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

  • #7,381
  • Mar 13, 2012 4:22am Mar 13, 2012 4:22am
Quoting soso
Also as an early IW #18.4.
Yep on intraday basis i could recognize a horizontal channel like described in #19.1 it also was present yesterday ..
  • #7,382
  • Mar 13, 2012 4:25am Mar 13, 2012 4:25am
Quoting PutaMadre
Yep on intraday basis i could recognize a horizontal channel like described in #19.1 it also was present yesterday ..
I just started to bet early on it once i recognized the way price are acting ...
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  • #7,383
  • Mar 13, 2012 4:59am Mar 13, 2012 4:59am
Quoting PutaMadre
I just started to bet early on it once i recognized the way price are acting ...
That's awesome man, those cycles price is moving in.
Trading = a mirror to your human flaws. Fix them or be fixed.
  • #7,384
  • Mar 13, 2012 8:32am Mar 13, 2012 8:32am
Quoting PutaMadre
I just started to bet early on it once i recognized the way price are acting ...
Whole thing was washed with up-move, maybe it was not so clever to expect further expansion to down side as EURUSD already formed it's ADR and started to retrace, anyway from mistakes we learn
  • #7,385
  • Mar 13, 2012 8:38am Mar 13, 2012 8:38am
Quoting PutaMadre
Whole thing was washed with up-move, maybe it was not so clever to expect further expansion to down side as EURUSD already formed it's ADR and started to retrace, anyway from mistakes we learn
Imo it was a fair setup. There was a nice resistance, also the TL that was broken then tested.

There was enough down movement (1.5R for me) that allowed me to get to BE.
Trading = a mirror to your human flaws. Fix them or be fixed.
  • #7,386
  • Mar 13, 2012 9:21am Mar 13, 2012 9:21am
Now that the dynamic changed with Cable am looking for longs again. Shorts come back near the range top, IM #18.4.

Btw, does this spike & reverse looking familiar to anyone? Same think happened on the top, judging by past patters the resistance is at the same level as the lower-high to the left of the top.

Cheers & out.
Attached Image (click to enlarge)
Click to Enlarge Name: 2012-03-13 6-15-20 PM.gif Size: 24 KB
Trading = a mirror to your human flaws. Fix them or be fixed.
  • #7,387
  • Mar 13, 2012 9:34am Mar 13, 2012 9:34am
Quoting soso
Now that the dynamic changed with Cable am looking for longs again. Shorts come back near the range top, IM #18.4.

Btw, does this spike & reverse looking familiar to anyone? Same think happened on the top, judging by past patters the resistance is at the same level as the lower-high to the left of the top.

Cheers & out.
It's building a potential diamond so far and your idea to catch the top of the right side looks quite good. I say quite because of the larger then usual SL. From the glance, PA looks damn sweet to trade inside the potential formation, if it gives. So, lets see what the market has in mind and which way it goes from here.)
  • #7,388
  • Mar 13, 2012 9:46am Mar 13, 2012 9:46am
Quoting belekas
It's building a potential diamond so far and your idea to catch the top of the right side looks quite good. I say quite because of the larger then usual SL. From the glance, PA looks damn sweet to trade inside the potential formation, if it gives. So, lets see what the market has in mind and which way it goes from here.)
You're right mate, didn't look for diamonds for some time now. Since the main diagonal is down the breakout expectation is up. But until it forms it looks quite tradable intraday.
Trading = a mirror to your human flaws. Fix them or be fixed.
  • #7,389
  • Mar 13, 2012 10:03am Mar 13, 2012 10:03am
Quoting soso
Now that the dynamic changed with Cable am looking for longs again. Shorts come back near the range top, IM #18.4.

Btw, does this spike & reverse looking familiar to anyone? Same think happened on the top, judging by past patters the resistance is at the same level as the lower-high to the left of the top.

Cheers & out.

Also could be a down trend channel from .5990
  • #7,390
  • Mar 13, 2012 10:04am Mar 13, 2012 10:04am
Quoting soso
You're right mate, didn't look for diamonds for some time now. Since the main diagonal is down the breakout expectation is up. But until it forms it looks quite tradable intraday.
First, I trade inside, until the pattern forms. This goes for all diamonds. Basic rules. For this baby I'm all in on each step if it goes down something like this.-)
Attached Image (click to enlarge)
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  • #7,391
  • Mar 13, 2012 1:05pm Mar 13, 2012 1:05pm
Short in the direction of this weeks move with stops above this weeks high(yesterdays high).

