Igrok Method. Q's & A's. Comments, thoughts and ideas | Page 239 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

ECN && STP && Scalping && Hedging - Broker Review - Oct 2009 24 replies

Trading technical analysis system based on Igrok method 137 replies

Forex Ideas & Comments 18 replies

The IGROK files - Adventures of a rookie using the Igrok method 416 replies

Fibonacci thoughts & ideas.... 13 replies

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

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

  • #4,761
  • Feb 2, 2010 1:19pm Feb 2, 2010 1:19pm
Quoting Igrok
The most significant event of the current week is the fact that cable has changed the direction of the year for the second time thus making all the majors with the exception of the yen lined up in USD favour. It now seems highly likely that we have already seen the bottom on the buck for the entire 2010. AUD and CAD are preffered for establishing a longer-term short positions against the USD. Levels .7250-.7300 on AUD/USD and 1.17-18 on USD/CAD look like a "must" for the moment.
Hello mr. Igrok,

First off all it's a honor to see You back in this forum . I was wondering how do You predifine these "must" reach levels in case we will have dollar in a uptrend for this year. Is it somehow related to yearly range? Allso was looking to old monthly divergence targets whitch pointing the same price levels as You define, but as i inderstand they are allready filled...

Many thanks in advance!!
  • #4,762
  • Feb 2, 2010 1:59pm Feb 2, 2010 1:59pm
Quoting aediaz1
Tons of div target far up too.
Hi mate,

~1.595, ~1.651?
Twitter: MrC_Forex ; Facebook: /pages/MrC-Forex/197693770247397
  • #4,763
  • Feb 2, 2010 2:26pm Feb 2, 2010 2:26pm
Quoting PutaMadre
Hello mr. Igrok,

First off all it's a honor to see You back in this forum . I was wondering how do You predifine these "must" reach levels in case we will have dollar in a uptrend for this year. Is it somehow related to yearly range? Allso was looking to old monthly divergence targets whitch pointing the same price levels as You define, but as i inderstand they are allready filled...

Many thanks in advance!!

Thanks for your kind words.
It's a combination of factords including MOTY, "unpaid debts", measured objective and projected levels and divergences. Also other external factors such as a gold bubble, general stocks situation (with DOW looking as good as dead at these levels) and the overall economic crisis (which hasn't even started yet). Longer-term both euro and pound have a great potential to hit the parity aganst the buck, but for now some less ambitious targets should be considered.
  • #4,764
  • Feb 2, 2010 2:43pm Feb 2, 2010 2:43pm
Quoting Igrok
Thanks for your kind words.
It's a combination of factords including MOTY, "unpaid debts", measured objective and projected levels and divergences. Also other external factors such as a gold bubble, general stocks situation (with DOW looking as good as dead at these levels) and the overall economic crisis (which hasn't even started yet). Longer-term both euro and pound have a great potential to hit the parity aganst the buck, but for now some less ambitious targets should be considered.
Dear Mr. Igrok,
It is a pleasure to rea from you.
I have a question and I hope that you will kind find the time to answer.
Do you think that S&P have seen the maximum for 2010 and that from now on it will just keep on going down?
Thank you
Marc
  • #4,765
  • Feb 2, 2010 2:53pm Feb 2, 2010 2:53pm
Quoting marcb
Dear Mr. Igrok,
It is a pleasure to rea from you.
I have a question and I hope that you will kind find the time to answer.
Do you think that S&P have seen the maximum for 2010 and that from now on it will just keep on going down?
Thank you
Marc

I don't usually follow the stocks but check out DJIA charts occasionally. I think we have seen the top at 10700+ for generations ahead.
  • #4,766
  • Feb 2, 2010 3:26pm Feb 2, 2010 3:26pm
Quoting Igrok
Thanks for your kind words.
It's a combination of factords including MOTY, "unpaid debts", measured objective and projected levels and divergences. Also other external factors such as a gold bubble, general stocks situation (with DOW looking as good as dead at these levels) and the overall economic crisis (which hasn't even started yet). Longer-term both euro and pound have a great potential to hit the parity aganst the buck, but for now some less ambitious targets should be considered.
Understood. Aussie level is more clearer now, by looking on external factor(gold) picture. General stocks allso gives some expalantion.
Thanks for replying!

P.s. it's allso makes sence to see dollar up for some period, considering FED injections to banks and industry, whitch pushes job rates up a bit end etc...
  • #4,767
  • Feb 2, 2010 3:39pm Feb 2, 2010 3:39pm
Quoting Igrok
I don't usually follow the stocks but check out DJIA charts occasionally. I think we have seen the top at 10700+ for generations ahead.
Everything seems to run in cycles in this world. What makes you believe we are in much deeper problems now contra other crises?
Measure twice, cut once
  • #4,768
  • Feb 2, 2010 4:15pm Feb 2, 2010 4:15pm
Quoting aediaz1
Everything seems to run in cycles in this world. What makes you believe we are in much deeper problems now contra other crises?

