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

  • #1,201
  • Aug 7, 2008 4:11pm Aug 7, 2008 4:11pm
2. The very basic idea about divergences it's very simple. Bearish dovergences target the price of the very bottom of the valley between two peaks, while bullish divergences target the top of the peak between too valleys. In both cases those are the monimal targets or "must reach targets" accoding to my personal classification. However there are some complicated rules of it's practical use because some of the divergences could be negated by certain technical developments and circumstances or postponed.
  • #1,202
  • Aug 7, 2008 4:12pm Aug 7, 2008 4:12pm
Quoting BentRod
Gday Ig.
That was the formation I was referring to in post 1148.

Looks like both Cable and Euro are at critical levels right now.

Regarding EURUSD, would you call this the 3rd or 4th touch of that trendline?
Doesn't matter what touch it might make. 1.5280-5300 level will be broken no matter what.
  • #1,203
  • Aug 7, 2008 7:42pm Aug 7, 2008 7:42pm
All those stops certainly popped off as it went through there.
  • #1,204
  • Aug 7, 2008 7:50pm Aug 7, 2008 7:50pm
EUR/JPY also got out of the diamond and changed the direction of the main move of the month for the fourth time. Target for now - average monthly range and pehaps a bit bigger than that.
  • #1,205
  • Aug 7, 2008 8:32pm Aug 7, 2008 8:32pm
Cable could and should be the next one to trigger stops below the low of the year at 1.9338. Looks promising so far.
  • #1,206
  • Aug 7, 2008 8:35pm Aug 7, 2008 8:35pm
Yes, watching with interest.
  • #1,207
  • Aug 7, 2008 9:39pm Aug 7, 2008 9:39pm
There they go.

OK, MMOTY for Cable is now down.
  • #1,208
  • Aug 7, 2008 9:44pm Aug 7, 2008 9:44pm
Quoting BentRod
There they go.

OK, MMOTY for Cable is now down.
Yep. If no surprises then we should see a pretty good extension to form the annual range before the end of the year. But somehow I think that the Euro is to suffer the most and not just against the USD but on all other crosses.
  • #1,209
  • Aug 8, 2008 2:55am Aug 8, 2008 2:55am
Quoting Igrok
1. Here is a potential diamond on EUR/JPY in progress.
Thank you very much for the picture and the explanations.
EJ's 158.60-70 indeed looks like the next major flip zone.

Also agree on cable now that 1.94 went. I suspect a lot of orders were waiting. A LOT of pain happened in something as "small" as Asia(anyone seen AUDUSD?).
Tells me something.

I completely agree on the EURxxx possibly becoming the main sufferer, as it's been the most "wound up" against just about EVERYTHING as well, hence the comment about most of EJ potentially coming from EURUSD

Have a great weekend everyone
Trust price. Know yourself.
  • #1,210
  • Aug 8, 2008 3:24am Aug 8, 2008 3:24am
Hi,

Mr Igrok, I have read your book and it has indeed added lots of value to my trading. Thanks for penning down such a great book.

A little off topic, may I ask what are your thoughts on pivot points ?


Regards

mARK
  • #1,211
  • Aug 8, 2008 4:00am Aug 8, 2008 4:00am
Hello Mr. Igrok,

im a big fan of your trading style as well. i would like to ask if my target calculations for nzdusd are correct. im posting a clean chart.

Thank you
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  • #1,212
  • Edited 4:27am Aug 8, 2008 4:15am | Edited 4:27am
Quoting aiyahmarklah
Hi,

Mr Igrok, I have read your book and it has indeed added lots of value to my trading. Thanks for penning down such a great book.

A little off topic, may I ask what are your thoughts on pivot points ?


Regards

mARK
I don't really use pivots. Instead I apply something I call "layers" and use them to define potential borders and key supports and resistances.
  • #1,213
  • Aug 8, 2008 4:27am Aug 8, 2008 4:27am
Quoting belekas
Hello Mr. Igrok,

im a big fan of your trading style as well. i would like to ask if my target calculations for nzdusd are correct. im posting a clean chart.

Thank you
I don't really understand why a lot of traders disregard market prices actually traded but located in the shadows of candles. I have abandoned candlestick charts after the first year of my trading career because they often obscure real technical picture and never looked back since. Same is true in this particular case. The real minimal target on this chart points at the low of the previous year at .6640. I don't really believe that it makes sense just to ignore another 200 pips of potential profit. At least I'm personally not that generous to throw it away.
  • #1,214
  • Aug 8, 2008 4:30am Aug 8, 2008 4:30am
Quoting Igrok
I don't really understand why a lot of traders disregard market prices actually traded but located in the shadows of candles. I have abandoned candlestick charts after the first year of my trading career because they often obscure real technical picture and never looked back since. Same is true in this particular case. The real minimal target on this chart points at the low of the previous year at .6640. I don't really believe that it makes sense just to ignore another 200 pips of potential profit. At least I'm personally not that generous to throw it away.
Spasiba za otvet Mr Igrok. Thanks
  • #1,215
  • Aug 8, 2008 4:35am Aug 8, 2008 4:35am
Quoting belekas
Spasiba za otvet Mr Igrok. Thanks
Any time. ))))
  • #1,216
  • Aug 8, 2008 4:53am Aug 8, 2008 4:53am
Quoting Igrok
I don't really use pivots. Instead I apply something I call "layers" and use them to define potential borders and key supports and resistances.

makes sense...thank you !!
  • #1,217
  • Aug 8, 2008 7:45am Aug 8, 2008 7:45am
Nice Comb on GBPJPY weekly.

Looks better on Monthly Actually.
  • #1,218
  • Aug 10, 2008 8:24am Aug 10, 2008 8:24am
Quoting BentRod
Nice Comb on GBPJPY weekly.

Looks better on Monthly Actually.
Yes, looks promising. Minimal target ("must reach") - 198.00. Longer-term objective - 179.00
  • #1,219
  • Aug 10, 2008 10:27am Aug 10, 2008 10:27am
Dear Igor,
You mentioned target of 198 on the comb on a monthly chart, but when I look at the weekly, a nice comb to go long if broken is aprearing as well.
Whould you kindly comment on this situation ?
Best regards (love you book and make good money making trades using combs on 1h EURUSD, just a little problem with stops :-)
  • #1,220
  • Aug 10, 2008 10:28am Aug 10, 2008 10:28am
Weekly / Monthly Combs
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