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

  • #7,521
  • Jun 14, 2012 6:00am Jun 14, 2012 6:00am
By the way, EURAUD gave us a second opportunity to go short IW basis.
  • #7,522
  • Jun 14, 2012 6:59am Jun 14, 2012 6:59am
Quoting jupiter_peak
By the way, EURAUD gave us a second opportunity to go short IW basis.
And an ID one is in play currently..
Trading = a mirror to your human flaws. Fix them or be fixed.
  • #7,523
  • Jun 14, 2012 7:30am Jun 14, 2012 7:30am
Quoting soso
And an ID one is in play currently..
1.2654 seems to be a short term credible resistance.
  • #7,524
  • Jun 14, 2012 9:18am Jun 14, 2012 9:18am
Both pairs are (were) trading inside a triangle. AUDUSD is going against some major resistance @ parity level which I advocate that shall be taken out anytime soon. It has somewhat become a 'flat surface' and looks like it will be retested for a 4th time.


USDCAD broke a shorter term support which was validating a descending triangle. Will keep holding on to my short as I expect a bearish USD for at least the remainder of the month.
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  • #7,525
  • Jun 15, 2012 8:24am Jun 15, 2012 8:24am
With all the great trades that happened this week (USDCAD, EURAUD and especially GBPUSD), there was no room, at least for me, to attempt to jump into another trade.

Having in mind a supposed USD weakness, UJ presented a very hard decision trade. The MM changed to down by one pip around mid day London session yesterday. The pair formed a triangle that was broken during todays Asia session. It provided a good IW short entry. However, being a Friday and the MM being changed by jut one pip made the decision all together hard.

It turned out to be a great trade, but hard to take.

I haven't traded this pair because of it inconsistencies, low ranges and constant BOJ interventions.
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  • #7,526
  • Jun 15, 2012 11:37pm Jun 15, 2012 11:37pm
Hi my dearest diamond hunters..I got a burning question hope you can help me with it...Could guys advice whether this is valid diamond for Arcelor Mittal? would the parallel lines inside the diamond be acceptable?
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There are no such thing as mistakes in life, only lessons. - Robin Sharma -
  • #7,527
  • Jun 16, 2012 10:10am Jun 16, 2012 10:10am
Just to keep you guys posted on how the market has performed regarding ranges filment in the last 30 days.

The majors have been pretty volatile and deserve special attention on take profit levels for the range templates.
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  • #7,528
  • Jun 16, 2012 1:06pm Jun 16, 2012 1:06pm
Thanks for the heads up mauro! When I tested the first time the ADR fullfilment it was around 65% at 80% ADR for majors. Now it seems like it boosted more than 80% at 80% ADR. Consistent big moves.
Trading = a mirror to your human flaws. Fix them or be fixed.
  • #7,529
  • Jun 18, 2012 10:24am Jun 18, 2012 10:24am
AUDCAD gave out an excellent 18.4 ID basis today.

Great timing, ADR size, breakout time, MM direction and expected trend.
  • #7,530
  • Jun 19, 2012 9:44am Jun 19, 2012 9:44am
Hi everyone, I've been trading intraday with the igrok method since the beginning of this month and I've never felt so comfortable with a trading method before

My question is, would the current week on EUR/USD be considered an 18.4 on an intra week basis? My thinking is that the current week is a down week which has met 67% of it's range, and price has retraced back to within 50 points of the weekly high. Is this a valid setup to trade short with a protective stop above the weekly high and a profit target of 90% of the weekly range?

Thanks in advance for any advice, it is greatly appreciated.
  • #7,531
  • Jun 19, 2012 10:46am Jun 19, 2012 10:46am
Quoting intelexence
Hi everyone, I've been trading intraday with the igrok method since the beginning of this month and I've never felt so comfortable with a trading method before

My question is, would the current week on EUR/USD be considered an 18.4 on an intra week basis? My thinking is that the current week is a down week which has met 67% of it's range, and price has retraced back to within 50 points of the weekly high. Is this a valid setup to trade short with a protective stop above the weekly high and a profit target of 90% of the weekly range?

Thanks...
Hey,

If I were you I would be patient. The PA isn't as clear as I would like to see it. We had an example on cable last week when only Friday was the day when all the situation got clear to participate in with any orders. Things I don't like about the EU at the moment is a strong up move today. When there is such a move one day it is more likely that the move would be continued the next day. USD index is another thing. As we know EU is correlated (negative) with the $ index. And looking at the index chart it seems that USD is dropping like a stone. There are just couple pips left for the weekly main move on the USDx to be changed to down. So it isn't the situation we would like to see while selling the EUR/USD pair.

We have a MACD div on Euro towards ~1.2540 (H1) and that is the only thing supporting the idea of a short position. Not enough for me.
I am also watching the pair. But I will wait for a while. It might be a shot the other direction if we would change the MMOW. A pullback south and a buy then.

