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

  • #3,021
  • Mar 3, 2009 9:10pm Mar 3, 2009 9:10pm
Quoting belekas
I wonder what technical clue you have at 180?
For reasons similar to this case: http://www.forexfactory.com/news.php?do=news&id=111720#post2577556
  • #3,022
  • Mar 3, 2009 9:45pm Mar 3, 2009 9:45pm
Quoting Igrok
For reasons similar to this case: http://www.forexfactory.com/news.php?do=news&id=111720#post2577556

You probably don't care that much, but it must have been quietly satisfying to post that last comment to the news article
  • #3,023
  • Mar 4, 2009 1:14am Mar 4, 2009 1:14am
Quoting Igrok
For reasons similar to this case: http://www.forexfactory.com/news.php?do=news&id=111720#post2577556
Nice one mate.
  • #3,024
  • Mar 4, 2009 2:30am Mar 4, 2009 2:30am
Sweet GBP/JPY breakout
Attached Image (click to enlarge)
Click to Enlarge Name: gbp_jpy_h1_tlretest_030309-1.jpg Size: 108 KB
  • #3,025
  • Mar 4, 2009 3:08am Mar 4, 2009 3:08am
Quoting Igrok
For reasons similar to this case: http://www.forexfactory.com/news.php?do=news&id=111720#post2577556
Hi Igrok,
would you post an analysis for Dow index describing the tehcnical reasons for your claim?
Thank you for any time you can allocate to this request

Marc
  • #3,026
  • Mar 4, 2009 4:58am Mar 4, 2009 4:58am
belekas,
at what price were u in on gj's breakout? Nice trade



Quote
Technically it looks that the DOW will bottom out in about 2010-11 at around 5600-6000 while 7000 is a "must reach" level.

Igrok,
excellent, & ahead of the target timeframe. if Dow hit your must reach level 1-2yrs earlier, what then will happen 'til 2011? Dow 1000-3000??!
  • #3,027
  • Mar 4, 2009 2:33pm Mar 4, 2009 2:33pm
Quoting marcb
Hi Igrok,
would you post an analysis for Dow index describing the tehcnical reasons for your claim?
Thank you for any time you can allocate to this request

Marc

There were plenty of reasons. Actually, to me it became obvious in the first wee of 2008 when DJIA made a break out of single-diagonaled diamond on the top. The rest was even easier since there was a bearish divergence on monthly pointing below the previous low made in 2002. There're, of course, some other reasons, but since they're not in line with classic TA, I'm not going to waste my time explaining something no one can understand or confirm.
  • #3,028
  • Mar 4, 2009 2:38pm Mar 4, 2009 2:38pm
Quoting supremeChaos
Igrok,
excellent, & ahead of the target timeframe. if Dow hit your must reach level 1-2yrs earlier, what then will happen 'til 2011? Dow 1000-3000??
The levels of 1994 at around 3500-3700 look quite reasonable as potential bottom. I hope it will go there straight from here, slowly but surely. In case the market first makes a bounce back to 10K-11K level then it might look even worse, cause in this case the next MOT will point at zero, which would mean a complete disaster for everyone.
  • #3,029
  • Mar 5, 2009 1:38am Mar 5, 2009 1:38am
Quoting Igrok
The levels of 1994 at around 3500-3700 look quite reasonable as potential bottom. I hope it will go there straight from here, slowly but surely. In case the market first makes a bounce back to 10K-11K level then it might look even worse, cause in this case the next MOT will point at zero, which would mean a complete disaster for everyone.
Thank you for the reply.
Do you feel comfortable to make a judgment of levels the dow might reach between now and the potential bottoms?
For example yesterday it tried to recoup 7000 and failed...
do you think it will go again above 7000 before crashing?
  • #3,030
  • Mar 5, 2009 2:52am Mar 5, 2009 2:52am
Quoting marcb
Thank you for the reply.
Do you feel comfortable to make a judgment of levels the dow might reach between now and the potential bottoms?
For example yesterday it tried to recoup 7000 and failed...
do you think it will go again above 7000 before crashing?

