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

  • #9,341
  • Sep 20, 2016 6:21am Sep 20, 2016 6:21am
also cross gbp/cad can be used as an additional clue and reference... breaking below 1.7130 (thus making new low of the month) is likely to lead all the way to 1.6700-80 targeted zone, which apparently would also have a negative impact on usd/cad regardless whether it's actually diamond or not.......
  • #9,342
  • Sep 20, 2016 7:58am Sep 20, 2016 7:58am
new low of the month on the gbp/cad... it now likely to target 1.6780 level... so, the usd/cad also looks a bit more like a diamond... have to see the low of this diagonal below current day's low to confirm it...
  • #9,343
  • Sep 20, 2016 11:42am Sep 20, 2016 11:42am
still the intraday range on usd/cad looks too short to me... below recent average... there is a good chance to see some extension down before the end of day...
  • #9,344
  • Sep 20, 2016 11:54am Sep 20, 2016 11:54am
Quoting Igrok
still the intraday range on usd/cad looks too short to me... below recent average... there is a good chance to see some extension down before the end of day...
Oil might also established a bottom today and continue UP move in the coming days; that should support CAD. But there is still that 1.3315
Attached Image (click to enlarge)
Click to Enlarge Name: OIL.png Size: 77 KB
Value is nothing, Price is everything
  • #9,345
  • Sep 20, 2016 12:08pm Sep 20, 2016 12:08pm
Looks like a comb ...

Try to keep it till TG

Attached Image
  • #9,346
  • Sep 20, 2016 3:10pm Sep 20, 2016 3:10pm
Hi Igrok,
How low do you think GBPJPY can go before restarting the uptrend to 200 levels?
Do you think it can go back to 116 levels?
Thanks
Marc
  • #9,347
  • Sep 20, 2016 7:14pm Sep 20, 2016 7:14pm
Quoting marcb
Hi Igrok, How low do you think GBPJPY can go before restarting the uptrend to 200 levels? Do you think it can go back to 116 levels? Thanks Marc
i think that the bottom of the current downtrend is already in place... i doubt very much that it will be able to take out July's low at 128.75... btw current low matches the one formed back in 1995...
  • #9,348
  • Sep 20, 2016 7:18pm Sep 20, 2016 7:18pm
Quoting Greg.Barabas
{quote} Oil might also established a bottom today and continue UP move in the coming days; that should support CAD. But there is still that 1.3315 {image}
usd/rub also didn't make a fibo correction though still looks quite bearish... rub and cad correlate a lot...
  • #9,349
  • Sep 20, 2016 7:19pm Sep 20, 2016 7:19pm
Quoting Dariusz
Looks like a comb ... Try to keep it till TG {image}
it might go now to 111.00 or even a bit lower than that...
  • #9,350
  • Sep 20, 2016 10:16pm Sep 20, 2016 10:16pm
Quoting Igrok
gbp/jpy can be used as a reference because for this pair 131.00 is a must... from there we can start cautiously buying...
this is it... we have seen the bottom on gbp/jpy...
  • #9,351
  • Sep 20, 2016 10:57pm Sep 20, 2016 10:57pm
It was BOJ annoumcment about negative intrest rates. Same story in EU.
Want to encourage ppl to put the money out from bank accounts. Cheap money for bussineses.
More money on the market .

AUDUSD looks bullish intraday from 0.75305 with TG above .76
  • #9,352
  • Sep 20, 2016 11:02pm Sep 20, 2016 11:02pm
Quoting Dariusz
It was BOJ annoumcment about negative intrest rates. Same story in EU. Want to encourage ppl to put the money out from bank accounts. Cheap money for bussineses. More money on the market . AUDUSD looks bullish intraday from 0.75305 with TG above .76
news come and go... TA remains the same...)))

in my opinion AUD is likely to come back to .7450 today or tomorrow...
  • #9,353
  • Sep 20, 2016 11:08pm Sep 20, 2016 11:08pm
yes , but need wise MM with high SL risk during the news. How you keep your position during weekends ? I close everything as from time to time weekend gaps are killing :-)
  • #9,354
  • Sep 20, 2016 11:58pm Sep 20, 2016 11:58pm
Quoting Dariusz
yes , but need wise MM with high SL risk during the news. How you keep your position during weekends ? I close everything as from time to time weekend gaps are killing :-)
since Monday i had a limit to close shorts and reverse gbp/jpy at 131.05... stops were out of reach at 128.75... though i was risking only with the profit i had just taken... today it worked ok... however sometimes i keep my positions open over weekends... mostly on crosses and not usd...
  • #9,355
  • Sep 21, 2016 12:13am Sep 21, 2016 12:13am
Quoting Igrok
{quote}since Monday i had a limit to close shorts and reverse gbp/jpy at 131.05... stops were out of reach at 128.75... though i was risking only with the profit i had just taken... today it worked ok... however sometimes i keep my positions open over weekends... mostly on crosses and not usd...

Building a diamond on GBPAUD with neckline around 1.7129 or will it go lower?
  • #9,356
  • Sep 21, 2016 12:42am Sep 21, 2016 12:42am
Quoting mymission
{quote} Building a diamond on GBPAUD with neckline around 1.7129 or will it go lower?
no diamond... but the bottom could be around here... the pair is set for a good rally back to 1.78 initially......
  • #9,357
  • Sep 21, 2016 1:05am Sep 21, 2016 1:05am
Quoting mymission
{quote} Building a diamond on GBPAUD with neckline around 1.7129 or will it go lower?
when i start planning my trading strategies i always first decide what i'm gonna do: buy or sell... then i start looking for a good and reliable level where i could place my stops for a future position... and only then i actually consider where i'm actually going to take a position itself... this is btw the answer to your question regarding risk acceptance and money management...i do not have those issues at all with such an approach to planning my trades because i know exactly everything in regards to this matter in advance...
  • #9,358
  • Sep 21, 2016 1:32am Sep 21, 2016 1:32am
Igrok do you have long vacation when you keep out form trading (to clear up your mind from charts) ?
  • #9,359
  • Sep 21, 2016 1:35am Sep 21, 2016 1:35am
it might make sense to to consider going long on the gbp/aud at around here in anticipation of a huge inverted h&s formation...
  • #9,360
  • Sep 21, 2016 1:36am Sep 21, 2016 1:36am
Quoting Dariusz
Igrok do you have long vacation when you keep out form trading (to clear up your mind from charts) ?
sometimes i take a vacation for a year or more... but usually for a few months spring time and beginning of summer... the market always most interesting starting from July or August and into the end of year...
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