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

  • #2,381
  • Nov 14, 2008 6:37am Nov 14, 2008 6:37am
Quoting Alex III

I did not wish you to offend
What are you talking about? Offend with what? I really don't know who they are but would like to know. I used to respect all the colleagues of mine regardless of their experience or achievements. After all we're all on a suicide mission in the same boat.
  • #2,382
  • Nov 14, 2008 7:10am Nov 14, 2008 7:10am
Quoting Igrok
What are you talking about? Offend with what? I really don't know who they are but would like to know. I used to respect all the colleagues of mine regardless of their experience or achievements. After all we're all on a suicide mission in the same boat.

OK.
Harold M. Gartley (1899-1972) has long been a wellknown name in the field of technical analysis. "Profits in the Stock Market" by H.M. Gartley was originally published in 1935.

Larry Pesavento
http://www.tradingtutor.com/
  • #2,383
  • Nov 14, 2008 7:13am Nov 14, 2008 7:13am
it looks like people asking questions about every trifle possible. It appears all the time: " is these lines that I took from heaven, a diamond?" -"No" -"thanks mister Igrok" -and so on. suggestion to be more constructive.
  • #2,384
  • Edited 7:31am Nov 14, 2008 7:20am | Edited 7:31am
Quoting Alex III
OK.
Harold M. Gartley (1899-1972) has long been a wellknown name in the field of technical analysis. "Profits in the Stock Market" by H.M. Gartley was originally published in 1935.

Larry Pesavento
http://www.tradingtutor.com/
I already explained here that when I started trading my English wasn't good enough to read those technical books. By the time it improved I have already gotten more knowledge and experience than can be obtained from reading those books.
  • #2,385
  • Nov 14, 2008 8:18am Nov 14, 2008 8:18am
Hello Igrok,

Could we still safely assume that eur/usd is in a triangle-shaped consolidation, still waiting to break either sides with strong momentum, although current sentiment, as seen on all timeframes is predominantly bearish.

When would you forsee any break in the negative current correlation
between this pair and us equities.

Your thoughts are appreciated.
Thank you Malcolm, Belekas, Jim, raczekfx and Ryanmcd !
  • #2,386
  • Nov 14, 2008 8:31am Nov 14, 2008 8:31am
Quoting djambazov84
Hello Igrok,

Could we still safely assume that eur/usd is in a triangle-shaped consolidation, still waiting to break either sides with strong momentum, although current sentiment, as seen on all timeframes is predominantly bearish.

When would you forsee any break in the negative current correlation
between this pair and us equities.

Your thoughts are appreciated.
I can only safely assume that whatever the outcome takes place there will be an opportunity to make a couple of bucks. Sentiment sure is a good thing to trade against.
I don't forsee timing. The hardest part to project, but it doesn't really matter since we can wait till the actual break occurs meanwhile trading inside the pattern.
For the moment the buck looks bearish to me. There is a divergence on cable with minimal target at 1.4990 and multiple other clues pointing in the same direction on some other majors including the euro.
  • #2,387
  • Nov 14, 2008 9:55am Nov 14, 2008 9:55am
Quoting Igrok
Yeah. Now I got it. You have been saving a few bucks by using me as a free "conductor" from those paid subscription services to this particular thread.

No no .. if i've been using you than that would have meant that I've been "discussing about people", instead you inspired my studies and now I can proudly say that I "discuss about events" ...... (E. Roosevelt)

Keep it up. Thanks.
  • #2,388
  • Nov 14, 2008 10:12am Nov 14, 2008 10:12am
Quoting Igrok
I can only safely assume that whatever the outcome takes place there will be an opportunity to make a couple of bucks. Sentiment sure is a good thing to trade against.
I don't forsee timing. The hardest part to project, but it doesn't really matter since we can wait till the actual break occurs meanwhile trading inside the pattern.
For the moment the buck looks bearish to me. There is a divergence on cable with minimal target at 1.4990 and multiple other clues pointing in the same direction on some other majors including the euro.
Just to clarify that with you. You are suggesting 1.4990 as a good price level to eventually short gbp/usd. I am just trying to figure out if I have correctly understood your current short-term outlook.

Thank you in advance.
Thank you Malcolm, Belekas, Jim, raczekfx and Ryanmcd !
  • #2,389
  • Edited 11:35am Nov 14, 2008 10:50am | Edited 11:35am
Quoting djambazov84
Just to clarify that with you. You are suggesting 1.4990 as a good price level to eventually short gbp/usd. I am just trying to figure out if I have correctly understood your current short-term outlook.

