Today, everyone should save the I.D action on usd/cad, generating 3 buy-signals! First we had 18.3 followed by 18.2 and at least 18.4
Why 18.3 ? Wouldnt that be dangerous since MM of week and yesterday was down. Just curious...
Igrok Method. Q's & A's. Comments, thoughts and ideas
- #5,226
- Apr 8, 2010 3:27am Apr 8, 2010 3:27am
- Joined Sep 2007 | Status: gone fishing | 5,782 Posts
Nice #18.1 both GU&GJ today....
- #5,229
- Apr 8, 2010 4:23am Apr 8, 2010 4:23am
- Joined Sep 2007 | Status: gone fishing | 5,782 Posts
Hi Belekas, nice post in your journal... G/U diamond, would you pass on a break to the upside because all the MM are down? We would need to go pass 1.5318 to reverse the weekly and monthly MM, which is at least 50 pips beyond the upper trendline...
- #5,232
- Apr 8, 2010 4:57am Apr 8, 2010 4:57am
- Joined Sep 2007 | Status: gone fishing | 5,782 Posts
Thank you Belekas. In your experience, is this penetration enough to be considered a false breakout? In the book, Igrok says a false breakout most often leads to a breakout of the other side of the pattern...
I'm sorry Belekas, another question, I see a monthly divergence on the usd/jpy pair targeting last year's high at 101, am I reading this properly?
- #5,235
- Apr 8, 2010 9:50am Apr 8, 2010 9:50am
Belekas, Aediaz,
Do you always use Stop Reverse Order on the trades as indicated by igrok templates ?
Curious..
I understand that this question was not addressed to me, however, I hope that you and the two fine gentlemen in question do not mind if I butt in. If you do mind, I apologize.
I'm fairly certain most of the time they do use it, if the stop loss distance meets their requirements, and I think exceptions can be made if the reverse order does not go along with their technical expectations, etc.
Just my two shekels.
- #5,236
- Apr 8, 2010 10:24am Apr 8, 2010 10:24am
Hi mizuno,
Thanks for the reply. Appreciate your answer.
For a few times, i did not enter stop reverse order which would have
recover my initial loss and also give good profit too. Well, lesson learn. I am curious about do the advanced practitioner of igrok method use stop reverse everytime as indicated the templates used.
Thanks for the reply. Appreciate your answer.
For a few times, i did not enter stop reverse order which would have
recover my initial loss and also give good profit too. Well, lesson learn. I am curious about do the advanced practitioner of igrok method use stop reverse everytime as indicated the templates used.
- #5,237
- Apr 8, 2010 10:43am Apr 8, 2010 10:43am
- Joined Sep 2009 | Status: From Timex to Rolex via Forex | 3,398 Posts
Twitter: MrC_Forex ; Facebook: /pages/MrC-Forex/197693770247397
- #5,238
- Edited 12:13pm Apr 8, 2010 12:08pm | Edited 12:13pm
Descending channel on EUR/JPY.
Edit: Excuse me, I suppose the flat surface alone does not give a reason to sell, as the template is traded on the break of the flat surface. So this supports the reason to sell by being a resistance, and a break of it should give a reason to buy. I'll shut up now.
