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Circular Trendlines

  • #581
  • Jul 5, 2011 9:34pm Jul 5, 2011 9:34pm
Look closely at the Ultra high volume and the lack of effort to rise. I am seeing weakness in this pair and I am seeing it right now. Lots of No Demand. Professionals may be selling here. Bulls be carefull. Looks like short city to me.
Attached Image (click to enlarge)
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  • #582
  • Edited 11:46pm Jul 5, 2011 11:30pm | Edited 11:46pm
Notice with me that he was able to break the 4470 price, the upward trend could continue until 4560 and could not break its downtrend will complete until 4370
God knows

http://www.mediafire.com/i/?6lf0yngz6ynndoa

http://www.mediafire.com/i/?6lf0yngz6ynndoa
  • #583
  • Jul 5, 2011 11:40pm Jul 5, 2011 11:40pm
Notice with me that he was able to break the 4470 price, the upward trend could continue until 4560 and could not break its downtrend will complete until 4370

God knows
http://www.mediafire.com/i/?6lf0yngz6ynndoahttp://www.mediafire.com/i/?6lf0yngz6ynndoa
http://www.mediafire.com/i/?6lf0yngz6ynndoa
Attached Image (click to enlarge)
Click to Enlarge Name: 7-6-2011 9-23-19 AM.jpg Size: 205 KB
  • #584
  • Jul 6, 2011 12:05am Jul 6, 2011 12:05am
Quoting Pip Maker
Eur/usd I see next target @ 1.4434 1st Support, right now candle formed right under the Daily Pivot Point.
Target hit, over 100 pips.
Lybi lydey, lybi vragov.
  • #585
  • Jul 6, 2011 1:01am Jul 6, 2011 1:01am
see
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  • #586
  • Jul 6, 2011 1:19am Jul 6, 2011 1:19am
Quoting egkid
This is hard time no body know for sure where it's going but we do our best
For me i c next stop 4340
PA Now 4355
Time to watch How PA acting here for while.
C U , Back to my work
  • #587
  • Jul 6, 2011 4:55am Jul 6, 2011 4:55am
Congragulations, but its going too strong at the moment to get in on any type of trade.

Its the "I am falling and I cant getup scenario"

Quoting egkid
PA Now 4355
Time to watch How PA acting here for while.
C U , Back to my work
  • #588
  • Jul 6, 2011 5:22am Jul 6, 2011 5:22am
The movement will stop at the other end of the perimeter of the circle shown
Attached Image (click to enlarge)
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  • #589
  • Edited 6:03am Jul 6, 2011 6:02am | Edited 6:03am
Kambooj, your "thinking outside the box" is to be commended. I want to show you what the circles look like on MetaTrader4 where we only have the Fibonacci Arcs to work with.

The Yellow is @ default Scale of 1.0 and the Blue is Scaled to 5.0.

Look at the interesting areas where price hit the circles. The Yellow circle did not want to stay as a circle and came up with these very interesting levels.

I am not saying that my drawings are correctly chosen; I still need some practising as you mentioned in your very first post, but I am hoping to be able to reproduce what you are, sooner than later.

Where else would you suggest I draw the next circle, please?

Best wishes.
Attached Image (click to enlarge)
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Hercs
  • #590
  • Jul 6, 2011 6:27am Jul 6, 2011 6:27am
Metatrader gives you the option of viewing curves as elipses and also circles depending on the scale factor that you use. You can make it a circle using fractional values such as 0.1, etc.

Overall you are looking to line up points where there is a bounce off the perimeter or the center of the ellipse/circle

If motion crosses a curve, sometimes it doesnt say anything and could be false signals.

The bounce off the yellow lines is actually the bounce off the perimeter of a elliptical structure that we cant see the whole thing, but you need to find a third arrow along the same yellow ellipse which also shows a reaction and not a cross over of the perimeter. The June 24th spike will do.


Quoting Hercs
Kambooj, your "thinking outside the box" is to be commended. I want to show you what the circles look like on MetaTrader4 where we only have the Fibonacci Arcs to work with.

