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

  • #7,981
  • May 14, 2013 2:14am May 14, 2013 2:14am
Quoting Mr.C
{quote} Hey S. A worthwhile checking zone. What I would wait for is another move down (MM changes to DOWN) to check the zone. If price bounces from the zone it would get us more trust on the zone. Then another MM change to UP (ID would appear) pullback and longs then. Sounds like a future forecasting. But it is a good chance for that. Still more than 3 hours till US session & we are ~10 pips away from changing the MMOD to down. 36 pips (32% of ADR) range means that there are all scenarios possible. Still without orders this week - will be on...
MMOD - Down. Now a new daily high (would love to see it extending the range at least 20%), pullback and I am in with my buy.
Twitter: MrC_Forex ; Facebook: /pages/MrC-Forex/197693770247397
  • #7,982
  • May 14, 2013 5:44am May 14, 2013 5:44am
Quoting Mr.C
{quote} Hey S. A worthwhile checking zone. What I would wait for is another move down (MM changes to DOWN) to check the zone. If price bounces from the zone it would get us more trust on the zone. Then another MM change to UP (ID would appear) pullback and longs then. Sounds like a future forecasting. But it is a good chance for that. Still more than 3 hours till US session & we are ~10 pips away from changing the MMOD to down. 36 pips (32% of ADR) range means that there are all scenarios possible. Still without orders this week - will be on...
Exactly my thoughts man, the initial move up wasn't high prob. setup even if the mm was up. This time doesn't look like we're getting it at least not today range is already extended enough to support another good mm change to up imo.

I'm in today with EG shorts after MM changed to down. Will monitor closesly, there was no clear daily resistance to bounce off other than the false break of the monthly highs. Could also be a monthly continuation after MM change so I'll be tight on this one.
Trading = a mirror to your human flaws. Fix them or be fixed.
  • #7,983
  • May 14, 2013 6:36am May 14, 2013 6:36am
Quoting soso
I'm in today with EG shorts after MM changed to down. Will monitor closesly, there was no clear daily resistance to bounce off other than the false break of the monthly highs. Could also be a monthly continuation after MM change so I'll be tight on this one.
Stopped out on this one. ID MM changed again to UP. See ya'll tomorrow.
Trading = a mirror to your human flaws. Fix them or be fixed.
  • #7,984
  • May 15, 2013 12:43am May 15, 2013 12:43am
Quoting Mr.C
{quote} MMOD - Down. Now a new daily high (would love to see it extending the range at least 20%), pullback and I am in with my buy.
Canceling the idea of longs for the moment.
Twitter: MrC_Forex ; Facebook: /pages/MrC-Forex/197693770247397
  • #7,985
  • May 15, 2013 12:55am May 15, 2013 12:55am
Quoting soso
{quote} Stopped out on this one. ID MM changed again to UP. See ya'll tomorrow.
Yesterday wouldn't be a loss if I waited for the resistance level to be touched. Now it has reversed after missing the level by 1 pip or so, fair enough to consider it a touch imo. The pattern right now looks like a channel and we're heading to the lower border where I will look for longs.
In the meantime shorted it again this morning after checking the above facts. Will play it tight again. Good luck everyone.
Attached Image (click to enlarge)
Click to Enlarge Name: eg.png Size: 44 KB
Trading = a mirror to your human flaws. Fix them or be fixed.
  • #7,986
  • May 15, 2013 12:58am May 15, 2013 12:58am
GU, sending limits in for long.
Trading = a mirror to your human flaws. Fix them or be fixed.
  • #7,987
  • May 15, 2013 2:44am May 15, 2013 2:44am
Quoting soso
In the meantime shorted it again this morning after checking the above facts. Will play it tight again. Good luck everyone. {image}
Already closed 2 units, 1st at closest support (marked the previous chart) and 2nd at channel bottom border. 3rd unit @BE and keeping it for now.
Attached Image (click to enlarge)
Click to Enlarge Name: eg.png Size: 44 KB
Trading = a mirror to your human flaws. Fix them or be fixed.
  • #7,988
  • May 15, 2013 2:51am May 15, 2013 2:51am
Quoting soso
{quote} Already closed 2 units, 1st at closest support (marked the previous chart) and 2nd at channel bottom border. 3rd unit @BE and keeping it for now. {image}
Nice one buddy. Did your cable longs get activated already?
Twitter: MrC_Forex ; Facebook: /pages/MrC-Forex/197693770247397
  • #7,989
  • May 15, 2013 2:57am May 15, 2013 2:57am
Quoting Mr.C
{quote} Nice one buddy. Did your cable longs get activated already?
Yep, snag from the trading platfotm. Need to run soon so will get it @BE any minute now. I am not willing to take a loss after it moved >1R in my favor.
Attached Image (click to enlarge)
Click to Enlarge Name: gu.png Size: 5 KB
Trading = a mirror to your human flaws. Fix them or be fixed.
  • #7,990
  • May 15, 2013 3:00am May 15, 2013 3:00am
Quoting soso
{quote} Yep, snag from the trading platfotm. Need to run soon so will get it @BE any minute now. I am not willing to take a loss after it moved >1R in my favor. {image}
Well done - nice trading buddy!
Twitter: MrC_Forex ; Facebook: /pages/MrC-Forex/197693770247397
  • #7,991
  • May 15, 2013 3:04am May 15, 2013 3:04am
Quoting Mr.C
{quote} Well done - nice trading buddy!
Thanks man, started the week on a bad note but am glad I recovered quickly.
Well done on your part too by the way. Do you have anything open or closed all?
Trading = a mirror to your human flaws. Fix them or be fixed.
  • #7,992
  • May 15, 2013 3:07am May 15, 2013 3:07am
Quoting soso
{quote} Thanks man, started the week on a bad note but am glad I recovered quickly. Well done on your part too by the way. Do you have anything open or closed all?
Last week's EUR/JPY long is still open. 40% of the position is running with 214 pips at the moment. Closed Aussie short for 70 pips yesterday but had a loss with my IW GBP/AUD short today. So basically the AUD/USD (used 1/2 of the usual position size) order covered the loss of G/A. Will most likely bank E/J this week.
Twitter: MrC_Forex ; Facebook: /pages/MrC-Forex/197693770247397
  • #7,993
  • May 15, 2013 3:20am May 15, 2013 3:20am
Quoting soso
{quote} Yep, snag from the trading platfotm. Need to run soon so will get it @BE any minute now. I am not willing to take a loss after it moved >1R in my favor. {image}
Out @BE. Wasn't meant to be.
Trading = a mirror to your human flaws. Fix them or be fixed.
  • #7,994
  • May 15, 2013 5:44am May 15, 2013 5:44am
Pending EUR/USD sell @ 1,2910.
Twitter: MrC_Forex ; Facebook: /pages/MrC-Forex/197693770247397
  • #7,995
  • May 15, 2013 5:55am May 15, 2013 5:55am
GU changed MM to down again! This can take GU further down. My only beef is with the larger timeframe structure + a very possible anchoring bias for longs that I keep from this morning lol. So I'm just watching it, good luck guys if you ride it.
Trading = a mirror to your human flaws. Fix them or be fixed.
  • #7,996
  • May 15, 2013 6:53am May 15, 2013 6:53am
Quoting Mr.C
{quote} Saver of the day and week - EUR/JPY. Seeing the situation on my this week's account, closed 60% of the position at ADR for 158 pips to cover my 90 pips loss. Chart: https://www.facebook.com/photo.php?fbid=661782210505215&set=a.259433740740066.84135.197693770247397&type=1&theater
EUR/JPY: things not looking very promising. The rest of the position (40%) closed for 150 pips. Profit: 2%. Overall position profit: 5%.
Attached Image (click to enlarge)
Click to Enlarge Name: eurjpy_130515_m30.png Size: 64 KB
Twitter: MrC_Forex ; Facebook: /pages/MrC-Forex/197693770247397
  • #7,997
  • May 15, 2013 8:56am May 15, 2013 8:56am
AU, last of today, just spotted it. Late in the day and I'm tired so no trading it.

