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

  • #5,121
  • Mar 23, 2010 12:03pm Mar 23, 2010 12:03pm
Quoting wolfraider
Hello Igrok.Please say some “words of wisdom”

Igrok, some time ago, you sad that make about ten trades a month in average. Of course you monitor big amount of pairs. So, it’s interesting to know, how often per a month in average one single pair may present a worth low risk signal to use. USD/AUD pair for example. What to hope for?
The best would be the pair with the shortest possible stops and longest potential target, smallest spread and widest ADR.
"Low risk" signals don't exist.
  • #5,122
  • Mar 23, 2010 4:08pm Mar 23, 2010 4:08pm
NZDUSD DIAMOND
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  • #5,123
  • Mar 24, 2010 1:43am Mar 24, 2010 1:43am
usdjpy triangle
Attached Image (click to enlarge)
Click to Enlarge Name: usdjpy_H1.PNG Size: 28 KB
  • #5,124
  • Mar 24, 2010 2:12am Mar 24, 2010 2:12am
Quoting Slashback
Pls anyone tell me the ADR on USD/CHF...
ADR 103 (60days Avg.)
  • #5,125
  • Mar 24, 2010 2:43am Mar 24, 2010 2:43am
Quoting Slashback
Hello!

Pls anyone tell me the ADR on USD/CHF.

Thanks in advance!
Indicator: http://www.forexfactory.com/showthread.php?t=171894
  • #5,126
  • Mar 24, 2010 3:32am Mar 24, 2010 3:32am
Cute little symmetrical diamond:
Attached Image (click to enlarge)
Click to Enlarge Name: eurjpy_1m_diamond_100324.jpg Size: 85 KB
  • #5,127
  • Mar 24, 2010 3:37am Mar 24, 2010 3:37am
Hi,
any comments for 1, 2 or 3 way, how it will go?
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 2010-03-24_GBPUSD_3ways.png Size: 67 KB
Click to Enlarge Name: 2010-03-24_GBPUSD_H4.png Size: 56 KB
Click to Enlarge Name: 2010-03-24_GBPUSD_Daily.png Size: 53 KB
  • #5,128
  • Mar 24, 2010 3:40am Mar 24, 2010 3:40am
Quoting belekas
Cute little symmetrical diamond:
A beauty..
Twitter: MrC_Forex ; Facebook: /pages/MrC-Forex/197693770247397
  • #5,129
  • Mar 24, 2010 5:21am Mar 24, 2010 5:21am
Quoting FxSoldier
Hi,
any comments for 1, 2 or 3 way, how it will go?
That would be fortune telling.. :-)

I'm setting up for your #1 break TL (1.4949 on my chart). But the question should be 'where should I put my stop?'.
  • #5,130
  • Edited 6:34am Mar 24, 2010 5:37am | Edited 6:34am
Quoting tisnadi
That would be fortune telling.. :-)

I'm setting up for your #1 break TL (1.4949 on my chart). But the question should be 'where should I put my stop?'.
Above intraday HH at 1.50240 wuold be fine
  • #5,131
  • Mar 24, 2010 5:58am Mar 24, 2010 5:58am
Quoting tisnadi
That would be fortune telling.. :-)

I'm setting up for your #1 break TL (1.4949 on my chart). But the question should be 'where should I put my stop?'.
or above downward TL by 15 pips
  • #5,132
  • Mar 24, 2010 8:15am Mar 24, 2010 8:15am
It seem to me that 18.3 is one of those templates that usually goes well with news-releases too. A good one on gbp/jpy today.
Measure twice, cut once
  • #5,133
  • Mar 24, 2010 9:20am Mar 24, 2010 9:20am
Quoting PutaMadre
Above intraday HH at 1.50240 wuold be fine
GBP/USD day high is at 1.5041 at my chart?? Hmm.. maybe a different of 2 hrs for day start. But it's a good trade , reach my target at ADR just nice.

BTW, it a nice 20.5b setup on USD/JPY daily.
  • #5,134
  • Mar 24, 2010 11:25am Mar 24, 2010 11:25am
Hello Igrok!
Let me ask you.
Some time ago, you’ve sad that Crosses do play important part and have to be taken into consideration while chousing a certain pair for trading. Could you explain a little more?
There are so many uncovered, so many dangerous themes in forex !
  • #5,135
  • Mar 24, 2010 11:37am Mar 24, 2010 11:37am
Quoting wolfraider
Hello Igrok!
Let me ask you.
Some time ago, you’ve sad that Crosses do play important part and have to be taken into consideration while chousing a certain pair for trading. Could you explain a little more?
There are so many uncovered, so many dangerous themes in forex !
Apart from what have been said already, just avoid opening positions with correlated pairs at the same pair.

If you see an setup on 1h chart on both eur/usd and gbp/usd, you'd double your risk trading both since they are 90% correlated on that TF.
Measure twice, cut once
  • #5,136
  • Edited 1:54pm Mar 24, 2010 1:44pm | Edited 1:54pm
Quoting aediaz1
Apart from what have been said already, just avoid opening positions with correlated pairs at the same pair.

If you see an setup on 1h chart on both eur/usd and gbp/usd, you'd double your risk trading both since they are 90% correlated on that TF.

No no, not only! I think it's the matter about "warning signals" that appear at crosses. Сombs, gaps, divergences, overbought conditions? These signals at EUR/JPY or GBP/JPY cross may affect the USD/JPY major. But what are they? Igrok, what are the signals? There is so much uncovered !
  • #5,137
  • Mar 24, 2010 5:48pm Mar 24, 2010 5:48pm
GBP/USD 4th touch on the daily.
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  • #5,138
  • Mar 25, 2010 4:14am Mar 25, 2010 4:14am
Yet another 18.3 on gbpjpy.
Measure twice, cut once
  • #5,139
  • Mar 25, 2010 5:13am Mar 25, 2010 5:13am
Quoting aediaz1
Yet another 18.3 on gbpjpy.
where did u place the SL ?
  • #5,140
  • Edited 5:57am Mar 25, 2010 5:38am | Edited 5:57am
Quoting aediaz1
Yet another 18.3 on gbpjpy.
Hi,
18.3 is one of the hardest templates to trade, and at this example trading 18.3 against main move of yesterday, week, month.
And yesterday was strong trendline breakout against 18.3.
There is M15,M30,H1 divergence in favour for 18.3 template but it's not enough in my opinion.

Or i'm missing something?


edit: could SL be placed above downward trendline by 15pips (marked with red arow in second picture)?
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: 2010-03-25_GBPJPY_sl.png Size: 75 KB
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