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Circular Trendlines

  • #1,161
  • Oct 19, 2011 11:41pm Oct 19, 2011 11:41pm
Triangulation has always been amongst the very tricky areas where motion will gain momentum for a drop, and cause confusing swings before committing itself to one direction.

Continuation of the tendency where a certain support will be broken is met by a rebound in a the opposite direction.

Such seems to be the case with the EUR. The low of 3690-3720 could be another grounds for a rebound again to the 3800 zone. Its strongly suggested that to leave and wait for this rebound to happen first before going short again. You also have another option of collecting your profit at the lows of 3700 and then putting pending order for a sell below 3680 level, because below that level we will dip lower to the midst of 3550, but if it doesnt go to 3680, then we will start upward movement again to 3800
Attached Image(s) (click to enlarge)
Click to Enlarge Name: EURUSD_H1.jpg Size: 109 KB
Click to Enlarge Name: EURUSD_M5.jpg Size: 120 KB
  • #1,162
  • Oct 20, 2011 1:13am Oct 20, 2011 1:13am
  •  samirb
  • | Joined Nov 2009 | Status: Investing is simple, but not easy. | 247 Posts
Quoting samirb
Good day to you

possible diamond formation

Keep up the good work
will close at trendline and expecting bounce

Good luck in your trades
Attached Image (click to enlarge)
Click to Enlarge Name: diamond.gif Size: 19 KB
  • #1,163
  • Oct 20, 2011 5:20am Oct 20, 2011 5:20am
  •  samirb
  • | Joined Nov 2009 | Status: Investing is simple, but not easy. | 247 Posts
Quoting samirb
will close at trendline and expecting bounce

Good luck in your trades

Good day to you

as expected, will close long at trendline

Good luck in your trades
Attached Image
  • #1,164
  • Oct 20, 2011 8:38am Oct 20, 2011 8:38am
If you are short from the 3800 zone, keep your short positions, we will be diving lower towards lows of 3600. Will post charts soon
  • #1,165
  • Oct 20, 2011 8:43am Oct 20, 2011 8:43am
A strong dive towards 3600 is beginning to take form. Right now concentration is to break the 3730 region decisively and make 3690 the resistance zone.

Quoting Kambooj
If you are short from the 3800 zone, keep your short positions, we will be diving lower towards lows of 3600. Will post charts soon
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD_M5.jpg Size: 98 KB
  • #1,166
  • Oct 20, 2011 8:51am Oct 20, 2011 8:51am
Here is a different view...
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD_H1.jpg Size: 125 KB
  • #1,167
  • Oct 20, 2011 9:00am Oct 20, 2011 9:00am
More downward approach towards the 5600 low will resume soon
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD_H1.jpg Size: 108 KB
  • #1,168
  • Oct 20, 2011 9:07am Oct 20, 2011 9:07am
Here is a different view ....
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD_M5.jpg Size: 120 KB
  • #1,169
  • Oct 20, 2011 9:15am Oct 20, 2011 9:15am
HERE we go for a different view...
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD_M1.jpg Size: 113 KB
  • #1,170
  • Oct 20, 2011 10:38am Oct 20, 2011 10:38am
Motion downwards below 3680 seems to be very frustrating at the moment, curvature on the red and blue curves suggest a break upwards will take place and give us another shorting opportunity at 3730. Movement downwards requires a strong thrust right at 3680 if its to continue its journey downwards. If not, then we are going to 3730. A spike down is the only way to get out of the squeeze of the blue and red curves.

Quoting Kambooj
HERE we go for a different view...
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD_M1.jpg Size: 125 KB
  • #1,171
  • Oct 20, 2011 10:50am Oct 20, 2011 10:50am
3730 is the optimum place to short for a good profit,

However the blue circle is another interim resistance, that if proven to be strong enough then we wont see 3730 and we will be heading down towards its center (target #1) which is 3620 region and 3510 (target #2).

