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Long Term CICR (Cross index currency referance) trading

  • #41
  • Jan 12, 2012 2:42pm Jan 12, 2012 2:42pm
its working now, I turned off autodetect , thx Dyekid
  • #42
  • Jan 12, 2012 2:44pm Jan 12, 2012 2:44pm
oh alright.. not sure if I even know what that feature is lol

ragnakore- if you have any questions please post them up
  • #43
  • Jan 12, 2012 4:08pm Jan 12, 2012 4:08pm
Could not create a demo account at liteforex.
I do have a live account there some 4 years ago. could not access it anymore...
forgot the password?
  • #44
  • Jan 12, 2012 4:37pm Jan 12, 2012 4:37pm
I believe the problem is windows7 and windows vista protects the files so you can't write into them.. hence the reason why it's not letting you create the demo account since the files are saved into the folder.

Like i said before you need to go into the properties of the entire sigtrader folder and change the permissions to allow access by all of the users on the computer.

let me know if that works
  • #45
  • Jan 12, 2012 5:01pm Jan 12, 2012 5:01pm
Thanks for starting this thread Dyekid217. I am an old member of forexmechanics.com and am glad to see new members following this method.

I love this method, it is very simple and effective. It may seem complicated at first but it is not. To all newbies: You just need to understand the core principle of this method which is following strength and weakness!

I take only trades in the direction of the weekly candle (when the monthly candle goes in the same direction its even better) and enter a trade only when H1-W1 are all in alignment. If not, I stay out. Always remember: the trend is your friend.
  • #46
  • Jan 12, 2012 5:03pm Jan 12, 2012 5:03pm
yup no problem. I really started this so other traders can share their trading charts with us

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?
  • #47
  • Jan 12, 2012 5:20pm Jan 12, 2012 5:20pm
Dyekid, could you please share the ATR indicator shown in screenshot of your post #24 - Thanks!
  • #48
  • Jan 12, 2012 5:31pm Jan 12, 2012 5:31pm
Hey guys closed my trades for a 35% gain.. I think I'm done for the month unless I get a really good signal. This month has been pretty lopsided. Although GBP was in a nice trend for a while not many other indices went oppsosite.

Meaning NZD and AUD were in an uptrend but had a reasonable drop today.. same with USDLFX

possibly reversals?? we shall see next week =)

EDIT: Here's the atr indicator
Attached File(s)
File Type: ex4 ATRprojections.ex4   10 KB | 552 downloads
  • #49
  • Jan 12, 2012 5:50pm Jan 12, 2012 5:50pm
Quoting Dyekid217
Hey guys closed my trades for a 35% gain..
CONGRATS.

Btw. Dyekid217, do you ever sleep?
  • #50
  • Jan 12, 2012 6:04pm Jan 12, 2012 6:04pm
Haha I try to =)

We might see some nice crosses next week with indices at supports or resistances. We shall see what happens.

For now I am on the sidelines because some macd crosses on the 4 hr told me to get out

Still a nice 1k pip basket to start the year
  • #51
  • Jan 12, 2012 6:23pm Jan 12, 2012 6:23pm
Dyekid,

Looking at this AUDindex, it is suggesting AUD is about to fall?
Attached Image
  • #52
  • Jan 12, 2012 6:44pm Jan 12, 2012 6:44pm
Quoting ragnakore
Dyekid,

Looking at this AUDindex, it is suggesting AUD is about to fall?
If price can break below 1.7208 then yes I would consider aud to start a downtrend after that long 4 HR divergence

next week might display a cross of the filter line.. I personally wont enter any trades tomorrow even if there is a filter line cross
  • #53
  • Jan 12, 2012 7:03pm Jan 12, 2012 7:03pm
Quoting fguru
I take only trades in the direction of the weekly candle (when the monthly candle goes in the same direction its even better) and enter a trade only when H1-W1 are all in alignment. If not, I stay out.
I'm glad to see this post, because one thing that stood out for me in Capito's (awesome) videos was that he seemed to me to be insistent that one only trade in the first week of the month and only when the the weekly and monthly candles, as well as the rest, were in the same direction following a valid filter-line crossover.

