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

  • #2,921
  • Feb 22, 2009 2:58am Feb 22, 2009 2:58am
That confirms it. Excellent!

What country are u in now? it's almost 5pm here in the Philippines. Maybe we can catch u again in another weekend to come. I appreciate your dropping by & answering my little query.

Now i can finally say that i "caught u in this thread live". thanks
  • #2,922
  • Feb 22, 2009 3:07am Feb 22, 2009 3:07am
Quoting supremeChaos
That confirms it. Excellent!

What country are u in now? it's almost 5pm here in the Philippines. Maybe we can catch u again in another weekend to come. I appreciate your dropping by & answering my little query.

Now i can finally say that i "caught u in this thread live". thanks
I live in LA, CA, USA. It's 1 a.m. in here. On weekdays I'm usually quite busy but on w/ends I might make a post or two.
  • #2,923
  • Feb 22, 2009 3:47am Feb 22, 2009 3:47am
Quoting Igrok
It's not done yet. The previous low at 7197.49 must be taken out first. Then two different scenarious are most probable.
#1. DOW makes a bounce back to around 10000 and then goes down to around 3500-3700 level.
#2. Dow goes straight to 3500-3700 levels from here.

On my opinion, the first scenario is more probable. However, the longer-term target at 3500-3700 is a must in any case. GBA.
Yes, i see what you mean. The low is still in place. My data is from 1987, and i guess you see something that i dont We have support at around 3500-3700? I see only one last ascending support at around 6800 ( TL connecting lows of 1987 and 1990), then nothing. Any clues?

Thank you for your time.
  • #2,924
  • Feb 22, 2009 4:48am Feb 22, 2009 4:48am
Quoting Igrok

On my opinion, the first scenario is more probable. However, the longer-term target at 3500-3700 is a must in any case. GBA.
A bit off theme, just as a matter of interest, does GBA = God Bless America?
I can't think of anything else at the moment.
  • #2,925
  • Feb 22, 2009 4:52am Feb 22, 2009 4:52am
Quoting HapaSasa
A bit off theme, just as a matter of interest, does GBA = God Bless America?
I can't think of anything else at the moment.
Yes.
  • #2,926
  • Feb 22, 2009 4:53am Feb 22, 2009 4:53am
On the EURUSD H4 and D1 chart there looks to me like a potential 19.6b sell trade.

I'm prepared to pay a few pips for this and certainly should find out early tomorrow.
  • #2,927
  • Feb 22, 2009 4:58am Feb 22, 2009 4:58am
Quoting belekas
Yes, i see what you mean. The low is still in place. My data is from 1987, and i guess you see something that i dont We have support at around 3500-3700? I see only one last ascending support at around 6800 ( TL connecting lows of 1987 and 1990), then nothing. Any clues?

Thank you for your time.
Technically 3500 target looks relatively concervative. In the worst case scenario the measured objective target for a potential huge H&S must be esimated as 00000 level eventually.
  • #2,928
  • Feb 22, 2009 5:11am Feb 22, 2009 5:11am
Quoting Igrok
Technically 3500 target looks relatively concervative. In the worst case scenario the meaured objective target for a potential huge H&S must be esimated as 00000 level eventually.
And if she bounced back now to around 10000 to build the RS (right shoulder), that would be nearly a textbook pattern with a perfect RS at 38.2% retrace. If so happens that 00000 looks more then possible indeed. That is scary Igrok,no? Still no clues about that 3500 level you mentioned.
  • #2,929
  • Feb 22, 2009 5:16am Feb 22, 2009 5:16am
Quoting belekas
And if she bounced back now to around 10000 to build the RS (right shoulder), that would be nearly a textbook pattern with a perfect RS at 38.2% retrace. If so happens that 00000 looks more then possible indeed. That is scary Igrok,no? Still no clues about that 3500 level you mentioned.
3500 is the target for potential broadening triangle.
  • #2,930
  • Edited 6:13am Feb 22, 2009 5:21am | Edited 6:13am
Quoting Igrok
3500 is the target for potential broadening triangle.
Aha. Just as i thought. Can you uncover its starting date? I think i need a new software as my history is not full, or the pattern has been broken already?

edit: sorry, i see what you mean now, but still a bit confused how you draw the lower TL. Can you post a chart? Thank you.
  • #2,931
  • Feb 22, 2009 7:18am Feb 22, 2009 7:18am
Quoting Igrok
It's not done yet. The previous low at 7197.49 must be taken out first. Then two different scenarious are most probable.
#1. DOW makes a bounce back to around 10000 and then goes down to around 3500-3700 level.
#2. Dow goes straight to 3500-3700 levels from here.

