Circular Trendlines

Yes I think so and weekly close above 3250 where bulls still in control.

my view still in hold...i have no idea about the weekly closing price as we still have a day and some hours to close...

Then watch PA @your zone and reaction of bulls

Dropped again to the inner red circle, and may go down another 25 - 30 pips to the outer red circle. Its broken the rising trendline from 14th Nov and 7th Jan.

So far we have reached 3168 and from the looks of it, this thing is still hungry for further down. We are at 3185 now and looks like if we dont get enough of a retracement we could be in for a super impulse wave like the 5th wave extension I was talking earlier. So not sure whether longing this thing is a very good choice. But we have to wait. I made some profit from 3420 to 3270, but wasnt expecting the sharp drops to happen as fast as they are now. Full moon is february 25th at which time we will be closer to a upward reaction.

Looking for a nice retracement now to go short again.

u are genius..i was expecting something to go down into 1.3150-30 for buyers and sellers to agree where price should go and checking out my chart something tells me 25th feb is likely to be the date and u just mentioned it..

when Obama in his state of the union speech was saying the stock market is doing great, I knew it will drop. Thats the way the market makers are working these days. Few days ago I was in a store, where I am not quite sure whether it was Mcleans or Money magazine (both Canadian magazines) that were saying bullish for stock market on the cover. I found it kind of strange because S&P is close to a retracement and I see 1100 to be a minimum retracement for it. So wasnt quite sure why the stock market bullish signals are being given by the press and Obama's administration. During the speech his chief of staff that was sitting behind him on the right hand side didnt smile at all during the speech, but vice president was all excited sitting on the left hand side behind him.

I dont know what was the Chief of Staff thinking during the speech, but looked like as if he was thinking

"Oh yeah Mr. Obama, continue with the rest of the fake situation in regards to the stock market..."

Waiting for stock market to open at 9:30 before gaging my next move.

HI, everyone, I just try to post what I see on this chart (Not mine, copied and pasted, https://www.tradingview.com/e/4OT4FEID/ ), I hope we can make some pips, no matter what system we use.
Thank you for Kambooj for his unique system, I always come back to this thread regularly as I admire his dedication to develop and explore "circular trandlines".

EURUSD Outlook

Today is best to stay out of the market and let the dust of the thruill ride downwards settle down, before making a trading decision, but here are some options:

Price has decided to drop first before rising, if the T1 trendline breaks we will see 3215, and if not, then the T2 trendline will break and lower lows of 3100 will be on our way.

EUR Update

3160 is a critical zone, but here is a possible outcome of the situation if momentum keeps on pushing more downwards:

here is my analyze bro. MR bubble very good you thoughts. like it. maybe my point 3145 not hold lets see

Cspip, what inspired you to draw the downward pitchfork in your last chart?

i like circles...

I use pitchforks alot to try to see the trending direction and possible next move. That one started from the high of ~ 1.3720 and down movement with lower lows and lower highs led to the pitchfork. Using it in combination with Kambooj circles and trendlines.

EUR/USD Outlook

A retracement or a trend change?

The movement from 3148 has had a significant size rebound from that level right up to 3319. Currently this level translates to the center region of the blue circle and just about the grey region of the bigger green circle. Considering motion has had a significant bounce downwards from the green zone, the region of 3360-3380 will become a strong sell region. For now the upward momentum will persist for another 100 pips, but as to whether its a trend change or retracment, my pick will be a retracement with a lot of agitation and bouncing between 3230 and 3350 zone. Price action will find try to find its way out of the green circle and get ready for a pole break of the blue circle. This process might take about about a week, and will not happen today or tomorrow.

For the meantime its better to wait for a retracement to 3250 level or lower around 3230 before going long, because there is a better opportunity to go long than 3280 zone.

EUR Update

Here is a update on the current situation of the EUR

Going back to this chart from two weeks ago http://www.forexfactory.com/showthre...65#post6446865 EurUsd has broken through both rising trendlines and bounced of smaller brown circle. It may come down again before going up to test the major green rising trendline (small mangenta arrows) and / or carry on down the pitchfork, all the while getting squeezed by the brown and green circles to form a downward cresent.

I think it may go down as far as 1.2600 in the next two weeks before coming back up. Because:-
1) the pitchfork is heading in that area,

2) 61% retracement there

3) the two green circles meet there,

4) so too is that orange trendline which i put in to pick out the place eurusd could leave the circles. The orange trendline is almost a mirror of the rising red trendline and the place it entered the circle to begin with.

5) the black falling trendline is a long term one which it broke through around 12th Dec 2012. Now, as we all know, sometimes price will come back to test the trendline it broke through, especially a major one, before carrying on in the breakout direction (up). The black trendline also comes through the 1.2600 area same time as the other two above. The black trendline goes back to April 2011, which you can see in the 2nd chart below.

The five above is causing alot of attraction for EurUsd to go to. There'll be a big hoo haa about it breaking through 6 month (by the time it gets there) low of 1.2700 set around 12th Nov 2012. Then a new low of 1.2600, and then there even might be a strong spike down to the last horizantol green line of 1.2400, which is the 78% retracement of 1.3700 high, before climbing sharply.

While all that is happening it will be forming a another circle using the (lowering) highs, which it will then use to go back up around after this move to 1.2600. I'll post a chart of that later. Also obvisously there will be upwards movements in there too, 100-150 pips but still going down.

I may be wrong, it may go up, might even jump out of the screen and hit me between the eyes,

but i think i'll keep coming back to this chart until mid May at the least...

Hi
Not so great week but i thought to update my view
My long positions from 268x , 1.2750 , 1.28xx ............ACT all closed with small profit
I studying the current situation and prepare new Plan

Trend looks change it before hit my TP@3950
Any way will update my new Plan later
Trade safe

last support for up trend i have this one.