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Circular Trendlines

  • #21
  • Jun 8, 2011 7:35am Jun 8, 2011 7:35am
I guess I rushed a bit in trying to give a example and forecast at the same time, and it didnt go up till 4750 as I thought.

The circles did kind of get smaller according to XxLessoxX in the following post:

http://www.forexfactory.com/showthre...51#post4673051

but what I also have observed is that sometimes smaller circles create tremendous amount of energy in the opposite direction, something like in the diagram that is attached, and they really bend movement to the limits around them just like its done now. So got be carefull about saying that the trend is completely changing

http://www.forexfactory.com/showthre...51#post4673051

Quoting Kambooj
My conclusion

Long to 4750
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD_M15.jpg Size: 82 KB
  • #22
  • Jun 8, 2011 8:19am Jun 8, 2011 8:19am
Hey bro,

was studying your stuff all day. haha.

u mentioned north poles and south poles....i did some calculation on my own that they occupy a height of roughly 23%..

does this number make any sense to you or it is more elusive than i think?

thanks
  • #23
  • Jun 8, 2011 8:54am Jun 8, 2011 8:54am
I dont have exact numbers, but I would say, yes, that is approximately right, because its within that 20-25% that its hard to break, but once broken, its a real power surge downwards. Thats why you see a lot of motions that hit a circle, like the drop from 4695 lyesterday to 4644 roughly landed very close to the mentioned area,

give or take few percentages. But it couldnt go through that circle, so it contoured around it, and my guess is that we are going to have a low around maybe 4580,

and then a power surge upwards. I dont think the trend is changing. I think we are going to see a very good setup soon.

You can go to lower time frames such as M1 and get a better picture.


Quoting zelandia
Hey bro,

was studying your stuff all day. haha.

u mentioned north poles and south poles....i did some calculation on my own that they occupy a height of roughly 23%..

does this number make any sense to you or it is more elusive than i think?

thanks
  • #24
  • Jun 8, 2011 8:54am Jun 8, 2011 8:54am
Are you profitable with this system?
Searching for a cure...:nerd:
  • #25
  • Jun 8, 2011 8:55am Jun 8, 2011 8:55am
Quoting Kambooj
I guess I rushed a bit in trying to give a example and forecast at the same time, and it didnt go up till 4750 as I thought.

The circles did kind of get smaller according to XxLessoxX in the following post:

http://www.forexfactory.com/showthre...51#post4673051

but what I also have observed is that sometimes smaller circles create tremendous amount of energy in the opposite direction, something like in the diagram that is attached, and they really bend movement to the limits around them just like its done now. So got be...
E/U
I'm still flat no open position,
There is a war bulls and bears@4636 if bulls win next war between 4790-4820 @ this level will check my daily and weekly
  • #26
  • Jun 8, 2011 9:05am Jun 8, 2011 9:05am
Yes, if you manage your money well.
Profitablility and forecasting are 2 different things.

If you use the circles to understand how much the movement can go against you and at what point it reaches a certain tough ground or it will find ease in moving then you can manage your lots easier, and you will have few lots ready at every support level to go in with.

Now the best way I have found that works well, is to wait for the time slot of 10:15 to 12:00 PM EST, and figure out which circle is being hit at that time. What happens is that the true motion is in the opposite direction.

So for now I would suspect 4580 to get hit, then I check my circles and see whats the lowest it can go beyond that.
I will go with minimum lot size at 4580 and add more lots as the motion goes up or better yet, go with 2 lots, set 1 lot at a fixed profit of 20 pips and bring stoploss to entry on the second lot and let this one go for 50-70 pips or whichever other circle that you think it will go to

Quoting funlovinj
Are you profitable with this system?
  • #27
  • Jun 8, 2011 9:10am Jun 8, 2011 9:10am
Too early to become bullish. Lets wait a bit. You can put entry order to buy at 4650

Quoting egkid
E/U
I'm still flat no open position,
There is a war bulls and bears@4636 if bulls win next war between 4790-4820 @ this level will check my daily and weekly
  • #28
  • Jun 8, 2011 9:14am Jun 8, 2011 9:14am
Quoting Kambooj
Yes, if you manage your money well.
Profitablility and forecasting are 2 different things.

