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

eu/gb 1h comb just breaking...
eu/nz just broke that little channel to the downside....

jon

UJ m30

Yesterday TP (patterns bottom) hit. Sold once more below diamonds/triangles bottom. Let's see.

Nice. I'm still short from .8989 based on intraday template =)

Lovely. Targeting .8550 or .8635? The weekly TL is there as well at around .8730

I have actually no target for this anymore as the weekly range got hit, I adjusted my SL thats about it. I'm simply trailing it downward hoping the trend to last forever

I like it

Hope, Igrok's favorite word

And so popular in real life I'm still angry on myself not beying at my trading desk when I had to. EURJPY was perfectly tradable by the projection that I had ready before action took place. Damn

GBP

GBPUSD D1

USDJPY.

15m.

Allso looks like comb on h4 timefrime, whitch allready played out...

There was a chance to get in early...

...but I played it conservatively and waited until the break of the larger triangle.

I don't know if Igrok still monitor this thread (his last post seems to be Oct 2009), but I want to show my appreciation for his book.

I find that his book is very complete in describing his believes and reasoning that form his strategies and techniques. Since I agree with his believes (specifically regarding trading range), I can understand easily his ADTR techniques. And it really makes me more confident in taking a trade, since I agree with the believes behind the strategy.

Before using Igrok method, I used a strategy I learned from a mentor. The strategy is based on the believe that the market will go higher or lower indefinitely given enough momentum. It's a great strategy, but it didn't work for me because I don't share the believe behind the strategy. Thus, I always hesitated when opening a position.

I guess what DR Van Tharp said in his book is right : We don't trade the market, instead we trade what we believe about the market. So, Igrok method may not be for everyone, but it works for me coz I share his believes about the market.

NASDAQ H4
Any ideas?

Looks plausible on the surface, but...

1) The left-side does not look to have a valid sequence

and

2) As a supporting factor I would like to see similar formations in DOW and S&P - but they don't have anything near like this.

However, I'm going to keep an eye on it.

Thanks for the heads-up.


Magnus

Is it a intraday diamond formation on USD/JPY from 23:15 18-th jan to 09:31 19-th jan ?

well said, i am with you - hoping the trend will last forever. i joined seller's camp at 8864

usd zar hourly triangle below.