InfiniteLoop » Wed Dec 09, 2015 11:20 am wrote:
EURUSD will change direction, believe it or not this short move up for past 3 days was more acc. of long orders on long term scale, that's the reason why it's so short and slow

SELL EURUSD, if you can get price at 1.0943, or even 1.0917 is still good

Tom822 » Wed Dec 09, 2015 12:42 pm wrote:I think that AUD/USD reached 3rd level today and now there is forming "W". If this "W" will be formed successfully then trend will go up.

PipTrawler » Wed Dec 09, 2015 11:39 am wrote:

InfiniteLoop » Wed Dec 09, 2015 11:20 am wrote:
EURUSD will change direction, believe it or not this short move up for past 3 days was more acc. of long orders on long term scale, that's the reason why it's so short and slow

SELL EURUSD, if you can get price at 1.0943, or even 1.0917 is still good

Thanks Infinite I am already in buddy. Taken half position for 10 and covered other half. If get stopped will get back in higher. I agree with your view about accumulation and that's what I was trying to point out in my second post here, my target may be bit wild but just what I see happening but really like this concept of cycles within cycles and fractal nature of looking at things. And of course I am seriously trying to figure out your approach to recognising accumulation of specific order types be it longs or shorts. Cheers

Tom822 » Wed Dec 09, 2015 12:00 pm wrote:InfineLoop has right - it also can go down, it's forex and that what we are doing here is speculation...of course, we all trying to increase our chances and take more good than bad decisions. Generally, today is a mid-week and this also increase the chance that AUD/USD will go up but only if this "W" will be formed.