Circular Trendlines | Page 19 | 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

  • #361
  • Jun 23, 2011 1:08pm Jun 23, 2011 1:08pm
Try it this way:

First draw all the ones on the outside. This is shown by the red circles.

Second Then try to find Crescents and EYE Structures From the motion. After you find all the Crescents and EYE structure Look For ones where motion has respected them the most. This is the 2 green circles. The half moon is a bit big, but usually they are not that big.

There arent any important EYE structures in this time frame that are worthy of attention or maybe I missed some, but you want to see whether you can find a curve channel of some sort or the other where motion is respecting it. In here I have highlighted the important ones in white. But you can find other ones too. Except it makes this chart very crowded.

Quoting egkid
I try to learn drew circle , here we go
Looking forward to know your comment
Attached Image (click to enlarge)
Click to Enlarge Name: circle1.gif Size: 40 KB
  • #362
  • Edited 1:51pm Jun 23, 2011 1:39pm | Edited 1:51pm
I have a rough draft of the 3 steps I follow to draw these curves.

1. First draw all exterior circles
2. Find all EYE structures
Please Note:
All EYE Structures Must be situated at NW, or NE, or SW or SE corner of a circle.
3. Find all CRESCENT and HALF MOON structures.
4. Eliminate the ones that dont make sense.

"Making Sense" is a difficult topic to explain now, but basic idea is that if the path shows some type of a channel where future price Looks Like its going towards then "It Makes Sense". I will put more postings on this, because cant explain in few sentences.

You have to do all 4 steps on the same chart, and I didnt want to clutter space to make it difficult so each step is on the same chart for a quick reference.

Quoting egkid
I try to learn drew circle , here we go
Looking forward to know your comment
Attached Image(s) (click to enlarge)
Click to Enlarge Name: CircleDrawing_EURUSD_H1.jpg Size: 63 KB
Click to Enlarge Name: CircleDrawing2_EURUSD_H1.jpg Size: 88 KB
Click to Enlarge Name: CircleDrawing3_EURUSD_H1.jpg Size: 86 KB
  • #363
  • Jun 23, 2011 1:41pm Jun 23, 2011 1:41pm
Quoting Kambooj
Try it this way:

First draw all the ones on the outside. This is shown by the red circles.

Second Then try to find Crescents and EYE Structures From the motion. After you find all the Crescents and EYE structure Look For ones where motion has respected them the most. This is the 2 green circles. The half moon is a bit big, but usually they are not that big.

There arent any important EYE structures in this time frame that are worthy of attention or maybe I missed some, but you want to see whether you can find a curve channel of some sort...
Thanks for helping
circle very important but will take sometime
I will try to test and drew it on my system
How long u been since start with this idea?
  • #364
  • Jun 23, 2011 1:43pm Jun 23, 2011 1:43pm
For about 2 years now, since I was trying to figure out how to make Median Line analysis and Pitchfork work better. I will put a posting on that too, how to combine Pitchfork and Median Line analysis with the circles. Its very very powerfull.

Quoting egkid
Thanks for helping
circle very important but will take sometime
I will try to test and drew it on my system
How long u been since start with this idea?
  • #365
  • Jun 23, 2011 2:19pm Jun 23, 2011 2:19pm
Quoting egkid
I'm long again @4150 target 4230 , 4280
good girl
  • #366
  • Jun 23, 2011 2:23pm Jun 23, 2011 2:23pm
Possible short coming up? Maybe 4300-4320 area?
It is the 61.8% retrace from 4441 to 4126.
  • #367
  • Jun 23, 2011 2:23pm Jun 23, 2011 2:23pm
Wow I didn't expect it to go up so soon lol, I guess I shouldn't go fishing when there is good trading opportunities
Lybi lydey, lybi vragov.
  • #368
  • Jun 23, 2011 2:24pm Jun 23, 2011 2:24pm
looks like hammer pattern in 4h
Attached Image (click to enlarge)
Click to Enlarge Name: hummer.gif Size: 12 KB
  • #369
  • Jun 23, 2011 2:28pm Jun 23, 2011 2:28pm
Quoting egkid
looks like hammer pattern in 4h
I use InterbankFx Platform MT4 and it doesn't show hammer on my chart. How come? Bad charts? Bad broker? Bad vision? lol
Lybi lydey, lybi vragov.
  • #370
  • Jun 23, 2011 2:38pm Jun 23, 2011 2:38pm
I wouldnt advice going short, specially on a single spike. Wait for a retracement happening, that way its better, unless you can go on the M1 and find a good spot to trade. But for now just hold off going short.

Use your RSI to see what can be done.

Usually the best opportunity in this case comes within

An Equal Amount of Time,
OR
Twice the amount of Time

That it took for the drop from 4400 to complete at 4130 region.

