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

  • #4,721
  • Jan 29, 2010 9:44am Jan 29, 2010 9:44am
  •  Yuppie
  • Joined Jun 2007 | Status: ̿ ̿ ̿̿'̿̿\̵͇̿̿\=(•̪●)=/̵͇̿̿/'̿̿ ̿ | 2,727 Posts
Quoting tisnadi
Almost didn't take this trade coz it's very obvious and it's mentioned so many time in this thread. Decided to take it. Apparently it's obvious for us, but maybe not for everybody else

And the gap closed perfectly... scary!
  • #4,722
  • Jan 29, 2010 10:23am Jan 29, 2010 10:23am
Quoting Yuppie
And the gap closed perfectly... scary!
Exactly. Must reach target .

I was tempted to target lower than that considering weekly range is very short.. but decided not to be too greedy.
  • #4,723
  • Jan 29, 2010 10:28am Jan 29, 2010 10:28am
Quoting tisnadi
Almost didn't take this trade coz it's very obvious and it's mentioned so many time in this thread. Decided to take it. Apparently it's obvious for us, but maybe not for everybody else
I had the very same idea myself But you have to remember, those few participants along this thread are not the usual fx trader
Measure twice, cut once
  • #4,724
  • Jan 29, 2010 6:09pm Jan 29, 2010 6:09pm
Quoting aediaz1
I had the very same idea myself But you have to remember, those few participants along this thread are not the usual fx trader
Hahaha.... you are absolutely right. Thanks for keeping this thread alive. This is a very valuable source of information. You can make a book out of the information in this thread (I'm still catching up, on page 160 now).
  • #4,725
  • Edited 9:49pm Jan 29, 2010 9:36pm | Edited 9:49pm
Gold weekly : 3rd touch on the weekly TL

Will move to lower TF to find an entry with nice RR

Add-on :
Silver having some nice scenario whereby -ve daily div pointing down to 15.68, while 4x +ve h1 div pointing up to 18.00.
The most prefered scenario will be market hit 15.68 then reverse up to 18
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  • #4,726
  • Jan 30, 2010 9:26am Jan 30, 2010 9:26am
Quoting tisnadi
Hahaha.... you are absolutely right. Thanks for keeping this thread alive. This is a very valuable source of information. You can make a book out of the information in this thread (I'm still catching up, on page 160 now).
Good luck on your journey.

It seems more than reasonable to see gbpusd drop even more based on weekly close and some other factors.

I don't depend on it anymore, but sure it would be interesting to see how Igrok's great mind evaluated some of these scenarios.
Measure twice, cut once
  • #4,727
  • Jan 30, 2010 10:57am Jan 30, 2010 10:57am
Quoting aediaz1
It seems more than reasonable to see gbpusd drop even more based on weekly close and some other factors.
Hello all, my take on Cable for what it's worth. I agree with Aediaz in a further drop, but i don't think i'll be interested until we're nearer one of the levels identified below.

p.s. Nice thread by the way, i hope you don't mind me dropping in and perhaps sharing a few lines

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  • #4,728
  • Jan 30, 2010 11:21am Jan 30, 2010 11:21am
  •  Yuppie
  • Joined Jun 2007 | Status: ̿ ̿ ̿̿'̿̿\̵͇̿̿\=(•̪●)=/̵͇̿̿/'̿̿ ̿ | 2,727 Posts
I'm struggling with the left-hand side of the cable diamond.

Which [of the two dotted lines] is more technically valid?


Cheers,

Magnus
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  • #4,729
  • Jan 30, 2010 11:32am Jan 30, 2010 11:32am
Quoting Yuppie
I'm struggling with the left-hand side of the cable diamond.

Which [of the two dotted lines] is more technically valid?


Cheers,

Magnus
Hi Magnus, i don't feel qualified to comment on diamonds, but if you look at it on a weekly or monthly chart, i think the upper line looks more relevant.

Would be interested to see what Aediaz thinks.

Dan
  • #4,730
  • Jan 30, 2010 11:46am Jan 30, 2010 11:46am
Quoting Yuppie
I'm struggling with the left-hand side of the cable diamond.

Which [of the two dotted lines] is more technically valid?


