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Circular Trendlines

  • #1,781
  • Apr 22, 2012 11:03pm Apr 22, 2012 11:03pm
Quoting Kambooj
On the very first page of this thread, on one of diagrams I have screen shots of how you draw circles on MT4. But when you change time frames on MT4 the circles change shape, and thats why I dont use MT4 for drawing circles.

I update the important information on this thread through links on my very first post, so everytime that I think something important has came to my mind, I update the links on the very first page to point to that article.

Thanks kambooj
  • #1,782
  • Apr 23, 2012 4:08am Apr 23, 2012 4:08am
Downward motion will continue till around 3120. If that level breaks then 3060 is the next target spot. Given the strong drop I personally favor 3060, but anything can happen and if we stall at 3120, we could rebound upwards again after that, however the rebound would only be a slight retracement and not a complete trend change.
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD_M30.jpg Size: 102 KB
  • #1,783
  • Apr 23, 2012 8:41am Apr 23, 2012 8:41am
Recent structure shows we should be hitting a low of 3070 by end of today.
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD_M30.jpg Size: 196 KB
  • #1,784
  • Apr 23, 2012 9:25am Apr 23, 2012 9:25am
Here is a update with a new projection of price
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD_M5.jpg Size: 133 KB
  • #1,785
  • Apr 23, 2012 9:50am Apr 23, 2012 9:50am
This is a depiction of a octagon on the M10 time frame, still pointing to furhter lows.
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD_M10.jpg Size: 137 KB
  • #1,786
  • Apr 23, 2012 9:55am Apr 23, 2012 9:55am
Quoting Kambooj
This is a depiction of a octagon on the M10 time frame, still pointing to furhter lows.
I have 3046 or so for a level....Im looking there to cover my SH
  • #1,787
  • Apr 23, 2012 9:59am Apr 23, 2012 9:59am
It falls on a nice fib level which is the 78.6 of the entire rise from 2995 to 3228

Quoting needpips
I have 3046 or so for a level....Im looking there to cover my SH
  • #1,788
  • Apr 23, 2012 10:10am Apr 23, 2012 10:10am
Kambooj,

As I haven't read the whole thread yet I'm not quite following the reference to the time slots (let alone the pentagons, etc.) Can you point me in the right direction on where to pick that up.

Thanks much,
  • #1,789
  • Apr 23, 2012 10:17am Apr 23, 2012 10:17am
Quoting Kambooj
It falls on a nice fib level which is the 78.6 of the entire rise from 2995 to 3228
yep...78.6& fib is super consistent in EU
  • #1,790
  • Apr 23, 2012 10:33am Apr 23, 2012 10:33am
You dont need to read the whole thread, just he hyperlinks on the first page on my very first post are the important ones. The ones under "Additional Posts To Check"

The pentagons and hexagons is something I started and noticed a while back. My first explanation about it was on the previous page:

http://www.forexfactory.com/showthre...20#post5595120

I think its the missing link in drawing these circles, so that they make more sense.

Basically the concept is that as the market moves different highs and lows of the market eventually form either the 5 sides a pentagon or the 6 sides of a hexagon. The lines within the pentagon/hexagon are the support / resistance spots and the intersection of the lines within the pentagon/hexagon are the time slots within which a wave will go in that direction.

Offcourse taking the fractal nature of these things, lower time frames such as M15 and M30 give intraday direction, and higher ones such as H1 and H4 are better for weekly direction or direction within a 2-3 day time frame.

Putting the pentagons/hexagons with circles adds more accuracy to the circle being drawn, because now the circles have to be drawn in such a manner where the position of its center or sides go hand in hand with the structure.

This process eilimnates a lot of other minor circles being drawn that can cause inaccuracy in judgement, and thats the problem I had for a while. Now I draw the time slots first, then adjust the circles around those time slots.

So now if you know the approximate time within which a movement has less chances of turning around for a surprise of a 100 pip in the opposite direction, its easier to get out and close a trade, once you know the approximate time has arrived.

You can also use it in another way, where you can check your indicators close to the time that you see the pentagon/hexagon is telling you.

I try to look at all time frames and find these structures, and as I do I post them here, for further examples.

