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

  • #1,621
  • Sep 11, 2008 5:31am Sep 11, 2008 5:31am
Quoting aediaz1
That's your experience ?
I could flip a coin and tell you the answer

Na i don't like to predict much, just see what the market does and respond
  • #1,622
  • Sep 11, 2008 12:41pm Sep 11, 2008 12:41pm
Dear Igrok,

Could you, please have a look at a scenario attached. Is there any sanity from your experience?
Attached Image (click to enlarge)
Click to Enlarge Name: usdchf.PNG Size: 39 KB
  • #1,623
  • Sep 11, 2008 3:21pm Sep 11, 2008 3:21pm
Quoting Ulterior
Dear Igrok,

Could you, please have a look at a scenario attached. Is there any sanity from your experience?
Now I really got a feeling that my "gambits" are nothing in comparison with your chess-like combination forecast for so many moves ahead.
In fact, I think that the most productive way of making projections for the future without compromising actual trading results or turning analysis into fortunetelling would be to project not more than one move at a time. It can be done based on forecasting of "must reach" levels. By making it for different time frames some practical results can be achieved without falling into unnecessary guessing trap.
Now, returning to the chart on the USD/CHF, I would say that on a longer-term 1.59-1.60 is a "must" level on the swissy, pretty much like .96 is a "must" on the euro. Whatever is going to happen between now and then I don't know and will have to see and decide in the process.
BTW What a beautiful diamond is seen on the very top of your chart posted.
  • #1,624
  • Sep 11, 2008 3:38pm Sep 11, 2008 3:38pm
Speaking of diamonds...

Is this one?

And EJ may become very interesting very soon. EURGBP perhaps as well?

Btw - considering the JPY run, would you say that USDJPY is not necessarily destined for new highs, despite being USD pegged or do you feel USDJPY needs to rise regardless?
It tends to move quite a lot of pips for the carry crosses, outdoing the other part of the cross usually, hence the question.
Attached Image
Trust price. Know yourself.
  • #1,625
  • Sep 11, 2008 3:40pm Sep 11, 2008 3:40pm
Quoting SeekingLight
Speaking of diamonds...

Is this one?
No.
  • #1,626
  • Sep 11, 2008 3:46pm Sep 11, 2008 3:46pm
Quoting SeekingLight
Btw - considering the JPY run, would you say that USDJPY is not necessarily destined for new highs, despite being USD pegged or do you feel USDJPY needs to rise regardless?
It tends to move quite a lot of pips for the carry crosses, outdoing the other part of the cross usually, hence the question.
Don't know yet. Major JPY crosses still look extremely bearish. For instance, on AUD/JPY 62.00 - .50 is a must.
  • #1,627
  • Sep 11, 2008 4:02pm Sep 11, 2008 4:02pm
Seems cable is ready for about 600-700 pips correction from now. Possible to take out the high of the month as the euro's main trendline held.
  • #1,628
  • Sep 11, 2008 5:58pm Sep 11, 2008 5:58pm
Dear Igrok,

many thanks for your keen answer

I have another question, I would like to ask. Could this be a bullish cup on gbp/chf? Or is it more likely a bearish continuation?

Thanks again
Attached Image (click to enlarge)
Click to Enlarge Name: cup_gbpchf.PNG Size: 27 KB
  • #1,629
  • Sep 11, 2008 7:56pm Sep 11, 2008 7:56pm
Quoting Igrok
Now, returning to the chart on the USD/CHF, I would say that on a longer-term 1.59-1.60 is a "must" level on the swissy, pretty much like .96 is a "must" on the euro. Whatever is going to happen between now and then I don't know and will have to see and decide in the process.
BTW What a beautiful diamond is seen on the very top of your chart posted.

Igrok,

Do you mind showing me how u conclude swissy 1.59-1.60 is a "must" level on a chart ?

Thanks..
Keep it simple and sweet !
  • #1,630
  • Sep 11, 2008 9:50pm Sep 11, 2008 9:50pm
Quoting Ulterior
Dear Igrok,

many thanks for your keen answer

I have another question, I would like to ask. Could this be a bullish cup on gbp/chf? Or is it more likely a bearish continuation?

