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Attachments: Circular Trendlines
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Circular Trendlines

  • #201
  • Jun 15, 2011 12:35pm Jun 15, 2011 12:35pm
The nature of the retracement upwards is not clear at the moment.

Still the currency is showing lots of strength and if it penetrates the inside of the blue circle, then its gonna use the perimeter of the inside of that circle for resistance, and this means still lower lows to be seen.

There is also a chance that the outside of the red circle be used for resistance, and that gives us better short position

Neither of the 2 scenarios are clear at the moment, and best advice is to cash out of all short positions and stay aside.
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD_H1.jpg Size: 59 KB
  • #202
  • Jun 15, 2011 1:24pm Jun 15, 2011 1:24pm
Very nice drop as you predicted. I was in from 4480 and just exited. It made a complete 61.8% retrace to a 1.618% extention along with obeying the circular trendline analysis.
  • #203
  • Jun 15, 2011 1:39pm Jun 15, 2011 1:39pm
Going bullish after seeing the RSI being oversold can be a trap at the moment.

In the example presented here the blue circle is the limits of the downmove, although the red circle is showing a nice curved bottom forming, but note that its showing resistance to the black curvature. More time will provide a better buy position
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD_M1.jpg Size: 54 KB
  • #204
  • Jun 15, 2011 1:43pm Jun 15, 2011 1:43pm
You are welcomed, I exited my postion a bit early around 4250, but profitable, that all that matters to me.

Quoting DaveXXXX
Very nice drop as you predicted. I was in from 4480 and just exited. It made a complete 61.8% retrace to a 1.618% extention along with obeying the circular trendline analysis.
  • #205
  • Jun 15, 2011 2:02pm Jun 15, 2011 2:02pm
Quoting Kambooj
The nature of the retracement upwards is not clear at the moment.

Still the currency is showing lots of strength and if it penetrates the inside of the blue circle, then its gonna use the perimeter of the inside of that circle for resistance, and this means still lower lows to be seen.

There is also a chance that the outside of the red circle be used for resistance, and that gives us better short position

Neither of the 2 scenarios are clear at the moment, and best advice is to cash out of all short positions and stay aside.
Yep In my view we reach to point for retracing
Time to wait and watch PA

Edit:Could start go up after this 1h close , in 50 mints

Catch u tomorrow
  • #206
  • Jun 15, 2011 3:07pm Jun 15, 2011 3:07pm
I am seeing a drop to 4110/07 as well.....Fork still valid...and compliments the CIRCLE analysis....
Attached Image (click to enlarge)
Click to Enlarge Name: EU.JPG Size: 126 KB
  • #207
  • Jun 15, 2011 3:36pm Jun 15, 2011 3:36pm
Quoting egkid
Hi
Good to know that and wish u all the best
i saw that your trades was excelent
looking for investors . pm me
  • #208
  • Jun 15, 2011 3:46pm Jun 15, 2011 3:46pm
H2
Movement of the EUR is going further down. The H2 time frame offers the best picture at the moment. This movement is from one end of the perimeter and it will land on the other end of the circle, maybe doing a false break and landing somewhere in the vicinity of 3980 too.

M1
The best entry for going short at the moment is the vicinity of 4210-4225 region.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: EURUSD_H2.jpg Size: 62 KB
Click to Enlarge Name: EURUSD_M1.jpg Size: 53 KB
  • #209
  • Jun 15, 2011 5:48pm Jun 15, 2011 5:48pm
Quoting Kambooj
H2
Movement of the EUR is going further down. The H2 time frame offers the best picture at the moment. This movement is from one end of the perimeter and it will land on the other end of the circle, maybe doing a false break and landing somewhere in the vicinity of 3980 too.

