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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

  • #181
  • Apr 2, 2007 7:55am Apr 2, 2007 7:55am
Quoting Igrok
Yes.
I just love it. Who said fx can't be fun? Thanks a lot, Igrok.
sans peur et sans reproche
  • #182
  • Apr 2, 2007 7:56am Apr 2, 2007 7:56am
Quoting ilanr
I just love it. Who said fx can't be fun? Thanks a lot, Igrok.
  • #183
  • Apr 2, 2007 8:03am Apr 2, 2007 8:03am
USD/JPY might even be a better buy cause the crosses are gaining and #18.4 could be used.
  • #184
  • Apr 2, 2007 10:34am Apr 2, 2007 10:34am
Igrok,

Do u monitor/trade AUD and CAD ??
The future depends on what we do in the present.
  • #185
  • Apr 2, 2007 11:30am Apr 2, 2007 11:30am
Quoting compro99
Igrok,

Do u monitor/trade AUD and CAD ??
Not really.
  • #186
  • Apr 3, 2007 5:57pm Apr 3, 2007 5:57pm
Was there an #18.4 on Cable in the last european trading session?

To enter short at about 1.9785?

I was short from 1.9765 based on another strategy, but when i saw what i thought was a 18.4, i felt reassured.. Was it false hope? (mind you it worked)
  • #187
  • Apr 3, 2007 6:46pm Apr 3, 2007 6:46pm
Quoting Blackinc
Was there an #18.4 on Cable in the last european trading session?

To enter short at about 1.9785?

I was short from 1.9765 based on another strategy, but when i saw what i thought was a 18.4, i felt reassured.. Was it false hope? (mind you it worked)
Yes. It was a classsic #18.4 on Cable, USD/CHF and EUR/USD on Tuesday.
As suggested before, the USD/JPY offered the same template trading opportunity on Monday and such a position could still be kept open into Tuesday. (If to consider it on intraweek basis.)
  • #188
  • Apr 3, 2007 8:32pm Apr 3, 2007 8:32pm
I have a few questions for you for I am reading your book and a few things remain unclear to me...

Do you open a trade as soon as the price breaks the trendline? or do you wait for some sort of confirmation?


and..

What happens when the price passes below and above a trendline multiple times without going in a clear direction


...more questions to come, im almost done the book, almost finished it in one sit down
  • #189
  • Apr 3, 2007 10:30pm Apr 3, 2007 10:30pm
Igrok,

Just a quick question, would now be a good time to short USD/CHF with the target down round 1.16-1.17? It looks at the top of its downtrend channel on the daily chart, thats why i ask..

Thanks again



PS Just to clear up for everyone, trade advice not wanted, but opinion is what i'm after
  • #190
  • Apr 3, 2007 10:32pm Apr 3, 2007 10:32pm
Igrok,
Would you take a short EUR/USD position base on a change of direction for the week. It also broke the comb
  • #191
  • Apr 4, 2007 1:21pm Apr 4, 2007 1:21pm
Igrok,

big question for you

... can you use your method in any other market besides forex? Alot of your method is based off timing.. in the stock market for example how could you apply what you teach to work just as well as it does in forex. The chart patterns and formations are all the same I assume (correct me on that if I am wrong), but the timing is an important aspect, and can not be applied the same way. Your thoughts???

Hope to hear back from you soon!
Dave
  • #192
  • Apr 4, 2007 1:58pm Apr 4, 2007 1:58pm
Quoting superdezign
I have a few questions for you for I am reading your book and a few things remain unclear to me...

Do you open a trade as soon as the price breaks the trendline? or do you wait for some sort of confirmation?


and..

What happens when the price passes below and above a trendline multiple times without going in a clear direction
1. There are not that many templates that recommend trading on the break of a trendline. But since in all cases the level for stops gets defined in advance there is no need to wait for a confirmation.
2. Multiple breaks of any line automatically negate its significance.
  • #193
  • Apr 4, 2007 2:02pm Apr 4, 2007 2:02pm
Quoting Blackinc
Igrok,

Just a quick question, would now be a good time to short USD/CHF with the target down round 1.16-1.17? It looks at the top of its downtrend channel on the daily chart, thats why i ask..

