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

  • #1,421
  • Aug 26, 2008 1:27pm Aug 26, 2008 1:27pm
Quoting metapips
if based on D1 the touches are too many (thus not valid?) on the lower right TL.
It looks OK to me.
  • #1,422
  • Aug 26, 2008 1:41pm Aug 26, 2008 1:41pm
Quoting Igrok
It looks OK to me.
Oh ok... thanks again!
  • #1,423
  • Aug 26, 2008 4:03pm Aug 26, 2008 4:03pm
Quoting Igrok
There is no divergence on monthly on UJ.
Thanks for your quick response !

Still not sure about the monthly bullish divergence I see... maybe you can give me a short hint to guide me to the right direction... thanks!
Attached Image (click to enlarge)
Click to Enlarge Name: uj-monthly-divergence.JPG Size: 49 KB
  • #1,424
  • Aug 26, 2008 5:20pm Aug 26, 2008 5:20pm
Did you join Soros and "the boys" back in '92 on the collapse of pound ?
Attached Image (click to enlarge)
Click to Enlarge Name: soros.jpg Size: 103 KB
Measure twice, cut once
  • #1,425
  • Aug 26, 2008 9:00pm Aug 26, 2008 9:00pm
Igrok,

Based on the formations defined eg. diamond, trendlines..

How do u plan your entry point ahead ?
Keep it simple and sweet !
  • #1,426
  • Aug 26, 2008 9:11pm Aug 26, 2008 9:11pm
Quoting k-i-s-s
Igrok,

Based on the formations defined eg. diamond, trendlines..

How do u plan your entry point ahead ?
In a diamond like the current one on UJ I usually try to catch all the moves starting from the next after the main one. It apparently requires some skills and experience, but this time it was quite obvious. The rest is described in my book.
  • #1,427
  • Aug 26, 2008 9:12pm Aug 26, 2008 9:12pm
Quoting aediaz1
Did you join Soros and "the boys" back in '92 on the collapse of pound ?
No. I missed that one as I only began my trading career in 1993.
  • #1,428
  • Aug 26, 2008 9:15pm Aug 26, 2008 9:15pm
Quoting ernesto
Thanks for your quick response !

Still not sure about the monthly bullish divergence I see... maybe you can give me a short hint to guide me to the right direction... thanks!
I have already explained it somewhere here in the thread. It must be on the same side either below or above the zero line. Besides, there is no confirmation until the lines have made a confirmed crossover.
  • #1,429
  • Aug 27, 2008 1:43am Aug 27, 2008 1:43am
Quoting Igrok
1.59 is a must, but I don't know about timing or sequences.
Was just curious - I thought this was in reply to NZDUSD? Or did you mean 0.5900?

I was also wondering whether/where you shorted UJ. I'm assuming you are expecting it to be a reversal diamond?
You're always so tight-lipped and secretive
Are you sure you're not Ex-KGB?

I'm currently wondering whether we won't get a last pull up to the 110s again, although just about everything I see on the chart seems to be bearish for USDJPY.

The weekly bars look a bit like EJ's struggle at 170, don't they(open/closes going nowhere)?
Trust price. Know yourself.
  • #1,430
  • Edited 2:26am Aug 27, 2008 2:06am | Edited 2:26am
Quoting SeekingLight
Was just curious - I thought this was in reply to NZDUSD? Or did you mean 0.5900?

I was also wondering whether/where you shorted UJ. I'm assuming you are expecting it to be a reversal diamond?
You're always so tight-lipped and secretive
Are you sure you're not Ex-KGB?

I'm currently wondering whether we won't get a last pull up to the 110s again, although just about everything I see on the chart seems to be bearish for USDJPY.

