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

  • #3,321
  • Apr 4, 2009 10:19pm Apr 4, 2009 10:19pm
Quoting aediaz1
Depends on what template you trade. Triangles, which I highly enjoy trading because of their chronically tight SL's and being a more frequently pattern than diamonds, 20-40 pips are in most cases enough. Again, nothing can be carved in stone here.

Here is 1 case on usd/cad last week. Although it seems like at total mess, it was quite easy to make at least 2 profitable trades, visualized with 2 green arrows. I was waiting to short it on the break of the lower boarder but price decided to break the upper boarder first making me skip it;
ok thanx aediaz,
the templates(19.10) recommend that (in the example of your chart) a buy stop order should have been placed at the projected 3rd touch of the lower TL, i assume you place the order a few pips BEFORE the price??? wot is your general rule of thumb here??iv been considering using a 5 pip "buffer" for this type of TF??
also a problem i have found in the past with placing orders is trying to guess the time frames involved.The more time price takes to reach the TLs the more the projected price changes? wots your views on this??
thanx for your time,
jon.
p.s. i cant believe i didnt see that triangle/wedge last week!!my favourite trades have always been the intraday pattern breaks.small consolodation patterns coming off the asian session are great to trade.
Thanx mr igrok for quantifying these trades in such a precise and proffesional way fantastic work sir!
PATIENCE... DISCIPLINE
  • #3,322
  • Apr 6, 2009 2:11am Apr 6, 2009 2:11am
Just finished 222 pages of this thread. It took a lot longer than Igors book! Best thread around.
Think I have picked up most things, except when the cognac is supposed to be drunk, and whether a cheaper brand can be used or not? I have the couch style worked out no problems.

Thanks also aediaz1 and belekas (and others) for your inputs too. Feel free to bash my ignorance with your opinions/thoughts as soon as I post them.
  • #3,323
  • Apr 7, 2009 2:16am Apr 7, 2009 2:16am
Igor, do you trade wedge breakouts? The only template I can think of is 19.8 but that is for an inclined channel breakout.

thanks
Jon
Attached Image (click to enlarge)
Click to Enlarge Name: gb_wedge_2.gif Size: 13 KB
  • #3,324
  • Apr 7, 2009 3:35am Apr 7, 2009 3:35am
Quoting g_j_hook@yah
ok thanx aediaz,
the templates(19.10) recommend that (in the example of your chart) a buy stop order should have been placed at the projected 3rd touch of the lower TL, i assume you place the order a few pips BEFORE the price??? wot is your general rule of thumb here??iv been considering using a 5 pip "buffer" for this type of TF??
also a problem i have found in the past with placing orders is trying to guess the time frames involved.The more time price takes to reach the TLs the more the projected price changes? wots your views on this??
thanx...
As the template says, orders can be placed 5 pips head.

Quoting tenshi
Just finished 222 pages of this thread. It took a lot longer than Igors book! Best thread around.
Think I have picked up most things, except when the cognac is supposed to be drunk, and whether a cheaper brand can be used or not? I have the couch style worked out no problems.

Thanks also aediaz1 and belekas (and others) for your inputs too. Feel free to bash my ignorance with your opinions/thoughts as soon as I post them.
If worrying about the Cognac happens to be the hardest thing to understand, I think you have done well
Measure twice, cut once
  • #3,325
  • Edited 10:26am Apr 7, 2009 5:23am | Edited 10:26am
comb??or does the time of day disqualify it??
thanx jon
EDIT: to answer my own q. the time of day has nothing to do with this pattern.sorry. i was confusing it with other templates
Attached Image (click to enlarge)
Click to Enlarge Name: comb.gif Size: 15 KB
PATIENCE... DISCIPLINE
  • #3,326
  • Apr 7, 2009 5:35am Apr 7, 2009 5:35am
Quoting g_j_hook@yah
comb??or does the time of day disqualify it??
thanx jon
I think it's not a valid one. Min 3 bars of 5 should touch the trendline
  • #3,327
  • Apr 7, 2009 5:40am Apr 7, 2009 5:40am
Good morning everyone

