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

  • #2,481
  • Dec 2, 2008 7:19am Dec 2, 2008 7:19am
Quoting BentRod
Welcome mate.

seems weird at first but helps me see main moves, moves within each session etc.
Just have to adjust the setting and change those freaky colours
  • #2,482
  • Dec 2, 2008 2:54pm Dec 2, 2008 2:54pm
Looks like a bullish hidden divergence on the EUR/USD 4hr, suggesting a retest of last months 25th's high @ 1.30809 I might be completely wrong as my knowledge about hidden divergences is narrow.
Attached Image (click to enlarge)
Click to Enlarge Name: eur_usd_4hr_bullhidddiv.jpg Size: 123 KB
  • #2,483
  • Dec 2, 2008 3:49pm Dec 2, 2008 3:49pm
I see a possible diamond on the 15 GBP/JPY. Would love to see price reach 140 and bounce to confirm the upper descending border that i made in projection where the blue arrow is drawn. Just a ruff thought before the sleep after a long day.
Attached Image (click to enlarge)
Click to Enlarge Name: gbp_jpy_15m_continuationdiamond_021208.jpg Size: 141 KB
  • #2,484
  • Dec 2, 2008 7:05pm Dec 2, 2008 7:05pm
Quoting Igrok
2. The line you drew on your picture posted cannot be drawn on my own chart the same way cause it just looks totally different.
Strange, I have another chart from another feed on a 4H instead of 3H for the same period, and it shows almost the same thing. The 4H chart is attached for your reference.
Attached Image (click to enlarge)
Click to Enlarge Name: eur-usd.gif Size: 16 KB
  • #2,485
  • Dec 2, 2008 8:49pm Dec 2, 2008 8:49pm
Quoting belekas
Looks like a bullish hidden divergence on the EUR/USD 4hr, suggesting a retest of last months 25th's high @ 1.30809 I might be completely wrong as my knowledge about hidden divergences is narrow.
Nothing is hidden here. The best case scenario it's a convergence? which is opposite to divergence and is bearish in this case.
  • #2,486
  • Dec 2, 2008 8:50pm Dec 2, 2008 8:50pm
Quoting belekas
I see a possible diamond on the 15 GBP/JPY. Would love to see price reach 140 and bounce to confirm the upper descending border that i made in projection where the blue arrow is drawn. Just a ruff thought before the sleep after a long day.
On hourly it looks even better. 90% chance for a bear move.
  • #2,487
  • Dec 2, 2008 8:50pm Dec 2, 2008 8:50pm
Quoting davelochen
Strange, I have another chart from another feed on a 4H instead of 3H for the same period, and it shows almost the same thing. The 4H chart is attached for your reference.
OK. This is what I see on my 4h charts:
Attached Image (click to enlarge)
Click to Enlarge Name: 240 min. EUR A0-FX.jpg Size: 68 KB
  • #2,488
  • Dec 2, 2008 9:41pm Dec 2, 2008 9:41pm
GBP/JPY 1h:
Attached Image (click to enlarge)
Click to Enlarge Name: 60 min. GBPJPY A0-FX.jpg Size: 87 KB
  • #2,489
  • Edited Dec 3, 2008 12:35am Dec 2, 2008 11:40pm | Edited Dec 3, 2008 12:35am
Quoting Igrok
GBP/JPY 1h:
Lovely diamond Though my datafeed is very different as i see now. My sellimit was not filled. It broke to the downside as expected, so its a shame i overslept a sell from 139.35. I wonder what price we would be looking at as a target? Thank you for your time Mr I.
  • #2,490
  • Dec 3, 2008 12:34am Dec 3, 2008 12:34am
TP (nr 1) @ 4h TL, 137.10.
Attached Image (click to enlarge)
Click to Enlarge Name: gbpjpy 1h diamond.jpg Size: 105 KB
Measure twice, cut once
  • #2,491
  • Dec 3, 2008 12:42am Dec 3, 2008 12:42am
Quoting aediaz1
TP (nr 1) @ 4h TL, 137.10.
GM eadiaz1. Yes yes i see that LTL from the 4hr. But there is somekind of diamond profit target calculations if im not mistaken. Also your datastream looks alot better then mine, damn my broker. I missed this trade by a few minutes as i overslept, actually i woke up with the same plan i went to sleep yesterday, and checked the market, but i was too slow. damn.
  • #2,492
  • Dec 3, 2008 12:49am Dec 3, 2008 12:49am
Quoting belekas
GM eadiaz1. Yes yes i see that LTL from the 4hr. But there is somekind of diamond profit target calculations if im not mistaken. Also your datastream looks alot better then mine, damn my broker. I missed this trade by a few minutes as i overslept, actually i woke up with the same plan i went to sleep yesterday, and checked the market, but i was too slow. damn.
Yeah, ADR can be applied but this TL cannon be excluded completely if not mistaken.That TL is really not any buy option now, just banked half my position right now so lets see if it break then I'll ride if further.

