Igrok Method. Q's & A's. Comments, thoughts and ideas | Page 331 | 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

  • #6,601
  • May 23, 2011 5:44am May 23, 2011 5:44am
An opportunity to bet on short term trend continuation...
Attached Image (click to enlarge)
Click to Enlarge Name: Picture 3.png Size: 52 KB
  • #6,602
  • May 23, 2011 5:56am May 23, 2011 5:56am
Quoting PutaMadre
An opportunity to bet on short term trend continuation...
that R at .7900 looks to be spoiling the show atm...
nice clean line and bounce though.

jon
PATIENCE... DISCIPLINE
  • #6,603
  • May 23, 2011 7:39am May 23, 2011 7:39am
Excessive ADRs in many pairs with obvious MACD divergencies.

Time to think about counter trend 'measures'.
  • #6,604
  • May 24, 2011 8:41pm May 24, 2011 8:41pm
Quoting jupiter_peak
Excessive ADRs in many pairs with obvious MACD divergencies.

Time to think about counter trend 'measures'.

Monday many of the currency pairs presented above average (not to say extraordinary in some cases) intraday ranges when compared to their usual intraday ranges.

Some of these examples were EURUSD, GBPUSD, EURJPY and AUDUSD.

All of these pairs also had a unique condition of presenting confirmed MACD divergencies on intraday time frames.

Although I am very fond of trend dollowing trades, sometimes these opportunities show up. However, a lot of experience is needed to take such trades.

Some examples below.

Cheers.

PS: By the way: NZDUSD had an excessive range as well as divergence targeting 0.7940.
PS2: USDCHF also has an excessive range for today along with a bull divergence targeting 0.8830.Here are some examples:
Attached Image(s) (click to enlarge)
Click to Enlarge Name: aud_usd_m15_divergence_24_05_2011.gif Size: 21 KB
Click to Enlarge Name: eur_usd_m15_divergence_24_05_2011.gif Size: 18 KB
Click to Enlarge Name: gbp_usd_m15_divergence_24_05_2011.gif Size: 19 KB
  • #6,605
  • May 25, 2011 12:17pm May 25, 2011 12:17pm
Perfect 18.4 entry on oil today.
  • #6,606
  • May 25, 2011 2:39pm May 25, 2011 2:39pm
Quoting AlexPL
Publication date of new book is changed: on Jan - Feb 2012 (http://www.whsmith.co.uk/CatalogAndSearch/ProductDetails.aspx?ProductID=9780470918043)

http://www.image123.net/thumbs/20110...ufdsmz561j.jpg

Picture from Wiley Trade Catalog 2011. (http://www.scribd.com/doc/54450415/9/Wiley-Finance)
Timing has never been Igrok's strong side
Measure twice, cut once
  • #6,607
  • May 28, 2011 2:32am May 28, 2011 2:32am
Quoting aediaz1
Timing has never been Igrok's strong side
That'll be great gift from Igrok even in the case his new book only shows all available examples and variants of flat surfaces.
  • #6,608
  • May 29, 2011 2:04pm May 29, 2011 2:04pm
Quoting aediaz1
Timing has never been Igrok's strong side
  • #6,609
  • May 31, 2011 8:41am May 31, 2011 8:41am
I was once told by one of the greatest Forex traders around that the market is indeed very precise.

While I was beginning my journey, I had reason to doubt that. However, things like cables H&S formation observed on the daily and 240 min charts gives me sufficient reason to think other wise.

The market is indeed precise.

An entry with a very tight SL.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: gpp_usd_d_dimond_h&s_1_31_05_2011.jpg Size: 75 KB
Click to Enlarge Name: gpp_usd_d_dimond_h&s_31_05_2011.jpg Size: 74 KB
  • #6,610
  • May 31, 2011 9:11am May 31, 2011 9:11am
Here is the one I spotted in UJ.
Attached Image (click to enlarge)
Click to Enlarge Name: usd_jpy_d_dimond_31_05_2011.jpg Size: 71 KB
  • #6,611
  • May 31, 2011 12:41pm May 31, 2011 12:41pm
I believe we could be just a few days from a major correction on USDx:
Attached Image (click to enlarge)
Click to Enlarge Name: udx_d_inv_h%2526s_31_05_2011.gif Size: 18 KB
  • #6,612
  • Jun 2, 2011 11:47am Jun 2, 2011 11:47am
Quoting jupiter_peak

An entry with a very tight SL.

