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Circular Trend-Waves 414 replies

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Attachments: Circular Trendlines
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Circular Trendlines

Here is whats being watched:
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Something to watch here too:
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Thats only if the 2 breaks off the top red line are authentic breaks, but again the upward motion along the median white line is failing quite hard. I would suspect that your model will be correct, if the upward motion would have sustained above the median white line that you have drawn.

However the weekly time frame as mentioned in the following post:

http://www.forexfactory.com/showthre...43#post5542543

suggests that its not easy to go past the 3500 level quite fast.

If 3420 was being reached early this week, and sustained itself I could have seen 3600 being reached, but no more after 3600, until a stronger bounce on the weekly chart occurs from a lower high close to 2600 or from a lower low around 2300.


Quoting Oshawa
Something to watch here too:
When drawing a circle to touch any chosen piovts, does its size (diameter) matter at all? If so, how is it determined?
Downdraft remains in place, with a strong hesitancy for price action to go below 3050.

This hesitancy will be broken soon for access to 2900
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At least about 70% of the time there is more than one way to draw these circles. Depending on which time frame you choose to draw the circle, the size of the circle is determined by the number of points that can lie on the circle. As long as most of the circles convey the same message, then that is all you are looking for. You should check fib levels along with your drawings too.

One phenomenon that I have seen is that at times many circles have their center starting from the same zone along the boundaries of another circle, just as I have described in the following post:

http://www.forexfactory.com/showthre...8#post516507 8


If you can find such areas within a chart, then the right diameter will reveal itself to be only within a very close margin of drawing, but its more a method that you need to practice drawing them a lot, and at times that they dont tell you much, which is a strong indication that you should stay out of the market.



Quoting southernmind
When drawing a circle to touch any chosen piovts, does its size (diameter) matter at all? If so, how is it determined?
Here is the M1 view...
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Here is the view, with 3140-3180 being a highly likely sell region. Time on the chart does not include saturdays
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Her are the details
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Here is another view from M5
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Quoting Kambooj
Here is another view from M5
Yes but why choppy and ranging around 3150
The only reason I was emphasizing that sell region, was because of the fact that it had reached the limits of the circle upwards, then I thought we will have to wait another day or so according to the time limits, and see a spike upwards, but as the most important trading hours (ie 9-11 am EST) were approaching I saw signs on the smaller time frames for divergence in the RSI. I never pay that much attention to these signs if they arent in those hours.

Then I thought that the 5 day limit for time must be the one, and some kind of a turn around will occur today.

That was the only reason that I put the posts for a sell in that region.

If your timing is good, and you look at the indicators, and trendlines when time makes some sort of a sense, which means it either forms a fib ratio relative to the other times, or its a summation of the previous ones exists,

Then

Even in choppy markets you can start to see things giving clues from the smallest time frame onwards.



Quoting egkid
Yes but why choppy and ranging around 3150
Quoting Kambooj
The only reason I was emphasizing that sell region, was because of the fact that it had reached the limits of the circle upwards, then I thought we will have to wait another day or so according to the time limits, and see a spike upwards, but as the most important trading hours (ie 9-11 am EST) were approaching I saw signs on the smaller time frames for divergence in the RSI. I never pay that much attention to these signs if they arent in those hours.

Then I thought that the 5 day limit for time must be the one, and some kind of a turn...
I been waiting 1.32 for while it make me tense keep ranging all day@3150
so to not lose the chance and not lose my money i divided my position
first entry 1.3140 and if go 32 will take another one if not i will get ++ even if it not much but ok

Yes i think there will b spike but we need to see it very soon , we will see
Here is a new view, with a possible spike to 3180-3200
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3090 as mentioned in the above diagram was a good stoploss for any buy orders. Currently 3150 - 3180 is in the range.

There is a probability of 3200 as well before a turn around occurs, but as time progresses that target will show its clarity.

Quoting Kambooj
Here is a new view, with a possible spike to 3180-3200
As mentioned yesterday:
http://www.forexfactory.com/showthre...61#post5560861

3180 still remains a sell region.
According to the timeline in the above link, a turn around should have occured on the 5th,6th or 7th day.

The 5th day of our waiting for a turn around failed our expectations.

either today or tomorrow we should see a turn around.

Still use every high for a better sell position
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Here is the situation on H4. If you are short on this pair keep it that way to at least 3030-3050 zone.
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M1 RSI showing more confirmation of bearishness.
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Taking the point of the drop as the place where a trend starts, a new version of the time limits is shown, which again points to a drop happening som time soon
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Quoting Kambooj
Taking the point of the drop as the place where a trend starts, a new version of the time limits is shown, which again points to a drop happening som time soon
Today close will b very important
c u@ Asia session
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