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Long Term CICR (Cross index currency referance) trading

  • #61
  • Jan 13, 2012 8:11am Jan 13, 2012 8:11am
Hi Dyekid217,

Thank you for the thread,
I love your thread.
I have also following capito's thread for quite some time and also love it.

I use windows xp in my MacBook, and it doesnt have the correct font for it, so i did a small modification to make it work.

I took buy audcad, buy audchf, and sell euraud and made small gains.

QUOTE=Dyekid217;5292669]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[/quote]
Attached Image (click to enlarge)
Click to Enlarge Name: 2012-01-13_22-13-54.jpg Size: 121 KB
  • #62
  • Jan 13, 2012 8:13am Jan 13, 2012 8:13am
It is rsi value (if you will hold mouse over the numbers it will show you what is it)
  • #63
  • Jan 13, 2012 8:13am Jan 13, 2012 8:13am
Cheers!.. glad you could make some small gains.

The market isn't too steady right now.. It's kind of all over the place.

You might be able to find some better trades next week or near the end of january... we only need to wait and see :nerd:

I see a strong rejection and more divergence from one of our trendlines on AUDLFX.. I will post a screenshot when I get home from work
  • #64
  • Jan 13, 2012 8:59am Jan 13, 2012 8:59am
Quoting sapiemas
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
I Agree!

But right now, I dont have VPS...
Was planning to run a 24/7 netbook or VPS for EA indeed.
  • #65
  • Jan 13, 2012 9:10am Jan 13, 2012 9:10am
Quoting sapiemas
Hi Dyekid217,

Thank you for the thread,
I love your thread.
I have also following capito's thread for quite some time and also love it.

I use windows xp in my MacBook, and it doesnt have the correct font for it, so i did a small modification to make it work.

I took buy audcad, buy audchf, and sell euraud and made small gains.

QUOTE=Dyekid217;5292669]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...
[/quote]


Btw.. can you explain in detail as to why you took that audcad trade?
Both of those indices seem to be gaining strength. I try to emphasize that we need to trade strength vs. weakness. Might be why that pair ended up negative?
  • #66
  • Jan 13, 2012 9:10am Jan 13, 2012 9:10am
At this point shouldn't we be waiting until next month since we are past the first 10 days of the month? Just want to make sure I understand the rules.

Quoting Dyekid217
Cheers!.. glad you could make some small gains.

The market isn't too steady right now.. It's kind of all over the place.

You might be able to find some better trades next week or near the end of january... we only need to wait and see :nerd:

I see a strong rejection and more divergence from one of our trendlines on AUDLFX.. I will post a screenshot when I get home from work
Believe and Achieve!
  • #67
  • Jan 13, 2012 9:21am Jan 13, 2012 9:21am
yes to catch the full potential of the move it's best to place trades in the first 10 days of the month. There is always areas where there is trend continuation where you should be able to add-on to positions.

Even then you must use your forex knowledge to place these trades..

Like i said in other posts, this method has multiple ways of approaching entry. The main thing is that everyone that understands this method, is trying to explain HOW the markets ACTUALLY move. Once you get a grasp of that I'm sure you will know when exactly to stay out of the market or get in.

right now you are correct though.. price action isn't doing much to tell us that the trends will continue.. so stay sidelined until you see that perfect moment to enter
  • #68
  • Jan 13, 2012 9:47am Jan 13, 2012 9:47am
Thanks DK!

Quoting Dyekid217
yes to catch the full potential of the move it's best to place trades in the first 10 days of the month. There is always areas where there is trend continuation where you should be able to add-on to positions.

Even then you must use your forex knowledge to place these trades..

Like i said in other posts, this method has multiple ways of approaching entry. The main thing is that everyone that understands this method, is trying to explain HOW the markets ACTUALLY move. Once you get a grasp of that I'm sure you will know when exactly to...
Believe and Achieve!
  • #69
  • Jan 13, 2012 10:03am Jan 13, 2012 10:03am
Quoting Dyekid217
...it's best to place trades in the first 10 days of the month....
You cant ignore the fact that most Forex Traders want to trade every day, every hour, every minute.

I myself spend as much time as possible scanning charts for setups. annnnd putting a loser trade .... LOL!

sometimes, oftentimes, most of the time, simpler is better. I hope to turn a new leaf this 2012
  • #70
  • Jan 13, 2012 10:08am Jan 13, 2012 10:08am
DK.

In this AUDX, do you agree with me that it failed to break down as shown by the bounce off the yellow Filterline and bounce off the red trend line?

