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

  • #8,521
  • Aug 20, 2013 3:35am Aug 20, 2013 3:35am
GBPUSD on the radar for longs.
Trading = a mirror to your human flaws. Fix them or be fixed.
  • #8,522
  • Aug 20, 2013 8:37am Aug 20, 2013 8:37am
Heads up guys, EURJPY & GBPJPY shorts on an IW basis. EURJPY already gave an entry. Missed it as I was focused on GBPUSD ID, but watching close.
Trading = a mirror to your human flaws. Fix them or be fixed.
  • #8,523
  • Aug 21, 2013 1:31am Aug 21, 2013 1:31am
Good morning people,

Another BE trade yesterday on GBPUSD longs.

As for today, JPY pairs all look good.
Trading = a mirror to your human flaws. Fix them or be fixed.
  • #8,524
  • Aug 21, 2013 2:47am Aug 21, 2013 2:47am
nzd/usd any ideas? possible long on break to north? maybe later will be any candle pattern confirm..
Attached Image (click to enlarge)
Click to Enlarge Name: 2013-08-21_10-45_MetaTrader 4 Admiral.jpg Size: 146 KB
  • #8,525
  • Aug 21, 2013 3:11am Aug 21, 2013 3:11am
Quoting Tushas
nzd/usd any ideas? possible long on break to north? maybe later will be any candle pattern confirm.. {image}
Hi Tushas,

Could be. I don't like that TL cause it looks too steep to me. On the plus side the AWR is overextended. But still, it's a no go for me. All my trades are around ADR templates. Good luck.
Trading = a mirror to your human flaws. Fix them or be fixed.
  • #8,526
  • Aug 21, 2013 3:12am Aug 21, 2013 3:12am
Quoting soso
As for today, JPY pairs all look good.
Sold EURJPY after it changed the ID MM 3rd time today just below IW highs.
Trading = a mirror to your human flaws. Fix them or be fixed.
  • #8,527
  • Aug 21, 2013 3:42am Aug 21, 2013 3:42am
Quoting soso
{quote} Sold EURJPY after it changed the ID MM 3rd time today just below IW highs.
Hey S, guys. Watching EJ too. Aussie long activated while I was sleeping so will most likely wait till US session to see the overall situation. If there will be a chance given then on EUR/JPY - will most likely take it.

GL today!
Twitter: MrC_Forex ; Facebook: /pages/MrC-Forex/197693770247397
  • #8,528
  • Aug 21, 2013 3:55am Aug 21, 2013 3:55am
usd/jpy 2x3 triangle.
Attached Image (click to enlarge)
Click to Enlarge Name: 2013-08-21_11-54_MetaTrader 4 Admiral.jpg Size: 129 KB
  • #8,529
  • Aug 21, 2013 4:12am Aug 21, 2013 4:12am
Quoting Tushas
usd/jpy 2x3 triangle. {image}
Hi Tushas. No 3rd upper touch on my screens.
Twitter: MrC_Forex ; Facebook: /pages/MrC-Forex/197693770247397
  • #8,530
  • Aug 21, 2013 9:11am Aug 21, 2013 9:11am
Geppy short added. No more calls today, leaving my desk. Take care.
Twitter: MrC_Forex ; Facebook: /pages/MrC-Forex/197693770247397
  • #8,531
  • Aug 21, 2013 9:14am Aug 21, 2013 9:14am
Quoting Mr.C
Geppy short added. No more calls today, leaving my desk. Take care.
Hey C, also added a GBPJPY short on an IW basis. But smaller position size since am already short EURJPY.

Hope the markets will treat us well. One thing is for sure imo, August is clearly a different month.
Trading = a mirror to your human flaws. Fix them or be fixed.
  • #8,532
  • Aug 21, 2013 12:42pm Aug 21, 2013 12:42pm
20 minutes till FOMC. Buckle up guys.
Twitter: MrC_Forex ; Facebook: /pages/MrC-Forex/197693770247397
  • #8,533
  • Aug 22, 2013 1:55am Aug 22, 2013 1:55am
Not a pleasant surprise this morning, both GJ & EJ stopped out, with a mistake on my part on EJ management. Overall loss on yen pairs -1.33R.

