Igrok Method. Q's & A's. Comments, thoughts and ideas | Page 168 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

ECN && STP && Scalping && Hedging - Broker Review - Oct 2009 24 replies

Trading technical analysis system based on Igrok method 137 replies

Forex Ideas & Comments 18 replies

The IGROK files - Adventures of a rookie using the Igrok method 416 replies

Fibonacci thoughts & ideas.... 13 replies

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

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

  • #3,341
  • Apr 8, 2009 8:43am Apr 8, 2009 8:43am
Quoting g_j_hook@yah
ok,these are new patterns for me. shouldnt the expected break be to the downside??
thanx jon

nobody knows the brkout direction.

i am trading different brkouts.
just wait for the brkout and go with the trend.
if we break down, i will go short.
if we break up, i will go long.


the good thing on all brkout-patterns is the very good "RRR" (reward / risk ratio).

A good diamond with not too fast brkout-candle has an RRR of minimum 4, which is extrem profitable.
  • #3,342
  • Apr 8, 2009 9:28am Apr 8, 2009 9:28am
Quoting zeuzera
nobody knows the brkout direction.

i am trading different brkouts.
just wait for the brkout and go with the trend.
if we break down, i will go short.
if we break up, i will go long.


the good thing on all brkout-patterns is the very good "RRR" (reward / risk ratio).

A good diamond with not too fast brkout-candle has an RRR of minimum 4, which is extrem profitable.
Thanks Zeuzera

Where do you put your stop loss on that RRR calculation?
  • #3,343
  • Apr 8, 2009 10:44am Apr 8, 2009 10:44am
Quoting tenshi
Thanks Zeuzera

Where do you put your stop loss on that RRR calculation?
i put my SL just over the last consolidation or few pips above the brkout-candle.
in this case my trigger chart is 15M.

now good chance with nice trigger
GU

if we on 15M close under the red field, i will go short

http://img239.imageshack.us/img239/5396/gu88i.gif

in two hours i will go to the bar to watch Bayer-Barcelona (soccer) on TV. so i hope that i will get this entry befor
  • #3,344
  • Apr 8, 2009 11:55am Apr 8, 2009 11:55am
Don't mix closing-candles and all that junk along with diamonds. It's perfectly simple and doesn't require much brain-power to set the plan once the pattern have presented itself; buy limit 5 pips ahead of the line. SL below the red line. TP at the opposite side of the pattern. Za vashié zdarovié
Attached Image
Measure twice, cut once
  • #3,345
  • Apr 8, 2009 2:09pm Apr 8, 2009 2:09pm
Quoting aediaz1
Don't mix closing-candles and all that junk along with diamonds. It's perfectly simple and doesn't require much brain-power to set the plan once the pattern have presented itself; buy limit 5 pips ahead of the line. SL below the red line. TP at the opposite side of the pattern. Za vashié zdarovié
hi aediaz, most diamonds i see, price only touches the boarders twice and breaks on the third. do you consider these as reliable as diamonds which breaks on the fourth??
PATIENCE... DISCIPLINE
  • #3,346
  • Apr 8, 2009 3:31pm Apr 8, 2009 3:31pm
Quoting g_j_hook@yah
hi aediaz, most diamonds i see, price only touches the boarders twice and breaks on the third. do you consider these as reliable as diamonds which breaks on the fourth??
Knowing the basic would answer that question. Your asking about the difference between a potential diamond and a fully formed one which is described in ze book.
Measure twice, cut once
  • #3,347
  • Apr 8, 2009 3:49pm Apr 8, 2009 3:49pm
Quoting aediaz1
Knowing the basic would answer that question. Your asking about the difference between a potential diamond and a fully formed one which is described in ze book.
this diamond was confirmed by igrok.this is the kind of two touches i was talking about??
Attached Image (click to enlarge)
Click to Enlarge Name: diamond.jpg Size: 106 KB
PATIENCE... DISCIPLINE
  • #3,348
  • Apr 9, 2009 12:36am Apr 9, 2009 12:36am
GU long 1,4728
SL 1,4699
TP 1,4900
  • #3,349
  • Apr 9, 2009 12:39am Apr 9, 2009 12:39am
Quoting zeuzera
GU long 1,4728
SL 1,4699
TP 1,4900
Based on what template?
  • #3,350
  • Apr 9, 2009 12:41am Apr 9, 2009 12:41am
Quoting zeuzera
GU long 1,4728
SL 1,4699
TP 1,4900
diamond brkout:

