Draw 'n Trade (DnT)

The price have broken the circle , and now targeting 1,2240s...

The price does not have a long way to go in order to complete the cycle.In case the big circle is broken then the price might target really deeper levels...Time will show...

Hi Selym,

I like your posts- very fresh thinking!
Have you ever tried to use Supply/Demand trading in combine with your analyzes?

Best regards,
vitall

(The first three picture) EURUSD did something which i was not execting...when i drew smaller circles and selymfans on the smaller timeframes then its is really clear that a bullish trend has started...So wat is the target time + price of the new bullish trend ? The weekly chart and the circles on it help us to detect the weekly target of the new upcoming bullish trend.Knowing that the cycle is not completed , the following movement will be only a retracement , and it will encounter some strong sellers at 2870-2850 (July 15-20th) ...it is the junction of two selymfan resistence...later the price will be defeated by the sellers and will target the outer line of the giant circle (something like 1,2400s)..

ın case the giant circle is broken then we can easily blame that a gigantic downtrend is on the way , but first we must set our plans in accordance to 1,2850

The fourth pic is about GOLD , and the reference point is the HIGH of all times.When we draw rays starting from that reference point and passing through significant pivots we can easily understand the path which the price will follow during its downtrend.In addition (when we add circles) it becomes more clear...The max price possible for now is 1600-1612..later the price will encounter strong sellers at those levels where there is a selymfan resistence and circular resistence...this time the target of the bears will be something between 1470-1450 ish...

Thanks for ur interest...

I believe in market geometry...and the harmony withing the apparent chaos.Thats why i am trying to expertize in geometric stuff. But my experience has led me to an understanding that there shud be two different strategies for entering a position and for exiting the position.

For entering ---> Support and resistence levels as triggers
For exiting ---> Geometric drawings like equidistant channels , selymfans (my way of drawing fans) , circles

I am just trying to understand the rhytm of the market...and i accept it as a living beast Nothing is chaotic , nothing is coincidence...As shakespeare said :

All the world is a stage ....

regards...

Before & After

The pair has been loyal to the fan for a long time , so nowadays I am expecting a dis-loyalty But the priority shud be in accordance to the technical terrms instead of feelings and expectations.So there are two trend possibilities :

a ) The price will break the fan resistence zone (blue zone) and the first target will be the upper fan resistence

b ) The price will prefer to stay loyal to the Fan and will continue its downtrend and this time will be targeting something like 1455s ... The more time it spends , the deeper the target of the possible downtrend becomes.

Now the price is resting right above a horizantal support zone and it is squeezed between the fan resistence and the horizantal support zone.the explosion will help us determine the following trend..

On the other side all the fundamentalists expect GOLD to bounce up to skies...well,time will show ...

God bless you all !

EURJPY H4...The price is moving withing the boundaries of an ascending fan.But at the same time we shud start drawing a descending fan from the significant HIGH (like shown in the picture)...

EUR/JPY H4

It looks like this market is going downtrend...

The only thing is the Demand zone- it can stop it for a while...

Well...the pictures you upload belong to USDJPY

When we look at the pair from the weekly perspective , then it is easy to notice the bearish pressure , but the price is supposed to test the fan resistence (drawn with solid yellow on the picture)...There is a little distance between that line and the price at the moment.And in smaller timeframes like H4 the price (confirms this attitude) and moves in an ascending fan.

When the price touches the weekly fan resistence then its the decision time for the pair , and we shud join the trend at the most suitable place.

By the way I have a possible scenario for USDJPY , there is a bearish weekly fan in this pair , but the price seems to be on its journey towards the upper fan resistence.But ofcourse things might be quite different in smaller timeframes like H4 , but we sometimes shud look at the big picture too...

(Vitall i hope you didnt misunderstand me , I did not want to embarrass you)

LOL- my mistake I am in Ukraine now- it is about 3 am here
Here is the right one...

The H1 chart says that we are right in Demand zone... It can go down without testing the weekly line. We will see

Yes , we ll see God bless you all

CAD/JPY Daily: what do you think about this set up?

I didnt draw many things in order to not make it more confusing...As seen in the picture the price ,is squeezed in a triangle zone.Most probably this point will be the beginning of a downtrend , or in case the triangle zone is broken in the upper direction , then an uptrend will be established.

I never trade in CADJPY , but if i did i wud enter the position when the horizantal suport right below the price is broken.Otherwise entering a SHORT position here wud be really risky...

Regards..

EURUSD D1....I drew some fan trendlines and circles on this pair in order to make things more understandable.The price has been rejected from the red circular resistence two times.But in overall we are face to face with a bullish trend.So the price might find support at this circular support now and penetrate the red circle which seems to be really strong.But in case its broken the the price will not be let go on its journey comfortabally. It will encounter another circular in short distance .Anyway..here is the screenshot..

The pair misled me and did not touch the fan resistence at 1,2870s before starting the downtrend.And now we are at a critical point where both the fan support and the grand-circle intersect , at the same time such intersections can be called as energy points which attract the price against themselves. This point has the potential to be the bottom of the downtrend which started from 1,45s...and the new weekly cycle might start here...

Monday will be an important day to answer this question. If the cycle is not completed and if the price wants to go to deeper levels then there shud be a gap (30-40 pips) on monday below the fan support , and then EURUSD can be allowed to go to its historical LOWs.

But most probably this point will be a strong support for the pair and it will be the beginning of an uptrendwhich will first breathe at 1,2830s ...

Regards..