On my opinion, the first scenario is more probable. However, the longer-term target at 3500-3700 is a must in any case. GBA.
i have same projection on dow, however 3500-3700 would be the minimum damage.
  • #2,932
  • Feb 22, 2009 7:22am Feb 22, 2009 7:22am
Quoting pkimnyc
i have same projection on dow, however 3500-3700 would be the minimum damage.
Quoting Igrok
Technically 3500 target looks relatively concervative. In the worst case scenario the measured objective target for a potential huge H&S must be esimated as 00000 level eventually.
we seem to be on the same page.
  • #2,933
  • Feb 22, 2009 11:29am Feb 22, 2009 11:29am
I have something for you math-lovers;

123456789*8= 987654312 :nerd:

If someone failed to see the "pattern" here, I would make a large bet on that forex isn't something for you
Measure twice, cut once
  • #2,934
  • Edited 4:25pm Feb 22, 2009 3:34pm | Edited 4:25pm
Quoting mathematician
~~
Sorry for the long post. I couldn't help it.
Nice post, including this bit, "Actually, the very fact that people do use them is what makes them work. It's a self-fulfilling prophecy.", which not everyone wishes to recognise. Thank you for taking the time to make it.
Good Trading
  • #2,935
  • Feb 22, 2009 3:40pm Feb 22, 2009 3:40pm
Quoting Igrok
~~ GBA
That's very kind of you, or are you expecting to make a fortune out of their demise?
Good Trading
  • #2,936
  • Feb 22, 2009 4:21pm Feb 22, 2009 4:21pm
Quoting Money4Nothing
This looks interesting. I am mostly an inside bar breakout trader. This looks like a simple breakout trade technique. Is there a preferred chart period? I usually watch H1 for my inside bar trades.
You think the methods shown in here are so poor you needed to add 1h inside-bar (Harami) to it ?
Measure twice, cut once
  • #2,937
  • Feb 22, 2009 5:11pm Feb 22, 2009 5:11pm
Quoting aediaz1
You think the methods shown in here are so poor you needed to add 1h inside-bar (Harami) to it ?
I didn't make any negative comment about this method. How did you infer that? I don't know enough about this method to change it. I just stated that I am an inside bar trader.
TRO
  • #2,938
  • Feb 22, 2009 5:29pm Feb 22, 2009 5:29pm
Quoting Money4Nothing
I didn't make any negative comment about this method.
I know. I didn't say that. Why do you want to change something you don't even have enough knowledge about? Not only that but posting it in as an "additional method". Why?
Quoting Money4Nothing
I just stated that I am an inside bar trader.
Ok, I hope that's good for you You'll find few of them in here.
Measure twice, cut once
  • #2,939
  • Feb 22, 2009 5:37pm Feb 22, 2009 5:37pm
Quoting Money4Nothing
I didn't make any negative comment about this method. How did you infer that? I don't know enough about this method to change it. I just stated that I am an inside bar trader.

So what was the point of your post?

Just wondering, cause it doesn't seem obvious..

By the way nice trades guys, you really love your trandlines hey aediaz
  • #2,940
  • Feb 22, 2009 6:00pm Feb 22, 2009 6:00pm
Quoting Blackinc
So what was the point of your post?

Just wondering, cause it doesn't seem obvious..

By the way nice trades guys, you really love your trandlines hey aediaz
Good evenin'

Someone read Tim Geithner's "great plan" for how to rescue the US economy? My god, how will this end ?
Measure twice, cut once
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