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Circular Trendlines

  • #921
  • Aug 24, 2011 7:15am Aug 24, 2011 7:15am
Quoting Kambooj
Expanding environment on M1, should be reaching its limits soon...
Looks like EURUSD is going down as shown on your chart.
  • #922
  • Aug 24, 2011 7:33am Aug 24, 2011 7:33am
Circles can be used to gage the relative hardness/softness of a zone depending on whereabouts the curve a point touches.

This is a completely relative observation, and the more circles on different time frames that project similar information adds validity to the conclusion made.

An example of such scenario is presented here:
Attached Image(s) (click to enlarge)
Click to Enlarge Name: RelativeStrength_1.jpg Size: 105 KB
Click to Enlarge Name: RelativeStrength_2.jpg Size: 134 KB
  • #923
  • Aug 24, 2011 7:40am Aug 24, 2011 7:40am
Quoting Kambooj
Expanding environment on M1, should be reaching its limits soon...
and in EWT....your target is roughly 78.6% (which EU seems to like) retrace for a wave 2....keep up the good work Kambooj!
  • #924
  • Aug 24, 2011 1:38pm Aug 24, 2011 1:38pm
Thanks, will keep trying to fine tune...

Here is my take of todays action:

The aim of the EUR is to reach the T1 trendline.

For the most part all upward spikes have been contained within the perimeter of the red circle. There are 2 very strong support curves at 4380 and 4360 zone, which would make the decend to T1 more difficult.

Right now there are lots of way that motion could try to reach T1, but approaching either of the 2 circled zones in blue seems to be a better way to set the stage for a drop that will break T2 and land on T1.

At either of these 2 zones a descend would not have to go through the poles of too many strong circles, making it the path of least resistance.


Quoting needpips
and in EWT....your target is roughly 78.6% (which EU seems to like) retrace for a wave 2....keep up the good work Kambooj!
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD_M10.jpg Size: 141 KB
  • #925
  • Aug 25, 2011 6:15am Aug 25, 2011 6:15am
Neither of the 2 areas mentioned in the previous post were reached to set the stage for a decent. This only implies one more thing, and that is more upward action before the plunge downward starts.

This upward desire cannot go above the 4536 high set on July 26th.

This is because of the elliot wave structure of 5 waves that came after that date decending down to 4054.

The probability of a odd spke to 4510 - 4520 area is increasing.

Here are the details....

Quoting Kambooj
Thanks, will keep trying to fine tune...

Here is my take of todays action:

The aim of the EUR is to reach the T1 trendline.

For the most part all upward spikes have been contained within the perimeter of the red circle. There are 2 very strong support curves at 4380 and 4360 zone, which would make the decend to T1 more difficult.

Right now there are lots of way that motion could try to reach T1, but approaching either of the 2 circled zones in blue seems to be a better way to set the stage for a drop that will break T2 and land on T1.

At...
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD_M30.jpg Size: 205 KB
  • #926
  • Aug 25, 2011 10:42am Aug 25, 2011 10:42am
The EUR finally decided to go through the red circle through a drop from 4450, rather than moving up to 4510 first.

The interim target is 4240-4260 zone for now.
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD_M30.jpg Size: 134 KB
  • #927
  • Aug 25, 2011 10:45am Aug 25, 2011 10:45am
Quoting Kambooj
The EUR finally decided to go through the red circle through a drop from 4450, rather than moving up to 4510 first.

The interim target is 4240-4260 zone for now.
I see the same scenario
  • #928
  • Aug 26, 2011 5:08am Aug 26, 2011 5:08am
Quoting egkid
I see the same scenario
very nice bro . i am looking 4290 . my final target
looking for investors . pm me
  • #929
  • Edited 6:03am Aug 26, 2011 5:52am | Edited 6:03am
H2
The eye structure contained within the blue and red curves is the zone where motion will be heading. We are looking roughly around 4050 for a reaction that will move price action outside the eye. If we take the perimeter touchpoints that are circled in blue, a rough approximation to the next major decend will be around 4250-4300. Right now the perimeter of the red circle is proving to be a tough resistance. Also in the following post earlier yesterday:

http://www.forexfactory.com/showthre...10#post4901710

The perimeter of the blue circle proved to be a tougher zone than the pole of the red circle.