M1
The best entry for going short at the moment is the vicinity of 4210-4225 region.
I'm going to sleep ,have work after few H

1-E/U will drop more for next weeks (Not enough we need good entry and right Time to get +++)
2-1.4333 my lucky number depends on 4h could reach during next 24H Not after , But I trade with my friend which is the trend so
No buy for me , If we go there have sell limit

Hope not c another drop before retrace that will worry me because fast move in one direction Not Good

CU Need some sleep 4 my work early
  • #210
  • Jun 15, 2011 7:11pm Jun 15, 2011 7:11pm
Hi Kambooj,
Not sure if you trade GBP/JPY or not. If so, I was wondering what your circle TL analysis says about this possible move north from here.
Buy- 130.75 TP- 132.90 SL- 129.58.
I tried applying some circular TL's but I am not even close to proficient enough to do it with any success. I am just curious what the circular TL's say about this trade. I would like to get to the point where I can add the circular TL analysis to my trades but I am not even close to figuring out how to properly apply it yet.
If you don't have anaysis for this pair or don't have the time for analysis for this pair then please don't go out of your way for it. I am already in this trade and was just curious as to what your analysis might say about it.
If you want to know the reasons I have for this trade I can include the details of it, let me know. But basically it is analysis based on Fibs, Gartleys, Straight TL's, Supp/Resis levels, Pivots on GJ, GU & UJ charts.
Attached Image (click to enlarge)
Click to Enlarge Name: GJ.png Size: 21 KB
  • #211
  • Jun 15, 2011 8:39pm Jun 15, 2011 8:39pm
I will post some material on the weekend on ways I do analysis, but I try to get you a GBP/JPY analysis soon.

Quoting DaveXXXX
Hi Kambooj,
Not sure if you trade GBP/JPY or not. If so, I was wondering what your circle TL analysis says about this possible move north from here.
Buy- 130.75 TP- 132.90 SL- 129.58.
I tried applying some circular TL's but I am not even close to proficient enough to do it with any success. I am just curious what the circular TL's say about this trade. I would like to get to the point where I can add the circular TL analysis to my trades but I am not even close to figuring out how to properly apply it yet.
If you don't have anaysis for this pair...
  • #212
  • Jun 15, 2011 8:46pm Jun 15, 2011 8:46pm
The motion on higher time frames is giving some confilicting views, and the trendlines on M1 on this post:

http://www.forexfactory.com/showthre...49#post4695649

have changed and at the moment there is a bit of unclarity, so its best to stay off, however on the same post on H2 chart we still have some more down, and that down motion is yet to be completed.

However I believe we might be heading to a different kind of retracement and one slightly above 4210.

So for now its best to stay aside

Quoting Kambooj
H2
Movement of the EUR is going further down. The H2 time frame offers the best picture at the moment. This movement is from one end of the perimeter and it will land on the other end of the circle, maybe doing a false break and landing somewhere in the vicinity of 3980 too.

M1
The best entry for going short at the moment is the vicinity of 4210-4225 region.
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD_H1.jpg Size: 111 KB
  • #213
  • Jun 15, 2011 8:55pm Jun 15, 2011 8:55pm
Quoting Kambooj

How to forecast the market using curved lines and circles.


Introduction
The information that is posted here was not taken out of a book or text, it is purely my own interpretation of a concept twisted into a curve that I have been experimenting with for the past 2 years, and that is using curved lines as points of resistance and support on a chart and the behaviour of price around these levels.

The Concept
There are many...

what is that software are you using ?
  • #214
  • Jun 15, 2011 9:06pm Jun 15, 2011 9:06pm
I didnt have that much time to take a look at the details, but on the H4 it looks to me that this pair is going down to 128.47 region.

Now your buy might come out ok, but is high risk. I would rather sell this pair, but I cant say the exact spot now, because I have to look at lower time frames and I dont have time right now.

This is a quick analysis on H4..

Quoting DaveXXXX
Hi Kambooj,
Not sure if you trade GBP/JPY or not. If so, I was wondering what your circle TL analysis says about this possible move north from here.
Buy- 130.75 TP- 132.90 SL- 129.58.
I tried applying some circular TL's but I am not even close to proficient enough to do it with any success. I am just curious what the circular TL's say about this trade. I would like to get to the point where I can add the circular TL analysis to my trades but I am not even close to figuring out how to properly apply it yet.
If you don't have anaysis for this pair...
Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPY_H4.jpg Size: 121 KB
  • #215
  • Jun 15, 2011 11:41pm Jun 15, 2011 11:41pm
A Pair of Good Eyes

I dont use any kind of software to draw my curves. All is manual and EYE BALLED to get the best fit for the story that I deduce by looking at them.


