Thread: The IGROK files - Adventures of a rookie using the Igrok method

Originally Posted by ;

Go for 80 percent of ADR if you want to have an ever higher likelihood for seeing your TP being hit

Thanks for the suggestion aediaz

Good day to you all,

Have gone for an early afternoon 18.4 on Swissy. The pair was in a solid downtrend for a few weeks, so that my only threat is that the pair is now in a change. But stating that, having observed last week PA, the pair struggled to change it's chief movement for the week to UP. Notice as well that even after a bullish rally following NFP, high prices were immediately rejected.

Anyway, I found a fantastic chance for a short entry and decided the risk was worthwhile. SL is 15 pips/1.47% risked. Just 42 percent ADR completed, therefore reverse order must pay for my losses if plan fails.



There is also the ascending TL that price is over, and it will be nice if this could get broken.

Peace

Wasn't that TL broken ?

Originally Posted by ;

Was not that TL broken already?

Yes, your one is. My one differs, I connected the first low with the hottest lows, missing out the center ones. Whether it's legitimate or not remains to be seen. We'll know soon enough

Ahhh ok. Well in that case good fortune.

Another ancient 18.4, now on EU. This has a strong recent uptrend with PA bouncing off a 50% fib support a few months ago, therefore uptrend should continue.

SL for the time being is 17 pips/1.7%, but nice low ADR in 40%. Again, losses must be covered if plan goes wrong. Odds are enhanced as scheduled news events are over for the afternoon.

Didn't realise it had been US Labour afternoon, so will likely depart these trades early. Thank you for FXChi for the reminder, and from now on I shall only use theforexintuitivecalender here, and not the other crappy one I have been using the past couple of months (the site shall stay nameless!)

Looking at past data, I would be wise to depart these around midday GMT. We'll see how it goes. Anyway, still studying it appears.

Peace

Originally Posted by ;

Another early 18.4, now on EU. This has a powerful recent uptrend using PA rebounding off a 50 percent fib service a couple of weeks back, therefore uptrend should continue.

Exited out at BE.

Originally Posted by ;

Good evening to you all,

Have gone for an early afternoon 18.4 on Swissy. The pair was in a strong downtrend for a few weeks, so my only danger is that the pair is currently in a reversal.

Peace

Out at 22 pips/ 2.16% profit.

Lesson for today: understand your federal holidays!

I think EU may be building a main diagonal targeting 2850 which could turn into a diamond. High today was 2917 and unpaid 1hr div debt @ 2931 resembles a must to me.