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

  • #6,881
  • Aug 15, 2011 7:00pm Aug 15, 2011 7:00pm
Hi JP,
this is what I get with my broker data for GBPJPY daily, the lower trendline has been punched by few peeks on Aug 10 and Aug 11 and the price bounced up.
Do you think it will break the trendline and go below 2009 low ?
Take care
Marco

http://imageshack.us/photo/my-images/232/gbpjpy.jpg/



Quoting jupiter_peak
Maybe someone can help me out here.

I am getting a triangle on GJ weekly with a lower TL that extends from the low of 2009, the low of 2011 and on. I am getting a touch on weekly, however, no touch on daily. Main move is still up.

Needless to say what I am thinking on doing...

Can anyone one tell me if they have a touch or a break or something on that TL?
  • #6,882
  • Aug 15, 2011 7:25pm Aug 15, 2011 7:25pm
Quoting marcb
Hi JP,
this is what I get with my broker data for GBPJPY daily, the lower trendline has been punched by few peeks on Aug 10 and Aug 11 and the price bounced up.
Do you think it will break the trendline and go below 2009 low ?
Take care
Marco

http://imageshack.us/photo/my-images/232/gbpjpy.jpg/

This is what I see on daily and weekly.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: gbp_jpy_d_triangle_15_08_2011.jpg Size: 77 KB
Click to Enlarge Name: gbp_jpy_w_triangle_15_08_2011.jpg Size: 76 KB
  • #6,883
  • Aug 16, 2011 1:12pm Aug 16, 2011 1:12pm
Hi Mauro,
What do you think about GBPCHF?
I am going to short it simply because we are very close to August high hence I can put a very small stop loss ....

Thanks!
Marco
  • #6,884
  • Aug 16, 2011 1:16pm Aug 16, 2011 1:16pm
I think the difference in the charts is sunday bars.
Some brokers (like FXpro) have candles that coincide with the NYclose Asian open so they don't have an extra daily candle for Sundays and some brokers do and the extra bar every week distorts it so the line does not look the same as it does on the weekly chart.
  • #6,885
  • Aug 16, 2011 1:54pm Aug 16, 2011 1:54pm
Quoting marcb
Hi Mauro,
What do you think about GBPCHF?
I am going to short it simply because we are very close to August high hence I can put a very small stop loss ....

Thanks!
Marco
It's out of my ball game. We have surpassed monthly range by far as well as weekly. So, no trade, at least for me.
  • #6,886
  • Aug 17, 2011 3:36pm Aug 17, 2011 3:36pm
Took a hit on a KIWI 18.4 IW earlier.
However, the market could be kind enough as to provide a payback pretty soon. ;-)

Also, an 18.4 trade on silver. Most-likely will TP at end of day, but with some small profit nevertheless.

On the positive side thus far this week.
Attached Image (click to enlarge)
Click to Enlarge Name: nzd_usd_h1_tl_17_08_2011.jpg Size: 78 KB
  • #6,887
  • Aug 17, 2011 5:19pm Aug 17, 2011 5:19pm
Quoting jupiter_peak
Took a hit on a KIWI 18.4 IW earlier.
However, the market could be kind enough as to provide a payback pretty soon. ;-)

Also, an 18.4 trade on silver. Most-likely will TP at end of day, but with some small profit nevertheless.

On the positive side thus far this week.
Taking losses is a natural bi-product of trading we all encounter, my man.

Took a loss myself on eur/cad yesterday but gbp/usd have shown the same almost identical pattern each day since the start of the week, covering the losses.
Measure twice, cut once
  • #6,888
  • Aug 18, 2011 9:07am Aug 18, 2011 9:07am
Quoting aediaz1
Taking losses is a natural bi-product of trading we all encounter, my man.

Took a loss myself on eur/cad yesterday but gbp/usd have shown the same almost identical pattern each day since the start of the week, covering the losses.
Main move of the week already changed.

NZDUSD gave me back and some... Partial close at 84% ADR. Will let the rest run until 84% AWR.
  • #6,889
  • Aug 18, 2011 9:13am Aug 18, 2011 9:13am
Nice TL setup today on USDCAD.
Attached Image (click to enlarge)
Click to Enlarge Name: usdcad.png Size: 29 KB
Trading = a mirror to your human flaws. Fix them or be fixed.
  • #6,890
  • Aug 18, 2011 9:27am Aug 18, 2011 9:27am
Quoting soso
Nice TL setup today on USDCAD.
Very similar to Kiwi.