Quoting chromeie
what is that software are you using ?
  • #216
  • Jun 15, 2011 11:45pm Jun 15, 2011 11:45pm
Quoting Kambooj
I didnt have that much time to take a look at the details, but on the H4 it looks to me that this pair is going down to 128.47 region.

Now your buy might come out ok, but is high risk. I would rather sell this pair, but I cant say the exact spot now, because I have to look at lower time frames and I dont have time right now.

This is a quick analysis on H4..
Great thanks for the analysis! I actually agree that a down move is eventual. In fact, I believe this upmove is just a gartley for a further down move but I just want to ride it up.
What I will do is lock in 10 pips or so on 2 lots and take profit on 3 (so far at 30pips). Lets see if the 2 lots make my TP or not.
  • #217
  • Jun 15, 2011 11:55pm Jun 15, 2011 11:55pm
You can also check this post:

http://www.forexfactory.com/showthre...81#post4679881

I use NetDania.com

Sorry for the first answer, because I have mentioned it in the first page, but another member later on asked me about it, and I created the above post for him. Hope it helps

Quoting chromeie
what is that software are you using ?
  • #218
  • Edited 8:13am Jun 16, 2011 12:17am | Edited 8:13am
Earlier I did meniton in a differnt post:

http://www.forexfactory.com/showthre...49#post4695649

That the 2 hour time frame is showing some uncompleted motion downwards, and on the lower time frames there was not enough of a indication to make it safe to go for another sell, so we could have gone a bit more up before this surprise drop happened

Well the drop that was just experienced is completing the last leg of what was needed on the H2, Its going to land at 4040-4068 and that finishes the perimeter to perimeter move on H2.

After the drop there is going to be a retracement upwards along the curve of the blue circle shown in the diagram, and this retracement will go enough upwards so that it overlaps the price territory of the first retracement, after that it would drop again towards the black curve below.

The black curve could be shifted slightly as time passes by, but right now its showing a low of 3800, and as mentioned before in a different post:

http://www.forexfactory.com/showthre...43#post4692343

The movement that started from 4690 will end itself in a way that will look similar to a expanding triangle being formed at the end of the drop.
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD_H2.jpg Size: 119 KB
  • #219
  • Jun 16, 2011 7:56am Jun 16, 2011 7:56am
Quoting Kambooj
Earlier I did meniton in a differnt post:

http://www.forexfactory.com/showthre...44#post4696144

That the 2 hour time frame is showing some uncompleted motion downwards, and on the lower time frames there was not enough of a indication to make it safe to go for another sell, so we could have gone a bit more up before this surprise drop happened

Well the drop that was just experienced is completing the last leg of what was needed on the H2, Its going to land at 4040-4068 and that finishes the perimeter to perimeter...


If it broke the blue circle why would it turn and go back up again? Why would it not go down and hit the next resistance at the black circle?
  • #220
  • Jun 16, 2011 8:26am Jun 16, 2011 8:26am
Sorry I had the wrong link on that post, I corrected it, but this is the post that I am referring to:

http://www.forexfactory.com/showthre...49#post4695649

Yes, it is very possible that we go further down to roughly the black circle on the H4 time frame on this post:

http://www.forexfactory.com/showthre...36#post4690236

and thats the vicinity of 3880-3920 region, but at the moment there isnt enough clarity to tell us where is the safest play to short this pair, and the upward spikes are not holding enough clues to say we are reversing. The fact that the support on H2 got broken and motion was just hanging there is a red alarm that the upward draft is very temporary and might be followed by further downward action towards 3900

Quoting TraderFitz
If it broke the blue circle why would it turn and go back up again? Why would it not go down and hit the next resistance at the black circle?
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