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

  • #3,601
  • Edited 2:34am Jun 4, 2009 2:12am | Edited 2:34am
Quoting aediaz1
Seems so.
Broken to the upside by now. Looks like potential ascending channel on 4hr
  • #3,602
  • Jun 4, 2009 2:41am Jun 4, 2009 2:41am
Quoting belekas
Broken to the upside by now. Looks like potential ascending channel on 4hr
Yes, targeting upper side of that channel makes sense. Seems like the market had something else than diamond forming.
Measure twice, cut once
  • #3,603
  • Edited 9:33am Jun 4, 2009 5:10am | Edited 9:33am
Hi I have the book and have just finished reading it.

1). I would like to ask how has the Average Daily Trading Range Templates been working for you people here. I find the 19.x and 20.x templates quite hard to apply as the markets wont let you have a "nice picture" to fit them.

2). I applied it on my live micro account this week and I found it to be profitable so far. But, as of now I am having a loss of about 40 pips as I trailed my stops behind and and hoping to let the profits run. I don't think this technique was mentioned in the book. The prices retraced to take out the stops but made greater profits in the end. So should I continue to do this?

3). In the hope of letting the profits run, can I hold my positions till next day instead of end of day or reaching "Average Daily Range" (I find this very hard to gauge)? I can't close my positions as I am sleeping (I am in Asian session).

4). Also for the pip ranges and currency pairs listed in the 18.x templates, are they up to date and will continue to be applicable in the future? For example I know Cable was not included in some of them but was later mentioned by Igrok that it is applicable by all the 18.x templates and that some pairs cannot fit into the pip ranges mentioned. I noticed 18.5 left out USDJPY. Is this a typo?

5). Whatever happened to Fig. 20.7b?

Thank you
  • #3,604
  • Jun 4, 2009 5:57pm Jun 4, 2009 5:57pm
Hi there....There is a Diamond on Eur/Jpy 1 hr Chart. The only thing I am not sure what kind of diamond it is. Readind this thread it should be break upside. well I Guess.. Any ideas ?
  • #3,605
  • Jun 5, 2009 5:49am Jun 5, 2009 5:49am
Quoting aediaz1
Yes, targeting upper side of that channel makes sense. Seems like the market had something else than diamond forming.
And here we are at the upper side of the channel. That comb kicked in hard lol
  • #3,606
  • Edited 3:38pm Jun 5, 2009 12:30pm | Edited 3:38pm
EUR/USD short from the top* worked out really good. So did the USD/JPY comb. Very good feeling when the plan works out. Cant complain about it

Have a good weekend everyone and once again thanks to Mr Igrok

edit: interesting picture on both euro and swissey. More USD bull on the way or reverse from around here?
  • #3,607
  • Jun 5, 2009 12:49pm Jun 5, 2009 12:49pm
Yea seems to be good

Regards
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  • #3,608
  • Jun 6, 2009 1:34am Jun 6, 2009 1:34am
Quoting belekas
EUR/USD short from the top* worked out really good. So did the USD/JPY comb. Very good feeling when the plan works out. Cant complain about it

Have a good weekend everyone and once again thanks to Mr Igrok

edit: interesting picture on both euro and swissey. More USD bull on the way or reverse from around here?
Hi Belekas,

Just wanted to compare notes on the USD/JPY comb trade that you took. The price first penetrated the comb line (or upper triangle line on hourly) and about 6 hours later retraced back into the line with about 11 pips below the line and then back out again for the grand move. I was wondering if you took the first penetration or the second. If the first, did you leave your stop where it was initially or trailed it up and down again during the second penetration. Its really hard for me to know if the first penetration of a line is going to be successful. Hope you dont mind sharing your strategy.


Thanks,

Davelochen
  • #3,609
  • Jun 6, 2009 5:04am Jun 6, 2009 5:04am
Quoting davelochen
Hi Belekas,

Just wanted to compare notes on the USD/JPY comb trade that you took. The price first penetrated the comb line (or upper triangle line on hourly) and about 6 hours later retraced back into the line with about 11 pips below the line and then back out again for the grand move....
Hi Dave. I bought the 4hr TL break as we are dealing with a dayly formation. I hid my stop below the ascending "tentative" bullish line. Was a brave thing to do but it payed of nice.
  • #3,610
  • Jun 6, 2009 5:08pm Jun 6, 2009 5:08pm
Quoting belekas
Hi Dave. I bought the 4hr TL break as we are dealing with a dayly formation. I hid my stop below the ascending "tentative" bullish line. Was a brave thing to do but it payed of nice.
Thanks for the response .....
  • #3,611
  • Jun 7, 2009 10:40pm Jun 7, 2009 10:40pm
Flat surface on CAD/JPY.
  • #3,612
  • Jun 8, 2009 4:10am Jun 8, 2009 4:10am
Quoting belekas
Flat surface on CAD/JPY.
belekas - would this be a 20.3a with the flat surface at the 89.10 level?
  • #3,613
  • Edited 8:59am Jun 8, 2009 4:50am | Edited 8:59am
Quoting belekas
EUR/USD short from the top* worked out really good. So did the USD/JPY comb. Very good feeling when the plan works out. Cant complain about it

Have a good weekend everyone and once again thanks to Mr Igrok

edit: interesting picture on both euro and swissey. More USD bull on the way or reverse from around here?
Added more to the EUR/USD short on the break of 4hr channel. Was tempted and took a buy on Swissey as well. Both positions secured with stops in profit. Would be nice to ride EUR/USD to the 1.33 level, take profit of the shorts and reverse to long position. Very optimistic

edit: decided to take todays profit and closed both trades for a total of +4% instead of 8%.
  • #3,614
  • Jun 8, 2009 5:02am Jun 8, 2009 5:02am
Quoting HapaSasa
belekas - would this be a 20.3a with the flat surface at the 89.10 level?
Mine is around 89.06
  • #3,615
  • Jun 9, 2009 2:40am Jun 9, 2009 2:40am
Do we have a comb on the 1 hour chart? Could it become one on the 4 hour chart as well? Thanks, Sebastien.
  • #3,616
  • Jun 9, 2009 6:50am Jun 9, 2009 6:50am
possible diamond gbp/chf 4hr?
  • #3,617
  • Jun 9, 2009 12:30pm Jun 9, 2009 12:30pm
NZD/JPY little candy:
Attached Image (click to enlarge)
Click to Enlarge Name: nzd_jpy.jpg Size: 82 KB
  • #3,618
  • Edited 11:32pm Jun 9, 2009 11:04pm | Edited 11:32pm
Quoting belekas
NZD/JPY little candy:
Woke up with ~100 pip floating profit. Profit target @ 62.23 Good trading everyone. Regards.
  • #3,619
  • Jun 10, 2009 2:06am Jun 10, 2009 2:06am
Quoting belekas
NZD/JPY little candy:
yeah definately good eye candy...nice to hear yur doing well ..hard work always pays
  • #3,620
  • Jun 10, 2009 4:32am Jun 10, 2009 4:32am
Quoting nAVIN2007
yeah definately good eye candy...nice to hear yur doing well ..hard work always pays
Closed 2/3 @ 62.19 (bearish 4hr TL) for 125 pips and leaving 1/3 to run incase it breaks higher. Diamond profit target reached. Hope you guys caught a piece of it and nAVIN, hope your doing good as well. Cheers!
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