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

  • #2,681
  • Jan 13, 2009 5:23pm Jan 13, 2009 5:23pm
Quoting Igrok
Shortly after that in second part of '95 I have moved my operations to London.
Did you set any goals/achievement's (you still hold) ? I would guess that you mostly trade because you still enjoy it ?

I also wonder why it seems so "common" for successful fx traders to keep such a low profile i.e giving no interview's etc.
Measure twice, cut once
  • #2,682
  • Jan 13, 2009 5:50pm Jan 13, 2009 5:50pm
Quoting aediaz1
1. Did you set any goals/achievement's (you still hold) ? I would guess that you mostly trade because you still enjoy it ?

2. I also wonder why it seems so "common" for successful fx traders to keep such a low profile i.e giving no interview's etc.
1. No. I like the process.

2. No need to prove anything to anyone.
  • #2,683
  • Jan 13, 2009 7:30pm Jan 13, 2009 7:30pm
Quoting Igrok
1. No. I like the process.

2. No need to prove anything to anyone.
I see.

I rarely care much about divergence but have a look at eur/jpy. Quadruple divergence;
Attached Image (click to enlarge)
Click to Enlarge Name: eurjpy.jpg Size: 94 KB
Measure twice, cut once
  • #2,684
  • Jan 13, 2009 11:18pm Jan 13, 2009 11:18pm
Quoting Igrok
I had a limit executed at 128.63 through a Hong-Kong based bucket shop.
Amazing you still remember that.

Are there any other great trades that stand out over the years for you?
  • #2,685
  • Jan 13, 2009 11:22pm Jan 13, 2009 11:22pm
Nice trade Aediaz.

Was that the result of a second reverse stops?

Looks like it might run for a bit anyway.
  • #2,686
  • Jan 14, 2009 12:09am Jan 14, 2009 12:09am
Bearish wedge on 1 hour Swissie although only two touches on the Top.
Attached Image (click to enlarge)
Click to Enlarge Name: swissy.jpg Size: 80 KB
  • #2,687
  • Jan 14, 2009 12:23am Jan 14, 2009 12:23am
Quoting BentRod
Amazing you still remember that.

Are there any other great trades that stand out over the years for you?
Sure I remember quite a few intersting trades. But one, perhaps most surprising for me outcome, came from the situation when my order wasn't even executed. On Friday, 03/21/2003, I took a long position on EUR/USD at 1.0545 and placed stops at 1.0501. The very same day the market came lower and bottomed out at 1.0502 bid and then closed the day and the week at 1.0520 being short of my stops for just a single pip. Considering that the position was 100 mio. it was absolutely amaizing that no one had dared or wanted to take such a large stops out. Anyway, in my mind I already kissed my stops good bye over the weekend and was expecting the market to trigger those stops first thing next week, but it had never happened. The market gapped up on Monday and has been trading above those levels ever since. The unfilled gap is still out there at 1.0520.
  • #2,688
  • Jan 14, 2009 12:24am Jan 14, 2009 12:24am
Quoting BentRod
Nice trade Aediaz.

Was that the result of a second reverse stops?

Looks like it might run for a bit anyway.
This was the third and final S&R on eur/jpy. Luckily, it have already covered for the losses and some more.
Measure twice, cut once
  • #2,689
  • Jan 14, 2009 12:35am Jan 14, 2009 12:35am
Quoting Igrok
Sure I remember quite a few intersting trades. But one, perhaps most surprising for me outcome, came from the situation when my order wasn't even executed. On Friday, 03/21/2003, I took a long position on EUR/USD at 1.0545 and placed stops at 1.0501. The very same day the market came lower and bottomed out at 1.0502 bid and then closed the day and the week at 1.0520 being short of my stops for just a single pip. Considering that the position was 100 mio. it was absolutely amaizing that no one had dared or wanted to take such a large stops out. Anyway,...
Great stuff.

Here is the chart for those interested.

I didn't even notice that gap, thanks.
Attached Image (click to enlarge)
Click to Enlarge Name: euroIgrok.jpg Size: 73 KB
  • #2,690
  • Jan 14, 2009 12:37am Jan 14, 2009 12:37am
Quoting aediaz1
This was the third and final S&R on eur/jpy. Luckily, it have already covered for the losses and some more.
Good on you buddy.

One of my best trades on AUDJPY came from a second S@R.
  • #2,691
  • Jan 14, 2009 12:44am Jan 14, 2009 12:44am
Quoting BentRod
Good on you buddy.

One of my best trades on AUDJPY came from a second S@R.
I believe you It's incredible how uncommon S&R is when reading standard textbooks about trading, considering how it makes sense when used right !
Measure twice, cut once
  • #2,692
  • Jan 14, 2009 12:57am Jan 14, 2009 12:57am
Quote
It's incredible how uncommon S&R is when reading standard textbooks about trading, considering how it makes sense when used right !

Exactly. That is why I like the Igrok approach.

It is original and 'out of the box'
  • #2,693
  • Jan 14, 2009 1:03am Jan 14, 2009 1:03am
GM - seems there might be a possible bullish divergence building on the 4hr EURUSD targeting 1.3800. Just need confirmation. What is your take on EURUSD Mr Igrok as price is howering just below previous weeks low.
  • #2,694
  • Jan 14, 2009 1:10am Jan 14, 2009 1:10am
Quoting belekas
GM - seems there might be a possible bullish divergence building on the 4hr EURUSD targeting 1.3800. Just need confirmation. What is your take on EURUSD Mr Igrok as price is howering just below previous weeks low.
Almost every major and all the jpy crosses have left gaps at the week's open price. Must be covered IMO.
  • #2,695
  • Jan 14, 2009 1:11am Jan 14, 2009 1:11am
Quoting BentRod
Exactly. That is why I like the Igrok approach.

It is original and 'out of the box'
Amen. I just hope this method never will be commonly known like classic TA is today.
Measure twice, cut once
  • #2,696
  • Jan 14, 2009 1:43am Jan 14, 2009 1:43am
Quoting Igrok
Almost every major and all the jpy crosses have left gaps at the week's open price. Must be covered IMO.
Thank you. On GBPJPY i have gap at around 136.70ish. Are we looking at the same one as on you chart as well? Cant see more gaps on my data stream.
  • #2,697
  • Jan 14, 2009 1:59am Jan 14, 2009 1:59am
Could be a 18.3a on usd/jpy. The small SL made this lucrative, IMO.
Measure twice, cut once
  • #2,698
  • Edited 2:25am Jan 14, 2009 2:12am | Edited 2:25am
Also, there could an option to short eur/gbp, both on daily (18.1b) and weekly template (18.3b). Divergence seen on lower TF's.

So the odds seems to stack up for a potential gbp strength, along with Igrok talked about cable might go to 1.52 again. Let's see.
Measure twice, cut once
  • #2,699
  • Jan 14, 2009 2:25am Jan 14, 2009 2:25am
The way things are panning out there might be an option for a few 18.4's today given that ranges so far are above average(for asian session) and most moves are opposite Yesterday.
  • #2,700
  • Jan 14, 2009 2:46am Jan 14, 2009 2:46am
Quoting BentRod
The way things are panning out there might be an option for a few 18.4's today given that ranges so far are above average(for asian session) and most moves are opposite Yesterday.
Let's see what NY open gives us when that time comes.

Eur/cad seems to be forming flat surface on intra-day but I got 3 different feeds here with 2 different scenarios. What do you guys see ?
Measure twice, cut once
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