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

Some 100 pips cashed in. It doesn't have to hit jackpot every time. But little by little, day-to-day, results add up. So daily adding up 4%, 2%, 1%, 3%... At the end of the month, it adds up nicely.

So reaching ADR on the daily basis is not the real secret. The real secret is jumping in at the optimal conditions and let the 'noise' do the work.

We have a saying here in Brazil: "The chicken gets fed grain-by-grain, not all at once..." So I am collecting the grains on a daily basis almost automatically.

;-)

Pretty clear that we are up for a 20.6 break pretty soon backed up by some bull divergence in cable.

However, I see unfilled gap and a bounce from the line could suggest an 18.3 setup to cover the gap before the break actually occurs.

similar to EURUSD. bouce could happen before the break of a projected trendline that most likely will receive its third touch duting Asia. So another probable 18.3 to cover the gap.

Lets see how this plays out.

EURGBP diamond. Expecting a break south. However, not the usual diamond as the lower left side mirrors the upper right side. ;-)

what do you think about this scenario? false brake of UTL, and forming potencial HS patern. It could brake LTL 4th touch..

GBPJPY - Credit to Aediaz. Entry a bit too early for my taste, however working well so far.
CHFJPY - SL hit
CADJPY - So far so good.



Also, we could be closing in for am IW 18.4 in GBPCAD.

To addition - EURGBP 18.4 ID also IW

The gbp/jpy was 1 pip away from my SL before it reversed into the wedge top. Sometimes luck is a major factor for the outcome!

Let's see what's next on cad/jpy.

YES!

Not the prettiest version. However, I thought I should still post it.

Not very tradable IMO if it ever was one...

What do you guys think?

CHFJPY could become to continuation diamond in future...

It looks like the diamond has been broken to the downside, do you agree?

MOT reached after few hours...

We had a clear 20.6 on the 4th approach to a TL observed on EURUSD. It also lacked the MM and the stop loss placement requirements. Actually, a SHORT 18.4 presented itself.

However, it's not the outermost TL.

Therefore, I am anxiously waiting for an opportunity to jump in LONG with reasonable stops in the direction of the weekly trend in search for the MACD bull div target.

This is more or less what I think. Maybe not in this sequence, but something like it.

Wiccked outlook on USDJPY.

Triangle/pennant.

Honestly, I would rather open the direction in favor of the USD due to BOJ have repeatedly signaling towards interventions.

Interesting to say the least.

dont know is it good drawn? uper line potential..

Hi guys,

This post doesn't have anything to do with the method itself, however, I think I have tried my best to spread the "love" that I have for this particular method.

Therefore I feel entitled to help fellow traders in as many aspects as I possibly can. I guess this is the case here.

So here I forward one rule that I have particularly 'developed' in order to choose a good broker and which pairs are suitable for intraday trading and which pairs are not suitable for intraday trading.

One may reckon that some pairs maybe only suitable for longer trades such as IW or IM or positional trades.

This rule is based on a few principles:

- Cost-efficiency;
- Spread = fixed cost (entry commission);
- Intraday tading = short moves = short targets;
- ADR = Average Daily Range;
- Spread vs ADR;
- The 5% limit rule.

Lets say that we have a particular broker thar offers a 2 pip spread on the EURUSD:

EURUSD
Spread = 2 pips
ADR = 120 pips
2/120 = 1.6% ratio

EURUSD, in this case, is within the cost-efficient parameters and not expensive at all so it's suitable for intraday trading.

Now imagine if you have a 10 pips spread for a 120 pip ADR:

EURUSD
Spread = 12 pips
ADR = 120 pips
12/120 = 10%

It's simply too expensive to get into that particular trade into that particular currency pair.

If you get a pair where the ratio is above 5%,well, either you need a new broker or that particular pair is simply not suitable for intraday trading.

So I have come accross the following table:

0 - 3% = Green - Good for trading
3% - 5% = Yellow - Good for trading only if your target is above 40 pips
Above 5% = Not suitable for intraday trading.

I am posting here two different pictures from two different brokers so you can get an idea of what I am talking about.

I truly hope that this is of any help to anyone of you.

Next time you think about a currency pair and a trade, do think about this ratio and wether you are just wasting your time on that particular trade. :-)

Best to you all.

Nice practical post there, paying minimum costs for biggest potential targets, definetlly should pay out in the long term

Good list for potential 18.4s for today:

Gold
Silver
EURJPY
GBPCAD
EURUSD
GBPJPY
EURGBP
CHFJPY
USDCHF

Depending if you take ID 18.4s with excessive AWR:

GBPUSD
USDCAD - Already in course.

If someone took 18.4 on GBPUSD, EURUSD yesterday, the positions could be kept for longer targets, as stops appear bellow monthly low... Figured that out after closing one of the today )) silly me