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

  • #2,881
  • Feb 17, 2009 6:42am Feb 17, 2009 6:42am
Maybe H&S pattern? Though the right shoulder is slightly higher then left one. Also a similar picture on GBP/USD as well. What do you guys think?
Attached Image (click to enlarge)
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  • #2,882
  • Feb 17, 2009 8:18am Feb 17, 2009 8:18am
Quoting belekas
Maybe H&S pattern? Though the right shoulder is slightly higher then left one. Also a similar picture on GBP/USD as well. What do you guys think?
As you say the right shoulder is higher than the left one.

Take a look @ crude oil. Couple of divergence on daily TF;
Attached Image (click to enlarge)
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Measure twice, cut once
  • #2,883
  • Feb 17, 2009 9:45am Feb 17, 2009 9:45am
Quoting aediaz1
As you say the right shoulder is higher than the left one.

Take a look @ crude oil. Couple of divergence on daily TF;
I see. What are your thoughts on crude oil?
  • #2,884
  • Feb 17, 2009 4:25pm Feb 17, 2009 4:25pm
Quoting aediaz1
Take a look @ crude oil. Couple of divergence on daily TF;
Crude futures here(CLH) have already made a small run lower from a similiar wedge here.
I suspect the sideways windup with divergence will end in quite a spike lower after which a bit of a runup could occur again(just like GBPUSD did, as was mentioned).
No idea what it will take to bottom out oil though (I'd like a big weekly bar to stand out).
I just for some reason doubt it will stay cheap forever.
I guess the current paradigm of a simultaneously rising USD is keeping the lid on oil priced in USD for now.
Trust price. Know yourself.
  • #2,885
  • Feb 17, 2009 9:04pm Feb 17, 2009 9:04pm
For GBPUSD probaly diamond H4 or H1
  • #2,886
  • Feb 18, 2009 1:09am Feb 18, 2009 1:09am
GBP/CHF diamond?
Attached Image (click to enlarge)
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  • #2,887
  • Feb 18, 2009 1:38am Feb 18, 2009 1:38am
Attached Image (click to enlarge)
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Quoting Alex III
For GBPUSD probaly diamond H4 or H1
  • #2,888
  • Feb 18, 2009 2:02am Feb 18, 2009 2:02am
GBP/CHF and GBP/USD have similar patterns but somehow the first one looks better to me. Thats just me though. Igroks opinion would be nice.
  • #2,889
  • Feb 18, 2009 3:18am Feb 18, 2009 3:18am
CADJPY probaly diamond 4H
Attached Image (click to enlarge)
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  • #2,890
  • Feb 18, 2009 3:28am Feb 18, 2009 3:28am
Quoting Alex III
CADJPY probaly diamond 4HAttachment
Nice one. Looks bearish though.
  • #2,891
  • Feb 18, 2009 3:51am Feb 18, 2009 3:51am
What I'm looking for in the posted example of oil, is a fast and rapid move to the upside which tend to happen after multiply divergence (someone remember the quadruple eur/jpy and eur/gbp divergences?).

Unfortunately, I don't see divergences as any trading-signal. I sort of see it as a charge-up (multiply ones that is) of where price will go, we just don't know when using it, but I can only speak for myself.

As said above, price might as well spike down, we don't know, but I'm keeping an eye for a good bull-run sometime in the (near?) future.
Measure twice, cut once
  • #2,892
  • Feb 18, 2009 4:06am Feb 18, 2009 4:06am
Quoting aediaz1
What I'm looking for in the posted example of oil, is a fast and rapid move to the upside which tend to happen after multiply divergence (someone remember the quadruple eur/jpy and eur/gbp divergences?).

Unfortunately, I don't see divergences as any trading-signal. I sort of see it as a charge-up (multiply ones that is) of where price will go, we just don't know when using it, but I can only speak for myself.

As said above, price might as well spike down, we don't know, but I'm keeping an eye for a good bull-run sometime in the (near?)...
Makes sense buddy and keep us posted in the meantime about crude. Im observing a possible broadening bottom pattern in progress on GBP/USD. Today there was a perfect sell @ the top at nearly 1.43 once it touched the descending 4hr TL (3rd touch). Wasnt here to trade it though. Bottom of the descending channel is around 1.38 I see support @ 1.4050. Lets wait and see where it wants to go.
  • #2,893
  • Feb 18, 2009 5:18am Feb 18, 2009 5:18am
Quoting belekas
GBP/CHF diamond?
belekas - my understanding and limited knowledge of this tells me it is not a diamond because there are no broadening triangles.

I do not know how strict this guideline is though.
  • #2,894
  • Feb 18, 2009 5:21am Feb 18, 2009 5:21am
Quoting HapaSasa
belekas - my understanding and limited knowledge of this tells me it is not a diamond because there are no broadening triangles.

I do not know how strict this guideline is though.
The one i had in mind already broke to the downside but price stopped and reversed on the dayly broken descending TL. Looks like it wasnt a diamond after all, but.
  • #2,895
  • Feb 18, 2009 5:42am Feb 18, 2009 5:42am
Descending channel or broadening pattern on GBP/USD?
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  • #2,896
  • Feb 18, 2009 3:43pm Feb 18, 2009 3:43pm
EURJPY 4H triangle, 3 touch up side and down side 3 touch too
Attached Image
  • #2,897
  • Feb 19, 2009 3:07am Feb 19, 2009 3:07am
Looks like Geppy is building a huge 4hr ascending triangle with top around 138
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  • #2,898
  • Feb 19, 2009 8:20am Feb 19, 2009 8:20am
Close-to 100% perfect comb on usd/jpy 4h playing out as we speak and flat surface on cad/jpy intraday yielding good.

Also, usd/jpy is reaching yearly high.
Measure twice, cut once
  • #2,899
  • Feb 19, 2009 8:22am Feb 19, 2009 8:22am
Quoting aediaz1
Close-to 100% perfect comb on usd/jpy 4h playing out as we speak and flat surface on cad/jpy intraday yielding good.
Missed this comb but did good on cable and geppy. Nice catch bro
  • #2,900
  • Feb 19, 2009 8:30am Feb 19, 2009 8:30am
Quoting aediaz1
Close-to 100% perfect comb on usd/jpy 4h playing out as we speak and flat surface on cad/jpy intraday yielding good.

Also, usd/jpy is reaching yearly high.
Yep onboard USDJPY.

Geppy and EURJPY haven't broken properly on 4hr yet so watching to see what happens with those.
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