Circular Trendlines

4050 was reached during the openning of the EUR session today, and the possibility of a expanding zone is not being ruled out. For that reason will wait a bit longer to see how what happens a bit later before deciding on direction.

If today there are no signs of a dip to 3940, then there is a very high probability that we will go as far as 4250 as well.

Today would be the deciding factor about this, and will be curious to see what the EUR will do at such a high as 4050-4070.

oops...

yes Gold & silver...my brother...

It will

I know

Its a crazy market today, and still waiting to see how the other markets are doing before making any comments on the EUR.

The upward thrust is very much like a spear going through all the resistances and it can easily turn backward in the same manner too.

Right now the S&P500 and Dow beginning to show some minute signs of reversal on the M1 time frame.

Will wait a bit longer to see how those do.

But good call Egkid, two thumbs up.
Very well done

The possibility of EUR reaching 4500 on the daily chart is a very high probability once the next 24 hours passes and we see how much further this overbought situation can go.

The only way that we can have a bearish scenario is for this pair to do a hard dive and break the red straight line. Other than that there will be a minor retracement to 4100 and then more upward action. This possibility of a hard dive is by no means impossible. As with what this pair did at 4900 on may of 2011, while everyone believed that it can go to 5500 and 6000 level again.

At this point its better not to be in the market than assuming we will continue to go more upwards, until some time passes. As long as the close of today is above 4100 then we are in a bullish phase of this pair that will last to 4500.

Any retracement of this price action below 3900 will push this pair to 3650 region and even worst situation back to 3000 level.

On the above note, just want to mention one other thing, that the Dow Jones Industrial Average and the S&P500 are both maxed out. In here I have shown the limits of the max being reached by Dow Jones (red curve). They are basically very similar in pattern to each other.

As far as this up move is concerned, still need another 24 hours, because in many cases the Masters Of Our Market, namely the big banks will decide to jack up the price to unreasonable highs before reversing it downwards. That way they can catch a lot of people by surprise by the depth of their reversal, and by the time you figure out what happened, you have lost so much money (ie the banks have made so much money) that its a heaven of cash for the banks.

This strategy has worked over and over for all the big financial institutions that are involved in making a profit, only to find few days later how everyone (the average traders) was being setup for a reversal

EUR/USD H4

One other reason I am waiting out for a bit is the presence of what I call "Energy Circles" on the H4 time frame.

These are circles that defy a decent support/resistance around their pole, and price molds and curves around 50% of their perimeter as its doing here. They often happen in situations where price is trying hard to push through a very important territory, but later on these circles will propel price in the opposite direction with much more intensity of the motion getting close to them.

Thats why I call them "Energy Circles" because of the inherent potential that they possess.

This is another structure that worries me about making a 100% claim to go long.

EUR will be heading towards the 4500 region according to the daily chart, but there will be a retracement happening for a long position towards the 3900 region. Today we will have a move towards the 4250 region, but its best to wait to see how the nature of this retracment goes. On the daily chart as the EUR has hit the resitance of 4200, which is the same as support of 4100/4200 in the summer of 2011.

kambooj i know u came up with the whole concept but heres my view on it and here are my circles on EU.

what do u think?

its been reliable on that long + cycle of sydonic saturn.
one thing i didnt draw was the price action in circle.

@bumapatria:
how do you get these circles in MT4 working?
is there an indi you are using?
thanks in advance for an answer...

ure lazy i wont tell u pfft... joke man

its on kambooj's first or i dont knwo what page.

its manipulating the fibonacci arc. so just try this, draw the arc. and delete all the levels and create a level with value of '1'. no description. and scales are i dont know as well. i try them out as i go. gold and silver will have significantly bigger scales.

i use a scale fix on the properties of my chart, so nothing moves when i scroll its fixed.

You have been able to grasp the concept pretty quickly and the circles along with the fibonacci fans / Gan lines that you have drawn are painting a good picture.

In Metatrader you can play with the circle and make it a ellipse. A ellipse has 2 centers and you would probably find some sort of activity around the 2 centers as well.

The circles that you have drawn are outside circles where motion is bouncing off the perimeter, for additional fun try draw circles where the center of the circle lies on a congestion zone. This can be a point where the market switches direction or it could be a zone of resistance/support. Try to see how motion is bouncing against the perimeter from different direction.

Every circle will tell you one piece of the puzzle and once you draw more, you see more, and sometimes also its very difficult to see anything using the circles, and at such times you need more of price action to unfold

Thanks for sharing your views on this thread.

Checkout this post, maybe it helps

http://www.forexfactory.com/showthre...21#post4673021

Also attached to the above post (#10 on this thread) is a MT4 Template

thanks kambooj
http://www.forexfactory.com/showthread.php?t=315144
drop by sometime tehre with daily analysis if u like, or even chat, i would highly aprreciate that

hey man i see strange weird things i research it. gann i thought was... gulp... stupid.... over time i realized it aint. nothing in this market is stupid generally, personally and subjectively possible yes. to me i was like what is circular trendlines? i was honestly never trusting the original trendlines. this one i believe contain the concetpts of gann's price's action in relation to time and angles, after all a cycle has angles of degrees too

u awesome kambooj
u better write a book on it coz u invented this. i am honored to learn this.

uve been making this whole new perspective. vouch definitely

my thread please ... i need people like u mate

H1
We have a 5th wave failure on the hourly chart, which means that the entire impulse pattern of 1 larger degree, namely the one shown in the red rectangular box will be completely retraced in less time than it took for the 5th wave to form, which means that rougly slightly less than the time shown as T1 we will be below 3800.

It was mentioned earlier on Friday in the following post:
http://www.forexfactory.com/showthre...04#post5082104

That this pair will go to 4500.

Current structure suggests a lower low than 3900 on the Hourly chart will be reached before any other decision to go higher.

Now since we are at 4000 level and we are at the outside perimeter of the red circle on H1, and we still have not reached the time T1, the possibility of a higher high than 4000 remains at hand given the situation on M5

Looking at the M5 chart, as long as 3950-3960 hasnt been breached, we will go back into the territory of 4050. For this reason a buy order at the 3950-3960 region is most suitable for now, until there is good enough confirmation that the EUR will not be able to sustain itself above 4050 region, for a sell order towards 3850.

Anything below the red solid line on M5 will be a bearish signal for 3850 at the current time.

Looking at the overall situation right now, today will not any major moves, until motion has established enough time to reach the blue trendline on M5.

If you want to go for a trade wait till after 10:30 before making a decision

Waiting for lows of 5900 for a buy....

The circled region on the M5 for a buy as suggested, must be reached within the 10:30-11:30 AM New York time.

If reached sooner, that is not good news for Bulls.

Sweet kambooj

thanks to you i can get more interesting and more precise and exotic entries into the market. i am long since hours ago on euro usd and euro gbp. i have a larger lot size short 100+ pips so it can cover the loss of a smaller lot size with simple ease.

MM tricks + exotic trading techniques = profit