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Circular Trendlines

  • #1,901
  • May 10, 2012 11:56pm May 10, 2012 11:56pm
Right now I am not sure about that, but my compass is pointing upwards as time is passing by.

But lets see
Quoting needpips
Im looking for 1.28777
  • #1,902
  • May 11, 2012 9:16am May 11, 2012 9:16am
From a time perspective we are close to a action/reaction time slot on the H4 time frame, and within the next half an hour we either have to see a solid break of 2900 level, going towards 2850 or we have to start seeing signs of climbing upward toward 2950.

Current indications are shifting towards a bullish move.

Here are the details...
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD_H1.jpg Size: 153 KB
  • #1,903
  • Edited 9:00am May 15, 2012 8:44am | Edited 9:00am
Daily/Weekly

Extreme Bearishness is in place that has the potential of breaking the red line shown. However this red line is also a important line on the weekly chart, and because of its strength on the weekly chart, it has the potential to form a Elongated Flat, or a ABC formation as shown. So the bounce off this line must be monitored with a lot of awareness. It is a region where price can rebound severely upwards, and cause large swings. We need at least a 100 pip rise as fast as possible, if the red line is going to prove itself as a strong support.

From a timing perspective we are almost done on the down move, which goes hand in hand with hitting the strong support on the daily/weekly. Its now decision time for the EUR to see how far up it can bounce, and whether this bounce will sustain itself or just barely make it to 2900. If it stays in the same place between 2770 and 2810, then a stronger than normal break would happen on the daily/weekly chart, which will throtle this pair below 2600 level very easily.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: EURUSD_Weekly.jpg Size: 93 KB
Click to Enlarge Name: EURUSD_Daily.jpg Size: 97 KB
Click to Enlarge Name: EURUSD_H4.jpg Size: 118 KB
  • #1,904
  • May 16, 2012 11:19am May 16, 2012 11:19am
Daily/H4

After the dip to 2680 this morning, on the daily time frame we have a strong reversal sign, which is a Energy Circle happening.

Since the time slot is very narrow (May 16-25),the probability of a strong move is increasing as time passes.

The T1 trendline needs to be broken hard for a strong move upwards.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: EURUSD_Daily.jpg Size: 109 KB
Click to Enlarge Name: EURUSD_H4.jpg Size: 165 KB
  • #1,905
  • May 16, 2012 12:11pm May 16, 2012 12:11pm
Quoting Kambooj
Daily/H4

After the dip to 2680 this morning, on the daily time frame we have a strong reversal sign, which is a Energy Circle happening.

Since the time slot is very narrow (May 16-25),the probability of a strong move is increasing as time passes.

The T1 trendline needs to be broken hard for a strong move upwards.
my initial target 2980. later chart. now monitoring m1
looking for investors . pm me
  • #1,906
  • Edited 11:57pm May 16, 2012 11:17pm | Edited 11:57pm
In my quest to try to find the perfect timing of events where price and time can meet for pin point entry, I am experimenting with few concepts that all involve circles.

The idea is intersecting circles at boundaries of support and resistance where a trend changes marks time,
and future market turning points can be found by using other intersecting areas on the same circle.

To illustrate this point I have shown this method on the H4 Chart of the EUR/USD

The 2 support/resistance zones are shown by the blue circles
The center of both blue circles is positioned on a timeline where trend changes. This is shown by the vertical line in red

Now we position other circles in such a way where the intersection of those circles with the blue circles marks important turning points in the past. The 2 circles in black are drawn in this manner.

The new turning points in time are found by noting future intersecting points along the support / resistance lines. Using this method we both get price and time touch points.

I used this method and got almost very close turning points as my previous methods. But using this method the turning point is around 2649 at 4 AM on 17th of May and a upward movement to 3030 level by May 25th at 20:00

You might also find that using this method you will find that the center of few circles will fall very close to the perimeter of one particular circle.

