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

  • #5,381
  • Apr 26, 2010 2:41am Apr 26, 2010 2:41am
Quoting kihl
There is a possible Daily macd divergence pointing toward 0.90000 level if AUD/USD break downward.
For the break down .8750 would be a "must reach" level.
  • #5,382
  • Apr 26, 2010 6:09am Apr 26, 2010 6:09am
Two scenarios I see: Comb-like on usd/jpy with decent SL available. 18.4 in progress on eur/jpy.
Measure twice, cut once
  • #5,383
  • Edited 7:47am Apr 26, 2010 7:21am | Edited 7:47am
Quoting Igrok
For the break down .8750 would be a "must reach" level.

Igrok?
1.What gonna work more heavy as a magnet for price in this case - a flat surface with unreached divergence’s minimal target on the bottom. OR the comb above the price. What's your logic?

2. Could you give a little rules for proper flat surface recognition

3..9000 is the bottom of the valley between two peaks - .9235 and .9385 So why .8750 would be a "must reach" level?

Thank you, MASTER !
  • #5,384
  • Apr 26, 2010 8:02am Apr 26, 2010 8:02am
. 18.4 in progress on eur/jpy.[/quote] Works nicely so far, looks like its forming flat bottom on small TF... thuogh got myself burned on usdcad twicely today
  • #5,385
  • Apr 26, 2010 8:12am Apr 26, 2010 8:12am
Quoting PutaMadre
. 18.4 in progress on eur/jpy.
Works nicely so far, looks like its forming flat bottom on small TF... thuogh got myself burned on usdcad twicely today[/quote]


me too... but stopped out once
  • #5,386
  • Edited 12:33am Apr 27, 2010 12:22am | Edited 12:33am
AUDJPY and CADJPY has potential to be a similar trade which Igrok took on EURJPY on 7th Aug 2008 (short). A diamond it was but as of now, it is formed halfway... ha.

I see similarity. Anyone pls.

Maybe we could be seeing commodity correction soon...
  • #5,387
  • Apr 27, 2010 2:07am Apr 27, 2010 2:07am
Descending wedge on CAD/JPY.
Attached Image (click to enlarge)
Click to Enlarge Name: cadjpy_100427_m30_wedge.gif Size: 19 KB
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  • #5,388
  • Apr 27, 2010 2:20am Apr 27, 2010 2:20am
Quoting songbo
AUDJPY and CADJPY has potential to be a similar trade which Igrok took on EURJPY on 7th Aug 2008 (short). A diamond it was but as of now, it is formed halfway... ha.

I see similarity. Anyone pls.

Maybe we could be seeing commodity correction soon...
Hmmm just scalled back to data if there was that trade what i'm thinking it was a symetrical diamond on the top... So far i cuold not see any simillarity
Attached Image (click to enlarge)
Click to Enlarge Name: ejigrok.gif Size: 17 KB
  • #5,389
  • Apr 27, 2010 2:39am Apr 27, 2010 2:39am
Quoting PutaMadre
Hmmm just scalled back to data if there was that trade what i'm thinking it was a symetrical diamond on the top... So far i cuold not see any simillarity
Hi, it has the potential... but the diamond is not fully formed yet. This is my anticipation... but well, i could be wrong. Cheers !
  • #5,390
  • Apr 27, 2010 3:49am Apr 27, 2010 3:49am
nice looking symmetry so far. lets see how the next leg fits.
Attached Image (click to enlarge)
Click to Enlarge Name: eurgbp.gif Size: 25 KB
Measure twice, cut once
  • #5,391
  • Edited 5:28am Apr 27, 2010 5:09am | Edited 5:28am
Quoting aediaz1
nice looking symmetry so far. lets see how the next leg fits.
Agreed. Eur/Aud in process...
Attached Image (click to enlarge)
Click to Enlarge Name: euraud_30m_diamond_100427.jpg Size: 93 KB
  • #5,392
  • Apr 27, 2010 6:15am Apr 27, 2010 6:15am
Took an 18.4 today while waiting for the break of a rising TL. Placed stops above high of the day. Going to let it roll south for a while. So far so good.
  • #5,393
  • Apr 27, 2010 8:03am Apr 27, 2010 8:03am
A little reality check on how my fellow traders are able to read a simple 1-5m chart. Let's take EUR/USD as per sample. Price fills it's daily range at 1.3284 forming a 5m bullish divergence targeting 1.3318 but as you already know divergence alone doesn't provide a trading signal and besides who would want to buy against the heavy selling we see today? I do sometimes for a quick profit. Now, I had a perfect entry to go long for a 1:2.83 trade. Target reached without any problems and there was even 1:4.58 available if you managed to close at the top. So, now could anyone tell me where was my entry and where did I place my SL?
Attached Image (click to enlarge)
Click to Enlarge Name: riddle.jpg Size: 83 KB
  • #5,394
  • Apr 27, 2010 8:11am Apr 27, 2010 8:11am
Quoting belekas
A little reality check on how my fellow traders are able to read a simple 1-5m chart. Let's take EUR/USD as per sample. Price fills it's daily range at 1.3284 forming a 5m bullish divergence targeting 1.3318 but as you already know divergence alone doesn't provide a trading signal and besides who would want to buy against the heavy selling we see today? I do sometimes for a quick profit. Now, I had a perfect entry to go long for a 1:2.83 trade. Target reached without any problems and there was even 1:4.58 available if you managed to close at the...
Riddle solved?
Attached Image (click to enlarge)
Click to Enlarge Name: riddle.jpg Size: 84 KB
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  • #5,395
  • Apr 27, 2010 8:13am Apr 27, 2010 8:13am
Quoting Mr.C
Riddle solved?
Can't be that easy ah? It took less then 8 minutes for you to figure it out. Alot less then for me to make this post, hehe. All I can say is Bravo!!
  • #5,396
  • Apr 27, 2010 8:18am Apr 27, 2010 8:18am
Could you tell me how you decided on the target? Thanks.
  • #5,397
  • Apr 27, 2010 9:28am Apr 27, 2010 9:28am
TL penetration and approaching Low of Month. Perhaps extension down south?
  • #5,398
  • Apr 27, 2010 10:07am Apr 27, 2010 10:07am
Comb on swissey daily in progres
  • #5,399
  • Apr 27, 2010 12:37pm Apr 27, 2010 12:37pm
Todays action on gbp/usd have similarity from Igroks "A Sample Trade" from page 207. Although it didn't form the exact pattern, we had a triangle that could have been easily traded along with flat surfaces identical to Igroks example.
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd.gif Size: 34 KB
Measure twice, cut once
  • #5,400
  • Apr 27, 2010 1:13pm Apr 27, 2010 1:13pm
Quoting aediaz1
Todays action on gbp/usd have similarity from Igroks "A Sample Trade" from page 207. Although it didn't form the exact pattern, we had a triangle that could have been easily traded along with flat surfaces identical to Igroks example.
Nice illustration aediaz1!
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