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

  • #3,121
  • Mar 11, 2009 2:55am Mar 11, 2009 2:55am
Quoting Igrok
i will. it's not so easy as it might seem.
I have a feeling it can be very hard. Already sense a hint of frustration from the programmer lol
Measure twice, cut once
  • #3,122
  • Mar 11, 2009 4:57am Mar 11, 2009 4:57am
Quoting aediaz1

Liviu; I second your signature when I saw your chart. Now why do you feel a need for posting it here ?
you're right - i'm not apparently at all in harmony with general posting in this thread.

for me the turn arround happened when i became able to see the same thing by different 3-4 different ways of chartings. reading Igrok's book helped a lot.

Have fun!
Attached Image (click to enlarge)
Click to Enlarge Name: gbpjpy.jpg Size: 127 KB
Once A Trader Always A Trader.
  • #3,123
  • Mar 11, 2009 7:55am Mar 11, 2009 7:55am
Quoting Liviu
you're right - i'm not apparently at all in harmony with general posting in this thread.

for me the turn arround happened when i became able to see the same thing by different 3-4 different ways of chartings. reading Igrok's book helped a lot.

Have fun!
is that what your left with after all this charting ..... ?
?
PATIENCE... DISCIPLINE
  • #3,124
  • Mar 11, 2009 9:45am Mar 11, 2009 9:45am
Im still looking at this picture and thinking...
Attached Image (click to enlarge)
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  • #3,125
  • Mar 11, 2009 11:17am Mar 11, 2009 11:17am
A long shot - could this be a diamond forming on the GBPUSD h4 chart?
As there ain't a broadening triangle on the left, maybe not.
Attached Image (click to enlarge)
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  • #3,126
  • Mar 11, 2009 3:17pm Mar 11, 2009 3:17pm
Quoting HapaSasa
A long shot - could this be a diamond forming on the GBPUSD h4 chart?
As there ain't a broadening triangle on the left, maybe not.
I just don't like the sequence of moves on the "opening" triangle.
  • #3,127
  • Mar 11, 2009 4:10pm Mar 11, 2009 4:10pm
Good evening dear thread members,

I was wondering if this could be a diamond formation in the making for Swissey? Or just my imagination.

Thank you in advance
Attached Image (click to enlarge)
Click to Enlarge Name: swissey.jpg Size: 71 KB
Thank you Malcolm, Belekas, Jim, raczekfx and Ryanmcd !
  • #3,128
  • Mar 11, 2009 4:13pm Mar 11, 2009 4:13pm
Quoting jupiter_peak
I just don't like the sequence of moves on the "opening" triangle.
JP - thanks for your comment. Looking at it again after a break there ain't really a triangle there even with some imagination.
  • #3,129
  • Mar 11, 2009 4:17pm Mar 11, 2009 4:17pm
Quoting djambazov84
Good evening dear thread members,

I was wondering if this could be a diamond formation in the making for Swissey? Or just my imagination.

Thank you in advance
Hi djambozov84 - I would say jupiter_peak's comment about my "diamond" could equally apply to yours.

Maybe some of the other more experienced diamond spotters could explain just how much of a triangle is required to fall into the category of a diamond.
  • #3,130
  • Mar 11, 2009 4:36pm Mar 11, 2009 4:36pm
Guys have you to read the whole thread? It have been posted numbers of times.

Remember that you need a broadening pattern for a start. Here's an example of broadening bottom. The low and high market on the chart is ok, but after that you'll need a low lower followed by a higher high. If you don't have a broadening for a start, you can't have a diamond.

From the chapter about diamonds;
(...)such a conclusion can be made only
after the market has already formed the left side of the formation (which is
nothing but a broadening triangle) and at the moment is forming a second
half of the formation. The second half is also a triangle, but a regular one.

Broadening + triangle = diamond. If you don't understand the concept of a broadening pattern or triangle, there is no point in hunting diamonds. Before you can run, make sure you can walk properly.
Attached Image
Measure twice, cut once
  • #3,131
  • Mar 11, 2009 5:28pm Mar 11, 2009 5:28pm
Quoting g_j_hook@yah
is that what your left with after all this charting ..... ?
?
there is no good answer to this sort of questions. just in case you find one, please let me know.
Once A Trader Always A Trader.
  • #3,132
  • Mar 11, 2009 7:07pm Mar 11, 2009 7:07pm
Aediaz,

Very nice!!

Just adding, any formation (ie. triangle, broad, triangle, wedge, etc) has to have the right sequence of moves inside it. Otherwise, it makes no sense.

By that, I mean "touches" that form the lines in an orderly fashion:

Up, down, up, down - correct
Down, up, down, up - correct
down, down, down, up - wrong
up,up, down, down - wrong... and so forth.

So the very "birth"of any formation has to follow these "steps"

I hope the above text is clear enough and that my poor englich didn't screw it up.

JP.


Quoting aediaz1
Guys have you to read the whole thread? It have been posted numbers of times.