What do you call that Green and Red trendlines?
Looks very much the Mouteki Trend lines... Supply and Demand lines?
Attached Image
  • #71
  • Edited 12:25pm Jan 13, 2012 12:14pm | Edited 12:25pm
yes.. when you stop chasing the loser.. you will end up finding the winner

and also yes.. the mouteki trendlines are based off of tom demarks theories. I just stick to the original!

AUDLFX doesn't look too convincing that it's going to keep heading north

We shall see next week what our method brings
  • #72
  • Jan 13, 2012 1:30pm Jan 13, 2012 1:30pm
Hey uys,

first I really want to say a big thank to you Dyekid217 for sharing this strategy - which, at a first glance looks really promising!

I've installed SigTrader and copied the relevant indicators so at this point everythink works fine; except I don't know how to create a chart which gives me an overview over the indices like USDLFX, EURLFX, NZDLFX etc. like in the last image at your first post (http://img39.imageshack.us/img39/9382/cicr6.png).
At the moment I have a list of the relevant currencies for each index, so in USDLFX chart I can see the arrows of EURUSD, GPBUSD, USDCHF tbc.

Beside this technical question I'm really looking forward to demo-test this strategy and I will do my best to support this thread Unless it's unsolicited to post pictures of a modified version, because I won't use the strategy exactly like you explained it...
  • #73
  • Jan 13, 2012 2:12pm Jan 13, 2012 2:12pm
hey there.. if you don't decide to use the regular template all you have to do is attach the cicralerter indicator to a chart and go into the properties. When it says show current pair.. set that to false and input all the indices where they show the pairs.. make sure there's no spaces


ie. USDLFX,EURLFX,LFXJPY etc that way you will have an overview of all the indices on one chart
  • #74
  • Jan 13, 2012 2:48pm Jan 13, 2012 2:48pm
DK,

How do you trade Laguerre?
Years ago, I was told that if Laguerre is flat top, only take Shorts; if its lying flat bottom, only take Longs. Is this correct?

if not, how you trade it? From what I gather in this thread, it implies "continuation" of trend?
  • #75
  • Jan 13, 2012 3:08pm Jan 13, 2012 3:08pm
If you backtest the laguerre can stay above that .75 or below the .15 for a long time and price will keep going in the direction of being overbought/oversold.

The way you would trade it though.. is when its coming down from overbought. You would sell when the laguerre crosses over the .75 line coming down.

look at how i labeled it on a chart and look at price reacting

http://img94.imageshack.us/img94/3654/cicr22.png
  • #76
  • Jan 13, 2012 3:08pm Jan 13, 2012 3:08pm
Quoting Dyekid217
hey there.. if you don't decide to use the regular template all you have to do is attach the cicralerter indicator to a chart and go into the properties. When it says show current pair.. set that to false and input all the indices where they show the pairs.. make sure there's no spaces


ie. USDLFX,EURLFX,LFXJPY etc that way you will have an overview of all the indices on one chart
Thank's for your fast response, but it does not work:

Attached Image (click to enlarge)
Click to Enlarge Name: Unbenannt.jpg Size: 118 KB
  • #77
  • Jan 13, 2012 3:12pm Jan 13, 2012 3:12pm
maybe disable autodetect? try that since someone else had a problem with the rsi arrows as well and fixed it that way
  • #78
  • Jan 13, 2012 3:15pm Jan 13, 2012 3:15pm
Quoting Dyekid217
maybe disable autodetect? try that since someone else had a problem with the rsi arrows as well and fixed it that way
fixed TY
  • #79
  • Jan 13, 2012 3:21pm Jan 13, 2012 3:21pm
awsome haha. I kind of had a feeling that might work.

Anyways.. market's pretty dead right now and I'm kind of sad. I had a great week though with a 35% increase of my initial deposit

Looking forward to Sunday night!! I will be posting some setups if I get a chance to see any. (let's hope so)
  • #80
  • Jan 13, 2012 3:23pm Jan 13, 2012 3:23pm
Question DK. WHy would you have entered on th circled candle? Was it because we had a cross and also broke below the upper DeMark resistance line? Just want to make sure I am clear. Thanks!

Quoting Dyekid217
If you backtest the laguerre can stay above that .75 or below the .15 for a long time and price will keep going in the direction of being overbought/oversold.

The way you would trade it though.. is when its coming down from overbought. You would sell when the laguerre crosses over the .75 line coming down.

look at how i labeled it on a chart and look at price reacting

http://img94.imageshack.us/img94/3654/cicr22.png
Believe and Achieve!
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