Regrouping and lighting up the position size for the remaining of the month. Good luck guys and trade safe!
Trading = a mirror to your human flaws. Fix them or be fixed.
  • #8,534
  • Aug 22, 2013 2:15am Aug 22, 2013 2:15am
Turning to longer term charts. It looks like USD might start a good rally since traders were tricked on both sides. Early USDCHF longs were took out by breaking the 08-August lows and more important the breakout sellers who sold on that low + TL break are now trapped and there is now fuel for a bullish move.

For the remaining of the week will try to get short euro and long usdchf. Or none, depends on the market. Good luck guys.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: EURUSD.png Size: 41 KB
Click to Enlarge Name: USDCHF.png Size: 44 KB
Trading = a mirror to your human flaws. Fix them or be fixed.
  • #8,535
  • Aug 22, 2013 5:11am Aug 22, 2013 5:11am
Quoting soso
Not a pleasant surprise this morning, both GJ & EJ stopped out, with a mistake on my part on EJ management. Overall loss on yen pairs -1.33R. Regrouping and lighting up the position size for the remaining of the month. Good luck guys and trade safe!

Couldn't say any better about the morning surprise. Sucks to see something like that. But you're not alone. 2 losses in my bag yesterday too. 1% loss - lightened the position sizes couple of weeks ago. Bad period for me. Waiting now with less trading activity.

One more order this week MAX. Anyways - good luck to all!
Twitter: MrC_Forex ; Facebook: /pages/MrC-Forex/197693770247397
  • #8,536
  • Aug 22, 2013 5:40am Aug 22, 2013 5:40am
Shorted EURGBP on an IW basis from 0.8568

* Clear downtrend on dailies
* 3 IW MM changes, last one being yesterday
* today price was going only up and filled 99% of the range going in one direction only => ID #18.3.

Let's see what Miss Market will do.
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.
  • #8,537
  • Aug 23, 2013 1:37am Aug 23, 2013 1:37am
Quoting soso
Shorted EURGBP on an IW basis from 0.8568
Good morning,

Out at yet another BE. Nothing interesting on the charts today. Have a nice weekend all!
Trading = a mirror to your human flaws. Fix them or be fixed.
  • #8,538
  • Aug 26, 2013 2:25am Aug 26, 2013 2:25am
Morning traders. Monday means a start of new adventures in the markets. Last trading week this summer - let's enjoy it.

Closed the '13 summer properly! Had my first parachute jump yesterday! A jump from 3 km high with a half minute free fall with a speed of 180-200 km/h. More than 5 minutes in the air. If anyone would ask how I feel I'd simply answer - amazing. Even 'amazing' can't describe the feeling 100%. Won't ever forget the first time. And I am hooked - want to try it once more!

Wish all good luck!
Twitter: MrC_Forex ; Facebook: /pages/MrC-Forex/197693770247397
  • #8,539
  • Aug 26, 2013 3:41am Aug 26, 2013 3:41am
I'm making some chart sketches this morning and wanted to share the CAD/JPY picture. Possible triangle formation seen there on dailies. No action needed yet but there are quite a few possible scenarios. Two of them if price gets back to any of the border trend lines. Upper one for sells, lower one in case of a break - for sells again. Break of the lower TL is what I would be more comfortable with. There is also a buy possibility but some more price action is needed. Long signals with a break of the dotted TL are also a chance to make some pips but only with further confirmation.
Attached Image (click to enlarge)
Click to Enlarge Name: cadjpy_130826_d.png Size: 38 KB
Twitter: MrC_Forex ; Facebook: /pages/MrC-Forex/197693770247397
  • #8,540
  • Aug 26, 2013 7:28pm Aug 26, 2013 7:28pm
Opened a short position on GJ earlier during NY session.

As price failed to conclusively take out the top of a range (established/observed on dailies from 10.06.2013 onwards),I was looking for an opportunity to short this pair in the direction of the lower part of this range.

Today 18.4 presented itself with a clear resistance @ ~153.60 level (H1 resistance) being the point for entry.

MACD divergencies in multiple time frames also support the idea.

Good floating at the moment and trade at BE.

Hoping for the best.
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