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

  • #2,781
  • Feb 5, 2009 3:17pm Feb 5, 2009 3:17pm
Quoting Blackinc
I wanted to post chart, this is close, having quickly scanned some charts this morning.

Not a true 18.4, as price didn't retrace to daily open after making a new low. But i did like the timing and manner of it making new high then low, and it is a good demonstration of this.

Saying that, i didn't and wouldn't have traded it.
Blackinc - That was only about 12 pips short of reaching the day's open. Surely that is close enough to to make the trade worth a try using a tight s/l?
  • #2,782
  • Feb 5, 2009 3:26pm Feb 5, 2009 3:26pm
Quoting HapaSasa
Blackinc - That was only about 12 pips short of reaching the day's open. Surely that is close enough to to make the trade worth a try using a tight s/l?
If it doesn't come back to the open, then its not performing a normal market pattern, its just random price.

The templates are based on years of exposure that Igrok has had to the markets, and no doubt he's got more of them, but the ones in his book you can see over and over again.

And the SL for that particular trade was 56 odd pips away from the open price, which is a pretty large stop intraday, i would've much preferred to see price come back through open and get to maybe 30 pips from day high, and increase your R:R. With the average range being around 180(i think), if you'd got in with a 30 stop and aimed for 180, that 1:6 risk:reward, much more appealing!
  • #2,783
  • Feb 6, 2009 1:33am Feb 6, 2009 1:33am
Quoting HapaSasa
I just had a general look as my first bit of research. I will start taking into account the session times and pips/ADR.

By the way, it looked like an 18.1 on GBPUSD today.
At the moment by day I have no access to my platform otherwise I would have tried it.
Had some nice session-templates this morning. I rather prefer 18.1's with 40-60 pips SL but that's just me
Measure twice, cut once
  • #2,784
  • Feb 6, 2009 3:38am Feb 6, 2009 3:38am
Quoting Igrok
I have already collected some material for a new book, but have no time for finishing it. Perhaps I will write and publish it only after my retirement.
Someone up for a burglary ?
Measure twice, cut once
  • #2,785
  • Feb 6, 2009 4:01am Feb 6, 2009 4:01am
Quoting Igrok
(...) However, using the same bricks someone might try to build either a dog house or another Notre Dame de Paris
It's fun to read back into this thread. Hope you guys don't mind me quoting some good lines from "back in the days".

I had a good laugh by the metaphor above regarding his method.
Measure twice, cut once
  • #2,786
  • Feb 6, 2009 4:07am Feb 6, 2009 4:07am
Quoting Igrok
...... Considering that I mostly work in horizontal position from a couch, it takes just a few seconds to turn myself from being in business into a complete sleeping mode.
This was the best one
  • #2,787
  • Feb 6, 2009 4:09am Feb 6, 2009 4:09am
Quoting BentRod
This was the best one
Hahaha! Can't remember to have seen that line before! Looking forward to read that sentence in context
Measure twice, cut once
  • #2,788
  • Feb 7, 2009 3:09am Feb 7, 2009 3:09am
Actually I think it was pretty much quoted in context!
Good Trading
  • #2,789
  • Feb 7, 2009 5:25am Feb 7, 2009 5:25am
Quoting Igrok
It's a bit complicated to explain. The idea is that I cut past history charts by some straight lines to define potential borders for future moves. The difference between those lines and regular trendlines is that my lines cross the charts at multiple points cutting them like a tort. Then I trade between those lines also applying some of my templates for additional precision. The break of one line supposedly leads the market to the next one.
Bentrod, you asked about these layers last year. Have you practiced it yourself?
Measure twice, cut once
  • #2,790
  • Feb 8, 2009 4:13am Feb 8, 2009 4:13am
GM all,

cadchf h4
anyone following this one?
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  • #2,791
  • Feb 8, 2009 4:46am Feb 8, 2009 4:46am
Quoting aediaz1
Bentrod, you asked about these layers last year. Have you practiced it yourself?
Gday Aediaz,

I think we would need another book to explain that concept
Sounds similar what Igrok mentioned the other day, price behaviour profiling I think he called it.
  • #2,792
  • Feb 8, 2009 4:50am Feb 8, 2009 4:50am
Quoting vaflis
GM all,

cadchf h4
anyone following this one?
I don't follow that pair, looks similar to the one that already popped on GBPCHF.
  • #2,793
  • Feb 8, 2009 5:03am Feb 8, 2009 5:03am
Quoting BentRod
Gday Aediaz,

I think we would need another book to explain that concept
Sounds similar what Igrok mentioned the other day, price behaviour profiling I think he called it.
Good day. I'm afraid so too. I feel it's more than using a broken TL.
Measure twice, cut once
  • #2,794
  • Feb 8, 2009 5:17am Feb 8, 2009 5:17am
Quoting BentRod
I don't follow that pair, looks similar to the one that already popped on GBPCHF.

Yes, definetly smth like that
let's see...
  • #2,795
  • Feb 9, 2009 8:16am Feb 9, 2009 8:16am
Seems like 18.4a on eur/gbp.
Measure twice, cut once
  • #2,796
  • Feb 9, 2009 12:39pm Feb 9, 2009 12:39pm
Also, Cad/chf seems to cook something strange on 1h chart. Might be a diamond.
Measure twice, cut once
  • #2,797
  • Feb 10, 2009 4:07am Feb 10, 2009 4:07am
Probably sell from 91.40 - 18.4, cross jpy - eurjpy, gbpjpy, cadjpy down, usdjpy change move of the day
  • #2,798
  • Feb 10, 2009 4:52am Feb 10, 2009 4:52am
Weekly 18.4 on both aud/jpy and cad/chf today.
Measure twice, cut once
  • #2,799
  • Feb 10, 2009 4:30pm Feb 10, 2009 4:30pm
Quoting aediaz1
Weekly 18.4 on both aud/jpy and cad/chf today.
Are you trading this based on the weekly charts?

For today, 10 February it looks like an 18.3b to me with the buy entry 2 to 3 hours into the European session bringing in about 100 pips profit as P1.

IF it is the weekly chart then the open is say May 2005, the high is July 2007, the low is now and the sell entry would be up at the 82.50 level.

Please could you clarify this for me.
  • #2,800
  • Feb 10, 2009 4:44pm Feb 10, 2009 4:44pm
Quoting HapaSasa
Are you trading this based on the weekly charts?

For today, 10 February it looks like an 18.3b to me with the buy entry 2 to 3 hours into the European session bringing in about 100 pips profit as P1.

IF it is the weekly chart then the open is say May 2005, the high is July 2007, the low is now and the sell entry would be up at the 82.50 level.

Please could you clarify this for me.
I used 1h chart in this example. Blue dotted line is weekly open. I think my post are more confusing than helpful. You should rather try and figure out how to apply intraday templates first.

I was up over 100 pips on this trade and didn't pocked a single pip :/ Nor did I reverse position (when long was stopped out) because the SL would be too large.
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Measure twice, cut once
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