Intraday CICR (Cross index currency referance) trading | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Looking for Death Cross and Golden Cross indicators 4 replies

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

Long Term CICR (Cross index currency referance) trading 240 replies

Dyekid217 Trading relative strength and CICR 0 replies

Royal Cross/Fresh Cross 7 replies

Attachments: Intraday CICR (Cross index currency referance) trading
Exit Attachments

Intraday CICR (Cross index currency referance) trading

  • #1
  • First Post: Jan 18, 2012 8:17pm Jan 18, 2012 8:17pm
Starting an intraday thread for the CICR method.

There is a long term thread already (http://www.forexfactory.com/showthread.php?t=336094) and we don't want to mix long term and intraday. Anyone new to CICR should read the long-term thread first before coming here.

Please post here intraday CICR only.
  • #2
  • Jan 18, 2012 8:59pm Jan 18, 2012 8:59pm
Thanks for start this thread,

I'm in, this is great system, gives clear entry, stop loss & profit targets - for Regular Trade which is mainly what I do.

Not dependent on any chart pattern or time frame either! Easy to analyse the bigger time frames for direction bias but doesn't mean the intraday trade won't be opposite.

I also use ADR and watch Price Action closely, here is the chart for EUR_USD, usually good to see a close at high of day, but let's see what happens later.

Also, the Index chart of EUR on daily basis to show the recent strength, is it retrace or start of long term trend, no one knows, but you can see how quickly it can go back down!

Attached Image(s) (click to enlarge)
Click to Enlarge Name: 0021.png Size: 64 KB
Click to Enlarge Name: 0022.png Size: 63 KB
It takes a lot for me to IGNORE you, but you can try.
  • #3
  • Jan 18, 2012 10:33pm Jan 18, 2012 10:33pm
USD Index is down, CAD Index is up, can it be that easy?
Attached Image (click to enlarge)
Click to Enlarge Name: 0023.png Size: 73 KB
It takes a lot for me to IGNORE you, but you can try.
  • #4
  • Edited 12:51am Jan 19, 2012 12:20am | Edited 12:51am
Hello Guys,
Now we have the CICR System, Long Term, Intra Day and the FXMechanics all up and running. Wondering where to Post, LOL !! Well Done.

For UC, we'll have to wait for the London Open.

Regards, M ,
There is no such thing as LUCK ! Chance favors the prepared mind.
  • #5
  • Jan 19, 2012 3:24am Jan 19, 2012 3:24am
Please explain the intraday system or newbi please.
Aut cum scuto, aut in scuto
  • #6
  • Jan 19, 2012 2:36pm Jan 19, 2012 2:36pm
long term and intraday are very different and should be kept that way
  • #7
  • Jan 19, 2012 4:03pm Jan 19, 2012 4:03pm
No stopping the EURO !!!!

Again it has closed near the top of yesterday range, which was 128 and ADR(14) is 133 so currently trading normal daily ranges.

I am experiment with watching for 50% & 100% expansion of previous day range, in conjunction with close watch of ADR, see chart, should be in trade already according to system but too late and I think there will be some dip to allow entry later.

I wanted 1 to 1 Risk Reward so need to see the 150 level, and I though why limit to the 161.8 Fib level? Go for the 200%, oh yeah.

Attached Image (click to enlarge)
Click to Enlarge Name: 0026.png Size: 90 KB
It takes a lot for me to IGNORE you, but you can try.
  • #8
  • Jan 21, 2012 5:53pm Jan 21, 2012 5:53pm
Quoting profitmonit
Please explain the intraday system or newbi please.
Please read the other threads, basically, trade the strongest currency (based on it strength vs a basket of 7 pairs) against the weakest currency.

There are no trade entry price per se, you must have your own method for this, eg. breakout of yesterday's high or low, or 4 hour high or low, something like that.

There are various ways to gauge the strength, here is the LiteForex Index chart for the GBP, as we NOW know it had huge day on Friday.