It feels like Igrok have served me breakfast in my bed as I would most likely miss it by a min or two if I draw it myself
Measure twice, cut once
  • #2,493
  • Dec 3, 2008 12:56am Dec 3, 2008 12:56am
Quoting aediaz1
Yeah, ADR can be applied but this TL cannon be excluded completely if not mistaken.That TL is really not any buy option now, just banked half my position right now so lets see if it break then I'll ride if further.

It feels like Igrok have served me breakfast in my bed as I would most likely miss it by a min or two if I draw it myself
Hehehe i hear ya brother. Its was a nice trade for sure, and as you say i missed it by a few minutes myself, but no hard feelings, im building my expierence and gaining my confidence back little by little. We already have 3 touches of the LTL from the 4hr, i wonder will we have the "kiss of death" with the 4th touch. I see a nice downtrend channel on the 4hr/dayly, so if the bottom is taken out then we should see a nice fall to retest the low of 1995 @ 129.32 and maybe a new low
  • #2,494
  • Dec 3, 2008 1:02am Dec 3, 2008 1:02am
Quoting belekas
Hehehe i hear ya brother. Its was a nice trade for sure, and as you say i missed it by a few minutes myself, but no hard feelings, im building my expierence and gaining my confidence back little by little. We already have 3 touches of the LTL from the 4hr, i wonder will we have the "kiss of death" with the 4th touch. I see a nice downtrend channel on the 4hr/dayly, so if the bottom is taken out then we should see a nice fall to retest the low of 1995 @ 129.32 and maybe a new low
That's important as well, gaining confidence. I run back-test everyday when I'm bored with testing-software. I think it's a nice tool to practice with and gain confidence with this method.

Wouldn't be nice to hold it down to 129.32

Check out eur/gbp 1h chart, seems to be forming a nice broadening.

Thanks Igrok for guiding use on that diamond.
Measure twice, cut once
  • #2,495
  • Dec 3, 2008 1:05am Dec 3, 2008 1:05am
Talk about touchdown on 4h TL.
Measure twice, cut once
  • #2,496
  • Dec 3, 2008 1:15am Dec 3, 2008 1:15am
Quoting aediaz1
That's important as well, gaining confidence. I run back-test everyday when I'm bored with testing-software. I think it's a nice tool to practice with and gain confidence with this method.

Wouldn't be nice to hold it down to 129.32

Check out eur/gbp 1h chart, seems to be forming a nice broadening.

Thanks Igrok for guiding use on that diamond.
Yes for sure buddy. And i hope we get a pullback once the bottom is taken out so i can join you in the bear party as well Watch the price @ around 135.50/60 if it gets there, as i see another descending TL from the 4hr.

Looking at the EUR/GBP 1hr, and yes looks like its in the process of making, though i dont trade EUR/GBP but maybe i should try it out

Cheers
  • #2,497
  • Dec 3, 2008 1:22am Dec 3, 2008 1:22am
Quoting belekas
Yes for sure buddy. And i hope we get a pullback once the bottom is taken out so i can join you in the bear party as well

Looking at the EUR/GBP 1hr, and yes looks like its in the process of making, though i dont trade EUR/GBP but maybe i should try it out

Cheers
I'll slap you if you don't trade it because of the "low pip movement"

100k units on eur/usd = 10$ a pip
100k units on eur/gbp= 14.71$ a pip

5-day average on eur/usd= 198 pip (i.e 1980$)
5-day average on eur/gbp= 149 pip (i.e 2191$)
Measure twice, cut once
  • #2,498
  • Dec 3, 2008 1:25am Dec 3, 2008 1:25am
Quoting aediaz1
I'll slap you if you don't trade it because of the "low pip movement"

100k units on eur/usd = 10$ a pip
100k units on eur/gbp= 14.71$ a pip

5-day average on eur/usd= 198 pip (i.e 1980$)
5-day average on eur/gbp= 149 pip (i.e 2191$)
Ok boss, im on it right now
  • #2,499
  • Dec 3, 2008 5:01am Dec 3, 2008 5:01am
Mr I, do you see any potential divergence on the GBP/JPY? Im not sure, but maybe theres something on the dayly. Thanks for your time.
  • #2,500
  • Dec 3, 2008 5:39am Dec 3, 2008 5:39am
Seems like we have triangle on usd/jpy, 1h.
Measure twice, cut once
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