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

  • #9,021
  • Mar 24, 2014 9:36am Mar 24, 2014 9:36am
Quoting Mr.C
{quote} {quote} Hi Aediaz, Alex. Guys, may I ask when did you last successfully trade a diamond? Just curious.
I haven't seen nor traded a diamond like this for quite some time, probably a 6-8 months! But back when I was trading live, I traded plenty of diamonds with good confidence.

Have you given up on diamonds?
Measure twice, cut once
  • #9,022
  • Mar 24, 2014 9:41am Mar 24, 2014 9:41am
Quoting Mr.C
{quote} Alex, I just wanted your opinion. I think most, could be 99% of traders (including myself) would not answer this question. That is why I don't trade diamonds. Just wanted to hear the statistics of traders, who use them. Anyone could help me out?
My success rate with diamonds varied from 60% - 70 % (at most). I'll see if I can find the exact numbers. I remember Igrok said he had 90 % on them. Needless to say, he's far better to identify & trade them than me.

I wouldn't be scared of a success rate of 50 % with diamonds - if correctly identified. The R:R was usually crazy in most cases.

Hope this helps.
Measure twice, cut once
  • #9,023
  • Mar 24, 2014 9:58am Mar 24, 2014 9:58am
Quoting aediaz1
{quote} I haven't seen nor traded a diamond like this for quite some time, probably a 6-8 months! But back when I was trading live, I traded plenty of diamonds with good confidence. Have you given up on diamonds?
Quoting aediaz1
{quote} My success rate with diamonds varied from 60% - 70 % (at most). I'll see if I can find the exact numbers. I remember Igrok said he had 90 % on them. Needless to say, he's far better to identify & trade them than me. I wouldn't be scared of a success rate of 50 % with diamonds - if correctly identified. The R:R was usually crazy in most cases. Hope this helps.
Wasn't a big fan of diamonds earlier too. But it isn't only about diamonds. I am trying to figure out how effective some setups of this strategy still are (having in mind the last 12 months period).
Twitter: MrC_Forex ; Facebook: /pages/MrC-Forex/197693770247397
  • #9,024
  • Mar 24, 2014 10:41am Mar 24, 2014 10:41am
Hey guys,

I'm not sure but I think you're in the same both as I am (or was). In the last 6-12 months every time I thought things start to move as expected again, market thought otherwise. Every step forward followed 2 steps backward. Or so. Crafted a lot of data analytics looking for an answer, what I cam up with was that volatility & trendiness shrinked a lot. Probabily the market as a whole too. Not sure, but I realized it just didn't work out for me anymore. So I have decided to leave the boat. Not the trading both, just this Igrok specific boat.

Wish you good luck guys, all Igrok followers.

Cheers,
Trading = a mirror to your human flaws. Fix them or be fixed.
  • #9,025
  • Edited 11:11am Mar 24, 2014 11:01am | Edited 11:11am
Quoting soso
Hey guys, I'm not sure but I think you're in the same both as I am (or was). In the last 6-12 months every time I thought things start to move as expected again, market thought otherwise. Every step forward followed 2 steps backward. Or so. Crafted a lot of data analytics looking for an answer, what I cam up with was that volatility & trendiness shrinked a lot. Probabily the market as a whole too. Not sure, but I realized it just didn't work out for me anymore. So I have decided to leave the boat. Not the trading both, just this Igrok specific boat....
Hi S. I skipped most of the rules and setups of this strategy for some time now so yes, we're on the same boat. Good luck to you too buddy! Let's keep in touch.
Twitter: MrC_Forex ; Facebook: /pages/MrC-Forex/197693770247397
  • #9,026
  • Mar 24, 2014 12:49pm Mar 24, 2014 12:49pm
Quoting Mr.C
{quote} ..Changed my sell into a buy order from 141,02 (SL @ 140,62). Wish you a sunny and profitable day and week!
Today's EJ buy is floating with +20, SL moved to +1. Chart. (https://www.facebook.com/197693770247397/photos/a.259433740740066.84135.197693770247397/854298981253536/?type=1&theater)
Twitter: MrC_Forex ; Facebook: /pages/MrC-Forex/197693770247397
  • #9,027
  • Mar 24, 2014 1:08pm Mar 24, 2014 1:08pm
Quoting Mr.C
{quote} AUD/USD: sold the pair manually @ 0,9124. Same SL @ 0,9157.
Closed the short AUD/USD position with -20 pips. Don't like what is happening there.
Twitter: MrC_Forex ; Facebook: /pages/MrC-Forex/197693770247397
  • #9,028
  • Mar 24, 2014 1:11pm Mar 24, 2014 1:11pm
Quoting Mr.C
{quote} Today's EJ buy is floating with +20, SL moved to +1. Chart. (https://www.facebook.com/197693770247397/photos/a.259433740740066.84135.197693770247397/854298981253536/?type=1&theater)
Closed today's EJ buy for +51 pips (+1,03%). No more calls today. Good luck.
Twitter: MrC_Forex ; Facebook: /pages/MrC-Forex/197693770247397
  • #9,029
  • Mar 24, 2014 2:58pm Mar 24, 2014 2:58pm
Quoting Mr.C
{quote} {quote} Wasn't a big fan of diamonds earlier too. But it isn't only about diamonds. I am trying to figure out how effective some setups of this strategy still are (having in mind the last 12 months period).
I have to admit that diamonds was and still is my favorite pattern, combined with i.e 18.4. The strength of Igrok´s method is to combine / stack different pattern in order to build higher win % rate. For example - 18.4 all by itself performs barely decent (unless the market is trending) lately. But once you combine / stack it with another pattern, you have a killer setup.

