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

  • #4,681
  • Jan 27, 2010 7:27am Jan 27, 2010 7:27am
how subjective are diamond patterns?
  • #4,682
  • Jan 27, 2010 7:28am Jan 27, 2010 7:28am
  •  Yuppie
  • Joined Jun 2007 | Status: ̿ ̿ ̿̿'̿̿\̵͇̿̿\=(•̪●)=/̵͇̿̿/'̿̿ ̿ | 2,727 Posts
Quoting creativename
how subjective are diamond patterns?

Diamond patterns are Black and White.

The subjectivity comes in when they are identified incorrectly.


Magnus
  • #4,683
  • Jan 27, 2010 7:30am Jan 27, 2010 7:30am
Quoting Yuppie
Same here.

Traded it. Both ways.

Got absolutely killed.




Magnus
Different from Igrok, I have my SL always 5 pips below/above daily high/low.

soyabean: You have to study the template. Notice what's the key element defining i.e 18.1. Its not an easy task, I have used years to finally understand those intraday templates.
Measure twice, cut once
  • #4,684
  • Jan 27, 2010 7:42am Jan 27, 2010 7:42am
  •  Yuppie
  • Joined Jun 2007 | Status: ̿ ̿ ̿̿'̿̿\̵͇̿̿\=(•̪●)=/̵͇̿̿/'̿̿ ̿ | 2,727 Posts
Quoting aediaz1
Different from Igrok, I have my SL always 5 pips below/above daily high/low.

Interesting. I'm only starting to trade the templates - and so far not so good.

Leaving 5-pips grace... in this particular case it would have kept me out of the second trade (short) but not the first. By the third I was jaded.


Cheers aediaz1,

Magnus
  • #4,685
  • Jan 27, 2010 7:44am Jan 27, 2010 7:44am
Quoting Yuppie
Interesting. I'm only starting to trade the templates - and so far not so good.

Leaving 5-pips grace... in this particular case it would have kept me out of the second trade (short) but not the first. By the third I was jaded.


Cheers aediaz1,

Magnus
IMO, gbp only offered a buy today based on 18.1.
Measure twice, cut once
  • #4,686
  • Jan 27, 2010 7:52am Jan 27, 2010 7:52am
  •  Yuppie
  • Joined Jun 2007 | Status: ̿ ̿ ̿̿'̿̿\̵͇̿̿\=(•̪●)=/̵͇̿̿/'̿̿ ̿ | 2,727 Posts
Quoting aediaz1
IMO, gbp only offered a buy today based on 18.1.

I can see the buy (which I took at 07:30GMT) when price broke the Asian session high. Then I took the loss and flipped short (at 08:50GMT) and was stopped out on that.

Why was this a buy only?


Regards,

Magnus
  • #4,687
  • Jan 27, 2010 7:56am Jan 27, 2010 7:56am
Quoting Yuppie
I can see the buy (which I took at 07:30GMT) when price broke the Asian session high. Then I took the loss and flipped short (at 08:50GMT) and was stopped out on that.

Why was this a buy only?


Regards,

Magnus
"From the day opening and throughout the Asian session, the market is
drifting up and down on both sides from the opening price within a 30 to
50-pip range but without forming any specific pattern."

"Take a position in the direction of the move on the break of the opposite
side of the range"

In other words, price should make an absolute low before the break.
Measure twice, cut once
  • #4,688
  • Jan 27, 2010 8:06am Jan 27, 2010 8:06am
it's on my menu today
Attached Image (click to enlarge)
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  • #4,689
  • Jan 27, 2010 8:07am Jan 27, 2010 8:07am
  •  Yuppie
  • Joined Jun 2007 | Status: ̿ ̿ ̿̿'̿̿\̵͇̿̿\=(•̪●)=/̵͇̿̿/'̿̿ ̿ | 2,727 Posts
Quoting aediaz1
"From the day opening and throughout the Asian session, the market is
drifting up and down on both sides from the opening price within a 30 to
50-pip range but without forming any specific pattern."

"Take a position in the direction of the move on the break of the opposite
side of the range"

In other words, price should make an absolute low before the break.

