Intraday EUR/USD action. It is not a true channel because of the move sequence but the lines are parallel, and it's MOT behaved like a channel's. image

Unimportant fellow's equally unimportant journal v2.0

Here's how it looks with the break: image Or it now could be looked at like this, though there are slight gaps between the middle two approaches. image Or even like this, though there's still a little bit of a gap in the middle image Will ...

Unimportant fellow's equally unimportant journal v2.0

The price broke the TL slightly and jumped back on. Also I took a look how NZD was doing against other pairs, and it seems to be doing well against EUR and USD. The 1:3 risk:reward is not that sexy either. Thus I changed my mind and I don't like the ...

Unimportant fellow's equally unimportant journal v2.0

Sell order established. I'm not moving my stop yet and letting the trade run as it is. Noticed a setup on NZD/JPY. The price is heavily trending upwards, but there's a TL with three touches plus a fresh divergence, pointing to 63.25, which I'm going ...

Unimportant fellow's equally unimportant journal v2.0

EUR/CHF broke a confluence of two trendlines today. As we can see the longer pink TL is not usual with a break between the 1st and 2nd touches. An intraday stop above a local high at 1.3745 or 1.3751 could've been used. There's a divergence on H4, ...

Unimportant fellow's equally unimportant journal v2.0

Looks like we had an intraday now broken diamond on AUD/CAD. The left side can be drawn in two ways. Main diagonal pointing down, so the diamond should continue going up. Let's see if it reaches it's MOT. For watching only. If I were to enter long ...

Unimportant fellow's equally unimportant journal v2.0

Thank you Niteshift. The trade reached it's target. Since EUR/USD and USD/CHF are in reverse correlation (but not as much nowadays since EUR/CHF started a life of it's own), I knew I could've kept the trade for a bit longer, since the MOT of the ...

Unimportant fellow's equally unimportant journal v2.0

Hey Niteshift, I think you might be getting back to demo too soon. Quite a few losses in a row are normal with a system like this, especially when you consider the R:R. It's the exact opposite of when someone is trading with a big stop and a small ...

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

Looks like there's a flat surface/comb like formation. Seems it has too many touches and should be broken. I'm putting a sell order below the low of the day, so the order will be activated when the line is broken AND the main move of the day is ...

Unimportant fellow's equally unimportant journal v2.0

Here's the status with USD/CHF. As you can see the reverse was triggered. I've established a MOT by drawing another border of equal length of the channel. How I did that you can see on the chart. TP at 0.967. image Stop placement: image

Unimportant fellow's equally unimportant journal v2.0

The reverse was triggered when the main move of the week changed it's direction. An interesting after the fact observation: if we take the two tips of the triangles which form the diamond, and divide their intersection point values by two, we get ...

Unimportant fellow's equally unimportant journal v2.0

Just bought the third approach of the bottom border of a possible channel. I'm putting a reverse below the SL, with a 40 pip stop above local intraday high at 0.9851. image

Unimportant fellow's equally unimportant journal v2.0

The line was broken by a few pips, but it could be redrawn if you connect the first and the third highs. image image Of course, I now regret not closing some of my position, but it's too late to do anything now. I have my stop at BE, with a ...

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Does anyone know if these spikes on CAD pairs are valid price action or were made by Oanda as a market maker? image image image image

OANDA Discussion

You can see the outcome. No intraday levels for stops were offered, only the one above the day's high could've been used, and that would have meant a stop of roughly 40 pips, which would've been ~40% of 42ADR. Possible new narrowing channel/wedge ...

Unimportant fellow's equally unimportant journal v2.0

A stop of below 61.00 or at 61.06 was offered. image Longer term view: image

Unimportant fellow's equally unimportant journal v2.0

With the EUR/USD trade I was trying to catch a third approach of the bottom border of a possible rising channel, but it seems that this scenario will not be happening. Still, let's wait and see if we can get anything later on. Green line indicating ...

Unimportant fellow's equally unimportant journal v2.0

If one has giant balls of steel then you could try buying this rising TL which is inside the diamond, with a stop outside the day's range just below the low. Or perhaps this is a hint to take half of my profits. We shall find out. image image

Unimportant fellow's equally unimportant journal v2.0

Was out of action for the good first half of the day as had to backup all my stuff, and then a fresh install of Windows until 4AM or so. Don't use "UltraSurf", there's a good probability that it is rigged with a trojan/virus, though Comodo Antivurs ...

Unimportant fellow's equally unimportant journal v2.0

Cancelling the order. The market changed it's mind and started forming a diamond instead. If to trade the break then a stop inside the day's range would've been required. Now let's see if it goes anywhere. image

Unimportant fellow's equally unimportant journal v2.0