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

  • #3,001
  • Feb 25, 2009 4:36pm Feb 25, 2009 4:36pm
Quoting supremeChaos
Igrok,
i've been thinking about it for several months. Now's an opportune time to ask someone experienced as u: what happens to forex trading? will it be banned from small traders like us, or will it vanish for good? What are your thoughts on this issue? Thanks!

I have no experience of leaving in depression times. I just think that if the entire banking system collapses then the whole FOREX as a market will cease to exist.
  • #3,002
  • Feb 25, 2009 4:56pm Feb 25, 2009 4:56pm
Possible Diamond forming on AUDUSD 4hour.

Right side has not formed yet though, just guessing that is the border so far.
Attached Image (click to enlarge)
Click to Enlarge Name: aussie.jpg Size: 80 KB
  • #3,003
  • Feb 25, 2009 5:20pm Feb 25, 2009 5:20pm
Quoting Igrok
I have no experience of leaving in depression times. I just think that if the entire banking system collapses then the whole FOREX as a market will cease to exist.
are things really this bad that it can come to this..i pray not but fear it is likely
  • #3,004
  • Feb 26, 2009 1:43am Feb 26, 2009 1:43am
Mini on CHFJPY H1::nerd:
Attached Image (click to enlarge)
Click to Enlarge Name: chfjpy.png Size: 38 KB
  • #3,005
  • Feb 26, 2009 2:48am Feb 26, 2009 2:48am
Quoting Igrok
BTW the GBP/JPY has changed the move of the year. Seems the way back to 167.00 and perhaps even all the way to 200.00 is now open.
Maybe 127 first if the bullish channel (4hr) gets broken to the downside? On the contrary she might bounce from here to visit the top of the ascending channel around 143 and above ( as per your post).
  • #3,006
  • Feb 26, 2009 3:02am Feb 26, 2009 3:02am
Quoting BentRod
Mini on CHFJPY H1::nerd:
Discovering diamonds in this game must be about as good as discovering them in the ground. There is also the danger of diamondmania.

I understand though that they should be formed of two triangles and strictly speaking I do not think that the one on your chart fullfils that requirement.
Having said that I still have to gain some experience trading them before I can judge whether the pattern is enough of a triangle or not.

The one one on your chart looks good all the same and based on the left down to right sloping diagonal the price should break out upwards (I haven't seen the CHFJPY price today so maybe it already has broken out).
  • #3,007
  • Feb 26, 2009 3:12am Feb 26, 2009 3:12am
Quote
Discovering diamonds in this game must be about as good as discovering them in the ground. There is also the danger of diamondmania.

Not really. If I don't see it straight away I move on.

Quote
strictly speaking I do not think that the one on your chart fullfils that requirement.
The one posted is not the cleanest but it looks good enough.

Does this help??
Attached Image (click to enlarge)
Click to Enlarge Name: diamond.png Size: 65 KB
  • #3,008
  • Feb 26, 2009 3:38am Feb 26, 2009 3:38am
Quoting BentRod
Mini on CHFJPY H1::nerd:
Nice one BentRod
  • #3,009
  • Feb 26, 2009 3:45am Feb 26, 2009 3:45am
Nice catch Matt!

Talking about real diamonds, some of the basic human instincts (looking for resources) almost gets "filled" when hunting for patterns using some of this methods
Measure twice, cut once
  • #3,010
  • Feb 26, 2009 3:54am Feb 26, 2009 3:54am
I had a feeling some of the Igrok's methods would work in the stock-market too. Well, there was only one way find out. I found this lovely comb on a Norwegian stock. Of course, I found another signal I took instead so missed out on this comb. What makes this fun is that today, few days after the short-signal, they suddenly had major cash-problems making the share tanking.

Another example how charts can reflex "future events".
Attached Image (click to enlarge)
Click to Enlarge Name: combs.jpg Size: 143 KB
Measure twice, cut once
  • #3,011
  • Feb 26, 2009 4:31am Feb 26, 2009 4:31am
Can we call this "flat surface" on CAD/JPY (1hr)?
  • #3,012
  • Feb 26, 2009 4:50am Feb 26, 2009 4:50am
Quoting BentRod
Not really. If I don't see it straight away I move on.


The one posted is not the cleanest but it looks good enough.

Does this help??
Thanks for that, the blue arrows help. It seems after a bit of practice the rule is if you don't see it straightaway then the chances are your imagination is trying to take over.
  • #3,013
  • Feb 26, 2009 5:00am Feb 26, 2009 5:00am
Quoting BentRod
Possible Diamond forming on AUDUSD 4hour.

Right side has not formed yet though, just guessing that is the border so far.
On this one, there looks to be enough of a broadening triangle on the left, on the right it don't look like enough triangle as you say but again there looks to be potential with the upward sloping diagonal that the price will break out downwards.
  • #3,014
  • Feb 26, 2009 2:35pm Feb 26, 2009 2:35pm
AUDUSD 4hour
Attached Image (click to enlarge)
Click to Enlarge Name: AUD.jpg Size: 183 KB
  • #3,015
  • Feb 27, 2009 4:25am Feb 27, 2009 4:25am
Igrok, still think GBP/JPY will go to 167/200 before 127?
  • #3,016
  • Mar 1, 2009 11:30am Mar 1, 2009 11:30am
Igrok, looks like we have bullish MACD divergence on the NZD/JPY dayly timeframe pointing to 56.27 Looks like a bullish wedge on dayly with upper border tested already 3 times.
  • #3,017
  • Mar 3, 2009 5:46am Mar 3, 2009 5:46am
Quoting belekas
Igrok, looks like we have bullish MACD divergence on the NZD/JPY dayly timeframe pointing to 56.27 Looks like a bullish wedge on dayly with upper border tested already 3 times.
I don't have this pair on my charts and don't even want to take a look. Sorry.
  • #3,018
  • Mar 3, 2009 5:53am Mar 3, 2009 5:53am
Quoting belekas
Igrok, still think GBP/JPY will go to 167/200 before 127?
I don't know the sequence, but at least 180 looks like a legit target for the moment.
  • #3,019
  • Mar 3, 2009 7:43am Mar 3, 2009 7:43am
Quoting Igrok
I don't have this pair on my charts and don't even want to take a look. Sorry.
No problem, thank you Igrok.
  • #3,020
  • Mar 3, 2009 7:44am Mar 3, 2009 7:44am
Quoting Igrok
I don't know the sequence, but at least 180 looks like a legit target for the moment.
I wonder what technical clue you have at 180?
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