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

  • #6,341
  • Dec 20, 2010 2:07pm Dec 20, 2010 2:07pm
Hello Aediaz

Could You please show on chart which was entry candle for G/Y for 18.4 template.

Thank You.

Best,
Tom



Quoting aediaz1
Like a glove bud Also, nice short 18.4 on gbp/jpy, took profit and reversed for 18.4 on I.M
  • #6,342
  • Dec 20, 2010 2:26pm Dec 20, 2010 2:26pm
Quoting Mr.C
The reason why I didn't act another way is because I was away from my desk. Sometimes it is not a very wise idea.
I'm reading a great book about a successful prop trading firm and how they operated and trained new traders. No surprise, discipline was some of the most important factors for a (new) trader. Under discipline comes the ability to monitor the market and he talks how crucial it really is being able to follow your chosen set of market(s).

This is all common sense yet it made me think. I wondered how much I'd given away not being "in the zone" dealing with a trading session, doing a million other things out of boredom when the market is slow and not being able to cut the day up in effective working-hours. Last year I managed a 6-digit amount of money while I was working as a broker assistance in a newly started finance-company while doing a bachelor degree at the same time. Needless to say, my trading didn't meet mine nor the investors expectations, giving away the possibility to manage millions of dollars.

The moral is if we can't monitor the market for any reason, our expectations should be adjusted likewise or at least find a solution for the problem, slicing up the day in effective working-hours. I learned this the hard way, having a lack of discipline when I really needed it.

Quoting tfflyer
Hello Aediaz

Could You please show on chart which was entry candle for G/Y for 18.4 template.

Thank You.

Best,
Tom
Defining a specific candle for you shouldn't make any sense since you could see the setup on line-chart too. Watch todays PA on 15m gbp/jpy chart and compare it with the 18.4 template once again.
Measure twice, cut once
  • #6,343
  • Dec 20, 2010 2:43pm Dec 20, 2010 2:43pm
Aediaz, showing candle would make sense for me.

I was asking it to see time where You entered.

I attach chart.

Would You enter trade based on intraday 18.4 template 2 h before US session ?

Also.. if someone else can answer about THIS G/Y 18.4, that great also

Thanks.

Best,
Tom



Quoting aediaz1
Defining a specific candle for you shouldn't make any sense since you could see the setup on line-chart too. Watch todays PA on 15m gbp/jpy chart and compare it with the 18.4 template once again.
Attached Image (click to enlarge)
Click to Enlarge Name: question about 18 4 templ.gif Size: 11 KB
  • #6,344
  • Dec 20, 2010 2:47pm Dec 20, 2010 2:47pm
Quoting aediaz1
I'm reading a great book about a successful prop trading firm and how they operated and trained new traders. No surprise, discipline was some of the most important factors for a (new) trader. Under discipline comes the ability to monitor the market and he talks how crucial it really is being able to follow your chosen set of market(s).

This is all common sense yet it made me think. I wondered how much I'd given away not being "in the zone" dealing with a trading session, doing a million other things out of boredom when the market is slow and...
The charts hypnotizing me is what I'm sometimes afraid of. Made some costly mistakes while watching the price with my orders on. Words of wisdom there about cutting the day into efficient working hours and the traders discipline. As there will always be personal life issues taking time and consumptive for a human being: physically and mentally.
Twitter: MrC_Forex ; Facebook: /pages/MrC-Forex/197693770247397
  • #6,345
  • Dec 20, 2010 3:44pm Dec 20, 2010 3:44pm
Quoting tfflyer
Aediaz, showing candle would make sense for me.

I was asking it to see time where You entered.

I attach chart.

Would You enter trade based on intraday 18.4 template 2 h before US session ?

Also.. if someone else can answer about THIS G/Y 18.4, that great also

Thanks.

Best,
Tom
Correct.

Quoting Mr.C
The charts hypnotizing me is what I'm sometimes afraid of. Made some costly mistakes while watching the price with my orders on. Words of wisdom there about cutting the day into efficient working hours and the traders discipline. As there will always be personal life issues taking time and consumptive for a human being: physically and mentally.
Thats why its so important to have a trading-plan with binary options. "Will I enter at the BO of this triangle; yes/no. Where do I place my SL? What make me reconsider this scenario?" etc etc. This will exclude some of the psychological challenges during a trade. We all know this by know but actually doing it is way harder.

"By failing to prepare, you are preparing to fail." B.F
Measure twice, cut once
  • #6,346
  • Dec 21, 2010 4:03am Dec 21, 2010 4:03am
Hmm.. What is correct ?
2h before usa open marked candle high could be entry point for december 20, 18.4 template ?

Thanks.

