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

  • #1,541
  • Sep 5, 2008 1:47am Sep 5, 2008 1:47am
Quoting Igrok
I don't have USDX real time with indicators. Only prices.
Im posting this one on 4hr USDX. Is this divergence significant from your point of view? Thanks for your time.
Attached Image (click to enlarge)
Click to Enlarge Name: usdx_h4_beardiv_050908.gif Size: 20 KB
  • #1,542
  • Sep 5, 2008 1:48am Sep 5, 2008 1:48am
It seems that only a couple of the most current bottoms do really have some technical significance. One on the Cable and another one on the EUR/JPY. So it is unlikely that we have already seen the major bottom on the EUR/USD and the top on the swissy.
  • #1,543
  • Sep 5, 2008 1:48am Sep 5, 2008 1:48am
Quoting belekas
Im posting this one on 4hr USDX. Is this divergence significant from your point of view? Thanks for your time.

No. This is not significant. I alreay told you that the next important USDX resistance is located at around 81.00 area. For EUR/USD it might mean another 400-450 pips down.
  • #1,544
  • Sep 5, 2008 1:53am Sep 5, 2008 1:53am
Quoting Igrok
No. This is not significant.
Thank you. Btw wanted to ask if You hold a sell position on kiwi?
  • #1,545
  • Sep 5, 2008 2:04am Sep 5, 2008 2:04am
Quoting belekas
Btw wanted to ask if You hold a sell position on kiwi?
I'm sorry, but why wouldn't you just care about your own positions and trades? What difference would it make for you and your account if I say "yes" or "no"? I'm just curious because knowing about anyone else's trades have never been able to make me neither richer nor smarter. Perhaps you wanna use me as a contrarian indicator?
  • #1,546
  • Sep 5, 2008 2:06am Sep 5, 2008 2:06am
Quoting Igrok
I'm sorry, but why wouldn't you just care about your own positions and trades? What difference would it make for you and your account if I say "yes" or "no"? I'm just curious because knowing about anyone else's trades have never made me neither richer nor smarter. Perhaps you wanna use me as a contrarian indicator?
You can never know
  • #1,547
  • Sep 5, 2008 2:10am Sep 5, 2008 2:10am
Quoting belekas
You can never know
That's exactly what I was suspicious about from the very beginning.
"Хрен ты получишь, а не Шарапова" (c)
  • #1,548
  • Sep 5, 2008 2:17am Sep 5, 2008 2:17am
Quoting Igrok
That's exactly what I was suspicious about from the very beginning.
"Хрен ты получишь, а не Шарапова" (c)
50/50
  • #1,549
  • Sep 5, 2008 2:38am Sep 5, 2008 2:38am
Quoting Igrok
1. I already answered some of those questions on this page: http://www.forexfactory.com/showthread.php?t=21887&page=85

2. I got into forex because I had been looking for the ultimate independence and then found it there. Besides, anyway I had no other choice at that moment.

3. Like I already mentioned in this thread, in Soviet Russia we used to get real education while in the most of other countries people mostly get training instead. The difference between both is that "education" is more about way of thinking while "training" is more about way of acting. That makes Russians more competitive in the fields that are lacking preset rules and manuals and where personal ingenuity must apply. Don't think it has something to do with chess. I'm still a pretty average chess player despite playing it almost every day when get bored with the market's routine.

Did you over-leverage in the beginning? Come on you can tell.
  • #1,550
  • Sep 5, 2008 2:44am Sep 5, 2008 2:44am
Quoting fxterrapin
Did you over-leverage in the beginning? Come on you can tell.
I had been in every sh*t in this business one can imagine.
  • #1,551
  • Sep 5, 2008 3:50am Sep 5, 2008 3:50am
Quote
I'm still in. The targets have not been reached yet.

Great stuff.

In a situation like this where the trade is a long way from the entry point, where would your stop be?

Would you use a trailing stop?

If the market was to suddenly reverse, at what point would you exit?
  • #1,552
  • Sep 5, 2008 3:52am Sep 5, 2008 3:52am
Quoting Igrok
I had been in every sh*t in this business one can imagine.
  • #1,553
  • Sep 5, 2008 4:00am Sep 5, 2008 4:00am
dear Igrok,
I just today found this tread in the forum. It is really nice to have you here. I have read your book and really found it very useful. I have a question, I have noticed in this tread people are asking you about divergences, are they significant or not.. many times you point out that they are not significant. how recognize significance of the divergence?
thank you,
Vytas
  • #1,554
  • Sep 5, 2008 4:11am Sep 5, 2008 4:11am
Quoting BentRod
Great stuff.

In a situation like this where the trade is a long way from the entry point, where would your stop be?

Would you use a trailing stop?

If the market was to suddenly reverse, at what point would you exit?
Tough question. Depends on a lot of circumstances. So far "must reach" target levels have not been touched yet. "Sudden reverses" are very unlikely at this moment as the main trends just reversed. For trailings now I would suggest something like weekly extremes on the other ends.
  • #1,555
  • Sep 5, 2008 4:13am Sep 5, 2008 4:13am
Quoting fxterrapin
Just remember, that only morons repeat same mistakes over and over again. Smart people every time make new ones.
  • #1,556
  • Sep 5, 2008 4:17am Sep 5, 2008 4:17am
Quoting dvyt
I have a question, I have noticed in this tread people are asking you about divergences, are they significant or not.. many times you point out that they are not significant. how recognize significance of the divergence?
thank you,
Vytas
There are some rules defining significance of divergences. They are quite complicated and with a lot of exceptions. Unfortunately I just can't explain the entire theory here and therefore have to consider them one by one and case by case.
  • #1,557
  • Sep 5, 2008 4:58am Sep 5, 2008 4:58am
Quote
Tough question. Depends on a lot of circumstances. So far "must reach" target levels have not been touched yet. "Sudden reverses" are very unlikely at this moment as the main trends just reversed. For trailings now I would suggest something like weekly extremes on the other ends.

Thanks mate.
  • #1,558
  • Sep 5, 2008 5:01am Sep 5, 2008 5:01am
Igrok, I rephrased my previous two questions, pls be patience to me ... supposed when there is a broadening triangle forming, which means the price is making its higher high but also making its lower low than its previous HiLo points, and assuming if the price now is around the middle of its HiLo points, what is the main move of the day for it? is it an up-day or a down-day?

Thanks
  • #1,559
  • Sep 5, 2008 5:31am Sep 5, 2008 5:31am
Meta,

The main move would be down untill it takes out the high.
  • #1,560
  • Sep 5, 2008 5:32am Sep 5, 2008 5:32am
Quoting Igrok
Just remember, that only morons repeat same mistakes over and over again. Smart people every time make new ones.
this comment my friend gives me hope..i keep making news ones..i was getting worried, i guess this is part of the journey...
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