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Circular Trendlines

  • #2,061
  • Jul 5, 2012 10:01am Jul 5, 2012 10:01am
Quoting Kambooj
Here is the view...

Upward reaction expected some time soon
Hi
It going lower bro no 1.28 for while

I'm in SELL with AUD That my concern and Gold
  • #2,062
  • Jul 5, 2012 12:28pm Jul 5, 2012 12:28pm
Here is the only way that I can think of if it decides to pursue its path downwards. Minimum up move is to 2450 level.


Quoting egkid
Hi
It going lower bro no 1.28 for while

I'm in SELL with AUD That my concern and Gold
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD_H2.jpg Size: 118 KB
  • #2,063
  • Edited 1:28am Jul 6, 2012 1:27am | Edited 1:28am
Good morning Kambooj,

With reference to your post on the 3rd of July (#2056) where you forecasted the 11th of July 16h00 est as being the lowest point, how does that scenario now pans out? I think you are pretty much in the zone so to speak and therefore we may still expect that extra drop or not?

Thank you again for sharing your expertise that is getting sharper and sharper.

Best wishes.
Hercs
  • #2,064
  • Edited 6:33am Jul 6, 2012 5:46am | Edited 6:33am
http://wahai.com/usdindex4.png

euro index

http://wahai.com/ei8.png
Patience Pays
  • #2,065
  • Jul 6, 2012 8:09am Jul 6, 2012 8:09am
The timelines are action / reaction spots, price does not necessary have to line up with the intersection points of the 2 curves where the timeline is located. July 9th is Monday and July 11th is Wednesday.
The downward motion is creating a tight energy circle around the red circle in the following post:

#2062
http://www.forexfactory.com/showthre...63#post5817563

So I am expecting a reaction very soon or some sort of a consolidation to happen at anywhere in between 2330 and 2300. Yesterdays consolidation didnt bounce the price up, but it also hasnt generated a significant push downwards either. We are only about 50/60 pips down from the 2370/80 level which is still not much.

I would expect at least a retest of the 2450-2500 level followed by another stronger surge that will put us at the 2650 level by July 11th.

I am holding off further forecasting until around 10:30 today to see what will happen, but I cant see much more beyond what we are going through just now, just because of the concept of "Energy Circle" in play at the moment.

Any major move I expect it to come in 2 months down the road. Last summer everyone thought that once 4000 broke around July 11th, then we are definetly going down to 3500 and even 3000. That never happened until much later, and we were encountered with a huge surprise up from 3830 level to 4500 again.

Interesting thing that right now we are also close to pretty much the same time as last year.

Quoting Hercs
Good morning Kambooj,

With reference to your post on the 3rd of July (#2056) where you forecasted the 11th of July 16h00 est as being the lowest point, how does that scenario now pans out? I think you are pretty much in the zone so to speak and therefore we may still expect that extra drop or not?

Thank you again for sharing your expertise that is getting sharper and sharper.

Best wishes.
  • #2,066
  • Jul 6, 2012 11:34am Jul 6, 2012 11:34am
Time to long ?

http://wahai.com/katweekly.png
Patience Pays
  • #2,067
  • Jul 6, 2012 11:50am Jul 6, 2012 11:50am
Quoting egkid
Hi
It going lower bro no 1.28 for while

I'm in SELL with AUD That my concern and Gold
My entry yesterday
Quoting egkid
I'm very keen @1.0314 with AUD
Trend down and i will sell Rally
AUD Play nice with me
And gold u can check my chart
Attached Image (click to enlarge)
Click to Enlarge Name: gold3.gif Size: 13 KB
  • #2,068
  • Jul 6, 2012 3:32pm Jul 6, 2012 3:32pm
Sound not logically but Looks 1.2475 very possible to me next week
Have no order with e/u so far but watching
Cya
  • #2,069
  • Jul 7, 2012 4:14am Jul 7, 2012 4:14am
...
Attached Image (click to enlarge)
Click to Enlarge Name: GU.GIF Size: 35 KB
"GIVE ME 3 POINTS IN SPACE IN TIME AND WATCH ME CREATE MAGIC."
  • #2,070
  • Jul 7, 2012 7:44am Jul 7, 2012 7:44am
may be buy? stop 1.218
http://s51.radikal.ru/i132/1207/0d/5bb6c302c5fb.png
  • #2,071
  • Edited 10:37am Jul 9, 2012 10:17am | Edited 10:37am
Since there was a bigger than normal dip on Friday from the 2380 region downwards, and there has not been any significant rebounds on the daily time frame, I am making the conclusion that we are either staying at the same level we are right now below 2310-2330 or going lower for the next couple of days. This conclusion is based on my previous timeline, where a expected turn around was to occur on July 9th, and instead on Friday we observed more down moves instead of consolidation at 2380.

Any new lows below 2254 today will continue going in the same direction till July 11th. On the flipside If we maintain rangebound motion between 2250 and 2350, then the compass will slowly shift towards going long by the end of the day, and 2254 will be a false break of the June 1st low of 2286, and will be the low of July 2012.

