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  • #13,461
  • Feb 16, 2018 10:33am Feb 16, 2018 10:33am
Quoting Dingoman-two
{quote} This reeks of accumulation but the question is which direction ?????
Doesn't really matter, at the end of the day they are just terms but accumulation is always up and distribution is the opposite, so means down.
  • #13,462
  • Feb 16, 2018 10:35am Feb 16, 2018 10:35am
Will we see 1.26 next week after FOMC?
I play the trade gamble to feed my Porsche addiction.
  • #13,463
  • Feb 16, 2018 10:35am Feb 16, 2018 10:35am
Quoting Stillearnin
{quote} Doesn't really matter, at the end of the day they are just terms but accumulation is always up and distribution is the opposite, so means down.

When we buy shorts it drives the price up that bit more so i see bearishness here
  • #13,464
  • Feb 16, 2018 10:43am Feb 16, 2018 10:43am
Quoting Dingoman-two
{quote} When we buy shorts it drives the price up that bit more so i see bearishness here
No, i mean when you say 'accumulation', it can't be followed by 'which side'. 'Accumulation' is always up, 'distribution' is always down. Hope you understand now. So when you say 'i think this is accumulation' you are saying that you think the prices are going up. Otherwise it just confuses people.

I think this is accumulation, results will be seen next week.
  • #13,465
  • Feb 16, 2018 11:06am Feb 16, 2018 11:06am
Quoting Dingoman-two
{quote} This reeks of accumulation but the question is which direction ?????

now the EURO is closed maybe we can get some more scalping done in peace
  • #13,466
  • Feb 16, 2018 11:08am Feb 16, 2018 11:08am
Bulls will try to close this at 1.2443 and above imo, so maybe we can buy and target that closing?
  • #13,467
  • Feb 16, 2018 11:12am Feb 16, 2018 11:12am
Quoting MoneyFocus
Bulls will try to close this at 1.2443 and above imo, so maybe we can buy and target that closing?

got my sell orders in @ 1.2440
  • #13,468
  • Feb 16, 2018 11:13am Feb 16, 2018 11:13am
Quoting MoneyFocus
Bulls will try to close this at 1.2443 and above imo, so maybe we can buy and target that closing?
agree on the closing range.. planning a buy if price gets near 1.2420
  • #13,469
  • Feb 16, 2018 11:14am Feb 16, 2018 11:14am
Quoting jusstin911
{quote} agree on the closing range.. planning a buy if price gets near 1.2420
Frankly, I think 1.2440 and under is not a bad price to buy in at. Having said that, I'm not long on it yet. Looking to buy in under 1.2440, will stop my longs out at 1.2395. Currently have no position.
  • #13,470
  • Feb 16, 2018 11:32am Feb 16, 2018 11:32am
still in my long :/ , no knew low,lets go back up plz
  • #13,471
  • Feb 16, 2018 11:37am Feb 16, 2018 11:37am
Quoting KeepITGreen
still in my long :/ , no knew low,lets go back up plz
Whats your entry lolz
  • #13,472
  • Feb 16, 2018 11:37am Feb 16, 2018 11:37am
Quoting MoneyFocus
{quote} Frankly, I think 1.2440 and under is not a bad price to buy in at. Having said that, I'm not long on it yet. Looking to buy in under 1.2440, will stop my longs out at 1.2395. Currently have no position.

A lot of indecision here folks as a lot of resistance as well

Screenshot 2018-02-17 01.34.45.jpg
Attached Image (click to enlarge)
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  • #13,473
  • Feb 16, 2018 11:38am Feb 16, 2018 11:38am
Quoting MoneyFocus
{quote} Whats your entry lolz
1.245
  • #13,474
  • Feb 16, 2018 11:38am Feb 16, 2018 11:38am
Quoting KeepITGreen
{quote} 1.245
Nothing to worry about imo.
  • #13,475
  • Feb 16, 2018 11:40am Feb 16, 2018 11:40am
Quoting MoneyFocus
{quote} Nothing to worry about imo.
yea im all good just hoping to keep the 85 i got this morning, if not hit the 100 mark
  • #13,476
  • Feb 16, 2018 11:55am Feb 16, 2018 11:55am
Quoting KeepITGreen
{quote} yea im all good just hoping to keep the 85 i got this morning, if not hit the 100 mark
There you go.
  • #13,477
  • Feb 16, 2018 11:59am Feb 16, 2018 11:59am
in order to make new high euro has to hold PRZ otherwise, my labeling is wrong and we have a different scenario. If the zone is busted we can expect flat correction ABC and will revisit at least 1.2300
Attached Image (click to enlarge)
Click to Enlarge Name: euro2_16.PNG Size: 116 KB
Always trade your own plan...I don't provide trading signals.
  • #13,478
  • Feb 16, 2018 12:10pm Feb 16, 2018 12:10pm
Would be interesting to see where we close today. I have a feeling that bulls will push this towards a 1.245x area closing.
  • #13,479
  • Feb 16, 2018 12:25pm Feb 16, 2018 12:25pm
Quoting MoneyFocus
Would be interesting to see where we close today. I have a feeling that bulls will push this towards a 1.245x area closing.
at the least, thinking most who are short will probably get out for the weekend, making an up move at least to that 1.245 possible and likely in my opinion, 3.5 hrs to go to see. this wedge forming at the bottom of the previous fall ( 15m tf) is looking like an up move will go some were. like said early still looking for
1.248 ish then possible more moves down.

keep it green
  • #13,480
  • Feb 16, 2018 12:30pm Feb 16, 2018 12:30pm
Quoting KeepITGreen
{quote} at the least, thinking most who are short will probably get out for the weekend, making an up move at least to that 1.245 possible and likely in my opinion, 3.5 hrs to go to see. this wedge forming at the bottom of the previous fall ( 15m tf) is looking like an up move will go some were. keep it green
Ideal scenario: Run to 1.2455, drop back to 1.2420.
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