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

  • #5,841
  • Jun 29, 2010 10:09am Jun 29, 2010 10:09am
Quoting belekas
I have the same question and no answer so far. On h4 it looks like we still miss the top of the right side, so maybe a symmetrical upper border at 1.6543, hard to say. Igrok, could you sort us out?
Don't know either. Something is definitely wrong with it. The broadening triangle on the left is missing, the right side is not symmetrical enough and too many touches on the right upper border.
  • #5,842
  • Jun 29, 2010 10:19am Jun 29, 2010 10:19am
Quoting Igrok
Don't know either. Something is definitely wrong with it. The broadening triangle on the left is missing, the right side is not symmetrical enough and too many touches on the right upper border.
In line with my thoughts. Thanks mate
  • #5,843
  • Edited 12:27pm Jun 29, 2010 11:59am | Edited 12:27pm
Igrok, could you please cite an instance of any "ADTR" trade happened recently.just template number To sure ourselfs we're going the right way . if u don't mind?
  • #5,844
  • Jun 29, 2010 12:29pm Jun 29, 2010 12:29pm
Quoting wolfraider
Igrok, could you please cite an instance of any "ADTR" trade happened recently. Just to sure ourselfs that we go the right way ? just template number. if u don't mind
#18.4 on EUR and AUD yesterday and on Cable and CAD today. Even on intraweek basis.
  • #5,845
  • Jun 29, 2010 1:09pm Jun 29, 2010 1:09pm
Quoting Igrok
#18.4 on EUR and AUD yesterday and on Cable and CAD today. Even on intraweek basis.
Good afternoon Mr.Igrok,

With regards to the ADTR templates, nearly all of them use pips in the situation discription boxes. For example '...price within a x amount pip range...' or '...at a distance of x to y pip...' etc.

I noticed that in your article for Currency Trader where the 18.4 template was discussed, you used percentages of the daily range instead of a fixed number of pips to enter the trade, e.g., '..buy order and stop level does not exceed 40% of the average daily range...', and '...a limit order could be placed 25-35% of the ADTR above the stop level..'

For me this is more flexible than using the fixed 30 pip rule as advised in the book. My question really is: Can we use percentages to replace the fixed number of pips used in the description boxes? For example, instead of x amout of pips, can we say x% of the ADR, or x-y% of the ADR?

And if we can, would you be able to povide us with the updated figures?

Thanks
  • #5,846
  • Edited 2:03pm Jun 29, 2010 1:22pm | Edited 2:03pm
Quoting Igrok
#18.4 on EUR and AUD yesterday and on Cable and CAD today. Even on intraweek basis.
Igrok,

Do you ALWAYS wait for the MM of the present day you are currently trading to change towards the previous days main move (or mid-term trend) or you just enter at pullback in favor of previous day MM (mid-term trend) regardless of the main move of current day?

Example:

EU is in a descending mid-term trend. Tomorrow we could enter a short at a pullback towards tomorrows previous high of day (following template directives of course). Do we still enter even if tomorrows (will be current days MM) main move is UP? Or should we wait for it to change to down and therefore increase the odds?
  • #5,847
  • Jun 29, 2010 3:17pm Jun 29, 2010 3:17pm
GBPUSD 1H
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd.PNG Size: 9 KB
  • #5,848
  • Jun 29, 2010 9:24pm Jun 29, 2010 9:24pm
Quoting niteshift02
Good afternoon Mr.Igrok,

With regards to the ADTR templates, nearly all of them use pips in the situation discription boxes. For example '...price within a x amount pip range...' or '...at a distance of x to y pip...' etc.

I noticed that in your article for Currency Trader where the 18.4 template was discussed, you used percentages of the daily range instead of a fixed number of pips to enter the trade, e.g., '..buy order and stop level does not exceed 40% of the average daily range...', and '...a limit order could be placed 25-35% of the ADTR...
I just put some food on the table but refuse to chew it for you.
  • #5,849
  • Jun 29, 2010 9:25pm Jun 29, 2010 9:25pm
Quoting jupiter_peak
Igrok,

Do you ALWAYS wait for the MM of the present day you are currently trading to change towards the previous days main move (or mid-term trend) or you just enter at pullback in favor of previous day MM (mid-term trend) regardless of the main move of current day?