http://img22.imageshack.us/img22/5420/19696983.gif
  • #3,351
  • Apr 9, 2009 12:48am Apr 9, 2009 12:48am
Quoting zeuzera
diamond brkout:
Your TL's doesnt make any technical significance as they are cut by price action. Please follow Igrok and post correctly drawn pattern so that its less confusing for traders just starting and not. Anyway the point has been already mentioned by my buddy aediaz1 yesterday.
  • #3,352
  • Apr 9, 2009 1:10am Apr 9, 2009 1:10am
http://img22.imageshack.us/img22/2940/dcd.gif
Quoting belekas
Your TL's doesnt make any technical significance as they are cut by price action. Please follow Igrok and post correctly drawn pattern so that its less confusing for traders just starting and not. Anyway the point has been already mentioned by my buddy aediaz1 yesterday.
  • #3,353
  • Apr 9, 2009 1:14am Apr 9, 2009 1:14am


Alot better now but still not my taste of trade. Good luck.
  • #3,354
  • Apr 9, 2009 7:23am Apr 9, 2009 7:23am
1hr USD/JPY "possible" comb broken to the upside as expected.
  • #3,355
  • Apr 9, 2009 9:01am Apr 9, 2009 9:01am
Quoting belekas
1hr USD/JPY "possible" comb broken to the upside as expected.
Hi Belekas, you two seem to have done a lot of combs so if you don't mind sharing your experience.

Where do you set your stop loss for this comb? The template quotes SL to go below the daily range, so that would be about 58 pips, which seems rather large. Do you have an alternative to this that works? Or perhaps I am seeing a different comb?
Attached Image (click to enlarge)
Click to Enlarge Name: comb_ju.gif Size: 8 KB
  • #3,356
  • Apr 9, 2009 9:39am Apr 9, 2009 9:39am
Quoting tenshi
Hi Belekas, you two seem to have done a lot of combs so if you don't mind sharing your experience.

Where do you set your stop loss for this comb? The template quotes SL to go below the daily range, so that would be about 58 pips, which seems rather large. Do you have an alternative to this that works? Or perhaps I am seeing a different comb?
Im very busy these days with setting up my new computer equipment and moving to TradeStation. Once i get a chance i will ellaborate a little more, but if you go back in the thread im sure you will find what you are looking for.

Regards
  • #3,357
  • Edited Apr 10, 2009 1:54am Apr 9, 2009 8:46pm | Edited Apr 10, 2009 1:54am
The pounds Average Daily Range for the week isn't even half the normal. Might be an active day today.

EDIT: just realized we are into holidays... big week next week then.
  • #3,358
  • Apr 15, 2009 12:00pm Apr 15, 2009 12:00pm
hi guys ,
these are the 2 trades I took today , still in the last one. Good diamonds in my opinion
Attached Image (click to enlarge)
Click to Enlarge Name: 1.gif Size: 16 KB
  • #3,359
  • Edited 2:50am Apr 16, 2009 2:36am | Edited 2:50am
Possible ascending channel building on USD/CHF 60min?
Attached Image (click to enlarge)
Click to Enlarge Name: usd_chf_60min_bullishchannel_160409.jpg Size: 64 KB
  • #3,360
  • Edited 4:29am Apr 16, 2009 3:39am | Edited 4:29am
Would love to see more touches on the right side of this potential 4hr AUD/JPY diamond, or maybe H&S?:

edit: right side still missing, lets see if the market had similar pattern in mind.
Attached Image (click to enlarge)
Click to Enlarge Name: aud_jpy_240min_diamond_160409.jpg Size: 59 KB
56 traders viewing now