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

  • #7,441
  • May 8, 2012 1:44pm May 8, 2012 1:44pm
...me just cruising by...but got something worth posting..it's all about them diamonds baby...
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  • #7,442
  • May 9, 2012 2:29am May 9, 2012 2:29am
GOLD broke 5-year bull TL yesterday.
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  • #7,443
  • May 10, 2012 9:08am May 10, 2012 9:08am
Quoting belekas
GOLD broke 5-year bull TL yesterday.
A perfect picture my friend. Nice line indeed. Having in mind the MACD showing enormous debts and also some irrational price movements there suggests that it really is worthwhile having the metals on the list.
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Twitter: MrC_Forex ; Facebook: /pages/MrC-Forex/197693770247397
  • #7,444
  • May 11, 2012 1:05am May 11, 2012 1:05am
Quoting Mr.C
A perfect picture my friend. Nice line indeed. Having in mind the MACD showing enormous debts and also some irrational price movements there suggests that it really is worthwhile having the metals on the list.
Thanks buddy...I could see it coming...for a long time...and finally, we have this weekly TL break. Beautiful. Now lets see if market gives us an opportunity to open a favorable position as we go down to my marked levels. First significant area- the low of 09.2011 so makes me just wonder...

p.s. I let my chart speak better now.
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  • #7,445
  • May 11, 2012 2:28pm May 11, 2012 2:28pm
GBPUSD and EURAUD provided nice 18.4 IW entries. Eventhough none of the is even close to fulfilling their respective weekly ranges, they both provided nice profits. With activity deminishing towards todays end, I guess I will be able to pocket these pips.

Cheers to all.
  • #7,446
  • May 15, 2012 11:27am May 15, 2012 11:27am
EURJPY, GBPJPY and CHFJPY all provided potential ID entries. Actually, the market was only able to reach my CHFJPY entry level.

So far, so good.
  • #7,447
  • May 16, 2012 4:56am May 16, 2012 4:56am
Golden era has started! Haven't seen such a beautiful market in a long time. Holding short $GBPUSD (1.6170) and $EURUSD(1.2905) that have been scaled out 3 and 2 times respectively. Today added another short position on the $GBPUSD at 1.5984 and already got near whole days range on my trade, so scaled out some @ 38.2 fibo/adr level. 4hr 3xMACD pointing to daily s/r+50%fibo, so basically that's what I'm targeting and even lower, if it wants to;-)

I wish everyone lots of pips and knowledge during these times. Best of luck to you all. Time to run. Anyone needs me- I'll be in my cave.

Cheers and best regards to my fellow traders who have been with me all these years and the master himself- Igrok! Without you it would never be possible,)

p.s. I attached only $GBPUSD chart because it's the clearest to me atm.
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  • #7,448
  • Edited 8:12am May 17, 2012 7:55am | Edited 8:12am
Quoting belekas
Golden era has started! Haven't seen such a beautiful market in a long time. Holding short $GBPUSD (1.6170) and $EURUSD(1.2905) that have been scaled out 3 and 2 times respectively. Today added another short position on the $GBPUSD at 1.5984 and already got near whole days range on my trade, so scaled out some @ 38.2 fibo/adr level. 4hr 3xMACD pointing to daily s/r+50%fibo, so basically that's what I'm targeting and even lower, if it wants to;-)

I wish everyone lots of pips and knowledge during these times. Best of luck to you all. Time...
$GBPUSD target reached. Scaled out on the #1 $GBPUSD for +350, #2 $GBPUSD +160, $EURUSD for +220 and $GBPJPY for +150. Overall left with holding nearly +900 pips of floating profit per all positions opened. Will consider how to manage them later on today.
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  • #7,449
  • May 17, 2012 8:46am May 17, 2012 8:46am
AUDUSD and NZDUSD have both changed the MM of the year to down already. EURUSD is a few pips away from changing too. USDCHF to follow as well.


Regardless of this info. pullback entries work really, really well when the market is trending but not quite so good whe it's consolidating. We, as traders, have to be able to recognize when to enter the market and when to stay away.

