Circular Trendlines | Page 3 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Circular Trend-Waves 414 replies

How do I change the color of trendlines? 2 replies

Too many drawn Trendlines all same look: how to draw Trendlines with different look? 2 replies

Recommend an ebook on trendlines.... 10 replies

Short trendlines 7 replies

Attachments: Circular Trendlines
Exit Attachments

Circular Trendlines

  • #41
  • Jun 8, 2011 10:36am Jun 8, 2011 10:36am
gaining confidence that 4580 will stand well in the H1.

lets talk about it in 25 mins time. haha
  • #42
  • Jun 8, 2011 10:40am Jun 8, 2011 10:40am
bbl
  • #43
  • Jun 8, 2011 11:23am Jun 8, 2011 11:23am
Yes, it went through the red circle with lots of laugh, I agree too, I got a chuckle out of it too.

But 4580 is slowly breaking.

If you notice as I have said in my introduction, that when the top or vicinity of the top breaks, it travels to the other perimeter.

Now if you notice again you see that the motion slowed down when it got close to a horizontal line drawn through the center of the circle, as if it entered a area of congestion, then it turned around, and it did go to the other perimeter.

So on initial attempt of the break it rushed,

As it got close to center it slowed down,

Couldnt go further, so it broke out of the circle

Anyhow I think its a good buy for 20-30 pips for sure.




Quoting zelandia
gaining confidence that 4580 will stand well in the H1.

lets talk about it in 25 mins time. haha
  • #44
  • Jun 8, 2011 11:55am Jun 8, 2011 11:55am
Here is the analysis...
Hope it helps
Quoting Kambooj
Yes, it went through the red circle with lots of laugh, I agree too, I got a chuckle out of it too.

But 4580 is slowly breaking.

If you notice as I have said in my introduction, that when the top or vicinity of the top breaks, it travels to the other perimeter.

Now if you notice again you see that the motion slowed down when it got close to a horizontal line drawn through the center of the circle, as if it entered a area of congestion, then it turned around, and it did go to the other perimeter.

So on initial attempt of the break it rushed,...
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD_M1.jpg Size: 71 KB
  • #45
  • Jun 8, 2011 12:14pm Jun 8, 2011 12:14pm
Quoting Kambooj
So I guess in this case right now, the best trade would be a buy at 4580. Thats as far as the circles are telling me.

Also if you are familiar with elliot wave, there is a possibilty of a contracting triangle right now being formed on M1, which implies a thrust will happen downwards.

Once the thrust is close to the boundaries of the M5 Chart, within the vicinity of the buy zone I have mentioned then a safe zone has been approached, which makes it suitable for a buy.
hey i am getting green pips...

how do u do with this circles.. xplain...
  • #46
  • Jun 8, 2011 12:25pm Jun 8, 2011 12:25pm
You have to start from the first page and read about it,
I also have some examples of drawing I made last night, and hopefully todays analysis will help.

But its more than few sentences for me to go through in one post

Quoting Fxadventure
hey i am getting green pips...

how do u do with this circles.. xplain...
  • #47
  • Jun 8, 2011 12:27pm Jun 8, 2011 12:27pm
Quoting Kambooj
You have to start from the first page and read about it,
I also have some examples of drawing I made last night, and hopefully todays analysis will help.

But its more than few sentences for me to go through in one post
i have long from 4580 i think we go 4700 first target
looking for investors . pm me
  • #48
  • Jun 8, 2011 1:19pm Jun 8, 2011 1:19pm
A breakout from the M1 chart is about to happen soon, should push this pair to 4630
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD_M1.jpg Size: 71 KB
  • #49
  • Jun 8, 2011 4:07pm Jun 8, 2011 4:07pm
Quoting Kambooj
A breakout from the M1 chart is about to happen soon, should push this pair to 4630


I can't seem to draw circles. I am trying this technique out on a MT4 demo account and if I follow you instructions it keeps making ellipses that I can't get to match up. Any thoughts?
  • #50
  • Jun 8, 2011 7:28pm Jun 8, 2011 7:28pm
You have to play around with the Scale property of the Fibonacci Arc tool on MT4, but the problem is once you switch time frames the circles go to ellipses, and its a pain, because then for every time frame you need a window.

Thats why I switched to NetDania.com Chart Station product, because you can use the copy function very fast, and draw circles quickly, that way you dont spend time on making sure the circle is a circle or a ellipse.

Again Try this link:

http://www.netdania.com/Products/liv...rtStation.aspx


Quoting TraderFitz
I can't seem to draw circles. I am trying this technique out on a MT4 demo account and if I follow you instructions it keeps making ellipses that I can't get to match up. Any thoughts?
  • #51
  • Jun 8, 2011 7:35pm Jun 8, 2011 7:35pm
i USE VT TRADER just for charting. haha. lock in the scales and they dont become ellipses.
  • #52
  • Jun 8, 2011 8:17pm Jun 8, 2011 8:17pm
M15
Before the motion this morning paused around 4580, it was difficult to tell whether the destination is 4480 (the blue circle) or 4580 (the red circle).
But as the first bounce off 4580 happened it started to became apparent that 4580 is the most probable spot that the motion will rebound. One thing to pay attention to at these times is to see whether you can find a circle where the bounce is occuring at its poles.

