Fantastic day to you .

I'm still a newcomer in this Forex game, and happen to be demo trading for less than a year. I have tried different methods and systems employing the most weird and wonderful indiors known to person, however I found that they all had something in common: they consistantly lost me much more money than I created!

One may assert it is partly the trader's mentality that loses the cash, rather than the platform, and while this may be true, I assert that the ever changing market itself doesn't have regard for guy and his egies and indiors. If you are consistantly making money by means of various indiors, then more power to you, but this is not a street I wish to travel on any farther.

Hence we come to the Superb world of this Igrok method. For people who are not acquainted with this, I recommend you get yourself a copy of this superb book'Beat the Odds in Forex Trading' from Igor Toshchakov (Igrok). Once you've finished reading this, visit the ribbon where the writer himself was kind enough to answer questions from mere mortals such as ourselves. How many authors/traders have made a decision to do this, over a 3 year period, I ask?

The method basically teaches you how to trade on the principles of the Average Daily Trading Range, Trendlines, and Patterns. The publiion includes templates that can be applied to specific price setups and helps to take a lot of the emotion from trading. However, it still requires a lot of time, research, dediion, and practise to learn, as spotting patterns along with other setups is an art that can only be obtained through experiance.

As you read through this thread, you will observe that we mostly utilize Trend Lines, MACD to identify divegence and utilize since confirmation of price goal, along with statistical information based on Average Daily and Weekly Range. Aside from that, there are no moving averages, bollinger bands, SARS, candles, etc.. Sometimes we may use RSI to check overbought/oversold levels, but that's about it.

Price action and trendlines are our best friends here

This diary was started so that I can keep tabs on my winners and winners, and also be in a position to analayse what went wrong. Hopefully this can help all of the additional Igrok rookies out there to.

So with that, peace and good trading to you .