Igrok Method. Q's & A's. Comments, thoughts and ideas | Page 89 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

ECN && STP && Scalping && Hedging - Broker Review - Oct 2009 24 replies

Trading technical analysis system based on Igrok method 137 replies

Forex Ideas & Comments 18 replies

The IGROK files - Adventures of a rookie using the Igrok method 416 replies

Fibonacci thoughts & ideas.... 13 replies

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

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

  • #1,761
  • Sep 22, 2008 5:22pm Sep 22, 2008 5:22pm
Quoting ElPipas
This is my first post and I want to thanks Mr Igrok for this thread, very interesting.

I have a question about last news. You wrote a few days ago that 0,96 is a must in EURUSD. Have you change your forecast because of last news in American economy?.

Is posible that Europe will follow that path in a next future? Then the forecast is still valid.

Thank you very much.
The market does what it is supposed to do regardless of the news and fundamentals in general. Today's fundamentals play role for today only while technicals can and should be projected into the future.
  • #1,762
  • Sep 22, 2008 5:23pm Sep 22, 2008 5:23pm
Quoting SeekingLight
Dito, which is why I wrote what I did

Thanks a lot Igrok

Also for the USDJPY chart. Was watching the same "top" TL..

Is it one of those that might magically draw price to it again soon?
It might attract that level again. Besides there is a gap above current week's high.
  • #1,763
  • Edited 5:52pm Sep 22, 2008 5:37pm | Edited 5:52pm
Wanna show another example of a short-term setup. This time it's yesterday's EJ charts: 5 min and 1h. On 5 min you can see the gap at the opening between 155.57 and 155.43 outlined by two horizontal lines. On 1h a short-term bearish divergence can be seen targeting the low of the Friday's retracement at 153.74. This is why it came down first in order to satisfy the target for the divergence before reversing and going towards the gap to make an extension after changing the direction of the main move.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 5 min. EURJPY A0-FX.jpg Size: 98 KB
Click to Enlarge Name: 60 min. EURJPY A0-FX, MACD (EURJPY A0-FX, 12, 26, 9).jpg Size: 108 KB
  • #1,764
  • Sep 22, 2008 6:12pm Sep 22, 2008 6:12pm
Quoting Igrok
On "line on close" weekly chart EJ looks even more interesting. Make your own chart, check it out and get surprised.
BTW for as long as your lines will be crossing chart bars at random levels like on those pictures you just posted, you will never get an idea about how precise the market actually is.
Mr. Toshchakov,

Here you go.

One other question: We still count the main diagonal from HH to LL (or vice-versa) using BAR/CANDLE charts, right.

Best,

JP.

PS: Thanks for the clues.
Attached Image (click to enlarge)
Click to Enlarge Name: eur_jpy_wk_22_09_2008_diamond_line_correct.gif Size: 14 KB
  • #1,765
  • Sep 22, 2008 6:16pm Sep 22, 2008 6:16pm
Quoting jupiter_peak
One other question: We still count the main diagonal from HH to LL (or vice-versa) using BAR/CANDLE charts, right.
Yes. But in this case it's not a diamond any longer.
  • #1,766
  • Sep 22, 2008 6:26pm Sep 22, 2008 6:26pm
Quoting Igrok
Yes. But in this case it's not a diamond any longer.
So, if I may ask, how do we play this one? From actual line chart?
  • #1,767
  • Sep 22, 2008 6:31pm Sep 22, 2008 6:31pm
Quoting jupiter_peak
So, if I may ask, how do we play this one? From actual line chart?
It's been a range trading so far. The actual and original diamond was formed a few months ago and got broken on the upside back in April, 2008. It's long gone and I don't understand why you still treat that pattern as one.
  • #1,768
  • Sep 22, 2008 6:41pm Sep 22, 2008 6:41pm
Hi Mr. Toshchakov,

I am not insisting. I just thought i had one recent diamond. That's all. We all make mistakes especially while we are leraning. At leas i have the patience and i believe that's a great asset that other people might not have.

