The IGROK files - Adventures of a rookie using the Igrok method - Page 3
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Thread: The IGROK files - Adventures of a rookie using the Igrok method

  1. #21
    Quote Originally Posted by ;
    Interesting case on EU, seems to me like a HS pattern growing, although not precisely staged in look. Placed a brief entrance, SL at 14 pips/1.4% risked.

    Trailing stop hit by spike after US jobless figures, gained just 10 pips/ 1%. Should've left SL at BE and that I would've survived a bit longer to get a bit more profit. I participated a trailing stop due to HS pattern not quite looking like one anymore around the bottom of the right'shoulder'. Oh well, at least I left something now. Looks as though my projected MOT was overlooked by a couple pips too.

    Peace

  2. #22
    Quote Originally Posted by ;
    What we were talking about. . .diamond into HS? One can only dream. . .lol.
    Potential there, will keep an eye out for sure

  3. #23
    Desired a long entrance in EU, entered on using a 19.8. I see strong support in the daily 50% fib level and think price is in a uptrend, at least for today. Also worth noting only 43% AWR has been finished, thus we must expect some big movement in the next day or so.

    SL 25 pips/1.25% risked.


  4. #24
    Quote Originally Posted by ;
    Wanted a long entry in EU, entered on using a 19.8. I see strong support in the daily 50% fib level and think price is in a uptrend, at least for today. Also worth noting just 43% AWR has been finished, thus we should expect some big movement in the next day or so.

    SL 25 pips/1.25% risked.

    Out at -10 pips/-0.5percent reduction. Could've taken profit at 90% ADR, was waiting for price to reach 100 percent, but it might not happen now. Price moved down quickly, everyone chose to dump at the top

    did not use a trailing stop, and thus that is what happens.

  5. #25
    Greetings all,

    Went for a morning long 18.4 on EU. ADR just 34%, so if have plenty of room to recoup losses when price moves . SL is 20 pips/2% risked.



    Peace

  6. #26
    Quote Originally Posted by ;
    Greetings all,

    Went to Get a morning long 18.4 on EU. ADR just 34%, so should have plenty of space to recoup losses when price moves . SL is 20 pips/2% risked.



    Peace
    I'll never exchange when there's major news events . Looks loke I picked the worst pair to do it on. Totally unpredictable and volatile behaviour. SL got hit to get a -20 pip reduction, then PA chose to really go mad for the next hour. Reverse order SL reach for -20 pip reduction, so down -40 pips/-4% for now.

  7. #27
    It's that time again, my overview of this week. Very disappointed with my performance this week. By a very promising beginning using my 50 pip commerce on Monday, I have managed to eliminate half of my profits. And how readily I could have doubled it.

    On Tuesday I failed to heed the signals on my short EU positions and allow good profit slip away. My initial analysis said it was because of a news event spike, and while this may have had some impact on my ceases getting struck, I should've paid attention to this daily 50% fib amount which price had utilized as service, also bullish divs that started to take a look. These are all signs which I should've used for my advantage.

    Next evening I had a cable commerce where I tried to use daily 61.8 fib level for support, and the 20.6 as an entry. PA didn't break cleanly, and I had lots of chances to escape a losing trade, but didn't.

    From then on I believe my week went downhill. I won't go into too much detail, but some were in positions of profit which I just allowed to slip away because I wasn't handling them properly. Trading is a complete time job, and with intraday trading you can't expect that you can walk off and your target will get hit. Situations can change continuously in the market, and it pays to be vigilant.

    And my EU commerce Friday, I am trying to overlook that. The warning signs were there it was a very volatile pair to trade, even throughout the week that the daily close was always near to the daily open price plus PA was choppy. Insert the news events from yesterday, and it was a recipe for failure. But anyhow, the encounter of yesterday was really quite valuable, avert major news (if you don't have some profit locked in), along with choppy horrible PA..

    There's a saying that the market is like a reflection of yourself. And I think that applied for me this week. I wasn't able to trade with a transparent mind, and so my interpretation of this market has been distorted and caused me to take bad decisions. I also believe I took far too many transactions this week compared to what I'd been doing lately, a result of not getting my mind focused and right. So I want to receive my mind right for the coming week, and if I can not, I won't trade.

    I wouldn't class this week as a disaster, a disaster would be losing pips, but it feels near one simply because I allow those pips slip away. So if my calculations are right, I have gained 2.5% on initial account size. Whatever the case, we can not expect large profits per week, I believe occasionally you will experience demanding weeks, whether through poor transactions, or lack of commerce opportunities.

    Well, should not complain, this is my 7th week of being in profit, so must still be doing something right.

    Along for this, I want you all a great and relaxing (or rocking) weekend, serenity

  8. #28
    Quote Originally Posted by ;
    There is an expression that the market is like a reflection of your self. And that I think that employed for me this week. I wasn't able to trade with a transparent mind, and so my interpretation of the market has been distorted and caused me to shoot bad decisions. I also think I took far too many trades this week compared to what I had been doing lately, a result of not getting my thoughts right and focused. So I need to get my thoughts right for the coming week, and when I can't, I won't trade.
    Great paragraph directly there! That sort of reflection is what's gonna get you to your goals bro, no doubt about it

    7 weeks in profit!! *bow*

  9. #29
    Quote Originally Posted by ;
    Great paragraph right there! This type of manifestation is what's gonna get you to your goals bro, no doubt about it

    7 weeks in profit!! *bow*
    Thanks for you opinions Sim. Hope everything is going well with your own trading too

  10. #30
    Quote Originally Posted by ;
    Outside at -10 pips/-0.5% reduction. May have taken profit at 90% ADR, was waiting for price to hit 100 percent, but it might not happen now. Price moved down quickly, everyone chose to ditch at the top

    Didn't use a trailing stop, and so this is what occurs.
    Go for 80% of ADR should you want an ever higher probability for viewing your TP being hit

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