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

  • #9,541
  • Oct 15, 2016 2:13am Oct 15, 2016 2:13am
Quoting belekas
{quote} AUD EOD charts. parallel bull channel suggest 0.8230s/50s if price seeks upper border in sync. a nice dip to load the wagon and form lower diamonds border would be ideal but ideal rarely happens and thus its taking too long so daily triangles which Ig posted before break to the upside imho looks very likely, then all the upside targets and probably more. keeping a close eye here {image} {image}
AUD daily.
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  • #9,542
  • Oct 16, 2016 7:23am Oct 16, 2016 7:23am
Quoting belekas
{quote} AUD daily. {image}
it's not a diamond... real diamond both left borders must be clear of all other market waves ( not crossing them)... it can't be built into a chart or "attached" to its side...
  • #9,543
  • Oct 16, 2016 7:28am Oct 16, 2016 7:28am
Quoting marcb
Hi Igrok, ho do you determine this level? the previous highs ? {quote}
there are three quite obvious key levels on the swissy... those three trendlines are the most important for the moment... all of them will be broken sooner or later but the sequence and timing is impossible to predict...
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  • #9,544
  • Oct 16, 2016 7:42am Oct 16, 2016 7:42am
Quoting marcb
Hi Igrok, how low do you think GBPUSD and GBPJPY can go? Thanks {quote}
in case I'm wrong on my sequence expectation for the major moves and (instead of targeting now 1.98 and 232 levels) both those pairs will in fact go further down then the possible targets are most likely to be located at around 0.95 and 65-66 levels... for this month a very important support on cable is located at 1.1750 level...
  • #9,545
  • Oct 16, 2016 8:49am Oct 16, 2016 8:49am
Quoting Igrok
{quote} it's not a diamond... real diamond both left borders must be clear of all other market waves ( not crossing them)... it can't be built into a chart or "attached" to its side...
ok that leaves us with the weekly triangle then you posted before
  • #9,546
  • Oct 16, 2016 10:21am Oct 16, 2016 10:21am
Quoting belekas
{quote} ok that leaves us with the weekly triangle then you posted before
nope... it's not a triangle either... the market is already too close to the point where the support and resistance are crossing and therefore the pattern can't be interpreted as a triangle... so, this is not actually a triangle in its TA sense...
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  • #9,547
  • Oct 16, 2016 10:28am Oct 16, 2016 10:28am
so, there are several different outcomes that might be developed in the near future out of this situation... the first one is that aud might develop a bearish flag like this...
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  • #9,548
  • Oct 16, 2016 10:33am Oct 16, 2016 10:33am
might look like this eventually...
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  • #9,549
  • Oct 16, 2016 10:38am Oct 16, 2016 10:38am
or... there might be a potential short covering similar to 2008 move... though shorter...
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  • #9,550
  • Edited 11:05am Oct 16, 2016 10:47am | Edited 11:05am
though obviously because of this very narrow ranges within the angle not much time has left till a very fast move in one or another direction takes place... same with the over-pressured swissy and other usd pairs... us election related events are likely to become the trigger for a huge spike... also from my perspective it's near impossible to expect anything good coming out of the upcoming us presidential elections regardless of the future winner's name... because Trump is a wild card nobody knows what to expect from, while in Hillary's case everyone knows well what to expect from her, which is more of the same old bs (only worse and faster) plus an imminent war with Russia... in any case it must be usd negative...
  • #9,551
  • Edited 3:14pm Oct 16, 2016 1:48pm | Edited 3:14pm
No gap on AUDUSD .76206 at the moment under R level . Price stock again , no clear direction . .76288 - .76072

22:14 .76286
  • #9,552
  • Oct 18, 2016 6:49am Oct 18, 2016 6:49am
Visualizing The size of U.S. Debt

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  • #9,553
  • Oct 23, 2016 1:55pm Oct 23, 2016 1:55pm
USDCAD, if not now, so when?
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Value is nothing, Price is everything
  • #9,554
  • Oct 23, 2016 4:17pm Oct 23, 2016 4:17pm
Quoting Greg.Barabas
USDCAD, if not now, so when? {image}
It may be first 1.3650 - 1.3750 then go down....
  • #9,555
  • Nov 2, 2016 5:57am Nov 2, 2016 5:57am
Hi Igrok, do you see the USdCHF starting to align with your analysis? Or is it still to early to determine ? I would like to thank you for your offerings on this forum as it does help, please continue to assist where you are able as your insights are valuable.
  • #9,556
  • Nov 9, 2016 9:21am Nov 9, 2016 9:21am
up until yesterday I used to think that the American society in general is brain dead hopelessly and only Dr. Kevorkian can now help our great nation... today it seems that this is not the case and there is still some hope... also very glad that we all have just narrowly escaped (or at least postpone) some certain nuclear war between US and Russia... congratulations... now we can relax and continue our trading business as usual...
  • #9,557
  • Nov 9, 2016 9:42am Nov 9, 2016 9:42am
Quoting Greg.Barabas
USDCAD, if not now, so when? {image}
still thinking about it but can't see any level with reliable stops... it might become a bearish flag eventually and in such case it might come to 1.37 first...
  • #9,558
  • Nov 9, 2016 12:33pm Nov 9, 2016 12:33pm
Hi Igrok,
now that the elections are over what is your view on GBPJPY and GBPUSD? is it time to buy or do you expect to go lower?
thanks!
Marc
Quoting Igrok
up until yesterday I used to think that the American society in general is brain dead hopelessly and only Dr. Kevorkian can now help our great nation... today it seems that this is not the case and there is still some hope... also very glad that we all have just narrowly escaped (or at least postpone) some certain nuclear war between US and Russia... congratulations... now we can relax and continue our trading business as usual...
  • #9,559
  • Nov 10, 2016 6:47am Nov 10, 2016 6:47am
Quoting marcb
Hi Igrok, now that the elections are over what is your view on GBPJPY and GBPUSD? is it time to buy or do you expect to go lower? thanks! Marc {quote}
from here I would expect cable to move a bit lower first... back to 1.2140 at least... the problem with trading now is that there is no definitive levels on most of the pairs which could be used as a basis for some longer-term trading positions in any direction... for example, there is an obvious triangle in progress on monthly eur/usd charts but since the price now is right on the middle of the formation it's impossible to establish any serious position in any direction... unfortunately we have to wait until the market comes to one of the borders to take the opposite stance.... meanwhile I can't see any other choice but to trade intraday or intraweek at best...
  • #9,560
  • Nov 15, 2016 1:56pm Nov 15, 2016 1:56pm
Quoting Igrok
{quote} from here I would expect cable to move a bit lower first... back to 1.2140 at least... the problem with trading now is that there is no definitive levels on most of the pairs which could be used as a basis for some longer-term trading positions in any direction... for example, there is an obvious triangle in progress on monthly eur/usd charts but since the price now is right on the middle of the formation it's impossible to establish any serious position in any direction... unfortunately we have to wait until the market comes to one of the...
Hi Igrok,
thank you for your reply.
How about USDCHF? It looks like it will test the higher trendline around 1.04 level...Do you agree?
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