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

  • #1,381
  • Aug 21, 2008 8:03am Aug 21, 2008 8:03am
So far the weekly range on the swissy has been too short. Making a new low of the week is likely to be followed by some decent extension. 1.0700-40 level looks like a good near-term target.
  • #1,382
  • Aug 21, 2008 8:11am Aug 21, 2008 8:11am
I'm short from 109.10, see how it goes getting through that descending trendline it sitting on now.
  • #1,383
  • Aug 21, 2008 8:19am Aug 21, 2008 8:19am
Quoting BentRod
I'm short from 109.10, see how it goes getting through that descending trendline it sitting on now.
That line seems to be the lower border of an expanding triangle. The similar one just got broken on the EUR/USD. Swissy is likely to follow.
  • #1,384
  • Aug 21, 2008 8:23am Aug 21, 2008 8:23am
Missed a possible 19.13 on EURAUD 4 hour chart (although it looks rather messy?)
  • #1,385
  • Aug 21, 2008 8:27am Aug 21, 2008 8:27am
Quoting BentRod
Missed a possible 19.13 on EURAUD 4 hour chart (although it looks rather messy?)
Not watching it. More interested in JPY crosses now.
  • #1,386
  • Aug 21, 2008 9:57am Aug 21, 2008 9:57am
Quoting BentRod
I'm short from 109.10, see how it goes getting through that descending trendline it sitting on now.
Hi Bentrod,

just wondering.....did you take the swissy trade on the break of todays earlier low and the bottom trend line of the diamond, or for another reason?

Cheers
  • #1,387
  • Edited 10:28am Aug 21, 2008 10:09am | Edited 10:28am
Gday Mozzie.

Yes that is exactly why I took the trade.

Also as Igrok mentioned, the weekly range was tight.

By entering on a break of the daily bar I was trading with the MMOTD and it wasn't to far untill I would be trading with the MMOTW, should that be broken.
  • #1,388
  • Aug 21, 2008 10:15am Aug 21, 2008 10:15am
Quoting BentRod
Gday Mozzie.

Yes that is exactly why I took the trade.

Also as Igrok mentioned, the weekly range was tight.

By entering on a break of the daily bar I was trading with the MMOTD and it wasn't to far untill I would be trading with the MMOTW.

I'm sorry what is MMOTD and MMOTW
  • #1,389
  • Aug 21, 2008 10:15am Aug 21, 2008 10:15am
Quoting Igrok
I often know where the intraday stops of the big guys are and place my limits there or right behind.
Igrok,

How do u determine the intraday stops of the big guys ? From the charts or contacts within the industry ?
Keep it simple and sweet !
  • #1,390
  • Aug 21, 2008 10:18am Aug 21, 2008 10:18am
Quote
I'm sorry what is MMOTD and MMOTW

Main Move Of The Day-Week
  • #1,391
  • Aug 21, 2008 10:26am Aug 21, 2008 10:26am
Quoting k-i-s-s
Igrok,

How do u determine the intraday stops of the big guys ? From the charts or contacts within the industry ?
Contacts. But very often their stops are quite obvious. They mostly trade by the same assumptions like everyone else around.
  • #1,392
  • Aug 21, 2008 11:15am Aug 21, 2008 11:15am
Hi Bentrod,

Thanks for the explanation, seems like common sense to me, just a few other things, if you don't mind.

So your target is the weekly range around 1.0700 (as Igrok mentioned) which also concides with a rising trend line form the weekly lows of 15thJuly & 22nd July, and would be a third touch, and therfore could bounce or break. If of course we break through the current level (4th touch of rising 4hr trend line @ 1.0840).

Also in favour of the trade is that we have reached or exceeded the monthly range, therefore the upside is limited.

So if my understanding is right so far, your stops would of been set at around 1.0970 (last intraday high), and would you be trailing the stops around 100pips for saftey.

Cheers mate.
  • #1,393
  • Aug 21, 2008 11:49am Aug 21, 2008 11:49am
Gday Mozz,

Quote
seems like common sense to me
Same here, exactly why I like Igrok's Methodology.

Quote
concides with a rising trend line
I can't see that trendline. From here it looks like it goes straight through the low of the 16th?

Quote
So if my understanding is right so far, your stops would of been set at around 1.0970 (last intraday high), and would you be trailing the stops around 100pips for saftey.
Mine was a bit tighter than that.(Don't tell the Boss)

Quote
Also in favour of the trade is that we have reached or exceeded the monthly range, therefore the upside is limited.
I wasn't really thinking about monthly as I will probably close it out tomorrow(if I don't get stopped out)
  • #1,394
  • Aug 21, 2008 1:07pm Aug 21, 2008 1:07pm
Quoting Igrok
Not watching it. More interested in JPY crosses now.
Are you looking for a reason to get out or go in?

I'm a bit annoyed some of them ran away without too much proper a heads up(to me).
Trust price. Know yourself.
  • #1,395
  • Aug 21, 2008 1:45pm Aug 21, 2008 1:45pm
Quoting SeekingLight
Are you looking for a reason to get out or go in?

Don't know yet. Will see.
  • #1,396
  • Aug 21, 2008 2:45pm Aug 21, 2008 2:45pm
Igrok



I would like to thank you again for this great thread. I hope you don't close it too soon as per your previous post.

spasibo za vashe vremia
  • #1,397
  • Aug 21, 2008 3:03pm Aug 21, 2008 3:03pm
Quoting fxprocessor
Igrok
I would like to thank you again for this great thread. I hope you don't close it too soon as per your previous post.

spasibo za vashe vremia
Welcome.
  • #1,398
  • Aug 21, 2008 3:06pm Aug 21, 2008 3:06pm
It seems EUR/USD can make another couple of hundred pips to around 1.51 before considering entering some shorts.
  • #1,399
  • Aug 22, 2008 1:28am Aug 22, 2008 1:28am
Hi Igrok

Can you look at my chart and see if this is a diamond and would this have been the right way to trade it
Attached Image (click to enlarge)
Click to Enlarge Name: diamond.gif Size: 17 KB
  • #1,400
  • Aug 22, 2008 1:31am Aug 22, 2008 1:31am
Quoting Igrok
It seems EUR/USD can make another couple of hundred pips to around 1.51 before considering entering some shorts.
Hi Igrok,

I am studying your templates, and wondering is today a good example for use of template 18.2b on the EURO/USD, if we break the high..

Cheers
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