Again too risky right now


Quoting DaveXXXX
Possible short coming up? Maybe 4300-4320 area?
It is the 61.8% retrace from 4441 to 4126.
  • #371
  • Jun 23, 2011 2:44pm Jun 23, 2011 2:44pm
For now its a buy until the region you have mentioned, and there might be one more retracement, but we will have to see.

Use the Fibonacci ratios of
78.6 and 88.6 more for places to go on a sell in this type of market.


Quoting DaveXXXX
Possible short coming up? Maybe 4300-4320 area?
It is the 61.8% retrace from 4441 to 4126.
  • #372
  • Jun 23, 2011 2:58pm Jun 23, 2011 2:58pm
If its gonna go up along the red curve in this post:

http://www.forexfactory.com/showthre...41#post4716741

There will be more touch points along it.

You can see this phenomenon happening in this post:

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

The weak area of the circle is its East and West region, so when motion tries to climb on a curve such as the lower red one in the above post, and tries to reach the weak area of the circle, along its climb it will hit the curve more often, giving you more opportunities to go long. Its too early to say whether we are gonna go up considerably, or how the up motion is supposed to be (if any), but its worth noting that you might have another opportunity to go long

We'll see


Quoting Kambooj
For now its a buy until the region you have mentioned, and there might be one more retracement, but we will have to see.

Use the Fibonacci ratios of
78.6 and 88.6 more for places to go on a sell in this type of market.
  • #373
  • Jun 23, 2011 3:58pm Jun 23, 2011 3:58pm
Quoting Pip Maker
I use InterbankFx Platform MT4 and it doesn't show hammer on my chart. How come? Bad charts? Bad broker? Bad vision? lol
It must be that your broker has a different time zone hence the 4hr candles look different from those that have another time zone. In either case, I wouldn't consider it an ideal hammer as the body is a bit too big.
  • #374
  • Jun 23, 2011 4:06pm Jun 23, 2011 4:06pm
Quoting Kambooj
For now its a buy until the region you have mentioned, and there might be one more retracement, but we will have to see.
If it drops down to 4195 area from here you think it might be a good buy to the 4300 area?
I think I might put a pending order in with SL below 4120.
Will monitor the charts to see that it actually drop from here without making another high.
  • #375
  • Jun 23, 2011 4:24pm Jun 23, 2011 4:24pm
Quoting DaveXXXX
It must be that your broker has a different time zone hence the 4hr candles look different from those that have another time zone. In either case, I wouldn't consider it an ideal hammer as the body is a bit too big.
Please take a look at my 4H chart and I don't even have a hammer. Its body is bigger than its tail.
Attached Image (click to enlarge)
Click to Enlarge Name: hammer.gif Size: 23 KB
Lybi lydey, lybi vragov.
  • #376
  • Jun 23, 2011 5:40pm Jun 23, 2011 5:40pm
Quoting egkid
I'm long again @4150 target 4230 , 4280
closed@4275
125++
Will watch PA From here 1.4280 and 1.4330 till my daily close.
  • #377
  • Jun 23, 2011 5:56pm Jun 23, 2011 5:56pm
Quoting Pip Maker
Please take a look at my 4H chart and I don't even have a hammer. Its body is bigger than its tail.
Attachment
I think your broker's time zone is two hours off of mine. That is why your 4HR candle looks different.
  • #378
  • Jun 23, 2011 6:39pm Jun 23, 2011 6:39pm
Well my live broker is fxsol but I use Interbankfx for MT4 platform. I always thought that candlesticks always should and did looked the same with different brokers.
Lybi lydey, lybi vragov.
  • #379
  • Jun 23, 2011 7:17pm Jun 23, 2011 7:17pm
Kambooj,
Thank you for your work here,
I have perfect MT4 circles now
working the zoom and time frame, scale
You can copy a circle just like a trend line select the circle and hold the Ctrl
key down and drag



Quoting Kambooj
Yes you can,
but you have to play with the scale settings all the time, and you need a separate window for each time frame and you dont have the copy tool so everytime you have to go and redraw circle, while with netdania is very fast and you have the copy tool too.
Attached Image (click to enlarge)
Click to Enlarge Name: aususd.gif Size: 26 KB
  • #380
  • Jun 23, 2011 11:26pm Jun 23, 2011 11:26pm
You are welcomed,
Thanks for sharing the info, didnt know how to copy in MT4.
Thanks again.

Quoting toddanderson
Kambooj,
Thank you for your work here,
I have perfect MT4 circles now
working the zoom and time frame, scale
You can copy a circle just like a trend line select the circle and hold the Ctrl
key down and drag
0 traders viewing now