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

  • #1,481
  • Aug 31, 2008 2:14pm Aug 31, 2008 2:14pm
Quoting belekas
Hello Mr Igrok,

I have read that you mentioned a symmetrical broadening triangle on EU. My terminal is lacking a bit of data back in the 80's, but i might be observing this formation, not sure though. Is there a way for us newbies to see it, I would be very thankfull.

Much respect.

Cheers!
The angles between the horizontal red line and two green ones are equal to each other. It makes the pattern absolutely symmetrical. So, there is a good probability that the next move will be similar in time and range to the move between the top of 1995 and the bottom of 2000.
Attached Image (click to enlarge)
Click to Enlarge Name: Monthly EUR A0-FX.jpg Size: 104 KB
  • #1,482
  • Aug 31, 2008 3:14pm Aug 31, 2008 3:14pm
hi everyone,just started reading this thread,great work,Igrok ,everyone http://forexfactory.com/images/icons/icon14.gif
just wanted to know how i can buy your book??http://forexfactory.com/images/icons/icon12.gif
PATIENCE... DISCIPLINE
  • #1,483
  • Aug 31, 2008 3:33pm Aug 31, 2008 3:33pm
Quoting g_j_hook@yah
hi everyone,just started reading this thread,great work,Igrok ,everyone http://forexfactory.com/images/icons/icon14.gif
just wanted to know how i can buy your book??http://forexfactory.com/images/icons/icon12.gif
My guess is that almost any Amazon in the world should carry it, including used versions.
Trust price. Know yourself.
  • #1,484
  • Aug 31, 2008 3:37pm Aug 31, 2008 3:37pm
Quoting Igrok
The angles between the horizontal red line and two green ones are equal to each other. It makes the pattern absolutely symmetrical. So, there is a good probability that the next move will be similar in time and range to the move between the top of 1995 and the bottom of 2000.
Very nice. Thank you for pointing this out. Cheers!
  • #1,485
  • Aug 31, 2008 3:38pm Aug 31, 2008 3:38pm
I was able to find it in a local library in the USA. A university library in another country may have it.
  • #1,486
  • Aug 31, 2008 3:45pm Aug 31, 2008 3:45pm
Mr Ig,

Im not sure you have this pair USDLTL in your currency list as I would like to post a screenshot with possible monthly bullish divergence. Can I proceed?
  • #1,487
  • Aug 31, 2008 4:16pm Aug 31, 2008 4:16pm
Quoting belekas
Mr Ig,

Im not sure you have this pair USDLTL in your currency list as I would like to post a screenshot with possible monthly bullish divergence. Can I proceed?
Go ahead. Let's check it out.
  • #1,488
  • Aug 31, 2008 4:22pm Aug 31, 2008 4:22pm
Alright. Here it goes;-) Targeting high of 2005 @ 2.9644
Attached Image (click to enlarge)
Click to Enlarge Name: usdltl_monthly.jpg Size: 101 KB
  • #1,489
  • Aug 31, 2008 5:03pm Aug 31, 2008 5:03pm
Quoting belekas
Alright. Here it goes;-) Targeting high of 2005 @ 2.9644

Looks more like 3.08 or something like that. Because likely to cover the gap as well.
  • #1,490
  • Aug 31, 2008 5:16pm Aug 31, 2008 5:16pm
Quoting Igrok
Looks more like 3.08 or something like that. Because likely to cover the gap as well.
Thank you for your time. If this breakout north happens then we can make nice money on this pair, as per my analysis on other USD pairs, i believe USD will strenghten across the board. The main problem for its strenght might be hurricane Gustav and rising price on Oil. Correct me if im wrong. Thanx
  • #1,491
  • Aug 31, 2008 5:56pm Aug 31, 2008 5:56pm
Quoting belekas
Thank you for your time. If this breakout north happens then we can make nice money on this pair, as per my analysis on other USD pairs, i believe USD will strenghten across the board. The main problem for its strenght might be hurricane Gustav and rising price on Oil. Correct me if im wrong. Thanx
Here are some thoughts on these type of things:
Before the gulf war, stocks sold off hard, not on the war, but on the ANTICIPATION. Once the war started, they BOTTOMED(rose around 3-400% iirc).
Now, Gustav has been overdiscussed(boring the crap out of me) for the last what, 1-3 weeks? Everyone knows about it already, including the oil speculators. Once it DOES hit, all effects are gone and done, the devastation is surveyable...and the anticipation is already in the price, what then?
Or, "worse" yet, what if the "only" destruction is to non-essential structures in terms of oil infrastructure?