I was just wondering if Dow futures could qualify as a diamond or just wishful thinking on my part
Attached Image (click to enlarge)
Click to Enlarge Name: dow_futures.jpg Size: 100 KB
Thank you Malcolm, Belekas, Jim, raczekfx and Ryanmcd !
  • #3,328
  • Apr 8, 2009 12:05am Apr 8, 2009 12:05am
Thoughts?
Attached Image (click to enlarge)
Click to Enlarge Name: gb_dia.gif Size: 13 KB
  • #3,329
  • Apr 8, 2009 1:27am Apr 8, 2009 1:27am
a comb is shown on the aus/nz pair 4h chart but doesnt make sence on the smaller TFs,does this negate the pattern??
thanx jon
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 4 hour.jpg Size: 125 KB
Click to Enlarge Name: 1 hour.jpg Size: 116 KB
PATIENCE... DISCIPLINE
  • #3,330
  • Apr 8, 2009 1:59am Apr 8, 2009 1:59am
Quoting tenshi
Thoughts?

i dont see any confirmation for some bigger brkout on other GBP or USD in other pairs.

i will wait for 1-2 hours to see what will happend
  • #3,331
  • Apr 8, 2009 3:02am Apr 8, 2009 3:02am
Hello Mr. Igrok,
could you comment this one?
i think, its left top side almost aligns with right and today's open line almost matches with left lower side... Maybe template 18.4 could be used here?
can we call this not regular diamond formation or is it wishful thinking again?

Thank you for your ideas.
Attached Image (click to enlarge)
Click to Enlarge Name: possible m30.gif Size: 14 KB
  • #3,332
  • Apr 8, 2009 4:20am Apr 8, 2009 4:20am
eu/ch template 18.2 ?? looks good to me
PATIENCE... DISCIPLINE
  • #3,333
  • Apr 8, 2009 6:39am Apr 8, 2009 6:39am
Quoting zeuzera
i dont see any confirmation for some bigger brkout on other GBP or USD in other pairs.

i will wait for 1-2 hours to see what will happend
That seemed like a good decision!
  • #3,334
  • Apr 8, 2009 6:41am Apr 8, 2009 6:41am
Quoting g_j_hook@yah
eu/ch template 18.2 ?? looks good to me
Wasn't watching this pair, did you get on board?
  • #3,335
  • Apr 8, 2009 7:09am Apr 8, 2009 7:09am
Quoting tenshi
That seemed like a good decision!


i think that we have now much better picture:

http://img18.imageshack.us/img18/4826/77782778.gif

this could be nice brkout.
  • #3,336
  • Apr 8, 2009 7:25am Apr 8, 2009 7:25am
Quoting zeuzera


i think that we have now much better picture:



this could be nice brkout.
That definitely looks like a more balanced picture.
  • #3,337
  • Apr 8, 2009 7:49am Apr 8, 2009 7:49am
Quoting tenshi
Wasn't watching this pair, did you get on board?
only with my demo. just going into profit now.
PATIENCE... DISCIPLINE
  • #3,338
  • Apr 8, 2009 7:50am Apr 8, 2009 7:50am
Quoting zeuzera


i think that we have now much better picture:

http://img18.imageshack.us/img18/4826/77782778.gif

this could be nice brkout.
not keen on that diamond..??
PATIENCE... DISCIPLINE
  • #3,339
  • Apr 8, 2009 7:57am Apr 8, 2009 7:57am
Quoting g_j_hook@yah
not keen on that diamond..??
Yes keen, trying to guess direction. Diagonals are the same length!
  • #3,340
  • Apr 8, 2009 8:19am Apr 8, 2009 8:19am
Quoting tenshi
Yes keen, trying to guess direction. Diagonals are the same length!
ok,these are new patterns for me. shouldnt the expected break be to the downside??
thanx jon
PATIENCE... DISCIPLINE
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