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Circular Trend-Waves 414 replies

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Circular Trendlines

  • #1,021
  • Sep 23, 2011 9:01am Sep 23, 2011 9:01am
Quoting Kambooj
The 3380 support should break soon, exposing a gap to the 3000 level. Any bounce off the 3400/3380 level will be another shorting opportunity. EUR wont have a major reaction upwards, until it starts closing the gap to the 2800/3000 level.

Today could be the black friday of the stock market, and good friday for everyone who wants to short the EUR
same view brother . great analyze
looking for investors . pm me
  • #1,022
  • Sep 23, 2011 10:33am Sep 23, 2011 10:33am
3530-3545 is strong sell zone, after that it will be around the 3700 area, but doubt will get that far
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  • #1,023
  • Sep 23, 2011 10:53am Sep 23, 2011 10:53am
Quoting Kambooj
3530-3545 is strong sell zone, after that it will be around the 3700 area, but doubt will get that far
In all FF only 2 guys always when read what their Post i smile
Brother i finished my New Plan waiting weekly close to confirm it
  • #1,024
  • Sep 23, 2011 11:05am Sep 23, 2011 11:05am
Quoting egkid
In all FF only 2 guys always when read what their Post i smile
Brother i finished my New Plan waiting weekly close to confirm it
I just sold 3540, but for other reasons....which happen to be the same area
  • #1,025
  • Sep 24, 2011 2:24pm Sep 24, 2011 2:24pm
Quoting Kambooj
3530-3545 is strong sell zone, after that it will be around the 3700 area, but doubt will get that far
My Dear Brother...why not around 1.3642, which entered the outer circle?
That is my imagination...
Attached Image
  • #1,026
  • Sep 25, 2011 9:51pm Sep 25, 2011 9:51pm
Sorry to answer a little late,
But you can always go at a higher price such as 3642, but the basic reason is that this is a impulse wave on a higher time frame, and they dont retrace that much to give you a chance to go short at that price.

Certainly your proposition is by no means wrong, but we need to see signs of the break of resistance and then wait to see whether 3640 will show the resistance that we are looking for to go short.


By tomorrow will see whether a
Quoting harionoagus
My Dear Brother...why not around 1.3642, which entered the outer circle?
That is my imagination...
Attached Image (click to enlarge)
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  • #1,027
  • Sep 26, 2011 10:48am Sep 26, 2011 10:48am
Outlook remains bearish with 2 higher spots, at 3650 and 3760 for a possible shorting spots.
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  • #1,028
  • Sep 26, 2011 2:15pm Sep 26, 2011 2:15pm
More upward action will soon resume towards breaking the 3550 barrier.
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  • #1,029
  • Sep 27, 2011 9:01am Sep 27, 2011 9:01am
Do not sell at 3650 YET,
Need a bit more time to pass to see what is happening and where is the target of the up move. A trend change is not yet confirmed and we are still bearish on the daily chart.
  • #1,030
  • Sep 27, 2011 9:10am Sep 27, 2011 9:10am
Quoting Kambooj
Do not sell at 3650 YET,
Need a bit more time to pass to see what is happening and where is the target of the up move. A trend change is not yet confirmed and we are still bearish on the daily chart.
===========

Would you mind telling me what constitutes a "directional change" for you at this time, Kambooj? OR what is it that you are looking for?

Thanks for replying.
Hercs
  • #1,031
  • Sep 27, 2011 9:16am Sep 27, 2011 9:16am
Here is the current situation with the EUR/USD. Need a bit more patience for a good position, whether it be a buy or sell. Still need more confirmation and price action to unfold for a better entry.


