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Long Term CICR (Cross index currency referance) trading

  • #121
  • Jan 16, 2012 5:27am Jan 16, 2012 5:27am
True, No clear signal yet anywhere. Maybe it's later in the month, that's why, no convicting news too.

Quoting Dyekid217
hey guys ... . I will be up during the london session since I am not working anymore and deciding to go back to school.
What's with this !!!

M,
There is no such thing as LUCK ! Chance favors the prepared mind.
  • #122
  • Jan 16, 2012 7:52am Jan 16, 2012 7:52am
either way, its just zzzzZzzZzZzZZZZZZZZ today...
dang boring...
off for tomorrow China GDP
  • #123
  • Jan 16, 2012 10:20am Jan 16, 2012 10:20am
I used to use a Mouteki/Demark Trendline Indicator on H1 candles to get out of the H4 candle pattern formation problem.
(PS. I use Mouteki/Demark with 8 candles on H1 instead of 2 candles for H4)

And as shown, AUDx is 2 bullish candles since 10AM EST after it broke the Supply(Green) line.

USDx is bearish hugging the Supply Trendline downwards.
Attached Image (click to enlarge)
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Attached Image
  • #124
  • Jan 16, 2012 10:31am Jan 16, 2012 10:31am
Is this another Mouteki/Demark Trendline Indicator you are using and if yes could you please attach it? Thanks.
  • #125
  • Jan 16, 2012 10:31am Jan 16, 2012 10:31am
took a small position on usdcad.. probably wont take another trade until I see more movement in the market.


seems like a nice selling point though. Might not see movement until we hit the London session
http://img689.imageshack.us/img689/8834/cicr1.png

http://img836.imageshack.us/img836/6708/cicr2.png
  • #126
  • Jan 16, 2012 11:20am Jan 16, 2012 11:20am
I am just starting to look at this method...I am sure I will have questions.

Is there an intraday version of this CICR method?
  • #127
  • Jan 16, 2012 11:43am Jan 16, 2012 11:43am
Hi DK!

I took a short position on the GBPCAD a while ago. Your thoughts on that trade? For CADLFX D1 W1 and M1 were all up and GBPLFX were all down. CADLFX had crossed down on the signal line and GBPLFX had crossed up. Then looking at the GBPCAD on the 1HR, the Lag and RSI were both hugging the bottom.

Just looking for feedback as I get my fet wet. Currently in prift looking for a MACD cross for a close on the 1HR

Quoting Dyekid217
took a small position on usdcad.. probably wont take another trade until I see more movement in the market.


seems like a nice selling point though. Might not see movement until we hit the London session
http://img689.imageshack.us/img689/8834/cicr1.png

http://img836.imageshack.us/img836/6708/cicr2.png
Believe and Achieve!
  • #128
  • Jan 16, 2012 11:51am Jan 16, 2012 11:51am
seems like a decent trade. I prefer to enter based off 4hr though

as you can see with the 4hr.. usdcad there is a macd crossover. There isn't one on gbpcad yet

but thats just me playing it safe.. if you feel confident about the trade by all means take it
  • #129
  • Jan 16, 2012 12:15pm Jan 16, 2012 12:15pm
Thanks DK! I didnt know we should also wait for the MACD cross on the 4HR. I'm learning :-)

Quoting Dyekid217
seems like a decent trade. I prefer to enter based off 4hr though

as you can see with the 4hr.. usdcad there is a macd crossover. There isn't one on gbpcad yet

but thats just me playing it safe.. if you feel confident about the trade by all means take it
Believe and Achieve!
  • #130
  • Jan 16, 2012 12:31pm Jan 16, 2012 12:31pm
that really all matters up to you. I haven't tested this system on the 1hr but I'm sure it works, the exit might be faster though.
  • #131
  • Jan 16, 2012 12:43pm Jan 16, 2012 12:43pm
Well, I wasnt looking at the MACD cross at all for entry. I was going to look at the standard MACD to cross the zero line for exit on the 1HR.

Quoting Dyekid217
that really all matters up to you. I haven't tested this system on the 1hr but I'm sure it works, the exit might be faster though.
Believe and Achieve!
  • #132
  • Jan 16, 2012 1:01pm Jan 16, 2012 1:01pm
Do anyone in here know the formula of the arrows, so how they are calculated? I took a look at the source code of the indicator but didn't find anything that helps. Seems that most of you just trade the colours under the motto "the higher the better" but I'm very interested in what the arrows and numbers below them mean.

Another point which I would like to ask in the same breath is how do you trade the arrows since they are switching their colour nearly every 10 seconds. Even the D1 and W1 arrows are spinning around all the time and I do not have unterstand yet when a colour is critical and when not.

