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From Timex to Rolex via Forex/Igrok style

  • #181
  • Mar 25, 2010 4:20am Mar 25, 2010 4:20am
Quoting OGW
Hi, first let me tell you that I've been following your journal. I'm also learning the Igrok Method. So all of your charts are a great learning tool for me, thanks.

I would like to ask you a question about your post 153 about the usd-jpy pair, the one with two possible diamonds forming within each other. Actually I had the same on my chart. Now price has made it up to the 92.30 area, I think that now could be the time to draw the upper TL of a possible left-side triangle forming. The smaller broadening triangle, the second one now has its longest...
Hello. Nice to see you here.
Here's my point of view. We might just see a triangles break on H4, not the diamonds. To be honest I'm not sure if it's a diamond after all so I'm staying aside on this one and am just watching it. That is how I see it.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: usdjpy_100325_h4.gif Size: 21 KB
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  • #182
  • Mar 25, 2010 4:47am Mar 25, 2010 4:47am
Quoting songbo
Did you all place SL at the low of 23rd March 2010 ?
I did. As the stop was rather big here, I've just made my order size a bit smaller to fit in the 1% risk.
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  • #183
  • Mar 25, 2010 5:09am Mar 25, 2010 5:09am
Hi and thank you for your reply. It is forming an intra-day triangle today with about 4 touches of the lower trend-line. If it breaks down it will give me some confidence to hold it otherwise I'll just scrap it.
Another one that I'm looking at is the cad/jpy. What is your take on it? Please let me know if you prefer that I don't post setups in your journal...
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  • #184
  • Mar 25, 2010 5:28am Mar 25, 2010 5:28am
Quoting OGW
Hi and thank you for your reply. It is forming an intra-day triangle today with about 4 touches of the lower trend-line. If it breaks down it will give me some confidence to hold it otherwise I'll just scrap it.
Another one that I'm looking at is the cad/jpy. What is your take on it? Please let me know if you prefer that I don't post setups in your journal...
Always nice to see people who are keen to learn. So you're welcome here with your setups.

I can see the price in a ascending channel with a resistance line (sky blue). If you're thinking to sell there from that line it would be a risky trade because of the trend and the channel formation itself. Although I can see some unpaid divs showing down to ~89.66 (now forming on H1) and ~86.93 (H4). But we don't know if it's now the time that they will be payed.
So basically it's not a "A" class setup for me. But we can catch it with SL's and reverse orders in the right place. It depends when the line would be hit: timing, ADR..
Attached Image (click to enlarge)
Click to Enlarge Name: cadjpy_100325_d.gif Size: 18 KB
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  • #185
  • Mar 25, 2010 5:48am Mar 25, 2010 5:48am
Talking about JPY pairs I thought it's good to mention that some of them have traveled all the way back up from the bottom of the yearly range with MMOY beying down, thus allowing us to apply template #18.4 on the intra-year short position.
  • #186
  • Mar 25, 2010 5:50am Mar 25, 2010 5:50am
Quoting Mr.C
Always nice to see people who are keen to learn. So you're welcome here with your setups.

I can see the price in a ascending channel with a resistance line (sky blue). If you're thinking to sell ..

Thank you for your reply. I now see the channel and the risk of this trade better.
  • #187
  • Mar 25, 2010 6:48am Mar 25, 2010 6:48am
Quoting belekas
Talking about JPY pairs I thought it's good to mention that some of them have traveled all the way back up from the bottom of the yearly range with MMOY beying down, thus allowing us to apply template #18.4 on the intra-year short position.
Thanks bro.
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  • #188
  • Mar 25, 2010 8:14am Mar 25, 2010 8:14am
Quoting Mr.C
#18.1 on the AUD/JPY.
Same setup today.
Attached Image (click to enlarge)
Click to Enlarge Name: audjpy_100325_m30.gif Size: 15 KB
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  • #189
  • Mar 26, 2010 3:09am Mar 26, 2010 3:09am
Quoting Mr.C
A descending channel on EUR/GBP hourly.
The upper TL of the channel broken with the fourth touch as thought. SL at ~0.889 would be a big one, but we could still fit in the ~1% risk by changing the order size with a smaller one. Let's see how far up we'll get here and if the R:R will be a decent one.
Attached Image (click to enlarge)
Click to Enlarge Name: eurgbp_100326_h1.gif Size: 17 KB
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  • #190
  • Mar 26, 2010 3:33am Mar 26, 2010 3:33am
#20.6 on GBP/JPY. Targeting ~136.63 (div).
Attached Image (click to enlarge)
Click to Enlarge Name: gbpjpy_100326_h4.gif Size: 16 KB
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  • #191
  • Mar 26, 2010 5:09am Mar 26, 2010 5:09am
Just some thoughts on the U/J. Let's see what future brings.
Attached Image (click to enlarge)
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  • #192
  • Mar 27, 2010 5:44am Mar 27, 2010 5:44am
Quoting Mr.C
#20.6 on GBP/JPY. Targeting ~136.63 (div).
Stopped out by 4 pips (spread). Mistake made when putting SL and payed with -1%.
Attached Image (click to enlarge)
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  • #193
  • Mar 29, 2010 3:14am Mar 29, 2010 3:14am
#20.6 on AUD/USD played nicely reaching it's H1 div targets.
Attached Image (click to enlarge)
Click to Enlarge Name: audusd_100329_h1.gif Size: 19 KB
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  • #194
  • Mar 29, 2010 3:40am Mar 29, 2010 3:40am
Quoting Mr.C
#20.6 on AUD/USD played nicely reaching it's H1 div targets.
No surprise those div's gets filled
  • #195
  • Mar 31, 2010 1:41pm Mar 31, 2010 1:41pm
Let's see if I'm seeing the AUD/USD picture right.
Attached Image (click to enlarge)
Click to Enlarge Name: audusd_100331_h4.gif Size: 21 KB
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  • #196
  • Apr 1, 2010 4:58am Apr 1, 2010 4:58am
G/J looks interesting with divs pointing down on different TF's.
Attached Image (click to enlarge)
Click to Enlarge Name: gbpjpy_100401_h1.gif Size: 17 KB
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  • #197
  • Apr 2, 2010 7:06am Apr 2, 2010 7:06am
G/U looks like a start of a "candy". We'll see what future brings.
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd_100402_h4.gif Size: 18 KB
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  • #198
  • Apr 3, 2010 5:50am Apr 3, 2010 5:50am
Quoting Mr.C
G/J looks interesting with divs pointing down on different TF's.
The lower TL has been broken, but the price still continues to go up forming a channel like formation.
Attached Image (click to enlarge)
Click to Enlarge Name: gbpjpy_100403_h1.gif Size: 13 KB
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  • #199
  • Apr 3, 2010 5:57am Apr 3, 2010 5:57am
Quoting Mr.C
Just some thoughts on the U/J. Let's see what future brings.
The upper sky blue line invalidated. Could have been caught with reverse though and the usual 20-30 SL.
Attached Image (click to enlarge)
Click to Enlarge Name: usdjpy_100403_d.gif Size: 21 KB
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  • #200
  • Apr 4, 2010 4:34am Apr 4, 2010 4:34am
Happy Easter Everyone! Best wishes to belekas, aediaz1 and all you people..
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