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

  • #6,921
  • Aug 25, 2011 5:20am Aug 25, 2011 5:20am
Quoting marcb
The Igrok's book is not very clear when talking about 18.4
Anybody would be interested in taking the time to rephrase 18.4 in more clear term?

Thanks
Marc
Todays 'LIVE' intraday examples:EURUSD, EURCAD and CADJPY.
  • #6,922
  • Aug 25, 2011 5:20am Aug 25, 2011 5:20am
Quoting aediaz1
I first believed that every trade from 18.4 had to be in both MM of daily and week. In some pairs, like cad/jpy, this is not necessary.

I tested it mechanically, using Ninjatrader 7.

P.S: that is very true for swissy-pairs.
Thanks, haven't looked at NT although heard it's a good piece of software.
Trading = a mirror to your human flaws. Fix them or be fixed.
  • #6,923
  • Aug 25, 2011 5:31am Aug 25, 2011 5:31am
Quoting aediaz1
I first believed that every trade from 18.4 had to be in both MM of daily and week. In some pairs, like cad/jpy, this is not necessary.

I tested it mechanically, using Ninjatrader 7.

P.S: that is very true for swissy-pairs.
What about the number o times the MM changes? WHat was you conclusion on that?
  • #6,924
  • Aug 25, 2011 5:37am Aug 25, 2011 5:37am
Quoting soso
Yes exactly.

Now I am thinkering with the idea even more, since I tested weekly ranges I noticed that the fulfillment relationship is ~about the same as with daily ranges. So now I am testing taking trades only when distance to TP is in between AWR.

Let's say it's thursday and it's a trendy week on the long side and it reached 90+% of AWR. From this point on I would look to take only short trades. Still testing it though...
This comes a lot inline with my thoughts. My observations tell me that as long as intraday is 'contributing' for the expansion of the AWR, than it makes a lot of sense. Once AWR is filled, than it makes no sense to couple trends anymore or it even makes sense to look for counter trend trades after the AWR is filled.

I am going to try and setup a test on that.
  • #6,925
  • Aug 25, 2011 5:42am Aug 25, 2011 5:42am
Quoting jupiter_peak
What about the number o times the MM changes? WHat was you conclusion on that?
That it wasn't the key factor. When we met Igrok, he said that too. But our research showed something else first. That it did. Second research, it didn't show any significant difference on the overall outcome (profits).
Measure twice, cut once
  • #6,926
  • Aug 25, 2011 5:54am Aug 25, 2011 5:54am
Quoting jupiter_peak
This comes a lot inline with my thoughts. My observations tell me that as long as intraday is 'contributing' for the expansion of the AWR, than it makes a lot of sense. Once AWR is filled, than it makes no sense to couple trends anymore or it even makes sense to look for counter trend trades after the AWR is filled.

I am going to try and setup a test on that.
What you're saying here make sense on some of the pairs, absolutely. My testing found that the only pairs this made an significant difference on the profit was:

-gbpusd
-usdchf
-usdjpy
-eurusd
Measure twice, cut once
  • #6,927
  • Aug 25, 2011 6:05am Aug 25, 2011 6:05am
Quoting aediaz1
That it wasn't the key factor. When we met Igrok, he said that too. But our research showed something else first. That it did. Second research, it didn't show any significant difference on the overall outcome (profits).
Aediaz, could you define what that factor was? Is it selecting correct timing when to apply template if it matches the chart?

Thanks!
  • #6,928
  • Aug 25, 2011 6:19am Aug 25, 2011 6:19am
Quoting PutaMadre
Aediaz, could you define what that factor was? Is it selecting correct timing when to apply template if it matches the chart?

Thanks!
I would say that now is about the time to shoot for 18.4 on cable, if taking into account timing criteria....
  • #6,929
  • Aug 25, 2011 6:41am Aug 25, 2011 6:41am
Quoting aediaz1
What you're saying here make sense on some of the pairs, absolutely. My testing found that the only pairs this made an significant difference on the profit was:

-gbpusd
-usdchf
-usdjpy
-eurusd
So the search for the 'ultimate' edge continues. I guess we are in the right track.

I am currently finishing some additions to my system and one of them that is under way (still not working) is reversing the positions.

Has anyone made some testing regarding reversing positions with TP between 80-90%?
  • #6,930
  • Aug 25, 2011 10:32am Aug 25, 2011 10:32am
Quoting PutaMadre
I would say that now is about the time to shoot for 18.4 on cable, if taking into account timing criteria....
Attaching here a chart example of the setup presented by market before on GBP/USD pair.
Attached Image (click to enlarge)
Click to Enlarge Name: Picture 2.png Size: 29 KB
  • #6,931
  • Aug 25, 2011 10:53am Aug 25, 2011 10:53am
Today was an 18.4 frenzy!