Looks like the reason for that reverse was also an old but important trend line of red color drawn on dailies. The market tests it from time to time after the break out.
Attached Image (click to enlarge)
Click to Enlarge Name: GBP_MY.jpg Size: 79 KB
  • #6,613
  • Jun 2, 2011 2:44pm Jun 2, 2011 2:44pm
Quoting wolfraider
Looks like the reason for that reverse was also an old but important trend line of red color drawn on dailies. The market tests it from time to time after the break out.
Once I read from someone, who actually is the brilliant mind behind this thread: "If you keep drawing lines cutting thru prices, you will never get the idea how precise the market really is."

Watch the black line i drew and if you project it as it should be drawn... Then, I do see technical significance in it.


Attached Image (click to enlarge)
Click to Enlarge Name: GBP_MY_2.jpg Size: 115 KB
  • #6,614
  • Jun 2, 2011 3:13pm Jun 2, 2011 3:13pm
Quoting jupiter_peak
Once I read from someone, who actually is the brilliant mind behind this thread: "If you keep drawing lines cutting thru prices, you will never get the idea how precise the market really is."

Watch the black line i drew and if you project it as it should be drawn... Then, I do see technical significance in it.


always respect your posts mate but that line also cuts through price??
a more in depth explanation would be good for us still trying to learn..

jon
PATIENCE... DISCIPLINE
  • #6,615
  • Jun 2, 2011 3:18pm Jun 2, 2011 3:18pm
ahh sod it..heres my take. what ur view on this line JP??

cheers

jon
Attached Image (click to enlarge)
Click to Enlarge Name: chart 1.gif Size: 30 KB
PATIENCE... DISCIPLINE
  • #6,616
  • Jun 2, 2011 3:33pm Jun 2, 2011 3:33pm
Quoting g_j_hook@yah
always respect your posts mate but that line also cuts through price??
a more in depth explanation would be good for us still trying to learn..

jon

That is not what I meant.

Any line can be drawn connecting 2 points. A third point validates a trend line. As important as that, TLs have to be drawn from significant tops or bottoms. Not cutting the initial price, the second intersecting price and so forth.

The red line shown in the first chart cuts thru all the peaks. If a line connects to a high of a day, a high of a week, or a high of a month (and as for that, the same for lows) with other highs (or lows) than it has some technical significance. Otherwise, it's just trying to fit a line.

That is what I was trying to demonstrate.

In reality, none of those (red or black) are valid lines to me. They have multiple breaks both ways.

Just keep in mind that both tops and bottoms, either horizontal or angled have to be significant (low of a session, low of a day, high of a week, low of a month and so forth.
Attached Image (click to enlarge)
Click to Enlarge Name: GBP_MY3.jpg Size: 117 KB
  • #6,617
  • Edited 4:17pm Jun 2, 2011 3:39pm | Edited 4:17pm
Quoting g_j_hook@yah
ahh sod it..heres my take. what ur view on this line JP??

cheers

jon
I am sorry, but that line doesn't make any sense to me as well. Two touches from the north with a third approach that broke it. Than you assume that a line that was broken on a third touch from the north is a valid TL when price comes from the south?

Also, if you are talking about a trading plan on that "line" supposing that price was coming from the south like it did, where would you place your stops?
  • #6,618
  • Jun 2, 2011 3:50pm Jun 2, 2011 3:50pm
Quoting g_j_hook@yah
ahh sod it..heres my take. what ur view on this line JP??

cheers

jon
Want to get a proper idea of what is most likely (long-term) for cable?

draw a line that extends from low of 2009.01.25 to the low of 2010.05.20 and another line from the high of 2009.08.02 to the high of 2011.04.24.

Added to that, watch the sequence of moves inside and count them. Than, try to make an assessment.
  • #6,619
  • Jun 2, 2011 4:31pm Jun 2, 2011 4:31pm
Quoting jupiter_peak
I am sorry, but that line doesn't make any sense to me as well. Two touches from the north with a third approach that broke it. Than you assume that a line that was broken on a third touch from the north is a valid TL when price comes from the south?

Also, if you are talking about a trading plan on that "line" supposing that price was coming from the south like it did, where would you place your stops?

hey JP, thanx a bunch. my 3rd touch was actually before it broke north but i neither took it seriously and it certainly isnt a TL i would trade from. i personally dont like the lines that cut through a swing H/L unless it is the immediate 3rd touch on a retest after a break south or north.
thanx for the explanation mate. that TL you said to draw is also the only obvious one i can see.

cheers
jon
PATIENCE... DISCIPLINE
  • #6,620
  • Jun 2, 2011 4:33pm Jun 2, 2011 4:33pm
Quoting wolfraider
Looks like the reason for that reverse was also an old but important trend line of red color drawn on dailies. The market tests it from time to time after the break out.
Oh, and my entry wasn't based on a trend line. Rather it was based on a formation. Have a look at template 19.13a and you will get the idea.

;-)
5 traders viewing now