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

  • #961
  • Apr 4, 2008 3:44am Apr 4, 2008 3:44am
Quoting scexglobal
Yes, you may not need to be a genius, but you still need a reason. So far you haven't given one. How do "these particular trading levels" prevent the USD from continuing to weaken? And how can "everyone predict a USD major reversal". So this means that you don't need experts? This makes no sense.
Me? No, certainly I don't need any "experts" doing any fortunetelling job for me cause I'm pretty good in this business myself. And I have enough reasons to suspect that the current trend is coming to an end rather sooner, or, at least, is about to make a decent correction. If you make your own home study and find monthly RSI being above 84.00 at any time in history on any particular currency pair, you might find it quite enlightening to see what usually happens next. And this is only one reason among a bunch of others, some of which are not so obvious to everyone as the one I have just mentioned above.
  • #962
  • Edited 8:13am Apr 5, 2008 8:03am | Edited 8:13am
Quoting Igrok
Me? No, certainly I don't need any "experts" doing any fortunetelling job for me cause I'm pretty good in this business myself. And I have enough reasons to suspect that the current trend is coming to an end rather sooner, or, at least, is about to make a decent correction. If you make your own home study and find monthly RSI being above 84.00 at any time in history on any particular currency pair, you might find it quite enlightening to see what usually happens next. And this is only one reason among a bunch of others, some of which are not so obvious to everyone as the one I have just mentioned above.

1) There is a huge difference between a retracement and a 10 year trend coming to an end.

2) Monthly stochastics have been +80 (oversold) on the EUR/USD since 2006, so what?

We keep hearing how you praise yourself.... Give us some other reasons. I think we would all like to hear them (even those that are less obvious to us).

Sorry to question the zen master.
  • #963
  • Apr 5, 2008 11:53am Apr 5, 2008 11:53am
Quoting scexglobal
1) There is a huge difference between a retracement and a 10 year trend coming to an end.

2) Monthly stochastics have been +80 (oversold) on the EUR/USD since 2006, so what?

We keep hearing how you praise yourself.... Give us some other reasons. I think we would all like to hear them (even those that are less obvious to us).

Sorry to question the zen master.
First, I didin't say nothing about stochastics but in my previous post was talking about RSI only. Those indicators are quite different and must be used differently as well.
Second, I never argue with other traders about market matters but rather prefer to share my personal opinion with them. Everyone can either take it or leave it.
Third, on my experience idiots like you, who do not respect colleagues, for some reason don't usually last long in this business. Have already seen tenth of this sort and all quite quickly vanish from professional forums without a trace. I suggest you better get out of my thread and never look back.
  • #964
  • Apr 5, 2008 1:15pm Apr 5, 2008 1:15pm
Quote
First, I didin't say nothing about stochastics about stochastics but in my previous post was talking about RSI only. Those indicators are quite different and must be used differently as well.


Both RSI and Stochastics are technical occilators that can easily fail.
My point was that the EUR/USD has been oversold since 2006. 2 years later the original trend is still continuing. You mentioned that there are other reasons why the EUR/USD is ready for a major shift without mentioning what they are. RSI alone does nothing.

Quote
Second, I never argue with other traders about market matters but rather prefer to share my personal opinion with them. Everyone can either take it or leave it.

In that case, I'll leave it.

This attitude is typical of people who don't want to open themselves up to criticism. Your aggressive response can only be interpreted as a defensive mechanism designed to hide your ignorance.

Btw, sharing one's personal opinion and arguing can be one and the same thing... I don't see the grand distinction.

Quote
Third, on (you mean in?) my experience idiots like you, who do not respect colleagues, for some reason don't usually last long in this business. Have already seen tenth (?) of this sort and all quite quickly vanish from professional forums without a trace. I suggest you better get out of my thread and never look back.

Ah, was it the zen master comment that got you all pissed off?

As far as respect goes, take your own advice. I did not disrespect you, I merely challenged you. Since you are a person who is not used to being challenged (typical for most gurus), you interpreted my message as being disrespectful. Btw, you don't own this site, so I'll stick around this thread as long as I like.

Let me sum it up for you nice and simply: I think you are a bit of a fraud.

Funny how very quickly you moved from discussing ideas to discussing people. Smart women that Eleanor Roosevelt.

Have a great day!
  • #965
  • Apr 5, 2008 3:06pm Apr 5, 2008 3:06pm
My dear "challenger", you already made me sick and tired by writing some BS in my PM. If you have problems trading or understanding the market, I have nothing to do with that. In case you don't know the difference between the two of the most common oscillators it's also not my problem. If you see any market situation differently than I do, it's quite normal and this is how the money in this business are supposed to be made. I also don't feel obligated to prove something to anyone here or anywhere else. And you talking about this stupid "guru" and "fraud" stuff then you have to be out of your mind, cause I'm not offering my views and opinios for sale. Fraud in what? And who are my victims? You? Anyone else?
So, the bottom line is that I absolutely agree with you on just one point: you better "leave it" and mind your own business. I'm quite sure that in case you survive for long enough, you'll change your judgement about a lot of market related issues over time. Your next posts and PM messages will be ignored. Have a nice life.
  • #966
  • Apr 5, 2008 3:41pm Apr 5, 2008 3:41pm
Quoting Igrok
My dear "challenger", you already made me sick and tired by writing some BS in my PM. If you have problems trading or understanding the market, I have nothing to do with that. In case you don't know the difference between the two of the most common oscillators it's also not my problem. If you see any market situation differently than I do, it's quite normal and this is how the money in this business are supposed to be made. I also don't feel obligated to prove something to anyone here or anywhere else. And you talking about this stupid "guru" and "fraud" stuff then you have to be out of your mind, cause I'm not offering my views and opinios for sale. Fraud in what? And who are my victims? You? Anyone else?
So, the bottom line is that I absolutely agree with you on just one point: you better "leave it" and mind your own business. I'm quite sure that in case you survive for long enough, you'll change your judgement about a lot of market related issues over time. Your next posts and PM messages will be ignored. Have a nice life.
My Dear Igrok,

Funny you should speak of BS, your posts are full of it. Points is that as long as people refer to you as 'master' Igrok, everything is fine. But if anybody says otherwise, holy hell breaks loose.