I use two liquidity providers with two different feeds (even more, for feeds ;-)) and there were 18.4 opportunities in the following pairs:



EURCAD
EURUSD
GBPUSD
CADJPY
AUDNZD
AUDUSD
NZDUSD
EURGBP
  • #6,932
  • Aug 25, 2011 12:13pm Aug 25, 2011 12:13pm
Quoting PutaMadre
Aediaz, could you define what that factor was? Is it selecting correct timing when to apply template if it matches the chart?

Thanks!
I should start a own thread in the system section regarding 18.4. It might turn out helpful. But the essence is timing, yes.

Quoting jupiter_peak
So the search for the 'ultimate' edge continues. I guess we are in the right track.

I am currently finishing some additions to my system and one of them that is under way (still not working) is reversing the positions.

Has anyone made some testing regarding reversing positions with TP between 80-90%?
We sure are. When I started out, 18.4 seemed to be the worst template for me to trade, now its the opposite. It have made up 28% of this years return and that's a start at least.
Measure twice, cut once
  • #6,933
  • Aug 25, 2011 12:59pm Aug 25, 2011 12:59pm
Quoting aediaz1
I should start a own thread in the system section regarding 18.4. It might turn out helpful. But the essence is timing, yes.



We sure are. When I started out, 18.4 seemed to be the worst template for me to trade, now its the opposite. It have made up 28% of this years return and that's a start at least.
Actually,

I was going to start a thread (journal) coupled with myfxbook, on 18.4 as a porfolio. By portfolio, I mean running it on different settings (profiles): a conservative, a mid-conservative and an agressive profile. And those were going to be mostly running it with reverse orders or not, using the median idea or just being conservative by only taking those that expand the weekly/monthly ranges.

I actually started the thing on myfxbook, but I got a few mistakes on running reverse orders as well as some other small issues that have to be solved. So I will have to start all over again before I actually start the thread (journal).

If you are interested, here are the links:

http://www.myfxbook.com/members/maurosandrade/ftt-18-4-stand-set/154655

http://www.myfxbook.com/members/maurosandrade/ftt-18-4-stand-set/154716

http://www.myfxbook.com/members/maurosandrade/ftt-18-4-stand-set/154744


Also, many times, 18.4 itself substitutes playing breakouts or some other sort of template. Therefore, I think it should be regarded as one of the major templates as I always thought it was.
  • #6,934
  • Aug 26, 2011 7:55am Aug 26, 2011 7:55am
Piece of advise? Don't try and be a smart-ass closing out your position, going for a salad outside instead, because you think the week is over and you're tired of watching screens.

That must be the most expensive salad in my whole life
Attached Image
Measure twice, cut once
  • #6,935
  • Aug 26, 2011 8:03am Aug 26, 2011 8:03am
Quoting aediaz1
Piece of advise? Don't try and be a smart-ass closing out your position, going for a salad outside instead, because you think the week is over and you're tired of watching screens.

That must be the most expensive salad in my whole life
Well, I closed a position on EURAUD with 85% ADR and look where it is now...

It happens!
  • #6,936
  • Aug 29, 2011 12:14am Aug 29, 2011 12:14am
Quoting vaflis
it's IM #18.4 with micro sl.... will see
closed first half.... slowly but steady
  • #6,937
  • Aug 29, 2011 9:54am Aug 29, 2011 9:54am
What template would make sense to look for on EURCHF to open a short position?
  • #6,938
  • Aug 29, 2011 10:17am Aug 29, 2011 10:17am
Quoting marcb
What template would make sense to look for on EURCHF to open a short position?
None.

And to be quite honest, you should be looking at the templates the other way around.
  • #6,939
  • Aug 29, 2011 10:45am Aug 29, 2011 10:45am
Quoting marcb
What template would make sense to look for on EURCHF to open a short position?
If you meant template for counter trade, there is #18.3, which suggest counter trading, but it makes no sense to use it if to go for ID targets, as there is far to little space for the market left to go in opposite direction.

Though i went through using it today on USDCAD pair, as it's already seventh consecutive day on this pair when it starts to move in opposite direction in the beginning of US session...
  • #6,940
  • Aug 30, 2011 6:04am Aug 30, 2011 6:04am
18.4 + 3rd TL touch on EURCHF H1.

I'm not at all confortable with 18.x setups but when there's also a technical reason for it it feels much better.
Attached Image (click to enlarge)
Click to Enlarge Name: eurchf_x.png Size: 29 KB
Trading = a mirror to your human flaws. Fix them or be fixed.
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