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

  • #7,421
  • Apr 4, 2012 7:55am Apr 4, 2012 7:55am
Quoting jupiter_peak
;-) As you can see the IW order is present on the picture. However, for some reason, it never got filled.
Ah didn't notice it, sorry to hear man! Would've been a huge runner.
Trading = a mirror to your human flaws. Fix them or be fixed.
  • #7,422
  • Apr 5, 2012 12:53am Apr 5, 2012 12:53am
Hm, need more experience to understand about diamonds. How about this one? Is still valid ?
Attached Image (click to enlarge)
Click to Enlarge Name: nzdusd diamond.jpg Size: 99 KB
  • #7,423
  • Apr 5, 2012 1:04am Apr 5, 2012 1:04am
Quoting Ridmantas
Hm, need more experience to understand about diamonds. How about this one? Is still valid ?
GM. My original drawing looked like this but as you see price broke each side but failed to take out the previous swing. Interesting. Now, I think if we get more touches inside your pattern, then yes, it still might come out legit, but now, IMHO, with such inside move sequence, I don't think it's good for anything, except if you played by the rules and ignored the fake-outs, then you should have made profit ;-)
Attached Image (click to enlarge)
Click to Enlarge Name: rids_diamond.jpg Size: 96 KB
  • #7,424
  • Apr 5, 2012 1:39am Apr 5, 2012 1:39am
Quoting belekas
GM. My original drawing looked like this but as you see price broke each side but failed to take out the previous swing. Interesting. Now, I think if we get more touches inside your pattern, then yes, it still might come out legit, but now, IMHO, with such inside move sequence, I don't think it's good for anything, except if you played by the rules and ignored the fake-outs, then you should have made profit ;-)
Thank you belekas. As i see the first move can be taken with #18.4 IW
  • #7,425
  • Apr 5, 2012 1:54am Apr 5, 2012 1:54am
Quoting Ridmantas
Thank you belekas. As i see the first move can be taken with #18.4 IW
Your welcome. When you get good at spotting diamonds, and this takes proper time, I suggest you just make things simpler for yourself, and just apply #19.12 until it breaks. Basic rules. If there's #18.4 in confluence then even better! Trade inside, trade outside. Rinse and repeat ;-)
  • #7,426
  • Apr 5, 2012 2:03am Apr 5, 2012 2:03am
Quoting belekas
Your welcome. When you get good at spotting diamonds, and this takes proper time, I suggest you just make things simpler for yourself, and just apply #19.12 until it breaks. Basic rules. If there's #18.4 in confluence then even better! Trade inside, trade outside. Rinse and repeat ;-)
Aye Aye captain!
  • #7,427
  • Apr 6, 2012 9:29am Apr 6, 2012 9:29am
IW loonie trade going good. If one were to take trades mechanically, one could have entered SHORT earlier during the week. Not recommended when all other majors were loosingagainst the usd. However, this pair repositioned itself for a LONG entry yesterday.

Very interesting pair to watch this week.


I hope it looks for weekly range fillment.
  • #7,428
  • Apr 8, 2012 1:24am Apr 8, 2012 1:24am
Igrok and all the oldschool crew - Happy Easter!!!

Wish lots of love, health and happiness.

Live long and prosper!

Cheers!!!

  • #7,429
  • Apr 8, 2012 5:02am Apr 8, 2012 5:02am
Happy Holidays to everyone! May your Easter be blessed with health, longevity, love, a lot of happiness and success!

C.
Twitter: MrC_Forex ; Facebook: /pages/MrC-Forex/197693770247397
  • #7,430
  • Apr 8, 2012 7:19am Apr 8, 2012 7:19am
Happ Easter guys!
Trading = a mirror to your human flaws. Fix them or be fixed.
  • #7,431
  • Apr 13, 2012 10:59am Apr 13, 2012 10:59am
Hello Guys,

I wanted to share with you trade I made today. I decided to sell eurjpy when I saw the test of broken comb and 18.4 at the same time. There was symmerty as well (red arows). Took profit at 90% ADR. Result + 1.48 R (risked 49 pips, gained 73 pips).

Everything would be nice if I wasn't impatient. I knew I could get a better entry, I knew it will go up couple of pips more to test trendline well and match symmetry but I wanted jump in ASAP.(emotion- being afraid that market will run away without me). Had I jumped in 6 pips higher I would gain 79pips with risk 43 pips and R would be much better - 1.83 .This kind of shaving your position adds up in the end and can make huge differnece in long term result. This is something to work on.

