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

  • #1,781
  • Sep 22, 2008 9:27pm Sep 22, 2008 9:27pm
Quoting Igrok
This one looks better. Where is the second one? Here it is but still makes no sense. I was talking only about the RIGHT part of it. From MID FEBRUARY into MID APRIL. Comprendo?
There are two different pictures there. Two different ones...
  • #1,782
  • Sep 22, 2008 9:32pm Sep 22, 2008 9:32pm
Quoting jupiter_peak
There are two different pictures there. Two different ones...
You seem to finally make me post my own chart. This is what I mean:
Attached Image (click to enlarge)
Click to Enlarge Name: Weekly CHF A0-FX.jpg Size: 84 KB
  • #1,783
  • Sep 22, 2008 9:50pm Sep 22, 2008 9:50pm
Quoting Igrok
You seem to finally make me post my own chart. This is what I mean:
Yeah...

I was still trying...

It's just that when I read your "final" post, it was too late...

Sorry.
  • #1,784
  • Sep 22, 2008 10:17pm Sep 22, 2008 10:17pm
Ok,

I got it.

This one is very tricky. Unlike others, it's rather small and one of the bars/candles penetrates one of the lines making it even harder (april 2nd.)


Having that said, the break wasn't made. How to play this tricky one?

Indeed, very tricky.

Cheers,
JP.
Attached Image (click to enlarge)
Click to Enlarge Name: usd_chf_wk_22_09_2008_diamond_double_diagonal_past_time_3.gif Size: 20 KB
  • #1,785
  • Sep 22, 2008 10:41pm Sep 22, 2008 10:41pm
Quoting jupiter_peak
Ok,

I got it.

This one is very tricky. Unlike others, it's rather small and one of the bars/candles penetrates one of the lines making it even harder (april 2nd.)


Having that said, the break wasn't made. How to play this tricky one?

Indeed, very tricky.

Cheers,
JP.
I don't know. By trials and errors I guess. The only way.
  • #1,786
  • Sep 22, 2008 10:46pm Sep 22, 2008 10:46pm
Quoting Igrok
I don't know. By trials and errors I guess. The only way.
Well,

Thank you very much for your time and patience.

Cheers.
JP.
  • #1,787
  • Sep 22, 2008 10:58pm Sep 22, 2008 10:58pm
Quoting jupiter_peak
Well,

Thank you very much for your time and patience.

Cheers.
JP.
It looks a bit better on daily though. But still irregular.
Attached Image (click to enlarge)
Click to Enlarge Name: Daily CHF A0-FX.jpg Size: 85 KB
  • #1,788
  • Sep 22, 2008 11:09pm Sep 22, 2008 11:09pm
Igrok,

How and where do u place your limit/stop entry for channels/TL trading ?

I know this qns is general.. but you would like to hear how u plan ahead for this type of trade.
Keep it simple and sweet !
  • #1,789
  • Sep 22, 2008 11:22pm Sep 22, 2008 11:22pm
Quoting k-i-s-s
Igrok,

How and where do u place your limit/stop entry for channels/TL trading ?

I know this qns is general.. but you would like to hear how u plan ahead for this type of trade.
I have just explained it on yesterday's example on 5 min and 1h EJ charts. I took most of the intraday trading range yesterday by buying at 153.86 with a limit order and taking profit at 156.39 manually. I posted it a couple of pages back. Post #1763.
  • #1,790
  • Sep 22, 2008 11:31pm Sep 22, 2008 11:31pm
Quoting Igrok
I have just explained it on yesterday's example on 5 min and 1h EJ charts. I took most of the intraday trading range yesterday by buying at 153.86 with a limit order and taking profit at 156.39 manually. I posted it a couple of pages back. Post #1763.

