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Circular Trendlines

  • #221
  • Jun 16, 2011 8:52am Jun 16, 2011 8:52am
H4
Further downside action is very much possible towards the lows of 3900, where the black curve is on H4.

This would imply that current upward motion might be a bull trap. The only way that this can be verified that is not a bull trap is that if 4180 gets broken severely upwards as indicated on the M5 time frame, otherwise if 4180 is respected then sell at 4180 for a target of 4100 followed by 3950
Attached Image(s) (click to enlarge)
Click to Enlarge Name: EURUSD_H4.jpg Size: 104 KB
Click to Enlarge Name: EURUSD_M5.jpg Size: 90 KB
  • #222
  • Jun 16, 2011 8:57am Jun 16, 2011 8:57am
Still Waiting my next move , Bro tell me what u c with this circle
For me sell [email protected]
Attached Image (click to enlarge)
Click to Enlarge Name: 4heu.gif Size: 17 KB
  • #223
  • Jun 16, 2011 9:04am Jun 16, 2011 9:04am
I see price going through the south node, which if it can penetrate through it, which looks like its doing that, it will render the circle useless, and we are looking for next support level.

Also a rush through the center of the circle is observed too.


Quoting egkid
Still Waiting my next move , Bro tell me what u c with this circle
For me sell [email protected]
Attachment
  • #224
  • Jun 16, 2011 1:16pm Jun 16, 2011 1:16pm
M30
The activity this morning was not clear, but towards the end of the session, it looks like the EUR will like to attempt to turn around, but it does not have the sustanance to do it.

Penetration through the red band shown here would not be a easy task, and certainly the thrust that is required to go through the red solid circle is missing.

This will only make this pair to go further south and make another attempt to turn around. Right now there is a possibility of 4216-25 being reached, but that is as far as this pair will go for now.

M5
The setup here is calling for one more high. This high could be reached at the close of the todays session. If its reached it would be a good sell opportunity, however this setup might not be the one that will thrust the EUR downwards towards the 4080 zone, and price could have the tendency to agitate between 4100 and 4115 for some time before we go further down.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: EURUSD_M30.jpg Size: 120 KB
Click to Enlarge Name: EURUSD_M5.jpg Size: 131 KB
  • #225
  • Jun 16, 2011 2:11pm Jun 16, 2011 2:11pm
Quoting Kambooj
M30
The activity this morning was not clear, but towards the end of the session, it looks like the EUR will like to attempt to turn around, but it does not have the sustanance to do it.

Penetration through the red band shown here would not be a easy task, and certainly the thrust that is required to go through the red solid circle is missing.

This will only make this pair to go further south and make another attempt to turn around. Right now there is a possibility of 4216-25 being reached, but that is as far as this pair will go for now.

M5
The...
My target for this week was 1.4090 - 1.41 and it done
My next target depends on my own chart and Plan But "Remember i could b wrong but i swim my own race"
3690
Attached Image
  • #226
  • Jun 16, 2011 3:26pm Jun 16, 2011 3:26pm
Quoting DaveXXXX
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.
I am glad I read your analysis when I did. I pretty quickly ended up getting stopped out on those 2 lots at 10 pips. Got about 28 pips on the other 3 lots.
Thanks again Kambooj.
  • #227
  • Jun 16, 2011 7:37pm Jun 16, 2011 7:37pm
For the next little while, probably until mid next week we will be in a range bound market. That means sell within the range of 4200-4220 and buy within the range of 4050-4100.

You now have your first sell opportunity, at 4190-4220, then another buy will come about, and then the last sell opportunity.

Also be prepared to get few false breaks, so 4050 could be more like 4030 and 4220 could be more like 4240

The picture below will explain why
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD_M30.jpg Size: 201 KB
  • #228
  • Jun 16, 2011 8:47pm Jun 16, 2011 8:47pm
Quoting Kambooj
For the next little while, probably until mid next week we will be in a range bound market. That means sell within the range of 4200-4220 and buy within the range of 4050-4100.

You now have your first sell opportunity, at 4190-4220, then another buy will come about, and then the last sell opportunity.

Also be prepared to get few false breaks, so 4050 could be more like 4030 and 4220 could be more like 4240

The picture below will explain why
bro it's really very interesting method you have here thanks for sharing it
best regards Tawfik
  • #229
  • Jun 16, 2011 10:15pm Jun 16, 2011 10:15pm
Quoting Kambooj
For the next little while, probably until mid next week we will be in a range bound market. That means sell within the range of 4200-4220 and buy within the range of 4050-4100.

You now have your first sell opportunity, at 4190-4220, then another buy will come about, and then the last sell opportunity.