And a same thing in spreadsheet found on other thread, note the signal for GBP-USD, sure be watching this indicator next few weeks.

Attached Image(s) (click to enlarge)
Click to Enlarge Name: 22-01-2012 9-42-26 AM.png Size: 61 KB
Click to Enlarge Name: 0027.jpg Size: 163 KB
It takes a lot for me to IGNORE you, but you can try.
  • #9
  • Jan 21, 2012 6:59pm Jan 21, 2012 6:59pm
Great post John

Quoting Erebus
Please read the other threads, basically, trade the strongest currency (based on it strength vs a basket of 7 pairs) against the weakest currency.

There are no trade entry price per se, you must have your own method for this, eg. breakout of yesterday's high or low, or 4 hour high or low, something like that.

There are various ways to gauge the strength, here is the LiteForex Index chart for the GBP, as we NOW know it had huge day on Friday.

And a same thing in spreadsheet found on other thread, note the signal for GBP-USD, sure...
Low Risk Low Stress High Reward High Probability Trades
  • #10
  • Jan 21, 2012 7:03pm Jan 21, 2012 7:03pm
For those interested in the CSM spreadsheet, the original spreadsheet without the additions I made to it, is at this thread, and you can download it there.

Great week end all

George
Low Risk Low Stress High Reward High Probability Trades
  • #11
  • Jan 21, 2012 7:27pm Jan 21, 2012 7:27pm
For those that downloaded the CSM Spreadsheet, Erebus just discovered errors in some cells; so please go to columns P & Q, for EURNZD & EURUSD and check rows 4 - 7 and you will see that it is picking GBPNZD & GBPCAD instead of EURNZD & EURUSD. Just press the F2 key on your keyboard and make the corrections, and everything should be fine. Erebus also had issues with some other cells which are not on mine; therefore if you have cells that are showing N/A or ###, just press F2 and make the correction(s).

And with that correction, you will find an additional useful tool on the spreadsheet, right under the bar and bubble charts - the relative strength. Watch it as you trade during the week, and it should give additional confirmation for potential trades.

Good trading to all

George
Low Risk Low Stress High Reward High Probability Trades
  • #12
  • Jan 22, 2012 1:14am Jan 22, 2012 1:14am
Quoting 919gilead
For those that downloaded the CSM Spreadsheet, Erebus just discovered errors in some cells; so please go to columns P & Q, for EURNZD & EURUSD and check rows 4 - 7 and you will see that it is picking GBPNZD & GBPCAD instead of EURNZD & EURUSD. Just press the F2 key on your keyboard and make the corrections, and everything should be fine. Erebus also had issues with some other cells which are not on mine; therefore if you have cells that are showing N/A or ###, just press F2 and make the correction(s).

And with that correction, you will find an...
Or they could PM me. Here is the Friday chart for GBP-USD and part of the spreadsheet. I have checked and compared my ADR with each of the 28 currency pairs and they match 100%
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 0028.png Size: 70 KB
Click to Enlarge Name: 0029.jpg Size: 100 KB
It takes a lot for me to IGNORE you, but you can try.
  • #13
  • Jan 22, 2012 6:06pm Jan 22, 2012 6:06pm
Quoting Erebus
Or they could PM me. Here is the Friday chart for GBP-USD and part of the spreadsheet. I have checked and compared my ADR with each of the 28 currency pairs and they match 100%
Hi Erebus,

Which indicator had you attached to your charts (at the lower part) ? Could you post it ? And which template are you using ? Thanks in advance.
  • #14
  • Jan 22, 2012 6:12pm Jan 22, 2012 6:12pm
Quoting effluvium
Hi Erebus,

Which indicator had you attached to your charts (at the lower part) ? Could you post it ? And which template are you using ? Thanks in advance.
Not sure where you mean? Better description please.

Unless you mean the yellow part? that is spreadsheet which I mentioned.
It takes a lot for me to IGNORE you, but you can try.
  • #15
  • Jan 29, 2012 7:02pm Jan 29, 2012 7:02pm
I have studied every strength or parallel/inverse tool I could find and this one is very nice. Alas, I was asleep at the switch when it was released.

