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Attachments: Circular Trendlines
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Circular Trendlines

  • #621
  • Jul 7, 2011 10:31am Jul 7, 2011 10:31am
Quoting tornado11
There is nothing like confirmation from fellow traders.....Love it.
  • #622
  • Jul 7, 2011 2:24pm Jul 7, 2011 2:24pm
Hammer on Daily. Does it tell you anything? Reversal?
Lybi lydey, lybi vragov.
  • #623
  • Jul 7, 2011 2:57pm Jul 7, 2011 2:57pm
Here is a another view...
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  • #624
  • Jul 7, 2011 3:21pm Jul 7, 2011 3:21pm
On a earlier post:

http://www.forexfactory.com/showthre...77#post4759677

The main circle of focus was the dotted black circle, but the situation now has changed slightly and that circle has shifted few degrees to the left, and has resulted in the blue circle. The EUR will be making a comeback to the mid 4650-4680 level. Whether its going to 4900 level or dropping to 4000 level is questionable at the moment, but it would get weak as it approaches 4700 region. This is because its encountering the weak part of the blue circle, and a drop at that level has a high probability of happening, but until then we are long with a slight retracement at 4450 and heading towards the 4700 region.
Attached Image (click to enlarge)
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  • #625
  • Jul 7, 2011 9:02pm Jul 7, 2011 9:02pm
I'm in a long position until 1.4415-1.4470 just my own calculations.
Lybi lydey, lybi vragov.
  • #626
  • Jul 7, 2011 11:13pm Jul 7, 2011 11:13pm
The NFP announcement is tomorrow, and I dont trade NFP's at all, but here is my prediction on price movement

I will be off the thread in the morning and checking what NFP has done later at noon.

But Good Luck to everyone else
Attached Image (click to enlarge)
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  • #627
  • Jul 7, 2011 11:28pm Jul 7, 2011 11:28pm
Quoting Kambooj
The NFP announcement is tomorrow, and I dont trade NFP's at all, but here is my prediction on price movement

I will be off the thread in the morning and checking what NFP has done later at noon.

But Good Luck to everyone else
Hi Morning
Sorry not agree
will make cup of tea and b back
  • #628
  • Jul 7, 2011 11:59pm Jul 7, 2011 11:59pm
Quoting egkid
To b more clear
There are 2 point need to b touch
1.4160 and 1.44
Catch u tomorrow
C U
My view the same
  • #629
  • Jul 8, 2011 5:08am Jul 8, 2011 5:08am
We believe that the euro has become unable to continue the upward trend and are now heading south to 4040
Attached Image(s) (click to enlarge)
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  • #630
  • Jul 8, 2011 6:23am Jul 8, 2011 6:23am
Quoting Autumn Leave
We believe that the euro has become unable to continue the upward trend and are now heading south to 4040
I second that.




Seb
  • #631
  • Jul 8, 2011 8:53am Jul 8, 2011 8:53am
Now eur has become unable to continue downtrend. Be careful shorts.
Lybi lydey, lybi vragov.
  • #632
  • Jul 8, 2011 11:56am Jul 8, 2011 11:56am
Dear friends,

The crazy situation with the EUR is why I avoid trading on Non-Farm Payrolls. From what I see the expanding triangle scenario is becoming more authentic as the last attempt of the EUR to establish a short position is becoming a failure as time goes by.

The expanding triangle scenario was presented in the following post:

http://www.forexfactory.com/showthre...32#post4741032

Wave E of all Expanding and Contracting triangles is the most treacherous of all legs.

You can never tell you are in a triangle until it completes,

But they all share the same feel to them, and that is an arena of confusion and constant wipsaw.

My sentiment still is Long, with a very surprising thrust that is soon to come.

Will wait it out a bit more, maybe till tuesday.
  • #633
  • Jul 8, 2011 12:19pm Jul 8, 2011 12:19pm
The EUR is approaching the end of its triangulation. We are wave e of a triangle and a strong thrust will start that will break the b-d trendline of the triangle. I recommend long postions, and one of the characteristics of these environments is that you need at least 150-200 pips of stoploss to be able to catch a decent size move.

