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

  • #6,421
  • Jan 20, 2011 11:43pm Jan 20, 2011 11:43pm
Daily diamond
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  • #6,422
  • Jan 21, 2011 2:24am Jan 21, 2011 2:24am
Quoting mymission
first spotted and traded diamond, I am in love
I wasn't too sure if this was a diamond because of the inside sequence, but I woud've had it like this:

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But well done anyway. Hopefully it will reach it's MOT.
  • #6,423
  • Jan 21, 2011 2:32am Jan 21, 2011 2:32am
Simple setup on EURUSD, break on 4th aproach....
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  • #6,424
  • Jan 21, 2011 3:18am Jan 21, 2011 3:18am
Quoting PutaMadre
Simple setup on EURUSD, break on 4th aproach....
Nice setup, but what about stop loss location? The bottom of the breakout bar perhaps, but if price decides to retrace back inside towards the bottom of today's daily range, you'd be stopped out.

Placing stops inside the daily range is not really a good idea, unless you have a pattern of some sort. Beleive me, I've lost a lot of trades because of that.
  • #6,425
  • Jan 21, 2011 3:19am Jan 21, 2011 3:19am
Quoting PutaMadre
Simple setup on EURUSD, break on 4th aproach....
Or a candy.
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Twitter: MrC_Forex ; Facebook: /pages/MrC-Forex/197693770247397
  • #6,426
  • Jan 21, 2011 3:31am Jan 21, 2011 3:31am
Quoting Mr.C
Or a candy.
I think a lot of parts missing for it to be a diamond...
  • #6,427
  • Jan 21, 2011 3:35am Jan 21, 2011 3:35am
Quoting PutaMadre
I think a lot of parts missing for it to be a diamond...
For example? Would you trade the line you've posted?
Twitter: MrC_Forex ; Facebook: /pages/MrC-Forex/197693770247397
  • #6,428
  • Jan 21, 2011 3:36am Jan 21, 2011 3:36am
Quoting Mr.C
For example? Would you trade the line you've posted?
On an institutional account with like 10 mill on the line sweating like a pig and praying for a clean break
  • #6,429
  • Jan 21, 2011 3:36am Jan 21, 2011 3:36am
Actually I think Mr.C's diamond makes more sense than my one, the inside sequence on the right side is correct. I wouldn't trade it because by the time lower border is confirmed price would be too far out for me to place a reasonable stop outside the daily range low.
  • #6,430
  • Jan 21, 2011 3:49am Jan 21, 2011 3:49am
Quoting Mr.C
For example? Would you trade the line you've posted?
First the location and then i can't see a triangle on either sides of formation...

Yeah i have traded it, just i bought it on the retracement after changing main move of the day whith anticipation of break on 4th approach.
  • #6,431
  • Jan 21, 2011 3:57am Jan 21, 2011 3:57am
GBP/JPY and GBP/CHF IW 18.4's kicking dust after missing both of my limit orders by 3 pips ROFL
  • #6,432
  • Jan 21, 2011 4:03am Jan 21, 2011 4:03am
Quoting PutaMadre
First the location and then i can't see a triangle on either sides of formation...

Yeah i have traded it, just i bought it on the retracement after changing main move of the day whith anticipation of break on 4th approach.
Here's your triangle. If you would say that you can't see a triangle on the left side I would answer that the objective targets of a diamond and a triangle are measured the same way so it makes no big difference. Location: can't it be a continuation pattern? Having in mind that the target is ~125 pips and it almost perfectly coincidences with the AMR. Daily, weekly and montly MM - up.
Didn't really understand what template you have used to trade the pair. Could you post a chart, please? As I can't see any orders there on your previously posted chart.
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Twitter: MrC_Forex ; Facebook: /pages/MrC-Forex/197693770247397
  • #6,433
  • Jan 21, 2011 4:56am Jan 21, 2011 4:56am
Quoting Mr.C
Here's your triangle. If you would say that you can't see a triangle on the left side I would answer that the objective targets of a diamond and a triangle are measured the same way so it makes no big difference. Location: can't it be a continuation pattern? Having in mind that the target is ~125 pips and it almost perfectly coincidences with the AMR. Daily, weekly and montly MM - up.
Didn't really understand what template you have used to trade the pair. Could you post a chart, please? As I can't see any orders there on your previously posted...
It's not a triangle for me mate There is my setup for it.

P.s. i don't bother myself to post orders to forum, if you realy need this info pm me i will extract a cut from my statement
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  • #6,434
  • Jan 21, 2011 5:05am Jan 21, 2011 5:05am
I am still amazed how many people keep their egos on the grill. Sharing is caring my friends. If you want to measure your dick sizes then theres a way for it but if you want to be pro's trading micro or demo accounts and talking like some hedge fund managers then all I can say is good luck. Sooner or later you will understand that here we are all in the same boat as big man said thats going on a one-way trip to destruction. So think about this for a minute before you start posting funny stuff and don't forget to be humble
  • #6,435
  • Jan 21, 2011 5:17am Jan 21, 2011 5:17am
Quoting PutaMadre
It's not a triangle for me mate There is my setup for it.

P.s. i don't bother myself to post orders to forum, if you realy need this info pm me i will extract a cut from my statement
"A trade taken based on a retrace with anticipation of break on 4th approach". It is your setup and your logic.
Thanks anyway. Don't bother with your statement.
Twitter: MrC_Forex ; Facebook: /pages/MrC-Forex/197693770247397
  • #6,436
  • Jan 21, 2011 4:53pm Jan 21, 2011 4:53pm
Quoting belekas
GBP/JPY and GBP/CHF IW 18.4's kicking dust after missing both of my limit orders by 3 pips ROFL

Belekas, sorry for my ignorance but I canīt see neither of them reverse in that area.

Can you please help me understand why to set the line there?

thanks for much contribution to this tread.

P.S
Where is Igrok nowadays, writing a new book, still have courses?
  • #6,437
  • Jan 25, 2011 2:37am Jan 25, 2011 2:37am
London bridge broken
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  • #6,438
  • Jan 27, 2011 4:07am Jan 27, 2011 4:07am
Quoting belekas
DJI diamond broke into continuation thus changing main move of the year to up. For now the next reasonable target is located around 11900 and most likely to be reached until the end of the year IMHO.
And some 24 days later we at 11900...funny thing is my birthday is exactly at the same date
  • #6,439
  • Jan 27, 2011 10:53pm Jan 27, 2011 10:53pm
triangle. very low AWR & AMR
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  • #6,440
  • Feb 2, 2011 6:18am Feb 2, 2011 6:18am
Quite promising so far. Although it might not work after I post it, hehe, but here it goes
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