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

  • #5,821
  • Jun 25, 2010 9:26am Jun 25, 2010 9:26am
Quoting Igrok
there is one that would look like the third book

OK So a third book now? That's great news, hehehe. Will you add a section on 'Surviving the new great depression'? A while back you posted a link for an interesting book written by an Argentinian guy. Do you still believe we are going to be facing deep problems?

Thanks for your replies today, much apreciated. Think I have much research to do now
  • #5,822
  • Edited 6:17pm Jun 25, 2010 9:43am | Edited 6:17pm
Quoting aediaz1
Seems like we had a perfect 18.3 on gbp/usd. You still trade those templates Igrok ?



Trade GBPUSD today. A template 18.3a in operation.
Thanks, Igrok!

P.S. for Igrok: Вы мой кумир Когда я торгую, я думаю о Вас. Интересно, торговали ли Вы сегодня?
Attached Image (click to enlarge)
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  • #5,823
  • Jun 25, 2010 9:44am Jun 25, 2010 9:44am
Quoting niteshift02
OK So a third book now? That's great news, hehehe. Will you add a section on 'Surviving the new great depression'? A while back you posted a link for an interesting book written by an Argentinian guy. Do you still believe we are going to be facing deep problems?

Thanks for your replies today, much apreciated. Think I have much research to do now
I would still choose ammo over gold.
  • #5,824
  • Jun 25, 2010 9:55am Jun 25, 2010 9:55am
Quoting Igrok
I would still choose ammo over gold.
So we are still scheduled for deep crapola? OK, a small handgun it is then, easier to conceal

Thanks for the survival advice Igrok. Peace and good trading guys, have a pleasent weekend.
  • #5,825
  • Edited 5:20pm Jun 25, 2010 3:58pm | Edited 5:20pm
Hi Mr Toshchakov,

I am getting a picture where short-mid term trend is crossing a possible descending channel. Today we got a third touch on that TL. Does this channel have any technical relevance to you? (green dotted one) The upper trend line connects Feb's high and Aprils high.

And if it in fact is a TL, the odds of a break are larger due to monthly main move being up and we have 32% to go until it's filled upwards? We are almost at months end. Is this assumption right? Or can we expect longer term down trend to go into play? I ask this, because on the other hand we have an Year MM down and only 12% to go that direction with roughly 6 months still to go.

Short term odds are favoring a break. Longer term odds are favoring a short position and more downtrend.

Just for the record: That TL has a confluence with an H4 MACD bullish target as well as resistance level @ 1.5052.

I was thinking a possible 19.6 short targeting 1.4644 supported by this TL, fulfilled MACD bull div, resistance, bearish h4 div and longer term trend being down? Am I approaching the subject in the right manner?

I know we are in a market that deals with uncertainty. However, we have to try and increase the odds in our favor as much as we can.

Best,

JP.
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  • #5,826
  • Edited 1:15am Jun 26, 2010 12:50am | Edited 1:15am
Hello Igrok,
Once you commented Bulkowski's Cup-with-Handle pattern. What can u say about Bump-and-Run patterns? Is it on eur/usd dailies now? why price is still growing despite of numerous debts left on the downside? Thank you.
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  • #5,827
  • Jun 26, 2010 1:09am Jun 26, 2010 1:09am
Quoting wolfraider
Hello Igrok,

Once you commented Thomas Bulkowski ""Cup with Handle"" pattern.
What can u say about these two?
There are lots of different patterns that can only be identified after they got fully formed and when it's already too late to benefit from that knowledge. For me this is an example of those useless ones. At least, personally, I just have no idea how to trade them. They seem meaningless to me and will stay this way unless, of course, Bulkowski or whoever else can produce some specific rules and definitive setups for trading such formations.
  • #5,828
  • Jun 27, 2010 8:04am Jun 27, 2010 8:04am
Hello Mr. Igrok,
If you have the time, cuokd you please post your opinion on GBP/USD?
Thanks
  • #5,829
  • Jun 27, 2010 11:05am Jun 27, 2010 11:05am
Igrok, could you answer, What is correlation for you, visual similarity or number similarity?
Thanks
  • #5,830
  • Jun 28, 2010 2:09am Jun 28, 2010 2:09am
Hi guys,

Would do you reckon, legit diamond, or hopeful fantasy?