Thanks again

PS Just to clear up for everyone, trade advice not wanted, but opinion is what i'm after
Doesn't look like a channel to me. Rather a diamond with yet unclear upper right border or something else not so obvious at the moment. just keep in mind that "opinions lose money". Stay with the market and trade the "probabilities" rather than "analyisis" and "opinions".
  • #194
  • Apr 4, 2007 2:04pm Apr 4, 2007 2:04pm
Quoting jotty
Igrok,
Would you take a short EUR/USD position base on a change of direction for the week. It also broke the comb
Intraday there was a clear signal to trade on #18.4 with tight stops. The change of the direction of the week just added some credibility to that intraday trade.
  • #195
  • Apr 4, 2007 2:13pm Apr 4, 2007 2:13pm
Quoting superdezign
Igrok,

big question for you

... can you use your method in any other market besides forex? Alot of your method is based off timing.. in the stock market for example how could you apply what you teach to work just as well as it does in forex. The chart patterns and formations are all the same I assume (correct me on that if I am wrong), but the timing is an important aspect, and can not be applied the same way. Your thoughts???

Hope to hear back from you soon!
Dave
I guess any charts can be traded on the templates or even on TA in general. Even a cardiogram. Apparenly the time scale is going to be different but it can also be adjusted to a particular chart or a particular market.
I have never been interested in anything other than Forex in live trading, but I also get numerous examples that my students have been able to apply the method successfuly in other financial markets.
  • #196
  • Apr 4, 2007 2:40pm Apr 4, 2007 2:40pm
Quoting Igrok
I guess any charts can be traded on the templates or even on TA in general. Even a cardiogram. Apparenly the time scale is going to be different but it can also be adjusted to a particular chart or a particular market.
I have never been interested in anything other than Forex in live trading, but I also get numerous examples that my students have been able to apply the method successfuly in other financial markets.

Great! thank you for your quick reply.

Also I have been getting a bunch of different answers from everyone on when the Asia session closes.. It says on your chart examples that the Asia session closes around 12:30 EST and begins at 5:00 EST.. when do you find the best and most profitable trading opportunities using the setups you decribed for that session ?

Thank you!!
Dave
  • #197
  • Apr 4, 2007 2:47pm Apr 4, 2007 2:47pm
Quoting Igrok
Intraday there was a clear signal to trade on #18.4 with tight stops. The change of the direction of the week just added some credibility to that intraday trade.
wow....interesting...I didn't realize that. I guess it's too late now.
  • #198
  • Apr 4, 2007 4:26pm Apr 4, 2007 4:26pm
Quoting superdezign
Great! thank you for your quick reply.

Also I have been getting a bunch of different answers from everyone on when the Asia session closes.. It says on your chart examples that the Asia session closes around 12:30 EST and begins at 5:00 EST.. when do you find the best and most profitable trading opportunities using the setups you decribed for that session ?

Thank you!!
Dave
There is no strategy for Asian session alone as there is nothing specific about it can be singled out. Those strategies based on ADTR are to be applied for 24 hour period and cover the entire trading day.
  • #199
  • Apr 4, 2007 4:27pm Apr 4, 2007 4:27pm
Quoting tradeigel
wow....interesting...I didn't realize that. I guess it's too late now.
Don't worry. The template #18.4 can be traded almost daily.
  • #200
  • Apr 4, 2007 7:14pm Apr 4, 2007 7:14pm
Quoting Igrok
Doesn't look like a channel to me. Rather a diamond with yet unclear upper right border or something else not so obvious at the moment.

I'm getting better at identifying patterns, and instead of trying to "fit" price action into shapes, just trying different shapes over charts, i've got to say its extremely interesting, and highly enjoyable! (Yes i may be weird)

Looks like i need a better look at the swissy tho
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