Nevertheless, I must say I really enjoy playing combs and 18.4s.

I wish you many pips next week and have a nice weekend.

Cheers ,
Chris
Attached Image (click to enlarge)
Click to Enlarge Name: eurjpy 13.04.2012 comb + 18.4.jpg Size: 182 KB
Trade what you see, not what you expect. BE LIKE WATER MY FRIEND.
  • #7,432
  • Apr 17, 2012 2:39pm Apr 17, 2012 2:39pm
Possible KOD #20.6
Attached Image (click to enlarge)
Click to Enlarge Name: euraud.jpg Size: 111 KB
  • #7,433
  • Apr 22, 2012 4:07am Apr 22, 2012 4:07am
Quoting Baniu
Hello Guys,

I wanted to share with you trade I made today. I decided to sell eurjpy when I saw the test of broken comb and 18.4 at the same time. There was symmerty as well (red arows). Took profit at 90% ADR. Result + 1.48 R (risked 49 pips, gained 73 pips).

Everything would be nice if I wasn't impatient. I knew I could get a better entry, I knew it will go up couple of pips more to test trendline well and match symmetry but I wanted jump in ASAP.(emotion- being afraid that market will run away without me). Had I jumped in 6 pips higher I...
nice trade man,
i wouldnt worry bout a few pips. getting it right would seem more important to me?? if you had waited and missed the trade for 4 or 5 pips would you be saying you still made the right choices?? i think these prices should already be set in stone before price actually gets there, then hit or miss you CAN say you made the right choice.
jus my 2 pips worth.

jon
PATIENCE... DISCIPLINE
  • #7,434
  • Apr 30, 2012 1:40pm Apr 30, 2012 1:40pm
After a few weeks taking losses,I finally managed to take two good trades in a row.

Friday I jumped into EURAUD short and the pair filled its ADR.

Today I jumped into another short, this time on NZDUSD, and TPd @ 82% ADR.

I have to say that it was getting on my nerves.

I also had a probable EJ trade, but it never came back for a pullback entry. However, the pair is closing in to fill 80% of its range.
  • #7,435
  • May 4, 2012 9:43am May 4, 2012 9:43am
About to TP on a USDCAD IW 18.4. Lots of pips made.
  • #7,436
  • May 4, 2012 10:06am May 4, 2012 10:06am
Quoting jupiter_peak
About to TP on a USDCAD IW 18.4. Lots of pips made.
TP level reached @ 80% AWR.
  • #7,437
  • May 4, 2012 10:48am May 4, 2012 10:48am
Quoting jupiter_peak
TP level reached @ 80% AWR.
Congrats, really good trade. Had everything in its favor.
Trading = a mirror to your human flaws. Fix them or be fixed.
  • #7,438
  • May 4, 2012 11:59am May 4, 2012 11:59am
Quoting g_j_hook@yah
nice trade man,
i wouldnt worry bout a few pips. getting it right would seem more important to me?? if you had waited and missed the trade for 4 or 5 pips would you be saying you still made the right choices?? i think these prices should already be set in stone before price actually gets there, then hit or miss you CAN say you made the right choice.
jus my 2 pips worth.

jon
Hey Jon,

Thanks man for your kind words. You are right, probably if have missed this trade by a few pips my point of view would be totally different.
What was bothering me is that I wanted to place sell limit higher, but in the last moment I have changed my mind, I don't like when it happens, when I'm acting on impulse because I want to be ASAP in the market. To many times I have taken poor position because of it.
In this case I shouldn't be complaining too much, there were almost no more pips to squeeze, but IMHO generally it is better to omit the trade rather than to have poor position and have a small chance to get a good risk:reward ratio.

all the best, Chris
Trade what you see, not what you expect. BE LIKE WATER MY FRIEND.
  • #7,439
  • May 4, 2012 1:25pm May 4, 2012 1:25pm
Quoting soso
Congrats, really good trade. Had everything in its favor.
Traded CHFJPY too. TP reached as well. Good day today.
  • #7,440
  • May 8, 2012 10:51am May 8, 2012 10:51am
GBPCAD sweet 18.4 today. SL close to be hit, but than, everything went as planned.
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