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Circular Trendlines

  • #321
  • Jun 22, 2011 9:49am Jun 22, 2011 9:49am
Quoting Kambooj
First day of Summer was yesterday June 21st, and markets usually become very unpredictable during June, July, and August. I guess the kids are out of school and a lot of traders in the big banks like to take summer vacation. So you would notice that no strong trend rarely start in June and July. The big moves usually start from the end of august till mid december and mid January till Mid may.

The one phenomenon that becomes increasingly strong, is wipsaw action, and different opinions and the thought that some trend is going to change, while...

These are the thoughts of a seasoned pro.
Your posts are very informative and thought provoking.
Thanks for the sharing.

  • #322
  • Jun 22, 2011 9:59am Jun 22, 2011 9:59am
The EUR will be heading to the lows of 4500 before a reversal takes place. The reversal will be at least close to 50% of the rise from 4070, and it could happen within a few days from now or middle of next week.

The eye structure between the 2 black lines or the crescent structure between the dotted black and red curves could be the trading zones for the weeks to com.

If your account allows hedging, give yourself some room and prepare for a sell at 4515-4540 region.
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD_H1.jpg Size: 66 KB
  • #323
  • Jun 22, 2011 11:15am Jun 22, 2011 11:15am
There is one upward motion left for this pair to finish its uptrend at the 4480-4520 region...
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD_M5.jpg Size: 65 KB
  • #324
  • Jun 22, 2011 11:40am Jun 22, 2011 11:40am
Quoting Kambooj
There is one upward motion left for this pair to finish its uptrend at the 4480-4520 region...
Higher.....My previous post
  • #325
  • Jun 22, 2011 11:53am Jun 22, 2011 11:53am
Does your weekly still read Bearish??
Quoting egkid
Higher.....My previous post
  • #326
  • Jun 22, 2011 12:03pm Jun 22, 2011 12:03pm
Quoting Kambooj
Does your weekly still read Bearish??
Yes
  • #327
  • Jun 22, 2011 12:04pm Jun 22, 2011 12:04pm
Here is a mini analysis about 4500 region being max...


I dont see beyond 4520-40 very much because of the 2 hour chart shown. There is a time proportion that takes place in hitting the lower red curve. Also as the motion is going upwards along the red curve, touch points to the curve increase as it goes higher. You can see this phenomenon in the posting I had earlier:

http://www.forexfactory.com/showthre...66#post4716566

I believe that the drop from 4694 is a 3 sectional move, with the third section missing.

Your scenario is shown in the blue dotted arrow, which then makes it too soon to hit the upper blue curve.


Quoting egkid
Higher.....My previous post
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD_H2.jpg Size: 60 KB
  • #328
  • Jun 22, 2011 12:22pm Jun 22, 2011 12:22pm
Quoting Kambooj
I believe that the drop from 4694 is a 3 sectional move, with the third section missing.
That what i said yesterday in my EW chart
Have sell limit UP there
  • #329
  • Jun 22, 2011 12:48pm Jun 22, 2011 12:48pm
ales gut)))
Attached Image (click to enlarge)
Click to Enlarge Name: нелинейный кан .gif Size: 34 KB
  • #330
  • Jun 22, 2011 1:07pm Jun 22, 2011 1:07pm
Quoting Sergey Kirov
ales gut)))
can u tell more
  • #331
  • Jun 22, 2011 1:23pm Jun 22, 2011 1:23pm
Quoting egkid
can u tell more
sustem2 pro
Attached Image (click to enlarge)
Click to Enlarge Name: нелинейный кан .gif Size: 32 KB
  • #332
  • Jun 22, 2011 1:23pm Jun 22, 2011 1:23pm
Hi Kambooj,
Any outlook on G/U? There was a huge drop today. Wondering what might be next. Might be discounted for a nice purchase maybe?
  • #333
  • Jun 22, 2011 1:43pm Jun 22, 2011 1:43pm
I cant say very quickly whats happening, need some time to take a look into it, and will do some postings for it tonight. But too busy monitoring the EUR at the moment.


Quoting DaveXXXX
Hi Kambooj,
Any outlook on G/U? There was a huge drop today. Wondering what might be next. Might be discounted for a nice purchase maybe?
  • #334
  • Jun 22, 2011 1:44pm Jun 22, 2011 1:44pm
realiti chart
Attached Image (click to enlarge)
Click to Enlarge Name: нелинейный кан .gif Size: 35 KB
  • #335
  • Jun 22, 2011 2:05pm Jun 22, 2011 2:05pm
for now only i buy@4375 depends on 1h close i maybe let or close
want c close above 1.44 to let it open
  • #336
  • Jun 22, 2011 2:11pm Jun 22, 2011 2:11pm
Quoting Kambooj
I cant say very quickly whats happening, need some time to take a look into it, and will do some postings for it tonight. But too busy monitoring the EUR at the moment.
No problem. I don't think the G/U will be taking off soon.
  • #337
  • Jun 22, 2011 2:13pm Jun 22, 2011 2:13pm
I see a solid break coming down to 4313. I dont want to post any charts yet.
Quoting egkid
for now only i buy@4375 depends on 1h close i maybe let or close
want c close above 1.44 to let it open
  • #338
  • Jun 22, 2011 2:36pm Jun 22, 2011 2:36pm
This is the chart I was looking at ...
Quoting Kambooj
I see a solid break coming down to 4313. I dont want to post any charts yet.
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD_M15.jpg Size: 69 KB
  • #339
  • Jun 22, 2011 4:45pm Jun 22, 2011 4:45pm
What is the best level to go long from, until 1.4500 area?
Lybi lydey, lybi vragov.
  • #340
  • Jun 22, 2011 5:03pm Jun 22, 2011 5:03pm
Right now we are short, I dont think we are going long for a while.

In my first posting this morning:

http://www.forexfactory.com/showthre...26#post4715926

I was showing the region of 4400-4440 being a resistance,

Because on lower time frame motion was starting to curve up:

http://www.forexfactory.com/showthre...66#post4716566

Then I had to consider the risk of how much up can it go, and that is why I had this post:

http://www.forexfactory.com/showthre...58#post4716258

But when it came down and broke the red trendline on the M5 chart:

http://www.forexfactory.com/showthre...66#post4716566

There is only so much ACCEPTABLE room that it could go down to, and once it was beyond that, then on this post:

http://www.forexfactory.com/showthre...35#post4717235

I said its going down.

So for now we are down, and we will soon see 4300 being broken.


Quoting Pip Maker
What is the best level to go long from, until 1.4500 area?
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