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  • #748,401
  • Jan 21, 2013 1:22pm Jan 21, 2013 1:22pm
Quoting infinitus
wrong, wrong and wrong



concept of trading: something changes hands


one gives, another takes - all they have to do is to agree on price


in this sense: it is meaningless if you call something distribution zones or accumulation zones; you can not accumulate, when there is no one to distribute
wrong look at the daily chart... up to 2007 volume rose at peaks... look at what happened, since then volume rose while price drops, look at what happened ie: S&P, DOW etc...

eu last highest volume was during oct 2011, look at what happened. Price changes hands but when there is a fight and you see follow through, then you will know if its accumulation or distribution. High volume usually comes in during end of trend.... or no volume for no demand.
  • #748,402
  • Jan 21, 2013 1:40pm Jan 21, 2013 1:40pm
i need a little help - does anyone know what is the name of this pattern ?! Its on the EURUSD Daily tf
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"It's the Margin, Stupid."
  • #748,403
  • Jan 21, 2013 1:49pm Jan 21, 2013 1:49pm
Quoting Vachus
i need a little help - does anyone know what is the name of this pattern ?! Its on the EURUSD Daily tf
Don't know (neither pin bar, nor inside bar, nor fakey).

Today is an inside bar (until 23:59 GMT).

The 4 last daily lows show a support.
  • #748,404
  • Jan 21, 2013 2:41pm Jan 21, 2013 2:41pm
Quoting sidhujag
wrong look at the daily chart... up to 2007 volume rose at peaks... look at what happened, since then volume rose while price drops, look at what happened ie: S&P, DOW etc...

eu last highest volume was during oct 2011, look at what happened. Price changes hands but when there is a fight and you see follow through, then you will know if its accumulation or distribution. High volume usually comes in during end of trend.... or no volume for no demand.


What is the point? I stated, that you have distribution/accumulation zones at the end of each wave. Furthermore I stated in my first post, that we had distribution (and my logic following accumulation (because accumulaton for the buyers, distribution for the sellers)) zones below of actual price (forming support zones)

Show me the chart were you see rising volume at peaks in EURUSD and SP500 and "no" volume at the bottoms..........

I, so far, see each kind of combination


Again: I think this whole differentiating in accumulation and distribution leads to nothing: for every buyer, there is a seller. And they have to agree on price. All what matters is fear, greed, support and resistance and the right conclusions out of that
  • #748,405
  • Jan 21, 2013 2:51pm Jan 21, 2013 2:51pm
no America, no manipulation
kidding.
I'll shop after the drop
  • #748,406
  • Jan 21, 2013 2:53pm Jan 21, 2013 2:53pm
Quoting Willow
no America, no manipulation
kidding.
The truth is out there...
  • #748,407
  • Jan 21, 2013 2:58pm Jan 21, 2013 2:58pm
Quoting Vachus
i need a little help - does anyone know what is the name of this pattern ?! Its on the EURUSD Daily tf
Morning star???
  • #748,408
  • Jan 21, 2013 3:05pm Jan 21, 2013 3:05pm
Quoting hlina9
Morning star???
This pattern is a bearish reversal or Bullish reversal ?!
"It's the Margin, Stupid."
  • #748,409
  • Jan 21, 2013 3:19pm Jan 21, 2013 3:19pm
Quoting infinitus
What is the point? I stated, that you have distribution/accumulation zones at the end of each wave. Furthermore I stated in my first post, that we had distribution (and my logic following accumulation (because accumulaton for the buyers, distribution for the sellers)) zones below of actual price (forming support zones)

Show me the chart were you see rising volume at peaks in EURUSD and SP500 and "no" volume at the bottoms..........

I, so far, see each kind of combination


Again: I think this whole differentiating in accumulation and...
No demand usually happens on peaks, and i just told you the date on EU.. maybe my volume is not the same as yours but see 10/2011 for an example. Anyways SM knows in advance any news stories that we do not so they may be matching each bid in a bull market... and as price fails to rise the bulls try to push harder creating volume as sellers match. When buyers are done, price falls as sellers hold onto their profits and some get out as volume starts to rise again for accumulation. Lately we have seen a no demand rise followed by more accumulation bottoms on S&P... I've been saying since 2011 SM is accumulating for a multi-year bull.

