Circular Trendlines | Page 4 | 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

  • #61
  • Jun 9, 2011 8:38am Jun 9, 2011 8:38am
Absolutely, there is no doubt about that.

Catch the false break of the straight trendlines with the curved ones and the false break of the curved ones with the straight one.

That is also what I do sometimes, but because this thread is dedicated to curved trendlines, I try not to clutter my chart with straight ones, and try to explain stuff as much as possible using curvature.

But thats a fantastic way of analyzing the market
Quoting fx learner1
Cant we draw some S/R lines on the chart by combining with this to be more accurate..just an idea
  • #62
  • Jun 9, 2011 8:46am Jun 9, 2011 8:46am
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.

Inserted Video
  • #63
  • Jun 9, 2011 8:55am Jun 9, 2011 8:55am
Very good question

In a earlier post:
http://www.forexfactory.com/showthre...85#post4677785

I did mention that its a tough call. Now what I should have said more was that the forces are "balancing each other out".

In the diagram the blue circle is pushing motion down and the red circle is pushing motion up.

In these situations it is very very hard to know exactly which way the motion breaks. Because in both curves the price is positioned away from the north pole. Away from the north pole means its trying to find the weak spot. This weak spot will have a powerfull thrust, either upwards or downwards. It has to have a powerfull thrust, otherwise its hard to break either circles.

All you can say from the circles is that once either Circle 1 or Circle 2 breaks, then thats the direction we are going.

I was away from my desk when I came back, I was flaborgasted.
But once a bubble breaks then thats the direction.

I am glad I had all positions closed, because I only trade from 10:15 AM - 12:00 PM. Thats the time I chose to get in the market.

I will have another post shortly try to explain more on Circle 2


Quoting TraderFitz
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?
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD_M15.jpg Size: 84 KB
  • #64
  • Jun 9, 2011 8:56am Jun 9, 2011 8:56am
Quoting Kambooj
Absolutely, there is no doubt about that.

Catch the false break of the straight trendlines with the curved ones and the false break of the curved ones with the straight one.

That is also what I do sometimes, but because this thread is dedicated to curved trendlines, I try not to clutter my chart with straight ones, and try to explain stuff as much as possible using curvature.

But that's a fantastic way of analyzing the market
Bro do u know what i wish
U know Jim rogers and He was the co-founder of the Quantum fund with George soros they made company early in 70 i think
Wish one day we meet and do that , it's just a wish but i like ur way of analysis and I'm sure together with my own method and yours we can get very nice set up.

Maybe 1 Day
  • #65
  • Jun 9, 2011 9:07am Jun 9, 2011 9:07am
Once the center of a circle breaks, motion goes to the other perimeter of the circle. When the distance beteen the drop and the center of the circle is at a minimum, as the drop happens, 2 things will happen.

In the case of impulses, which is right now, It will speed up and in the case of a corrective motion it will slow down.

In this case it penetrated the red circle, and that was a pretty strong one. it wont go up beyond 4528 region. So 4528 is a good sell.

There are 2 blue circles which it can end up at their "Other End", we dont know yet, but now you have 2 targets 4437 and 4372. At least we know we are going down

Suggested strategy is to sell at 4528-4530


Quoting Kambooj
Very good question

In a earlier post:
http://www.forexfactory.com/showthre...85#post4677785

I did mention that its a tough call. Now what I should have said more was that the forces are "balancing each other out".

In the diagram the blue circle is pushing motion down and the red circle is pushing motion up.

In these situations it is very very hard to know exactly which way the motion breaks. Because in both curves the price is positioned away from the north pole. Away from the north pole means its trying to find the...
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD_M15.jpg Size: 77 KB
  • #66
  • Jun 9, 2011 9:13am Jun 9, 2011 9:13am
Hopefully one day

Quoting egkid
Bro do u know what i wish
U know Jim rogers and He was the co-founder of the Quantum fund with George soros they made company early in 70 i think
Wish one day we meet and do that , it's just a wish but i like ur way of analysis and I'm sure together with my own method and yours we can get very nice set up.

Maybe 1 Day
  • #67
  • Jun 9, 2011 9:26am Jun 9, 2011 9:26am
Quoting Kambooj
Very good question

In a earlier post:
http://www.forexfactory.com/showthre...85#post4677785

I did mention that its a tough call. Now what I should have said more was that the forces are "balancing each other out".

In the diagram the blue circle is pushing motion down and the red circle is pushing motion up.

In these situations it is very very hard to know exactly which way the motion breaks. Because in both curves the price is positioned away from the north pole. Away from the north pole means its trying to...


Outstanding info. Thank you
  • #68
  • Jun 9, 2011 9:40am Jun 9, 2011 9:40am
Here is another view......
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD_M15.jpg Size: 74 KB
  • #69
  • Jun 9, 2011 9:43am Jun 9, 2011 9:43am
Quoting Kambooj
Once the center of a circle breaks, motion goes to the other perimeter of the circle. When the distance beteen the drop and the center of the circle is at a minimum, as the drop happens, 2 things will happen.

In the case of impulses, which is right now, It will speed up and in the case of a corrective motion it will slow down.

In this case it penetrated the red circle, and that was a pretty strong one. it wont go up beyond 4528 region. So 4528 is a good sell.

There are 2 blue circles which it can end up at their "Other End", we dont know...
Is it ok to post what i c on my system ? OR that is distracting your analysis?

2 Levels I'm interested about IF going to sell again will b watching PA
@1.4550 and 1.4585

Catch u later tonight
  • #70
  • Jun 9, 2011 9:52am Jun 9, 2011 9:52am
Post whatever you want, it would be a learning experience for us all, and we are all learners anyways...