Btw, you must think you are very clever. The concept of fraud doesn't just apply to situations were money is exchanged.

You have a bloated opinion of yourself and have made some very foolish remarks about the forex as a result.

I'm sure there are others here who are willing to not ignore my posts and find out what you are really doing here.

I rest my case.
  • #967
  • Edited 4:16pm Apr 5, 2008 3:43pm | Edited 4:16pm
Here is an interesting picture on the EUR/CHF cross daily chart . As we can see, there was a clear bullish divergence between the actuall chart and the MACD histogram ponting at the high of the previous month at 1.5878 (two magenta lines indicate the divergence). This target has been finally reached on Friday. On the last Friday the market also touched and then bounced off of the green trendline suggesting taking a short position with a medium-term target being most likely located at least at 1.5574 level as an unfilled gap is still sitting down there (indicated by the red horizontal line). The stops for such a trade could either be placed above the green trendline or above the Friday's top, considering that it was an outside bar formed that day.
Attached Image (click to enlarge)
Click to Enlarge Name: Daily EURCHF A0-FX, MACD (EURCHF A0-FX, 12, 26, 9).jpg Size: 118 KB
  • #968
  • Apr 5, 2008 3:45pm Apr 5, 2008 3:45pm
Quoting scexglobal

I rest my case.
RIP
  • #969
  • Apr 5, 2008 3:53pm Apr 5, 2008 3:53pm
Quoting Igrok
RIP
What like this thread?
  • #970
  • Apr 5, 2008 4:33pm Apr 5, 2008 4:33pm
Quoting scexglobal
What like this thread?
At first i thought you might be open to reasoning. But in the end its pretty obvious that you can't be much older than 17.

If you've got time to PM and post in a thread some pointless accusations and personal attacks on someone you don't even know, then you need to get a life.

Your a waste of oxygen. Go annoy someone else.
  • #971
  • Apr 5, 2008 4:38pm Apr 5, 2008 4:38pm
Agreed.

Your attitude is not wanted here Scex.

This thread is for people who have bought Igrok's book and want to learn more of his methodology.
Personally I think we are lucky to be able to ask the Author questions!
  • #972
  • Edited 5:27pm Apr 5, 2008 5:07pm | Edited 5:27pm
This was so predictable... Enter the "Igork can do no wrong" minions! If you want to follow him into his diamond formation grave, be my guest. You have been warned. This conversation is over.
  • #973
  • Apr 5, 2008 6:01pm Apr 5, 2008 6:01pm
Quote
This conversation is over.

We can only hope.
  • #974
  • Apr 7, 2008 1:38am Apr 7, 2008 1:38am
19.10 on NZDUSD hourly chart inside of a larger potential 19.9 on the dailies.
  • #975
  • Apr 7, 2008 4:19am Apr 7, 2008 4:19am
Long now after reverse stops triggered.

I can probably look past the average daily range target now that I am with the main move of the month/year.
  • #976
  • Apr 7, 2008 3:43pm Apr 7, 2008 3:43pm
Quoting Igrok
Here is an interesting picture on the EUR/CHF cross daily chart . As we can see, there was a clear bullish divergence between the actuall chart and the MACD histogram ponting at the high of the previous month at 1.5878 (two magenta lines indicate the divergence). This target has been finally reached on Friday. On the last Friday the market also touched and then bounced off of the green trendline suggesting taking a short position with a medium-term target being most likely located at least at 1.5574 level as an unfilled gap is still sitting down there (indicated by the red horizontal line). The stops for such a trade could either be placed above the green trendline or above the Friday's top, considering that it was an outside bar formed that day.
Dear Igrok,

I think this kind of post is wonderful for the readers of your book.
It is like watching your ideas and the market dancing.
Please send us more and more.

Best regards
  • #977
  • Apr 8, 2008 12:51am Apr 8, 2008 12:51am
Another potential diamond on USD/CHF hourly chart.
Attached Image (click to enlarge)
Click to Enlarge Name: 60 min. CHF A0-FX.jpg Size: 98 KB
  • #978
  • Apr 8, 2008 1:03am Apr 8, 2008 1:03am
Yes I noticed that also, finally I got one right.

There is a small formation on GBP/JPY hourly also but I don't think it is quite right?
  • #979
  • Apr 8, 2008 10:36am Apr 8, 2008 10:36am
The diamond is complete now. The break is more likely to be on the upside in the direction oppposite to the direction of the main diagonal.
Attached Image (click to enlarge)
Click to Enlarge Name: 60 min. CHF A0-FX.jpg Size: 106 KB
  • #980
  • Apr 8, 2008 10:40pm Apr 8, 2008 10:40pm
Great stuff.

That one was text book!
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