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Circular Trendlines

  • #741
  • Jul 15, 2011 11:49am Jul 15, 2011 11:49am
Here is a different view. If the pole breaks we are dipping below 4090
Attached Image (click to enlarge)
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  • #742
  • Jul 15, 2011 11:52am Jul 15, 2011 11:52am
The market is done today and the big money is gone. I dont expect much more but we know which way it was headed earlier.



Quoting Kambooj
I agree with you, we need a super super spike to confirm this, and such a spike should not hold back at 4180, it should at a minimum go to 4250 FIRST, before any retracements. I am looking at few charts on M5, and H1, that still confirm bearishness. We need a strong spike below 4090 to go fully bearish.
  • #743
  • Jul 15, 2011 12:00pm Jul 15, 2011 12:00pm
Any week with positive pips is a good week. See you next week.






Quoting Kambooj
Here is a different view. If the pole breaks



we are dipping below 4090
  • #744
  • Jul 15, 2011 12:28pm Jul 15, 2011 12:28pm
Below the blue curve, is empty space on higher time frames. The EUR is seriously trying to avoid this territory, because once it falls beneath the blue curve, it will go down big time to 4000 level. We can have a bullish scenario if 4105 is met with support, other than that there are high chances that it can get broken, specially with the barrel roll effect that is in place.
Attached Image (click to enlarge)
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  • #745
  • Jul 15, 2011 1:45pm Jul 15, 2011 1:45pm
Another Pole Break, On this time frame, the EUR is trying to keep its head up above the red circle. Its currently just in the initial stages of this break. At a minimum we are going towards the center of this circle which is 4096, and at the maximum towards the other perimeter which is 4050
Attached Image (click to enlarge)
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  • #746
  • Jul 15, 2011 2:02pm Jul 15, 2011 2:02pm
Pressure is still down to make sure EUR closes below 4100 for this week
Attached Image (click to enlarge)
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  • #747
  • Jul 15, 2011 4:11pm Jul 15, 2011 4:11pm
I am going to put together a 1hr, 4hr, Daily diagnosis sometime over this weekend. I will try to show you all why I think the Bull is here to stay. This is only my opinion but I think you will get the picture. Keep in mind I am talking Long Term, so anything you post of the 1 min or 5-15 min variety will not even figure in. The 4 hr is gearing up for a huge move, and it is either Accumulation or distribution. With the Bullish Flag pattern I would have to put my money on Accumulation. We know the Daily, Weekly and Monthly are Long term trend up. Stay tuned.


Quoting Kambooj
Pressure is still down to make sure EUR closes below 4100 for this week
  • #748
  • Jul 15, 2011 8:30pm Jul 15, 2011 8:30pm
Monthly: Lets look at the Monthly chart here first. We got a solid break of a major support DTL and tested 3 times failed to break. We have also had an Inside Bar broken down on the short side but failed to continue down. When this happens the chances of the P.A. going the other way is like 80%.

Weekly: We have a Bullish pin

Daily: Just about the best looking Morning Star pattern I have seen in awhile

4 Hr: Cant beat this Bullish Flag Pattern
Attached Image(s) (click to enlarge)
Click to Enlarge Name: eu.gif Size: 28 KB
Click to Enlarge Name: euweekly.gif Size: 20 KB
Click to Enlarge Name: eudaily.gif Size: 28 KB
Click to Enlarge Name: eu4hr.gif Size: 20 KB
  • #749
  • Jul 15, 2011 11:22pm Jul 15, 2011 11:22pm
Chart #1, compare these to whats going on now.
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: eu1.gif Size: 28 KB
  • #750
  • Jul 16, 2011 1:18am Jul 16, 2011 1:18am
Quoting tornado11
Chart #1, compare these to whats going on now.
Excellent examples of "supply and demand", Jimbo...

But doesn't really follow the "Circular Trendlines", as described in the thread title...

Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #751
  • Edited 2:35am Jul 16, 2011 2:34am | Edited 2:35am
Quoting tornado11
Monthly: Lets look at the Monthly chart here first. We got a solid break of a major support DTL and tested 3 times failed to break. We have also had an Inside Bar broken down on the short side but failed to continue down. When this happens the chances of the P.A. going the other way is like 80%.

Weekly: We have a Bullish pin

Daily: Just about the best looking Morning Star pattern I have seen in awhile

4 Hr: Cant beat this Bullish Flag Pattern
Just noticed this thread a few days ago.....great ideas here, thanks.

But this analysis by Tornado is classic textbook precision, really good work.

I`m subscribed !


___________
michael
Be like water.
  • #752
  • Jul 16, 2011 5:12am Jul 16, 2011 5:12am
thank you tornado



Quoting tornado11
Monthly: Lets look at the Monthly chart here first. We got a solid break of a major support DTL and tested 3 times failed to break. We have also had an Inside Bar broken down on the short side but failed to continue down. When this happens the chances of the P.A. going the other way is like 80%.

Weekly: We have a Bullish pin

Daily: Just about the best looking Morning Star pattern I have seen in awhile

4 Hr: Cant beat this Bullish Flag Pattern
  • #753
  • Jul 16, 2011 12:03pm Jul 16, 2011 12:03pm
Thank you for reading.

Quoting toddanderson
thank you tornado
  • #754
  • Jul 16, 2011 12:09pm Jul 16, 2011 12:09pm
He is always open to new ideas and that is a good thing. I noticed how his diagnosis complimented my longer term style and has helped me catch some scalps along with confirmation of some of my longs while I learn VSA.


Quoting msmarple
Just noticed this thread a few days ago.....great ideas here, thanks.

But this analysis by Tornado is classic textbook precision, really good work.

I`m subscribed !


___________
michael
  • #755
  • Jul 16, 2011 12:14pm Jul 16, 2011 12:14pm
Quoting egkid
It will

Hey EG....u still seeing 37's coming up
  • #756
  • Jul 16, 2011 2:14pm Jul 16, 2011 2:14pm
Quoting needpips
Hey EG....u still seeing 37's coming up
Yes and it will
  • #757
  • Jul 16, 2011 2:57pm Jul 16, 2011 2:57pm
Quoting egkid
Yes and it will
It might. There is no 'will' in forex.

Excellent charts Tornado, i spotted the bullish flag setting up yesterday as well, I see 1.4450-1.4500 considering the accumalation we have seen these last few weeks.
  • #758
  • Jul 16, 2011 3:10pm Jul 16, 2011 3:10pm
Quoting egkid
Yes and it will
  • #759
  • Jul 17, 2011 5:10am Jul 17, 2011 5:10am
Hello magix

they could share please ?

thanks
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  • #760
  • Jul 17, 2011 8:16pm Jul 17, 2011 8:16pm
Here is my outlook on the movement of the EUR. As I did mention in a previous post:

http://www.forexfactory.com/showthre...91#post4784691


The EUR has fallen into a territory which it wanted to avoid at all costs, and once it is below 4090, it will easily slide to 4000 and the mids of 3900. 3850 - 3900 is where a slight rebound might occur, but the acceleration is starting.

Will wait few more hours to see what happens

Here is the picture...
Attached Image (click to enlarge)
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