Hello Mr. Toshchakov,
Thanks for your answer. Very kind of you.
After I had some misplacement from some TA aspects proposed by you on this thread, like divergence targeting, I dived backed into my TA books and noted a few themes that, if it's no bother,I would like to "discuss" with you.
Although it's not connected to your book, I believe it would be very pertinent to understand these ideas while applying the Igrok method. These ideas are exerpts from books such as JJ Murphys book and a few others.
So I would like to hear some of your thoughts about the ideas below:
1) Pattern time breakout being "timed" from 2/3 to 3/4 since its very birth? Ex. Triangle breaks between 2/3 to 3/4 of its potential life. ('till the vertex) From your day-to-day observations, any clue if this observation might be true?;
2) Volume influence on breakout "power" and direction? Ex. UJ has a present triangle formation on monthly and it seems to me that whenever price moves up (strengthens) inside the formation, volume also rises ACCORDINGLY. From the small research I have done, triangles are often approached as "CONTINUATION" patterns. In this case, volume suggests to me that this triangle will not be headed down. Volume is "telling" me that there's an increased probability that it will indeed break on the upside (UTL) and head up. Do you have any considerations on this? How do you see volumes on Forex trading? Do you ever observe it at your trading or do you leave it out on the sidelines?; (ie. Complete volume decrease would lower prces by inertia)
3) Open Interest. This one is a bit harder for me and I have to admit I haven't used it yet because I find it very hard to put my hands on trustworthy DATA for this. I still haven't come across any data or indicator or even graph that could help me on this. But again, it could just be me. How do you see Open Interest in FX? Valuable information? Should we disregard it? What is your experience on this subject? Anything you can add?
I am sorry for if I make this sucha long post, but I believe you are a man who likes to discuss ideas. I hardly see these ideas being brought to the table anywhere here @ FF. I am very eager to learn, and since you don't offer "educational" services anymore, I though i'd better ask now rather than never...
. So my apologies for asking so many questions.
Thank you very much for your valuable time with us "youngsters".
Best,
JP.
Thanks for your answer. Very kind of you.
After I had some misplacement from some TA aspects proposed by you on this thread, like divergence targeting, I dived backed into my TA books and noted a few themes that, if it's no bother,I would like to "discuss" with you.
Although it's not connected to your book, I believe it would be very pertinent to understand these ideas while applying the Igrok method. These ideas are exerpts from books such as JJ Murphys book and a few others.
So I would like to hear some of your thoughts about the ideas below:
1) Pattern time breakout being "timed" from 2/3 to 3/4 since its very birth? Ex. Triangle breaks between 2/3 to 3/4 of its potential life. ('till the vertex) From your day-to-day observations, any clue if this observation might be true?;
2) Volume influence on breakout "power" and direction? Ex. UJ has a present triangle formation on monthly and it seems to me that whenever price moves up (strengthens) inside the formation, volume also rises ACCORDINGLY. From the small research I have done, triangles are often approached as "CONTINUATION" patterns. In this case, volume suggests to me that this triangle will not be headed down. Volume is "telling" me that there's an increased probability that it will indeed break on the upside (UTL) and head up. Do you have any considerations on this? How do you see volumes on Forex trading? Do you ever observe it at your trading or do you leave it out on the sidelines?; (ie. Complete volume decrease would lower prces by inertia)
3) Open Interest. This one is a bit harder for me and I have to admit I haven't used it yet because I find it very hard to put my hands on trustworthy DATA for this. I still haven't come across any data or indicator or even graph that could help me on this. But again, it could just be me. How do you see Open Interest in FX? Valuable information? Should we disregard it? What is your experience on this subject? Anything you can add?
I am sorry for if I make this sucha long post, but I believe you are a man who likes to discuss ideas. I hardly see these ideas being brought to the table anywhere here @ FF. I am very eager to learn, and since you don't offer "educational" services anymore, I though i'd better ask now rather than never...
. So my apologies for asking so many questions.Thank you very much for your valuable time with us "youngsters".
Best,
JP.
).
