Formations like triangles usually break 2/3 - 3/4 of its total life time. I say this because JJ Murphys book states it and Igrok agrees with this idea. url So looking at this triangle, it looks to me it's about to head down. Also price did not ...

Technical Analysis; S/R, Trendlines, MA's, Useful Indicators and Price-patterns

Cable — I have plenty of reasons to believe cable will fall even more... Perhaps towards the mid 1.5s to 1.6. Therefore, at least GJ should go down as expected too. I would say cable will be going down too. See the chart below... JP.

Technical Analysis; S/R, Trendlines, MA's, Useful Indicators and Price-patterns

Aussie — I am starting to like this... We could be observing a HUGE diamond on Aussie. Looks like price is headed down for good. Check it out... JP.

Technical Analysis; S/R, Trendlines, MA's, Useful Indicators and Price-patterns

GJ — Hi Aediaz, Here's another clean one: GJ is inside a desc. Channel from 1978... wow, I was just a little kid, actually a baby!! Now, we also have a triangle that looks to me is ready to break down. I don't have the space on my ...

Technical Analysis; S/R, Trendlines, MA's, Useful Indicators and Price-patterns

Yes, Igrok refers to them in his book as a formation he really dislikes. Also, by measuring the double tops we can have a potential target of ~138.75. And if so, if we indeed reach that level, I would risk and say we could go lower reaching a 100% ...

Technical Analysis; S/R, Trendlines, MA's, Useful Indicators and Price-patterns

EJ broadening Formation — Hi Aediaz, I spotted this broadening formation on EJ weekly. It seems to me that we need a close below the 1% value that would be the 151.48 level. However we have the low of 2007 that could somehow work as a support. ...

Technical Analysis; S/R, Trendlines, MA's, Useful Indicators and Price-patterns

GBPCHF — Looks like price is channeling down on monthly. Also inside a triangle that looks as if it's ready to break. Remember that these formations usually break anywhere from 2/3 to 3/4 its actual life time. With cable going down and swissy ...

Technical Analysis; S/R, Trendlines, MA's, Useful Indicators and Price-patterns

USDCAD — Hi there Aediaz, Although I see the USD stregthening (OIL and USDx), I also observe a double tops on daily for USDCAD. Maybe it will go down a little before it heads up? I also see a treandline that wasn't broken on monthly. Check ...

Technical Analysis; S/R, Trendlines, MA's, Useful Indicators and Price-patterns

EJ — Hi there folks, I see EJ inside a broadening triangle on weekly. Looks to me that the uptrend line/channel was broken. Well, price is rechecking the broken TL. Also, this broadening triangle looks as if it's about to break. Lets see what ...

Technical Analysis; S/R, Trendlines, MA's, Useful Indicators and Price-patterns

Yes. Where u from? Best, JP.

Technical Analysis; S/R, Trendlines, MA's, Useful Indicators and Price-patterns

Brazilian ?? — Hi Mauricio, R u Brazilian? Well, welcome to the thread!! May I suggest that you clean up your MT4 template so you and we can "observe" your charts better? I would suggest Aediaz1 template. Very good for the eyes. Anyway, be ...

Technical Analysis; S/R, Trendlines, MA's, Useful Indicators and Price-patterns

USDCHF diamond — Hello Mr Toshchakov, It's me again... The spotted divergence on monthly indicates price is going up. No doubt. Initial target would be 1.3237. Apart from that I might be observing a divergence, Do the lines in green form a ...

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

Kiwi — Hi folks, Kiwi is about to break a very significant trendline. I see a divergence on monthly targeting 0.5926. So, this could be one heck of a pip round too. Keep ur eyes open... Cheers, JP.

Technical Analysis; S/R, Trendlines, MA's, Useful Indicators and Price-patterns

Aussie — Looks as if our prayers have been answered and Aussie is headed down again. Coincidence or not, initial divergence target was reached and also coincidence or not, Fib 38.2 was "holding" price around the 0.8504 area. This level has ...

Technical Analysis; S/R, Trendlines, MA's, Useful Indicators and Price-patterns

True — Agreed Mr Toshchakov!! 100% true. Although I am fairly young, nothing in my life came easy. Neither will trading. This is just another "hurt" that makes me come back to your thread and ask those "stupid" questions over and over again... ...

Technical Analysis; S/R, Trendlines, MA's, Useful Indicators and Price-patterns

USDx — Hello Mr. Toshchakov, You have repreatedly mentioned USDx here at your thread. Since than,I have tried to keep up with it. Not very easy to find a reliable feed for it, but I have arrenged to geto one. That being said, I have a few ...

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

Geppy — Continuing to contribute.... As mentioned on the earlier post, trading this H&S on Geppy weekly would have been very profitable. For those who were able to spot it and trade it. I didn't have enough knowledge by than to trade it. I am ...

Technical Analysis; S/R, Trendlines, MA's, Useful Indicators and Price-patterns

Yes for shure. — Yes. 100% agreed upon. No doubt. Although I am far from being a "reliable" trader, I invest much of my time on studying, testing and doinf research. Sometimes it even "hurts" to get answers like when you try to extract ...

Technical Analysis; S/R, Trendlines, MA's, Useful Indicators and Price-patterns

Congratulations!! — Hi My friend, Congratulations for the new thread!! This is the way to go!! I see you took the very best from the books you firmly believe in and after experiencing, doing research on these very interesting topics you came ...

Technical Analysis; S/R, Trendlines, MA's, Useful Indicators and Price-patterns

I didn't say you were uneducated. By saying that I don't mean you don't have a family education os that you are unpolite. This is none of my business and it would be very inapropriate posting something like this here @ FF. So my apologies if it ...

Drawing correct resistance and support-lines