Thank you in advance.
It's the minimal target for a long position.
  • #2,390
  • Nov 14, 2008 12:02pm Nov 14, 2008 12:02pm
Possible diamond on GBP/JPY 1hr
  • #2,391
  • Nov 14, 2008 1:00pm Nov 14, 2008 1:00pm
Quoting belekas
Possible diamond on GBP/JPY 1hr

continuation/reversal ? Or it does not matter, as long as there is a momentum break-out. Would you feel confortable going long even if it is counter-trend, and if yes how would you go about your take profit levels.

Alsways nice to hear a competent outlook on diamonds from you.
Thank you Malcolm, Belekas, Jim, raczekfx and Ryanmcd !
  • #2,392
  • Nov 14, 2008 7:00pm Nov 14, 2008 7:00pm
Quoting djambazov84
continuation/reversal ? Or it does not matter, as long as there is a momentum break-out. Would you feel confortable going long even if it is counter-trend, and if yes how would you go about your take profit levels.

Alsways nice to hear a competent outlook on diamonds from you.
Im back after 5 hours and right now it looks like there was no diamond at all. If it was a diamond, i would say possible continuation one as the main diagonal is pointing up.
  • #2,393
  • Nov 14, 2008 7:09pm Nov 14, 2008 7:09pm
Quoting belekas
Im back after 5 hours and right now it looks like there was no diamond at all. If it was a diamond, i would say possible continuation one as the main diagonal is pointing up.

I liked the way eur/usd respected its upper boundary in the triangle @ 1.28. Very neat.
Thank you Malcolm, Belekas, Jim, raczekfx and Ryanmcd !
  • #2,394
  • Nov 15, 2008 4:46pm Nov 15, 2008 4:46pm
possible short-term trade to gray support area ?
Actual distance would be in line the formations target.

The only thing that bothers me is that it would be a counter trend trade since the long term, in my thought is up.
Monthly chart is up. According to my feed, all time high is roughly 1000 pips away.
Fundamentally speaking gbps economy is sinking, maybe it already sank and price already priced it in, so the all time high wouldn't be so far or even better price aiming for parity.
Of the 15min formation i don't really like the broadening part, but I thinkthat the other side is fairly a good trade.

Would anyone here be brave enough to lend me $$$ for this plan....??
Attached Image(s) (click to enlarge)
Click to Enlarge Name: eur.gif Size: 15 KB
Click to Enlarge Name: eur1.gif Size: 16 KB
  • #2,395
  • Nov 17, 2008 7:46am Nov 17, 2008 7:46am
Quoting Igrok
There is a divergence on cable with minimal target at 1.4990 ...
This one has just been satisfied.
Seems, the next setup worth consideration should be about shorting USD/CHF at around 1.2080 with tight stops to target 1.14 area.
  • #2,396
  • Nov 17, 2008 8:27am Nov 17, 2008 8:27am
Quoting Igrok
This one has just been satisfied.
Seems, the next setup worth consideration should be about shorting USD/CHF at around 1.2080 with tight stops to target 1.14 area.
Dear Igrok,

Should we treat gbp/usd 1.46-1.49 price area as an area of accumulation for an eventual leg up possibly targeting the 1.53 area, where there is the next major resistance level.

I appreciate your take on this one.
Thank you Malcolm, Belekas, Jim, raczekfx and Ryanmcd !
  • #2,397
  • Nov 17, 2008 8:34am Nov 17, 2008 8:34am
Quoting djambazov84
Dear Igrok,

Should we treat gbp/usd 1.46-1.49 price area as an area of accumulation for an eventual leg up possibly targeting the 1.53 area, where there is the next major resistance level.

I appreciate your take on this one.
I don't know. From here Cable can easily go to 1.80-82, but 1.5130-40 might be tough to crack initially.
  • #2,398
  • Nov 17, 2008 9:21am Nov 17, 2008 9:21am
Hello Mr. I,
Eur/gbp achieved its diamond target. But afterall I'm still thinking if it was a good Diamond trade. you?
What do you think, if you have any thoughts, on my long term view of eur/gbp?
http://www.forexfactory.com/showpost.php?p=2352271&postcount=2394
Attached Image (click to enlarge)
Click to Enlarge Name: eur1.gif Size: 16 KB
  • #2,399
  • Nov 17, 2008 10:00am Nov 17, 2008 10:00am
Gday Igrok.

Are you placing any significance in the current formation on AUDUSD Daily??
Attached Image (click to enlarge)
Click to Enlarge Name: aud.png Size: 37 KB
  • #2,400
  • Nov 17, 2008 1:16pm Nov 17, 2008 1:16pm
Quoting giusepp8
Hello Mr. I,
Eur/gbp achieved its diamond target. But afterall I'm still thinking if it was a good Diamond trade. you?
What do you think, if you have any thoughts, on my long term view of eur/gbp?
http://www.forexfactory.com/showpost.php?p=2352271&postcount=2394
This is not a diamond and has never been.
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