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  • #1,139,401
  • Dec 28, 2017 10:45am Dec 28, 2017 10:45am
Quoting AllWinningTr
{quote}
You are welcome. Stick around in 2018 and let's make some money!
  • #1,139,402
  • Dec 28, 2017 10:47am Dec 28, 2017 10:47am
Quoting 3Davy
{quote} Wait untill 1.20 area to shorts this.
good point. probably even 2050. Just wondering are the short sellers running on a warren buffet FX account?
  • #1,139,403
  • Dec 28, 2017 10:49am Dec 28, 2017 10:49am
Quoting FXClarity
{quote} Im am a seller...no tears here
im closely watching now, carefully adding short positions on this way up and wait for the pull backs.
Whatever is happening right now has happened before and will happen again.
  • #1,139,404
  • Dec 28, 2017 10:54am Dec 28, 2017 10:54am
Quoting AllWinningTr
{quote} Hi... I just want to say thank you for your insight... your thread and contributions are giving me clarity and assisting me in become a better scalper. I paid online trading academy to educate me etc., $15000 later and a plethora of unsuccessful trades... I’m done with ota. So again I’m grateful to you and I look forward to learning much more. Happy New Year!
oh, i know about OTA too, can you tell me how it was?
  • #1,139,405
  • Dec 28, 2017 10:54am Dec 28, 2017 10:54am
1.196 next target followed by 1.20
Don't Worry Be Happy
  • #1,139,406
  • Dec 28, 2017 10:55am Dec 28, 2017 10:55am
Quoting asgcorp
{quote} good point. probably even 2050. Just wondering are the short sellers running on a warren buffet FX account?
i hear from some CFA analyst in seeking alpha that DXY might go as low as 91.5
  • #1,139,407
  • Dec 28, 2017 10:58am Dec 28, 2017 10:58am
Quoting FateAnother
{quote} i hear from some CFA analyst in seeking alpha that DXY might go as low as 91.5
DXY H*S final target is 90.25. Don't need no CFA for that though. )))
  • #1,139,408
  • Dec 28, 2017 11:01am Dec 28, 2017 11:01am
Quoting FateAnother
{quote} i hear from some CFA analyst in seeking alpha that DXY might go as low as 91.5
DX neckline will break now in order for EURUSD to print 2050 and then neckline will be re-tested. The best trade is to go long EURUSD once DX will re-test the neckline.
  • #1,139,409
  • Dec 28, 2017 11:03am Dec 28, 2017 11:03am
supplementary to the above.
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  • #1,139,410
  • Dec 28, 2017 11:09am Dec 28, 2017 11:09am
Quoting asgcorp
{quote} DX neckline will break now in order for EURUSD to print 2050 and then neckline will be re-tested. The best trade is to go long EURUSD once DX will re-test the neckline.

well said
  • #1,139,411
  • Dec 28, 2017 11:16am Dec 28, 2017 11:16am
Quoting asgcorp
{quote} good point. probably even 2050. Just wondering are the short sellers running on a warren buffet FX account?
Well, I can’t speak for anyone else but I’m scaling into this move in line with the position sizing and money management rules I adhere to for trading reversions.

My target remains under 1.1680 and I look ahead to securing a very healthy yield on my basket of trades in the coming weeks and as of right now EU is just over 50 pips higher than its HOD on 20/12... 50 pips doesn’t even raise my eyebrow.
  • #1,139,412
  • Dec 28, 2017 11:33am Dec 28, 2017 11:33am
Quoting FXClarity
{quote} Well, I can’t speak for anyone else but I’m scaling into this move in line with the position sizing and money management rules I adhere to for trading reversions. My target remains under 1.1680 and I look ahead to securing a very healthy yield on my basket of trades in the coming weeks and as of right now EU is just over 50 pips higher than its HOD on 20/12... 50 pips doesn’t even raise my eyebrow.
the overall trend is up , and it could a slow grind up kind of trend targeting the recent top around the 1.2092 area

better not fight the trend
  • #1,139,413
  • Dec 28, 2017 11:57am Dec 28, 2017 11:57am
shorts are going to get squeezed out soon

selling is a bad idea from these levels since the bulls are in control near 1.196 and only a move below 1.191 is where sellers will prevail
Don't Worry Be Happy
  • #1,139,414
  • Dec 28, 2017 12:10pm Dec 28, 2017 12:10pm
and 1.196 here we come ?

1.19612 is the November monthly high

it would be funny if it trolls the buyers by spiking above 1.196 and then falling back down to wipe them out
Don't Worry Be Happy
  • #1,139,415
  • Dec 28, 2017 12:23pm Dec 28, 2017 12:23pm
Quoting asgcorp
distribution is sideways price action. we are going up fellas it ain't no distribution.
Actually distribution is selling during rallies, accumulation buying during dips

That's my guess but maybe i'm wrong, i have been using it for some times and its fine so i'll keep doing so
COT: The precious data ignored
  • #1,139,416
  • Dec 28, 2017 12:27pm Dec 28, 2017 12:27pm
Quoting kuroro001
{quote} Actually distribution is selling during rallies, accumulation buying during dips That's my guess but maybe i'm wrong, i have been using it for some times and its fine so i'll keep doing so
distribution is a pause before or during a down trend

accumulation is a pause before or during an up trend
  • #1,139,417
  • Dec 28, 2017 12:34pm Dec 28, 2017 12:34pm
on weekly eurusd chart here's accumulation (spent 2 years accumulating power). And the new trend just getting started now. Big upside ahead, so not sure why anyone would want to short it here.
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  • #1,139,418
  • Dec 28, 2017 12:40pm Dec 28, 2017 12:40pm
Quoting asgcorp
on weekly eurusd chart here's accumulation (spent 2 years accumulating power). And the new trend just getting started now. Big upside ahead, so not sure why anyone would want to short it here. {image}
Down there is a gap that we will not see covered, at least not as long as Donald is president in us.
Also, analists say that eu has the power to go up as much as 1.4 maybe 1.5
MAKE IT RAIN
  • #1,139,419
  • Dec 28, 2017 12:40pm Dec 28, 2017 12:40pm
Quoting MXT
{quote} distribution is a pause before or during a down trend accumulation is a pause before or during an up trend
Not for me, but its fine

I got plenty of example of distribution/accumulation

And i have been working in banks...their process of accumulation/distribution has never been during pause, but during downside/upside move to gather stronger and stronger positions
COT: The precious data ignored
  • #1,139,420
  • Dec 28, 2017 12:42pm Dec 28, 2017 12:42pm
EUR JPY daily. here's another one under heavy accumulation now breaking out. target 138+.
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