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

  • #5,961
  • Jul 14, 2010 8:46am Jul 14, 2010 8:46am
EUR/CHF and G/U talked about earlier offered #18.4 today. Stayed aside with cable as the SL was rather big (~30 pips).
Have chosen the EUR/CHF with a 5 pips SL.
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: gbpusd_100714_m15.gif Size: 17 KB
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  • #5,962
  • Jul 14, 2010 11:50pm Jul 14, 2010 11:50pm
Is there a potential diamond on h4 aud/jpy?
Attached Image (click to enlarge)
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  • #5,963
  • Jul 14, 2010 11:55pm Jul 14, 2010 11:55pm
Quoting OGW
Is there a potential diamond on h4 aud/jpy?
Looks more like a #19.10 to me.
Attached Image (click to enlarge)
Click to Enlarge Name: audjpy_100715_h4.gif Size: 21 KB
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  • #5,964
  • Jul 15, 2010 12:32am Jul 15, 2010 12:32am
Thank you for your reply Mr.C. But the way you drew it the touches do not alternate... Isn't this enough to invalidate the triangle pattern as a possibility?
  • #5,965
  • Jul 15, 2010 12:57am Jul 15, 2010 12:57am
Quoting OGW
Thank you for your reply Mr.C. But the way you drew it the touches do not alternate... Isn't this enough to invalidate the triangle pattern as a possibility?
For the time being it is the picture and a valid one IMO.
But these are just the lines. As I mentioned loads of times I don't take trades based solely on the lines. These lines are only possible support and resistance points and can change very fast. Combine everything: #18 and #19 templates, divs, check the timing and other clues. Find a decent place for a SL, if there's a possibility for a reverse then there's a possibility to jump in a trade without big stress. Common sense comes into place here.
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  • #5,966
  • Jul 15, 2010 12:59am Jul 15, 2010 12:59am
Quoting OGW
Is there a potential diamond on h4 aud/jpy?
A perfect #18.4 on intraweek basis!
  • #5,967
  • Jul 15, 2010 1:08am Jul 15, 2010 1:08am
Mr.C thank you for your comment.
PutaMadre, you mean a buy with stop below the low of the week right?
  • #5,968
  • Jul 15, 2010 1:12am Jul 15, 2010 1:12am
Quoting OGW
Mr.C thank you for your comment.
PutaMadre, you mean a buy with stop below the low of the week right?
Jep. I wuold buoght it from 2010.06.26 low whith stop bellow present week low,
worth to risk IMO
  • #5,969
  • Jul 15, 2010 6:42am Jul 15, 2010 6:42am
Is this a valid diamond? If so, does it make sense to apply template19.12 and buy a third touch of the lower trendline? There is some divergence on the 4 hr time frame.
Attached Image (click to enlarge)
Click to Enlarge Name: usd-cad.gif Size: 29 KB
  • #5,970
  • Jul 15, 2010 7:09am Jul 15, 2010 7:09am
Quoting OGW
Is this a valid diamond? If so, does it make sense to apply template19.12 and buy a third touch of the lower trendline? There is some divergence on the 4 hr time frame.
Yes it is. If that happens then yes, why not. So far it looks very promising.
  • #5,971
  • Jul 15, 2010 7:14am Jul 15, 2010 7:14am
Thanks Belekas, one need some courage to buy dollars right now...
  • #5,972
  • Jul 15, 2010 8:23am Jul 15, 2010 8:23am
What an day to trade on ! I haven't seen so many different and good setups for a long time. Wasn't a smart move to put TP on gbp/cad but thats the price to follow my plan.

Gbp/cad channel, eur/usd triangle and chf/jpy triangle;
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Chart_CHF_JPY_30 Mins_triangle.jpg Size: 105 KB
Click to Enlarge Name: Chart_GBP_CAD_10 Mins_channel.jpg Size: 81 KB
Click to Enlarge Name: Chart_EUR_USD_10 Mins_triangle.jpg Size: 78 KB
Measure twice, cut once
  • #5,973
  • Jul 15, 2010 8:41am Jul 15, 2010 8:41am
Quoting aediaz1
What an day to trade on ! I haven't seen so many different and good setups for a long time. Wasn't a smart move to put TP on gbp/cad but thats the price to follow my plan.

Gbp/cad channel, eur/usd triangle and chf/jpy triangle;
e/u triangle was an excellent, easy trade, shame I missed it
I think I need another 3 monitors and maybe 4 more pairs of eyes. Or better yet I should buy myself an octupus, call him Paul, and get him to pick some winning trades for days like today
  • #5,974
  • Jul 15, 2010 8:46am Jul 15, 2010 8:46am
Quoting niteshift02
e/u triangle was an excellent, easy trade, shame I missed it
I think I need another 3 monitors and maybe 4 more pairs of eyes. Or better yet I should buy myself an octupus, call him Paul, and get him to pick some winning trades for days like today
Yeah that octupus made better calls than most football-experts, maybe we should get that for our trading-desicions too
Measure twice, cut once
  • #5,975
  • Jul 15, 2010 8:58am Jul 15, 2010 8:58am
Quoting aediaz1
What an day to trade on ! I haven't seen so many different and good setups for a long time. Wasn't a smart move to put TP on gbp/cad but thats the price to follow my plan.

Gbp/cad channel, eur/usd triangle and chf/jpy triangle;
I double that:


1. EURUSD 18.4;
2. Cable 18.4;
3. UJ 18.4:
4. AJ 18.4.
  • #5,976
  • Jul 15, 2010 9:12am Jul 15, 2010 9:12am
Quoting aediaz1
Yeah that octupus made better calls than most football-experts, maybe we should get that for our trading-desicions too
Well, they say an octupus has 9 brains, so it should calculate the odds faster and better than us

Long or short octupus? Get it wrong and it's seafood for dinner tonight

Attached Image
  • #5,977
  • Jul 15, 2010 11:20am Jul 15, 2010 11:20am
H&S and inv. H&S on USDx and EURO keep hitting targets as expected.


Cheers.
Attached Image(s) (click to enlarge)
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  • #5,978
  • Edited Jul 16, 2010 4:40am Jul 15, 2010 7:24pm | Edited Jul 16, 2010 4:40am
  •  FxChi
  • | Joined Dec 2007 | Status: Cash Rules Everything Around Me | 749 Posts
18.4 Intramonth on U/J. It's against most of the MM's, but I liked the TL connecting lows of the month and also TL connecting Low of the year with July low. R:R seems worth it targeting top TL.

EDIT: Finally knocked out. I knew it wasn't A+, but thought R:R would be worth the gamble. 5 min downward channel that developed wasn't too kind to me either. On to next...
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: july 15 2010 15 min 18.4.jpg Size: 99 KB
"Wishful thinking dies hard." Igor T.
  • #5,979
  • Jul 15, 2010 9:33pm Jul 15, 2010 9:33pm
Hello Mr. Igrok,
GBPUSD is going up and soon I wthink it will start to tank, the question is when...What level do you think it can reach before starting to retrace ? May be 1.57?
Thanks
  • #5,980
  • Jul 16, 2010 3:43am Jul 16, 2010 3:43am
Quoting jupiter_peak
H&S and inv. H&S on USDx and EURO keep hitting targets as expected.


Cheers.
Perfect prediction J.P.
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