It´s like have a pair of 10 in Texas Hold´em - its not that good unless the flop is on your side.
Measure twice, cut once
  • #9,030
  • Mar 24, 2014 3:04pm Mar 24, 2014 3:04pm
Quoting soso
Hey guys, I'm not sure but I think you're in the same both as I am (or was). In the last 6-12 months every time I thought things start to move as expected again, market thought otherwise. Every step forward followed 2 steps backward. Or so. Crafted a lot of data analytics looking for an answer, what I cam up with was that volatility & trendiness shrinked a lot. Probabily the market as a whole too. Not sure, but I realized it just didn't work out for me anymore. So I have decided to leave the boat. Not the trading both, just this Igrok specific boat....
Yes, it has been very hard to trade the past months. I´m sorry to see you leave the method. You have contributed with some excellent data analysis over the past years and you clearly have a strong suited mind for trading. I hope to see you around, Soso!
Measure twice, cut once
  • #9,031
  • Mar 25, 2014 2:22am Mar 25, 2014 2:22am
Hey Andre,

Thank you for your kind words. Yeah I'm still around just more open minded and closer to the market action, hoping so.

Cheers,
Trading = a mirror to your human flaws. Fix them or be fixed.
  • #9,032
  • Mar 25, 2014 8:45am Mar 25, 2014 8:45am
The diamond we talked about on gbp/jpy is doing its job so far. Long from lower boarder, TP into the upper boarder and short with SL above weekly high.

No matter how this diamond turn out (target 250 pips below from the price ATM), its a technical beauty.
Attached Image (click to enlarge)
Click to Enlarge Name: 1.JPG Size: 136 KB
Measure twice, cut once
  • #9,033
  • Mar 26, 2014 7:37am Mar 26, 2014 7:37am
Hi guys. Aussie and Geppy on today's list. Exact numbers. (https://www.facebook.com/permalink.php?story_fbid=855311521152282&id=197693770247397&stream_ref=10)

Good luck today!
Twitter: MrC_Forex ; Facebook: /pages/MrC-Forex/197693770247397
  • #9,034
  • Mar 26, 2014 8:58am Mar 26, 2014 8:58am
GBP/USD: pending sell placed @ 1,6581. SL @ 1,6616.
Twitter: MrC_Forex ; Facebook: /pages/MrC-Forex/197693770247397
  • #9,035
  • Mar 26, 2014 11:23am Mar 26, 2014 11:23am
Quoting Mr.C
GBP/USD: pending sell placed @ 1,6581. SL @ 1,6616.
Activated.
Twitter: MrC_Forex ; Facebook: /pages/MrC-Forex/197693770247397
  • #9,036
  • Mar 26, 2014 5:24pm Mar 26, 2014 5:24pm
GBP/USD: added a buy from 1,6583. SL @ 1,6543.
Twitter: MrC_Forex ; Facebook: /pages/MrC-Forex/197693770247397
  • #9,037
  • Mar 26, 2014 10:06pm Mar 26, 2014 10:06pm
Quoting Mr.C
GBP/USD: added a buy from 1,6583. SL @ 1,6543.
Good early morning traders. Last night's GU closed at the entry price.

Wish you all a nice & profitable day!
Twitter: MrC_Forex ; Facebook: /pages/MrC-Forex/197693770247397
  • #9,038
  • Mar 28, 2014 7:14am Mar 28, 2014 7:14am
Quoting Mr.C
Hi guys. Aussie and Geppy on today's list. Exact numbers. (https://www.facebook.com/permalink.php?story_fbid=855311521152282&id=197693770247397&stream_ref=10) Good luck today!
Hi traders. AUD/USD short active and running. Trade plan. (https://www.facebook.com/permalink.php?story_fbid=856350901048344&id=197693770247397&stream_ref=10)
Twitter: MrC_Forex ; Facebook: /pages/MrC-Forex/197693770247397
  • #9,039
  • Mar 31, 2014 5:07am Mar 31, 2014 5:07am
Hi traders. Monday, back to markets. As always - last weeks results. (https://www.facebook.com/permalink.php?story_fbid=858026134214154&id=197693770247397&stream_ref=10)

Chart scan is on. Will share the numbers. Good luck!
Twitter: MrC_Forex ; Facebook: /pages/MrC-Forex/197693770247397
  • #9,040
  • Apr 3, 2014 12:50am Apr 3, 2014 12:50am
Attached Image (click to enlarge)
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