In this case the bounce was occuring at the North Pole of the circle and as I mentioned before, the Poles of the circles are one of the most difficult areas to penetrate.

There were 2 upper black circles that were sqeezing price together. Sometimes such a squeeze does push price downwards, but in this case the north pole of the red circle pushed price upwards towards the right hand black circle.

The circle got penetrated, and once penetration happens in a circle the resistance of that circle is gone.

We will be looking forward to collect some good profit at 4650 and we will see how the game plan of the price action will be to go higher.

In anyhow 4580 was a good buy, and the low was 4564, 20 pips lower.
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD_M15.jpg Size: 138 KB
  • #53
  • Jun 8, 2011 8:23pm Jun 8, 2011 8:23pm
The best method I have found to use these circles are as follows:

Wait till 10:15 AM -12:00 PM time frame

See Where the motion is approaching towards which circle

Go on M5 / M1 Time frame and fine tune the touch points to the circles

Put a trade in the opposite direction. This means that if motion is going south between the designated hours, then you are looking to buy. Where ?
You have to find which circle its heading towards

Give 100 Pips of stoploss

Go with Minimum Lot Size

This has worked exceptionally well for me, on certain occasions price has dropped but seldom my stoploss has been hit, because when price drops I give it time to do my analysis and I either come out at break even, or a small loss,

but the key is trying to find the best entry either during the openning of the EUR session or the close of the EUR session.

Any other times that you want to use the circles for trading such as the Asian session, then its best to collect small profits and wait for another setup.
  • #54
  • Jun 8, 2011 8:29pm Jun 8, 2011 8:29pm
Quoting Kambooj
You have to play around with the Scale property of the Fibonacci Arc tool on MT4, but the problem is once you switch time frames the circles go to ellipses, and its a pain, because then for every time frame you need a window.

Thats why I switched to NetDania.com Chart Station product, because you can use the copy function very fast, and draw circles quickly, that way you dont spend time on making sure the circle is a circle or a ellipse.

Again Try this link:

http://www.netdania.com/Products/liv...rtStation.aspx...

Great, I will check that out. I am up 50 pips E/U on the run up from 1.4570. 1 for 1 using circular trendlines. Thank you!!!!
  • #55
  • Jun 8, 2011 8:33pm Jun 8, 2011 8:33pm
You are more than welcomed

Just as a side note, again, when trading this method dont panic when one circle is broken, usually its not as bad as you think it is. Give it time to consolidate and see which other circles around the price action its trying to find support/resistance, etc.

With practice you can really get some good entries. Best of luck

Quoting TraderFitz
Great, I will check that out. I am up 50 pips E/U on the run up from 1.4570. 1 for 1 using circular trendlines. Thank you!!!!
  • #56
  • Edited 3:31am Jun 9, 2011 3:12am | Edited 3:31am
Morning bro
Quoting egkid
Bulls in control now for smaller TF Will c how strong they r and PA acting
@ 4607 , 4630 , 4650 then checking higher TF and will decided from where i will make my move
After watching this levels , I feel comfortable to sell here@4635
Next fight will B Around 4475 - 4450 Maybe weekly close.

Edit:
Depends on same technique as i said 1.4820 reverse point before some weeks, Now 1.4636
should b reverse point But at the end market do what ever it LIKE.

We will c
Catch u later
  • #57
  • Jun 9, 2011 7:03am Jun 9, 2011 7:03am
4635 was a good sell, but now we are in a tough situation. Have to see what happens at 10:30

Quoting egkid
Morning bro

After watching this levels , I feel comfortable to sell here@4635
Next fight will B Around 4475 - 4450 Maybe weekly close.

Edit:
Depends on same technique as i said 1.4820 reverse point before some weeks, Now 1.4636
should b reverse point But at the end market do what ever it LIKE.

We will c
Catch u later
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD_M15.jpg Size: 93 KB
  • #58
  • Jun 9, 2011 7:16am Jun 9, 2011 7:16am
Cant we draw some S/R lines on the chart by combining with this to be more accurate..just an idea
I am the one and only profitable forex trader, but not the only one
  • #59
  • Jun 9, 2011 7:39am Jun 9, 2011 7:39am
Quoting Kambooj
4635 was a good sell, but now we are in a tough situation. Have to see what happens at 10:30
Loving the circles!!!!!!

Although I don't know what just happened on the EU
  • #60
  • Jun 9, 2011 7:47am Jun 9, 2011 7:47am
Quoting Kambooj
4635 was a good sell, but now we are in a tough situation. Have to see what happens at 10:30

So how does the circles take into account the crazy we are seeing right now with the PA on the EU. Do you disregard it?
0 traders viewing now