Igrok Method. Q's & A's. Comments, thoughts and ideas

EURGBP probably diamond

Another candidate but beeing on h4 makes it unreliable. In case of move up test of 111 gap/tl could be seen. In case of a downside continuation of a MMY I suppose

possible correction looking at DAX but may spike up to 100 level I have a gap on this chart

The COMB but against the MMW

Baby dmt and 18.4 weekly

EURCHF looks like a squeeze in triangle and gap at 1.07

Sighted two unwanted intraday price movements recently. How to predict these actions beforehand?

The first drawing is widening formation most o the time it will contribute to a SL hardest to trade. But there is several thing can be taken in to a consideration on a intrday hit and run type of trading IMHO first take trade in the direction of a previous days move secondly get a hell out if its nearly at the days range and has formed V type formation you could of been ok in the first scenario.
In the second case 18.4 at the beginning of the day again with profit taking at nearly days range and forming a V bottom in direction of a previous days move would of triggered a second trade if you have balls for it.

In any case you need to outline rules for your trading system or plan for the day by taking in to consideration picture beeping painted by the market and if you get stopped out its just fine no need to be afraid of the stops as long as statistical advantage is on your side you will bit the bastard. There are many tips and Technics explained in Igroks book and his posts just keep on re reading and apply it to the market your eyes will open one day.

Interesting, I didn't recognize that situation on 02.10.2019 as early morning #18.4. Thanks.

Oil

GBP/USD daily. Diamond or inclined triangle?

Hi Igrok,

Could you share your projections about currency pairs in your radar for the rest of the year.

Regards,
Jef

Take a look at eur/usd intraday. Two days in a row where 18.4 (the first one you draw in red) took place.

Many years ago Igrok said that the market is very precise. It took me many years to fully understand it myself. And its not only the FX market. I have seen many beautiful patterns in the crypto market, too.

Here is textbook triangle on a crypto called Theta Token:

How are you all doing? Hope you are healthy and safe.

Beautiful flat surface on DXY today:

Hi guys, does anyone has a copy of the last book of Igor R. Toshchakov - The Art of Forex Trading: Advanced Chart Reading and Trade SetUps?

https://www.amazon.ca/Art-Forex-Trading-Advanced-Reading/dp/0470918047

No, don´t believe he has published it yet.

Apologizes if it’s the wrong thing to post it here,
Hello traders,
I believe you all know that risk and money management along with psychology are the keys to success in trading. No matter how strong one’s strategy is without these 3 criteria they will always face losses in the long run.
I have created an EA to control our human behaviors. This EA will force us to be discipline exactly the way you will set. For examples,
1. If you set the maximum trades in a day= 3. You won’t be able to take any more trades in that day if you have already taken 3 entries,
2. If you set the maximum lot size for a particular instrument like GBPUSD=0.5 lot, you won’t be able to trade with bigger lot than 0.5, (You can set the maximum lot for every single pair/instrument independently since not all forex pair/indices/equities/shares don’t have same pip value),
3. You can set the maximum loss in a day based on account percentage and if it hits the maximum loss in that day, it will close all positions and won’t allow you opening anymore trade on that day.
4. You can set a maximum profit target for a single instrument and it will close that trade once that single trade hits the profit target, it won’t interfere any other opened trades.
The EA is great (almost all prop firm accepts it) but if you can’t control your behaviors chances are you won’t be able to control the EA and change the parameter frequently (Psychological issue) which will defeat the purposes of the EA. So, I am keeping the control of the EA in my VPS for you so that even if you want to change the parameter you won’t be able to do so.
Once you set the parameters and put the EA on my VPS, there will be locked-in period of 15 days, withing this 15 days even if you tell me to change the parameter, I won’t change it. You can change it only 15 days later.
I believe if one can control these 4 things below, they can be profitable with almost every strategy:
1. Over lot,
2. Over trading,
3. Letting losses run,
4. Not taking profit even after enough RR.
My EA will ensure that you won’t be able to do any of the those above and I can guarantee you that you will make money in the long run when you are not risking too much in a single trade, not over trading and not letting the losses run for long.
I am using MetaTrader VPS which is the highest in quality with-
1. 24/7 days run time,
2. Analysis delays: less than 1 milliseconds.
3. Ping to broker: less than 5 milliseconds.
It costs me 15$ per month for VPS+ EA cost + Maintenance cost as it takes several hours extensive and prudent work every day.
If you are interested, please subscribe my thread dedicated to this EA: https://www.forexfactory.com/thread/post/13958759
You can have my service for only 20$ per month. (If anyone has any money issue, I will consider that. Some of my clients are using my service for free who are in short of money).
Thanks, happy trading.