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

  • #2,641
  • Jan 12, 2009 2:57pm Jan 12, 2009 2:57pm
In EURUSD for 1h probaly dimond?
  • #2,642
  • Jan 12, 2009 3:13pm Jan 12, 2009 3:13pm
Quoting Alex III
In EURUSD for 1h probaly dimond?
Looks like the falling expanded wedge or somthing like that. Maybe Igrok can give us some more clues?
  • #2,643
  • Jan 12, 2009 3:45pm Jan 12, 2009 3:45pm
Quoting Igrok
Unlikely to go straight into that level. I would rather expect to see mid 1.45 first in 2-3 weeks from now.
This was posted Jan 9th..

Looks very likely.

Might be a good day/week to look for a template/formation on cable to go short.
  • #2,644
  • Jan 12, 2009 4:04pm Jan 12, 2009 4:04pm
Good evening everyone,

Decided to throw in my version of a possible diamond pattern on G/U on the daily. As I am completely certain that it is flawed I would love to hear your constructive criticism on this one. On a side note bullish divergence on daily but the more I look at it 1.45 seems almost imminent.

Thank you in advance.
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd.jpg Size: 134 KB
Thank you Malcolm, Belekas, Jim, raczekfx and Ryanmcd !
  • #2,645
  • Jan 12, 2009 4:10pm Jan 12, 2009 4:10pm
Quoting djambazov84
Decided to throw in my version of a possible diamond pattern on G/U on the daily.
Thank you in advance.
The left side looks good, but the right is a guess.

Best idea is to wait until a shape is fully formed, as in, the lines drawn are technically significant.

This might turn into a diamond, it might not.

If you start to try make up trades based on an incomplete shape, its more likely they'll fail. But if you see a shape fully formed, there is soo much more chance of it working. Thats why shapes like this are rare.
  • #2,646
  • Jan 12, 2009 4:13pm Jan 12, 2009 4:13pm
Quoting Blackinc
The left side looks good, but the right is a guess.

Best idea is to wait until a shape is fully formed, as in, the lines drawn are technically significant.

This might turn into a diamond, it might not.

If you start to try make up trades based on an incomplete shape, its more likely they'll fail. But if you see a shape fully formed, there is soo much more chance of it working. Thats why shapes like this are rare.

Greatly appreciate it. Thank you !!!
Thank you Malcolm, Belekas, Jim, raczekfx and Ryanmcd !
  • #2,647
  • Jan 13, 2009 12:09am Jan 13, 2009 12:09am
Wonder if we will get a bounce with EURJPY?

One to watch anyway,
Attached Image (click to enlarge)
Click to Enlarge Name: eurjpy.jpg Size: 75 KB
  • #2,648
  • Jan 13, 2009 5:15am Jan 13, 2009 5:15am
Quoting BentRod
Wonder if we will get a bounce with EURJPY?

One to watch anyway,
Perfect bounce, it didn't even penetrate the line by 1 pip

In some occasions, price "only" bounce i.e 100 pips before breaking the TL so that might be one scenario today.
Measure twice, cut once
  • #2,649
  • Jan 13, 2009 5:20am Jan 13, 2009 5:20am
Watch AUDJPY aswell.
  • #2,650
  • Jan 13, 2009 5:23am Jan 13, 2009 5:23am
Quoting BentRod
Watch AUDJPY aswell.
And CADJPY as well
  • #2,651
  • Jan 13, 2009 5:28am Jan 13, 2009 5:28am
Quoting BentRod
Watch AUDJPY aswell.
Yes

I wonder if trading flat surfaces which got formed long time ago still presents a fair scenario? According to the template it says anytime and looking at the nzd/usd scenario( formed around christmas), it makes sense.
Attached Images
Measure twice, cut once
  • #2,652
  • Edited 6:24am Jan 13, 2009 5:37am | Edited 6:24am
And for the record GBPJPY is approaching all times low of April 1995 @ 129.320...I wonder what reaction we will have. Lets wait and see for ourselfs.
  • #2,653
  • Jan 13, 2009 9:37am Jan 13, 2009 9:37am
Quoting aediaz1
Give it 6-12 months of practice (at least) and you'll understand why some of us still hanging around
I can easily understand why you're still hanging around.

Yesterday I had to leave home and return to a work assignment where the internet access is restricted, which interrupts my trading, again. From time to time I can only look until I get an internet connection at my accommodation in a couple of weeks.

Anyway I see you guys are posting interesting formations on the charts and it'll be interesting to see how the flat surface on AUDJPY plays out.

In the meantime - good trading you guys
  • #2,654
  • Jan 13, 2009 10:27am Jan 13, 2009 10:27am
Quoting Blackinc
This was posted Jan 9th..

Looks very likely.

Might be a good day/week to look for a template/formation on cable to go short.
Indeed. Although I didn't find any setups to short it yet. Belekas talked about some short setups, did I miss something ?
Measure twice, cut once
  • #2,655
  • Jan 13, 2009 11:43am Jan 13, 2009 11:43am
Quoting aediaz1
Indeed. Although I didn't find any setups to short it yet. Belekas talked about some short setups, did I miss something ?
From here cable is likely to get back to 1.52.
  • #2,656
  • Jan 13, 2009 12:16pm Jan 13, 2009 12:16pm
Quoting Igrok
From here cable is likely to get back to 1.52.
My best guess would be that this scenario is based on daily chart ?
Attached Image (click to enlarge)
Click to Enlarge Name: diamond.jpg Size: 93 KB
Measure twice, cut once
  • #2,657
  • Jan 13, 2009 12:28pm Jan 13, 2009 12:28pm
Quoting HapaSasa

Anyway I see you guys are posting interesting formations on the charts and it'll be interesting to see how the flat surface on AUDJPY plays out.

In the meantime - good trading you guys
A flat surface is tested at least 3 times, according to the template. And I've noticed myself that the more accurate they seem, better they perform (like the nzd/usd one). An indifference of just a few pips means I'm not tempted to trade it, but that's me.
Measure twice, cut once
  • #2,658
  • Jan 13, 2009 12:57pm Jan 13, 2009 12:57pm
There go those stops on the Yen crosses.
  • #2,659
  • Jan 13, 2009 12:58pm Jan 13, 2009 12:58pm
Quoting BentRod
There go those stops on the Yen crosses.
Yeah, stop and reverse in play on eur/jpy. Seems like we where not the only ones with stops below that level
Measure twice, cut once
  • #2,660
  • Jan 13, 2009 1:02pm Jan 13, 2009 1:02pm
I couldn't do the S&R as I was already short EURJPY.

Have added more and got stops to B.E. already after it fell through there, hopefully it has some legs
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