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

  • #2,801
  • Edited 3:25am Feb 11, 2009 3:03am | Edited 3:25am
Nice #18.4 that played out on geppy,cable and gbp/chf. Hope you guys caught a piece as i was not trading during the news and missed it.
  • #2,802
  • Feb 11, 2009 9:48am Feb 11, 2009 9:48am
Possible diamond on eur/chf?
I really like those 3 diagonals even if geometrically it seems too
much flat as a figure.
Attached Image (click to enlarge)
Click to Enlarge Name: eur.gif Size: 19 KB
  • #2,803
  • Feb 11, 2009 10:24am Feb 11, 2009 10:24am
Quoting giusepp8
Possible diamond on eur/chf?
I really like those 3 diagonals even if geometrically it seems too
much flat as a figure.
Doesnt look like a diamond to me giusepp8. Bordersare far from beying significant and the shape is distorted.
  • #2,804
  • Feb 11, 2009 1:36pm Feb 11, 2009 1:36pm
Quoting aediaz1
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.
Thanks for your explanation - I am looking at the intraday patterns using 30m charts.
So by weekly open you mean the opening price on Sunday night (the beginning of the week).

I know this is a matter of money/risk management but have you ever considered some trades with very tight s/l. If it does not go in your favour straightaway you pay a small price to find out if it doesn't, then if price continues to the stop/reverse level you can try a second trade from there.
  • #2,805
  • Feb 11, 2009 3:03pm Feb 11, 2009 3:03pm
Quoting belekas
...............the shape is distorted.
Exactly what i was trying to say
  • #2,806
  • Feb 11, 2009 7:13pm Feb 11, 2009 7:13pm
Has anyone been watching for Igrok's article in Currency Trader, I thought he said in January, but I've checked December, January and February with is no sign of it?
Good Trading
  • #2,807
  • Feb 12, 2009 9:28am Feb 12, 2009 9:28am
Quoting HapaSasa
Thanks for your explanation - I am looking at the intraday patterns using 30m charts.
So by weekly open you mean the opening price on Sunday night (the beginning of the week).

I know this is a matter of money/risk management but have you ever considered some trades with very tight s/l. If it does not go in your favour straightaway you pay a small price to find out if it doesn't, then if price continues to the stop/reverse level you can try a second trade from there.
1. Sunday open, yes.
2. That's what Igrok have tried to shown us for quite some time now. I entered that aud/jpy trade with 30 pips SL.

Check out usd/chf today, what template do you see?
Measure twice, cut once
  • #2,808
  • Feb 12, 2009 9:29am Feb 12, 2009 9:29am
Quoting aud
Has anyone been watching for Igrok's article in Currency Trader, I thought he said in January, but I've checked December, January and February with is no sign of it?
I checked it some days ago, no sign of Igrok :/
Measure twice, cut once
  • #2,809
  • Feb 12, 2009 10:51am Feb 12, 2009 10:51am
Quoting aud
Has anyone been watching for Igrok's article in Currency Trader, I thought he said in January, but I've checked December, January and February with is no sign of it?

I wrote the article and send it to them lonf time ago. Have never heard from them since. Might be some editorial changes inside the magazine. But don't know actually what's wrong there.
  • #2,810
  • Feb 12, 2009 10:52am Feb 12, 2009 10:52am
Quoting Igrok
I wrote the article and send it to them lonf time ago. Have never heard from them since. Might be some editorial changes inside the magazine. But don't know actually what's wrong there.
Why not post it here? I volunteer as editor
Measure twice, cut once
  • #2,811
  • Feb 12, 2009 10:54am Feb 12, 2009 10:54am
It seems that what everyone identifies as a double bottom on USD/JPY daily might in fact a two-diagonaled diamond. Not really a big difference in terms of initial behavior but the targets for the diamond could be on both sides of the pattern depending of the direction of the breakout.
  • #2,812
  • Feb 12, 2009 10:59am Feb 12, 2009 10:59am
Quoting Igrok
It seems that what everyone identifies as a double bottom on USD/JPY daily might in fact a two-diagonaled diamond. Not really a big difference in terms of initial behavior but the targets for the diamond could be on both sides of the pattern depending of the direction of the breakout.
I thought about this also. Good to see you posting. Cheers!
  • #2,813
  • Feb 12, 2009 11:37am Feb 12, 2009 11:37am
Cannot make any sense from the left part of it. Care to share a chart, anyone ?
Measure twice, cut once
  • #2,814
  • Feb 12, 2009 1:39pm Feb 12, 2009 1:39pm
Igrok's article in CurrencyTrader (http://www.scribd.com/doc/221517/CurrencyTrader0707)
  • #2,815
  • Feb 12, 2009 2:14pm Feb 12, 2009 2:14pm
Quoting aediaz1
1. Sunday open, yes.
2. That's what Igrok have tried to shown us for quite some time now. I entered that aud/jpy trade with 30 pips SL.

Check out usd/chf today, what template do you see?
I would say for USDCHF 18.1a, buy entry at about 09:30 CET at 1610 for 50 pips gain, and then another bite at the cherry at the same entry price sometime after 15:00 CET for around 80 pips if you moved the s/l to 30 pips above the first exit level (easy looking back after the event).

About an hour ago, based on 18.5a I made a buy entry with CHFJPY at 78.20. I was a little late, the correct entry was at about 77.90.
It has slipped back to -8 pips at the moment.
  • #2,816
  • Feb 12, 2009 5:36pm Feb 12, 2009 5:36pm
Quoting HapaSasa
I would say for USDCHF 18.1a, buy entry at about 09:30 CET at 1610 for 50 pips gain, and then another bite at the cherry at the same entry price sometime after 15:00 CET for around 80 pips if you moved the s/l to 30 pips above the first exit level (easy looking back after the event).

About an hour ago, based on 18.5a I made a buy entry with CHFJPY at 78.20. I was a little late, the correct entry was at about 77.90.
It has slipped back to -8 pips at the moment.
USD/CHF current month's range is too short. Considering that the main move of the month on the EUR/USD is in favor of EUR so far, then it might make sense to assume that the swissy will follow eventually. So, I would rather sell it at these levels to target 1.07 or so before the end of the month.
  • #2,817
  • Feb 12, 2009 6:37pm Feb 12, 2009 6:37pm
Quoting AlexPL
Igrok's article in CurrencyTrader (http://www.scribd.com/doc/221517/CurrencyTrader0707)

Thanks for posting the link. However this is the old article and I was talking about the one I have submitted just recently.
  • #2,818
  • Feb 12, 2009 10:46pm Feb 12, 2009 10:46pm
Maybe they thought it too valuable to publish!

I'm another vote for making it available for us to study, on your site maybe.
Good Trading
  • #2,819
  • Feb 12, 2009 11:50pm Feb 12, 2009 11:50pm
Quoting HapaSasa
I would say for USDCHF 18.1a, buy entry at about 09:30 CET at 1610 for 50 pips gain, and then another bite at the cherry at the same entry price sometime after 15:00 CET for around 80 pips if you moved the s/l to 30 pips above the first exit level (easy looking back after the event).

About an hour ago, based on 18.5a I made a buy entry with CHFJPY at 78.20. I was a little late, the correct entry was at about 77.90.
It has slipped back to -8 pips at the moment.
Looked like 18.4 on usd/chf to me
Measure twice, cut once
  • #2,820
  • Feb 12, 2009 11:56pm Feb 12, 2009 11:56pm
Quoting aud
Maybe they thought it too valuable to publish!

I'm another vote for making it available for us to study, on your site maybe.
Count me in as well.
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