My opinion here. Hope that helps.
Twitter: MrC_Forex ; Facebook: /pages/MrC-Forex/197693770247397
  • #7,532
  • Jun 19, 2012 11:16am Jun 19, 2012 11:16am
Quoting Mr.C
Hey,

If I were you I would be patient. The PA isn't as clear as I would like to see it. We had an example on cable last week when only Friday was the day when all the situation got clear to participate in with any orders. Things I don't like about the EU at the moment is a strong up move today. When there is such a move one day it is more likely that the move would be continued the next day. USD index is another thing. As we know EU is correlated (negative) with the $ index. And looking at the index chart it seems that USD is dropping like a stone....

Thanks Mr.C,

After taking in your comments and having another look at the charts, I couldn't agree more. I think my main problem with trading has been my lack of pateince, as a result I often jump into trades that look like a good opportunity without fully analyzing all the possible scenarios. It's funny how easy it is to convince myself that I should take a position or that I should be in the market, and how hard it is sometimes to convince myself that I shouldn't be in the market at all.

Thanks again,

Court
  • #7,533
  • Jun 19, 2012 11:45am Jun 19, 2012 11:45am
Hello, i was hoping someone could help me locate a reliable average daily range indicator for the mt4 platform, there are so many out there but i dont see anything that lines up with the ones i see on the charts that you all post.Sorry to see you arent doing your forum anymore MR.C i really enjoyed it.Thank you for any help you can give me.
  • #7,534
  • Jun 19, 2012 11:54am Jun 19, 2012 11:54am
Quoting intelexence
Hi everyone, I've been trading intraday with the igrok method since the beginning of this month and I've never felt so comfortable with a trading method before

My question is, would the current week on EUR/USD be considered an 18.4 on an intra week basis? My thinking is that the current week is a down week which has met 67% of it's range, and price has retraced back to within 50 points of the weekly high. Is this a valid setup to trade short with a protective stop above the weekly high and a profit target of 90% of the weekly range?

Thanks...
Although I am not the owner of this thread, I will try to answer this one.

All other majors are gaining against the USD and have changed the weekly move with the exception of USDCHF which is a proxy to EURUSD.

EURUSD will most likely follow the other majors and take out its weekly high and change the main move to up.

We also have to observe how close to the high of the day will todays session close. We had an over extended range today and if todays session closes within the reach of todays high, there is a good likelyhood that tomorrows session will take out todays high which is less than 20 pips from the weekly high. Therefore making this trade a more 'risky' one IMHO.

A good option, in my humble opinion, is to look for longs in audusd, nzdusd, gbpusd and the yen crosses whenever they ALL change the MM to UP.

This is my opinion. Of course, there might be different observations.

My 2 cents.
  • #7,535
  • Jun 19, 2012 11:59am Jun 19, 2012 11:59am
Quoting Mr.C
Hey,

If I were you I would be patient. The PA isn't as clear as I would like to see it. We had an example on cable last week when only Friday was the day when all the situation got clear to participate in with any orders. Things I don't like about the EU at the moment is a strong up move today. When there is such a move one day it is more likely that the move would be continued the next day. USD index is another thing. As we know EU is correlated (negative) with the $ index. And looking at the index chart it seems that USD is dropping like a...

Sorry Mr. C.,

I saw your answer one too late.

I second everyhing you mention here.

best,

M.

  • #7,536
  • Jun 19, 2012 12:34pm Jun 19, 2012 12:34pm
Quoting jupiter_peak
Sorry Mr. C.,

I saw your answer one too late.

I second everyhing you mention here.

best,

M.

NP man. How are you by the way? Do the markets treat you well these days?
Twitter: MrC_Forex ; Facebook: /pages/MrC-Forex/197693770247397
  • #7,537
  • Jun 19, 2012 1:05pm Jun 19, 2012 1:05pm
Quoting Mr.C
NP man. How are you by the way? Do the markets treat you well these days?
The market has been very kind these last few weeks. Had a great start of the the year, not as good in March-April, but doing great May-June so far.

How about you?
  • #7,538
  • Jun 19, 2012 10:59pm Jun 19, 2012 10:59pm
Quoting jupiter_peak
The market has been very kind these last few weeks. Had a great start of the the year, not as good in March-April, but doing great May-June so far.

How about you?
Glad to hear that. Same here. There were some ups and downs but I can't complain. I am all good overall and happy with the progress.
Twitter: MrC_Forex ; Facebook: /pages/MrC-Forex/197693770247397
  • #7,539
  • Jun 20, 2012 10:55am Jun 20, 2012 10:55am
Quoting jupiter_peak
A good option, in my humble opinion, is to look for longs in audusd, nzdusd, gbpusd and the yen crosses whenever they ALL change the MM to UP.

This is my opinion. Of course, there might be different observations.

My 2 cents.
Today we had valid 18.4 ID entries on NZDUSD, AUDJPY, CADJPY and NZDJPY. All successfull except for NZDUSD.

Great returns this month thus far.
  • #7,540
  • Jun 20, 2012 1:53pm Jun 20, 2012 1:53pm
Quoting jupiter_peak
Today we had valid 18.4 ID entries on NZDUSD, AUDJPY, CADJPY and NZDJPY. All successfull except for NZDUSD.

Great returns this month thus far.
i've choosen worst
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