From now on 7000 level doesn't have any technical significance. The market can move freely both ways above and below this figure. I also don't think that there will be a "crash" in the stock market. It should rather look like a steady decline with bounces and retracements.
  • #3,031
  • Mar 5, 2009 3:03am Mar 5, 2009 3:03am
Quoting Igrok
Just got an e-mail from the editor. The article will appear in March issue.
The March issue is now available (http://www.currencytradermag.com/) , unfortunately, there's no article.
  • #3,032
  • Mar 5, 2009 3:15am Mar 5, 2009 3:15am
Quoting AlexPL
The March issue is now available (http://www.currencytradermag.com/) , unfortunately, there's no article.
Sorry, I have withdrawn it from publication. Didn't like the edited version. Also there were too many demands from the editor regarding the issues every trader must know and remember as his own name. I had to explain so much that it could've been much easier for me to write another book. I don't mind sharing an idea or two but am not in the mood for writing manuals.
  • #3,033
  • Mar 5, 2009 3:16am Mar 5, 2009 3:16am
Quoting Igrok
Sorry, I have withdrawn it from publication. Didn't like the edited version. Also there were too many demands from the editor regarding the issues every trader must know and remember as his own name. I had to explain so much that it could've been much easier for me to write another book. I don't mind sharing an idea or two but am not ready for writing manuals.
What an useless magazine! What, so your throwing it in the garbage now?
Measure twice, cut once
  • #3,034
  • Mar 5, 2009 3:24am Mar 5, 2009 3:24am
Quoting aediaz1
What an useless magazine! What, so your throwing it in the garbage now?

Nothing to worry about. I have already posted every idea of that article in this very thread.
  • #3,035
  • Mar 5, 2009 3:31am Mar 5, 2009 3:31am
Quoting Igrok
Nothing to worry about. I have already posted every idea of that article in this very thread.
Oh, no worries then
Measure twice, cut once
  • #3,036
  • Mar 5, 2009 3:45am Mar 5, 2009 3:45am
Quoting Igrok
Nothing to worry about. I have already posted every idea of that article in this very thread.
Would you please post your analysis on the Dow Jones with a graph explaining what it could do in the short and long term.
I know it's a lot to ask but I really would like to understand.

Thank you for any time you can put on this!
  • #3,037
  • Mar 5, 2009 3:56am Mar 5, 2009 3:56am
Quoting marcb
Would you please post your analysis on the Dow Jones with a graph explaining what it could do in the short and long term.
I know it's a lot to ask but I really would like to understand.

Thank you for any time you can put on this!

I don't do such analysis as I'm not interested in the stock market. That one was just "one-glance" opinion.
  • #3,038
  • Mar 5, 2009 9:08pm Mar 5, 2009 9:08pm
Hi Igrok,

Long time no see. Been VERY busy with my main business.

Haven't traded for a while. So I am second guessing my eyes and my imagination.

I am trading these beasts (Daily and H1) at market prices.

I am skeptical as the " diamond" in H1 has a taller right shoulder. Is this distinctive as to H&S? Or is not a diamond at all?

Best to all,

JP.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: usd_chf_h1_05_03_2009_potential_diamond.gif Size: 29 KB
Click to Enlarge Name: usd_chf_d1_05_03_2009_potential_diamond.gif Size: 26 KB
  • #3,039
  • Mar 5, 2009 9:08pm Mar 5, 2009 9:08pm
Quoting Igrok
Nothing to worry about. I have already posted every idea of that article in this very thread.
Would have made for good reference material with points in order and context to facilitate studying. I was looking forward to it, sorry it did not eventuate as it would have also given you some much deserved recognition.
Good Trading
  • #3,040
  • Mar 5, 2009 11:39pm Mar 5, 2009 11:39pm
there is no "base" for a bottom yet (light blue). in order to get a base, either DJI goes up quickly and "penetrates" briefly the red line, either it takes quite a while for red line to come down (in this case price moves down further) and track behind the price movement (projected dark lines in the gray rectangle), then penetration occurs, and a base starts.
Attached Image (click to enlarge)
Click to Enlarge Name: dji_w.gif Size: 19 KB
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