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

  • #1,141
  • Jul 8, 2008 7:22am Jul 8, 2008 7:22am
Hello Igrok,

can you confirm if this is a valid diamond on dayly usdyen?

Cheers!
Attached Image(s) (click to enlarge)
Click to Enlarge Name: uj_h4_hmm_0807.gif Size: 18 KB
Click to Enlarge Name: uj_h4_hmm2_0807.gif Size: 18 KB
Click to Enlarge Name: uj_h4_hmm3_0807.gif Size: 18 KB
  • #1,142
  • Jul 8, 2008 8:35am Jul 8, 2008 8:35am
Quote
What do you mean?

Hi Jup.

By setup I meant how would you enter the trade and why.

Looks like a 19.6 with maybe a 18.3 thrown in for good measure.

Turned out to be a good one regardless, hope you got onto it mate.

Cheers
  • #1,143
  • Jul 8, 2008 8:38am Jul 8, 2008 8:38am
Quote
can you confirm if this is a valid diamond on dayly usdyen?

Belekas,
I'm sure Igrok will reply but I can't see one.

A diamond has to begin with an expanding triangle, each impulse larger than the previous.
  • #1,144
  • Jul 8, 2008 4:17pm Jul 8, 2008 4:17pm
Quoting belekas
can you confirm if this is a valid diamond on dayly usdyen?
Not valid.
  • #1,145
  • Jul 9, 2008 5:37am Jul 9, 2008 5:37am
What about these formations on euro? thanks for your comments Igrok.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: eu_h1_diamond_0808.gif Size: 31 KB
Click to Enlarge Name: eu_h4_rectangle_patternt0808.gif Size: 31 KB
  • #1,146
  • Jul 16, 2008 6:21am Jul 16, 2008 6:21am
Tiny range on NZD/USD so far today.

Looks like a setup for an 18.1.
  • #1,147
  • Jul 25, 2008 12:16am Jul 25, 2008 12:16am
Sorry for not replying in time. Got a bit busy with some unexpected stuff. Seems it's too late to comment on those charts but over that time a numerous diamonds have been formed and got broken out. The most significant was the one on the USD/CHF daily chart with a single diagonal pointed down. So, the break on the upside, that occured 3-4 days ago, was quite in line with normal expectations.
  • #1,148
  • Jul 25, 2008 12:41am Jul 25, 2008 12:41am
I didn't notice that one, thx for pointing it out.


Seems to be a small expanding triangle forming on EUR/JPY daily, be interesting to see if that turns into something significant.
  • #1,149
  • Jul 25, 2008 12:48am Jul 25, 2008 12:48am
Quoting BentRod
I didn't notice that one, thx for pointing it out.


Seems to be a small expanding triangle forming on EUR/JPY daily, be interesting to see if that turns into something significant.
This little triangle is not a big deal. However it seems that 1.5600 is a must, cause it is likely to follow the swissy and to change the direction of the main move of the month. The most significant supportive levels are for Cable here. In case it makes a break out of the huge "diamond like" symmetrical formation on weeklies then it's "must reach" target should be set at 1.85 followed by 1.70 as a longer-term projection.
  • #1,150
  • Jul 25, 2008 1:06am Jul 25, 2008 1:06am
Quote
However it seems that 1.5600 is a must

Gday Ig,
Did you mean 1.65?
  • #1,151
  • Jul 25, 2008 1:07am Jul 25, 2008 1:07am
Also, If you get time could you post a chart of the GBP formation?

Thanks mate.
  • #1,152
  • Jul 25, 2008 1:14am Jul 25, 2008 1:14am
Quoting BentRod
Gday Ig,
Did you mean 1.65?
1.5608 is the low of the current month.
  • #1,153
  • Jul 25, 2008 1:17am Jul 25, 2008 1:17am
Quoting BentRod
Also, If you get time could you post a chart of the GBP formation?

Thanks mate.
There is nothing to post. It's obvious from the first glance. I'm talking about the formation that is mostly consisted of the current year's activity. Besides Cable is the only one among majors obviously lacking its average yearly range. It's about time to choose a direction for the reminder of the year.
  • #1,154
  • Jul 25, 2008 1:26am Jul 25, 2008 1:26am
Quote
I'm talking about the formation that is mostly consisted of the current year's activity

Ok Thanks.
I thought their may be a larger formation.

Quote
1.5608 is the low of the current month.

Now I am confused.

I have the month low of EUR/JPY @ 165.26 on July 16th.
  • #1,155
  • Jul 25, 2008 1:36am Jul 25, 2008 1:36am
Ahhh....you are referring to EUR/USD, thought you were talking about EUR/JPY.
  • #1,156
  • Jul 25, 2008 2:21am Jul 25, 2008 2:21am
Quoting BentRod
Ahhh....you are referring to EUR/USD, thought you were talking about EUR/JPY.
Sorry. Obviously I was talking about EUR/USD.
  • #1,157
  • Jul 25, 2008 12:14pm Jul 25, 2008 12:14pm
Hello Igrok,

Glad to have you back.

I believe I have might have spotted another one on daily loonie.

The lines on this one are a bit "dirty" but it looks like it will break on the top side.

Valid diamond?

Best.
JP.
Attached Image (click to enlarge)
Click to Enlarge Name: usd_cad_daily_25_07_2008_diamond.gif Size: 20 KB
  • #1,158
  • Jul 27, 2008 4:21pm Jul 27, 2008 4:21pm
Hi JP


I am no diamond expert but can see that you have drawn your lines through the candles. Igroks trend lines contain all of the price action

http://www.forexfactory.com/showpost.php?p=2092570&postcount=1136

Quoting jupiter_peak
Hello Igrok,

Glad to have you back.

I believe I have might have spotted another one on daily loonie.

The lines on this one are a bit "dirty" but it looks like it will break on the top side.

Valid diamond?

Best.
JP.
  • #1,159
  • Jul 28, 2008 1:50am Jul 28, 2008 1:50am
Quoting jupiter_peak
Hello Igrok,

Glad to have you back.

I believe I have might have spotted another one on daily loonie.

The lines on this one are a bit "dirty" but it looks like it will break on the top side.

Valid diamond?

Best.
JP.
Don't think so. The lines must be accurately drawn at all times. fxprocessor is right with his comment.
  • #1,160
  • Edited 5:33am Jul 28, 2008 3:36am | Edited 5:33am
Not so nice lines as well. But can these be little diamonds?
Attached Image (click to enlarge)
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