Quoting Kambooj
Do not sell at 3650 YET,
Need a bit more time to pass to see what is happening and where is the target of the up move. A trend change is not yet confirmed and we are still bearish on the daily chart.
Attached Image (click to enlarge)
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  • #1,032
  • Sep 27, 2011 9:25am Sep 27, 2011 9:25am
I am looking for signs of either

Triangulation > Where a contracting wedge is formed at the end of a impulse wave. This denotes that motion is slowing down towards 3650. Since I dont see this, I would presume that motion will still continue upwards breaking the 3650 barrier. So its not safe to sell at 3650. Its gonna go higher

False Break > If 3650 is broken, I am then considering the possibility of a false break and reversal. In this situation I am looking for a strong rebound downwards,
kind of like a shooting star upwards followed by a reversal downwards. If I dont see this, then that means that there is still upward motion.

Now if the 3650 barrier is broken ,and we have a shooting star upwards, and then a come back to the striaght black trendline in this post:

http://www.forexfactory.com/showthre...94#post4991694

Then I may consider the possibility of a trend change and put a order for a buy.

Other than that right now I want to see which boundary of what curve is it aiming for. The sooner I find this, the more information I have as to the direction and whether or not the impulse wave that started from the lows of 3500 is finishing off.

The one thing I always look for is 5 waves unfolding. If I can count 5 waves from a higher time frame such as M30 or H1

AND

I am close to a trendline, whether its circular or straight

AND

I see the last wave going like a shooting star upwards followed by a rebound,

AND

I am at a fibonacci level, measuring different retracements from 4550

AND

I am at a fibonacci price extension

Then and only Then I might check the RSI to see whether its overbought or oversold, on the H4 time frame, before I make a decision to go for a trade.


Quoting Hercs
===========

Would you mind telling me what constitutes a "directional change" for you at this time, Kambooj? OR what is it that you are looking for?

Thanks for replying.
  • #1,033
  • Sep 27, 2011 9:37am Sep 27, 2011 9:37am
Quoting Kambooj
I am looking for signs of either

Triangulation > Where a contracting wedge is formed at the end of a impulse wave. This denotes that motion is slowing down towards 3650. Since I dont see this, I would presume that motion will still continue upwards breaking the 3650 barrier. So its not safe to sell at 3650. Its gonna go higher

False Break > If 3650 is broken, I am then considering the possibility of a false break and reversal. In this situation I am looking for a strong rebound downwards,
kind of like a shooting star upwards followed by...
===================

Appreciate your detailed explanation, Kambooj.

Best regards.
Hercs
  • #1,034
  • Sep 27, 2011 9:58am Sep 27, 2011 9:58am
HERE is more...


Quoting Hercs
===================

Appreciate your detailed explanation, Kambooj.

Best regards.
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  • #1,035
  • Sep 27, 2011 9:59am Sep 27, 2011 9:59am
And MORE ....

Quoting Kambooj
HERE is more...
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  • #1,036
  • Sep 27, 2011 10:55am Sep 27, 2011 10:55am
Quoting Kambooj
And MORE ....
You are now helping someone who craves detailed information, especially when it works! Thanking you most sincerely.
Hercs
  • #1,037
  • Sep 27, 2011 11:07am Sep 27, 2011 11:07am
Here is another confirmation for a bull scenario, but I rather wait ...

Quoting Hercs
You are now helping someone who craves detailed information, especially when it works! Thanking you most sincerely.
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  • #1,038
  • Sep 27, 2011 11:26am Sep 27, 2011 11:26am
Here I have shown more of what I look for, and hope it helps. You are the final decision maker, and is up to you to take the trade or wait.
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  • #1,039
  • Sep 27, 2011 12:02pm Sep 27, 2011 12:02pm
Quoting Kambooj
Here I have shown more of what I look for, and hope it helps. You are the final decision maker, and is up to you to take the trade or wait.
Just back home will take shower then we talk
I sell all rally
  • #1,040
  • Sep 27, 2011 12:15pm Sep 27, 2011 12:15pm
Good Choice,

But here is more details on what I look for, because some people want to know what is the details to look for if they are suspecting a trend change.

Its up to the individual to decide whether they want to take it or not

Since I believe there is only 200 pips more upwards towards 3800 or 3750, I am looking too for sell opportunity.

Good Luck


Quoting egkid
Just back home will take shower then we talk
I sell all rally
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