These 2 fact combined are indicating that price action has a very strong desire NOT TO GO in the 4500 territory.

The third decend within a eye structure is usually the longest decend. So be prepared for a 250-300 pip drop happening from the green zone shown
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD_H2.jpg Size: 164 KB
  • #930
  • Aug 26, 2011 5:59am Aug 26, 2011 5:59am
Still a different view from M30..
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD_M30.jpg Size: 162 KB
  • #931
  • Aug 26, 2011 6:13am Aug 26, 2011 6:13am
Quoting Kambooj
Still a different view from M30..
4290 is the exact number I have as well...great job Kambooj!
  • #932
  • Aug 26, 2011 8:47am Aug 26, 2011 8:47am
The congestion of resistance zones is so much within the 4450-4510 zone which does not look like this pair will be any successfull in making a substantial high beyond what it is right now.

Emphasis is to sell at these opportunities.
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD_H2.jpg Size: 100 KB
  • #933
  • Aug 30, 2011 6:09am Aug 30, 2011 6:09am
HERE is the outlook for today. Still in unknown territory, and didnt do any posting yesterday, because wanted to see how the market will react towards the 4550 zone. Any lack of sustenance to hold on to 4480 will drive this pair to 4260 zone, but after that its still very foggy as to which direction it will choose to go
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD_H4.jpg Size: 164 KB
  • #934
  • Aug 30, 2011 6:30am Aug 30, 2011 6:30am
Here is my take of the daily time frame.
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD_Daily.jpg Size: 159 KB
  • #935
  • Aug 30, 2011 6:43am Aug 30, 2011 6:43am
Possible down move to 4350 exists if 4430-4450 increase in resistance.
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD_M15.jpg Size: 143 KB
  • #936
  • Aug 30, 2011 6:44am Aug 30, 2011 6:44am
Quoting Kambooj
Here is my take of the daily time frame.
Remember our talks before weeks about my target , now everyday passing u analysis get closer and pointing to my long term target
Let me add this
E/U will not go anywhere before hit this target
  • #937
  • Aug 30, 2011 6:45am Aug 30, 2011 6:45am
YEP, you are the man

Quoting egkid
Remember our talks before weeks about my target , now everyday passing u analysis get closer and pointing to my long term target
  • #938
  • Aug 30, 2011 6:51am Aug 30, 2011 6:51am
Quoting Kambooj
YEP, you are the man
Ur very good trader brother but most of time u look to smaller TF
Please always add higher TF to ur view mostly that will b great if u could
I really enjoy reading ur posts.

BTW Happy Eid

PS:This my last chart i posted before a few
Now PA 4440 @ The Red line close above give chance to reach yellow line
Attached Image (click to enlarge)
Click to Enlarge Name: 66.gif Size: 16 KB
  • #939
  • Aug 30, 2011 7:06am Aug 30, 2011 7:06am
Here is what will happen on the hourly...
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD_H1.jpg Size: 175 KB
  • #940
  • Aug 30, 2011 7:11am Aug 30, 2011 7:11am
Sure, not a problem, will do a full posting of the Monthly down to hourly after Non-Farm payrolls this coming week.

If situation changes just prior to that, I will do it earlier.

Thanks for pointing it out.

Quoting egkid
Ur very good trader brother but most of time u look to smaller TF
Please always add higher TF to ur view mostly that will b great if u could
I really enjoy reading ur posts.

BTW Happy Eid

PS:This my last chart i posted before a few
Now PA 4440 @ The Red line close above give chance to reach yellow line
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