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

  • #5,661
  • Jun 3, 2010 1:14am Jun 3, 2010 1:14am
not sure.. or forming a new one ? ..
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  • #5,662
  • Jun 3, 2010 3:44am Jun 3, 2010 3:44am
Quoting uraceulose
i just gotta learn to complete them..
broadening pattern (left-side) + triangle (right side) = diamond
  • #5,663
  • Jun 3, 2010 7:53am Jun 3, 2010 7:53am
Quoting metapips
not sure.. or forming a new one ? ..
good skill. and here is something forming on 4H usd/chf
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  • #5,664
  • Jun 3, 2010 8:30am Jun 3, 2010 8:30am
Quoting wolfraider
good skill. and here is something forming on 4H usd/chf
Check up sequence.
I prefer on a cable, probably tomorrow there we will see
  • #5,665
  • Jun 3, 2010 9:04am Jun 3, 2010 9:04am
Quoting wolfraider
good skill. and here is something forming on 4H usd/chf
nah.. i'm still far from consistent, still got much to learn here..

but thanks anyways
  • #5,666
  • Jun 3, 2010 9:19am Jun 3, 2010 9:19am
Lets see if this scenario on euro will work out, if so next bottom cuold be at aruond 1.1970 or lower
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  • #5,667
  • Jun 3, 2010 10:02am Jun 3, 2010 10:02am
EUR/GBP mini intraday candy:
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  • #5,668
  • Jun 3, 2010 10:18am Jun 3, 2010 10:18am
ID swissy
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Measure twice, cut once
  • #5,669
  • Jun 3, 2010 7:49pm Jun 3, 2010 7:49pm
I am looking at this one and can't quite figure it out!!


Any hints?

JP.
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  • #5,670
  • Jun 3, 2010 8:00pm Jun 3, 2010 8:00pm
Quoting jupiter_peak
I am looking at this one and can't quite figure it out!!


Any hints?

JP.

the m5 rising wedge might have given the first clue
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Thank you Malcolm, Belekas, Jim, raczekfx and Ryanmcd !
  • #5,671
  • Jun 4, 2010 12:42am Jun 4, 2010 12:42am
Quoting gabs
Check up sequence.
I prefer on a cable, probably tomorrow there we will see
Two-diagonal diamond formed on hourly chart. Let's see where it will go
  • #5,672
  • Edited 4:00am Jun 4, 2010 3:37am | Edited 4:00am
Quoting gabs
Two-diagonal diamond formed on hourly chart. Let's see where it will go
Hi gabs, hi everyone,

Gabs, does your diamond on cable look like this?

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I'm still learning, it's a fine art for sure. Thanks to everyone on this thread, I've just finished the entire thread from begining to end and it has been the best thing I've ever read
  • #5,673
  • Jun 4, 2010 6:03am Jun 4, 2010 6:03am
Quoting niteshift02
Hi gabs, hi everyone,

Gabs, does your diamond on cable look like this?

Attachment

I'm still learning, it's a fine art for sure. Thanks to everyone on this thread, I've just finished the entire thread from begining to end and it has been the best thing I've ever read
It's very close look like that. In the right triangle at the top line the second point on high 05:00GMT
  • #5,674
  • Jun 4, 2010 8:07am Jun 4, 2010 8:07am
  •  FxChi
  • | Joined Dec 2007 | Status: Cash Rules Everything Around Me | 749 Posts
Only on pg.44 of the thread so still working through it so bear with me guys.

Looks like cable just hit the bottom of its ascending channel after breaking out from the diamond. Now would it make sense to buy at the lower border with a stop and reverse? To me it does simply because of all the basing to the left chart and my personal view is cable should continue moving up. But the diamond to the left is a bearish signal, so do we stand aside?

The breakout looked like it should have been up for GBP bc from my understanding of the main diagonal concept, the main diagonal was down. I have a downtrend TL from 4.27.10 and 4.30.10 that had two failed breakouts this week. If it makes it to 1.4681, it would be the 5th approach to the TL and I'd think that this would be a very real breakout to the topside targeting the next downtrend TL (yellow on my chart). So simply from a risk:reward perspective taking the trade off the lower channel with a tight stop and targeting the yellow TL provides a pretty good R:R. Stop and reverse also has a good chance of playing out because of the bearish diamond. Right track?
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"Wishful thinking dies hard." Igor T.
  • #5,675
  • Jun 4, 2010 9:39am Jun 4, 2010 9:39am
Quoting gabs
It's very close look like that. In the right triangle at the top line the second point on high 05:00GMT
Thanks very much gabs. In the end PA didn't turn out as expected.
  • #5,676
  • Jun 4, 2010 10:13am Jun 4, 2010 10:13am
  •  FxChi
  • | Joined Dec 2007 | Status: Cash Rules Everything Around Me | 749 Posts
Quoting FxChi
...
OK 4539, just broke so we're on the sell side of the ascending channel correct (plus bearish diamond)? Stop and Reverse would be recommended with stops above 4587?
"Wishful thinking dies hard." Igor T.
  • #5,677
  • Jun 4, 2010 3:42pm Jun 4, 2010 3:42pm
  •  FxChi
  • | Joined Dec 2007 | Status: Cash Rules Everything Around Me | 749 Posts
Was this a Weekly UJ Diamond that broke out to the top side? This may have been posted later on in the thread (if indeed a diamond), I'm still only on pg.45 of the thread. Also looks like 18.4 to me.
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"Wishful thinking dies hard." Igor T.
  • #5,678
  • Jun 7, 2010 4:40am Jun 7, 2010 4:40am
Quoting FxChi
Was this a Weekly UJ Diamond that broke out to the top side? This may have been posted later on in the thread (if indeed a diamond), I'm still only on pg.45 of the thread. Also looks like 18.4 to me.
Hi FXChi,

Looks like a diamond to me, unless someone can tell us otherwise. However, I would expect price on the breakout to usually reach a target equivalent to height of the diamond, ie, bottom of the diamond to the top. Price looks like it failed to reach the expected target after breakout, and is now forming a triangle by the looks of things. Anyway, you still got another 335+ pages to read
  • #5,679
  • Jun 7, 2010 6:19am Jun 7, 2010 6:19am
  •  FxChi
  • | Joined Dec 2007 | Status: Cash Rules Everything Around Me | 749 Posts
Thanks bud. Spent the weekend reviewing Igrok's book a 2nd time, and still working through the thread. Think I'll hold off posting anymore questions/set-ups as most likely its been posted already. Anyways looking forward to learning some more A+ set-ups from the continued posters in here and in case anyone wants it, I have the July '07 Currency Trader Magazine w/ Igrok's article. Not sure if I can attach it here, but shoot me a PM if anyone wants to check it out.
"Wishful thinking dies hard." Igor T.
  • #5,680
  • Jun 7, 2010 6:49am Jun 7, 2010 6:49am
Quoting FxChi
Was this a Weekly UJ Diamond that broke out to the top side? This may have been posted later on in the thread (if indeed a diamond), I'm still only on pg.45 of the thread. Also looks like 18.4 to me.
FxChi, first of all welcome to our little family. I will try and sort you out with the picture of diamond that you posted. You are right about every issue already discussed here but anyway. If you look at the right side of your diamond you will see that the inside move sequence is messed up, meaning it is not right. To be correct it has to bounce between borders in sequence like: up, down, up, down, up or vice versa. Take another look and tell me if you see what exactly I have in mind
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