The small chart is Weekly.
Attached Image (click to enlarge)
Click to Enlarge Name: au.png Size: 36 KB
Trading = a mirror to your human flaws. Fix them or be fixed.
  • #7,998
  • May 15, 2013 12:42pm May 15, 2013 12:42pm
Quoting Mr.C
Pending EUR/USD sell @ 1,2910.
Order canceled.
Twitter: MrC_Forex ; Facebook: /pages/MrC-Forex/197693770247397
  • #7,999
  • May 15, 2013 11:51pm May 15, 2013 11:51pm
Quoting soso
AU, last of today, just spotted it. Late in the day and I'm tired so no trading it. The small chart is Weekly. {image}
The power of the trend prevailed in the end.

What I ma watching today:
* EJ: after IW MM changed to Down yesterday it kind of confirmed the rejection of longer timeframes resistance. So for today, for a short low risk setup I'd like price to move a bit higher before changing the MM to Down.
*GU: still looking for longs, if ID MM is changed to Up I will send the limits in.

Still having 1 unit of yesteday EG shorts, keeping until the end of the week at least.

Good luck people.
Trading = a mirror to your human flaws. Fix them or be fixed.
  • #8,000
  • May 16, 2013 12:47am May 16, 2013 12:47am
Quoting soso
{quote} The power of the trend prevailed in the end. What I ma watching today: * EJ: after IW MM changed to Down yesterday it kind of confirmed the rejection of longer timeframes resistance. So for today, for a short low risk setup I'd like price to move a bit higher before changing the MM to Down. *GU: still looking for longs, if ID MM is changed to Up I will send the limits in. Still having 1 unit of yesteday EG shorts, keeping until the end of the week at least. Good luck people.
Hey S. Will most likely join the E/J party. With 188 pips of ADR this pair needs to be traded!
Twitter: MrC_Forex ; Facebook: /pages/MrC-Forex/197693770247397
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