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

  • #6,761
  • Jul 21, 2011 2:14pm Jul 21, 2011 2:14pm
I realy thank you Jupiter that you point me to this interestig set up, i was missing till now. It brought something new in my bag of knowledge.
"I took a chance because yesterday's range was excessive"
Well. Daily ranges on 15 and 19 of september 2008 were excessive either. And what. 23rd of september he sold EURO because of:
1. Uncoverd gap on down side at 1.4413 on eur/usd. 2. USD oversold condition 3. Trendline on USDX connecting weekly tops of 24/03, 05/05, 09/06/2008 4. And another couple of lines connecting daily lows of 14/08, 21/08 and 27/08, 28/08. But Cable changed it inraday move from down to up and thus presented warning to Igrok's euro short and forced him to close at breake even point.
Just wasted my time on this trade.... I missed a better spot above 1.4800
He was frustrated because was aiming not just daily range. He missed a good opportunity to catch the very top of new trend. By a single trade. I shared my opinion. Now wait for yours. Hope that you will show other ideas about Igrok tricks.
  • #6,762
  • Jul 21, 2011 3:04pm Jul 21, 2011 3:04pm
Quoting wolfraider
I realy thank you Jupiter that you point me to this interestig set up, i was missing till now. It brought something new in my bag of knowledge.
"I took a chance because yesterday's range was excessive"
Well. Daily ranges on 15 and 19 of september 2008 were excessive either. And what. 23rd of september he sold EURO because of:
1. Uncoverd gap on down side at 1.4413 on eur/usd. 2. USD oversold condition 3. Trendline on USDX connecting weekly tops of 24/03, 05/05, 09/06/2008 4. And another couple of lines connecting daily lows of 14/08,...
Well, I have one he mentioned in those posts: Taking a position in the direction of gap covering + divergence + a trendline (to place protective stops).

However, I use 20.6 a lot of times when there is an excessive range and there is a small MACD divergence to be covered during the hours of less market activity (right after NY close - ASIA for example). So I wait for NY close + break of the line and take a position against the main move but in the direction of the MACD divergence. This usually is a short time counter trade where the target (MACD DIV) cannot be too far away. Usually no more than 25-40 pips. Also I close my position towards the target because of TP being reached or timing (before beginning of Europe). And usually these setups provide room for the second setup in the direction of the weekly move: 18.2

I only recommend this when you absolutely know what you are doing.

  • #6,763
  • Jul 21, 2011 3:19pm Jul 21, 2011 3:19pm
Quoting jupiter_peak
Well, I have one he mentioned in those posts: Taking a position in the direction of gap covering + divergence + a trendline (to place protective stops).

However, I use 20.6 a lot of times when there is an excessive range and there is a small MACD divergence to be covered during the hours of less market activity (right after NY close - ASIA for example). So I wait for NY close + break of the line and take a position against the main move but in the direction of the MACD divergence. This usually is a short time counter trade where the target (MACD...
By the way, I see the 20.6 setup on UJ (not exactly excessive range + comb). We just need a MACD confirmation (crossover) on m30 as well. Than from there I might think about opening either an 18.2 (on the break of the daily/weekly low or even an 18.3, although I am not very fond o fthe second one.
  • #6,764
  • Jul 21, 2011 8:09pm Jul 21, 2011 8:09pm
Quoting jupiter_peak
By the way, I see the 20.6 setup on UJ (not exactly excessive range + comb). We just need a MACD confirmation (crossover) on m30 as well. Than from there I might think about opening either an 18.2 (on the break of the daily/weekly low or even an 18.3, although I am not very fond o fthe second one.
So the trade actually happened.

TP already at 78.70.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: usd_jp_m05_20_6_counter_21_07_2011.gif Size: 28 KB
Click to Enlarge Name: usd_jp_m15_20_6_counter_21_07_2011.gif Size: 22 KB
  • #6,765
  • Jul 22, 2011 6:33am Jul 22, 2011 6:33am
I think we could be on to something here.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: gold_h1_diamond_22_07_2011.gif Size: 15 KB
Click to Enlarge Name: gold_bars__h1_diamond_22_07_2011.gif Size: 17 KB
  • #6,766
  • Jul 22, 2011 6:53am Jul 22, 2011 6:53am
Quoting jupiter_peak
Well, I have one he mentioned in those posts: Taking a position in the direction of gap covering + divergence + a trendline (to place protective stops).
Divergence on what pair ?
  • #6,767
  • Jul 22, 2011 7:15am Jul 22, 2011 7:15am
in my previous post I wanted to show that excessive daily range means nothing. Real clues for that Igrok's euro short were absolutely different. I thought that you use previous excessive daily range as a signal to open position on the next day on the same pair but against main move of previous excessive day.
Sorry I don't understand you. You wright too much. Simply what signal gives you excessive range. Opposite ?
  • #6,768
  • Jul 22, 2011 7:25am Jul 22, 2011 7:25am
Quoting wolfraider
in my previous post I wanted to show that excessive daily range means nothing. Real clues for that Igrok's euro short were absolutely different. I thought that you use previous excessive daily range as a signal to open position on the next day on the same pair but against main move of previous excessive day.
Sorry I don't understand you. You wright too much. Simply what signal gives you excessive range. Opposite ?
Excessive range = above average range. Simple.

