURUSD,GBPUSD,....?
Thanks Amao for you replied. I did'nt change anything in the 'PairsToTrade'. Pls wht am I doing wrong?
Much luv
If you don't control your emotion it will control you.
  • #1,599
  • Dec 13, 2011 11:15pm Dec 13, 2011 11:15pm
Quoting emmy01
Thanks Amao for you replied. I did'nt change anything in the 'PairsToTrade'. Pls wht am I doing wrong?
Much luv
Hi emmy01, you need to change 2 parameters of CapitoIntraday indicator:
1. ShowCurrentPairOnly: change to false
2. PairsToTrade: change according to each index chart. The picture shows EURLFX chart, so we need to use EURLFX,EURUSD,EURJPY,EURGBP,EURCHF,EURCAD,EURAUD,EURNZD.

You can copy and paste the data for each index on the attached file.
Attached Image (click to enlarge)
Click to Enlarge Name: untitled2.JPG Size: 168 KB
Attached File(s)
File Type: txt list of index and pairs.txt   < 1 KB | 378 downloads
  • #1,600
  • Dec 14, 2011 10:38am Dec 14, 2011 10:38am
Quoting Amao
Hi emmy01, you need to change 2 parameters of CapitoIntraday indicator:
1. ShowCurrentPairOnly: change to false
2. PairsToTrade: change according to each index chart. The picture shows EURLFX chart, so we need to use EURLFX,EURUSD,EURJPY,EURGBP,EURCHF,EURCAD,EURAUD,EURNZD.

You can copy and paste the data for each index on the attached file.
thanks for your reply. I dont have capito intradey indicator. The one i use is the lawgirl show in the 3rd page of this thread. If the capitorintraday indicator will do the same as the current on i am using, kindly please share the indicators with me.
Much luv
If you don't control your emotion it will control you.
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