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Complex TA; The Road Of An (Igrok) Apprentice

  • #61
  • Jan 12, 2009 2:18am Jan 12, 2009 2:18am
Quoting aediaz1
Usd/jpy.

  1. Sell stop @89.88. SL 90.30. Stop and reverse active.
  2. TP ADR, TS active on 30 pips.

GM - let see how your trade works out. Cable broke out of the narrow 60 pip range, and its a shame to miss this one from the top of the range. Better trade around the corner though...
  • #62
  • Jan 12, 2009 2:36am Jan 12, 2009 2:36am
Quoting aediaz1
GM. It didn't fit in any template as I could see but the Asia high did make technical sense.
Well from my point of view cable broke support right after dayly open on my broker. Price was building a tight 60 pip range during asia to the frankie session and was sold from the previous support now turned resistance and the ascending red TL i have drawn. I was too slow to catch this fall as london boys pushed the price at the lightning speed lol
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  • #63
  • Jan 12, 2009 3:57am Jan 12, 2009 3:57am
What do you think about this triangle on the eur/cad 30m? Should be continuation me thinks but we can never know. Whats your take buddy?
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  • #64
  • Jan 12, 2009 4:09am Jan 12, 2009 4:09am
Quoting belekas
What do you think about this triangle on the eur/cad 30m? Should be continuation me thinks but we can never know. Whats your take buddy?
Mine is drawn a little different than yours. Doesn't seems like any bad setup, I just hate to pay 10 pips in spread. What if I get stopped out and need to reverse my position? That's 20 pips, on such a slow day ! No way !
Attached Image
Measure twice, cut once
  • #65
  • Jan 12, 2009 4:17am Jan 12, 2009 4:17am
Quoting aediaz1
Mine is drawn a little different than yours. Doesn't seems like any bad setup, I just hate to pay 10 pips in spread. What if I get stopped out and need to reverse my position? That's 20 pips, on such a slow day ! No way !
Yes indeed. Im given a 6-8 pip spread on this one, but im passing as well. Havent seen the formation before, as it was possible i think to catch the upside move from the lower TL with a tight stop.
  • #66
  • Jan 12, 2009 4:28am Jan 12, 2009 4:28am
Quoting aediaz1
There was an 8 pips gap on nzd/usd tonight (don't look on the alpari feed) along with the price hitting down on the 15m channel.

  1. Buy nzd/usd @ .5888. No stop and reverse. Target upper part of the channel.
  2. Stopped out, -1.4%

I can ask myself why I hunt 40 pips while paying 10 pips spread. Insane spread, do they send a person down to New Zealand by airplane and exchange my U.S dollar's to NZD manually? That's 25% of the potential profits gone. Pointless.

Hallo, Sir Andrč! (Just being knighted by a high authority as the papers say!)

I was trying this one too and I did not enter again, as somehow the Holiday in Japan gave extra wide spreads on all brokers - I had 10-15 here. Guess there was no liquidity at all.

The MTP took the trade off in three instances instead of one, but never mind, LOL!

Congrats again!
Ciao!
Matt
Attached Image (click to enlarge)
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  • #67
  • Jan 12, 2009 4:59am Jan 12, 2009 4:59am
Quoting belekas
Yes indeed. Im given a 6-8 pip spread on this one, but im passing as well. Havent seen the formation before, as it was possible i think to catch the upside move from the lower TL with a tight stop.
That's 40%-20% better than mine, what broker do you use ? That pattern did go as suspected. Would've been stopped out by now.

Quoting Gnat
Hallo, Sir Andrč! (Just being knighted by a high authority as the papers say!)

I was trying this one too and I did not enter again, as somehow the Holiday in Japan gave extra wide spreads on all brokers - I had 10-15 here. Guess there was no liquidity at all.

The MTP took the trade off in three instances instead of one, but never mind, LOL!

Congrats again!
Ciao!
Matt
Hallo, yes after that, I can finally let my ego round all out so if everyone wouldn't mind calling me Sir from now on lol ! Talking about ego, a Norwegian chef who won the Bocuse D'or (the unofficial world championship for chefs) also known for having an ego of world-class too, always signed any paper with; [He's Name], World Championeven years after the competition Damn Norwegians and their ego just because they got a lot of oil and good chefs !

If I just knew that the market would open lower today, I wouldn't close my short nzd/usd from Friday You use metatrader broker too ?

MTP? What's that ?

Regards, Sir Aediaz1, forex (mino-account) champion of the world
Measure twice, cut once
  • #68
  • Jan 12, 2009 5:04am Jan 12, 2009 5:04am
Quoting aediaz1
That's 40%-20% better than mine, what broker do you use ? That pattern did go as suspected. Would've been stopped out by now.
Yes. Im using FxPro, the old North Finance Looks like a descending channel on the EUR/CHF with 3 perfect upper TL touches...Maybe its worth the hussle
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  • #69
  • Jan 12, 2009 5:10am Jan 12, 2009 5:10am
Quoting aediaz1
Well, have a look at my chart haha. Checking with other feeds, your seems to be wrong. Careful, they're trying to screw you
Those bastards lol Take a look at cable. Theres a possible bearish flag on 5/15m. We might catch the next traing to the downtown
  • #70
  • Jan 12, 2009 5:38am Jan 12, 2009 5:38am
Quoting aediaz1
Hallo, yes after that, I can finally let my ego round all out so if everyone wouldn't mind calling me Sir from now on lol ! Talking about ego, a Norwegian chef who won the Bocuse D'or (the unofficial world championship for chefs) also known for having an ego of world-class too, always signed any paper with; [He's Name], World Championeven years after the competition Damn Norwegians and their ego just because they got a lot of oil and good chefs !

