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Circular Trendlines

  • #2,261
  • Jan 7, 2013 9:56am Jan 7, 2013 9:56am
Quoting egkid
That's Almost what i said in previous post but for now waiting more drop to add Long
Already placed buy limit down there will tell when hit don't like rushing to tell now
Look to my circle in previous post
Happy weekend bro
BUY limit hit @1.30 and 1.3035
Plan goes nice so far
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  • #2,262
  • Jan 8, 2013 8:37am Jan 8, 2013 8:37am
EUR/USD Outlook

Rejection off the pole of the blue circle, which is within the vicinity of 3135 region has gone well for a sell scenario. There are 2 possible paths of motion that can be persued if the south pole of the black circle is going to break. The first one denoted by the T1 and T2 trendlines has a lighter slope of decend than the next path which is shown by the 2 blue straight lines with the red median line. Both of these paths give a upper limit of around 3104-3110 for the max move upwards. Our target remains the 1.618 price extension of the drop from 3300 to 3000 which is 2800 for now.

If The T1/T2 and the blue straight trendlines are not respected exactly the way they are laid out, then the other possible scenario will have resistance happening along the green curve shown with the ultimate outcome being a drop that falls to the 2800 level.

In anyhow since our timeline of February 25, that was mentioned in yesterdays post is still a long way to be reached, it would be expected that large retracement will happen before we reach our destination of 2400 or 2600.

For now Buy if the T2 trendline or the Red median line is touched and sell if motion approaches the vicinity of the green curve.
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  • #2,263
  • Jan 8, 2013 8:55am Jan 8, 2013 8:55am
Correction to yesterdays post in regards to moon cycles.

Quoting Kambooj
EUR/USD Outlook

After last week's rejection at 3300, I had to stay out for quite a bit of time to ponder more on what this pair is trying to do. So I had to go back to the drawing board and draw my timelines to see what is happening. ....

Just to clarify:

Current drop that has started from 3300 will last 2 full moons.

Vicinity of the Full Moons (+/- 1 day) will be a relative high where the RSI will give its most authentic signal for a sell

Vicinity of the NEW MOON (+/-1 day) will be a relative low where a buy will be most suited scenario
  • #2,264
  • Jan 9, 2013 9:15am Jan 9, 2013 9:15am
EUR/USD Outlook

further lows to 2950 are expected soon
Attached Image (click to enlarge)
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  • #2,265
  • Jan 10, 2013 1:18pm Jan 10, 2013 1:18pm
Quoting Kambooj
EUR/USD Outlook

further lows to 2950 are expected soon
Go back to the post "where gold interact with silver" And see my chart.
  • #2,266
  • Jan 11, 2013 12:19am Jan 11, 2013 12:19am
Quoting egkid
BUY limit hit @1.30 and 1.3035
Plan goes nice so far
==============================

Egkid, I have been watching your trading with great interest, but yesterday's move just simply "blew me out of the water"! Maybe you have inherited the "magic lamp"?

Success to you.
Hercs
  • #2,267
  • Jan 11, 2013 1:36am Jan 11, 2013 1:36am
Quoting egkid
Go back to the post "where gold interact with silver" And see my chart.
Hi, Egkid
I want to answer the question you put on your profile :-))

I just read it, and surprised

"It's a basic fact of life that many things 'everybody knows' turn out to be wrong."
law of natural 1.618 :-)
Do u know where 1.618 on earth :-)


http://www.goldennumber.net/golden-ratio-of-earth/




http://www.goldennumber.net/golden-ratio-of-earth/
Patience Pays
  • #2,268
  • Jan 11, 2013 10:17am Jan 11, 2013 10:17am
Quoting Hercs
==============================

Egkid, I have been watching your trading with great interest, but yesterday's move just simply "blew me out of the water"! Maybe you have inherited the "magic lamp"?

Success to you.
Thanks for compliment
I try to do my best but no one right all the time.

Wish you happy weekend bro
  • #2,269
  • Jan 11, 2013 10:19am Jan 11, 2013 10:19am
Quoting fdjauzak
Hi, Egkid
I want to answer the question you put on your profile :-))

I just read it, and surprised

"It's a basic fact of life that many things 'everybody knows' turn out to be wrong."
law of natural 1.618 :-)
Do u know where 1.618 on earth :-)
http://www.goldennumber.net/golden-ratio-of-earth/

First word in my holy book was "Read" So i try to do so :-)
  • #2,270
  • Jan 11, 2013 10:49am Jan 11, 2013 10:49am
Me too,
My take is that
at the moment we either have to reach 3600 very quickly before a retrace, or if a retrace starts before that, then it will have to go down as wild as it came up.

