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

  • #4,561
  • Jan 12, 2010 10:52am Jan 12, 2010 10:52am
Quoting PutaMadre
Broadening wedge whith rsi divergence
Shorted this one due to monday's narow range, whith a relative small stop loss, already have ~200 pip floating profit and about to pocket it at day end.
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  • #4,562
  • Jan 12, 2010 12:59pm Jan 12, 2010 12:59pm
Long @ 0.9173 - Target around 0.96 - SL: 20 pips

Reasons:
--------------------
Large Broadening Triangle +
Upwards Broadening Channel
Flat surface on H1 @ 0.9325
3 touches of 0.9325... the 4th touch might break it...

Right now I like the price action... let's see how it turns out :-)

BTW... the red line is an open gap that I would propose the market wants to close... let's see what's the markets opinion on that...
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  • #4,563
  • Jan 12, 2010 1:26pm Jan 12, 2010 1:26pm
Quoting ernesto
Long @ 0.9173 - Target around 0.96 - SL: 20 pips

Reasons:
--------------------
Large Broadening Triangle +
Upwards Broadening Channel
Flat surface on H1 @ 0.9325
3 touches of 0.9325... the 4th touch might break it...

Right now I like the price action... let's see how it turns out :-)

BTW... the red line is an open gap that I would propose the market wants to close... let's see what's the markets opinion on that...
AUDUSD has triple divergence clearly seen on Macd and rsi, allso some reversal patterns cuold be in progres...
  • #4,564
  • Jan 12, 2010 1:33pm Jan 12, 2010 1:33pm
Any opinion on Dow Jones Index? In my opinion the parallel neckline has been penetrated... according to Igroks rules the H&S formation therefore has been invalidated...
  • #4,565
  • Jan 12, 2010 1:55pm Jan 12, 2010 1:55pm
Quoting PutaMadre
AUDUSD has triple divergence clearly seen on Macd and rsi, allso some reversal patterns cuold be in progres...
Especially in a trending markets divergences often take time before they play out... I remember the EURUSD bullrun 2 years ago... everything already pointed down... but it went up and up and up...

As mentioned by Igrok also: "a market needs time to reverse"...

Btw... stop loss to BE :-)

Which reversal patterns do you mean? The huge diamond has been broken to the upside... but... would be interested - thankful for any hint...
  • #4,566
  • Jan 12, 2010 4:00pm Jan 12, 2010 4:00pm
my point of view: important line has been broken today. but we are in front of another one.
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  • #4,567
  • Jan 13, 2010 12:20am Jan 13, 2010 12:20am
Quoting cannarek
my point of view: important line has been broken today. but we are in front of another one.
Hmmm... with my broker (Tradestation) the picture looks different and we had a perfect 3rd touch...
  • #4,568
  • Jan 13, 2010 6:30am Jan 13, 2010 6:30am
SKipped the GU #20.4 but it seems like it hav fullfil the ADR
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  • #4,569
  • Jan 13, 2010 6:32am Jan 13, 2010 6:32am
#19.13 on AJ - posible H&S in h4

SHorted @ projected RS with SL of 20pips
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  • #4,570
  • Jan 13, 2010 6:35am Jan 13, 2010 6:35am
Quoting PutaMadre
Shorted this one due to monday's narow range, whith a relative small stop loss, already have ~200 pip floating profit and about to pocket it at day end.
I totally agree with your trade..

TipTop
  • #4,571
  • Jan 13, 2010 7:45am Jan 13, 2010 7:45am
Hey everybody Usd/jpy H1 rising wedge?
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  • #4,572
  • Jan 13, 2010 9:28am Jan 13, 2010 9:28am
Quoting ernesto
Especially in a trending markets divergences often take time before they play out... I remember the EURUSD bullrun 2 years ago... everything already pointed down... but it went up and up and up...

As mentioned by Igrok also: "a market needs time to reverse"...

Btw... stop loss to BE :-)

Which reversal patterns do you mean? The huge diamond has been broken to the upside... but... would be interested - thankful for any hint...
Was Looking forward for H&S to develop, gold looks simillar on intraday..
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  • #4,573
  • Edited 11:41pm Jan 13, 2010 9:29am | Edited 11:41pm
Long again @ another touch of the trendline @ 0.9204... leveraged buy price and put SL to BE of my AUDUSD positions... so no risk... :-)

Of course watching it carefully because this is the 4th touch...

[EDIT] Initial price reaction looks promising - but you never know...
  • #4,574
  • Jan 13, 2010 9:42am Jan 13, 2010 9:42am
Trade of the day:
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  • #4,575
  • Jan 13, 2010 10:10am Jan 13, 2010 10:10am
Quoting belekas
Trade of the day:
Great - also indirectly in line with diamond on EURAUD, which still has not reached its target...
  • #4,576
  • Jan 13, 2010 10:14am Jan 13, 2010 10:14am
Quoting ernesto
Great - also indirectly in line with diamond on EURAUD, which still has not reached its target...
Yes. Though, it was wise to take all or partial profit at the support.
  • #4,577
  • Jan 13, 2010 3:52pm Jan 13, 2010 3:52pm
EURJPY might have shown early signs of diamond formation.
  • #4,578
  • Jan 13, 2010 4:25pm Jan 13, 2010 4:25pm
Quoting mphpopular
#19.13 on AJ - posible H&S in h4

SHorted @ projected RS with SL of 20pips
Couldn't resist to post this precious little thing diamond trade:
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  • #4,579
  • Jan 13, 2010 11:41pm Jan 13, 2010 11:41pm
Quoting ernesto
Long again @ another touch of the trendline @ 0.9204... leveraged buy price and put SL to BE of my AUDUSD positions... so no risk... :-)

Of course watching it carefully because this is the 4th touch...

[EDIT] Initial price reaction looks promising - but you never know...

I LOVE IT :-)
  • #4,580
  • Jan 14, 2010 2:36am Jan 14, 2010 2:36am
USDCAD H1 probably diamond
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