Hi, looks very promising... lots of Fibo-Support... in combination with a Harmonic Pattern on TF H4... Hmm... will wait how it evolves... I might follow...

Auslanco - GBP/JPY and GBP/USD (newstrade)

BTW... 60 pips is exactly the distance from the daily range we are missing to reach 208.2 :-) (corrected !)

Auslanco - GBP/JPY and GBP/USD (newstrade)

FYI... GJ is still missing about 70-80 pips from its daily average range which normally is about 250 pips / day. => medium probability that we will get a little bit more price action in the last hours of the trading day... let's see in which ...

Auslanco - GBP/JPY and GBP/USD (newstrade)

In prefer going North... Reasons: * Pitchfork North-Channel... and we are currently at the right side of it. IMHO perfect entry point as you can use very tight stop loss... * The retracement from 207.7 was a necessary 50% retracement after the fast ...

Auslanco - GBP/JPY and GBP/USD (newstrade)

BTW... the original download site can be found here: url ... just to be sure to have always the latest version...

Cable Update (GBPUSD)

Hmm... not sure whether this helps.... might be a complicated Diamond Reversal Pattern... but... I am still in learning phase... i.e. any comments are welcome ! btw... it's on 5 min TF.... i.e. just interesting right now...

AUD/USD

EUR/USD looks great! Guess I will print it out and put it on a wall... fascinating. Could you take a look at the following formation in AUD/USD.... any opinion on that? Might be a reversal pattern.... btw... it's on 5 min TF... i.e. just interesting ...

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

If Dow Jones follows the channel the way I would suggest :-) we should go UP now a lot with GBP/JPY!!!!

Auslanco - GBP/JPY and GBP/USD (newstrade)

207.3 is resistance from last down move... guess we will now first go down to 206 again before we resume Up...

Auslanco - GBP/JPY and GBP/USD (newstrade)

Igrok, BentRod, thanks a lot for clarifying that... now I understand. Have a nice weekend!

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

Maybe I am to simple minded.. but... I can't see that symmetry on the chart. Could you please post the chart + drawn symmetry line to make me understand?! Or... give me two points to draw the symmetry line? Sorry - really tried to find it... Thanks ...

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

Hi, any reason for your thought? Missing price action to break this important level? For me looks still going down... hmm... I would think of going down to 209 - bounce up to 209.5 again, and then follow the M15 channel down.

Auslanco - GBP/JPY and GBP/USD (newstrade)

GBP / CHF - Broadening Wedge Breakout — Would you consider the following chart formation a valid trade setup if breakout of consolidation rectangle occurs to the south? History: Falling wedge has been broken down what gives a price target of ...

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

Guess meanwhile I understand... Target of a Down-Breakout of an upside inverted wedge is always the bottom at the beginning of this inverted wedge. As the important up-trendline is before this bottom, this is the target (exactly the target specified ...

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

Thanks, i.e. the target is the long term uptrend... what I am not sure about: how do we "know" that 1.47 will be broken? From technical analysis point of view - wouldn't a reversal @ 1.47 up to > 1.5 be equally probable as a break of the wedge down ...

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

Sorry for spamming your thread - but... another question/idea regarding average daily ranges where I currently use the last 25 days for calculation. a) do you think using 25 days is appropriate? b) would it make sense to change the calculation to ...

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

BTW... because of the correlation between USD/CHF and EUR/USD and the EUR/USD pattern shown in this post the assumptions made for USD/CHF become more probably in my opinion. EUR/USD might go down pretty soon... and USD/CHF might go up... hmm... lets ...

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

Wow... have to learn a lot... very very impressive! What would be interesting to me and maybe you can answer somehow. In this case - do you solely rely on the diamond + trend lines itself or do you also add other "tools" like harmonic patterns, ...

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

Completely ignoring my current (personal) USD sentiment I would interpret the situation in USDCHF as very good opportunity to enter long (no call - just for discussion of interpretation !!!). Reasons I could figure out * Diamond with diagonal ...

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

Is there a reason drawing the USD/CHF diamond the way you did it and I should take care of in the future ? Another possible drawing (the way I had it) would be the attached one - breakout already happened in this scenario....

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