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Igrok Method. Q's & A's. Comments, thoughts and ideas

  • #9,721
  • Jul 5, 2019 5:36pm Jul 5, 2019 5:36pm
I am not sure about diamond part but it was very tradable based on couple of facts first MACD daily divergence target was at .2760 from that point on market continued its main trend to the downside and every day of this week was presented with 18.4 template entries.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDJuly1st week.PNG Size: 103 KB
  • #9,722
  • Jul 25, 2019 5:33am Jul 25, 2019 5:33am
Daily divergence is pointing towards 1.2780
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDJuly29.PNG Size: 89 KB
  • #9,723
  • Jul 25, 2019 9:17am Jul 25, 2019 9:17am
Quoting Argo
Daily divergence is pointing towards 1.2780 {image}
Seems like its going to opposite direction 1.2250
  • #9,724
  • Jul 25, 2019 12:45pm Jul 25, 2019 12:45pm
If it brakes to the downside target should be around 1.2170
  • #9,725
  • Jul 25, 2019 12:50pm Jul 25, 2019 12:50pm
Quoting Argo
If it brakes to the downside target should be around 1.2170
Diagonal would be around 2250, but if you count target because its continuation, than probably yes.

Lower line has a combo on daily chart, 4x touches.
  • #9,726
  • Jul 25, 2019 12:51pm Jul 25, 2019 12:51pm
In addition, there is USDJPY 4h diamond with short option at 108.80
  • #9,727
  • Jul 25, 2019 1:55pm Jul 25, 2019 1:55pm
Hi Ridmantas,
Thank you for your comments. I am measuring diamond targets not by length of the largest diagonal but by length of the run from beginning of the trend to the extreme of the longest diagonal and then plot the same distance from opposite extreme in direction of the brake out in case of continuation just learned it from Igors comments and it feels a lot better - longer targets LOL.
In regards of USJPY I have been watching this formation for a long time I took a long today based on intrday 1-4H diamond it worked out good and base on that continuation for what it is the target maybe around the top 109 or perhaps higher. Just another perspective have a look at the attached.
Attached Image (click to enlarge)
Click to Enlarge Name: USDJPYJuly29.PNG Size: 124 KB
  • #9,728
  • Jul 25, 2019 11:28pm Jul 25, 2019 11:28pm
Quoting Argo
Hi Ridmantas, Thank you for your comments. I am measuring diamond targets not by length of the largest diagonal but by length of the run from beginning of the trend to the extreme of the longest diagonal and then plot the same distance from opposite extreme in direction of the brake out in case of continuation just learned it from Igors comments and it feels a lot better - longer targets LOL. In regards of USJPY I have been watching this formation for a long time I took a long today based on intrday 1-4H diamond it worked out good and base on that...

My top was reached at 108.75, now lets see if I get 105
Attached Image(s) (click to enlarge)
Click to Enlarge Name: GU.png Size: 75 KB
Click to Enlarge Name: UJ.png Size: 81 KB
  • #9,729
  • Jul 26, 2019 10:34am Jul 26, 2019 10:34am
Entered with short position on GBP/USD (1.2434) at the break of this diamond. But there are unfilled daily divergences. How far will it fall?
Attached Image (click to enlarge)
Click to Enlarge Name: gbp_usd 2019.07.26.png Size: 109 KB
Path of Righteousness
  • #9,730
  • Jul 27, 2019 4:37am Jul 27, 2019 4:37am
Moarty,

