Yeah agree. In the long run it could go down thousands pips. We could also see short term opportunities to catch counter-trend while still on the way downwards.

EUR/JPY

Looking at the Euroyen and poundyen.. looks likely they will break the major resistance and probably go higher.. 174.25 and 249.27 respectively.

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

Hi Igrok, why 1.93 zone and what do you mean by "turning point"?

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

I saw it. A possible consideration on that line. Thanks!

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

Hi Igrok, that is what I'm concerning now on the ADTR. Can help to explain "the third touch of the upper trendline". Thanks. Again, great stuff and hope you can come up with a second book as fantastic as Beat the Odds.

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

I'm using Igrok methods and I don't draw Fibo. I only use it as a mean to determine the psychology and intensity of the momentum and market flow. As such, 61.8 and 38.2 is a psychological barrier and look towards it to decide on whether to get out ...

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