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Circular Trendlines

  • #1,661
  • Mar 16, 2012 7:39am Mar 16, 2012 7:39am
The red circle on RSI is signaling the complete stretch of the upward movement, and is a perfect sell setup again at 3130-3140
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  • #1,662
  • Mar 16, 2012 8:19am Mar 16, 2012 8:19am
The above setup is exactly like another setup we had last week on the hourly chart:

http://www.forexfactory.com/showthre...54#post5456454

Again look at the curvature being maxed out in both of these cases.

Quoting Kambooj
The red circle on RSI is signaling the complete stretch of the upward movement, and is a perfect sell setup again at 3130-3140
  • #1,663
  • Mar 16, 2012 12:21pm Mar 16, 2012 12:21pm
  •  eggs
  • | Joined Nov 2011 | Status: Everybodys A Central Banker Here... | 819 Posts
Hello Kambooj. I've been following your methodology off and on over the past year. Unfortunately due to the lack of a more robust charting application I have had issues integrating circle trendlines precisely enough. None the less I have continued the pursuit of defining my technical analysis around Euclidean geometry & Fibonacci.

I ran across a tool I thought might be right up your alley. There are endless ways to apply the tool. In fact its still relatively new to me as well. In a nutshell the Phi Matrix is based on the golden ratio of 1.618. The picture I have posted is just one of many configurations of the Matrix. Again. I'm not suggesting you analysis needs ANYTHING at all. You're Spot On! I just thought you might find the geometric progressions fascinating.

BTW The FREE TRIAL is fully functional. You just have to live with the watermark.

Thanks for all you do.

http://www.phimatrix.com/
Attached Image (click to enlarge)
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  • #1,664
  • Mar 16, 2012 12:25pm Mar 16, 2012 12:25pm
Quoting eggs
Hello Kambooj. I've been following your methodology off and on over the past year. Unfortunately due to the lack of a more robust charting application I have had issues integrating circle trendlines precisely enough. None the less I have continued the pursuit of defining my technical analysis around Euclidean geometry & Fibonacci.

I ran across a tool I thought might be right up your alley. There are endless ways to apply the tool. In fact its still relatively new to me as well. In a nutshell the Phi Matrix is based on the golden ratio of...
nice eggs.... price and time is understanding market movements
it looks somehwat similar to a gann square too but im sure its use is to square price and time

"when price and time square change is inevitable"- W.D. Gann

Have I got something on my face, SOLDIER?
  • #1,665
  • Mar 19, 2012 8:21am Mar 19, 2012 8:21am
Thanks I will check it out, there is another tool, that is really good.

Its called the Fibonacci Line Anzlyzer that sells for a decent price at
http://fibonacci-trading-software.info/

It got circles and fibonacci spirals as well. The spiral tool is real good.

For today I am staying out of the market.

Friday's forecast was not good at all, but the lows of 2900 are still possible at the moment. Trendlines on H4 are pointing to a zone around that area.

Need few more confirmation before posting anything.

Quoting eggs
Hello Kambooj. I've been following your methodology off and on over the past year. Unfortunately due to the lack of a more robust charting application I have had issues integrating circle trendlines precisely enough. None the less I have continued the pursuit of defining my technical analysis around Euclidean geometry & Fibonacci.

I ran across a tool I thought might be right up your alley. There are endless ways to apply the tool. In fact its still relatively new to me as well. In a nutshell the Phi Matrix is based on the golden ratio of 1.618....
  • #1,666
  • Mar 21, 2012 5:13am Mar 21, 2012 5:13am
I had to wait it out for 2 days to see how far up the movement will go before hesitating to go higher. Right now its at a resistance spot on the black circle and blue line.

Still not clear how far up it will go, but at this level we wont have a spike to 3400 very easily, also going through the black circle needs more than 1-2 touches to do that region.

Even if we are to go higher, minimum retracement will be to 3200, and if we are to dip low and change trend, we will end up at anywhere between 2800-2900 zone.

If you can afford a small lot, it will be a goodidea to try a short position at the moment. Best shorting zone will be 3280-3310. You can try 3260 too, but just be aware that a spike can happen to only reverse at the lows of 3300
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  • #1,667
  • Mar 21, 2012 9:03am Mar 21, 2012 9:03am
Here is a buy opportunity with a tight stoploss of 10-20 pips that can be tried at 3195-3210 zone
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  • #1,668
  • Mar 21, 2012 9:34am Mar 21, 2012 9:34am
Here is a more recent update
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  • #1,669
  • Mar 21, 2012 10:08am Mar 21, 2012 10:08am
Quoting Kambooj
Here is a more recent update
that really proves how market geometry is amazing.
before after charts make it more intense for the viewers

top notch Afshin
nice
Have I got something on my face, SOLDIER?
  • #1,670
  • Mar 22, 2012 8:46am Mar 22, 2012 8:46am
Here is the H4 view, pointing to more downward action and a failure to go towards 3600 and beyond. This failure has been demonstrated today by the inability of the pair to go above 3250, and the severe drop from that level to 3135
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  • #1,671
  • Mar 22, 2012 9:22am Mar 22, 2012 9:22am
Here is a update...
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  • #1,672
  • Mar 22, 2012 9:38am Mar 22, 2012 9:38am
Might get a slight reaction upwards due to the New Moon happening at 10:37 AM EST.

Overall trend is a sell on H4,

but lets see what this new moon is going to do ...
Attached Image (click to enlarge)
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  • #1,673
  • Edited 12:43pm Mar 22, 2012 12:31pm | Edited 12:43pm
Here is another view from H4
Attached Image (click to enlarge)
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  • #1,674
  • Mar 22, 2012 12:36pm Mar 22, 2012 12:36pm
Quoting Kambooj
Might get a slight reaction upwards due to the New Moon happening at 10:37 AM EST.

Overall trend is a sell on H4,

but lets see what this new moon is going to do ...
notice that cycles dont always stop and reverse a trend,
it also accelerates a trend or decelerates than accelerates it

nice charts as usual
Have I got something on my face, SOLDIER?
  • #1,675
  • Mar 23, 2012 9:03am Mar 23, 2012 9:03am
Here is the view...
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  • #1,676
  • Mar 23, 2012 9:08am Mar 23, 2012 9:08am
Here is M1
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  • #1,677
  • Mar 23, 2012 9:34am Mar 23, 2012 9:34am
Even with the new low still caution must be exercised in going long...


Quoting Kambooj
Here is the view...
Attached Image (click to enlarge)
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  • #1,678
  • Mar 26, 2012 7:55am Mar 26, 2012 7:55am
Here is the current view, basically wait for a better trade setup at 3350-3360 region (sell setup), since we are maxed out both on the RSI and approaching a important Fib Level on the H4 chart
Attached Image (click to enlarge)
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  • #1,679
  • Mar 26, 2012 8:02am Mar 26, 2012 8:02am
Here is the RSI view...
Attached Image(s) (click to enlarge)
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  • #1,680
  • Mar 27, 2012 8:42am Mar 27, 2012 8:42am
Yesterdays wait cleared the view for a better trade setup today

Here is the current view, sell anywhere in between 3330-3370 for a target of 3100.

Circles on the RSI coming next...
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