The Yellow is @ default Scale of 1.0 and the Blue is Scaled to 5.0.

Look at the interesting areas where price hit the circles. The Yellow circle did not want to stay as a circle and came up with these very interesting levels.

I am not saying that my drawings are correctly chosen; I still need some practising as you mentioned in your very first post, but I am hoping to...
  • #591
  • Jul 6, 2011 6:32am Jul 6, 2011 6:32am
Thanks to

EgKid for his post:

http://www.forexfactory.com/showthre...37#post4752837

on seeing 4340

And to

Pip Maker for seeing the overbought on daily and Monthly on the following post:

http://www.forexfactory.com/showthre...53#post4753553

At first when I checked my indicators I didnt see a overbought situation, but later on when the drop happened, I had to adjust the settings to see what you saw. I only use RSI anyways. But it was a point that was worth paying more attention.

And to Tornado11 for seeing the high volume on the following post:

http://www.forexfactory.com/showthre...91#post4754091


And to Automn Leaves for the following post:

http://www.forexfactory.com/showthre...05#post4754305

Although I have a bit of a hard time understanding the fib fans with the circles, but everybody got their own style

I am still learning from all this.
  • #592
  • Jul 6, 2011 8:07am Jul 6, 2011 8:07am
Is there a way to predict false breaks? On the red circle we had a false break that looked like it was going to cut through the middle of the circle. Then we had a clean break of the north pole of the same circle but it did not continue down. It appeared to gather at the north pole without break through and then finally in the last 10 hours it has headed down. The initial break looked legit and then turned into a false break while the break of the north pole looked like a false break but then finally continued on.
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  • #593
  • Edited 8:12am Jul 6, 2011 8:11am | Edited 8:12am
Hi Kambooj,

We know that you always do you best!

We can always learn from your observations and improve our trading methods. Thanks for being there for us and sharing your ideas...we really appreciate it!

Arun




Although I have a bit of a hard time understanding the fib fans with the circles, but everybody got their own style

I am still learning from all this.[/quote]
  • #594
  • Jul 6, 2011 8:39am Jul 6, 2011 8:39am
I see a hammer on 4H plus RSI and Stochs shows oversold so I am going for a long. Also price is at fibo level right now so for me its a reversing sign.

Attached Image (click to enlarge)
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Lybi lydey, lybi vragov.
  • #595
  • Jul 6, 2011 8:47am Jul 6, 2011 8:47am
If 4340 gets broken we might be in for a slight upside move to 4400. Still questionable
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  • #596
  • Jul 6, 2011 9:29am Jul 6, 2011 9:29am
Needs a rest. Your at 4400 and I was thinking 4375, or 50% fib level from the last push down. That make me feel better that we are thinking on the same level. T.O.M is down right now but I dont have any problem taking a nice little counter. Shakeout bar shown is a sigh of strength.


Quoting Kambooj
If 4340 gets broken we might be in for a slight upside move to 4400. Still questionable
Attached Image (click to enlarge)
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  • #597
  • Jul 6, 2011 10:51am Jul 6, 2011 10:51am
A sell situation below 4304 and a buy opportunity around 4265-4270 is coming up
Attached Image (click to enlarge)
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  • #598
  • Jul 6, 2011 11:15am Jul 6, 2011 11:15am
Quoting Kambooj
A sell situation below 4304 and a buy opportunity around 4265-4270 is coming up
I like ur last 2 post well all ur post actually
When read ur posts i because we have same thought almost 75%
my view 4160 next as u said in previous post
  • #599
  • Jul 6, 2011 11:53am Jul 6, 2011 11:53am
Quoting egkid
I like ur last 2 post well all ur post actually
When read ur posts i because we have same thought almost 75%
my view 4160 next as u said in previous post
To b more clear
There are 2 point need to b touch
1.4160 and 1.44

if next 1h close above 4320 give more possibility to 44 first
Catch u tomorrow
C U
  • #600
  • Jul 6, 2011 11:59am Jul 6, 2011 11:59am
Another view of the drop of the EUR/USD pair
Attached Image (click to enlarge)
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