Just like Oct 27, 2011 / May 4 2011 /July 13 2008.

Very risky situation right now. Will wait to see what happens on Monday.

Quoting Hercs
==============================

Egkid, I have been watching your trading with great interest, but yesterday's move just simply "blew me out of the water"! Maybe you have inherited the "magic lamp"?

Success to you.
  • #2,271
  • Jan 11, 2013 10:54am Jan 11, 2013 10:54am
Quoting egkid
Go back to the post "where gold interact with silver" And see my chart.
Exceptionally good post brother,



If thats the case and momentum keeps building up, then 3600 should be a piece of cake, and 3800/4000 territory is the aim.

Everything is overbought at the moment, so Mondays open of the Asian session should be interesting.
  • #2,272
  • Edited 3:11am Jan 14, 2013 2:26am | Edited 3:11am
Quoting egkid
This is for you my friend
EgKid
Wish one of big banks or firms see this and if I'm wrong I Pay u and if I'm right Hire me But sometime only knowledge not enough but need LUCK
First Red line Hit [email protected]
14 - January -2013

Now I see Dark Cloud and maybe Raining
Let's C
  • #2,273
  • Jan 15, 2013 1:10pm Jan 15, 2013 1:10pm
my Circle
Look what happen next
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  • #2,274
  • Jan 17, 2013 4:41am Jan 17, 2013 4:41am
Quoting egkid
my Circle
Look what happen next
What i see
It's different than Most of traders view but this is what i read
Comment are welcome
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  • #2,275
  • Jan 17, 2013 4:57am Jan 17, 2013 4:57am
Quoting egkid
What i see
It's different than Most of traders view but this is what i read
Comment are welcome
Hi Egkid,

same here my friend. On 4h and daily the move down from the top can be counted as impulsive. The upmove now I have as a flat, now in impulsive wave C (up)
  • #2,276
  • Jan 17, 2013 5:05am Jan 17, 2013 5:05am
Quoting infinitus
Hi Egkid,

same here my friend. On 4h and daily the move down from the top can be counted as impulsive. The upmove now I have as a flat, now in impulsive wave C (up)
Good to know we have same view
Can u post your EW count for this move
  • #2,277
  • Jan 17, 2013 5:18am Jan 17, 2013 5:18am
Quoting egkid
Good to know we have same view
Can u post your EW count for this move
Hi Egkid,

unfortunately not - I am on my smartphone while skiing :-)
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  • #2,278
  • Jan 17, 2013 5:19am Jan 17, 2013 5:19am
Quoting infinitus
Hi Egkid,

unfortunately not - I am on my smartphone while skiing :-)
Oh My God
Where that amazing view?
  • #2,279
  • Jan 17, 2013 5:27am Jan 17, 2013 5:27am
Quoting egkid
Oh My God
Where that amazing view?
It is in the Italian Alps at the Monte Rosa Massive

We look down from Passo Salati into the valley of Gressoney. The mountain at the golden cross (LOL) of the picture (right site) is the Testa Grigia (3315m)
  • #2,280
  • Jan 17, 2013 8:53am Jan 17, 2013 8:53am
EUR/USD Outlook


The EUR has not done much since Thursday of last week aside from staying in the 3260-3400 Zone. After the powerfull surge of 400 pips from 3000 level, price action is barely maintaining itself above the 3320 level, with constant retests of 3320-3260, and not generating enough momentum to go DECISIVELY higher than 3400.
This behaviour is not consistent with a motion trying to break higher levels towards 3600. The minimum expectations would have been for price action to be within the 3450-3530 level by now.

The behaviour is reinforcing 2 resistance levels. The first one is the median straight line in blue, and the second one is the dotted black circle. After the 400 pip rise, it was expected that these levels would have been easily broken towards higher grounds.

The current behaviour is very consistent with the structure shown being a contracting wedge/triangle. These contracting wedges usually do a false break of the A-C trendline with barely trying to go above it, which is exactly what is happening now. A odd spike of some sort towards 3420 could happen followed by a strong reversal, or if we dont see above 3375 today we will go well below 3000 breaking the B-D trendline.
Attached Image (click to enlarge)
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