There is a difference just that you don't see it... i'm trying to point it out. End of day doesn't matter as the information doesn't affect your decision. but for me the more information that helps me in my decisions the better for me.
  • #748,410
  • Jan 21, 2013 3:37pm Jan 21, 2013 3:37pm
It's called "Put a shortie on"

Quoting Vachus
i need a little help - does anyone know what is the name of this pattern ?! Its on the EURUSD Daily tf
Disclaimer: Check your 1m charts
  • #748,411
  • Jan 21, 2013 3:41pm Jan 21, 2013 3:41pm
Quoting pipper
It's called "Put a shortie on"

do you think any fillip from the BOJ statement will die away quickly?
  • #748,412
  • Jan 21, 2013 3:46pm Jan 21, 2013 3:46pm
Quoting pipper
It's called "Put a shortie on"
  • #748,413
  • Jan 21, 2013 4:00pm Jan 21, 2013 4:00pm
Quoting Vachus
This pattern is a bearish reversal or Bullish reversal ?!
Hm bearischness... but I dont know ...we should have had gap up on open. I am long as I sad earlier...GL
  • #748,414
  • Jan 21, 2013 4:02pm Jan 21, 2013 4:02pm
we didn't close sub 3308 so might not be ready for shorties yet

Quoting fx_forever
Disclaimer: Check your 1m charts
  • #748,415
  • Jan 21, 2013 4:03pm Jan 21, 2013 4:03pm
It is fascinating to see how they can bring up any subject up as if it is fresh news

Another ridiculus discussion will be on the scene soon I guess, tick tock...


http://www.bloomberg.com/news/2013-0...uble-says.html
Russia-Cyprus Money Flows Imply Laundering, Schaeuble Says


By Brian Parkin - Jan 21, 2013 6:56 PM GMT+0200
Two-way investment flows betweenRussia and Cyprus creates suspicion that money laundering may be behind the transactions, German Finance Minister Wolfgang Schaeuble said.
“Suspicion arises -- and it’s plain to see -- because Russian investment in Cyprus is so high and at the same time Cypriot investment in Russia is high,” Schaeuble said today onGermany’s ARD television 2+Leif program. “You may ask why Cyprus is the second-largest foreign investor in Russia and we need clear answers to that.”
Comments today by Schaeuble and Luxembourg Prime MinisterJean-Claude Juncker underline calls for Cyprus to take action on money laundering as a condition for potential aid. A German secret service report on Cyprus that was sent in November to federal lawmakers said Russians deposited 26 billion euros ($34.6 billion) -- more than the size of Cyprus’s economy -- in Cypriot banks over an unspecified timeframe, according to Priska Hinz, a Green party lawmaker, who read the secret report.
While a report on the financial health of Cyprus by the so-called troika -- the European Commission, the European Central Bank and the International Monetary Fund -- and a February election in the country are set to delay decisions on aid, Germany is already outlining caveats it views as necessary conditions, including bank transparency and the primacy of first-stop help from Cypriot banks’ creditors and the government over aid from euro-area funds.
Money Laundering

Cyprus needs to “play by the rules we have on money laundering in Europe, sign the same rule book,” said Michael Meister, the ruling Christian Democrats’ finance spokesman in parliament, in an interview today. “Only if bank creditors and the Cypriot state are unable to help can the euro area step in.”
Schaeuble said Russia needs to tighten its financial market rules that have fostered money laundering, saying that he had asked Russian Finance Minister Anton Siluanov to consult with President Vladimir Putin over such a move.
Russia may be asked to contribute to a Cypriot bailout plan, Schaeuble told German lawmakers on Jan. 15. Cyprus may need as much as 17.5 billion euros to pay its bills and recapitalize its banks, Finance Minister Vassos Shiarly said in November. The government says it has enough cash to last through March.
  • #748,416
  • Jan 21, 2013 4:17pm Jan 21, 2013 4:17pm
Quoting hlina9
Hm bearischness... but I dont know ...we should have had gap up on open. I am long as I sad earlier...GL
Many studies showed that a gap doesn't mean anything. Don't rely on that.
  • #748,417
  • Jan 21, 2013 4:25pm Jan 21, 2013 4:25pm
Quote

This pattern is a bearish reversal or Bullish reversal ?!

Formulating a bat just look there
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  • #748,418
  • Jan 21, 2013 4:28pm Jan 21, 2013 4:28pm
Made a few pips today on the yen pairs to make up for last nights loss, what a boring day. Seems like an Inverted hammer on the daily, but with the low liquidity and volume today I wont give it much attention. Waiting till boj to make my next trade..
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  • #748,419
  • Jan 21, 2013 4:34pm Jan 21, 2013 4:34pm
Watching 1.33836 and 1.32862 as well as RSI and a possible Tenkan Kinjun cross.... Gonna explode soon and I think down..
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  • #748,420
  • Jan 21, 2013 4:44pm Jan 21, 2013 4:44pm
Yes, I agree. I got tried of trading the tight range of E/U and moved over to trading the E/J. I got some bigger swings to end the day at 1.5%.

Cheers

Quoting BobGnarly
Made a few pips today on the yen pairs to make up for last nights loss, what a boring day. Seems like an Inverted hammer on the daily, but with the low liquidity and volume today I wont give it much attention. Waiting till boj to make my next trade..
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