CICR system (Currency index cross referencing)

yeah starting at the beginning of the month I use my ccfp indicator to see which pairs are highlighted for trades in the excel spreadsheet. Then I look at the different indexes to confirm an entry.. If I get daily/weekly/monthly all in the same direction then I place the trade.

set a 100 pip stop and walk away for atleast 3 days checking periodically. A long term system like this needs time to build up your position. with 100 pip SL I need to lock atleast 100 before I can move my stop.

trading 2 lots on a micro account is 20 cents/pip so I'm risking $20 per trade if I get stopped out. The return I'm hoping for is atleast 2:1 so $40.. if more (hopefully more backtesting this system has amazing results) Doing some backtesting lots of trades take atleast a week or two to get to it's maximum potential.

Hi Dyekid217,

It will be great if you post few examples of signals given by your methodology – entry, exit, trade management.
Do you place trades as a “set” (something like basket trades) or choose individual currency pairs and after evaluation place only few of them (?)
I’ve checked briefly and didn’t see excel file you mentioned on your posts, so if you be so kind please post this and explain how you use it.

Perhaps this is not proper for this thread, because it’ll be totally new system and separate place/thread should be used for this(?), but I’ll never know until you provide more detailed info.
Feel free to PM me.


Best Regards
nht

AUD index will be interesting to watch from now. Needs to fail from this level.

all of a sudden my monthly pivot indicator stopped working and I cant get it to show up again.. any idea why?

Hi Dyekid, I have same problem with you It does not work anymore. I don't know why as I get that pivot level from this thread also. I forgot who posted it for the first time.

I have another one which is working. Default setting is for monthly pivot. You can add weekly and daily pivot if you want.

THNX amao

Leekaq ?

Where are you?
are you still on this thread?
Are you still trading your scalping variation of CICR??

hey bro.... i still trade with CICR system ..long term only though. Can't really do intradays nowdays due to my hectic work committments.. i forsee this gonna be happening for next few months or so before i can do intradays again.... i am not rich yet to quit my current job,,,

Hello user's hope you like this. More like Index trading with Demark lines.

Read the documents for a good understanding. And apply breakouts on Indexes and pick pairs accordingly. We have discussed more in depth about how to trade breakouts on index and much more on forexmechanics.com f orum .

Hi all.. I'm up 1400 pips using this system since friday. I figured since the membership to the site is free I started a thread over in the trading systems subforum to share the knowledge

Mostly shorting gbp pairs here's an image that shows a perfect trendline break off the GBPLFX weekly http://img703.imageshack.us/img703/2358/cicr14.png

The system you present looks very promising. I have to read more about it tonight.

Anyone know where I can get this indi please?

http://www.forexfactory.com/attachme...1&d=1309747197

Hi leekaq

really happy to see your post and to know you are still out there
I'm a big fan of your trading sys

hope to read again about your trading method in the future here on FF or on Forexmechanics Forum

p.s.
and about demanding job..I know what u r talkin about, bro

I have also explained with examples how to trade this method long term in the public trading systems.

Figured since the educational group is not running yet it'd be fine since the membership on forexmechanics is free

1 trade stopped out in profit for $16 @40 cents/pip

I'm thinking that a 100 pip Trailing stop may not be enough breathing space


basket still up 1k pips

what do you guys find what works best for long term trading?

Just reading my way thru this thread & trying to understand the method. Now I keep seeing reference to 56 pairs; well, I wrote them all down and appears to me there are 56 positions in the index, but only 28 pairs

Hello Captain, Hi to all.
Happy New Pip Raining year to U all.

Captain: Buddy, sent you a PM. Please revert, I'm in town and want to meet up. Also did you check out the dash borad application, the link of which I had PM'ed u in early November? I see you have some thing similar on the FxMach site of yours. However, I like the interface of the other one (though I have not clearly checked out your.) Thanks for the Demark lines.

DK: 1400 pips in a week, good Lord. Spare us some pips yaar!

Jamesfr: I guess that's propitiatory stuff what you're looking for thus is paid and I doubt you'll get it free anywhere but with a small fee. Something similar is on Captains' site. Excellent tool this. Worth every penny.

NHT : Still looking for that elusive system! Can't blame you. Maybe such a thing is non existent, who knows. I think you should start out with a small a/c size, make CICR as your backbone system and carry on from there. I've notice that the selection of entry point while working with this system is a key ingredient to success. With the right entry price, a decent SL level holds in post of the conditions. Also try picking entries in the London session. Check you inbox here at FF. Have sent a link to another system showing trend on the Daily TF. Hope that helps in conjunction with what you already know.

Lee: Hey Man, I can't agree to what you said to SF. What with you being wet, drenched and dripping every time even if there was only a drizzle, let alone raining pips. We all know that the dealer at the Black Jack table is not a poor man by any standards. Even our Captain can vouch for that. LOL !

With the Monthly pivots being out of order, I suggest to use the one provided by NHT on this thread somewhere. Also maybe the pivots are working but are showing the same reading for this month as that of the previous month. Have checked this possibility though it occurs rarely.

Catch u later fellows. Regards, McNish.

I also find that placing trades after the london session.. most of the move for the day is already completed

Well, you were correct, as the last 1,000 pips shows, your timing maybe a day or 2 early, hope you stuck with it!

Firstly sorry i was really caught up with the site and busy trading and whole lot of research.

Where r u now, i will be mangalore for a few days on vacation.... will pm my cell number