Quoting egkid
Is it ok to post what i c on my system ? OR that is distracting your analysis?

2 Levels I'm interested about IF going to sell again will b watching PA
@1.4550 and 1.4585

Catch u later tonight
  • #71
  • Jun 9, 2011 9:54am Jun 9, 2011 9:54am
This is one situation for anybody who is using Indicators to get clear signal

Best entry would be when your 5 minute RSI or 15 Minute RSI, but more I say 5 minute RSI max out at anywhere in the region of 45-55.

I sometimes check this, and I have RSI set at 13.



Quoting Kambooj
Here is another view......
  • #72
  • Jun 9, 2011 10:15am Jun 9, 2011 10:15am
Here is another view from M1
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD_M1.jpg Size: 59 KB
  • #73
  • Jun 9, 2011 10:27am Jun 9, 2011 10:27am
Quoting Kambooj
Here is another view from M1

For this to happen would it not need to break through the top of the red line from a previous post on the 15M?
  • #74
  • Jun 9, 2011 10:35am Jun 9, 2011 10:35am
Yes, but its acceptable,
Right now on M1 I see 4540 as its touch point.

But a forcefull break of 80 pips wont happen.

Difference between 4528 and wherever it ends up shouldnt be less than 20 pips.

yesterday I said 4580 in my earlier post, and it went to 4564.

The basic idea is the red circle is strong and breaking through it wont be easy.

So with 1 touch to the red circle it wont be able to break it completely and go 50 pips above it.

Thats very rare, I have seen it happen around 5% of the time on the M1 time frame, but it wont happen within a period of 3 hours on M15.

If it would happen it will give you at least 30-40 pips before it comes back to it again.
Quoting TraderFitz
For this to happen would it not need to break through the top of the red line from a previous post on the 15M?
  • #75
  • Jun 9, 2011 11:08am Jun 9, 2011 11:08am
I took a SHORT @4631 and am targetting the 4450/42 area.

RSI is set at 7 and on 5 min and 15 min it was in OVERBOUGHT mode and it correlates with time of day to go back with the TRUE TREND.....

I agree with egkid that it could have gone back to the NECKLINE on H&S and SUPPLY at 4664; but, these patterns are always 100% and KAMBOOJ has been on with his calls.

Weighing that in along with my pitchfork analaysis and Kambooj cirlces....I think we are due for another LEG down.

Also, Kambooj....I have my RSI boundaries at 80 and 20..as once it goes thru 80(OVERBOUGHT)down...its a SELL and once it goes thru 20(OVERSOLD)UP....its a BUY....I did not uderstand what you meant about "RSI max out at anywhere in the region of 45-55."...where you talking about the price of EU (4645-55)?

Thanks
  • #76
  • Jun 9, 2011 11:14am Jun 9, 2011 11:14am
If you are short on 4631, then you and egkid are happy campers,

If you meant 4531, its still a good trade,

and yes I believe in 12 hours time we could hit the target that you are mentioning

Quoting IMARICH1
I took a SHORT @4631 and am targetting the 4450/42 area.

RSI is set at 7 and on 5 min and 15 min it was in OVERBOUGHT mode and it correlates with time of day to go back with the TRUE TREND.....

I agree with egkid that it could have gone back to the NECKLINE on H&S and SUPPLY at 4664; but, these patterns are always 100% and KAMBOOJ has been on with his calls.

Weighing that in along with my pitchfork analaysis and Kambooj cirlces....I think we are due for another LEG down.
  • #77
  • Jun 9, 2011 11:16am Jun 9, 2011 11:16am
Kambooj,

I will correct that post....yes, that would have been better but I meant 4531! Lol....

Yesterday I got stopped out when price came back to the LOW after I played the the Bull run up and locked in 15 pips. It knocked me out on when it made another LOW before going to my target and yours of 4640....this is where I wanted to Short it but missed it.....

I asked another question on that past post regarding RSI..
  • #78
  • Jun 9, 2011 11:22am Jun 9, 2011 11:22am
Check out this other view of the same situation...
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD_M1.jpg Size: 63 KB
  • #79
  • Jun 9, 2011 11:55am Jun 9, 2011 11:55am
Kambooj,

If you get time maybe you can answer my question on your RSI statement....refer to my past post or first one...thanks

Also, since this BLUE CIRLCE ON M1 is the NORTH POLE that would mean this area is very strong to penetrate...correct? If so, does that not mean it may bounce upward or just consolidate here until there is enough pounding on it to go thru? I know M1 is not as credible as a 15M chart....but just wondered if this is why we are not traveling SOUTH again...I really expected the TREND today to continue South...at least by now since the London session has ended....I'm suprised.....
  • #80
  • Jun 9, 2011 12:09pm Jun 9, 2011 12:09pm
In a downtrend When RSI gets between 55-65 you sell.
In a strong downtrend when RSI gets between 45-55 you sell

In a uptrend when the RSI gets between 25-35 you buy
In a strong uptrend when the RSI gets between 35-45 you buy

Quoting IMARICH1
I took a SHORT @4631 and am targetting the 4450/42 area.

RSI is set at 7 and on 5 min and 15 min it was in OVERBOUGHT mode and it correlates with time of day to go back with the TRUE TREND.....

I agree with egkid that it could have gone back to the NECKLINE on H&S and SUPPLY at 4664; but, these patterns are always 100% and KAMBOOJ has been on with his calls.

Weighing that in along with my pitchfork analaysis and Kambooj cirlces....I think we are due for another LEG down.

Also, Kambooj....I have my RSI boundaries at 80 and 20..as once it...
0 traders viewing now