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

I had it drawn like this:

Only sense I can make of it ATM
Attached Image (click to enlarge)
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Quote
I'm looking for an excuse to short

Since we are looking for excuses , might pay to analyze GBPCHF also, a strong inverse correlation to EURGBP.

Check out the descending TL on the Hourlies.
Quoting BentRod
Since we are looking for excuses , might pay to analyze GBPCHF also, a strong inverse correlation to EURGBP.

Check out the descending TL on the Hourlies.
Good thinking I had gbpchf on my watchlist for comb pattern.
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Measure twice, cut once
Quoting aediaz1
Good thinking I had gbpchf on my watchlist for comb pattern.
And its breaking the descending 1hr TL that looks really significant and was profitable before.
Yep the red line extended up to where the white one is, that is what I am referring to.

Actually looks better on the 15m, just getting popped properly now.
Quoting belekas
And its breaking the descending 1hr TL that looks really significant and was profitable before.
Yeah, perfect one.

Quoting BentRod2489588
Yep the red line extended up to where the white one is, that is what I am referring to.

Actually looks better on the 15m, just getting popped properly now.
Saw what you meant when I adjusted my TL abit.
Measure twice, cut once
Quoting BentRod
Yep the red line extended up to where the white one is, that is what I am referring to.

Actually looks better on the 15m, just getting popped properly now.
Made some nice pips by selling on the touch. Long already in green
Quoting belekas
Made some nice pips by selling on the touch. Long already in green
Goodluck mate.

I took the signal but shorted EURGBP instead.

All the best.
Quoting BentRod
I took the signal but shorted EURGBP instead.
Hi Bentrod,

What was your entry price?

I can't access my trading platform so cannot see the channel on the 15m chart.

By the way could you relate your trade to one of the intraday templates?

At the moment I can still only lurk, which is a real pain as I would prefer to trade along with you guys.

Anyway, have a good weekend everyone.
Quoting HapaSasa
Hi Bentrod,

What was your entry price?

I can't access my trading platform so cannot see the channel on the 15m chart.

By the way could you relate your trade to one of the intraday templates?

At the moment I can still only lurk, which is a real pain as I would prefer to trade along with you guys.

Anyway, have a good weekend everyone.
Hi Hap,

The trade was not a template trade, the channel is not formed yet.

Entry was 93.95 with a stop above the most recent Pivot high @ 94.20.

Best to stick to the templates, I'll most likely be stopped out of this one anyway.

If you go back and read the thread you will see sometimes Igrok uses signals from other pairs to take trades, that was merely the reasoning behind this trade.

Best off sticking with the templates though!
Quoting BentRod
Best off sticking with the templates though!
Agree with you here. Think it's best for newcomers to start out with those templates.

I'm still holding gbp/chf. I can't stand TS so I'm rather using technical levels for stops, like Igrok recommend. Had SL right behind the TL and was lucky to see price reject it and bounce back up.
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Measure twice, cut once
Quote
and was lucky to see price reject it and bounce back up.

Yep classic retest of the TL.

I've moved my stops to BE since I don't have the luxury of a TL.

All the best.
Quoting BentRod

If you go back and read the thread you will see sometimes Igrok uses signals from other pairs to take trades, that was merely the reasoning behind this trade.

Best off sticking with the templates though!
Hi again,

Thanks - I thought it was a long shot regarding the templates.

I've read through the thread some time ago and I'll do it again.
I was quite taken by the posts on the diamonds. I can't understand why the one or two TA books I've read (Bulkowski, Farley) didn't catch on to what you guys have.

I see today that Gold and the EURUSD have been moving in different directions. Recently they used to move up and down more or less together.
Quote
classic retest of the TL.

Cable might retest too?

I took the 19.9 tonight but exited before the news so missed a chunck of it.
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Quoting aediaz1
Had SL right behind the TL and was lucky to see price reject it and bounce back up.
Hi aediaz1,

The chart is a bit dark - I'd just like to ask if you had considered drawing a TL at the points below, which would have formed a slight narrowing channel and a buy entry would have looked good at where the price last bounced off the lower TL?
Quoting BentRod
Yep classic retest of the TL.

I've moved my stops to BE since I don't have the luxury of a TL.

All the best.
I took your setup on gbp/chf and you took "mine" on eur/gbp lol. Talk about changing cards Anyway, seems like the pound strengthening is on.

Nice triangle on cable, I missed that-one !
Measure twice, cut once
Quote
see today that Gold and the EURUSD have been moving in different directions. Recently they used to move up and down more or less together.

I've noticed the same thing too Hap.

I've been stopped out trying to short gold, given up now.

Interesting to watch.
Quoting HapaSasa
Hi aediaz1,

The chart is a bit dark - I'd just like to ask if you had considered drawing a TL at the points below, which would have formed a slight narrowing channel and a buy entry would have looked good at where the price last bounced off the lower TL?
Sorry for the dark chart, I just had to change from gray after using it for years.

You mean it would look something alike what BentRod pointed out on eur/gbp 15m chart, just reverse ?
Measure twice, cut once
Quote
I've moved my stops to BE since I don't have the luxury of a TL.

Out at breakeven.

Maybe cable is setting up for a push lower after all?

Either way, don't like trading this late on a Friday, think I will just watch
Quoting aediaz1
You mean it would look something alike what BentRod pointed out on eur/gbp 15m chart, just reverse ?
I can't answer your question at the moment - I haven't seen BentRod's chart.
I meant though a buy entry at the last low point, which is about the same level as the bottom of your vertical blue trade line.
It's where the price turned back up to break up through your TL.

If you draw a line from there to the previous low and on to the bottom of the long green bar in the middle of your chart touching the horizontal white line, that's the TL I mean.
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