Ok. Thanks alot
Keep it simple and sweet !
  • #1,791
  • Sep 23, 2008 12:50am Sep 23, 2008 12:50am
Quoting Igrok
Just an example. Take a look how accurate and precise the 1h USD/JPY chart is. There is absolutely no need to trade with wide stops if you know how it works.
Igrok,
can I know what is the significance of that bottom TL if there since it cuts through some price bars in the middle.
Thanks!!
  • #1,792
  • Sep 23, 2008 12:57am Sep 23, 2008 12:57am
I've got an eery feeling that the market is getting set for a major USD comeback. I would say that there is a probability for a huge range today once again on majors and JPY crosses. If this is going to be the case then today's range on the USD/JPY might be something like 105.00 - 109.00.
But all of this is only a feeling without any reasonable explanations or confirmed trading signals.
  • #1,793
  • Sep 23, 2008 12:58am Sep 23, 2008 12:58am
Quoting jotty
Igrok,
can I know what is the significance of that bottom TL if there since it cuts through some price bars in the middle.
Thanks!!
I explained already. There was a minor short-term divergence targeting that particular price.
  • #1,794
  • Sep 23, 2008 1:08am Sep 23, 2008 1:08am
Quoting Igrok
I've got an eery feeling that the market is getting set for a major USD comeback. I would say that there is a probability for a huge range today once again on majors and JPY crosses. If this is going to be the case then today's range on the USD/JPY might be something like 105.00 - 109.00.
But all of this is only a feeling without any reasonable explanations or confirmed trading signals.

Does your major include AUD and CAD ??
Keep it simple and sweet !
  • #1,795
  • Sep 23, 2008 1:13am Sep 23, 2008 1:13am
Igrok,

When we have a gap opening on sunday, does your trade plan for the day usually involve the pair you are trading closing the gap at some point later on in the day.
Thanks!!!

Jotty
  • #1,796
  • Sep 23, 2008 1:43am Sep 23, 2008 1:43am
Quoting jotty
Igrok,

When we have a gap opening on sunday, does your trade plan for the day usually involve the pair you are trading closing the gap at some point later on in the day.
Thanks!!!

Jotty
Depends on the overall technical picture. In this case closing the gap first was a must.
  • #1,797
  • Sep 23, 2008 1:46am Sep 23, 2008 1:46am
Quoting k-i-s-s
Does your major include AUD and CAD ??
Yes. Perhaps AUD has the most interesting technical outlook at the moment. It is currently forming a symmetrical broadening triangle on daily. If it is to continue doing just that, then the next target might be somewhere at around .7660-70.
  • #1,798
  • Sep 23, 2008 3:17am Sep 23, 2008 3:17am
Quoting Igrok
I have just explained it on yesterday's example on 5 min and 1h EJ charts. I took most of the intraday trading range yesterday by buying at 153.86 with a limit order and taking profit at 156.39 manually. I posted it a couple of pages back. Post #1763.
hi Igrok,great thread,
can you enlarge on how you manage your positions?? do you trade the pair from line to line, if so how do you deal with the mid point in patterns where price can reverse? or is it more discretionary?? thanx
PATIENCE... DISCIPLINE
  • #1,799
  • Sep 23, 2008 3:33am Sep 23, 2008 3:33am
Hello Mr Igrok, hope you having a good time today.

Wanted to ask you what is your take on the USD/CAD. I might be observing a possible bullish divergence on the montly, targeting high of 2007 @ 1.1875
Price is inside a possible rising wedge formation on the weekly , as the descending weekly TL from 2002 held the rise and its comming down towards the wedges LTL. But it looks that it might not reach this TL due to support. On the monthly there might be a diamond like pattern, but i can be totally wrong. So i believe that price is going up. But once again...

Looking forward in hearing from you.

Cheers.

B.
  • #1,800
  • Sep 23, 2008 3:51am Sep 23, 2008 3:51am
Quoting belekas
Hello Mr Igrok, hope you having a good time today.

Wanted to ask you what is your take on the USD/CAD. I might be observing a possible bullish divergence on the montly, targeting high of 2007 @ 1.1875
Price is inside a possible rising wedge formation on the weekly , as the descending weekly TL from 2002 held the rise and its comming down towards the wedges LTL. But it looks that it might not reach this TL due to support. On the monthly there might be a diamond like pattern, but i can be totally wrong. So i believe that price is going up. But once again...

Looking forward in hearing from you.

Cheers.

B.
CAD is the most boring at the moment. Historically it's also the least volatile pair among majors. Have no idea what it is going to do near-term. On the very long run 1.42-43 is a must.
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