I looked at the size of the diamond and find beginning of the trend for this scale so I am measuring distance from 1.2785 to the bottom of the diamond 1.2380 then plot the same from the top of the diamond and you should have your first target 1.2185 If divergence gets broken it dont matter it just becomes unpayed debt.
  • #9,731
  • Jul 29, 2019 6:29am Jul 29, 2019 6:29am
Quoting Argo
Moarty, I looked at the size of the diamond and find beginning of the trend for this scale so I am measuring distance from 1.2785 to the bottom of the diamond 1.2380 then plot the same from the top of the diamond and you should have your first target 1.2185 If divergence gets broken it dont matter it just becomes unpayed debt.
It seems like that after this continuation diamond projected target 1,2250 or 1,2180 will be reached which matches with AMR 100%, we are going to admit lowest price of the year and we are going to see reverse up to 1.32-1.35 and even more when fundamentals of Brexit will be sorted out.
  • #9,732
  • Jul 29, 2019 11:03am Jul 29, 2019 11:03am
Anything is possible we just need to look at the next formation at that price levels but I am looing at the longer term TLs and 1.900 or even 1.500 with this speed is still possible Ll. But the star of the show today is EURGBP which in less that a trading day completed 300% ADR, 100% AWR and at 80% AYR
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDJuly29.PNG Size: 135 KB
  • #9,733
  • Jul 29, 2019 11:26am Jul 29, 2019 11:26am
I am considering short on EURGBP today from green line but on a longer run yellow lines have been verified with 3 touches so perhaps will be the trading range of this instrument
Attached Image (click to enlarge)
Click to Enlarge Name: EURGBPJUL29.PNG Size: 124 KB
  • #9,734
  • Jul 29, 2019 11:59am Jul 29, 2019 11:59am
Thanks for projections. Moved my TP to 1.2100. This is low formed in march 2017 and may or may not work as horizontal support. Stop loss put down to near local intraday support 1.2243. It's now 215 pips of profit of this trade in my paper trade account))
Path of Righteousness
  • #9,735
  • Jul 29, 2019 12:26pm Jul 29, 2019 12:26pm
Quoting Argo
I am considering short on EURGBP today from green line but on a longer run yellow lines have been verified with 3 touches so perhaps will be the trading range of this instrument {image}
awaiting intraday diamond?
Path of Righteousness
  • #9,736
  • Edited Jul 30, 2019 12:08am Jul 29, 2019 11:52pm | Edited Jul 30, 2019 12:08am
Attached Image (click to enlarge)
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Attached Image (click to enlarge)
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  • #9,737
  • Jul 30, 2019 3:05am Jul 30, 2019 3:05am
Quoting moarty
{quote} awaiting intraday diamond?
It was an attempt end of the day scalp but 12pips was lost In any case yellow line worked out and we are back in profits. There is also a line through top of 2008 and 2017 perhaps that one is holding as well

Good day Ridmantas
I have outlined the same formation but different feed will give you different results not sure who to trust but in general idea could be valid. looking at the same chart upside down i.e. USDGBP this may extend towards longer term TL to complete the year range
Attached Image (click to enlarge)
Click to Enlarge Name: USDGBPJUL30.PNG Size: 124 KB
  • #9,738
  • Jul 30, 2019 3:46am Jul 30, 2019 3:46am
Perhaps GBPUSD the red TL is the last frontier below are the gaps ahead of 1985 low. With predicted US market crash USD is only going to get stronger just by looking at 2008 and other years so 1.06 by the end of the year could be possible.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDJuly29.PNG Size: 142 KB
  • #9,739
  • Jul 30, 2019 3:51am Jul 30, 2019 3:51am
Hey Argo,

There is also enough time to change MMY and complete the range and couple Fundamentals would be in favor:
a) 2x Fed rate cuts (July, September) maybe even more;
b) If/or after October Brexit will be finalized, there would more clarity of the Great Britain future.

From technical perspective if this broadening triangle is valid it either can be broken to the upside. I am also looking at GU drop from 1.50, that also sooner or later will be restored.
  • #9,740
  • Jul 30, 2019 4:07am Jul 30, 2019 4:07am
Quoting Ridmantas
Hey Argo, There is also enough time to change MMY and complete the range and couple Fundamentals would be in favor: a) 2x Fed rate cuts (July, September) maybe even more; b) If/or after October Brexit will be finalized, there would more clarity of the Great Britain future. From technical perspective if this broadening triangle is valid it either can be broken to the upside. I am also looking at GU drop from 1.50, that also sooner or later will be restored.
Taking longs from here is in line with main move of the century may as well keep your position till 2.500 there is all kinds of shit needs to be covered drops and gaps and flats and divergences, trend lines touched 3 times may take another 40 years LOL
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDFUTURE.PNG Size: 115 KB
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