Long Term CICR (Cross index currency referance) trading

yup there are multiple reasons why I would enter on that... First we have a breakout candle.. even though it's not too convincing. Even if you had entered on the one after, you can see that there's a filter line cross... laguerre is coming down past .75. theres a macd crossover.. rsi arrows were most likely pointing down at the time of the candle close.. (i recommend looking at candles 10 mins before they close because it will give you the true direction of the RSI before they reset at the new candle)


that's just looking at the pair outlook lol.

Now if you saw that gbp was falling and chf was rising (which it was) then that would have been the absolute BEST trade to enter.

Friday the 13th is my 1st Day of CICR.

#1. I didnt short AUDUSD after reviewing CICR. Though AUDUSD dropped on that France Downgrade, I wasnt lured into a short trap. Look where AUDUSD is right now? 1.0320s. If I went short, I would have targetted 1.0100 and I'll be in red once again.

#2. When AUDUSD rebounded - looks good to short right? I didnt as CICR predicting further strength. Short AUD [;ay will be for another day.

great call.. this system WILL keep you out of bad trades. The first thing I learned from Capito is why do people lose in the forex market??


Usually theyre always late in the trade.. by the time they enter the move had already been completed.

With this system you will be able to find the best (and earliest) oportunity to trade.

Also notice how the price projection was NOT very good once the trendline had broken. It was ONLY 48 pips.. once that the price projection was reached price turned around quickly in the next 4 hour candle. again.. good call on staying out of audusd.

This week made it's move already. We shall see what next week's candle wants to do

I want to say that I WOULD NOT take a trade if the laguerre is already overbought/oversold.

The BEST time to sell is when it's coming down from overbought and crosses past the .75 line on the laguerre. vice versa for sell

Love the thread--I will be spending some time this weekend doing some reading up this--I am very impressed so far.

The numbers are the values of RSI (3). For example if you see the number 69 + a down arrow then you know that RSI has crossed the 70 level from above (from an overbought level) and is going down.

ah.. quite interesting indeed

Are you seeing these "stray objects" on your charts?

They get saved in templates, then applied to other charts; also with this indicator, it was not deleting the old object.

Just go "Ctrl + B", then "Ctrl + A" and select Delete, don't worry, all indicator object will reappear when you change time frames, then re-save you template to apply to other charts.

Oh, and replace your Pivots with this version, hope that helps

Thanks E. I'm sure people are having trouble with the template as I've seen multiple accounts of people having difficulties. Any help is welcome =)

Thank you, I am here to learn and help too, here are the pairs in graphical (?) or at least visual form; top chart is alphabetical, which is how I changed them to in the CICR Alerter indicator (will post soon)

Here is my version of the CICR Alerter Indicator, alphabetical and larger text for old eyes

Hello DK.

I didn't know you had a parallel thread for the CICR. Helps the new comers to get to the core of the system quickly but then reading the whole thread has it's own advantages I guess, hope you agree on that!

To my point. I had put up this question on the Captain's CICR thread but got no reply, may be I'll post again in a while. Reading on divergance on Babypips, it says that the divergance is measured on the either Macd line or the Signal line (of-course, I'm specifically talking of divergance on the MACD though it can be measured on other indi's too). Here in the example posted and also more than a few I've seen else where being mentioned, the divergance is being measured of the histogram of the MACD. Further, i put the FXI divergance indi on the charts to see the same but that too followed the rules for measuring the divergance on the Macd line and not the histogram. I don't vouch for the FXI divergance indicator as it misses some and catches some but reading the divergance with the naked eye, I'm not too sure if one can measure it on the histogram. Though one can safely assume that the content on Macd divergance given on the babypips site has credit, I still see examples of the same being plotted wrongly. Please discuss and clear the confusion for me.

Impressive trade explorer equity graph. Keep it up. Regards, M

Hm that's quite interesting. Honestly I have seen examples of people drawing them using the signal lines AND the histogram. I'm not an expert on divergence but I know many people use it successfully. Maybe someone else can help out here. With cicr though there are so many other filters that will give you a trade you can simply ignore divergence signals if u want

And yes I believe everyone should read the original thread. I just tried to simplify everything with a bunch of examples

AUD NZD and CAD are expected to fall because of declining crude oil a little bit the next few months ...
I'm ready for the CICR
thanks for your thread
hello

Scanning all 8 Indexes, I find nothing much of interests:

USD: After breaching the channel upside, it hit the monthly resistance and almost hitting HC1. IMO, I bet it will continue to drop back (USD bear) until it finds support near the filter line.

AUD, NZD: These are both very supported. both failed to break lower and maintained upward direction. I wont be shorting these currencies just yet though they are gearing for a big fall.

EUR: Its bear bear bear. It has broken the channel downward; and accordingly has lots of rooms to drop. I'd wait for some recovery to sell and wait for USD to drop before shorting EURUSD perhaps around 1.2840 (if we get there).

GBP: Rising rising. But it is within the huge channel. Tempting to go Long. But we are still in a bearish trend.

IM not much into CAD,JPY, CHF.

Basically, things are very boring. Im waiting for some juicy bad news from Europe to sell EU

Same here. All of the indices are either at resistance or support. If we get any filter line crosses I want to see all arrows in the same direction

What about EUR/AUD.

AUDLFX is in a strong upward mode, EURLFX just has to break 2,1250. If EURAUD then goes below 1,2290 we would have a clear short signal.

you are correct there. I am just waiting on a clear trendline breakout. The good thing about the Demark trendline trader is that it recalculates the newest lows or highs so you always have the most recent areas of support/resistance

ragnakore or Dyekid217,

Can you please mention time frame for people new to this method when making these week end analysis? Thanks

You say GBP is rising but Weekly & Monthly arrows are down, and for Daily, is this where you are seeing Channel? Retracement back to trend line will make great short position IMHO.

Seems it can go higher to me, MACD has improved slightly but waiting to see how they read when market data starts flowing.

Looks a great method and will integrate into my chart watching for this week, thanks again

I don't believe Gbp will rise.. There is a clear trendline break on the weekly. We shall see where they go.. And I believe aud and nzd will keep rising based off weekly.

Only time will tell.. Don't be eager to trade =D

Aka stop chasing the loser