I can understand that the best news and price action generally kicks off at the beginning of the month, but in the first week aren't the weekly and monthly real-time candles essentially the same candle? Thus making the monthly candle largely superfluous until mid-month?
  • #54
  • Edited Jan 13, 2012 5:59am Jan 12, 2012 7:11pm | Edited Jan 13, 2012 5:59am
You basically just want to see them heading in the same direction that your rsi indicators are telling you. It really depends on how long a trade will stay open for but this method is still profitable even if you catch half of a move.

really there's many ways that you can trade this system with the indices..

I think the BEST part about this system is that it teaches you not to chase your entry. If you wait for price to come to you then you will stand a higher chance of winning a trade.

I know because I was one of those traders... the one with the itchy trigger finger.

Now I know when I shouldnt be trading and it has saved me pips.

Overall 1344 pips in a 4 week period that my account has been open is a great start.. only more time and practice will make my pip gains even larger
  • #55
  • Edited 3:49am Jan 13, 2012 1:23am | Edited 3:49am
AxiTrader iPad platform is the latest among xogee iPad MT4 broker apps. this version can can put indicators and have multiple panels/windows making organization of charts easy.

I managed to hack that platform to connect to LiteForex instead and I was able to get those currency indexes! It does not have Laguerre and no custom indicators. So making full study difficult.

Works great on the move though.

PS. I didnot hack AxiTrader iPad Platform to magically add/fetch the indexes. I hacked the AxiTrader iPad Platform to connect to LiteForex. Therefore, thereafter I am using a LiteForex Account on an AxiTrader iPad Platform.
Attached Image (click to enlarge)
Click to Enlarge Name: IMG_0177.PNG Size: 208 KB
  • #56
  • Jan 13, 2012 4:55am Jan 13, 2012 4:55am
Hi Dyekid217,

I have modify !XPS v8 MONTHLY PIVOTS.mq4 , so it will display the text instead of small boxes,
On my computer, the text also wont show, and it display as small boxes, so I changed the font, and now it shows the text
Attached File(s)
File Type: mq4 !XPS v8 MONTHLY PIVOTS.mq4   11 KB | 358 downloads
  • #57
  • Jan 13, 2012 5:09am Jan 13, 2012 5:09am
put your MT4 LiteForex on a VPS,
then install PocketCloud application (its free) on your Ipad to connect to your VPS.
then you'll be able do a full analysis on your Ipad

Quoting ragnakore
AxiTrader iPad platform is the latest among xogee iPad MT4 broker apps. this version can can put indicators and have multiple panels/windows making organization of charts easy.

I managed to hack that platform to connect to LiteForex instead and I was able to get those currency indexes! It does not have Laguerre and no custom indicators. So making full study difficult.

Works great on the move though.

PS. I didnot hack AxiTrader iPad Platform to magically add/fetch the indexes. I hacked the AxiTrader iPad Platform to connect to LiteForex....
  • #58
  • Edited 5:52am Jan 13, 2012 5:35am | Edited 5:52am
Quoting sapiemas
Hi Dyekid217,

I have modify !XPS v8 MONTHLY PIVOTS.mq4 , so it will display the text instead of small boxes,
On my computer, the text also wont show, and it display as small boxes, so I changed the font, and now it shows the text
hello.. thanks for modifying that.. I believe it is because that text was only installed on some OS's

Btw.. It looks like there might be a trend continuation next week with some nice places to put on some positions.. for now I'm still sidelined until the new week starts. Even though all rsi's are pointing in one direction you need to use basic price action to decide if you are going to take a trade or not.. and right now price action isn't too convincing

http://img641.imageshack.us/img641/5050/cicr4.png
  • #59
  • Jan 13, 2012 5:55am Jan 13, 2012 5:55am
dyekid,

in that last chart indicator, what does tose numbers mean?

ie, on AUDindex, what does the 69, 68 under the up arrows imply?
  • #60
  • Jan 13, 2012 5:56am Jan 13, 2012 5:56am
i believe it is the strength or angle of the rsi. Obviously as with mostly everything the higher the better

I usually use the median of 50 or higher to find STRONG indices
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