Circular Trendlines | Page 120 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Circular Trend-Waves 414 replies

How do I change the color of trendlines? 2 replies

Too many drawn Trendlines all same look: how to draw Trendlines with different look? 2 replies

Recommend an ebook on trendlines.... 10 replies

Short trendlines 7 replies

Attachments: Circular Trendlines
Exit Attachments

Circular Trendlines

  • #2,381
  • Feb 27, 2013 3:30am Feb 27, 2013 3:30am
Quoting kbmoonshinex
last support for up trend i have this one.
Direction one of the element u need to win but don't forget MM and good entry
I target 3170 as scalping big plan i need to b patience and more clear view
let's c
  • #2,382
  • Feb 28, 2013 7:11am Feb 28, 2013 7:11am
Quoting cspip
Going back to this chart from two weeks ago http://www.forexfactory.com/showthre...65#post6446865 EurUsd has broken through both rising trendlines and bounced of smaller brown circle. It may come down again before going up to test the major green rising trendline (small mangenta arrows) and / or carry on down the pitchfork, all the while getting squeezed by the brown and green circles to form a downward cresent.

I think it may go down as far as 1.2600...
Most likely EURUSD will rise to about 1.3225 level today and tomorrow and then early next week a quick move down to 1.3000
  • #2,383
  • Feb 28, 2013 7:24pm Feb 28, 2013 7:24pm
Quoting egkid
Hi
Not so great week but i thought to update my view
My long positions from 268x , 1.2750 , 1.28xx ............ACT all closed with small profit
I studying the current situation and prepare new Plan

Trend looks change it before hit my TP@3950
Any way will update my new Plan later
Trade safe
Im not shorting E/U until 1.43.... PERIOD.... I have seen E/U trap shorts this way too many times..... Ive gone long a few times over the past couple weeks to only be stopped out at BE..... So, Ill enter then put on my BE stops and ride her till 1.43 or just wait till 1.43..... FWIW
  • #2,384
  • Mar 1, 2013 8:59am Mar 1, 2013 8:59am
EUR/USD Outlook

Sorry folks that I have not been on the thread for couple of days, since the direction of the market really depended on whats gonna happen with NFP today and some personal issues that I had to attend to, but back today and it looks like the impulse wave that had started from 3430 on February 19th still has a lot of momentum and desire to go further down.

3000 level has gotten broken, and despite the strong bounces that we have had between February 16 2012 and April 16 2012 we are not at a decent trendline level that shows something of this nature is going to happen. The center of the blue circle can literally cause a faster drop to happen, if a reaction in the upward direction does not happen as fast as possible.

Because in situations like these where trendline after trendline gets broken, its hard to just gage reactions by trendline, and the Fib levels are a better target. Currently the 38.2 level of the entire rise from 2030 , namely the 3080 zone has been broken. The next levels are the 50% retracement (2883) and the 61.8% level (2686).

Today the direction has been clarified going down with very little chance of retracement to come back to 3100.

Although the RSI on the daily chart shows strong oversold characteristic, but this level must also match a good size buy zone. The best buy zone right now is 2883.

Because this is a strong impulse wave, counter trending is not suggested since strong slides downward can occur without much problem, and then you will be looking for another 3 months for price to come back again to 3000.

2 strategies right now, first one is the best in my opinion:

1. Wait till 2883 and then go long
2. If at 3000 you get a bounce to 3100, then go long at the retracement of this bounce that will hit the T1 trendline.
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD_H8.jpg Size: 245 KB
  • #2,385
  • Mar 1, 2013 9:11am Mar 1, 2013 9:11am
Wow, 4300
You seriously think its gonna go that far.

I cant see it now, and was expecting 2500/2600 for a long time. A 78.6 or a 88.6 Retracement of this whole rise from 2030 level is the most it could happen right now.

Have been shorting EUR on every new high since January 21 after the break of 3400, with some occasional buys with very tight stoploss. My buys were ok, but my sells did phenomenon after 3.5 weeks.

The only time I was in serious doubt as to put a sell was when it went from 3300 to 3430 around Feb 19th, but once it started drop, then I sold and sold on every new break of support.

Right now I am all out with no orders in the market, waiting for 2 days until the Third Quarter of the moon comes at Sunday. Want to see what the market will do On Monday, and most probably will enter for a trade on Tuesday.

From 3430 there are 5 waves done, we will have to see what happens. At the end of the 5th wave an action / reaction could occur if the impulse is finished, but need to wait.


Quoting needpips
Im not shorting E/U until 1.43.... PERIOD.... I have seen E/U trap shorts this way too many times..... Ive gone long a few times over the past couple weeks to only be stopped out at BE..... So, Ill enter then put on my BE stops and ride her till 1.43 or just wait till 1.43..... FWIW
  • #2,386
  • Mar 1, 2013 9:13am Mar 1, 2013 9:13am
My friend How far down to you see now?
Many times you have very good judgement


Quoting egkid
Direction one of the element u need to win but don't forget MM and good entry
I target 3170 as scalping big plan i need to b patience and more clear view
let's c
  • #2,387
  • Mar 5, 2013 9:43am Mar 5, 2013 9:43am
EUR/USD Outlook

The pair is stuck at a important support level that has taken it a long time since Nov 12 2012 to get there. This support level is at the weak point of circle#1, which means that if we dont have a solid bounce from it upwards towards 3120, the chances of it getting broken will be very high. In such a event we will go as low as 2750 before a bounce upwards, and the outer perimeter of circle#1 will be used as resistance spot.
For now we have some room to play with until 3120 where the border of the dotted black circle happens to be. Go long if price goes above 3050, otherwise use this opportunity to sell.
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD_H4.jpg Size: 145 KB
  • #2,388
  • Mar 5, 2013 12:50pm Mar 5, 2013 12:50pm
EUR Update

