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

  • #1,221
  • Aug 10, 2008 10:46am Aug 10, 2008 10:46am
Quoting Peter1234
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 ?
It's not a "comb target". The target is based on the obvious bearish divergence. The upper comb on your picture is just a border of the bearish diamond. Similar one was on the EUR/JPY and has already been exited.
  • #1,222
  • Aug 10, 2008 11:04am Aug 10, 2008 11:04am
Igrok,
an apology.

I asked about MACD blindly without reading the prior 10-50 post first, where you had already supplied an answer to what I then asked again.

I basically did something I always get annoyed over when others do it(not even spend 5 minutes looking around) and I feel bad for it in turn. The only excuse I can bring forward is that the markets were still open and I was too distracted to do better. Irony is I actually read past the prior posts just the days before.

I also wanted to applaud you once more, because I still, as before, feel, that you're one of the few people who actually think in big enough target terms to actually be interesting to listen to.
It's easy to look at 1.1 USDCAD when you're 300 pips from it, but it's different when it's still > 500-800 pips away. Let alone a few thousand when it comes to EJ/GJ/GU/EU.

I am very seriously pondering how big a "phase shift" we are currently witnessing myself and it's just nice to see someone with perspective and experience go about things.

Sorry again for asking something that was already answered.

Have a(nother) great week,

SeekingLight
Trust price. Know yourself.
  • #1,223
  • Aug 10, 2008 11:20am Aug 10, 2008 11:20am
Quoting SeekingLight
Igrok,
an apology.

I asked about MACD blindly without reading the prior 10-50 post first, where you had already supplied an answer to what I then asked again.

I basically did something I always get annoyed over when others do it(not even spend 5 minutes looking around) and I feel bad for it in turn. The only excuse I can bring forward is that the markets were still open and I was too distracted to do better. Irony is I actually read past the prior posts just the days before.

I also wanted to applaud you once more, because I still, as before, feel, that you're one of the few people who actually think in big enough target terms to actually be interesting to listen to.
It's easy to look at 1.1 USDCAD when you're 300 pips from it, but it's different when it's still > 500-800 pips away. Let alone a few thousand when it comes to EJ/GJ/GU/EU.

I am very seriously pondering how big a "phase shift" we are currently witnessing myself and it's just nice to see someone with perspective and experience go about things.

Sorry again for asking something that was already answered.

Have a(nother) great week,

SeekingLight
No need for an apology. The market sometimes offers pretty good chances to make really huge bucks within a short period of time but it doesn't happen that often. This is one of those chances, I guess. And therefore a bigger picture gets way more important than some potential intraday and even intraweek trading opportunities.
  • #1,224
  • Aug 10, 2008 11:39am Aug 10, 2008 11:39am
BTW there is a good potential to see EUR/USD at around 1.37 level in 1-3 months from now. If so, it definitely makes sense to check out some bigger picture for just in case.
  • #1,225
  • Aug 10, 2008 12:28pm Aug 10, 2008 12:28pm
A, yes, I failed to spot this diamond but see it clearly now. The comb just seemed to jump out. Thank you, much to learn ...
Have a great week.
  • #1,226
  • Aug 10, 2008 3:44pm Aug 10, 2008 3:44pm
Hi Igrok,

I love this thread.. your unique PA-formation method amazed me.. so precised!



I'm wondering if this diamond-formation (attached) correct? .. does it matter when the 2nd and 3rd touches on the TL are too close?

Thank you.
Attached Image (click to enlarge)
Click to Enlarge Name: gj_110808.gif Size: 160 KB
  • #1,227
  • Aug 10, 2008 3:58pm Aug 10, 2008 3:58pm
Quoting metapips
Hi Igrok,

I love this thread.. your unique PA-formation method amazed me.. so precised!



I'm wondering if this diamond-formation (attached) correct? .. does it matter when the 2nd and 3rd touches on the TL are too close?

Thank you.
It is better seen on weekly and the borders there look much more accurate.
  • #1,228
  • Aug 10, 2008 4:14pm Aug 10, 2008 4:14pm
Quoting Igrok
It is better seen on weekly and the borders there look much more accurate.
Thanks!.. I really appreciate all your inputs.

Btw, does it matter when the 2nd and 3rd touches on the TL are too close? or they should be of some reasonable distance apart?

Regards
  • #1,229
  • Aug 10, 2008 4:19pm Aug 10, 2008 4:19pm
Quoting metapips
Thanks!.. I really appreciate all your inputs.

