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

  • #4,341
  • Nov 29, 2009 3:24am Nov 29, 2009 3:24am
Quoting belekas
Nice analysis as always aediaz. My charts are saying the same, just wanted to add the bear divergence on daily OIL starting Q3 this year and pointing down towards $58.60 per barrel.
So far it looks like a bear wedge with divergence:
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  • #4,342
  • Nov 29, 2009 1:26pm Nov 29, 2009 1:26pm
OIL WEEKLY

oil weekly channel and comb
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  • #4,343
  • Nov 29, 2009 1:28pm Nov 29, 2009 1:28pm
Quoting belekas
So far it looks like a bear wedge with divergence:
Not an divergence, remember it have to be above/below water-level. Although, the comb and wedge looks pretty cool.
Measure twice, cut once
  • #4,344
  • Nov 29, 2009 4:03pm Nov 29, 2009 4:03pm
Quoting aediaz1
Not an divergence, remember it have to be above/below water-level. Although, the comb and wedge looks pretty cool.
Your right mate. Thanks for correction
  • #4,345
  • Nov 29, 2009 5:34pm Nov 29, 2009 5:34pm
Quoting aediaz1
Not an divergence, remember it have to be above/below water-level. Although, the comb and wedge looks pretty cool.
great mind
  • #4,346
  • Nov 29, 2009 9:29pm Nov 29, 2009 9:29pm
Quoting aediaz1
Not an divergence, remember it have to be above/below water-level. Although, the comb and wedge looks pretty cool.
I dont understand what does it meant by above/below water level.
Any further explanation?
  • #4,347
  • Nov 30, 2009 2:42am Nov 30, 2009 2:42am
potential eur/gbp triangle forming on 1hr?
  • #4,348
  • Nov 30, 2009 2:45am Nov 30, 2009 2:45am
Quoting alearner
potential eur/gbp triangle forming on 1hr?
No.
  • #4,349
  • Nov 30, 2009 3:27am Nov 30, 2009 3:27am
sorry I meant diamond.
  • #4,350
  • Nov 30, 2009 3:29am Nov 30, 2009 3:29am
Quoting alearner
sorry I meant diamond.
Neither.
  • #4,351
  • Nov 30, 2009 4:28am Nov 30, 2009 4:28am
  •  Yuppie
  • Joined Jun 2007 | Status: ̿ ̿ ̿̿'̿̿\̵͇̿̿\=(•̪●)=/̵͇̿̿/'̿̿ ̿ | 2,727 Posts
Good morning all,

I has spent my entire weekend "combing" (sorry, couldn't resist) through the thread.

I admit I am a few pages off from finishing yet.

Now, I am aware here that I am jumping on the diamond-bandwagon, and this may have been covered in pages I have not yet encountered. It's not forex, and that is what I'm curious about.

I'll post anyway.

The chart below shows what I believe to be a rather exemplary diamond. Could you more experienced guys please confirm.

I'm really just curious more than anything.

You'll see that it is 5-min.

I've left out the instrument intentionally.


Cheers,

Magnus

p.s. anyone short the CAD/JPY diamond?
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  • #4,352
  • Nov 30, 2009 4:34am Nov 30, 2009 4:34am
Quoting Yuppie
Good morning all,

I has spent my entire weekend "combing" (sorry, couldn't resist) through the thread.

I admit I am a few pages off from finishing yet.

Now, I am aware here that I am jumping on the diamond-bandwagon, and this may have been covered in pages I have not yet encountered. It's not forex, and that is what I'm curious about.

I'll post anyway.

The chart below shows what I believe to be a rather exemplary diamond. Could you more experienced guys please confirm.

I'm really just curious more than anything.

You'll see...
Looks like it reversed the flow and it's MOT was reached?
  • #4,353
  • Nov 30, 2009 4:43am Nov 30, 2009 4:43am
  •  Yuppie
  • Joined Jun 2007 | Status: ̿ ̿ ̿̿'̿̿\̵͇̿̿\=(•̪●)=/̵͇̿̿/'̿̿ ̿ | 2,727 Posts
Quoting belekas
Looks like it reversed the flow and it's MOT was reached?

My question was more about the validity of the diamond?

Has there been much discussion/attempting to utilise such pattern/TA on other (non-forex) markets?

I'm presuming MOT is targeting a pip/tick-range the height of the diamond from the point of entry - then yes.


Thanks,

Magnus
  • #4,354
  • Nov 30, 2009 4:51am Nov 30, 2009 4:51am
Quoting Yuppie
My question was more about the validity of the diamond?

Has there been much discussion/attempting to utilise such pattern/TA on other (non-forex) markets?

I'm presuming MOT is targeting a pip/tick-range the height of the diamond from the point of entry - then yes.


Thanks,

Magnus
With only two touches that's not a tradable diamond in my book. I like to see more symetry before i make a decision. Assuming the MOT was reached the position opened in direction of the break would have been profitable, so makes you think. Yes, these patterns work in every market. We had some really beautifull diamonds in the past. A lot here, more in my journal.
  • #4,355
  • Nov 30, 2009 5:05am Nov 30, 2009 5:05am
  •  Yuppie
  • Joined Jun 2007 | Status: ̿ ̿ ̿̿'̿̿\̵͇̿̿\=(•̪●)=/̵͇̿̿/'̿̿ ̿ | 2,727 Posts
Quoting belekas
With only two touches that's not a tradable diamond in my book. I like to see more symetry before i make a decision. Assuming the MOT was reached the position opened in direction of the break would have been profitable, so makes you think. Yes, these patterns work in every market. We had some really beautifull diamonds in the past. A lot here, more in my journal.

Thanks belekas.

Yeah, see what you mean about the number of touches.

Like I said, I still have 90 or so pages of this thread to go. But I thus far have not found what MOT means. I assuming something something Target?

Will take a look at your bikini journal once I'm through this thread.


Magnus
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  • #4,356
  • Nov 30, 2009 5:10am Nov 30, 2009 5:10am
Quoting Yuppie
Thanks belekas.

Yeah, see what you mean about the number of touches.

Like I said, I still have 90 or so pages of this thread to go. But I thus far have not found what MOT means. I assuming something something Target?

Will take a look at your bikini journal once I'm through this thread.


Magnus
Measured objective target.
  • #4,357
  • Nov 30, 2009 5:11am Nov 30, 2009 5:11am
  •  Yuppie
  • Joined Jun 2007 | Status: ̿ ̿ ̿̿'̿̿\̵͇̿̿\=(•̪●)=/̵͇̿̿/'̿̿ ̿ | 2,727 Posts
Quoting belekas
Measured objective target.

  • #4,358
  • Nov 30, 2009 5:27am Nov 30, 2009 5:27am
Quoting mphpopular
I dont understand what does it meant by above/below water level.
Any further explanation?
http://www.forexfactory.com/showpost.php?p=2141092&postcount=1192
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  • #4,359
  • Dec 1, 2009 5:04am Dec 1, 2009 5:04am
USDSEK symetrical daily diamond:
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  • #4,360
  • Dec 1, 2009 5:37am Dec 1, 2009 5:37am
DJI hourly printed a broadening. Let's see if it turns out to be a diamond.
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