Pretty straight forward, I guess.
Attached Image (click to enlarge)
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  • #7,392
  • Mar 13, 2012 1:45pm Mar 13, 2012 1:45pm
Quoting jupiter_peak
Short in the direction of this weeks move with stops above this weeks high(yesterdays high).

Pretty straight forward, I guess.
Those are my favorite setups - 18.4 combined with other technical patterns (diamond in this case). Well spotted.
Measure twice, cut once
  • #7,393
  • Edited 2:43pm Mar 15, 2012 2:29pm | Edited 2:43pm
Yesterday USDCHF hit jackpot. Today it was cable.

GBPCAD quite a good trade as well.

EDIT: Sorry. Confused EURO with Swissey. ;-)
  • #7,394
  • Mar 16, 2012 5:42am Mar 16, 2012 5:42am
Quoting jupiter_peak
Today it was cable.
Unfreaking believeable! The way it kept changing MMOTD, washing stop losses like a professional cleaner . Then, finally, for the brave & prepared ones pulled back one more time to hand them the low risk entry before the real breakout.

#18.4 at its best! And it's making so much more sense as time passes. I remember first time I arrived in this thread I analyzed the MM thing in a mechanical way and was very dissapointed because the results showed that a simple moving average algorithm performed better! Holly molly!

What I failed to realized back then is that the method was created around how market actually works, down to the order flow level, where stops are located, who's in control of the current move, who's going to feel the pain etc. And #18.4 is the king of the hill providing the best possible entry point in this scenario. So freaking clever. Mr. Igrok is a real genius.

Thank you Mr Igrok!
Trading = a mirror to your human flaws. Fix them or be fixed.
  • #7,395
  • Mar 16, 2012 5:50am Mar 16, 2012 5:50am
Yesterdays #18.4 just 23pips SL. TP reached.
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  • #7,396
  • Mar 16, 2012 6:01am Mar 16, 2012 6:01am
Quoting Ridmantas
Yesterdays #18.4 just 23pips SL. TP reached.
Congrats! That's what I'm talking about!

The profit margin can be increased if the SL is even tighter. Of course it means fewer trades since not all #18.4s get that close but it's something to think about.
Trading = a mirror to your human flaws. Fix them or be fixed.
  • #7,397
  • Mar 16, 2012 6:03am Mar 16, 2012 6:03am
Quoting soso
Congrats! That's what I'm talking about!

The profit margin can be increased if the SL is even tighter. Of course it means fewer trades since not all #18.4s get that close but it's something to think about.
Che wait til i post yesterday's GBPCAD, 20pip SL
  • #7,398
  • Mar 16, 2012 6:45am Mar 16, 2012 6:45am
GBPCAD yesterday's #18.4 20 SL.
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  • #7,399
  • Edited 9:13pm Mar 20, 2012 8:53pm | Edited 9:13pm
CADJPY is trapped in a 110 pip range between support @˜ 83.60 and resistance @ ˜84.70. Even though monthly range is around 81% already, I thought I might take my chances and see if this pair rushes towards 100% mn range completion. So I jumped in today (tuesday) and am letting it ride. I just hope it has enough pressure to take out the resistance level.

On the other hand, I jumped into USDCAD 18.4 IW because of a TL that extends from 25/11/2011 that has been tested quite a few time and could be ready to break. Not only that, but optimal conditions seem to be present as well as the price pattern is there. lets watch and see. Needless to mention that all other majors are gaining agains the USD.

Can't really complain since last week as I was able to make 6 profitable trades and only 2 unprofitable ones. ;-)
  • #7,400
  • Mar 21, 2012 2:42am Mar 21, 2012 2:42am
Quoting belekas
First, I trade inside, until the pattern forms. This goes for all diamonds. Basic rules. For this baby I'm all in on each step if it goes down something like this.-)
And here we go. Right as expected. Heavy decline on GBP news from projected diamond top. My sell limit at 1.5925 missed by 3 pips. Shit happens though. Now I'm looking to see if the market gives another opportunity to re-enter short. TWT.
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