Cheers,

Magnus
Hi Magnus. Lower line seems more logical to me in the picture. As the sequence of the price moves would be correct using the line.
Twitter: MrC_Forex ; Facebook: /pages/MrC-Forex/197693770247397
  • #4,731
  • Jan 30, 2010 1:22pm Jan 30, 2010 1:22pm
Would love to see a triangle on daily.
Attached Image (click to enlarge)
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Twitter: MrC_Forex ; Facebook: /pages/MrC-Forex/197693770247397
  • #4,732
  • Jan 30, 2010 2:58pm Jan 30, 2010 2:58pm
A nicely filled descending wedge on hourly E/J.
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Twitter: MrC_Forex ; Facebook: /pages/MrC-Forex/197693770247397
  • #4,733
  • Jan 30, 2010 3:17pm Jan 30, 2010 3:17pm
  •  Yuppie
  • Joined Jun 2007 | Status: ̿ ̿ ̿̿'̿̿\̵͇̿̿\=(•̪●)=/̵͇̿̿/'̿̿ ̿ | 2,727 Posts
Quoting Mr.C
Hi Magnus. Lower line seems more logical to me in the picture. As the sequence of the price moves would be correct using the line.

Thanks for your input C.

I was favouring the lower line as well.


Cheers,

Magnus
  • #4,734
  • Jan 30, 2010 3:26pm Jan 30, 2010 3:26pm
Quoting Yuppie
Thanks for your input C.

I was favouring the lower line as well.


Cheers,

Magnus
You're welcome bro.
Twitter: MrC_Forex ; Facebook: /pages/MrC-Forex/197693770247397
  • #4,735
  • Jan 31, 2010 10:00am Jan 31, 2010 10:00am
Quoting Yuppie
I'm struggling with the left-hand side of the cable diamond.

Which [of the two dotted lines] is more technically valid?


Cheers,

Magnus

Redraw the same lines on monthly chart and you will the idea.
  • #4,736
  • Jan 31, 2010 10:04am Jan 31, 2010 10:04am
Quoting AstonDan
Hello all, my take on Cable for what it's worth. I agree with Aediaz in a further drop, but i don't think i'll be interested until we're nearer one of the levels identified below.

p.s. Nice thread by the way, i hope you don't mind me dropping in and perhaps sharing a few lines

Attachment

This one was a sure trade for the reason that up to NY session Friday opening that week's range was at least a hundred pips short of it's minimal weekly range calculated for the last 10 months and more.
  • #4,737
  • Jan 31, 2010 10:08am Jan 31, 2010 10:08am
Quoting Igrok
This one was a sure trade for the reason that up to NY session Friday opening that week's range was at least a hundred pips short of it's minimal weekly range calculated for the last 10 months and more.
Thanks for the relpy Igrok.

I have been a technical trader for a while but have just discovered your book and this thread. I hope to join in more over the coming months.

Dan
  • #4,738
  • Jan 31, 2010 10:19am Jan 31, 2010 10:19am
  •  Yuppie
  • Joined Jun 2007 | Status: ̿ ̿ ̿̿'̿̿\̵͇̿̿\=(•̪●)=/̵͇̿̿/'̿̿ ̿ | 2,727 Posts
Thanks to gabs for a heads-up on this one.
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  • #4,739
  • Jan 31, 2010 10:23am Jan 31, 2010 10:23am
  •  Yuppie
  • Joined Jun 2007 | Status: ̿ ̿ ̿̿'̿̿\̵͇̿̿\=(•̪●)=/̵͇̿̿/'̿̿ ̿ | 2,727 Posts
Quoting Igrok
Redraw the same lines on monthly chart and you will the idea.

Ah-haa. Yes, crystal clear now.


Igrok, just want to extend my gratitude.

My trading is really starting to turn around thanks to your book. But probably more so to the thread here, its historical discussions and the few who hang around helping the newer guys out.

Nice to catch you on here.


Magnus


p.s. did that second article in Currency Trader magazine ever get published?
  • #4,740
  • Jan 31, 2010 11:16am Jan 31, 2010 11:16am
Quoting Yuppie
Ah-haa. Yes, crystal clear now.


Igrok, just want to extend my gratitude.

My trading is really starting to turn around thanks to your book. But probably more so to the thread here, its historical discussions and the few who hang around helping the newer guys out.

Nice to catch you on here.


Magnus


p.s. did that second article in Currency Trader magazine ever get published?
Glad to hear that. Hope you will benefit from it even greater over time. The article has never been published but it's possible that I will include it in my next book in case I decide to write another one some day.
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