Remember that you need a broadening pattern for a start. Here's an example of broadening bottom. The low and high market on the chart is ok, but after that you'll need a low lower followed by a higher high. If you don't have a broadening for a start, you can't have a diamond.

From the chapter about diamonds;
(...)such a conclusion can be made only
after the market has already formed the left side of the formation (which is
nothing but a broadening...
  • #3,133
  • Mar 12, 2009 12:40am Mar 12, 2009 12:40am
Quoting jupiter_peak
Aediaz,

Very nice!!

Just adding, any formation (ie. triangle, broad, triangle, wedge, etc) has to have the right sequence of moves inside it. Otherwise, it makes no sense.

By that, I mean "touches" that form the lines in an orderly fashion:

Up, down, up, down - correct
Down, up, down, up - correct
down, down, down, up - wrong
up,up, down, down - wrong... and so forth.

So the very "birth"of any formation has to follow these "steps"

I hope the above text is clear enough and that my poor englich didn't screw it up.

JP.
Yes, good point your adding !
Measure twice, cut once
  • #3,134
  • Mar 12, 2009 12:56am Mar 12, 2009 12:56am
Keeping in mind that USD/YEN met minimum diamond outcome and is free to drop as Igrok posted the NZD/JPY weekly comb looks attractive to me. Dont know about you guys, but seems most JPY crosses are bearish.
  • #3,135
  • Mar 12, 2009 1:41am Mar 12, 2009 1:41am
Quoting belekas
Im still looking at this picture and thinking...
Hi B.
I went short at a nice price, 64.00 right on a resistence .. it turned out to be a perfect spot to long yen.
Short because i saw a combo on weekly, so I scaled down to 4h and there was a tl with 3 perfect bounces on low that now price just broke through.
Already lowered my stop to lock in some pips; Don't know where target could be, but i'm aiming for at least 60.00.
  • #3,136
  • Mar 12, 2009 2:06am Mar 12, 2009 2:06am
Quoting jupiter_peak
Aediaz,

Very nice!!

Just adding, any formation (ie. triangle, broad, triangle, wedge, etc) has to have the right sequence of moves inside it. Otherwise, it makes no sense.

By that, I mean "touches" that form the lines in an orderly fashion:

Up, down, up, down - correct
Down, up, down, up - correct
down, down, down, up - wrong
up,up, down, down - wrong... and so forth.

So the very "birth"of any formation has to follow these "steps"

I hope the above text is clear enough and that my poor englich didn't screw it up.

JP.
Hi JP and aediaz1 - just to labour the point, some more discussion.
I have read all the posts about diamonds and I have the book, what I need now is experience.

JP no worries, your "poor englich" screwed it right down (made the point clear).

I'd like to ask you the following:
Looking at Igrok's post #3048 showing the diamond on the weekly DJA, there is only one touch on the lower left line and one on the upper line on the left side of the main diagonal, so to me it does not appear to be a clear broadening triangle.
This is the difficulty I am experiencing - it seems you cannot simply expect a clear broadening triangle where both the the lower and upper sloping lines on the left of the main diagonal each have more than one touch, as shown on templates 19.11 and 19.12.
  • #3,137
  • Mar 12, 2009 3:02am Mar 12, 2009 3:02am
Quote
Very nice!!

Just adding, any formation (ie. triangle, broad, triangle, wedge, etc) has to have the right sequence of moves inside it. Otherwise, it makes no sense.

By that, I mean "touches" that form the lines in an orderly fashion:
....

welcome back JP
have read some/many of your posts here....
Thanks for this supplementary info.



Quote
Guys have you to read the whole thread? It have been posted numbers of times.......
Broadening + triangle = diamond. If you don't understand the concept of a broadening pattern or triangle, there is no point in hunting diamonds. Before you can run, make sure you can walk properly.

Yes aediaz1, I've this post 2-4x already... U have been patient in giving reminders huh
  • #3,138
  • Mar 12, 2009 6:53am Mar 12, 2009 6:53am
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  • #3,139
  • Mar 12, 2009 7:56am Mar 12, 2009 7:56am
Quoting belekas
Potential H&S?
  • #3,140
  • Mar 12, 2009 8:01am Mar 12, 2009 8:01am
Quoting HapaSasa
Hi JP and aediaz1 - just to labour the point, some more discussion.
I have read all the posts about diamonds and I have the book, what I need now is experience.

JP no worries, your "poor englich" screwed it right down (made the point clear).

I'd like to ask you the following:
Looking at Igrok's post #3048 showing the diamond on the weekly DJA, there is only one touch on the lower left line and one on the upper line on the left side of the main diagonal, so to me it does not appear to be a clear broadening triangle.
This is the difficulty...
Try drawing lines through the price and you'll see that the sequences are correct. Don't get too frustrated when you don't get some of his post, I have the same feeling from time to time like with his usd/jpy diamond I never understood.
Measure twice, cut once
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