So far, no one has posted a chart with it along with the Lawgirl/Capito indicator showing all the indexes so comparison takes some work. Using post #8, I noticed the following using daily arrows only:

GBPLFX is up showing that GPB is strong.
EURGBP is down showing that EUR is weak.
GPBAUD is down showing that AUD is very strong.
GBPCAD is up showing that CAD is weak.
GPBCHF is up showing that CHF is weak.
GBPJPY is weakly up showing that JPY is somewhat strong.
GBPNZD is level showing that NZD is strong.
GBPUSD is up showing that USD is weak.

A lot like your spreadsheet though not so precise.

Dick
  • #16
  • Jan 30, 2012 4:12am Jan 30, 2012 4:12am
Quoting drloyd
I have studied every strength or parallel/inverse tool I could find and this one is very nice. Alas, I was asleep at the switch when it was released.

So far, no one has posted a chart with it along with the Lawgirl/Capito indicator showing all the indexes so comparison takes some work. Using post #8, I noticed the following using daily arrows only:

GBPLFX is up showing that GPB is strong.
EURGBP is down showing that EUR is weak.
GPBAUD is down showing that AUD is very strong.
GBPCAD is up showing that CAD is weak.
GPBCHF is up showing...
Thank you Dick. I don't trade exactly the way Capito outlined in the main thread but do something very similar. It is therefore difficult for me to contribute meaningfully without disrespecting the owner(s) and probably followers of the thread by posting with different indicators. This is why I cannot post charts as I'm an Ichimoku trend trader and don't use the same indicators you guys use. I have however learnt one or two things and incorporated same into my trading for more optimal result(s).

But I'm glad you guys find the spreadsheet useful/helpful and in agreement with your system, which is my joy.

George
Low Risk Low Stress High Reward High Probability Trades
  • #17
  • Jan 31, 2012 12:12pm Jan 31, 2012 12:12pm
Hello Guys,
Does anyone else notice a missing data on the EURLFX, GBPLFX and CHFLFX on the SIG Trader MT4? If so, How can we fill this data, any update from the server or anything?
Thanks, M.
There is no such thing as LUCK ! Chance favors the prepared mind.
  • #18
  • Jan 31, 2012 2:47pm Jan 31, 2012 2:47pm
hey guys posted my volume intraday system on forexmechanics.

please check it out i've had a good amount of success in the short time applying its principles
  • #19
  • Jan 31, 2012 3:54pm Jan 31, 2012 3:54pm
Quoting drloyd
I have studied every strength or parallel/inverse tool I could find and this one is very nice. Alas, I was asleep at the switch when it was released.

So far, no one has posted a chart with it along with the Lawgirl/Capito indicator showing all the indexes so comparison takes some work. Using post #8, I noticed the following using daily arrows only:

GBPLFX is up showing that GPB is strong.
EURGBP is down showing that EUR is weak.
GPBAUD is down showing that AUD is very strong.
GBPCAD is up showing that CAD is weak.
GPBCHF is...
Here is what I use, only opportunity I see is the AUD weakening, maybe trade against GBP or JPY ??? maybe USD if it strengthens???
Attached Image (click to enlarge)
Click to Enlarge Name: 0034.jpg Size: 163 KB
It takes a lot for me to IGNORE you, but you can try.
  • #20
  • Jan 31, 2012 3:57pm Jan 31, 2012 3:57pm
Quoting McNish
Hello Guys,
Does anyone else notice a missing data on the EURLFX, GBPLFX and CHFLFX on the SIG Trader MT4? If so, How can we fill this data, any update from the server or anything?
Thanks, M.
NO, not seeing that, in fact, this seems to be one of the fastest loading charts from any broker that I have ever seen.

Try switching time frames & then press the HOME key to force it to load data, good luck

It takes a lot for me to IGNORE you, but you can try.
0 traders viewing now