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

  • #9,461
  • Sep 26, 2016 7:04am Sep 26, 2016 7:04am
Quoting Igrok
it seems this week is gonna be the last of the relatively calm markets... so far the yearly ranges on the swissy and eur/usd are about a half in size of their normal average...
I guess today is presidental debate in US--SU (coincidence)
  • #9,462
  • Edited 7:20am Sep 26, 2016 7:10am | Edited 7:20am
Quoting Dariusz
{quote} I guess today is presidental debate in US--SU (coincidence)
yeah... people in the country are now divided between the two pretty much like if it really matters somehow... i used to call them "Сlinbushes"... which is like choosing between coke and pepsi...
  • #9,463
  • Sep 26, 2016 3:44pm Sep 26, 2016 3:44pm
Looks like USDCAD is on its way to 1.3315
Value is nothing, Price is everything
  • #9,464
  • Edited 5:15pm Sep 26, 2016 4:46pm | Edited 5:15pm
Quoting Greg.Barabas
Looks like USDCAD is on its way to 1.3315
like always... to the most obvious target market goes via the most mysterious path...
so, you can short it there, then add to that basic position on the breakout of the 1.2880 level and liquidate eventually at 1.1300... quite an easy, obvious, stress-free, low risk and low maintenance trade... in between can also trade something else to entertain yourself and keep yourself busy...)))

do you remember this one?...:

Quoting Igrok
{quote} for now i would consider buying it on dips to target at least the first fibo level... let's say somewhere at 1.2980-90... the bulletproof stops for such a trade can only be placed below current month low at 1.2823, but perhaps some future price action might offer something more acceptable from the money management point of view...there is also a pretty good chance that we have already seen the entire trading range for this month on this pair... so it might stay within current ranges until the end of the month...
though it didn't get exactly to 1.2980-90 levels as 1.3000 was the low of that corrective move....
  • #9,465
  • Sep 26, 2016 8:02pm Sep 26, 2016 8:02pm
it seems gbpjpy has bottomed out finally... short-term target for the moment - 135.00... might take 3-6 trading days to get there... 1.3190-1.3200 is a projected likely top for today...
  • #9,466
  • Sep 27, 2016 1:18am Sep 27, 2016 1:18am
EURUSD also due to Breakout
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD 4hr.png Size: 87 KB
Value is nothing, Price is everything
  • #9,467
  • Sep 28, 2016 2:32am Sep 28, 2016 2:32am
WTI looks bullish and iH&S today informal OPEC and Russia talks.
Attached Image
  • #9,468
  • Sep 28, 2016 6:00am Sep 28, 2016 6:00am
Quoting Dariusz
WTI looks bullish and iH&S today informal OPEC and Russia talks. {image}
As no one can trust the OPEC members or any other official for that matter, I would say that they are cooking something and despite the whole discussion about not being able to find common ground etc they might surprise the market with some form of agreement and we might see oil popping minimum 3-4 USD. It will be an interesting short squeeze
"Bulls make money, bears make money, pigs get slaughtered"
  • #9,469
  • Sep 28, 2016 4:10pm Sep 28, 2016 4:10pm
Quoting manosk
{quote} As no one can trust the OPEC members or any other official for that matter, I would say that they are cooking something and despite the whole discussion about not being able to find common ground etc they might surprise the market with some form of agreement and we might see oil popping minimum 3-4 USD. It will be an interesting short squeeze
I did say it
"Bulls make money, bears make money, pigs get slaughtered"
  • #9,470
  • Sep 29, 2016 1:59am Sep 29, 2016 1:59am
USD/CHF H1

Attached Image (click to enlarge)
Click to Enlarge Name: usdchf-h1.png Size: 138 KB
  • #9,471
  • Sep 29, 2016 3:35am Sep 29, 2016 3:35am
Attached Image (click to enlarge)
Click to Enlarge Name: usdchf-h1.png Size: 135 KB
  • #9,472
  • Sep 29, 2016 3:46am Sep 29, 2016 3:46am
Quoting Alex III
{image}
Price stocked in range of 60 p. couple of days (7) certainly looking for break.
Long term is down, but intraday ... hmm it is difficult at the moment as all range was done already , wise is to wait for break and no trade , that is my idea
  • #9,473
  • Sep 29, 2016 5:54pm Sep 29, 2016 5:54pm
Quoting Alex III
USD/CHF H1 {image}
it indeed looks like a dual-diagonal diamond... however not reliable in this case for a couple of reasons... first, it's been formed inside of a side trend, which means there is no measured objective target whatsoever... second, it's on intraday short-term charts which makes it even more suspicious... i wouldn't trade on it at all...
  • #9,474
  • Edited 6:48pm Sep 29, 2016 5:57pm | Edited 6:48pm
Quoting Alex III
{image}
dual-diagonal diamonds usually make a breakout the direction which the "arrow" made by two largest diagonals points into... in this case it points down...
  • #9,475
  • Sep 30, 2016 4:28am Sep 30, 2016 4:28am
AUDUSD looks like stressfree trade
  • #9,476
  • Sep 30, 2016 7:03am Sep 30, 2016 7:03am
Quoting Igrok
{quote} dual-diagonal diamonds usually make a breakout the direction which the "arrow" made by two largest diagonals points into... in this case it points down...
Thanks for the info.

When you look for 18.4 IW/IM oppurtunities, how much of the range should haave been done or left to be willing to make a trade. My guess is between 35% to 55%?
  • #9,477
  • Sep 30, 2016 10:28am Sep 30, 2016 10:28am
Attached Image (click to enlarge)
Click to Enlarge Name: EURJPYH4.png Size: 44 KB
  • #9,478
  • Sep 30, 2016 1:36pm Sep 30, 2016 1:36pm
Quoting dlouw
{image}
like i mentioned in this thread lots of times - a real diamond cannot be attached to a side trend... it can only be at the top or the bottom...
  • #9,479
  • Sep 30, 2016 1:37pm Sep 30, 2016 1:37pm
USD funeral is scheduled for next week...
  • #9,480
  • Sep 30, 2016 1:48pm Sep 30, 2016 1:48pm
Quoting Igrok
{quote} like i mentioned in this thread lots of times - a real diamond cannot be attached to a side trend... it can only be at the top or the bottom...
Thank you. When I looked at the daily it looked like the lower portion of a down trend. After aggressively testing the third touch on the top and failing I am looking for it to drop and test the bottom, perhaps even the bottom of the range if it penetrates the lower. Am I to understand that the point of a diamond must be at the upper or lower extremity of a trend and I am chasing something other than a diamond?
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