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

  • #3,361
  • Apr 16, 2009 5:11am Apr 16, 2009 5:11am
Quoting belekas
Possible ascending channel building on USD/CHF 60min?
Let's see how it develops.
Attached Image (click to enlarge)
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Measure twice, cut once
  • #3,362
  • Apr 16, 2009 5:21am Apr 16, 2009 5:21am
Quoting aediaz1
Let's see how it develops.
I caught the top of 60min bullish channel at 1.1517 that i have posted before. I would have been long from the bottom of your 240min/dayly channel around 1.3 if i had been trading that time. Anyway, lets see if my channel plays out as im only looking for 100 pips. You in any position buddy?
  • #3,363
  • Apr 16, 2009 5:23am Apr 16, 2009 5:23am
Quoting belekas
I caught the top of 60min bullish channel at 1.1517 that i have posted before. I would have been long from the bottom of your 240min/dayly channel around 1.3 if i had been trading that time. Anyway, lets see if my channel plays out as im only looking for 100 pips. You in any position buddy?
Nice going. No, I'm currently enjoying and exploring TS like a child on xmas eve
Measure twice, cut once
  • #3,364
  • Edited 5:56am Apr 16, 2009 5:36am | Edited 5:56am
Quoting aediaz1
Nice going. No, I'm currently enjoying and exploring TS like a child on xmas eve
Looks like their trading servers are down for maintance, as i cant connect.
  • #3,365
  • Apr 16, 2009 7:34am Apr 16, 2009 7:34am
Quoting belekas
Would love to see more touches on the right side of this potential 4hr AUD/JPY diamond, or maybe H&S?:

edit: right side still missing, lets see if the market had similar pattern in mind.
belekas - I have very little internet access these days but between times I am still looking for diamond formations.
Does it matter much that the central part of the diamond does not show a high and a low?
The broadening triangle pattern on the left is clear enough.

Anyway it will be good to see how the right side pans out.
  • #3,366
  • Apr 16, 2009 3:37pm Apr 16, 2009 3:37pm
Quoting HapaSasa
belekas - I have very little internet access these days but between times I am still looking for diamond formations.
Does it matter much that the central part of the diamond does not show a high and a low?
The broadening triangle pattern on the left is clear enough.

Anyway it will be good to see how the right side pans out.
The right side is still under construction. I wonder if Igrok would comfirm it beying a diamond? Dual diagonal in this case...
  • #3,367
  • Edited Apr 17, 2009 12:47am Apr 16, 2009 10:21pm | Edited Apr 17, 2009 12:47am
H+S ??
EDIT: pattern complete, nice bearish slope. lets see what happens??
jon
igrok i would be interested in your opinion about the candle in which the wick penetrates the neck line ,15:04, 9:00am.
does this weaken the pattern at all?
thanx jon.
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PATIENCE... DISCIPLINE
  • #3,368
  • Apr 17, 2009 3:22am Apr 17, 2009 3:22am
As Igrok posted before a level of 1.07 for USD/CHF i was waiting for it. Maybe such diamond is another possibility or we fall from the red TL that is possible ascending 4hr channels upper border? Very interesting picture and i would like the master to comment Thanks for your time if you find a few mins to check it out.
Attached Image (click to enlarge)
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  • #3,369
  • Apr 17, 2009 4:43am Apr 17, 2009 4:43am
Quoting belekas
As Igrok posted before a level of 1.07 for USD/CHF i was waiting for it. Maybe such diamond is another possibility or we fall from the red TL that is possible ascending 4hr channels upper border? Very interesting picture and i would like the master to comment Thanks for your time if you find a few mins to check it out.
belekas - I know you have asked Igrok to comment.

All the same I'd just like to get my oar in as part of the learning process.
To me there is no broadening triangle on the left so it don't really look like a diamond. If it is, the main diagonal is sloping down, which would mean that the price should break out upwards.
I think the ascending 4 hr channel looks a better proposition.
  • #3,370
  • Apr 17, 2009 4:57am Apr 17, 2009 4:57am
Quoting HapaSasa
belekas - I know you have asked Igrok to comment.

