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

  • #2,041
  • Oct 9, 2008 7:31pm Oct 9, 2008 7:31pm
Quoting jupiter_peak
Oh. By the way,

Thanks for the Chart on USDBRL!!
  • #2,042
  • Oct 9, 2008 10:21pm Oct 9, 2008 10:21pm
Quoting jupiter_peak
I can't get a clear idea on the main move of UJ tonight?

Is it up or down? First top was very close to opening price.

Not clear at all... Looks up though..

Can anyone help?

Its down. High made at beginning of day (5pm new york time) 99.86
  • #2,043
  • Oct 10, 2008 12:12am Oct 10, 2008 12:12am
dear Igrok, and others who are using this,
I have seen on the several posts that you are using a term divergence taget, for example: "The minimal target for Cable divergence was 1.7043 which is a must", could give me an idea how does this work, how can see a possible target based on divergence in thechnical indicators?
would really appreciate your response.
vytas
  • #2,044
  • Oct 10, 2008 1:25am Oct 10, 2008 1:25am
Quoting dvyt
dear Igrok, and others who are using this,
I have seen on the several posts that you are using a term divergence taget, for example: "The minimal target for Cable divergence was 1.7043 which is a must", could give me an idea how does this work, how can see a possible target based on divergence in thechnical indicators?
would really appreciate your response.
vytas
Sorry, but I have already explained the very same issue several times in this thread. You better read it first.
  • #2,045
  • Oct 10, 2008 1:28am Oct 10, 2008 1:28am
Quoting dvyt
dear Igrok, and others who are using this,
I have seen on the several posts that you are using a term divergence taget, for example: "The minimal target for Cable divergence was 1.7043 which is a must", could give me an idea how does this work, how can see a possible target based on divergence in thechnical indicators?
would really appreciate your response.
vytas
Answer (twice actually) is a couple of posts back, others and I have asked before, too
Trust price. Know yourself.
  • #2,046
  • Oct 10, 2008 1:39am Oct 10, 2008 1:39am
IMO a perfect diamond on UJ having finally found its right lower border....

Even the diagonal from left to the right has been accepted perfectly...

Igrok... (stupid?) question regarding the building of such a formation... does somebody in advance know that such a formation is going to be built and somehow influences it? Normally this should not be possible in the forex market.... but somehow can't imagine that this is the product of pure "standard-trading" only... any opinion on that ?
Attached Image
  • #2,047
  • Oct 10, 2008 1:48am Oct 10, 2008 1:48am
Quoting ernesto
IMO a perfect diamond on UJ having finally found its right lower border....

Even the diagonal from left to the right has been accepted perfectly...

Igrok... (stupid?) question regarding the building of such a formation... does somebody in advance know that such a formation is going to be built and somehow influences it? Normally this should not be possible in the forex market.... but somehow can't imagine that this is the product of pure "standard-trading" only... any opinion on that ?
C'mon guys, you have a very rich imagination. Quite excessive I would say. At this stage it's absolutely impossible to make projections like that.
  • #2,048
  • Oct 10, 2008 1:56am Oct 10, 2008 1:56am
Quoting Igrok
C'mon guys, you have a very rich imagination. Quite excessive I would say. At this stage it's absolutely impossible to make projections like that.
Ok - good to know... maybe that's the reason why a lot of my expected formations are failing... have to wait longer to verify them... thanks...
  • #2,049
  • Oct 10, 2008 2:19am Oct 10, 2008 2:19am
I don't know how some of you guys have made a living out of this market these days but I've changed my TF to 5m, 4h at max. It took a couple of days before I understood that I couldn't make cent on daily-weekly charts.

I've traded TL's the Igrok way and it been good so far along with small double tops/bottoms.
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Measure twice, cut once
  • #2,050
  • Oct 10, 2008 2:32am Oct 10, 2008 2:32am
I'm starting to see diamonds everywhere
Attached Image (click to enlarge)
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  • #2,051
  • Oct 10, 2008 2:36am Oct 10, 2008 2:36am
Quoting giusepp8
I'm starting to see diamonds everywhere



I love it.. Now is that a reversal diamond?
  • #2,052
  • Oct 10, 2008 2:51am Oct 10, 2008 2:51am
Quoting Blackinc


I love it.. Now is that a reversal diamond?

reversal or not ... diamonds are diamonds
  • #2,053
  • Oct 10, 2008 3:43am Oct 10, 2008 3:43am
Quoting giusepp8
I'm starting to see diamonds everywhere
Yes, I guess you are on the "diamond-search" phase. We've been all thru it. Don't worry, it's normal.
  • #2,054
  • Edited 4:45am Oct 10, 2008 4:13am | Edited 4:45am
Speaking of which...this can't be one forming due to the left upper TL being pierced or?


Edit/P.S.: Could it be that USDCHF is headed for 1.0680 again? (And potentially quite a bit lower still?)
Attached Image
Trust price. Know yourself.
  • #2,055
  • Oct 10, 2008 5:46am Oct 10, 2008 5:46am
Quoting SeekingLight
Speaking of which...this can't be one forming due to the left upper TL being pierced or?


Edit/P.S.: Could it be that USDCHF is headed for 1.0680 again? (And potentially quite a bit lower still?)
Believe it or not but I opened two lots (short) on UCHF. One I TPd @ the AVG daily range the second one I will TP a few pips above the lower trend line of the broadening triangle observed on daily maybe sometime next week. Both were backed up by the diamond spotted on H4 which reversed.

I also just opened a long on EU and hoping to TP @ ADR.

Both trades were 18.4s using 1 7:1 R/R against the ADR.

JP.
  • #2,056
  • Oct 10, 2008 5:24pm Oct 10, 2008 5:24pm
Could this been an RSI diamond on the GBP/JPY?
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  • #2,057
  • Oct 11, 2008 12:34pm Oct 11, 2008 12:34pm
Possible bottom on GBP/JPY dayly?
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  • #2,058
  • Oct 12, 2008 12:42pm Oct 12, 2008 12:42pm
Quoting belekas
Possible bottom on GBP/JPY dayly?
Yeah, that was quite obvious. Unfortunately I missed this trade by a just a few pips having my limit placed at 165.95. It didn't get executed because of the wider spread.
BTW very similar picture could be seen on CHF/JPY.
  • #2,059
  • Oct 12, 2008 12:42pm Oct 12, 2008 12:42pm
Quoting belekas
Could this been an RSI diamond on the GBP/JPY?
Thanks for pointing this out. Another bullish signal here.
  • #2,060
  • Oct 12, 2008 12:54pm Oct 12, 2008 12:54pm
Quoting Igrok
Yeah, that was quite obvious. Unfortunately I missed this trade by a just a few pips having my limit placed at 165.95. It didn't get executed because of the wider spread.
BTW very similar picture could be seen on CHF/JPY.
And placing an order before this weekend may not have been wise anyway.
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