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CICR system (Currency index cross referencing)

  • #1,641
  • Edited 1:38am Jan 15, 2012 1:23am | Edited 1:38am
Quoting Erebus
Just reading my way thru this thread & trying to understand the method. Now I keep seeing reference to 56 pairs; well, I wrote them all down and appears to me there are 56 positions in the index, but only 28 pairs

thats me dumbness personified. in anycase just pair them accurately and your pip gains will double triple in no time.. tx

P.S : please restrict to lower spread rate pairs when trading intraday
  • #1,642
  • Jan 15, 2012 1:26am Jan 15, 2012 1:26am
I will be starting weekend analysis purely based on weekly and monthly charts , just showing you support and resistance lines and where can you expect trades.
Obviously i wont be able to share all the analysis setups but a few yes since i need to be rational towards the subscribers.
  • #1,643
  • Edited 1:41am Jan 15, 2012 1:29am | Edited 1:41am
Nowadays i am purely trading intraday with the ATR projections and focusing breakout on 30 min or 1 hr..

example...
Attached Image(s) (click to enlarge)
Click to Enlarge Name: eu.png Size: 88 KB
Click to Enlarge Name: ct.png Size: 59 KB
  • #1,644
  • Jan 15, 2012 1:35am Jan 15, 2012 1:35am
ATR projection
Attached Image (click to enlarge)
Click to Enlarge Name: atr.png Size: 74 KB
  • #1,645
  • Jan 15, 2012 1:46am Jan 15, 2012 1:46am
Quoting Dyekid217
I also find that placing trades after the london session.. most of the move for the day is already completed
Moves after UK happens sometimes specially when any pair or a particular index is on lower or higher atr and the atr percent move for that index or pair is below 50 - 55% conservative approach but safe.
  • #1,646
  • Jan 15, 2012 2:54am Jan 15, 2012 2:54am
Quoting capito
Nowadays i am purely trading intraday with the ATR projections and focusing breakout on 30 min or 1 hr..

example...
Are the ATR projections made from the day's open at broker start of day?

How do you know it will reverse at the top or bottom of range?

I use 2 ADR indicators myself, both have different calculations, see this thread

http://www.forexfactory.com/showthread.php?t=332195
It takes a lot for me to IGNORE you, but you can try.
  • #1,647
  • Jan 15, 2012 3:26am Jan 15, 2012 3:26am
Quoting Erebus
Are the ATR projections made from the day's open at broker start of day?

How do you know it will reverse at the top or bottom of range?

I use 2 ADR indicators myself, both have different calculations, see this thread

http://www.forexfactory.com/showthread.php?t=332195
hello erebus, i recommend you to watch price and test this for a few days, please note its a dynamic indicator... and we are looking for reverals only once price enter the mentioned atr high or low zones. Important point is that the atr% should be within permissible limits ideally within 50 - 55%.

Use it on indexes not pairs, once you have indexes on top or low atr zones then you should be looking for trade setups on pairs for the particular index.

I actually intended to start a separate thread for atr projection based trading however i guess i cant open another thread hence i have detailed thread for atr projection on my site in f orum section.
  • #1,648
  • Jan 16, 2012 1:42am Jan 16, 2012 1:42am
Hi Captain.
Was awaiting your reply, glad to get it. I'm in Mumbai at the moment so if you PM me your mbl #, it'll be great as I have to go back soon and you'll be off on vacation too. Hope to meet up before that. Thanks.

Skyzer: Hi there. Hope this is the visual order EA you were looking for some time back, plain vanilla flavor was required I guess. Let me know. I found the other one in that referance as well but have yet to trade with it.

Regards, McNish.
There is no such thing as LUCK ! Chance favors the prepared mind.
  • #1,649
  • Jan 16, 2012 1:47am Jan 16, 2012 1:47am
Here they are, missed it in the last one.
Attached File(s)
File Type: ex4 e-MoveSLTPbyMouse.ex4   12 KB | 259 downloads
File Type: mq4 e-MoveSLTPbyMouse.mq4   16 KB | 347 downloads
There is no such thing as LUCK ! Chance favors the prepared mind.
  • #1,650
  • Jan 17, 2012 3:27am Jan 17, 2012 3:27am
Seems to be a fine strategy, thanks to capito! Nevertheless I still have two questions:

1st: the arrow-value is calculated by an RSI(3) and depends on the direction an current position of this RSI but the arrwos are showing a long signal if the RSI value is in a high zone and vice versa. Can't understand that because if the RSI is already high why should you go long at this point?

2nd: I've asked this in the continuation of this thread ("Long Term CICIR") but didn't get a clear answer so I've just copied and modified my question:

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: Two minutes minutes ago I looked at the indices and saw this situation which indicates a clear short in USDJPY:

Attached Image


Now just two minutes later it looks like this:

Attached Image


Not a short anymore, right? So is it just random which trades are entered, depending on wether you look now at the charts or in a few minutes?
  • #1,651
  • Jan 17, 2012 3:46am Jan 17, 2012 3:46am
Quoting Demika
Seems to be a fine strategy, thanks to capito! Nevertheless I still have two questions:

1st: the arrow-value is calculated by an RSI(3) and depends on the direction an current position of this RSI but the arrwos are showing a long signal if the RSI value is in a high zone and vice versa. Can't understand that because if the RSI is already high why should you go long at this point?

