I Told you to buy! still up pressure for an hour or so?? 1 hour i think take profit
- #974,122
- Mar 26, 2015 7:25am Mar 26, 2015 7:25am
After EU's spike up we can see that it has passed the R1 daily pivot, only to move back down under it, but based on how I calculate "Accumulation" the currency has yet to form accumulation. As we have kept making new lows without any engulfs to the upside towards the high.
In the picture below you will see that since the MA lines have over lapped about 20 mins prior to me taking the snapshop posted above, is the first "RETRACE LOW" to be engulfed.
Due to the fact that we are up against the clock, you can almost be certain that the news will create a new high or low of the accumulation in which a specific price will be given in order to buy or sell EU.
In the picture below you will see that since the MA lines have over lapped about 20 mins prior to me taking the snapshop posted above, is the first "RETRACE LOW" to be engulfed.
Due to the fact that we are up against the clock, you can almost be certain that the news will create a new high or low of the accumulation in which a specific price will be given in order to buy or sell EU.
5% a day keeps the 9 to 5 away.
- #974,123
- Mar 26, 2015 7:26am Mar 26, 2015 7:26am
- Joined Mar 2010 | Status: Technical Fundamentalist | 11,563 Posts
Pending conversations? PM for a chat...I am mainly in OTM now
- #974,132
- Mar 26, 2015 7:36am Mar 26, 2015 7:36am
- Joined Aug 2009 | Status: Trader | 12,448 Posts
{quote} looking it here...bought ECad thou just under 3660 UC looks scary yeah..then ECad would fall moo it seems. so pretty much tight here and if traded here wont leave it thru news
If you are new to Forex? Say Goodbye to your account!!
..please noooo!! 
- #974,140
- Mar 26, 2015 7:42am Mar 26, 2015 7:42am
- Joined Apr 2013 | Status: I'm learnding! | 8,973 Posts