The above statement is also based on the weekly time frame, where 2 different levels for a possible turnaround are shown. We are at one of them, and unless we dont see lower lows for today it can be a point of turn around.

Hourly chart is giving 2 lines for a turnaround spot. Both lines are shown as dotted reds.

The lower time frames such as M5 is showing a strong bounce off the pole of the red circle towards the blue one. If the edge of the blue circle at 2340 is reached, then that is one indication of a shift that is starting to take shape towards a long bias.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: EURUSD_Weekly.jpg Size: 111 KB
Click to Enlarge Name: EURUSD_H1.jpg Size: 120 KB
Click to Enlarge Name: EURUSD_M5.jpg Size: 91 KB
  • #2,072
  • Jul 9, 2012 10:42am Jul 9, 2012 10:42am
I just discovered this thread and am happy I found something that looks like a radically different approach to all other systems I have studied.

I am also grateful to the founder of this thread who shows such a firm commitment.

All the best from the Swiss mountain tops!
  • #2,073
  • Jul 10, 2012 9:14am Jul 10, 2012 9:14am
Thanks, you are more than welcomed

Quoting dakuki
I just discovered this thread and am happy I found something that looks like a radically different approach to all other systems I have studied.

I am also grateful to the founder of this thread who shows such a firm commitment.

All the best from the Swiss mountain tops!
  • #2,074
  • Jul 10, 2012 9:17am Jul 10, 2012 9:17am
Because price action is not adhering to any strong rebounds and yesterdays 2340 region did not get breached, further down move is imminent until we get a strong enough rebound that can travel at least half the distance between the 2 blue lines in less time than it took for the last wave down to form.

Since circles are continuously expanding as motion goes downwards, the only good tool right now to gage the next level are fibonacci retracements that end up at the perimeter of a circle/trendline.

Using 2 fibonacci retracements and price extensions the region between 2208 and 2220 is one area of rebound, and after that is the 2165 zone.

Also notice that the nature of rebound, if any, that would happen today or tomorrow, will be very similar to the 2 areas shown on the daily chart. Notice that in both cases the false break travels to 114.6% fibonacci retracement of the last wave that holds the lowest point that motion had reached.

So right now the lows of 2200 will be more important than the 2160 region.
Attached Image(s) (click to enlarge)
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  • #2,075
  • Jul 10, 2012 11:26am Jul 10, 2012 11:26am
EUR beginning to encounter strong support at the solid black curve. The 2250 level is being monitored for any strong signs of a rebound. So far we have a slight rebound on the M1 time frames that is slowly building itself up, and making higher highs and higher lows.
Attached Image (click to enlarge)
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  • #2,076
  • Jul 11, 2012 8:44am Jul 11, 2012 8:44am
The lows of 2200 still remain as a viable spot and reasonable level to look forward to for a bounce.

Here is the details...
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  • #2,077
  • Jul 11, 2012 9:11am Jul 11, 2012 9:11am
Here is a new view into the upward movement...
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD_M5.jpg Size: 110 KB
  • #2,078
  • Jul 11, 2012 9:31am Jul 11, 2012 9:31am
Here is another view at the weekly chart...
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD_Weekly.jpg Size: 119 KB
  • #2,079
  • Jul 13, 2012 8:28am Jul 13, 2012 8:28am
Since the low of 2200 did not offer a strong response upwards, then the next support level on the weekly chart is around the 1800-1900 area. This is the last line of defense against the EUR dropping lower to 1.1000-1.1100 levels as indicated by the monthly chart. The EUR has gone past the possible limit of analysis on the daily chart and that is why Monthly and weekly data are given more priority than other time frames. For now sell on every high till we get a bounce that hits the red line in less time than it took to drop from the blue arrow to happen.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: EURUSD_Monthly.jpg Size: 132 KB
Click to Enlarge Name: EURUSD_Weekly.jpg Size: 129 KB
  • #2,080
  • Jul 13, 2012 8:58am Jul 13, 2012 8:58am
As soon at the previous post was made a 90 pip upward movement has occured from 2160.

Could this be the bounce that we were looking for?

Well,

On the lower time frames we are at the T1 line, which still could mean downtrend is in place.

If it breaks, then this assumption wont be true considering that there was almost no hesitation in price action moving between T1 and T2 in the past.

Also another sign of downtrend phasing down is if price action finds support inside the black circle and on the edge of the blue circle. For now keen observation need to be in place to look for these 2 signs.

Quoting Kambooj
Since the low of 2200 did not offer a strong response upwards, then the next support level on the weekly chart is around the 1800-1900 area. This is the last line of defense against the EUR dropping lower to 1.1000-1.1100 levels as indicated by the monthly chart. The EUR has gone past the possible limit of analysis on the daily chart and that is why Monthly and weekly data are given more priority than other time frames. For now sell on every high till we get a bounce that hits the red line in less time than it took to drop from the blue arrow to...
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD_M30.jpg Size: 130 KB
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