Its the same phenomenon as using straight trendlines. If you draw lots of straight trendlines across your chart, specially on higher time frames, you will notice that at times all these trendlines intersect in a common point or a common zone.

With circles a similar phenomenon occurs. When drawing lots of circles across your chart, again you find that the center of all of them or few of them fall on the perimeter of one circle. This phenomenon does not happen in all cases, but when it does all circles relate to each other in a interesting way.
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD_H4.jpg Size: 123 KB
  • #1,907
  • May 17, 2012 12:27am May 17, 2012 12:27am
Thanks for an interesting writeup.
I am too looking for a dip below 1.27 to go long.
  • #1,908
  • May 17, 2012 7:07am May 17, 2012 7:07am
hello. here is the chart..
Attached Image (click to enlarge)
Click to Enlarge Name: eurs.gif Size: 16 KB
looking for investors . pm me
  • #1,909
  • May 17, 2012 8:17am May 17, 2012 8:17am
Thanks for the chart, here is my view:

As anticipated a turnaround is occuring now, except that instead of 2649, the turn around was at 2667, very close still. The estimated upward movement is roughly until the highs of 2700 / Lows of 2800. Right now I see 2810-2820 region, but as motion progresses, we could also end up slightly below 2800 at 2790 as wel..


Quoting kbmoonshinex
hello. here is the chart..
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD_M5.jpg Size: 89 KB
  • #1,910
  • May 17, 2012 8:49am May 17, 2012 8:49am
Quoting Kambooj
Thanks for the chart, here is my view:

As anticipated a turnaround is occuring now, except that instead of 2649, the turn around was at 2667, very close still. The estimated upward movement is roughly until the highs of 2700 / Lows of 2800. Right now I see 2810-2820 region, but as motion progresses, we could also end up slightly below 2800 at 2790 as wel..
Hi, this is very interesting. But does this negate your 4H chart of bouncing up to 3000 area? Thanks.
  • #1,911
  • May 17, 2012 9:09am May 17, 2012 9:09am
No, it doesnt, timeline says by May 25 its gonna be at that level. So the bounce up is the first stage of reaching that level

Quoting Oshawa
Hi, this is very interesting. But does this negate your 4H chart of bouncing up to 3000 area? Thanks.
  • #1,912
  • May 17, 2012 9:10am May 17, 2012 9:10am
It seems that as motion is getting close to the timeline that is dictated by the center of the shown circle, more agitation is occuring. The bounce off 2720 level still was within the support region(s) of the blue circle. Looking forward to powering through the center of the circle where the timeline discussed is located, in here the circle is shown as grey
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD_M5.jpg Size: 78 KB
  • #1,913
  • May 17, 2012 9:16am May 17, 2012 9:16am
This is a example of the behaviour of the center of circles.

At times they offer the most resistance/support spots, and at times they cause a catalytic motion of speeding up the price action to happen as motion gets closer and closer to it.

In here it seems that motion is speeding up as its getting closer and closer to it.

Once past the center then it will go very fast to the other side of the perimeter, and wont come back to the center very easily

Quoting Kambooj
It seems that as motion is getting close to the timeline that is dictated by the center of the shown circle, more agitation is occuring. The bounce off 2720 level still was within the support region(s) of the blue circle. Looking forward to powering through the center of the circle where the timeline discussed is located, in here the circle is shown as grey
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD_M5.jpg Size: 78 KB
  • #1,914
  • May 18, 2012 5:43pm May 18, 2012 5:43pm
I will be off this thread due to long weekend in Canada, till Tuesday Morning. I was watching the move today, as it found resistance at 2730, and didnt want to post anything until we have a clear break. the current ascend towards 2790 is good enough to establish a long position.


However due to the time line of May 25th, where I am expecting a turn around occur around 3030-3050 level, I suspect that the movement upwards will be highly corrective, since there is lots of time to get there and we are already at the border of 2800 level.


We should be hitting the lows of 2800 on Sunday / Monday, and then a retracement to go long again.