Btw, does it matter when the 2nd and 3rd touches on the TL are too close? or they should be of some reasonable distance apart?

Regards
Depends on a particular situation. Normally they have to be some bigger distance apart than is seen on your picture. But in this case you draw the line incorrectly. On weekly chart it's more obvious.
  • #1,230
  • Edited 5:00pm Aug 10, 2008 4:30pm | Edited 5:00pm
Quoting Igrok
Depends on a particular situation. Normally they have to be some bigger distance apart than is seen on your picture. But in this case you draw the line incorrectly. On weekly chart it's more obvious.
Ok.. thanks again!

I'm now reworking on it on the W1 chart...

Cheers


(update) You're right it's more obvious on W1 chart! .. hope that I'm doing it better this time (as attached)
Attached Image (click to enlarge)
Click to Enlarge Name: gj_110808w1.gif Size: 122 KB
  • #1,231
  • Aug 10, 2008 5:03pm Aug 10, 2008 5:03pm
Quoting metapips
Ok.. thanks again!

I'm now reworking on it on the W1 chart...

Cheers


(update) You're right it's more obvious on W1 chart! .. hope that I'm doing it better this time (as attached)
Overall it's a bearish wedge.
  • #1,232
  • Aug 10, 2008 5:33pm Aug 10, 2008 5:33pm
Quoting Igrok
Overall it's a bearish wedge.
Am I drawing it incorrectly?.. or it's not valid as a diamond-formation because of the lower-left diagonal TL doesn't touch 3 points?.. Please advise more at your convenience...

Thanks
  • #1,233
  • Aug 10, 2008 5:45pm Aug 10, 2008 5:45pm
Quoting metapips
Am I drawing it incorrectly?.. or it's not valid as a diamond-formation because of the lower-left diagonal TL doesn't touch 3 points?.. Please advise more at your convenience...

Thanks
For this border the point of the crossover with the chart is the third touch.
  • #1,234
  • Edited 6:39pm Aug 10, 2008 6:01pm | Edited 6:39pm
Quoting Igrok
For this border the point of the crossover with the chart is the third touch.
Ok.. I see it more clearer now.. for a diamond-formation to be valid, when on the third touch.. the PA must be positioned (happened to be) on the upper-right diagonal TL, as we plan to short it top from there as soon as it touches that TL?...

Thanks so much, I really appreciate it.. I need to learn more from you on all these formations stuff (hope you don't mind )

Regards


(update) Just as you said, the bearish-wedge break is happening now..
  • #1,235
  • Aug 10, 2008 10:21pm Aug 10, 2008 10:21pm
Below current intraday bottom Cable officially enters into a downtrend. USDX has entered into this stage last friday.
  • #1,236
  • Edited 2:00am Aug 11, 2008 1:27am | Edited 2:00am
Hello Igrok.

I might be observing a possible flag formation (or just a simple ascending channel) on the dayly gbpchf. Im posting a clean chart for you to check when you have a free minute. Thanks
Attached Image (click to enlarge)
Click to Enlarge Name: gbpchf_dayly_flag_110808.gif Size: 24 KB
  • #1,237
  • Aug 11, 2008 2:12am Aug 11, 2008 2:12am
Quoting belekas
Hello Igrok.

I might be observing a possible flag formation (or just a simple ascending channel) on the dayly gbpchf. Im posting a clean chart for you to check when you have a free minute. Thanks
It might be anything at this stage.
  • #1,238
  • Aug 11, 2008 4:45am Aug 11, 2008 4:45am
Quote
Instead I apply something I call "layers" and use them to define potential borders and key supports and resistances.

Igrok,
Could you expand on these layers a bit please?
  • #1,239
  • Aug 11, 2008 5:02am Aug 11, 2008 5:02am
Quoting BentRod
Igrok,
Could you expand on these layers a bit please?
It's a bit complicated to explain. The idea is that I cut past history charts by some straight lines to define potential borders for future moves. The difference between those lines and regular trendlines is that my lines cross the charts at multiple points cutting them like a tort. Then I trade between those lines also applying some of my templates for additional precision. The break of one line supposedly leads the market to the next one.
  • #1,240
  • Aug 11, 2008 5:06am Aug 11, 2008 5:06am
Quoting Igrok
It's a bit complicated to explain.
So whens the book coming out on this?
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