The weekly bars look a bit like EJ's struggle at 170, don't it?
Yeah. It was a typo. I mean .5900 on NZD indeed. It hasn't been able to make a break of the main trendline yet, but a longer-term divergence points at that level.
I don't publish my actual trades or even trading signals because without a real time follow up and a proper update it might damage someone's positions or trading plans. Besides, trading signals alone are not enough for achieving actual success as any trading plan must include stops, money management idea and also plans B, C, D etc. just in case the initial one goes down the drain. It's a full time service, which I'm not interested in providing. And yes, I used to have some pretty good KGB, CIA, FBI and Mossad connections and even some basic training in this field.
About the UJ I don't know. I don't base my trades on pure fortunetelling or some sort of sentiment even if it's my own. I prefer developing trading plans.
  • #1,431
  • Aug 27, 2008 2:37am Aug 27, 2008 2:37am
Quoting Igrok
Yeah. It was a typo. I mean .5900 on NZD indeed. It hasn't been able to make a break of the main trendline yet, but a longer-term divergence points at that level.
Thanks for clarifying

Quote
I don't publish my actual trades or even trading signals because without a real time follow up and a proper update it might damage someone's positions or trading plans.
Quite true. I'm simply curious because of your last 1-2 small stop entries and am always looking for how well that would line up with anything I am capable of finding / trading on the chart.
I'm someone you won't have to worry about trading someone else's stuff

But in terms of others being influenced by what's posted in some of these "discussion" threads I couldn't agree more.

Quote
About the UJ I don't know. I don't base my trades on pure fortunetelling or some sort of sentiment even if it's my own. I prefer developing trading plans.
True, but you've commented about diamond types before(i.e. the last EURUSD which seemed more a continuation than reversal), so I was only wondering whether this one had similiar or different characteristics.

I'm still completely at a loss about diamonds I've got to say

As for your secret service ties, I'll make sure not to ask you for an umbrella when it's raining
Trust price. Know yourself.
  • #1,432
  • Aug 27, 2008 2:53am Aug 27, 2008 2:53am
Quoting SeekingLight
Inserted Code
True, but you've commented about diamond types before(i.e. the last EURUSD which seemed more a continuation than reversal), so I was only wondering whether this one had similiar or different characteristics.

The sequence of the moves inside the pattern was reversal in this particular case.

Inserted Code
I'm still completely at a loss about diamonds I've got to say :)

Shit happens.

Inserted Code
As for your secret service ties, I'll make sure not to ask you for an umbrella when it's raining :p

Can only offer you some polonium leftovers for personal consumption.
  • #1,433
  • Aug 27, 2008 2:56am Aug 27, 2008 2:56am
Quoting Igrok
I have already explained it somewhere here in the thread. It must be on the same side either below or above the zero line. Besides, there is no confirmation until the lines have made a confirmed crossover.
Thanks for clarification... I see that I have to read through the thread again... looking forward to that...

BTW... regarding the UJ triangle... whats your opinion on the chart attached below? Could it be possible that we just saw a pullback to the triangle trendline marked red and now continue to go down to 80 area? Or is there a reason why the lower red triangle line is drawn wrong and should be moved down to the blue one touching 95.73?

Would this be one of the possible alternatives in one of your trading plans?
Attached Image (click to enlarge)
Click to Enlarge Name: usdjpy - triangle_20080827_re.JPG Size: 49 KB
  • #1,434
  • Aug 27, 2008 3:02am Aug 27, 2008 3:02am
Quoting ernesto
Thanks for clarification... I see that I have to read through the thread again... looking forward to that...

BTW... regarding the UJ triangle... whats your opinion on the chart attached below? Could it be possible that we just saw a pullback to the triangle trendline marked red and now continue to go down to 80 area? Or is there a reason why the lower red triangle line is drawn wrong and should be moved down to the blue one touching 95.73?

Would this be one of the possible alternatives in one of your trading plans?
The lower TL (rising one) has never had any technical significance. Longer-term target now is likely to be at around 132-133 area.
  • #1,435
  • Aug 27, 2008 3:22am Aug 27, 2008 3:22am
Quoting Igrok
The lower TL (rising one) has never had any technical significance. Longer-term target now is likely to be at around 132-133 area.
Ok... I understand... thanks... btw... any reason for the 132-133 target ? Unfortunately I can't find any additional divergences on any of the timeframes... The only target I can spot (using fibonacci which you don't use) is 135 what also confluences with the high at the end of 2001....