IMHO all this news nonsense just distracts a whole lot from the real decisions the market is making in the meantime in 99% of the cases...

Besides that - a few hundred pips of retrace, bounce, bear market rally on any USD pair wouldn't be something bad to see...I'd rather welcome it =)
Trust price. Know yourself.
  • #1,492
  • Edited Sep 1, 2008 3:10am Aug 31, 2008 6:01pm | Edited Sep 1, 2008 3:10am
Yes SL, i see what you mean. I have done my analysis and it seems that USD will gain strenght. Though I could be wrong.

Quoting SeekingLight
Here are some thoughts on these type of things:
Before the gulf war, stocks sold off hard, not on the war, but on the ANTICIPATION. Once the war started, they BOTTOMED(rose around 3-400% iirc).
Now, Gustav has been overdiscussed(boring the crap out of me) for the last what, 1-3 weeks? Everyone knows about it already, including the oil speculators. Once it DOES hit, all effects are gone and done, the devastation is surveyable...and the anticipation is already in the price, what then?
Or, "worse" yet, what if the "only" destruction is to non-essential structures in terms of oil infrastructure?

IMHO all this news nonsense just distracts a whole lot from the real decisions the market is making in the meantime in 99% of the cases...

Besides that - a few hundred pips of retrace, bounce, bear market rally on any USD pair wouldn't be something bad to see...I'd rather welcome it =)
  • #1,493
  • Sep 1, 2008 4:44am Sep 1, 2008 4:44am
Hi Igrok,

Not sure if it's a diamond forming on EU H4?

Cheers
Attached Image (click to enlarge)
Click to Enlarge Name: eu_010908h4.gif Size: 153 KB
  • #1,494
  • Sep 1, 2008 5:12pm Sep 1, 2008 5:12pm
Quoting metapips
Hi Igrok,

Not sure if it's a diamond forming on EU H4?

Cheers
Unlikely.
  • #1,495
  • Sep 1, 2008 5:37pm Sep 1, 2008 5:37pm
Quoting Igrok
I'm not in the mood to argue with a-a-a-a-.......... people. Whatever you see on this chart here is fine with me.
Scared of a little challenge, are we?
  • #1,496
  • Sep 1, 2008 6:01pm Sep 1, 2008 6:01pm
Quoting fxterrapin
Scared of a little challenge, are we?
Nice joke.
  • #1,497
  • Edited 7:47pm Sep 1, 2008 7:33pm | Edited 7:47pm
Quoting Igrok
Unlikely.
Thanks.

Igrok, based on your long-experience seeing and trading so many formations, from patterns such as diamond, triangle, wedge, flag, pennant, rectangle, etc. ... which patterns occur most and reliable to trade (that you like)? and on which particular timeframes it appears more frequent?

Regards
  • #1,498
  • Sep 1, 2008 8:07pm Sep 1, 2008 8:07pm
Quoting Igrok
Nice joke.
hmmm, ok ... sure...
  • #1,499
  • Sep 1, 2008 8:12pm Sep 1, 2008 8:12pm
Quoting metapips
Thanks.

Igrok, based on your long-experience seeing and trading so many formations, from patterns such as diamond, triangle, wedge, flag, pennant, rectangle, etc. ... which patterns occur most and reliable to trade (that you like)? and on which particular timeframes it appears more frequent?

Regards
I don't collect that statistics. I trade all of them whenever an opportunity present. The main point is not where to open a position but to define where to give up. I don't take any position on any signal unless I know exactly where to place stops. Those levels also must pass a test on my risk acceptance policy.
  • #1,500
  • Sep 1, 2008 8:14pm Sep 1, 2008 8:14pm
Quoting fxterrapin
hmmm, ok ... sure...
Yeah. Somehow I used to think that the market holds the challenging monopoly.
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