Hey Niteshift! To me it looks like you bought the break of a h&s neckline, and the formation seems to be at an end of a medium(short?) term trend. That means the situation is not as bad as you think! I have only tried trading this formation once, ...

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

The next trading opportunity to sell AUD/CAD. Currenty I have a problem with establishing a target for this. There is a divergence on H11/H12 (talk about non standard TF, LOL), pointing to 0.8866 but that seems like an unrealistic target for such a ...

Unimportant fellow's equally unimportant journal v2.0

Ahh, ahh, ahh. Everything it's so obviously obvious after the fact. I was expecting a break to the downside as the support had so many approaches. What I did not realize that I could try buying it with a stop just below the support. The price made a ...

Unimportant fellow's equally unimportant journal v2.0

Some good setups were missed today. Exhibit A: This triangle was a bit unusual in it's shape, but the move sequence is correct. image Or it could've been drawn intra-weekly. The upper border was defined with three touches, giving an opportunity to ...

Unimportant fellow's equally unimportant journal v2.0

Here's what it looks like now. Doesn't look as beautiful now, does it? If I were to enter this ideally I would've entered at the projection of the right shoulder. But again I do not like these type of patterns, and it would've been a long shot to ...

Unimportant fellow's equally unimportant journal v2.0

Looks like a H&S on EUR/USD. The two lines are completely symmetrical thus both shoulders are of equal length. Very nice picture, though I'm not a fan of these formations at the moment so I won't plan a trade on it, especially since it's not at a ...

Unimportant fellow's equally unimportant journal v2.0

The following is not exactly per Igrok teachings, but I've seen other senior members do such style trades, and I'm willing to risk. I think the two spikes might be a reliable level for stops, and the single local spike is good for entry. Of course I ...

Unimportant fellow's equally unimportant journal v2.0

We have a fully formed intraweek channel on AUD/CAD. As of right now, I can sell right now with a 20 pip stop above the day's high. But it is against the main move so I'm not sure of myself. Rather, I'll wait until the price comes to the bottom ...

Unimportant fellow's equally unimportant journal v2.0

Not sure how the borders should be drawn, the following drawing defines the move sequence of the right hand side of the triangle correctly. image Though I can tell you one problem that I have with it. I dislike the left side of the diamond, the ...

Unimportant fellow's equally unimportant journal v2.0

Was stopped out on Sunday open. image This week I'll try 18.4 instead if I see an opportunity, as 18.1 does not offer as good R:R. It is quite clear that last week I over-traded. It was the first week of my new journal, and I was eager to make ...

Unimportant fellow's equally unimportant journal v2.0

Here's what happened with Friday's EUR/GBP setup. I was expecting a break to the upside, while the formation was not complete. I had a perfect opportunity to sell the upper border with a stop outside the day's range, and I missed it because I was ...

Unimportant fellow's equally unimportant journal v2.0

Here's a beautiful picture on EUR/DKK. I do not trade this pair, as the spread is gigantic. I only watch it to see how great the correlation is between EUR/USD and USD/DKK. The two lines are completely parallel. Touch on the top border and then we ...

Unimportant fellow's equally unimportant journal v2.0

When I finished my analysis it was late already so I thought I'll go to sleep rather than post my ideas. Better late than never. Two possible long term setups: EUR/GBP seems to be forming a channel/wedge like formation. I dislike the first touch of ...

Unimportant fellow's equally unimportant journal v2.0

With my buy trade on GBP/JPY nearly coming to my stop, it's been a rough start for the first week of my new journal. But things will get better with time. Updates and ideas for the next week to follow on Sunday. Now it is time to call it a week and ...

Unimportant fellow's equally unimportant journal v2.0

Stopped out on my USD/CHF short. Just realized my mistake. Now it's quite clear what I should've chosen as my TP and Reverse point. image

Unimportant fellow's equally unimportant journal v2.0

It's probably more something like this. image

Unimportant fellow's equally unimportant journal v2.0

USD/CHF extended it's daily range to 75%, turned around and will stop me out soon. Too bad cause I don't have a level for a reverse. GBP/JPY is at the order entry point, it's range being at 40%, maybe we'll see something better with it.

Unimportant fellow's equally unimportant journal v2.0

The heck is going on with Oanda? Check out the M5 charts: Oanda image FxPro MT4 image City image

Unimportant fellow's equally unimportant journal v2.0

I'm canceling my EUR/GBP orders as Oanda's spreads have got crazy and the market made a lower low again.

Unimportant fellow's equally unimportant journal v2.0

WTF! Look at the spreads. Dear god. image

OANDA Discussion