Also be prepared to get few false breaks, so 4050 could be more like 4030 and 4220 could be more like 4240

The picture below will explain why
great explanation dan share
  • #230
  • Jun 17, 2011 12:40am Jun 17, 2011 12:40am
Since in the post here:

http://www.forexfactory.com/showthre...47#post4700047

I have mentioned that till middle of next week we will be experiencing some sort of a rangebound market, one of the best indicators to use along with your method of analysis in this case is the RSI.

In this situation the Hourly and the M15/M30 RSI will be one of the best indication of a buy or sell setup.

When a market is going through impulse situations and travelling quite fast, it becomes a bit more difficult to use this indicator on its own, but you will find that this indicator works really well in rangebound markets.

Good Luck
  • #231
  • Jun 17, 2011 4:43am Jun 17, 2011 4:43am
Quoting Kambooj
Since in the post here:

http://www.forexfactory.com/showthre...47#post4700047

I have mentioned that till middle of next week we will be experiencing some sort of a rangebound market, one of the best indicators to use along with your method of analysis in this case is the RSI.

In this situation the Hourly and the M15/M30 RSI will be one of the best indication of a buy or sell setup.

When a market is going through impulse situations and travelling quite fast, it becomes a bit more difficult to use this indicator on its...
Kambooj,

Your analysis is like God sent, keep it up. It helps see ranges in circular motion. Any analysis on USD/CAD, I am a little bit cautious going long on CAD because we have not had loonie above parity for such a long period of time.

DragonFire
There is always a price for promises you don't keep!
  • #232
  • Jun 17, 2011 5:08am Jun 17, 2011 5:08am
Had sell limit@ 4275 and 4285
let's wait and watch
GL
  • #233
  • Jun 17, 2011 7:37am Jun 17, 2011 7:37am
I will try to get a USD/CAD analysis out, being Canadian I should trade that pair, but I never do

So I dont know where our Loonie is going. I know they have the picture of Canada Wild Geese On them, and they migrate to Florida every now and then. So South, I Suspect, is where we are heading in the long run

Quoting DragonFire
Kambooj,

Your analysis is like God sent, keep it up. It helps see ranges in circular motion. Any analysis on USD/CAD, I am a little bit cautious going long on CAD because we have not had loonie above parity for such a long period of time.

DragonFire
  • #234
  • Jun 17, 2011 8:00am Jun 17, 2011 8:00am
The 4300 level should hold firm for now. It was a tough level to break through downwards, and the upward motion will be a retest of that level.

I suspect that there is a good sell setup waiting to happen within the next hour and half. Whatever High it reaches by 10:15 - 11:00 AM, thats the price to sell this pair
  • #235
  • Jun 17, 2011 8:38am Jun 17, 2011 8:38am
I have TWO Sells at 4202 and 4265 and may take another at 4311 or wherever PA is at around 10:45...

egkid....didn;t you post awhile ago that you were looking for 4311? Anyways, I was in Profit when it dropped to 4120 but I was sleeping so I couldn't bank any of it. I don;t have a trailing stop with IBFX.

Thanks for the analysis Kambooj!
  • #236
  • Jun 17, 2011 8:51am Jun 17, 2011 8:51am
Quoting IMARICH1
I have TWO Sells at 4202 and 4265 and may take another at 4311 or wherever PA is at around 10:45...

egkid....didn;t you post awhile ago that you were looking for 4311? Anyways, I was in Profit when it dropped to 4120 but I was sleeping so I couldn't bank any of it. I don;t have a trailing stop with IBFX.

Thanks for the analysis Kambooj!
4310 to 4330 was my entry yesterday BUT
My morning Post@ e/u

Quoting egkid
Soon will know if this quote is right or wrong
"It's a basic fact of life that many things 'everybody knows' turn out to be wrong."

This was my Target in last 2 days But , I moved it....... like everything in earth r moving.
  • #237
  • Jun 17, 2011 8:54am Jun 17, 2011 8:54am
Quoting egkid
Had sell limit@ 4275 and 4285
let's wait and watch
GL
My order Activated
  • #238
  • Jun 17, 2011 9:10am Jun 17, 2011 9:10am
The movement of the EUR will be bound within the EYE structure shown between the blue and red curves. We will stil experiecne a reaction downwards, but its going to be a mediocare type of reaction, and the more stronger reaction will come next week. For now we are in a sell position on this pair.
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD_M15.jpg Size: 82 KB
  • #239
  • Jun 17, 2011 9:19am Jun 17, 2011 9:19am
Quoting Kambooj
The movement of the EUR will be bound within the EYE structure shown between the blue and red curves. We will stil experiecne a reaction downwards, but its going to be a mediocare type of reaction, and the more stronger reaction will come next week. For now we are in a sell position on this pair.
Bears fight hard and bulls take it slowly to absorb thier power then they will strike "This how it see it in psychology way"

Stress time but let's watch
Same situation
Inserted Video
  • #240
  • Jun 17, 2011 10:24am Jun 17, 2011 10:24am
The E/U will not drop.
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