All the same I'd just like to get my oar in as part of the learning process.
To me there is no broadening triangle on the left so it don't really look like a diamond. If it is, the main diagonal is sloping down, which would mean that the price should break out upwards.
I think the ascending 4 hr channel looks a better proposition.
Left side looks good to me but im not so sure about the right side yet. Main diagonal is pointing down so the breakout is to be expected to the upside. It has already finished todays ADR. I dont know the weekly ranges yet as my TS system is not yet fully setuped, but it might make sense shorting the upper 4hr channels border if it gets there today. I really hope Igrok finds some time to ellaborate during the weekend. Cheers and safe trading.
  • #3,371
  • Apr 17, 2009 6:51am Apr 17, 2009 6:51am
Could be a diamond on usdchf daily
Measure twice, cut once
  • #3,372
  • Apr 17, 2009 8:10am Apr 17, 2009 8:10am
Quoting aediaz1
Could be a diamond on usdchf daily
aediaz1 - I've just had a quick look on live charts as I can't access my platform. At the first glance it looks very much like a diamond.
The breakout should be to the downside if I see it properly.

Good trading and a good weekend.
  • #3,373
  • Apr 17, 2009 10:14am Apr 17, 2009 10:14am
AUD/JPY 4hr:
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  • #3,374
  • Apr 17, 2009 11:48am Apr 17, 2009 11:48am
Quoting HapaSasa
aediaz1 - I've just had a quick look on live charts as I can't access my platform. At the first glance it looks very much like a diamond.
The breakout should be to the downside if I see it properly.

Good trading and a good weekend.
Could be, the sequences seems a bit messed but still.

I guess it wouldn't make sense to short swissy based on channel template since we could have a diamond on larger TF. Along with that, as Igrok have stated, shorting on a rising TL can be risky business !

Quoting belekas
AUD/JPY 4hr:
Seems like a beauty !
Measure twice, cut once
  • #3,375
  • Apr 19, 2009 5:41pm Apr 19, 2009 5:41pm
I thing that really amaze me is a simple statistic observation, mentioned by Igrok, being the statistically advance of seeing majors form their yearly high/low during January.

So many people uses statistics up and down on years of historical data, normal distribution, standard deviation, averages, fractal nature and the list goes on but I have never seen anyone else bring up such and easy-to-spot fact regarding USEFUL statistics.

I know you don't like the "why" question Igrok but I cannot help asking "why?" here
Measure twice, cut once
  • #3,376
  • Apr 19, 2009 6:22pm Apr 19, 2009 6:22pm
3h chart from oanda .. ... Ar we talking about a bearish diamond ???
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  • #3,377
  • Apr 20, 2009 12:24am Apr 20, 2009 12:24am
Quoting belekas
AUD/JPY 4hr:
Diamond broken to the downside while i was sleeping. Ohh well, better luck next time.
  • #3,378
  • Apr 20, 2009 11:36am Apr 20, 2009 11:36am
Quoting belekas
Diamond broken to the downside while i was sleeping. Ohh well, better luck next time.
Beautifull trade this was:
Attached Image (click to enlarge)
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  • #3,379
  • Edited 1:31am Apr 21, 2009 1:15am | Edited 1:31am
Andre, we had a perfect bounce of the dayly bullish channels bottom on GBP/JPY at 141.50, that we talked about yesterday night. Too bad i was already counting sheep my eyes closed when it happened. Lets see how it unfolds as i think the "kiss of death" is not too far away.
  • #3,380
  • Apr 21, 2009 5:22am Apr 21, 2009 5:22am
Quoting belekas
Andre, we had a perfect bounce of the dayly bullish channels bottom on GBP/JPY at 141.50, that we talked about yesterday night. Too bad i was already counting sheep my eyes closed when it happened. Lets see how it unfolds as i think the "kiss of death" is not too far away.
My god, you sleep all day long ?

A cookie for the first person to spot 3 (!) different setups on eur/gbp formed from last weeks low to present time
Measure twice, cut once
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