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

  • #9,501
  • Oct 6, 2016 4:17pm Oct 6, 2016 4:17pm
Funeral pound

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  • #9,502
  • Oct 6, 2016 11:06pm Oct 6, 2016 11:06pm
Quoting AlexPL
Funeral pound {image}
Saxo Bank is showin 1.08356 low overnight. Every broker will have it differently now !
Value is nothing, Price is everything
  • #9,503
  • Oct 7, 2016 8:35am Oct 7, 2016 8:35am
What happened to this? Ain't it funny when people write things like that? LOL

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  • #9,504
  • Edited 10:35am Oct 7, 2016 10:13am | Edited 10:35am
Quoting Mong00se
What happened to this? Ain't it funny when people write things like that? LOL {image}
i'm still standing behind my target expectations... before year end cable should be trading above 1.90... most likely at around 2.00... let's wait just a little bit more...)))
i might make some mistakes sometimes in terms of timing, which is extremely difficult to predict usually, but the target mentioned here is a must... and in any case it's not gonna take years to get there... just a few months at longest....
  • #9,505
  • Oct 7, 2016 10:19am Oct 7, 2016 10:19am
Quoting marcb
Igrok are you still here? Thanks Marc
sure... was out for a while... travelling... though still back to trading now... i assume next week is gonna be quite active and interesting overall... likely to see a huge sell-off on usd across the board... aud/usd is the only usd pair so far that hasn't' completed its correction yet... likely to hit 0.7470 first on Monday before turning around... usd/rub also seems quite ready for a free-fall...
  • #9,506
  • Oct 7, 2016 10:35am Oct 7, 2016 10:35am
Quoting Igrok
{quote} i'm still standing behind my target expectations... before year end cable should be trading above 1.90... most likely at around 2.00... let's wait just a little bit more...)))

hm, you are joking? , the move down from 2.0 area took 6 to 7 months in 2008 . What you mean can trigger that it does a opposite move almost twice as strong as the crash during the financial crises in 2008 in 1/3 of the time. And when the country is an chaos without any plan for the Brexit and the future for GB . So what can get that to move 6500 pips against fundamentals

I think we can see a retracement from the strong move down we have seen. But from there to a reversal 6500 pips I can not in my wildest fantasy think or believe will happen in 2016 ( or even 2017 ) So interesting to hear what is your idea behind that.