Would you not stop-and-reverse though aediaz?
  • #4,690
  • Jan 27, 2010 8:11am Jan 27, 2010 8:11am
Quoting Yuppie
Would you not stop-and-reverse though aediaz?
If price took out my SL, I would have been short yes.

Maybe this explains it better;
Attached Image (click to enlarge)
Click to Enlarge Name: gbp.gif Size: 23 KB
Measure twice, cut once
  • #4,691
  • Jan 27, 2010 8:16am Jan 27, 2010 8:16am
  •  Yuppie
  • Joined Jun 2007 | Status: ̿ ̿ ̿̿'̿̿\̵͇̿̿\=(•̪●)=/̵͇̿̿/'̿̿ ̿ | 2,727 Posts
Quoting aediaz1
If price took out my SL, I would have been short yes.

Maybe this explains it better;

Yep, perfect.

I've been placing orders (both entry and exit) 1-pip above/below levels.

Think I will have to review this.

Thank you aediaz...


Magnus
  • #4,692
  • Jan 27, 2010 8:32am Jan 27, 2010 8:32am
  •  Yuppie
  • Joined Jun 2007 | Status: ̿ ̿ ̿̿'̿̿\̵͇̿̿\=(•̪●)=/̵͇̿̿/'̿̿ ̿ | 2,727 Posts
Sell order missed by 3... yes, 3 ticks!

Attached Image (click to enlarge)
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  • #4,693
  • Jan 27, 2010 10:56am Jan 27, 2010 10:56am
Quoting mphpopular
it's on my menu today
main dish is still not here, let's take starter first

soup of the day :
symmetrical setup in nzdjpy
Attached Image (click to enlarge)
Click to Enlarge Name: nzdjpy h1 28-Jan-10.gif Size: 21 KB
  • #4,694
  • Jan 27, 2010 4:53pm Jan 27, 2010 4:53pm
JPY
  • #4,695
  • Jan 27, 2010 4:54pm Jan 27, 2010 4:54pm
comb or mirage guys ?

Attached Image (click to enlarge)
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Thank you Malcolm, Belekas, Jim, raczekfx and Ryanmcd !
  • #4,696
  • Edited Jan 28, 2010 1:59am Jan 27, 2010 7:47pm | Edited Jan 28, 2010 1:59am
Quoting mphpopular
it's on my menu today
main course bcome not delicious when It miss my LO by 2 pips (SHORT @ 3rd touch of UTL)
but still manage to short @ break of btm with smaller lot size

Update :
Target Hit
Attached Image (click to enlarge)
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  • #4,697
  • Jan 28, 2010 2:16am Jan 28, 2010 2:16am
  •  Yuppie
  • Joined Jun 2007 | Status: ̿ ̿ ̿̿'̿̿\̵͇̿̿\=(•̪●)=/̵͇̿̿/'̿̿ ̿ | 2,727 Posts
Perfect symmetry on AUD/USD last night.

GBP/USD triangle break.
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: 2010-01-28_GBPUSD_1_2.gif Size: 15 KB
  • #4,698
  • Jan 28, 2010 3:10am Jan 28, 2010 3:10am
Quoting Yuppie
Perfect symmetry on AUD/USD last night.

GBP/USD triangle break.
others nice setup during late asean session juz now:
#20.6 on ucad h1
#20.4 on nzdusd h1
  • #4,699
  • Jan 28, 2010 6:06am Jan 28, 2010 6:06am
Quoting belekas
Or something like this. Really hard to tell right now what the final shape will be if it comes out legit.
Let's see if we have bottomed out for now. Hope my fellow traders entered longs on some JPY crosses yesterday and are still holding till the "minimum must reach" targets are met, having in mind the bigger picture is still legit.
Attached Image (click to enlarge)
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  • #4,700
  • Jan 28, 2010 3:04pm Jan 28, 2010 3:04pm
Interesting view on GU. A comb and we might see a nice 19.10 in future on daily.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: gbpusd_100128_d.gif Size: 11 KB
Click to Enlarge Name: gbpusd_100128_h4.gif Size: 10 KB
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