Best,
Tom


Quoting aediaz1
Correct.
  • #6,347
  • Dec 21, 2010 11:58am Dec 21, 2010 11:58am
Quoting tfflyer
2h before usa open marked candle high could be entry point for december 20, 18.4 template ?
Yes


On USDCHF possible to see the time symmetry now, on hourly charts.
  • #6,348
  • Dec 21, 2010 1:38pm Dec 21, 2010 1:38pm
Quoting gabs
Yes


On USDCHF possible to see the time symmetry now, on hourly charts.
Yes, looks like this;

NB: I forgot to add that these types of scenario are not high-probability trades but the R:R makes it worthwhile.
Attached Image (click to enlarge)
Click to Enlarge Name: usdchf sym 4h.gif Size: 27 KB
Measure twice, cut once
  • #6,349
  • Dec 21, 2010 1:54pm Dec 21, 2010 1:54pm
Thank You.

B,
Tom


Quoting gabs
Yes


On USDCHF possible to see the time symmetry now, on hourly charts.
  • #6,350
  • Dec 22, 2010 7:51am Dec 22, 2010 7:51am
A diamond is forming on e/u and the dollar index. I'm sorry I can't post a chart at the moment...
  • #6,351
  • Dec 22, 2010 8:33am Dec 22, 2010 8:33am
Quoting OGW
A diamond is forming on e/u and the dollar index. I'm sorry I can't post a chart at the moment...
Nothing more than a broadening triangle right now. You could short todays high based weekly 18.4.
Measure twice, cut once
  • #6,352
  • Dec 22, 2010 8:38am Dec 22, 2010 8:38am
Quoting aediaz1
Nothing more than a broadening triangle right now. You could short todays high based weekly 18.4.
Nice #18.4 today. There's a re-enter possible later with the same template just a bigger SL. IMO.
Let's see what future brings.
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd_101222_m30.gif Size: 20 KB
Twitter: MrC_Forex ; Facebook: /pages/MrC-Forex/197693770247397
  • #6,353
  • Dec 22, 2010 9:46am Dec 22, 2010 9:46am
C and everyone else,

for 18.4 intraday template entry point should be looked in early USA ( or some 1-2 hour before usa open ) +-.

Is there such time limit or day limit for Mr. C posted 18.4 template when this template is based on weekly 18.4 ?

Thanks.

Regards
Tom


Quoting Mr.C
Nice #18.4 today. There's a re-enter possible later with the same template just a bigger SL. IMO.
Let's see what future brings.
  • #6,354
  • Dec 22, 2010 11:21am Dec 22, 2010 11:21am
Quoting tfflyer
C and everyone else,

for 18.4 intraday template entry point should be looked in early USA ( or some 1-2 hour before usa open ) +-.

Is there such time limit or day limit for Mr. C posted 18.4 template when this template is based on weekly 18.4 ?

Thanks.

Regards
Tom
The RR is important for me. No defined time limit. Visual effect + common sense does the magic.
Twitter: MrC_Forex ; Facebook: /pages/MrC-Forex/197693770247397
  • #6,355
  • Dec 22, 2010 12:30pm Dec 22, 2010 12:30pm
Quoting tfflyer
C and everyone else,

for 18.4 intraday template entry point should be looked in early USA ( or some 1-2 hour before usa open ) +-.

Is there such time limit or day limit for Mr. C posted 18.4 template when this template is based on weekly 18.4 ?

Thanks.

Regards
Tom
Those range templates can be shifted in time, I think Igrok mettioned this somewhere in this tread, you must apply your own discretion whenever to use it or not...
  • #6,356
  • Dec 22, 2010 5:05pm Dec 22, 2010 5:05pm
Thanks for reply. I am reading thread and taking notes of everything, just yet didn't saw anything mentioned about this.. That why wanted to ask.

Thanks.


Best,
Tom
  • #6,357
  • Dec 22, 2010 8:13pm Dec 22, 2010 8:13pm
  •  FxChi
  • | Joined Dec 2007 | Status: Cash Rules Everything Around Me | 749 Posts
Quoting aediaz1
Yes, looks like this;

NB: I forgot to add that these types of scenario are not high-probability trades but the R:R makes it worthwhile.
Same idea on another CHF pair. Only starting to see this one recently
Attached Image (click to enlarge)
Click to Enlarge Name: Chart_CAD_CHF_Daily.jpg Size: 103 KB
"Wishful thinking dies hard." Igor T.
  • #6,358
  • Dec 23, 2010 12:56pm Dec 23, 2010 12:56pm
hmmm... not really a perfect diamond... but I like it...

Went short a few pips below 0.75 level... SL 15 pips.

My hope is to hold the position during the next months... but... my long term trades unfortunately work out very seldom...
Attached Image
  • #6,359
  • Dec 24, 2010 7:07am Dec 24, 2010 7:07am
Merry, homely, warm and cozy upcoming Christmas to all of YOU.
Twitter: MrC_Forex ; Facebook: /pages/MrC-Forex/197693770247397
  • #6,360
  • Dec 24, 2010 10:22am Dec 24, 2010 10:22am
Yes, merry Christmas to all FF members, specially in this thread :=)

Igrok is a bit disappointed that some of us aren't millionaire yet but all I can promise is that 2011 will bring some of us closer
Measure twice, cut once
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