Long Term CICR (Cross index currency referance) trading | Page 6 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Rsi cross indicator? (NOT cross 50, etc) 44 replies

Intraday CICR (Cross index currency referance) trading 22 replies

Dyekid217 Trading relative strength and CICR 0 replies

Royal Cross/Fresh Cross 7 replies

Short Term / Medium Term / Long Term? 3 replies

Attachments: Long Term CICR (Cross index currency referance) trading
Exit Attachments

Long Term CICR (Cross index currency referance) trading

  • #101
  • Jan 15, 2012 4:16pm Jan 15, 2012 4:16pm
hey guys check out the usd index... looks like the dollar is going to keep gaining strength. Also GBP looks like it's gonna keep heading south. I will be up during the london session since I am not working anymore and deciding to go back to school.

I will post some charts when I get a chance
  • #102
  • Jan 15, 2012 4:16pm Jan 15, 2012 4:16pm
Quoting Dyekid217
stop chasing the loser
Nice one

Btw. I entered the EUR/AUD short at 1,2274. Welcome, first CICR trade
  • #103
  • Jan 15, 2012 4:23pm Jan 15, 2012 4:23pm
nice.. I recommend any euro trade. I will wait for a while to see if the direction holds. Mainly I will wait til there is more liquidity during the london sesh.

btw: if you're monthly pivots stopped working here's a new one
Attached File(s)
File Type: ex4 ay-pivot.ex4   31 KB | 396 downloads
File Type: mq4 ay-pivot.mq4   19 KB | 437 downloads
  • #104
  • Jan 15, 2012 4:37pm Jan 15, 2012 4:37pm
Quoting Dyekid217
Mainly I will wait til there is more liquidity during the london sesh.
Normally I would do so as well, but since I won't have the chance to enter the trade untill ~2 p.m tomorrow I just got in now.

I created a TradeExplorer were I'll trade only CICR (although I changed the rules a little) just if someone is interested in how this strategy performs. Certainly not all trades will be 100% accurate due to the fact that I just started testing CICR ...
  • #105
  • Jan 15, 2012 4:58pm Jan 15, 2012 4:58pm
Quoting Erebus
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
When i said GBP IS RISING, I did not mean BUY as i said in that post; I meant it is retracing, pullback If you will to a fib level?
I trade pullback so in the above context, I would rather short GBP vs a stronger currency that i yet have to identify. usually we would short GBP vs USD, but maybe vs AUD or JPY would be better. Then again, both GBP and USD are retracing. so mayhaps, GPUSD is plausible as well.

UK exports 40% to Europe and with EU slowing o will UK. i favor short GBP looking for resistance to sell. here GBPx is gonna be helpful. watching the filter lines, or fib levels or resistance levels. or demark/mouteki lines for signal
  • #106
  • Jan 15, 2012 6:15pm Jan 15, 2012 6:15pm
Quoting Demika
Nice one

Btw. I entered the EUR/AUD short at 1,2274. Welcome, first CICR trade
Looks like you will have some short term, Asian session PAIN on that trade!

As suggested, and my usual procedure anyway, let the market sort itself out, make a move as per indicators and price action when Europe and London markets are trading.
Attached Image (click to enlarge)
Click to Enlarge Name: 0006.png Size: 50 KB
It takes a lot for me to IGNORE you, but you can try.
  • #107
  • Jan 15, 2012 6:37pm Jan 15, 2012 6:37pm
I hope if anyone is trading live that you will wait for the right opportunity to trade. I am going to wait and see if london causes a nice move.

Im looking at audusd right now .. looks like after a couple days of testing resistance it might fall. We'll be patient and see
  • #108
  • Jan 15, 2012 6:59pm Jan 15, 2012 6:59pm
AUDX bearish candle forming in H4. Possible filter line cross-over. But we have seen that happened last week only to pullback in the very last hour.

THats the problem with H4 candles. It is dependent on broker's time.
  • #109
  • Jan 15, 2012 7:05pm Jan 15, 2012 7:05pm
Quoting ragnakore
AUDX bearish candle forming in H4. Possible filter line cross-over. But we have seen that happened last week only to pullback in the very last hour.

THats the problem with H4 candles. It is dependent on broker's time.
But isn't Lite Forex the only broker with the currency index?

Here is what I see

Attached Image (click to enlarge)
Click to Enlarge Name: 0007.png Size: 49 KB
It takes a lot for me to IGNORE you, but you can try.
  • #110
  • Jan 15, 2012 7:09pm Jan 15, 2012 7:09pm
How to you get the trade index (LFX) on your metatrader. I don't have those charts? Am I missing something?

Thanks
  • #111
  • Jan 15, 2012 7:26pm Jan 15, 2012 7:26pm
Quoting phillysimba
How to you get the trade index (LFX) on your metatrader. I don't have those charts? Am I missing something?

Thanks
Probably just Post #1 to Post #109


http://www.forexfactory.com/showthre...16#post5286116

It takes a lot for me to IGNORE you, but you can try.
  • #112
  • Jan 15, 2012 8:18pm Jan 15, 2012 8:18pm
I know that we are only supposed to trade the first Ten days of the month, so is this correct, no real trade.
Attached Image
  • #113
  • Jan 15, 2012 8:38pm Jan 15, 2012 8:38pm
looks correct to me..

Going to start checking the 4H candles starting at 1am est. (2 hrs before london)
  • #114
  • Jan 15, 2012 8:50pm Jan 15, 2012 8:50pm
Quoting phillysimba
How to you get the trade index (LFX) on your metatrader. I don't have those charts? Am I missing something?

Thanks
LFX is a new currency out from eastern Europe in preparation for the EU breakup... LOL

Honestly now, its an index created by Liteforex. you can get that only through them..
  • #115
  • Jan 15, 2012 8:52pm Jan 15, 2012 8:52pm
Quoting Erebus
But isn't Lite Forex the only broker with the currency index?

Here is what I see

we are seeing the same thing.. i am waiting for some AUD retrace to short.
patience
  • #116
  • Jan 15, 2012 9:08pm Jan 15, 2012 9:08pm
Quoting phillysimba
How to you get the trade index (LFX) on your metatrader. I don't have those charts? Am I missing something?

Thanks
click on the market prices window and select show all. you will then be able to see all of the pairs and indices that Liteforex offers
  • #117
  • Jan 15, 2012 11:49pm Jan 15, 2012 11:49pm
try and stay away from usd pairs today. It's a bank holiday
  • #118
  • Jan 16, 2012 12:41am Jan 16, 2012 12:41am
Quoting Dyekid217
try and stay away from usd pairs today. It's a bank holiday
So they will trade Canadian instead !!!

Attached Image (click to enlarge)
Click to Enlarge Name: 0008.png Size: 102 KB
It takes a lot for me to IGNORE you, but you can try.
  • #119
  • Jan 16, 2012 2:26am Jan 16, 2012 2:26am
ive been watching GBP lately thinking it is ripe for a fall..
I went short GU. though in profit, wish i shprtrd GA instead for bigger move as attested by bullisg AUD
  • #120
  • Jan 16, 2012 4:19am Jan 16, 2012 4:19am
nothing too tempting right now.. still patiently waiting for the right move. It's almost like a chess game =)
0 traders viewing now