You can never tell with certainty where is the ending point of wave e, it might be 50 pip or 100 pip lower.

Its characteristics is very jagged movement, constant wipsaw, but it turns out to be a 3 sectional move, and we are very close to the third section getting completed.

I would estimate a thrust will start soon.

The thrust out of the triangle will take less or equal time to complete than it did for wave e to finish.
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD_H4.JPG Size: 52 KB
  • #634
  • Jul 8, 2011 12:34pm Jul 8, 2011 12:34pm
Quoting Kambooj
The EUR is approaching the end of its triangulation. We are wave e of a triangle and a strong thrust will start that will break the b-d trendline of the triangle. I recommend long postions, and one of the characteristics of these environments is that you need at least 150-200 pips of stoploss to be able to catch a decent size move.

You can never tell with certainty where is the ending point of wave e, it might be 50 pip or 100 pip lower.

Its characteristics is very jagged movement, constant wipsaw, but it turns out to be a 3 sectional move,...
Because ur one of my best buddy's trader i will
Wait
review my View and Plan to b sure not miss something
and answer u when my weekly candle close
  • #635
  • Jul 8, 2011 12:37pm Jul 8, 2011 12:37pm
Quoting Pip Maker
Now eur has become unable to continue downtrend. Be careful shorts.
LOL

Seb
  • #636
  • Jul 8, 2011 1:10pm Jul 8, 2011 1:10pm
Quoting Flynchenberg
LOL

Seb
You know it really was like that, thats what Kambooj says he escapes trading NFP because you see one thing and then it does another. First it was going short and everybody started selling, then it was going long then no where.
Lybi lydey, lybi vragov.
  • #637
  • Jul 8, 2011 6:29pm Jul 8, 2011 6:29pm
I think the 4160 strong resistance point will be able to stop the downward trend and announces completion of the triangle which he referred to Mr. Kambooj and 4720 target
God willing.
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  • #638
  • Jul 9, 2011 1:09pm Jul 9, 2011 1:09pm
next week b ready
Attached Image
  • #639
  • Jul 9, 2011 3:43pm Jul 9, 2011 3:43pm
No doubt about it, we will see 4900. The chart below is strickly for long term carry trades, but if you want to figure out the perfect stoploss target it works wonderful. The 2 main trendlines are shown. The white is recent activity Triangle and the blue is pulled from way back. The 4900 is the target and the stop is anywhere in the grey area. My long term stop will be just below that area which is below the 200 moving average. I would not be surprised to see this one come back to 4170. All my stops are gauged directly off the daily time frame.

Quoting Kambooj
The EUR is approaching the end of its triangulation. We are wave e of a triangle and a strong thrust will start that will break the b-d trendline of the triangle. I recommend long postions, and one of the characteristics of these environments is that you need at least 150-200 pips of stoploss to be able to catch a decent size move.

You can never tell with certainty where is the ending point of wave e, it might be 50 pip or 100 pip lower.

Its characteristics is very jagged movement, constant wipsaw, but it turns out to be a 3 sectional move,...
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: eu1.gif Size: 32 KB
  • #640
  • Jul 9, 2011 4:03pm Jul 9, 2011 4:03pm
Quoting tornado11
No doubt about it, we will see 4900. The chart below is strickly for long term carry trades, but if you want to figure out the perfect stoploss target it works wonderful. The 2 main trendlines are shown. The white is recent activity Triangle and the blue is pulled from way back. The 4900 is the target and the stop is anywhere in the grey area. My long term stop will be just below that area which is below the 200 moving average. I would not be surprised to see this one come back to 4170. All my stops are gauged directly off the daily time...
How come u b that sure !!
Market @ end do What ever it Like
AT least look to ur chart it say something Else, tell me u don't see One of strong pattern for bearish!!
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