If you use the circles to understand how much the movement can go against you and at what point it reaches a certain tough ground or it will find ease in moving then you can manage your lots easier, and you will have few lots ready at every support level to go in with.

Now the best way I have found that works well, is to wait for the time slot of 10:15 to 12:00 PM EST, and figure out which circle is being hit at that time. What happens is that the true...

Ill take that as a no then
Searching for a cure...:nerd:
  • #29
  • Jun 8, 2011 9:17am Jun 8, 2011 9:17am
Quoting Kambooj
Too early to become bullish. Lets wait a bit. You can put entry order to buy at 4650
I can see that there are a lot of trades coming up through this system, but i think i am finding it difficult to understand it. So please explain with charts, that will help a great deal.
  • #30
  • Jun 8, 2011 9:23am Jun 8, 2011 9:23am
Quoting funlovinj
Ill take that as a no then
erm bro...it is. lol. at least for me.

i guess that when u put elliott waves to it some more clarity is available.
  • #31
  • Jun 8, 2011 9:31am Jun 8, 2011 9:31am
I will try my best

Quoting easy123
I can see that there are a lot of trades coming up through this system, but i think i am finding it difficult to understand it. So please explain with charts, that will help a great deal.
  • #32
  • Jun 8, 2011 9:35am Jun 8, 2011 9:35am
H1
On this time frame we can see movement trying to approach a specific area of the red circle (north pole) which is a bit tough to break. The red circle has provided ample support and would not be easy for the movement to penetrate through it now, We could see one more bounce from this circle, so the probability of a low of 4580 exists, but after that its upwards again.

M5
The buy zone on M5 encompasse a area of 30 pips, from 4580 to 4610, and at the moment its not clear where it will hit for another low, but anything beyond 4580 will definetly nullify the circles and the start of a downtrend might be happening.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: EURUSD_H1.jpg Size: 59 KB
Click to Enlarge Name: EURUSD_M5.jpg Size: 56 KB
  • #33
  • Jun 8, 2011 9:39am Jun 8, 2011 9:39am
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.


Quoting easy123
I can see that there are a lot of trades coming up through this system, but i think i am finding it difficult to understand it. So please explain with charts, that will help a great deal.
  • #34
  • Jun 8, 2011 9:39am Jun 8, 2011 9:39am
hey bro,

it is easy to break INTO an eye,

but it is TOUGH to break out of it right?

or is it both tough.
  • #35
  • Jun 8, 2011 9:43am Jun 8, 2011 9:43am
Yes,
To break out of a eye, you need price to get congested really well towards the end of the eye, and then it will make small breaks and then a huge one.


Quoting zelandia
hey bro,

it is easy to break INTO an eye,

but it is TOUGH to break out of it right?

or is it both tough.
  • #36
  • Jun 8, 2011 10:07am Jun 8, 2011 10:07am
Between the 10:30 - 12:00 PM, ususally the market provides good setups, a possible path is shown below. Stoplosses can be placed outside the perimeter of the circle where you have calculated the maximum move to be
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD_M1.jpg Size: 67 KB
  • #37
  • Jun 8, 2011 10:13am Jun 8, 2011 10:13am
LOL bro. the moment u posted it the falling knives keyed -10 pips away to smash the stop loss haha.

guess we look at the close of 4580 now?
  • #38
  • Jun 8, 2011 10:24am Jun 8, 2011 10:24am
Quoting Kambooj
Between the 10:30 - 12:00 PM, ususally the market provides good setups, a possible path is shown below. Stoplosses can be placed outside the perimeter of the circle where you have calculated the maximum move to be

Looks like some SLs just got taken out !
  • #39
  • Jun 8, 2011 10:31am Jun 8, 2011 10:31am
Yes, I know,
still watching it for any signs of reversal at lower prices...
or any fake breaks

Quoting profx
Looks like some SLs just got taken out !
  • #40
  • Jun 8, 2011 10:34am Jun 8, 2011 10:34am
Quoting Kambooj
Yes, I know,
still watching it for any signs of reversal at lower prices...
or any fake breaks

i reckon could possibly test LTL on daily chart. (530-550). Good analysis btw ... you identified possible spike down. Waiting to see if reversal also comes to fruition.
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