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Long Term CICR (Cross index currency referance) trading

  • #141
  • Jan 16, 2012 7:06pm Jan 16, 2012 7:06pm
zZz still waiting for that perfect move. Wish I didnt live in the US where I have to see extremely quiet movement during the day =(
  • #142
  • Jan 16, 2012 7:12pm Jan 16, 2012 7:12pm
long on aud/usd due to dollar weakness.

We shall see where it heads... there's a nice weekly cross of macd
  • #143
  • Jan 16, 2012 8:07pm Jan 16, 2012 8:07pm
placed some trades based off the close of the last 4hr candle.

Some aud pairs and some USD pairs.. will wait it out over the next 2-3 days and see how it goes
  • #144
  • Jan 16, 2012 8:27pm Jan 16, 2012 8:27pm
Certainly I am seeing some important chart patterns in the USD Index chart -

Trend Line - make or break

Elliott Wave - make or break

Monthly RSI - Roll over or no?



But is the US fundamentally worse off than the EZ?

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It takes a lot for me to IGNORE you, but you can try.
  • #145
  • Jan 16, 2012 10:07pm Jan 16, 2012 10:07pm
current basket is doing relatively well so far. up 118 pips accross 6 pairs. only 1 negative for 2 pips
  • #146
  • Jan 17, 2012 1:05am Jan 17, 2012 1:05am
Hello,

DK: As this is your thread and contribution from fellow members too, I believe you have stated clearly that this system is a continuation of the original of Captain's CICR. However, some folks seem a bit confused where as the system and all it's elements are clearly explained in the original thread. Fellow boarders, please be advised that in case of such queries, please first read the system clearly from the original thread. Still if in case of doubt, do clarify by all means but first, get the real hand of the system from the original thread. Rest is all fine.
Waiting for the trades in the london session. Picked GbpCad and NZDUSD yesterday, still holding, going fine.

Regards, M.
There is no such thing as LUCK ! Chance favors the prepared mind.
  • #147
  • Jan 17, 2012 2:26am Jan 17, 2012 2:26am
GOLD anyone? did not quite make ADR High but Fib's no problem
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It takes a lot for me to IGNORE you, but you can try.
  • #148
  • Jan 17, 2012 2:59am Jan 17, 2012 2:59am
USDJPY short if price breaks through 76,50

Attached Image
  • #149
  • Jan 17, 2012 4:23am Jan 17, 2012 4:23am
Hi all,

what about JPY, it looks good.. it seems like a successfull TL break out on D1.

http://img20.imageshack.us/img20/6316/jpyw3.jpg
  • #150
  • Jan 17, 2012 8:40am Jan 17, 2012 8:40am
Hey Max,

I had the same problem and also I wrote in here, how to solve it. Anyway, you have to put Circ alerter on new window - write there "EURLFX,USDLFX...etc and set: Show current pair only and Autodetect above - to false. I hope it helped.

K
  • #151
  • Jan 17, 2012 8:58am Jan 17, 2012 8:58am
Quoting Kruspe
Hey Max,

I had the same problem and also I wrote in here, how to solve it. Anyway, you have to put Circ alerter on new window - write there "EURLFX,USDLFX...etc and set: Show current pair only and Autodetect above - to false. I hope it helped.

K

Thanks for your answer, problem solved.

Regards
Indicators always obey Price, not the other way.
  • #152
  • Jan 17, 2012 10:21am Jan 17, 2012 10:21am
It'd be much appreciated if you guys posted up some of your trades if you get any.

Right now I'm in 8 trades up about 200+ pips so far.. Not a bad start to the week. Most of the trades could have been long term from last week but still trying to get over the weekend gap and how to deal with drawdown near the end of the week since the market slows
  • #153
  • Jan 17, 2012 11:30am Jan 17, 2012 11:30am
Quoting Dyekid217
It'd be much appreciated if you guys posted up some of your trades if you get any.

Right now I'm in 8 trades up about 200+ pips so far.. Not a bad start to the week. Most of the trades could have been long term from last week but still trying to get over the weekend gap and how to deal with drawdown near the end of the week since the market slows
No trades.. Im still novice using this method; very cautious to trade BUY AUDUSD.
  • #154
  • Jan 17, 2012 12:21pm Jan 17, 2012 12:21pm
cool. when you get more comfortable you will be confident to pull the trigger.

I'm long on audusd right now for about 40+ pips so far
  • #155
  • Jan 17, 2012 2:09pm Jan 17, 2012 2:09pm
Quoting Demika
Quoting Daniil
If you want, you may change CICRAlerter to do not make calculations on zero bar.
To achieve which effect?
Arrows will be stable, but you will lose the dynamic. If new arrow appeared then it will not be changed until new bar (H4 bar for H4 arrow, MN bar for MN arrow etc).
For example, you may try modified CICRAlerter from attachment.
Attached File(s)
File Type: mq4 CICRAlerter_cons.mq4   19 KB | 478 downloads
  • #156
  • Jan 17, 2012 5:19pm Jan 17, 2012 5:19pm
I believe that dynamic is the ONLY way you should trade this method. All you need to do is pay attention throughout the week to get the overall direction. Mainly when you check the new 4 hr candles (recommend that you check 30 minutes before it closes)

being dynamic.. it will get you into the trades at the RIGHt oppurtunity.

Rely on the monthly weekly and daily candles. They will usually be going in the same direction.
  • #157
  • Jan 17, 2012 6:03pm Jan 17, 2012 6:03pm
also 1 other thing. When I am taking macd signals I always trust the one that is on the higher timeframe. NO MATTER WHAT.

This is momentum and obviously momentum over a longer period is more reliable than short term as you get a bigger movement.

7/8 of my current trades have been taken based off of weekly analysis. I will post some charts up when I get a chance
  • #158
  • Jan 17, 2012 6:54pm Jan 17, 2012 6:54pm
Quoting Dyekid217
also 1 other thing. When I am taking macd signals I always trust the one that is on the higher timeframe. NO MATTER WHAT.

This is momentum and obviously momentum over a longer period is more reliable than short term as you get a bigger movement.

7/8 of my current trades have been taken based off of weekly analysis. I will post some charts up when I get a chance
How closely are you following the cicr_system document? Please elaborate on your weekly analysis.

I am looking at your trade report/trade list. What day did you start using this method?

I am still working on getting the setup right.
  • #159
  • Edited 7:12pm Jan 17, 2012 6:57pm | Edited 7:12pm
there is Plenty of information regarding my trades.

I have only been using this system on my last two baskets. The first scored 1100 pips and this one is now up around 200 floating so the win percentage is alot higher than 58% which is my current since I have only been using it for 2 weeks and my account is 5 weeks old

Please demo test it. The only way you will learn a system is if you test it yourself. I recommend going through this entire thread thoroughly. Once it clicks in your head on how the market moves and why then you will already be successful

Like I said in one of my earlier posts there are many ways you can approach an entry.. just remember every trader is different so I believe once you find what works for you then you will bring in pips no matter what system you use
  • #160
  • Jan 17, 2012 7:18pm Jan 17, 2012 7:18pm
DK, you mentioned Basket of Currencies.
Do you mean that when you open positions, you'd trade a bunch of pairs same time as a group?

I only trade a few fqvorite pairs namely audusd, eurusd.. i see you trading even exotics

was that the real idea behind this basket?
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