This is definetly a good time to use Igroks weapons.
  • #7,450
  • May 17, 2012 8:57am May 17, 2012 8:57am
...like now, while I was in the kitchen drinking my protein shake, $EURUSD gave a perfect ID #18.4 short signal of the broken triangle...It doesn't get any better then this...:nerd:
  • #7,451
  • Edited 9:20am May 17, 2012 9:10am | Edited 9:20am
Quoting belekas
...like now, while I was in the kitchen drinking my protein shake, $EURUSD gave a perfect ID #18.4 short signal of the broken triangle...It doesn't get any better then this...:nerd:
The problem with this short is that price hit key-level observed on the weekly. That is exactly why I have scaled out. I have posted long time ago my $EURUSD long-term outlooks, so if these levels holds, we might get a huge diamond, that I am so eager to trade Nonetheless we need time. Meanwhile- just take what ID favors in accordance to the flow.)
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  • #7,452
  • May 17, 2012 9:13am May 17, 2012 9:13am
CADJPY provided an beautiful entry and hit jackpot really fast. Don't mind those pips in my pocket. Don't mind at all.

Now lets see how EURAUD behaves. EURAUD isn't a top choice because, as one can see from the charts, it's not really trending south in good fashion. Therefore, capabilities are more limited.
  • #7,453
  • Edited 9:28am May 17, 2012 9:16am | Edited 9:28am
Just too many great setups lately to handle on your own...Like sweet $EURGBP and $GBPCHF channel breakouts with ID #18.4 triggers...USD/JPY IM...etc etc...Really golden times
  • #7,454
  • May 17, 2012 9:33am May 17, 2012 9:33am
Quoting jupiter_peak
CADJPY provided an beautiful entry and hit jackpot really fast. Don't mind those pips in my pocket. Don't mind at all.

Now lets see how EURAUD behaves. EURAUD isn't a top choice because, as one can see from the charts, it's not really trending south in good fashion. Therefore, capabilities are more limited.
Attempting to push thru the ascending TL.
  • #7,455
  • May 21, 2012 12:17pm May 21, 2012 12:17pm
Today provided a few good examples on how to avoid getting caught on 'wrong' 18.4 signals.

As per blunt 18.4 book entry rules, one could have entered short on EURGBP and long on GBPCHF respectively. This just by looking at the 15/30m charts.

However, If one zooms out both of these pairs, one couldeasily see that it wouldn't make that much sense opening these positions because the shot/mid-term trend is obviously against those trades thus considerably reducing the odds of ending up with succesful trades.

EURGBP, for example is clearly making HH and HLs. There is not even any need to draw a single line to reach such a conclusion. Therefore, todays SHORT entry signal should be disregarded as a valid 18.4 signal. This is clearly the 'discretionary' aspect of this system.

GBPCHF, pretty much the same only in the opposite direction.
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  • #7,456
  • May 21, 2012 2:34pm May 21, 2012 2:34pm
$NZDUSD reversal diamond going for its target.
  • #7,457
  • Edited 9:37pm May 22, 2012 7:49pm | Edited 9:37pm
Great floating profit on a 'perfect' diamond on GBPAUD.

+203 pips thus far and targeting 1.6360.

Will post pictures soon.
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  • #7,458
  • May 22, 2012 11:08pm May 22, 2012 11:08pm
Quoting jupiter_peak
Great floating profit on a 'perfect' diamond on GBPAUD.

+203 pips thus far and targeting 1.6360.

Will post pictures soon.
Good luck you ant me too
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  • #7,459
  • May 23, 2012 12:13am May 23, 2012 12:13am
Quoting jupiter_peak
Great floating profit on a 'perfect' diamond on GBPAUD.

+203 pips thus far and targeting 1.6360.

Will post pictures soon.
Quoting Ridmantas
Good luck you ant me too
Well played! Price is hitting serious weekly TL right now. Too many touches and the "kiss of death" is imminent. I'll be looking for opportunities on this pair as well, when time comes.

Good luck.
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  • #7,460
  • May 23, 2012 7:45am May 23, 2012 7:45am
Quoting jupiter_peak
AUDUSD and NZDUSD have both changed the MM of the year to down already. EURUSD is a few pips away from changing too. USDCHF to follow as well.


Regardless of this info. pullback entries work really, really well when the market is trending but not quite so good whe it's consolidating. We, as traders, have to be able to recognize when to enter the market and when to stay away.

This is definetly a good time to use Igroks weapons.
EURUSD changed this years MM to down.
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