Example:

EU is in a descending mid-term trend. Tomorrow we could enter a short at a pullback towards tomorrows previous high of day (following template directives of course). Do we still enter even if tomorrows (will be current days MM) main move is UP? Or should we wait for it...
Up to you. You can chose to handle it as intraday or as intraweek position. The basic principals are the same and the only difference would be stop levels and targets for profit.
  • #5,850
  • Jun 29, 2010 11:38pm Jun 29, 2010 11:38pm
Igrok,

In your book, you mentioned that 80-90% trades are with the trend.

I find that alot of students here use much of your method and developed into counter-trend traders. Alot of users of your method uses main move and patterns to develop trade ideas... but the 'trend is yr friend' was not factor in during the trade idea generation.

What is your take on this trading with trend ?
  • #5,851
  • Jun 30, 2010 12:27am Jun 30, 2010 12:27am
Quoting songbo
Igrok,

In your book, you mentioned that 80-90% trades are with the trend.

I find that alot of students here use much of your method and developed into counter-trend traders. Alot of users of your method uses main move and patterns to develop trade ideas... but the 'trend is yr friend' was not factor in during the trade idea generation.

What is your take on this trading with trend ?
Only success matters. Everything else is secondary.
  • #5,852
  • Jun 30, 2010 2:02am Jun 30, 2010 2:02am
Quoting Igrok
I just put some food on the table but refuse to chew it for you.
Oh man! OK, well I tried, but your answer is fair enough. Would you say what I discussed is a good idea and worth developing on my own, or are the pip values described still valid today and not in need of any refinement?

Thanks
  • #5,853
  • Jun 30, 2010 9:49am Jun 30, 2010 9:49am
Hi everybody. Was that a 18.4 short setup today on the GBPUSD? If so, would you short it given that it might possibly bounce a third time off the ascending trendline on the hourly chart?
  • #5,854
  • Jun 30, 2010 9:50am Jun 30, 2010 9:50am
Quoting Nokaut
Hi everybody. Was that a 18.4 short setup today on the GBPUSD? If so, would you short it given that it might possibly bounce a third time off the ascending trendline on the hourly chart?
Yes it was #18.4 on Cable today. Nice R:R trade.
  • #5,855
  • Jun 30, 2010 10:58am Jun 30, 2010 10:58am
Quoting belekas
Yes it was #18.4 on Cable today. Nice R:R trade.
Wish I had traded that one instead wasting time with some of the other pairs I was looking at.

Belekas, look at the weird diamond now, it certainly broke out like one:

Attached Image (click to enlarge)
Click to Enlarge Name: 30th gbpchf diamond.gif Size: 23 KB


Shame it had a funny border, it would've been a nice earner
  • #5,856
  • Jun 30, 2010 11:21am Jun 30, 2010 11:21am
Quoting niteshift02
Wish I had traded that one instead wasting time with some of the other pairs I was looking at.

Belekas, look at the weird diamond now, it certainly broke out like one:

Attachment

Shame it had a funny border, it would've been a nice earner
It has just filled daily bear div target...and going towards 1.6040, what would be MOT of this pattern, so lets see if it reaches...Anyway better safe then sorry and plus why trade something of an unknown origin when theres beautiful trendwise signals all around.
  • #5,857
  • Jun 30, 2010 12:07pm Jun 30, 2010 12:07pm
Quoting belekas
...Anyway better safe then sorry and plus why trade something of an unknown origin when theres beautiful trendwise signals all around.
That's very true, I have to learn to curb my appetite for risk, it can be very costly. Patience is the name of the game, patience
What is MOT?
  • #5,858
  • Jun 30, 2010 12:50pm Jun 30, 2010 12:50pm
Quoting Nokaut
Hi everybody. Was that a 18.4 short setup today on the GBPUSD? If so, would you short it given that it might possibly bounce a third time off the ascending trendline on the hourly chart?
Swissey had 18.4 too.

Some other trend wise setups as well.

Seems like, sometimes, history repeats itself...

Cheers,

JP.
Attached Image(s) (click to enlarge)
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  • #5,859
  • Jun 30, 2010 1:34pm Jun 30, 2010 1:34pm
Quoting niteshift02
That's very true, I have to learn to curb my appetite for risk, it can be very costly. Patience is the name of the game, patience
What is MOT?
Measured Objective Target.
  • #5,860
  • Jun 30, 2010 3:07pm Jun 30, 2010 3:07pm
Two late ones using mid-term trend.

EU and EJ.
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: eur_jpy_m15_30_06_2010_tl_break.gif Size: 26 KB
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