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

  • #2,581
  • Jan 5, 2009 5:16pm Jan 5, 2009 5:16pm
Quoting aediaz1
Yes but your brain seems to be 1 minute faster than mine lol !
I just type quicker
  • #2,582
  • Jan 6, 2009 6:14am Jan 6, 2009 6:14am
Quoting Blackinc
I just type quicker
I'll give you that

Seems like we had almost the same setup on usd/jpy (as yesterday's 18.b). A question could be raised if the breakout happen too early but since the template have European session from 06.00-1500, it still represented a fair setup, IMO.

Looking at usd/chf, price could form broadening pattern whereas a short from 4h TL (red) with tight SL seems like an setup, IMO.
Attached Image (click to enlarge)
Click to Enlarge Name: usdchf.jpg Size: 90 KB
Measure twice, cut once
  • #2,583
  • Jan 6, 2009 6:27am Jan 6, 2009 6:27am
Quoting aediaz1
I'll give you that

Seems like we had almost the same setup on usd/jpy (as yesterday's 18.b). A question could be raised if the breakout happen too early but since the template have European session from 06.00-1500, it still represented a fair setup, IMO.

Looking at usd/chf, price could form broadening pattern whereas a short from 4h TL (red) with tight SL seems like an setup, IMO.
And theres another line there in conf with the desc 4hr TL you outlines right there @ 1.4555 Also huge bearish HD divergence on the dayly
Attached Image (click to enlarge)
Click to Enlarge Name: swissey_h4_tls_060109.jpg Size: 110 KB
  • #2,584
  • Jan 7, 2009 9:22am Jan 7, 2009 9:22am
Seems like 18.5b (session template) straight from the textbook on aud/usd. Unluckily, I discovered it 0.1 sec too late. Confluence with divergence on larger TF.
Attached Image (click to enlarge)
Click to Enlarge Name: 18.5b.jpg Size: 117 KB
Measure twice, cut once
  • #2,585
  • Edited 4:52am Jan 8, 2009 4:36am | Edited 4:52am
Quoting aediaz1
Didn't trade it since it doesn't really look like any diamond. Ironically, it would have turned out profitable, but it doesn't matter. We'll see plenty of them (hopefully) this year and I rather trade 1 pattern that seems obvious and where my confidence shines

Indeed it was a diamond on cable. I bought it at the very bottom of the last internal diagonal at 1.4506 and has already closed the position yesterday at 1.5216. The only trade I have made so far this year. Quite an obvious one, on my opinion.

Update: It seems that my charts look different as I was still receiving the feed over the Christmas and the first of January. Therefore for me it was much easier to identify the pattern correctly.
  • #2,586
  • Jan 8, 2009 4:41am Jan 8, 2009 4:41am
Quoting aediaz1
Seems like 18.5b (session template) straight from the textbook on aud/usd. Unluckily, I discovered it 0.1 sec too late. Confluence with divergence on larger TF.
aediaz1 - that would have been a great trade. On todays chart AUDUSD looks like it could be an 18.3a template trade. The only thing is the market was drifting slowly downward until about 07:30 GMT when it dropped about 70 pips in half an hour, which maybe means 18.3a no longer applies.
Looking at the H1 chart I think 19.8b could apply with a buy order at the 7020 level.
I'm going to give it a try - entry stop at 7025 and stop loss at 7005.
If it breaks out and up in the next hour or so then ca. 150 - 200 pips should be the probable gain.
  • #2,587
  • Jan 8, 2009 4:59am Jan 8, 2009 4:59am
Quoting Igrok
Indeed it was a diamond on cable. I bought it at the very bottom of the last internal diagonal at 1.4506 and has already closed the position yesterday at 1.5216. The only trade I have made so far this year. Quite an obvious one, on my opinion.