That's all. Please, have patience with us that might not see everyting as clear.

It takes time and practice to figure this out and believe me, i am trying my best. Every day i make new findings. But still, i am far, very far from anything.

So, all i ask is that you keep throwing clues at us.

Best,
JP.
  • #1,769
  • Sep 22, 2008 6:48pm Sep 22, 2008 6:48pm
Quoting jupiter_peak
Hi Mr. Toshchakov,

I am not insisting. I just thought i had one recent diamond. That's all. We all make mistakes especially while we are leraning. At leas i have the patience and i believe that's a great asset that other people might not have.

That's all. Please, have patience with us that might not see everyting as clear.

It takes time and practice to figure this out and believe me, i am trying my best. Every day i make new findings. But still, i am far, very far from anything.

So, all i ask is that you keep throwing clues at us.

Best,
JP.
I haven't blamed you for anything. Just trying to be laconic. We have already discussed that particular patterns some time ago on all the majors. They were formed simultaneously on most of the JPY crosses but only GBP/JPY made a break on the dowside while others chose the opposite direction. They are not valid anymore.
  • #1,770
  • Sep 22, 2008 7:08pm Sep 22, 2008 7:08pm
Forgot to mention that there is an unfilled gap on USDX daily at 73.46. In case it goes for the gap then it might bring the EUR/USD all the way back to 1.52-.53 initially and then even higher.
  • #1,771
  • Sep 22, 2008 7:17pm Sep 22, 2008 7:17pm
Quoting Igrok
I haven't blamed you for anything. Just trying to be laconic. We have already discussed that particular patterns some time ago on all the majors. They were formed simultaneously on most of the JPY crosses but only GBP/JPY made a break on the dowside while others chose the opposite direction. They are not valid anymore.
Well I thank you very much for that and for all your effort.

Well, I finally got the point.

I have read the whole thread before but I guess I wasn't ready at the time to absorve all that is contained inside here. I think I am still not. Just in case, I am giving it a second read with more thorough eye.

Now, talking about random points to draw lines, does the two LTLs of a diamond have to be drawn in a specific angle from each other?

I ask this, because at the beginning of your thread, you mention that this specific formation has to be composed by a broad. triangle + a triangle.

In other words, is it possible to have a diamond "lying down" for example? Like the one I wrongly posted before on EJ?
Attached Image(s) (click to enlarge)
Click to Enlarge Name: eur_jpy_wk_22_09_2008_diamond_correct_one.gif Size: 17 KB
Click to Enlarge Name: gbp_jpy_wk_22_09_2008_diamond_correct_one.gif Size: 20 KB
  • #1,772
  • Sep 22, 2008 7:23pm Sep 22, 2008 7:23pm
Quoting jupiter_peak
Well I thank you very much for that and for all your effort.

Well, I finally got the point.

I have read the whole thread before but I guess I wasn't ready at the time to absorve all that is contained inside here. I think I am still not. Just in case, I am giving it a second read with more thorough eye.

Now, talking about random points to draw lines, does the two LTLs of a diamond have to be drawn in a specific angle from each other?

I ask this, because at the beginning of your thread, you mention that this specific formation has to be composed by a broad. triangle + a triangle.

In other words, is it possible to have a diamond "lying down" for example? Like the one I wrongly posted before on EJ?
Diamonds are tricky sometimes. For example an extra diagonal can be formed for no apparent reason. But in this case your last pictures show exactly how it was supposed to look like. All of them were broken back in April, but just recently GBP/JPY reached its measured objective target based not on just that diamond but rather on some divergences.
  • #1,773
  • Sep 22, 2008 7:29pm Sep 22, 2008 7:29pm
Quoting Igrok
Diamonds are tricky sometimes. For example an extra diagonal can be formed for no apparent reason. But in this case your last pictures show exactly how it was supposed to look like. All of them were broken back in April, but just recently GBP/JPY reached its measured objective target based not on just that diamond but rather on some divergences.
Yes, I was going to ask you about that. In the beginning, of your thread, there's some mention regarding a 2 diagonal diamond. There was supposed to be a link showing one as an example. However, the link is broken.

