Igrok Method. Q's & A's. Comments, thoughts and ideas | Page 329 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

ECN && STP && Scalping && Hedging - Broker Review - Oct 2009 24 replies

Trading technical analysis system based on Igrok method 137 replies

Forex Ideas & Comments 18 replies

The IGROK files - Adventures of a rookie using the Igrok method 416 replies

Fibonacci thoughts & ideas.... 13 replies

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

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

  • #6,561
  • May 5, 2011 8:16pm May 5, 2011 8:16pm
I chickened out of the trade after recouping a stop reverse position and ADR achieved. Thought it was going to whip up after stalling for a little.

It was the second trade I chickened out, the first being GBP JPY.

Would anyone care to speculate the drop of 400pips? I thought the news for the US was bad?

TQ
  • #6,562
  • May 6, 2011 8:00am May 6, 2011 8:00am
NFP boosted #18.1 on the Swissey:-)
Attached Image (click to enlarge)
Click to Enlarge Name: usdchf_18.1.jpg Size: 88 KB
  • #6,563
  • May 6, 2011 8:03am May 6, 2011 8:03am
Quoting belekas
NFP boosted #18.1 on the Swissey:-)
It made my day posted it on Twitter
Measure twice, cut once
  • #6,564
  • May 6, 2011 8:16am May 6, 2011 8:16am
Quoting aediaz1
It made my day posted it on Twitter
Well done buddy. I think you have made a typo in your signature over the Twitter link
  • #6,565
  • May 6, 2011 8:18am May 6, 2011 8:18am
Haha bueno dias amigo. Thanks, I fixed it now
Measure twice, cut once
  • #6,566
  • May 6, 2011 9:29am May 6, 2011 9:29am
Quoting aediaz1
It made my day posted it on Twitter

Fo those of you who don't quite the idea of how statistics and probabilities are all equated into these templates:

It made all the sense in the world try to catch a break on the upside or go for the upside on the pullback. In this case shown here, the only option would be caching the break.

Reason? Up until yesterday, we had a very "compressed" AWR which was trading closer towards weekly high. So odds were that expansion would happen towards the upside. Well, week high was taken out yesterday during NY.

It would be an enormous 'travel' for price to go all the way back down, break the low and expand towards the down side. No need to do any probability calculations. Just visualize that travel.

So not only the mid-term trend was up, but also the odds of an upside completion of AWR were greater.

Just check how much faster, and indeed AWR was reached.

Great job.
  • #6,567
  • May 6, 2011 1:32pm May 6, 2011 1:32pm
EUR/USD weekly potential diamond is "da bomb"! 3.25k pips in size and more then 3 years in the making. Mamamya! So having that in mind I see we might have already seen the top on the dailies as well. The ascending parallel channel might be it. MACD suggests a 50% retrace towards 1.3427 that comes in confluence with my daily channels bottom. Will it happen I don't know, nor care too much, but if it will I'm ready guys. As of now I will try to apply any of the golden templates on the way down(hint) towards my targets, or up (hint) Big opportunity awaits for the prepared. Fortunes will be made and lost, so lets get it crackin'!

Wish everyone a nice and meaningfull weekend. Cheers!
Attached Image(s) (click to enlarge)
Click to Enlarge Name: xxx.jpg Size: 94 KB
Click to Enlarge Name: xxx_daily.jpg Size: 105 KB
  • #6,568
  • May 9, 2011 2:04am May 9, 2011 2:04am
gold..intraday channel
PATIENCE... DISCIPLINE
  • #6,569
  • May 9, 2011 9:48pm May 9, 2011 9:48pm
Looking at market at current levels possible good trades:

AUDUSD: If MMOTD changes to UP, than a possible LONG trade;
Cable: IF MMOTD changes to UP than a high probability for a LONG trade;
E/J: High probability for SHORT trades;
USDCHF: MMOTD changes to down than favor high probability SHORTS.


Best,

JP.
  • #6,570
  • May 10, 2011 5:45am May 10, 2011 5:45am
A triangle setup on looney, clearly seen on 30 min line on close
Attached Image (click to enlarge)
Click to Enlarge Name: Chart_USD_CAD_30 Mins_snapshot.png Size: 35 KB
  • #6,571
  • May 11, 2011 6:40am May 11, 2011 6:40am
Kiwi looks promising.
Attached Image (click to enlarge)
Click to Enlarge Name: nzdusd_110511_m30.gif Size: 21 KB
Twitter: MrC_Forex ; Facebook: /pages/MrC-Forex/197693770247397
  • #6,572
  • May 11, 2011 8:43am May 11, 2011 8:43am
Quoting Mr.C
Kiwi looks promising.
TP1 - ADR. If reached, then second stop - AWR.
Attached Image (click to enlarge)
Click to Enlarge Name: nzdusd_110511_m15.gif Size: 28 KB
Twitter: MrC_Forex ; Facebook: /pages/MrC-Forex/197693770247397
  • #6,573
  • May 11, 2011 10:49am May 11, 2011 10:49am
18.4 guided by the proximity of price to the top of weekly range. This, combined with the main move of the day and main move of the week, suggested an expansion of the weekly range upwards, making the probabilities of a target north being reached, higher than the probabilities of a target south being reached. Price action and range sizes indicated the entry.
  • #6,574
  • May 11, 2011 11:35am May 11, 2011 11:35am
Quoting Mr.C
TP1 - ADR. If reached, then second stop - AWR.
TP1 reached. SL to +1 and next target - AWR.
Attached Image (click to enlarge)
Click to Enlarge Name: nzdusd_110511_m15.gif Size: 28 KB
Twitter: MrC_Forex ; Facebook: /pages/MrC-Forex/197693770247397
  • #6,575
  • May 11, 2011 11:38am May 11, 2011 11:38am
Picture perfect #19.13b on the USD/CAD. A rare beauty...that ran away 2 fast 4 me. Picture goes straight to my "private archive of patterns". Oh boy I hate CAD but today it would have payed of big time. Damn ol' habits die hard
Attached Image (click to enlarge)
Click to Enlarge Name: usdcad_daily_inverted_hns.jpg Size: 86 KB
  • #6,576
  • May 11, 2011 12:57pm May 11, 2011 12:57pm
Quoting jupiter_peak
18.4 guided by the proximity of price to the top of weekly range. This, combined with the main move of the day and main move of the week, suggested an expansion of the weekly range upwards, making the probabilities of a target north being reached, higher than the probabilities of a target south being reached. Price action and range sizes indicated the entry.

Target (ADR) reached.
  • #6,577
  • May 12, 2011 5:15am May 12, 2011 5:15am
Quoting jupiter_peak
18.4 guided by the proximity of price to the top of weekly range. This, combined with the main move of the day and main move of the week, suggested an expansion of the weekly range upwards, making the probabilities of a target north being reached, higher than the probabilities of a target south being reached. Price action and range sizes indicated the entry.
USDCHF Very similar setup as to yesterday.
  • #6,578
  • May 12, 2011 5:54am May 12, 2011 5:54am
Diamond forming in progress on H4/D
  • #6,579
  • May 12, 2011 7:34am May 12, 2011 7:34am
us/yen nice 4h comb...

jon
PATIENCE... DISCIPLINE
  • #6,580
  • May 12, 2011 7:36am May 12, 2011 7:36am
also aussie/nz 15 min chart...
PATIENCE... DISCIPLINE
4 traders viewing now