TASAYC System

Very nice ForexCube.

Yes, I hope to have some real-time examples as well.

A PDF is a good idea.

I have spent a lot of time developing this indicator. I want to dig in and use it.

I have one more idea to put into the indicator, a combo alarm for CCI, Strength and hook strategy...

Carl

Brilliant.

Thanks

hi carl,

thanks a lot for you new year gift.

you are an excellent programmer



My CCfp indicator and tempate is included for the setup I use.

Have a fun and profitable 2012.

Carl[/quote]

USDCAD, H4, 2012 January 04

Long @ 1.0126, Target @ 1.02450 (0.01/200.-$)

See also the Daily Resistance Lines (#1048).

PO Long @ 0.9920, Target @ 1.039 (0.01/200.-$)

Label:
(0.01/200.-$): 0.01 Lot with a 200.-$ Real Account
(only for educational purposes).


Excursus:
How to read the CC-Indicator?
Currencies are always quoted in pairs, such as USDCAD or USD/JPY. The reason they are quoted in pairs is because in every foreign exchange transaction, you are simultaneously buying one currency and selling another. Here is an example of a foreign exchange rate for the U.S. Dollar versus the Canadian Dollar:

USD/CAD = 1.01242

Base Currency= USD / CAD = Quote Currency

The first listed currency to the left of the slash ("/") is known as the base currency (in this example, the U.S. Dollar), while the second one on the right is called the counter or quote currency (in this example, the Canadian Dollar). When buying, the exchange rate tells you how much you have to pay in units of the quote currency to buy one unit of the base currency. In the example above, you have to pay 1.01242 Canadian Dollars to buy 1 U.S. Dollar.
When selling, the exchange rate tells you how many units of the quote currency you get for selling one unit of the base currency. In the example above, you will receive 1.01242 Canadian Dollars when you sell 1 U.S. Dollar.

The base currency is the "basis" for the buy or the sell. If you buy USD/CAD this simply means that you are buying the base currency and simultaneously selling the quote currency. In caveman talk, "buy USD, sell CAD."
You would buy the pair if you believe the base currency will appreciate (gain value) relative to the quote currency (see the green line of CC-USD). You would sell the pair if you think the base currency will depreciate (lose value) relative to the quote currency.

Long
First, you should determine whether you want to buy or sell.
If you want to buy (which actually means buy the base currency and sell the quote currency), you want the base currency to rise in value and then you would sell it back at a higher price. In trader's talk, this is called "going long" or taking a "long position." Just remember: long = buy.

USDCAD, Daily, 2012 January 04

Resistance: ~1.0050 / ~0.99

hi forexcube,

whats the meaning of " PO "

PO Long @ 0.9920, Target @ 1.039 (0.01/200.-$)

regards

Pending Order

AUDUSD, H4, 2012 January 04

Sell @ 1.03434 (0.01/200.-$), Target @ 1.0 (or the next CCI-Bottom Level)

Label:
(0.01/200.-$): 0.01 Lot with a 200.-$ Real Account
(only for educational purposes).

See also the Daily Chart (#1052), please.

AUD/USD = 1.03439

Base Currency= AUD / USD = Quote Currency

Short
If you want to sell (which actually means sell the base currency (AUD) and buy the quote currency (USD), you want the base currency to fall in value and then you would buy it back at a lower price. This is called "going short" or taking a "short position". Just remember: short = sell.

The means that the AUD-CC-Indicator has to drop downside (dark orange line).

AUDUSD, Daily, 2012 January 04

Hello, my first chart here, hope this system work, i'm testing with demo accont.

Entered long E/U 30 min.

Note:
It could be a cluster risk:

Long USDCAD (#1047)
Short AUDUSD (#1051)

If the market price will go in the counterpart direction (the orders will run into the loss zone) LOM has to activate like the clappers.

Label:
LOM = Loss Order Management

Hello ForexCube, what is your LOM ? What is your SL of your A/U Order ?

And can you please share your CC indidator ?

hi forexcube,

please explain - why carlr indi show a buy setup ??

take a look

regards

Dear ForexCube,

I don't know if you have traded the EUR/USD recently, buf If you did, could you show me how did you deceided how long to stay in Short and when to change to long? I made many entries but the price was falling without stopping but for me the lower timeframes indicated a reverse.

I am realy intrested in your answer, of course, only if you have time for that!

Best Regards

hi carl,

i have some doubts, please answer my questions on the screenshot. thanks
regards

Thank You FOREXCUBE for TAYSAC System. You have all my gratitude. I have read a zillion of systems. All loosers. This is the first that convince me. And finally I gained some pips (100 today - not much, but enough for print a smile on my face for the rest of the day).
And Thank you CRODZILLA for your fantastic indicators.
Sorry for my bad English, I am too old (71) for learn it better, I presume. http://www.forexfactory.com/images/icons/icon7.gif

For all new members of this thread: please please read the entire thread before to post your questions.
Good new year to all of you. My best wishes with all my hearth.

I think I am repeating myself here, but again:

The CCI numbers are the actual CCI indicator readings for that timeframe. If they are red, then CCI is currently lower than the previous bar in that timeframe. If they are green, then the current CCI is higher than the previous bar. So, the number might be negative and green, but it makes sense because the CCI is lower than zero, but rising.

The CC divergence status is:
If you see Bear-3 in the EUR column of the hourly timeframe of EURUSD, it means that CC is diverging with price in a bearish way. So strength pressure is actually bearish for that pair. The number is how far back in bars that pressure exists. So 3 bars back, in that timeframe. Simply, price was higher 3 bars back, but strength is lower for EUR, as ForexCube was describing earlier.

If you see Bear-3 in the USD column of the hourly timeframe of EURUSD as well, it means that CC is diverging with price again in a bearish way, but USD is strengthening as prices rise, up to 3 bars back.

The ultimate high probability trade is to see Bull or Bear in both columns of a pair at the same time, along with a divergence in the CCI.

I hope that explains it. I apologize for not having any clear cut explanations as I have been developing this indicator almost since the inception of this thread.

I need to use this indicator so that I can make sure it does what I wanted it to, and is of the spirit of this fine thread by ForexCube.

Carl

LOM example:

Hello astock,

-The numbers after the bull/bear are the amount of past bars.
-The numbers under the CCI is directly from the CCI indicator for each frame placed on 1 chart.



http://www.forexfactory.com/attachme...1&d=1325688796

Thanks Carl,

This statement really helps me out.