Update: It seems that my charts look different as I was still receiving the feed over the Christmas and the first of January. Therefore for me it was much easier to identify the pattern correctly.
I had a feeling my feed was all messed up again. I saw how beautiful price channeled inside the pattern but the whole picture didn't make any sense on my chart, making me leave it. Can't wait till I get my hands on some professional software.
Measure twice, cut once
  • #2,588
  • Jan 8, 2009 5:07am Jan 8, 2009 5:07am
Quoting HapaSasa
aediaz1 - that would have been a great trade. On todays chart AUDUSD looks like it could be an 18.3a template trade. The only thing is the market was drifting slowly downward until about 07:30 GMT when it dropped about 70 pips in half an hour, which maybe means 18.3a no longer applies.
Looking at the H1 chart I think 19.8b could apply with a buy order at the 7020 level.
I'm going to give it a try - entry stop at 7025 and stop loss at 7005.
If it breaks out and up in the next hour or so then ca. 150 - 200 pips should be the probable gain.
The range on aussy seems too large for applying 18.3, for me at least.

Doesn't seem like any channel yet, as none of the boarders have been confirmed (3 touches).
Measure twice, cut once
  • #2,589
  • Jan 8, 2009 5:09am Jan 8, 2009 5:09am
Welcome back Igrok and good luck in 2009
  • #2,590
  • Jan 8, 2009 5:14am Jan 8, 2009 5:14am
Eur/gbp is giving a second chance on 18.3a. A relative tight SL makes sense on 15m chart, but rate-announcement in less than an hour makes me skip this setup.

Would you consider this as an trade, based on your experience ?
Attached Image (click to enlarge)
Click to Enlarge Name: 18.3b.jpg Size: 105 KB
Measure twice, cut once
  • #2,591
  • Jan 8, 2009 5:22am Jan 8, 2009 5:22am
Seems like diamond on intra-day cable;
Attached Image (click to enlarge)
Click to Enlarge Name: diamond.jpg Size: 86 KB
Measure twice, cut once
  • #2,592
  • Jan 8, 2009 5:24am Jan 8, 2009 5:24am
looks like a baby dual diagonal on the 5m Cable chart:nerd:

EDIT: ah you got it Aediaz1...as I was typing...lol
  • #2,593
  • Jan 8, 2009 5:26am Jan 8, 2009 5:26am
Quoting BentRod
looks like a baby dual diagonal on the 5m Cable chart:nerd:


Seems like it's going to be continuation.
Measure twice, cut once
  • #2,594
  • Jan 8, 2009 5:27am Jan 8, 2009 5:27am
Quoting aediaz1
Seems like diamond on intra-day cable;
Likely to spike down first and then to reverse.
  • #2,595
  • Jan 8, 2009 5:28am Jan 8, 2009 5:28am
Quoting Igrok
Likely to spike down first and then to reverse.
That's what I thought first but seems like it have changed here mind.

Edit: That would've been a legal short (?).
Measure twice, cut once
  • #2,596
  • Jan 8, 2009 5:36am Jan 8, 2009 5:36am
Quoting Igrok
Likely to spike down first and then to reverse.
Do you ever trade those small ones Igrok or do you stick to the larger ones?
  • #2,597
  • Edited 6:04am Jan 8, 2009 5:50am | Edited 6:04am
Ask if I managed to fill get filled there hehe. No chance. Someone got they orders through ?
Measure twice, cut once
  • #2,598
  • Jan 8, 2009 6:13am Jan 8, 2009 6:13am
Looks like a broadening triangle on 1hr geppy
  • #2,599
  • Jan 8, 2009 6:36am Jan 8, 2009 6:36am
There are occasions where I do believe god exists, like today, smiling down giving me the middle finger. Tempted to blame him but it's only my set of rules who made me skip the eur/gbp trade and I'm sure it's hard to find any broker you'd get filled during news-events like today.

Look at the diamond and see how nice and easy you could have shorted it at third touch for 50 easy pips down for then going long and bang 200 pips before you manage to take a zip of your coffee.

Needless to say, I believe setups like this will occur again so no reason to cry
Measure twice, cut once
  • #2,600
  • Jan 8, 2009 6:38am Jan 8, 2009 6:38am
Quoting BentRod
Do you ever trade those small ones Igrok or do you stick to the larger ones?
Why not? A couple hundred pips is a pretty good return for such a small pattern with tight stops.
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