Attached Image (click to enlarge)
Click to Enlarge Name: 28th possible diamond gbpchf.gif Size: 22 KB
  • #5,831
  • Jun 28, 2010 7:46am Jun 28, 2010 7:46am
Quoting wolfraider
Igrok, could you answer, What is correlation for you, visual similarity or number similarity?
Thanks

Visual.
  • #5,832
  • Jun 28, 2010 7:48am Jun 28, 2010 7:48am
Quoting marcb
Hello Mr. Igrok,
If you have the time, cuokd you please post your opinion on GBP/USD?
Thanks
An attempt back to above 1.5500 is likely near-term.
  • #5,833
  • Jun 29, 2010 12:48am Jun 29, 2010 12:48am
Quoting Igrok
An attempt back to above 1.5500 is likely near-term.
Hello Mr. Igrok,
I am learning hence I would like to know why it is likely in your oinion that GBPUSD is likely to go back to 1.55 in the near term.
Thanks!
  • #5,834
  • Jun 29, 2010 5:27am Jun 29, 2010 5:27am
Quoting niteshift02
Hi guys,

Would do you reckon, legit diamond, or hopeful fantasy?

Attachment
I have the same question and no answer so far. On h4 it looks like we still miss the top of the right side, so maybe a symmetrical upper border at 1.6543, hard to say. Igrok, could you sort us out?
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  • #5,835
  • Jun 29, 2010 5:58am Jun 29, 2010 5:58am
Quoting niteshift02
Hi guys,

Would do you reckon, legit diamond, or hopeful fantasy?

Attachment
Hi Mr. Nite,
if this is a diamond, do you expect GBPCHF to go up or down?
What would it be the target?
Thanks
  • #5,836
  • Jun 29, 2010 6:05am Jun 29, 2010 6:05am
Here's a few setups lately, some I traded too;
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Measure twice, cut once
  • #5,837
  • Jun 29, 2010 6:18am Jun 29, 2010 6:18am
Quoting aediaz1
Here's a few setups lately, some I traded too;
Good work!
  • #5,838
  • Jun 29, 2010 6:43am Jun 29, 2010 6:43am
Quoting aediaz1
Here's a few setups lately, some I traded too;

Good stuff, that's what I like to see. Good setups, healthy profits
  • #5,839
  • Jun 29, 2010 6:51am Jun 29, 2010 6:51am
Quoting marcb
Hi Mr. Nite,
if this is a diamond, do you expect GBPCHF to go up or down?
What would it be the target?
Thanks
Hi marcb,

Unfortunately that's what Belekas and I are trying to work out. We need to confirm it is indeed a legitimate diamond, so I can't tell you at this stage which way the price will move. However, assuming diamond is real, price should breakout to a target the same height as the diamond in question, just don't know which way at the moment.

Belekas - if indeed this is a diamond, we would class this as 'dual diaganal' right? How does price usually react at breakout. With single diagonal, price is usuaully expected to move the opposite way of the main diagonal, but I'm not sure about the dual.

Thanks
  • #5,840
  • Edited 7:10am Jun 29, 2010 7:00am | Edited 7:10am
Quoting niteshift02
Hi marcb,

Unfortunately that's what Belekas and I are trying to work out. We need to confirm it is indeed a legitimate diamond, so I can't tell you at this stage which way the price will move. However, assuming diamond is real, price should breakout to a target the same height as the diamond in question, just don't know which way at the moment.

Belekas - if indeed this is a diamond, we would class this as 'dual diaganal' right? How does price usually react at breakout. With single diagonal, price is usuaully expected to move the opposite...
Perhaps a dual-diagonal reversal diamond, but still I think we haven't seen the upper border yet if we are discussing not the "market noise" here. I might be wrong though so lets wait for for masters input.
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