Basically trying to find a price zone close to a time zone where a reversal might occur.


Quoting spyderman
Kambooj,

As I haven't read the whole thread yet I'm not quite following the reference to the time slots (let alone the pentagons, etc.) Can you point me in the right direction on where to pick that up.

Thanks much,
  • #1,791
  • Apr 23, 2012 10:55am Apr 23, 2012 10:55am
Quoting Kambooj
The barrel roll is the name given to a phenomenon that I have observed when a uptrend wants to change to a downtrend.

Its basically the shifting of angles of the tops as price action progresses. This shifting of angles resembels a barrel being pushed along a hill that slowly increases its steepness downwards, or a barrel being pushed upwards along a hill that becomes flat on the top.
The important part is that it is early warning sign of a drop downwards. There is a third barrel that at some point in time forms and that is the retracement on...
Thanks for the response!
"GIVE ME 3 POINTS IN SPACE IN TIME AND WATCH ME CREATE MAGIC."
  • #1,792
  • Apr 23, 2012 11:03am Apr 23, 2012 11:03am
Here is an update.

I placed a vertical line at the end of the circle as part of the setup to denote a possible time factor.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: ELLIPSE 1.GIF Size: 26 KB
Click to Enlarge Name: ELLIPSE 2.GIF Size: 22 KB
"GIVE ME 3 POINTS IN SPACE IN TIME AND WATCH ME CREATE MAGIC."
  • #1,793
  • Apr 24, 2012 12:06am Apr 24, 2012 12:06am
Quoting Kambooj
Here is a new view, with a possible spike to 3180-3200

just came across this and i remembered it was pretty violent in EURUSD around apr 12.
  • #1,794
  • Apr 24, 2012 8:23am Apr 24, 2012 8:23am
Quoting kapital
Price has reached an area of circular resistance. Here are a couple of scenarios I foresee:

1) Price opens next week with a strong move (potential gap) from the perimeter of the current circle (a return for a re-test of it may or may not happen).

2) Price fluctuates along the perimeter of the current circle until it decides on a directional bias (a return for a re-test of it may or may not happen).

Whatever the case, the ideal target area for price is the perimeter of the next circle in the direction price is traveling. However, if price loses...

There was a strong move down from the perimeter of the circle to open the week. Also, price lost momentum and failed to reached the lower circle and made a return to the upper circle. Will resistance there still hold? Time will surely tell.
Attached Image (click to enlarge)
Click to Enlarge Name: ELLIPSE.GIF Size: 22 KB
"GIVE ME 3 POINTS IN SPACE IN TIME AND WATCH ME CREATE MAGIC."
  • #1,795
  • Apr 24, 2012 9:19am Apr 24, 2012 9:19am
Here is the view, sell opportunity at 3195-3210
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD_M30.jpg Size: 160 KB
  • #1,796
  • Apr 24, 2012 9:31am Apr 24, 2012 9:31am
Here is a update on the above chart with more explanations...

Quoting Kambooj
Here is the view, sell opportunity at 3195-3210
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD_M30.jpg Size: 186 KB
  • #1,797
  • Apr 24, 2012 9:48am Apr 24, 2012 9:48am
Here is another view, applying a hexagram / six pointed star to time.

Again pointing the same theme of a move downwards and limits of upward motion being reached.

again sell anywhere in between 3190-3220 zone for a target of 3100/3060

Expect a pole bounce close to the T6 time zone, which is somewhere close to 2:30 PM EST.
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD_M30.jpg Size: 158 KB
  • #1,798
  • Apr 24, 2012 1:30pm Apr 24, 2012 1:30pm
If you sold anywhere in between 3190-3220 here are 2 short term targets, one at 3160 and the other at 3130
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD_M10.jpg Size: 147 KB
  • #1,799
  • Apr 24, 2012 1:54pm Apr 24, 2012 1:54pm
Here is another smaller time frame update...
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD_M5.jpg Size: 130 KB
  • #1,800
  • Apr 24, 2012 2:38pm Apr 24, 2012 2:38pm
Kambooj,

How are do you determine where the time lines are and how are you drawing your star shapes (trendlines ?)

Thanks
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