And... sorry to ask again... the daily divergence which suggests a move to 103.5... in general - should such a divergence be resolved before any further up moves on the daily picture as soon as the divergence is valid after MACD cross which has happened already? And... according to your experience... are all divergences on higher timeframes resolved? Or can it happen that a MACD divergence becomes invalid after time... ?
  • #1,436
  • Aug 27, 2008 5:02am Aug 27, 2008 5:02am
Quoting Igrok
In a diamond like the current one on UJ I usually try to catch all the moves starting from the next after the main one. It apparently requires some skills and experience, but this time it was quite obvious. The rest is described in my book.

Do you place ranking of importance between yearly, monthly,weekly or even daily main move ?

Can i right that u had a short position for UJ ?
Keep it simple and sweet !
  • #1,437
  • Aug 27, 2008 6:23am Aug 27, 2008 6:23am
Hello Mr Toshchakov,

Long time don't post.

I have spotted a divergence on USDCHF monthly targeting ~1.3290 area.

I believe I have no doubts on that now.

My doubt rests on the fact that USDCHF runs "opposite" to EU. By that I mean that usually one price is strengthening while the other is weakening and vice-versa.

That been said, I also see no divergence as of now on EU.

What can we interpret from this? Will the divergence on swissy be carried out? Will it only be carried out if we observe a correction on EU too?

May I ask for your thoughts about it?

Best,
JP.
Attached Image (click to enlarge)
Click to Enlarge Name: usd_chf_mn_27_08_2008_channel_down_divergence.gif Size: 23 KB
  • #1,438
  • Aug 27, 2008 1:32pm Aug 27, 2008 1:32pm
Quoting ernesto
Ok... I understand... thanks... btw... any reason for the 132-133 target ? Unfortunately I can't find any additional divergences on any of the timeframes... The only target I can spot (using fibonacci which you don't use) is 135 what also confluences with the high at the end of 2001....

And... sorry to ask again... the daily divergence which suggests a move to 103.5... in general - should such a divergence be resolved before any further up moves on the daily picture as soon as the divergence is valid after MACD cross which has happened already? And... according to your experience... are all divergences on higher timeframes resolved? Or can it happen that a MACD divergence becomes invalid after time... ?
Divergences on any time frame can be postponed and then they exist in the form of an "unpaid debt", that must still be paid off later, sometimes after a long time.

The target on the yen I have projected based on potential trianglular formation on mionthly.
  • #1,439
  • Aug 27, 2008 1:38pm Aug 27, 2008 1:38pm
Quoting k-i-s-s
Do you place ranking of importance between yearly, monthly,weekly or even daily main move ?

Can i right that u had a short position for UJ ?
Contradincting divergences on different time frame do not have rankings. Some of them can be delayed or postponed and not in ranks.

I don't have any position on the UJ. I can see no reason to take any shorts on the buck on any currency pair under such a clear USD bullish trend. Whenever there is an obvious trend present, I usually ignore all the signals that offer me an opportunity to take fresh positions against the trend and use those signals only for stops placement.
  • #1,440
  • Aug 27, 2008 1:42pm Aug 27, 2008 1:42pm
Quoting jupiter_peak
Hello Mr Toshchakov,

Long time don't post.

I have spotted a divergence on USDCHF monthly targeting ~1.3290 area.

I believe I have no doubts on that now.

My doubt rests on the fact that USDCHF runs "opposite" to EU. By that I mean that usually one price is strengthening while the other is weakening and vice-versa.

That been said, I also see no divergence as of now on EU.

What can we interpret from this? Will the divergence on swissy be carried out? Will it only be carried out if we observe a correction on EU too?

May I ask for your thoughts about it?

Best,
JP.
USDX also has a similar divergence. Considering that in its largest part USDX is the euro then we might not need for the EU to have the exact same technical picture.
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