After todays inability of price action to sustain itself above 3050, the ratios of the drop from 3320 suggest another 120 dip coming soon.
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD_M30.jpg Size: 117 KB
  • #2,389
  • Mar 6, 2013 9:21am Mar 6, 2013 9:21am
EUR/USD outlook

Possible break upwards can occur anytime. The 2956 level might not materialize if the last drop from 3076 will only be about 0.382 of the size of the drop from 3163 ie:

3163-2968=195
195*.382=75
3076-75=3001

So we could be very close to a turn around at the lows of 3000. Given H4 RSI and H8 RSI are at a all time low.
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD_M30.jpg Size: 108 KB
  • #2,390
  • Mar 6, 2013 6:48pm Mar 6, 2013 6:48pm
Quoting Kambooj
EUR/USD outlook

Possible break upwards can occur anytime. The 2956 level might not materialize if the last drop from 3076 will only be about 0.382 of the size of the drop from 3163 ie:

3163-2968=195
195*.382=75
3076-75=3001

So we could be very close to a turn around at the lows of 3000. Given H4 RSI and H8 RSI are at a all time low.
What about going down to violet Demand zone..
http://primuspersada.com/images/lanjut.png
Patience Pays
  • #2,391
  • Mar 7, 2013 12:52am Mar 7, 2013 12:52am
Quoting Kambooj
My friend How far down to you see now?
Many times you have very good judgement
all the move from 3710 i suppose it will stop @1.33 but breaking it open the way to 1.29 - 1.2860
i was waiting 3950 but
  • #2,392
  • Mar 7, 2013 11:38am Mar 7, 2013 11:38am
After todays spike upwards towards 3116, I am a bit hesitant to go that far.

After all it satisfied the ratios that I posted originally:
http://www.forexfactory.com/showthre...73#post6492473

So it could be a triangular breakout, which if it is then I will agree with EGKID that 3300 is possible, and maybe more. If signs of hesitation popup at 3120 where the dotted circle happens to be:

http://www.forexfactory.com/showthre...73#post6491973

then we are in for a big dip.

The triangle scenario is a highly trecherous environment and the only prove for it would be continuation of the impulse wave towards 3300, and it has to be very fast. If its not fast, then we didnt have a triangle to begin with, and then another series of dip will occur which will further make what you are proposing much valid.

But for now my eyes is at the dotted black circle that I drew in a previous post:
http://www.forexfactory.com/showthre...73#post6491973

Wont be posting until its a bit clear what PA is going to do.

Quoting fdjauzak
What about going down to violet Demand zone..
http://primuspersada.com/images/lanjut.png
  • #2,393
  • Mar 7, 2013 11:40am Mar 7, 2013 11:40am
Thanks for your input, the 3300 could be possible if we have a triangle breakout, and thats a minimum. I dont know about further up. So far we will be bullish for another 24 hour at least.

Quoting egkid
all the move from 3710 i suppose it will stop @1.33 but breaking it open the way to 1.29 - 1.2860
i was waiting 3950 but
  • #2,394
  • Mar 10, 2013 1:31am Mar 10, 2013 1:31am
I think , Up And down, down for monday .

http://primuspersada.com/images/simpleline.png
Patience Pays
  • #2,395
  • Mar 11, 2013 8:14am Mar 11, 2013 8:14am
EUR/USD Outlook

Good Opportunity to Go Long at 3000. Interim target is 3070
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD_H1.jpg Size: 128 KB
  • #2,396
  • Mar 11, 2013 8:28am Mar 11, 2013 8:28am
eurusd . looks support holding nice
Attached Image (click to enlarge)
Click to Enlarge Name: eurusddaily.png Size: 48 KB
looking for investors . pm me
  • #2,397
  • Mar 11, 2013 8:42am Mar 11, 2013 8:42am
Beautiful Diagram, Never learned Ichimoko, but neat to see we kind of get the same conclusion.
Quoting kbmoonshinex
eurusd . looks support holding nice
  • #2,398
  • Mar 12, 2013 8:12am Mar 12, 2013 8:12am
Quoting Kambooj
Beautiful Diagram, Never learned Ichimoko, but neat to see we kind of get the same conclusion.
thanks bro.

i like your analyzes very much
looking for investors . pm me
  • #2,399
  • Mar 13, 2013 7:52am Mar 13, 2013 7:52am
EUR/USD Outlook

Expect a strong thrust upwards towards the T1 trendline. The lower black circle will continue to hold motion back and repel it upwards. The drop from 3060 to 2970 is very close to the pole of the black circle. A second attempt will be made towards 3150 soon, that will have support at the inner perimeter of the blue circle.

Buy at 2950-2970 region
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD_H1.jpg Size: 75 KB
  • #2,400
  • Mar 14, 2013 11:57am Mar 14, 2013 11:57am
Still holding on a Long stance on this pair, despite the drop below 2950 to 2910, the thrust upwards today will take us to 3150 level. The one thing that I missed on my last forecast was that before every turnaround you usually see a spike happening. In this case we had a spike down to 2930 and I forgot to account for that.

I would be off this thread till Monday next week.

Quoting Kambooj
EUR/USD Outlook

Expect a strong thrust upwards towards the T1 trendline. The lower black circle will continue to hold motion back and repel it upwards. The drop from 3060 to 2970 is very close to the pole of the black circle. A second attempt will be made towards 3150 soon, that will have support at the inner perimeter of the blue circle.

Buy at 2950-2970 region
4 traders viewing now