Have a good weekend everybody
  • #1,915
  • May 19, 2012 9:45am May 19, 2012 9:45am
Quoting Kambooj
I will be off this thread due to long weekend in Canada, till Tuesday Morning. I was watching the move today, as it found resistance at 2730, and didnt want to post anything until we have a clear break. the current ascend towards 2790 is good enough to establish a long position.


However due to the time line of May 25th, where I am expecting a turn around occur around 3030-3050 level, I suspect that the movement upwards will be highly corrective, since there is lots of time to get there and we are already at the border of 2800 level....
=====================================

Thanks Kambooj.

Pleasant long weekend to you and your family.
Hercs
  • #1,916
  • May 19, 2012 3:18pm May 19, 2012 3:18pm
Quoting Kambooj
I will be off this thread due to long weekend in Canada, till Tuesday Morning. I was watching the move today, as it found resistance at 2730, and didnt want to post anything until we have a clear break. the current ascend towards 2790 is good enough to establish a long position.


However due to the time line of May 25th, where I am expecting a turn around occur around 3030-3050 level, I suspect that the movement upwards will be highly corrective, since there is lots of time to get there and we are already at the border of 2800 level....
If 3030-3050 level is hit, the gap is just started to fill.
Is it possible to fill it up to 3080 level?
Simple is powerful all the time.
  • #1,917
  • May 21, 2012 5:12am May 21, 2012 5:12am
tp 2980. i think this week we can see that price
Attached Image (click to enlarge)
Click to Enlarge Name: eurs.gif Size: 15 KB
looking for investors . pm me
  • #1,918
  • May 23, 2012 9:39am May 23, 2012 9:39am
Back from a long vacation, here is the outlook for today:


The next action/reaction zone is within the vicinity of today-May 25th. It can happen anytime right now and the window of opportunity is small to get in, because the next time zone for another move is around May 29th.

Given the fact that we have exhausted the limits of a down move as dictated by the 2 straight black trendlines, and the probability of a false break of the blue line is very high, then its a bit dangerous right now to get on a sell.

Because of the speed of the down movement, if it is to hit a new low below 2570-2480, it will be a very fast and swift move, which is kind of dangerous to get in. On the other hand a solid break of the blue line will be the first sign of a bullish move.
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD_H4.jpg Size: 160 KB
  • #1,919
  • May 23, 2012 11:53am May 23, 2012 11:53am
The next action / reaction time line is around May 24 at 11:00 EST. If we go above the blue line, then a higher high will be made, that would most probably be around the T1 line. If we dont make a higher high, then we will be going further down until the T2 line is hit, which is around 2508 or 2520. For now the blue line holds the key to whether further highs are possible or not?
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD_M15.jpg Size: 142 KB
  • #1,920
  • May 23, 2012 12:08pm May 23, 2012 12:08pm
Sorry for late response,

but in the case of the chart at the time that you wrote this post, highly corrective movement was expected. so a downward movement to about 78.6 or 88.6 of the rise from 2642-2823 would have been a natural expectation.

2642 was slightly above Jan 15 low of 2623, so still we could have been at the end of a movement.

Since the Jan 15 Low and (August 22 - Sept 15) of 2010 lie on the same line, I was not expecting it to be broken. They were strong levels.


But the fact that it is broken, within a limit of 50-100 pips still could be a false break, and market makers quite oftenly use this tactic to fake people into thinking a major low has been broken.

So until this "fakeness" is proven otherwise, short positions should have a quick exit strategy to them to avoid being trapped.

In this case, now the may 25th time line is the start of a new major move.

If our market makers have decided that they will go furhter down, then May 25th will be the start of another series of down move. If not, then we should see at least 2700, and then May 25th will be a bigger surge upwards.

Right now the important level of 2623-2640 needs to be watched carefully, because if we only see resistance at that level, then that is bad news for any long positions, and we could be going further down to 2350 level if that happens.

Quoting RiverTrader
If 3030-3050 level is hit, the gap is just started to fill.
Is it possible to fill it up to 3080 level?
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