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

jupiter_peak,

For my understanding, how do u derive the entry price 105.39 for UJ ? Would love to see it from your perspective. Thanks.

My ADR for the past 20days is 160pips. I used the attachment for calculation

#19.6 on EUR/USD in play. Position was up 27 pips, mooved stop to b/e+2, and got stopped out in a quicky

Good day Mr Igrok. I wonder if theres a diamond on USD/NZD 1hr, with the confirmation of the right UTL in progress as i type. We have a perfect confluence of ADRmax @ 0.6910 and TL. Selling from the touch of the TL with SL above ADR make sense. Or it was just a broadening triangle and the moove will continue north. Also i see a narrow 1hr channel price is travelling up right now. What is your opinion if i may ask.

Cheers!

Well...

That is the "hard" part. My team(belekas and ulterior), we developed visual representation for those levels. We can know if the range was completed or not, see it expand and contract and also the actual weeks and monthly ranges. It seems pretty good. It is a proct developed by us.

It works great.


I posted a prototype a few days ago but no body seemed to care. So we went ahead and did our selves.

Best,
jp

selllimit missed by 2 pips, damn.

Do you wanna share ? Or i can PM you for more details ?

Looking at the price you entered, u have further reduced the risk mgt of you trade.

I'll Have to ask my partners for if they care.

I'll let you know at the soonest.

JP.

jupiter_peak (http://www.forexfactory.com/member.php?u=67731),

Thanks..

Also just finished reading "Currency Trader", July 2007 edition. Nice article Mr Igrok

Nice broadening triangle inside a wider descending formation. Anyone caught some moves inside?

Interesting chart on the monthly AUD/CAD pair. Maybe a possible diamond formation?

Hi fellow traders,

Being a conscient citizen of the world, I could not let this opportunity go by and not apologize to all of you for last weeks event.

I hereby also forward my deepest apologies to Blackinc and Ernesto.

Special apologies to Mr. Toshchakov and his thread.

As one of the precious posts stated: "We are all here joining forces to suck up some blood from the dealers/brokers".

So lets join forces.

Once again, my deepest apologies for the incovenience.

All the best to you all,

JP.

Hi JP,

Let's move on.

Any findings for us ?

I am still waiting for your answer in my PM..

I have compiled some data for Yearly Ranges on fiber. I collected data from the past 10 years and this year so far.

I will try and do the same for other pairs too.

Here are the numbers from my feed (pips):

1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008
2368 1790 1871 2191 1252 1923 2313 1906 1941 1543 2100 2136

AVG last 10 yrs 2120
AVG Last 5 Yrs 1961
Median 1923
I also post a line chart for the ranges. .

AVG High for the last 10 years: 1.3570;
AVG Low for the last 10 years: 1.1450.


This Months Range contributed to expand the YR range south by 467 pips.

Also, It seems that monthly range has expanded(accelerated)considerably these last two months (October & September). They are, 'till today, 1060 and 983 respectively. The average for this pair for the last 24 months is 491 pips.

In 2003 and 1997 were the only two years that had wider ranges in total if compared to this YTD.

Looking at the above numbers, it seems to me that we are pretty much done for this year on this particular pair.

Mr Toshchakov, would this assumption be an "educated" one?

Looking at the technical side, a break of a major TL on an ascending channel is still to be observed. However, if we get a fourth ( "Kiss od Death") touch on the TL this year, could we see a range expansion perhaps ~200 more pips?

On the other hand, we cannot be sure that we have completed the main diagonal inside what seems to be a broadening triangle (perhaps becoming a diamond). It looks very unlikely,to observe a rush of 2200+ pips in the next 3 months thus expanding the range towards the top.

So I must conclude that statistically, the odds are higher, that in case of expansion, we should see it on the downside?

USDx is a must for us as well since 57.6% of EU is composed by USDx. So here follows the numbers for USDx (points):

1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008
1367 1208 1148 1950 1325 1854 1697 1202 1142 876 1034 935

AVG last 10 yrs 1480
AVG Last 5 yrs 1190
Median 1854

80.41 is the High of the year.

Looking at the above data, it seems that USDx still has room to expand its range. It would make more sense to expand it north. If so, by correlation, this could (and I say could) make EU take its expansion further south thus breaking the channels LTL.

Any thoughts on how I could refine this search?

Does this all make sense?

Hope this helps.

Cheers,

JP.

That is some USD strenght @ the early monday morning in europe. On many pairs the ADR is already excessive and continues to expand meanwhile

No worries.

Good collation of info too.

Regarding range stats, some good info can be found at :


http://www.page88.co.za/cr/rangemenu.shtml

Thanks for your contribution BentRod. Meanwhile as most pairs already completed their ADR and even made it excessive. Do you think about taking any countertrades?

Gday Belekas,


Personally on days like Today when major news is imminent I'm learning to stand aside, unless an absolute cherry pops up.

What news are you reffering to?