Let me give you guys an example: Ten minutes ago I looked at the indices and saw this situation which indicates a clear short in USDLFX:

Attached Image


Now it looks like this which oviously isn't a short anymore:

Attached Image


So is it just random which trades are entered, depending on wether you look now at the charts or in a few minutes?
  • #133
  • Edited 2:59pm Jan 16, 2012 2:45pm | Edited 2:59pm
Hi!

Quoting Demika
Do anyone in here know the formula of the arrows, so how they are calculated?
They are calculated as RSI with period = 3 of last three bars. But zero bar is taken into cosideration, that's why it is redrawn. The colour and direction depend of acceleration and current position (bottom, center, top etc) of that RSI value.

Quoting Demika
Another point which I would like to ask in the same breath is how do you trade the arrows since they are switching their colour nearly every 10 seconds.
I also wonder, how? I asked similar question in original CICR thread but without success. An answer was -- trade and don't think about this

If you want, you may change CICRAlerter to do not make calculations on zero bar.
  • #134
  • Jan 16, 2012 3:14pm Jan 16, 2012 3:14pm
yes the arrows are constantly changing.. but you need to pay attention during the first 10 days of the month. if you start at the beginning of the month you would know that gbp has been falling all month.

just follow when all the arrows line up.. otherwise dont pay attention to that index

Quoting Demika
Do anyone in here know the formula of the arrows, so how they are calculated? I took a look at the source code of the indicator but didn't find anything that helps. Seems that most of you just trade the colours under the motto "the higher the better" but I'm very interested in what the arrows and numbers below them mean.

Another point which I would like to ask in the same breath is how do you trade the arrows since they are switching their colour nearly every 10 seconds. Even the D1 and W1 arrows are spinning around all the time and I do not...
  • #135
  • Jan 16, 2012 3:59pm Jan 16, 2012 3:59pm
Quoting Daniil
They are calculated as RSI with period = 3 of last three bars. But zero bar is taken into cosideration, that's why it is redrawn. The colour and direction depend of acceleration and current position (bottom, center, top etc) of that RSI value.
Allright, thank you!


Quoting Daniil
I also wonder, how? I asked similar question in original CICR thread but without success. An answer was -- trade and don't think about this
That's one option...I'd rather like to know what I'm doing and why

Quoting Daniil
If you want, you may change CICRAlerter to do not make calculations on zero bar.
To achieve which effect?

Quoting Dyekid217
yes the arrows are constantly changing.. but you need to pay attention during the first 10 days of the month. if you start at the beginning of the month you would know that gbp has been falling all month.

just follow when all the arrows line up.. otherwise dont pay attention to that index
Sorry I still don't get it. If the arrows are changing every few seconds - which is obviously the case - than it is arbitrarily whether you enter a trade or not because the arrows might be lined up all towards the sky and you go long but just two minutes later H1 and H4 are turned into yellow (sidewards). So if you looked two minutes later you would not have entered the trade. You know what I mean?

So it seems to be randomly wheter you get the moment where all five arrows are lined up or not. Everyday thats the case, not only from day 11 to 30 in a month.
  • #136
  • Jan 16, 2012 4:07pm Jan 16, 2012 4:07pm
I see all questions answered about the RSI ARROWS

so just post these pictures without comment, except to add, I think you need to look at the Index chart in conjunction with the indicator

for instance, overall bias for EUR is down, therefore look for pairs to short with
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It takes a lot for me to IGNORE you, but you can try.
  • #137
  • Jan 16, 2012 4:40pm Jan 16, 2012 4:40pm
Quoting Erebus
I see all questions answered about the RSI ARROWS
Thank's for the pictures but that's not what I'm talking about. Daniil explained it a few posts before and I'm fine with this. For the so far not answered question please take a look at my last post.
  • #138
  • Jan 16, 2012 4:54pm Jan 16, 2012 4:54pm
Quoting ibotman
I am just starting to look at this method...I am sure I will have questions.

Is there an intraday version of this CICR method?
I have been using the price action analysis, and indicators, of this method -

http://www.forexfactory.com/showthread.php?t=332195

on the Index charts

let's see what happens today IF the down trend EUR gives SELL signal

while the up trend CAD gives BUY signal

I think that is how you can use the overall strength / weakness of currency to determine MAJOR trend and base intraday decisions on that

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  • #139
  • Jan 16, 2012 5:59pm Jan 16, 2012 5:59pm
Can you post your DeMark indicator? Ive found a couple, but they dont plot the same lines. Just want to be on the same page.

Thanks
  • #140
  • Jan 16, 2012 6:15pm Jan 16, 2012 6:15pm
All indicators are in Post #1 as far as I know, or you can access from the "paperclip"

POST # 1
Attached Image (click to enlarge)
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It takes a lot for me to IGNORE you, but you can try.
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