2nd: I've asked this in the continuation of this thread ("Long Term CICIR") but...
YEN pairs not much since intervention, CHF also

Are you looking at actual pairs chart also?

Find a better looking chart - see below!

It is longer term method, or if used inter-day, only look at the short time RSI arrows
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 0018.png Size: 41 KB
Click to Enlarge Name: 0019.png Size: 45 KB
It takes a lot for me to IGNORE you, but you can try.
  • #1,652
  • Jan 17, 2012 4:10am Jan 17, 2012 4:10am
Quoting Erebus
YEN pairs not much since intervention, CHF also

Are you looking at actual pairs chart also?

Find a better looking chart - see below!

It is longer term method, or if used inter-day, only look at the short time RSI arrows
Sure I'm looking at the pair charts but only if the index signifies a trend. So if e.g. EURLFX weakens while CHFLFX and NZDLFX arrows (H1 to W1) are blue I'll switch to the EURCHF and EURNZD charts.

I do not use it intraday but on H4 charts but one main rule is that all arrows must be lined up in one direction (for me H1 - W1 is enough) so my question still is not answered: since the arrows are moving so fast isn't it random whether you get a long, short or neutral signal?!
  • #1,653
  • Jan 17, 2012 4:11am Jan 17, 2012 4:11am
Quoting Demika
Seems to be a fine strategy, thanks to capito! Nevertheless I still have two questions:

1st: the arrow-value is calculated by an RSI(3) and depends on the direction an current position of this RSI but the arrwos are showing a long signal if the RSI value is in a high zone and vice versa. Can't understand that because if the RSI is already high why should you go long at this point?

2nd: I've asked this in the continuation of this thread ("Long Term CICIR") but...
Hello,

A lot depends on what timeframe you trade normally also on time frame do you watch price action example....
if you are a long term trader you should be too concerned about h1, h4 you should be more interested in the candle of the daily weekly and mn.
i recommend you watch the individual candle actions on longer tf's
  • #1,654
  • Jan 17, 2012 4:13am Jan 17, 2012 4:13am
Quoting capito
Hello,

A lot depends on what timeframe you trade normally also on time frame do you watch price action example....
if you are a long term trader you should be too concerned about h1, h4 you should be more interested in the candle of the daily weekly and mn.
i recommend you watch the individual candle actions on longer tf's
Also i am more active on my forum @ forexmechanics since its easier to answer queries there.
I intented to start more threads like atr projections, index breakouts with trendlines but unfortunately i cant have more threads in FF for some reason dont know why ?
hence more active on my site.

thanks
  • #1,655
  • Jan 17, 2012 5:02pm Jan 17, 2012 5:02pm
Hi Capito,

Firstly, I want to thank you for sharing this system.
You have mentioned EUR CT in your picture, May I know what does "CT" stand for ?

Thanks

Quoting capito
Nowadays i am purely trading intraday with the ATR projections and focusing breakout on 30 min or 1 hr..

example...
  • #1,656
  • Jan 17, 2012 5:09pm Jan 17, 2012 5:09pm
Quoting sapiemas
Hi Capito,

Firstly, I want to thank you for sharing this system.
You have mentioned EUR CT in your picture, May I know what does "CT" stand for ?

Thanks
Normally CT means Counter Trend but I'm not sure of the context where you saw it used...
It takes a lot for me to IGNORE you, but you can try.
  • #1,657
  • Jan 17, 2012 6:13pm Jan 17, 2012 6:13pm
Thank you Erebus,

the picture is from page 110, post #1643

Quoting Erebus
Normally CT means Counter Trend but I'm not sure of the context where you saw it used...
  • #1,658
  • Jan 19, 2012 6:58am Jan 19, 2012 6:58am
Hello George,
A good addition to the toolbox. Can you also elaborate as to what to look for precisely and what can be given a skip. Much Help. Keep it up. I'm sure members will pick what's of value in it.

M.
There is no such thing as LUCK ! Chance favors the prepared mind.
  • #1,659
  • Jan 19, 2012 8:33am Jan 19, 2012 8:33am
Quoting McNish
Hello George,
A good addition to the toolbox. Can you also elaborate as to what to look for precisely and what can be given a skip. Much Help. Keep it up. I'm sure members will pick what's of value in it.

M.
Hello McNish,

Yes I believe this will be a good addition to any trader's toolbox but I want to respect Capito and let him approve the inclusion of the spreadsheet before I make further comments as I trade slightly different but we have very similar method. Meanwhile I have attached the current spreadsheet & possible trades which I believe is self explanatory. If he approves, I will use his template to explain how I use the SS but it is simple just as his system.

Thank you

George
Attached File(s)
File Type: pdf CSM Spreadsheet Signals.pdf   653 KB | 3,263 downloads
Low Risk Low Stress High Reward High Probability Trades
  • #1,660
  • Jan 19, 2012 8:47am Jan 19, 2012 8:47am
Hi George,

Thanks for sharing.
There are two sets of currency groups. Could you expand on both pls.

Next , you take the trade purely on the CSM signal arrow? Which i assume gives the up/ down direction as well...( right now all horizontal )

thanks

Quoting 919gilead
Hi Capito,

It is the CSM signal that confirms what the groups are saying, by giving the signal to buy or sell.
l

George
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