On my humble opinion those problems are simply not repairable by just mere injections of freshly printed papers. It's like a placebo without any real effect on the system while the "cancer" still makes its way through the body of the economy. It doesn't even buy us some time or something like that but rather looks like remission which is a medical term for temporary relief without any real health improvement.
The entire world economy has be to fully rebuild on different principals until The Main street prevails over The Wall street. To do that the world has to go all the way through severe depression.
  • #4,769
  • Feb 2, 2010 4:25pm Feb 2, 2010 4:25pm
Quoting Igrok
On my humble opinion those problems are simply not repairable by just mere injections of freshly printed papers. It's like a placebo without any real effect on the system while the "cancer" still makes its way through the body of the economy. It doesn't even buy us some time or something like that but rather looks like remission which is a medical term for temporary relief without any real health improvement.
The entire world economy has be to fully rebuild on different principals until The Main street prevails over The Wall street. To do that...
I can do nothing else than hope you're dead wrong, since I'm far too young and uneducated to grasp the whole picture and I'm having a good time as the world is right now.

Considering the circumstances, I can guess you're not in the rush of getting new assistants

1. Are you busy managing large funds these days?
2. Would you call it a waste of time focusing so hard on (fx) trading now?
Measure twice, cut once
  • #4,770
  • Feb 2, 2010 4:49pm Feb 2, 2010 4:49pm
Quoting aediaz1
I can do nothing else than hope you're dead wrong, since I'm far too young and uneducated to grasp the whole picture and I'm having a good time as the world is right now.

Considering the circumstances, I can guess you're not in the rush of getting new assistants

1. Are you busy managing large funds these days?
2. Would you call it a waste of time focusing so hard on (fx) trading now?

I also hope I'm wrong but the real world where every fourth is a stock broker or a market analyst and every other one is a real estate agent or dealer cannot be sustainable. I'm quite sure that relatively soon stock market speculations will be abandoned or even prohibited and general public will have to come to basics in the investment practice where dividends will become the primary source of income rather than pyramidal ponzi schemes.

If you're looking for an opportunity to work with me then the best way I can think of would be for you to consider creating your own fund that we then can manage together.
  • #4,771
  • Feb 2, 2010 8:18pm Feb 2, 2010 8:18pm
A "candy" might be forming on E/J:
Attached Image (click to enlarge)
Click to Enlarge Name: eurjpy_100203_h1.gif Size: 20 KB
Twitter: MrC_Forex ; Facebook: /pages/MrC-Forex/197693770247397
  • #4,772
  • Edited 3:00am Feb 3, 2010 1:46am | Edited 3:00am
Quoting Mr.C
A "candy" might be forming on E/J:
Haha. We shared the same view

Short @ top. All way down to btm TL. Then reverse.

Update :
It's a quick one. Now lets see how's the reverse goes

I bias on break top. If break top and make a new high,then add position
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 5 03-Feb-10.gif Size: 24 KB
Click to Enlarge Name: ej m15 03-Feb-10.gif Size: 26 KB
  • #4,773
  • Edited 3:28am Feb 3, 2010 3:17am | Edited 3:28am
Quoting mphpopular
Haha. We shared the same view
I bias on break top. If break top and make a new high,then add position
Targeting: ~127.09; ~128.35 (div). Diamonds target ~127.27.
Twitter: MrC_Forex ; Facebook: /pages/MrC-Forex/197693770247397
  • #4,774
  • Feb 3, 2010 3:25am Feb 3, 2010 3:25am
Nice little diamond on eur/jpy guys, well spotted.
Measure twice, cut once
  • #4,775
  • Feb 3, 2010 3:29am Feb 3, 2010 3:29am
Quoting aediaz1
Nice little diamond on eur/jpy guys, well spotted.
CHFJPY M30 timefrime simmilar creature just broken up allso, was whaiting for long position on this pair from begining of this week

P.s. whith quite reasonable target ~86.340 (first divergence + formation target)
  • #4,776
  • Feb 3, 2010 3:34am Feb 3, 2010 3:34am
Quoting PutaMadre
CHFJPY M30 timefrime simmilar creature just broken up allso, was whaiting for long position on this pair from begining of this week

P.s. whith quite reasonable target ~86.340 (first divergence + formation target)
Perfect 30m triangle it was.
  • #4,777
  • Feb 3, 2010 4:38am Feb 3, 2010 4:38am
Usd/nok have an interesting picture these days;
Attached Image(s) (click to enlarge)
Click to Enlarge Name: usdnok.gif Size: 43 KB
Click to Enlarge Name: usdnok comb.gif Size: 10 KB
Measure twice, cut once
  • #4,778
  • Feb 3, 2010 6:00am Feb 3, 2010 6:00am
CADJPY on H1
Attached Image (click to enlarge)
Click to Enlarge Name: cadjpy-h1.gif Size: 16 KB
  • #4,779
  • Feb 3, 2010 6:31am Feb 3, 2010 6:31am
Perfect intraday 18.4 on Cable. No buy for me as I'm still short from 1.6110 and holding.
  • #4,780
  • Feb 3, 2010 7:46am Feb 3, 2010 7:46am
gabs, can you say what decision you have made based on your chart?
3 traders viewing now