I don't believe I have ever come across such a formation. Or, maybe I did, but I just would not be able to tell. Would you mind showing one and pointing the diagonals?
  • #1,774
  • Sep 22, 2008 7:46pm Sep 22, 2008 7:46pm
Quoting jupiter_peak
Yes, I was going to ask you about that. In the beginning, of your thread, there's some mention regarding a 2 diagonal diamond. There was supposed to be a link showing one as an example. However, the link is broken.

I don't believe I have ever come across such a formation. Or, maybe I did, but I just would not be able to tell. Would you mind showing one and pointing the diagonals?
A tricky one was formed on USD/CHF on weekly between mid February and mid April of 2006. With an unnecessary extra diagonal. It left a gap on the break out which is still there at 1.2983. Check it out on your own chart.
  • #1,775
  • Edited 9:08pm Sep 22, 2008 8:56pm | Edited 9:08pm
Quoting Igrok
A tricky one was formed on USD/CHF on weekly between mid February and mid April of 2006. With an unnecessary extra diagonal. It left a gap on the break out which is still there at 1.2983. Check it out on your own chart.

Thank you.

I have drawn it on weekly.

Perhaps I have spotted one other from the past too. USDCHF 1998-2003.

Here goes both.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: usd_chf_mn_22_09_2008_diamond_double_diagonal_past_time.gif Size: 19 KB
Click to Enlarge Name: usd_chf_wk_22_09_2008_diamond_double_diagonal_past_time.gif Size: 17 KB
  • #1,776
  • Sep 22, 2008 9:00pm Sep 22, 2008 9:00pm
Jupiter,

I find the monthly chf pic to be rather odd diamond, doesn't seem like it.

If u place it well, u could see a smaller diamond.


Igrok,

I find that if u see an outside bar/s and develop into inside bar/s.
This are potential diamond...?? My way of seeing patterns.
Keep it simple and sweet !
  • #1,777
  • Sep 22, 2008 9:13pm Sep 22, 2008 9:13pm
Quoting jupiter_peak
Thank you.

I have drawn it on weekly.

Perhaps I have spotted one other from the past too. USDCHF 1998-2003.

Here goes both.
Both outlines don't make sense. There is in fact a diamond on the first picture but only the upper portion (on the very top) of your picture outline. On the second one only the right "condenced" part represents a diamond that I was talking about.
  • #1,778
  • Sep 22, 2008 9:18pm Sep 22, 2008 9:18pm
ok.

Here we go.

TL at 'neckline'.

Cheers,
JP.
Attached Image (click to enlarge)
Click to Enlarge Name: usd_chf_mn_22_09_2008_diamond_double_diagonal_past_time_2.gif Size: 19 KB
  • #1,779
  • Sep 22, 2008 9:22pm Sep 22, 2008 9:22pm
Quoting Igrok
Both outlines don't make sense. There is in fact a diamond on the first picture but only the upper portion (on the very top) of your picture outline. On the second one only the right "condenced" part represents a diamond that I was talking about.
Ok. Have redone both.

Lets try this time.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: usd_chf_mn_22_09_2008_diamond_double_diagonal_past_time_2.gif Size: 19 KB
Click to Enlarge Name: usd_chf_wk_22_09_2008_diamond_double_diagonal_past_time.gif Size: 17 KB
  • #1,780
  • Sep 22, 2008 9:24pm Sep 22, 2008 9:24pm
Quoting jupiter_peak
Ok. Have redone both.

Lets try this time.
This one looks better. Where is the second one? Here it is but still makes no sense. I was talking only about the RIGHT part of it. From MID FEBRUARY into MID APRIL. Comprendo?
1 trader viewing now