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

  • #5,621
  • May 24, 2010 12:31am May 24, 2010 12:31am
Quoting belekas
Sadly it's neither of those 3 you have mentioned. Around here we call it "wishfull thinking" that is one of the deadly sins. Check out one post above and try to compare your formation with the one I have posted yesterday.
surely i will look into it,but whats your opinion aboout eu?
  • #5,622
  • May 24, 2010 12:35am May 24, 2010 12:35am
Quoting swingtrader
surely i will look into it,but whats your opinion aboout eu?
Nothing for my taste

Quoting PutaMadre
...potential H&S in it....
Let's see if it wants to play out
  • #5,623
  • May 24, 2010 12:46am May 24, 2010 12:46am
Quoting belekas
Nothing for my taste
Let's see if it wants to play out

Ah Yeahhh
  • #5,624
  • May 24, 2010 4:02am May 24, 2010 4:02am
au/cad 1h diamond complete...
PATIENCE... DISCIPLINE
  • #5,625
  • May 24, 2010 6:10am May 24, 2010 6:10am
Quoting g_j_hook@yah
au/cad 1h diamond complete...
can u post the chart pls
  • #5,626
  • May 24, 2010 7:31am May 24, 2010 7:31am
Hi

Can someone please confirm for me if this is a 18.4 template? I am still not too sure about this setup.

http://img256.imageshack.us/img256/6306/gggf.gif

I took the short at the red arrow around the day's opening price at 1.4460, stop above the day's high, and profit near 1.4350.

Thank you.
  • #5,627
  • May 24, 2010 7:44am May 24, 2010 7:44am
Quoting Nokaut
Hi

Can someone please confirm for me if this is a 18.4 template? I am still not too sure about this setup.

http://img256.imageshack.us/img256/6306/gggf.gif

I took the short at the red arrow around the day's opening price at 1.4460, stop above the day's high, and profit near 1.4350.

Thank you.
Hi Nokaut. I happen to have a few mins break from my intra-day trading so will try to answer your question. The template says that entry must be 30 pips ahead of the day high or low. Sl too wide in this case. Entry time must be late European session and/or NY session. No criteria meets the requirements so it's not a 18.4 short signal. Hope that helps
  • #5,628
  • May 24, 2010 8:08am May 24, 2010 8:08am
Quoting belekas
Hi Nokaut. I happen to have a few mins break from my intra-day trading so will try to answer your question. The template says that entry must be 30 pips ahead of the day high or low. Sl too wide in this case. Entry time must be late European session and/or NY session. No criteria meets the requirements so it's not a 18.4 short signal. Hope that helps
Thanks very much for your time. I am very grateful. I guess my overiding question would be, why 30 pips? I did read Igrok's description of 18.4 but I was a bit confused, so I decided to just focus on the two picture examples in his book, both of which appear to trigger on a return to the day's open price. Can I just clarify if the 18.4 trade is triggered at the open price? Hate to ask too many questions, but this one got me stumped. All the best.
  • #5,629
  • May 24, 2010 8:16am May 24, 2010 8:16am
Quoting Nokaut
Thanks very much for your time. I am very grateful. I guess my overiding question would be, why 30 pips? I did read Igrok's description of 18.4 but I was a bit confused, so I decided to just focus on the two picture examples in his book, both of which appear to trigger on a return to the day's open price. Can I just clarify if the 18.4 trade is triggered at the open price? Hate to ask too many questions, but this one got me stumped. All the best.
Default entry is 30 pips ahead of day high or low. Sometimes even less. Although I do take open price under consideration from time to time when market structure favours it, but I never base my entries solely on the return to the open. Take your time to study the templates and the thread with all the massive collection of samples we have put over time and you will understand the idea alot better
  • #5,630
  • May 24, 2010 8:55am May 24, 2010 8:55am
Quoting belekas
Default entry is 30 pips ahead of day high or low. Sometimes even less. Although I do take open price under consideration from time to time when market structure favours it, but I never base my entries solely on the return to the open. Take your time to study the templates and the thread with all the massive collection of samples we have put over time and you will understand the idea alot better
That cleared it up for me. A thousand thanks.
  • #5,631
  • May 24, 2010 8:56am May 24, 2010 8:56am
Quoting Nokaut
That cleared it up for me. A thousand thanks.
No problem and good luck in your trading journey
  • #5,632
  • May 25, 2010 1:22am May 25, 2010 1:22am
light oil provided us the diamond with successful break downside
  • #5,633
  • May 25, 2010 1:48am May 25, 2010 1:48am
Took this one small one, doin weel so far...
Attached Image (click to enlarge)
Click to Enlarge Name: audcad mini.gif Size: 14 KB
  • #5,634
  • May 25, 2010 9:19pm May 25, 2010 9:19pm
Hello Mr. Toshchakov,

Long time we don't hear from you. Hope you are busy, making money and/or preparing a very special book for us all. ;-)

Now, I am getting double diagonal diamonds pictures on both USDx and fiber. I know these (USDx and fiber) are pretty much inversely correlated.

I am also getting divergences (h4 and daily). USDx has bearish divergences pointing towards 82.90 on h4 and there's an unfulfilled div. on daily pointing towards 79.62.

Fiber has the very same opposite picture. Bullish divergences: h4 pointing towards 1.3094 and daily towards 1.3782.

My question is: reversal signs under way? That is what I might expect from what I see on those charts. However, like you have mentioned a few times, double diagonal diamonds are hard to predict. But can those divergences be indicative of anything in this particular scenario?

Many thanks and I apologize for such a big text.

Best,

JP.
  • #5,635
  • Edited 2:44am May 26, 2010 1:11am | Edited 2:44am
Quoting jupiter_peak
Now, I am getting double diagonal diamonds pictures on both USDx and fiber...
  • #5,636
  • May 26, 2010 6:06pm May 26, 2010 6:06pm
Eur/jpy have quadruple divergence on 4h. We need no shaman to guess the outcome here. Shall we see an euro correction in the very near future?

Textbook comb on gbp/chf daily.
Measure twice, cut once
  • #5,637
  • May 27, 2010 2:46am May 27, 2010 2:46am
Eur/jpy:
Attached Image (click to enlarge)
Click to Enlarge Name: eurjpy 30m triangle.gif Size: 32 KB
Measure twice, cut once
  • #5,638
  • May 27, 2010 4:37am May 27, 2010 4:37am
USDCAD perfect 18.4 intraweek basis and near TL (min 05/13, 05/18)
  • #5,639
  • May 27, 2010 5:11am May 27, 2010 5:11am
Quoting gabs
USDCAD perfect 18.4 intraweek basis and near TL (min 05/13, 05/18)
There is validity to the pattern but the oil momentum is going up. See how it work out...plus Aud main move for week has changed.
  • #5,640
  • May 27, 2010 5:16am May 27, 2010 5:16am
Quoting songbo
There is validity to the pattern but the oil momentum is going up. See how it work out...plus Aud main move for week has changed.
When AR is already filled like in this case 127% I never use 18.4 template as it makes 0 sense to me.
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