I love 20.6 when drawn on H1 comprised by daily high/lows. These happened exactly as described. Provided weekly trend change and therefore, AWR targets are in reach now.
  • #6,891
  • Aug 18, 2011 10:01am Aug 18, 2011 10:01am
Quoting aediaz1
Taking losses is a natural bi-product of trading we all encounter, my man.

Took a loss myself on eur/cad yesterday but gbp/usd have shown the same almost identical pattern each day since the start of the week, covering the losses.
One more day to add Seems like cable guys are working all week long by the same habits ))
  • #6,892
  • Aug 18, 2011 12:50pm Aug 18, 2011 12:50pm
Speaking of Cable, it seems like we are up for some 20.6 in cable as well. Once again, TL comprised solely by daily lows.

I am not going to jump on my horses now, but it seems that we could be forming a beautiful diamond formation in the Pound. I was expecting price to go a little higher as though to provide some more symmetry. Well, it could still happen.

Being patient. Patient.
Attached Image (click to enlarge)
Click to Enlarge Name: gbp_usd_h1_tl_20_6_18_08_2011.jpg Size: 66 KB
  • #6,893
  • Aug 18, 2011 1:04pm Aug 18, 2011 1:04pm
Quoting PutaMadre
One more day to add Seems like cable guys are working all week long by the same habits ))
Seems so This happen from time to time with different currencies. Igrok have a chapter about cycles in the book.

Quoting jupiter_peak
Speaking of Cable, it seems like we are up for some 20.6 in cable as well. Once again, TL comprised solely by daily lows.

I am not going to jump on my horses now, but it seems that we could be forming a beautiful diamond formation in the Pound. I was expecting price to go a little higher as though to provide some more symmetry. Well, it could still happen.

Being patient. Patient.
Something is up with the pound at least. Not sure if its been posted already but eur/gbp is forming a diamond and eur/usd nearer to change MMOTW.
Measure twice, cut once
  • #6,894
  • Aug 18, 2011 1:58pm Aug 18, 2011 1:58pm
Quoting aediaz1

Something is up with the pound at least. Not sure if its been posted already but eur/gbp is forming a diamond and eur/usd nearer to change MMOTW.
I don't know if this is what you mean http://www.forexfactory.com/showthread.php?p=4868097#post4868097

However, I can also draw just a broadening triangle on dailies...
  • #6,895
  • Aug 19, 2011 2:20am Aug 19, 2011 2:20am
EUR/GBP is forming a big triangle on mothly and has rising "kiss of death" trend line with three touchs
Attached Image (click to enlarge)
Click to Enlarge Name: eur-gbp.jpg Size: 126 KB
  • #6,896
  • Aug 19, 2011 3:54am Aug 19, 2011 3:54am
it's IM #18.4 with micro sl.... will see
  • #6,897
  • Aug 19, 2011 7:35am Aug 19, 2011 7:35am
Quoting jupiter_peak
I don't know if this is what you mean http://www.forexfactory.com/showthread.php?p=4868097#post4868097

However, I can also draw just a broadening triangle on dailies...
Yes, that's the one.

Looking at gbp/usd, it did repeat its pattern for the third time this week. Amazing.
Measure twice, cut once
  • #6,898
  • Aug 19, 2011 7:44am Aug 19, 2011 7:44am
Quoting aediaz1
Yes, that's the one.

Looking at gbp/usd, it did repeat its pattern for the third time this week. Amazing.
The same schedule again

As about the the famous pattern see an opportunity on CADCHF for it :nerd:
  • #6,899
  • Aug 19, 2011 8:43am Aug 19, 2011 8:43am
Quoting aediaz1
Yes, that's the one.

Looking at gbp/usd, it did repeat its pattern for the third time this week. Amazing.

I took a long @ symmetry on EURGBP.Sometimes it amazes me how these things work. Sometimes just the thought of a small SL with a great R:R is simply worth 'risking' it.

The Pound and Fiber also had great PA.

Attached is my thought on the Pound. Still a long shot though.
Attached Image (click to enlarge)
Click to Enlarge Name: gbp_usd_d_diamond_proj_15_08_2011.jpg Size: 76 KB
  • #6,900
  • Aug 19, 2011 11:08am Aug 19, 2011 11:08am
A killer #18.2 setup on swisey today, followed by flat surface later (similar to the one in the book example )
Attached Image (click to enlarge)
Click to Enlarge Name: Chart_USD_CHF_30 Mins_snapshot.png Size: 29 KB
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