Enough witting for you now?

By the way, I truly think you should read the book and the thread one more time.

Cheers and good look on your trading.
  • #6,769
  • Jul 22, 2011 7:27am Jul 22, 2011 7:27am
Quoting wolfraider
Divergence on what pair ?
None at the moment. Whenever an example comes, don't worry, you will be the first one to know.
  • #6,770
  • Jul 22, 2011 4:34pm Jul 22, 2011 4:34pm
Quoting jupiter_peak
So I wait for NY close + break of the line and take a position against the main move but in the direction of the MACD divergence.
Using for it excessive range of previous day or excessive range of a new day (after NY close)
  • #6,771
  • Jul 22, 2011 8:25pm Jul 22, 2011 8:25pm
Hey Aediaz,

My condolences to you, to your country and to your people.

I wish you are able to overcome this terrible act as soon as possible.

All the best from Brazil,

Mauro.
  • #6,772
  • Edited 1:59am Jul 23, 2011 1:41am | Edited 1:59am
Aediaz1 are you alive? We know that he was spending holidays on a shore. Theoreticaly it could be the island of Utoya.
Next time when we have another terroris attack in Moscow underground I hope you call for me either
  • #6,773
  • Jul 23, 2011 5:26am Jul 23, 2011 5:26am
Quoting wolfraider
Aediaz1 are you alive? We know that he was spending holidays on a shore. Theoreticaly it could be the island of Utoya.
Next time when we have another terroris attack in Moscow underground I hope you call for me either
I'm alive, thanks for asking Wolfraider.

Quoting jupiter_peak
Hey Aediaz,

My condolences to you, to your country and to your people.

I wish you are able to overcome this terrible act as soon as possible.

All the best from Brazil,

Mauro.
Thank you Mauro. I cannot believe what happen in Oslo and that a Norwegian person would slaughters his own like this.
Measure twice, cut once
  • #6,774
  • Jul 24, 2011 6:20pm Jul 24, 2011 6:20pm
Aediaz1,
I just want to say what Jupiter_Peak said in that "my condolences to you, to your country and to your people." I am so sorry for the tragic event that occurred. We share your sorrow.
  • #6,775
  • Jul 25, 2011 5:26am Jul 25, 2011 5:26am
Quoting Dcb
Aediaz1,
I just want to say what Jupiter_Peak said in that "my condolences to you, to your country and to your people." I am so sorry for the tragic event that occurred. We share your sorrow.
Appreciate it, thank you.
Measure twice, cut once
  • #6,776
  • Jul 30, 2011 2:48pm Jul 30, 2011 2:48pm
I would also like to express my deep condolence to you and your country.
  • #6,777
  • Jul 31, 2011 4:26am Jul 31, 2011 4:26am
Quoting Tatbat
I would also like to express my deep condolence to you and your country.
Thank you.

Here is the dual-diagonal diamond on usd/chf along with flat surface.
Attached Image (click to enlarge)
Click to Enlarge Name: $USDCHF (15 Min) 29_07_2011.jpg Size: 110 KB
Measure twice, cut once
  • #6,778
  • Edited 6:34am Jul 31, 2011 6:23am | Edited 6:34am
Quoting aediaz1
Thank you.

Here is the dual-diagonal diamond on usd/chf along with flat surface.
Yes I also consider this as 100% flat surface
  • #6,779
  • Jul 31, 2011 8:10am Jul 31, 2011 8:10am
Diamond formation on the Euro. Could provide a very symmetrical one.
Attached Image (click to enlarge)
Click to Enlarge Name: eur_usd_12h_diamond_29_07_2011.jpg Size: 85 KB
  • #6,780
  • Jul 31, 2011 11:13am Jul 31, 2011 11:13am
Quoting jupiter_peak
Diamond formation on the Euro. Could provide a very symmetrical one.
This outcome can take place in future. By this moment it looks like a big triangle on dailies penetrated on both sides.
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