If I just knew that the market would open lower today, I wouldn't close my short nzd/usd...
Ave, Sir Aediaz1 <bow-bow>

The Chefs thing is funny! That guy had issues, LOL!
MTP is a "manage take profit" EA and it is good to monitor positions as the market reopens. It moves stops as you want it, it trails and it scales out of positions and is easy to use. But I especially like it on Sunday nights, when I have positions open.

I have MT4 accounts with FXDD and IBFX, but the latter are turning into a major pain in the axx and I will prolly get over to ATC, as I am getting along with Dave pretty well. Their platform is said to be a bit unstable - until now.

I have been following the Igrok thread a lot lately, well I gave that away a bitI guess, and with all due respect to Sir Aediaz the First, I would at least make Belekas a first rate Palladin of the same rite You two seem to spot things in a heartbeat and have a clear understanding of the Igrok method.

Not to dim your light, Sir!! ROTFL!!

See ya soon!
Ciao!
Matt
Attached File(s)
File Type: zip MTP4FF.zip   362 KB | 412 downloads
File Type: mq4 MTP_1[1].5.mq4   9 KB | 385 downloads
  • #71
  • Jan 12, 2009 5:51am Jan 12, 2009 5:51am
Quoting Gnat
Ave, Sir Aediaz1 <bow-bow>

The Chefs thing is funny! That guy had issues, LOL!
MTP is a "manage take profit" EA and it is good to monitor positions as the market reopens. It moves stops as you want it, it trails and it scales out of positions and is easy to use. But I especially like it on Sunday nights, when I have positions open.

I have MT4 accounts with FXDD and IBFX, but the latter are turning into a major pain in the axx and I will prolly get over to ATC, as I am getting along with Dave pretty well. Their platform is said to be a...
Haha, not as funny as your sir thing and yes I would take a bet on that he had issues My goal is to open an account with Tradestation somewhere near summer-time if everything works out fine until then. I'm dead tired of mt4 brokers. I heard IBFX have turned into real crap, which seems to be
confirmed by you too. Are you talking about Dave Floyd ?

That EA, can you make it close i.e just 2/3 of your positions at a given price ? Sounds good.

Yes, Belekas would do perfect as Palladin lol.

See you Matt, take it easy.

Btw, I saw you attached it and I'm now reading the instructions, thanks for sharing it !
Measure twice, cut once
  • #72
  • Jan 12, 2009 5:59am Jan 12, 2009 5:59am
Quoting aediaz1
Yes, Belekas would do perfect as Palladin lol.
loool
  • #73
  • Jan 12, 2009 6:02am Jan 12, 2009 6:02am
Quoting aediaz1
I was serious. The lol was for Gnat
Alright Mr Serious, tell me what you see on cable 5m chart? As i posted my question some time ago but you didnt answer
  • #74
  • Jan 12, 2009 6:04am Jan 12, 2009 6:04am
Quoting belekas
loool
Hi Belekas!

I just wanted to mention that you are on the same road with Andrč and that most of the time you two spot things simultaniously and are a great team! So you deserve some of the praise, too!

Hope I was not misundestood there!!

Ciao!
Matt
  • #75
  • Jan 12, 2009 6:06am Jan 12, 2009 6:06am
Quoting Gnat
Hi Belekas!

I just wanted to mention that you are on the same road with Andrč and that most of the time you two spot things simultaniously and are a great team! So you deserve some of the praise, too!

Hope I was not misundestood there!!

Ciao!
Matt
Absolutely !

I just have something that might turn into a channel on 5m gbp/usd, Belekas.
Measure twice, cut once
  • #76
  • Jan 12, 2009 6:08am Jan 12, 2009 6:08am
Thank you for the kind words buddy, its always nice hear that. Appriceate your comment, and come - join us in the battle against the big sharks

Quoting Gnat
Hi Belekas!

I just wanted to mention that you are on the same road with Andrč and that most of the time you two spot things simultaniously and are a great team! So you deserve some of the praise, too!

Hope I was not misundestood there!!

Ciao!
Matt
  • #77
  • Jan 12, 2009 6:11am Jan 12, 2009 6:11am
Quoting aediaz1
Absolutely !

I just have something that might turn into a channel on 5m gbp/usd, Belekas.
Missed the short of the resistance and the upper TL... though it looks like a possible bearish flag with a 200 pip pole. I might be wrong though Lets see where it breaks.

edit: broke to the upside just after i posted lol
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  • #78
  • Jan 12, 2009 8:38am Jan 12, 2009 8:38am
Quoting belekas
Missed the short of the resistance and the upper TL... though it looks like a possible bearish flag with a 200 pip pole. I might be wrong though Lets see where it breaks.

edit: broke to the upside just after i posted lol
We are losing the the thin red line for a personal journal here but I might add that when trading on such a low TF, you might want the pattern to be fully formed or at least 3 touches one one side before making any conclusions.
Measure twice, cut once
  • #79
  • Jan 12, 2009 9:09am Jan 12, 2009 9:09am
Quoting aediaz1
Usd/jpy.

  1. Sell stop @89.88. SL 90.30. Stop and reverse active.
  2. TP ADR, TS active on 30 pips.

Update with TP target;
Attached Image
Measure twice, cut once
  • #80
  • Jan 12, 2009 9:34am Jan 12, 2009 9:34am
I was sleeping because im feeling very week these days. Hard work feels now. So i guess i was pretty right on selling the eur/chf from the upper TL...Missed a nice 130 pips...damn...
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