Thanks again
I don't trade cups. Easy to make identification mistake and no reliable levels for stops.
  • #1,631
  • Edited 10:17pm Sep 11, 2008 9:52pm | Edited 10:17pm
Quoting k-i-s-s
Igrok,

Do you mind showing me how u conclude swissy 1.59-1.60 is a "must" level on a chart ?

Thanks..
It's a broadening triagle in progress. Next minimal target is likely to be the high of 1991 at 1.5960.
  • #1,632
  • Sep 11, 2008 10:29pm Sep 11, 2008 10:29pm
Quoting Igrok
It's a broadening triagle in progress. Next minimal target is likely to be the high of 1991 at 1.5960.
Hello Mr. Toshchakov,

By this answer, you strongly believe that the descending tentative trendline will pose no resistance to price?

Or at least we could see bounces both ways until it breaks?

Attached, follows a chart illustrating my thought.

Best,

JP.
Attached Image (click to enlarge)
Click to Enlarge Name: usd_chf_mn_12_09_2008_broad_tr_desc_tl.gif Size: 15 KB
  • #1,633
  • Sep 12, 2008 12:09am Sep 12, 2008 12:09am
Quoting jupiter_peak
Hello Mr. Toshchakov,

By this answer, you strongly believe that the descending tentative trendline will pose no resistance to price?

Or at least we could see bounces both ways until it breaks?

Attached, follows a chart illustrating my thought.

Best,

JP.
I have even a better picture. And a question along with it: Where would you place your stops for a position taken ahead of the red trendline?
Attached Image (click to enlarge)
Click to Enlarge Name: Daily JPY A0-FX.jpg Size: 92 KB
  • #1,634
  • Sep 12, 2008 12:12am Sep 12, 2008 12:12am
Hi Igrok, what do you think the USD/ZAR pair? Worth trading?
  • #1,635
  • Sep 12, 2008 12:17am Sep 12, 2008 12:17am
Quoting fxterrapin
Hi Igrok, what do you think the USD/ZAR pair? Worth trading?
I always have something better in mind to think about.
  • #1,636
  • Sep 12, 2008 1:30am Sep 12, 2008 1:30am
Quoting Igrok
I always have something better in mind to think about.
I take that as a big ole' no.
  • #1,637
  • Sep 12, 2008 4:23am Sep 12, 2008 4:23am
Dear Igrok,

could you please tell your opinions about the marked targets on these charts - would they be correct?

Many thanks and Best Regards
Attached Image(s) (click to enlarge)
Click to Enlarge Name: gbpusd_20080912.PNG Size: 32 KB
Click to Enlarge Name: eurusd_20080912.PNG Size: 32 KB
  • #1,638
  • Sep 12, 2008 5:19am Sep 12, 2008 5:19am
Quoting fxterrapin
I take that as a big ole' no.
You take it as "whatever has a chart can be traded".
  • #1,639
  • Sep 12, 2008 5:24am Sep 12, 2008 5:24am
Quoting Ulterior
Dear Igrok,

could you please tell your opinions about the marked targets on these charts - would they be correct?

Many thanks and Best Regards
Hard to see anything from your charts. I'm allowing myself to attach a template in same style as Igrok's charts to make it easier for both parts;
Attached Image (click to enlarge)
Click to Enlarge Name: ig.jpg Size: 86 KB
Attached File(s)
File Type: tpl Igrok.tpl   1 KB | 795 downloads
Measure twice, cut once
  • #1,640
  • Sep 12, 2008 5:26am Sep 12, 2008 5:26am
Quoting Ulterior
Dear Igrok,

could you please tell your opinions about the marked targets on these charts - would they be correct?

Many thanks and Best Regards
You seem to have so much junk on the screen that it almost completely obscures the charts. But I got the idea as I was already thinking about the very same issue. Unfortunately I haven't come to a definitive conclusion on this matter yet and still collect some data for further analysis.
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