I have marked 1.90 and 2.0 in my chart just to show how big move is needed. This is monthly chart.
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  • #9,507
  • Oct 7, 2016 10:36am Oct 7, 2016 10:36am
Quoting Earleone
{quote} hm, the move down from 2.0 area took 6 to 7 months in 2008 . What you mean can trigger that it does a opposite move almost twice as strong as the crash during the financial crises in 2008 in 1/3 of the time. And when the country is an chaos without any plan for the Brexit and the future for GB to get a move 6500 pips. I think we can see a retracement from the strong move down we have seen. But from there to a reversal 6500 pips I can not in my wildest fantasy think or believe will happen in 2016 ( or even 2017 ) So interesting to hear what...
i might make some mistakes sometimes in terms of timing, which is extremely difficult to predict usually, but the target mentioned here is a must... and in any case it's not gonna take years to get there... just a few months at longest....those, who follow my posts on different forums for about 20 years know that i'm usually pretty good in calling "crazy" moves and huge trends...))))... hope this is gonna be just one more in my collection...
  • #9,508
  • Oct 7, 2016 10:40am Oct 7, 2016 10:40am
Quoting Igrok
{quote} i might make some mistakes sometimes in terms of timing, which is extremely difficult to predict usually, but the target mentioned here is a must... and in any case it's not gonna take years to get there... just a few months at longest....
But based on what. There is QE . Not much if any positive for GB to see . ( The last upmove from bottom took more then 7 Years. What you tell will happen in a couple of months, and when that happened it was optimism in GB ) And arrows was pointing up .
Trading in the shadow of SM
  • #9,509
  • Oct 7, 2016 10:47am Oct 7, 2016 10:47am
Quoting Earleone
{quote} But based on what. There is QE . Not much if any positive for GB to see .
based on my 23 years of actual trading experience and chart reading ability... ))))
in this particular case there are lots of clues calling for such an outcome... and not only on cable... it's also quite possible for example that the swissy also topped-out today and is about to start declining next week towards its own distant target which is located at around .58-60
  • #9,510
  • Oct 7, 2016 10:48am Oct 7, 2016 10:48am
Quoting Igrok
{quote} i might make some mistakes sometimes in terms of timing, which is extremely difficult to predict usually, but the target mentioned here is a must... and in any case it's not gonna take years to get there... just a few months at longest....those, who follow my posts on different forums for about 20 years know that i'm usually pretty good in calling "crazy" moves and huge trends...))))... hope this is gonna be just one more in my collection...
Igrok, can you please publish a chart that supports your prediction. Thank you.
Once A Trader Always A Trader.
  • #9,511
  • Oct 7, 2016 10:49am Oct 7, 2016 10:49am
Hi Igrok,
at what level do you suggest to buy GBPUSD and GBPJPY?
Why?
Thanks
Marc
  • #9,512
  • Oct 7, 2016 10:51am Oct 7, 2016 10:51am
da logical set a sail ....... the proud throw the 1 st stone ..... the smart ... sit a side counting the prone .....
  • #9,513
  • Edited 11:07am Oct 7, 2016 10:56am | Edited 11:07am
Quoting Liviu
{quote} Igrok, can you please publish a chart that supports your prediction. Thank you.
i already did last week... here is the same chart i posted then... sorry, that's the wrong one... will make a new one now...
but actually there is nothing special to show... we all have those charts... the point is that any sharp trend gets fully covered sooner or later... we can see that the sharpest decline on monthly cable charts started in 2008 from 1.9845 ( top of August )... markets always returns to cover such a thin chart area... actually it works on any time frame...
market also always comes back to continuation diamonds, triangles and flat surfaces...
  • #9,514
  • Oct 7, 2016 11:13am Oct 7, 2016 11:13am
Quoting Igrok
{quote} i already did last week... here is the same chart i posted then... sorry, that's the wrong one... will make a new one now... but actually there is nothing special to show... we all have those charts... the point is that any sharp trend gets fully covered sooner or later... we can see that the sharpest decline on monthly cable charts started in 2008 from 1.9845 ( top of August )... markets always returns to cover such a thin chart area... actually it works on any time frame... market also always comes back to continuation diamonds, triangles...
something like this ? but it should take longer imho ... mid 2018
THKS
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Once A Trader Always A Trader.
  • #9,515
  • Oct 7, 2016 11:20am Oct 7, 2016 11:20am
Quoting Liviu
{quote} something like this ? but it should take longer imho ... mid 2018 THKS {image}
market is moving in cycles... a full cycle, which includes 2 full trends ( both ways ), usually takes 8 years to complete... so, it's likely that 2008 decline will be covered fully before this year end...
  • #9,516
  • Edited 11:48am Oct 7, 2016 11:22am | Edited 11:48am
Quoting Greg.Barabas
{quote} Saxo Bank is showin 1.08356 low overnight. Every broker will have it differently now !
but what about usd/cad?... didn't i tell you that it's gonna make at least one fibo level correction first... so, it did today... exactly to the point...))))
  • #9,517
  • Oct 7, 2016 11:39am Oct 7, 2016 11:39am
this trend line comes this very month at 1.9841, which is almost exactly the top of august 2008...
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  • #9,518
  • Oct 7, 2016 12:40pm Oct 7, 2016 12:40pm
Quoting Igrok
this trend line comes this very month at 1.9841, which is almost exactly the top of august 2008... {image}
Hi Igrok

You dont look at gold, but do you have any thoughts about levels and direction?
  • #9,519
  • Oct 7, 2016 1:14pm Oct 7, 2016 1:14pm
Quoting Igrok
{quote} but what about usd/cad?... didn't i tell you that it's gonna make at least one fibo level correction first... so, it did today... exactly to the point...))))
Well, it didnt, al least not on my charts and broker 1.33135 was max Bid.
Value is nothing, Price is everything
  • #9,520
  • Edited Oct 8, 2016 12:26am Oct 7, 2016 2:46pm | Edited Oct 8, 2016 12:26am
Quoting Igrok
{quote} based on my 23 years of actual trading experience and chart reading ability... )))) in this particular case there are lots of clues calling for such an outcome... and not only on cable... it's also quite possible for example that the swissy also topped-out today and is about to start declining next week towards its own distant target which is located at around .58-60
Ok Nothing surprises me in this market. For a move like this to happen a lot of things should happen. Maybe a good combination of the following will help: Trump become president and manage to do some not so smart immediately ( will not surprise me ) . Fed decrease interest rate to negative, Nigel Farage and Boris Johnson together admit they was wrong and join forces to campaign to cancel Brexit And BOE hike strongly. A huge nature disaster in US. It will for sure be some signals in the market when the trend change from fundamental side so we will notice when it start. For now I have sell outlook short term and Strong sell outlook mid and long term. I think it is very unlikely. But not impossible .

Have a nice weekend
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