The movement downwards has to be a spike if it ever happens.

Other strategies at this point include pending order for a short at 3680

Quoting Kambooj
Motion downwards below 3680 seems to be very frustrating at the moment, curvature on the red and blue curves suggest a break upwards will take place and give us another shorting opportunity at 3730. Movement downwards requires a strong thrust right at 3680 if its to continue its journey downwards. If not, then we are going to 3730. A spike down is the only way to get out of the squeeze of the blue and red curves.
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD_M1.jpg Size: 124 KB
  • #1,172
  • Oct 21, 2011 12:42am Oct 21, 2011 12:42am
  •  samirb
  • | Joined Nov 2009 | Status: Investing is simple, but not easy. | 247 Posts
Quoting Kambooj
More downward approach towards the 5600 low will resume soon

Good day to you

Possible scenario

Good luck in your trades
Attached Image (click to enlarge)
Click to Enlarge Name: diamond.png Size: 54 KB
  • #1,173
  • Oct 21, 2011 8:13am Oct 21, 2011 8:13am
  •  samirb
  • | Joined Nov 2009 | Status: Investing is simple, but not easy. | 247 Posts
Quoting samirb
Good day to you

Possible scenario

Good luck in your trades
Approaching my target
Attached Image (click to enlarge)
Click to Enlarge Name: diamond.png Size: 47 KB
  • #1,174
  • Oct 21, 2011 8:44am Oct 21, 2011 8:44am
H1
Another attempt to the 3910-3935 will be made. This upward movement of the EUR will be temporary, since the daily candle is missing a huge dip downwards, anywhere within the vicinity of 3850-3950 region is a high sell zone. Recommendation is still to sell at a any resistance

M30
The 3920-3930 region is looking to be where the rebound downwards is going to occur. Either of the solid red or blue straight trendline will slow down the advance upwards.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: EURUSD_H1.jpg Size: 128 KB
Click to Enlarge Name: EURUSD_M30.jpg Size: 107 KB
Click to Enlarge Name: EURUSD_M1.jpg Size: 103 KB
  • #1,175
  • Oct 21, 2011 8:59am Oct 21, 2011 8:59am
Here is the view for this pair. Everything points to a very close proximity to a sell zone at 5970 region
Attached Image(s) (click to enlarge)
Click to Enlarge Name: GBPUSD_H1.jpg Size: 121 KB
Click to Enlarge Name: GBPUSD_M1.jpg Size: 74 KB
  • #1,176
  • Oct 21, 2011 9:13am Oct 21, 2011 9:13am
Here is a different projection of a turn around region around the vicinity of 3910 given the current market situation...
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD_M1.jpg Size: 121 KB
  • #1,177
  • Oct 21, 2011 9:26am Oct 21, 2011 9:26am
  •  samirb
  • | Joined Nov 2009 | Status: Investing is simple, but not easy. | 247 Posts
Quoting samirb
Approaching my target
closed long here and gone short at 1.5940
  • #1,178
  • Oct 21, 2011 9:38am Oct 21, 2011 9:38am


Dont trade the GBP, but I am short on the EUR/USD

Best Wishes
Quoting samirb
closed long here and gone short at 1.5940
  • #1,179
  • Oct 21, 2011 9:39am Oct 21, 2011 9:39am
Here is another view, a drop to 3810
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD_M1.jpg Size: 102 KB
  • #1,180
  • Oct 21, 2011 9:56am Oct 21, 2011 9:56am
EUR follows the same direction as Dow Jones and S&P500 most of the time. The diagram below is showing a maximum being reached for the Dow Jones. A rebound should happen soon, and the size of this rebound downwards is huge, at least to the 11300 region, but the 10,000 region is another high probability region. S&P500 and Dow Jones share similar looks.
Attached Image (click to enlarge)
Click to Enlarge Name: DowJones_H1.jpg Size: 57 KB
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