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Circular Trendlines

  • #2,481
  • May 23, 2013 3:41pm May 23, 2013 3:41pm
Quoting foloin
my point of view. two opportunities to sell {image} {image}
Still valid your short ? Do you also look at other pairs ? Like EUR/JPY ?
  • #2,482
  • May 24, 2013 7:49am May 24, 2013 7:49am
maybe some pips for bulls
in M1 its better to break of horizontal line
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: eurusdm15.png Size: 57 KB
  • #2,483
  • May 24, 2013 8:45am May 24, 2013 8:45am
Quoting fxmajsterek
{quote} Still valid your short ? Do you also look at other pairs ? Like EUR/JPY ?
Hello, fxmajsterek! Yesterday my second point for short finally became pullback, its not what I want to see, but better than nothing) I only look at eur/usd. About other pairs. I think that the best analyst of charts with circules is maestro Kambooj and his overview will be much better. for nowadays I am a learner like majority here! Good trades for you!
  • #2,484
  • May 24, 2013 9:02am May 24, 2013 9:02am
maybe its better to close long position
Attached Image (click to enlarge)
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  • #2,485
  • May 24, 2013 12:45pm May 24, 2013 12:45pm
Quoting foloin
maybe its better to close long position {image}
Good analysis
  • #2,486
  • May 28, 2013 8:50am May 28, 2013 8:50am
EUR/USD Outlook

After friday of last week up to now, price action has been oscillating in a 100 pip range between 2980 and 2880. This oscillation will end shortly with a upward surge towards 3000 and 3030 level. For now because price action has been hesitating to drop down from the grey region of the dotted black circle and showing support around the solid black median line it will continue to go up. This upward tendency is further amplified by the presence of a small red energy circle. So right now time has come to buy at the lows of 2900 for a good 80-100 pip move
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD_H1.jpg Size: 150 KB
  • #2,487
  • May 28, 2013 9:27am May 28, 2013 9:27am
EUR Update

Still a buy postion, even after the drop....
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD_M30.jpg Size: 106 KB
  • #2,488
  • May 29, 2013 8:27am May 29, 2013 8:27am
Yesterday's opportunity to buy within the 2850-2880 region turned out to be a good one today. The thrust upwards will eventually reach the 3030 region before starting to slow down. For now if you have missed yesterdays buy, need to stay aside for a while to see how far down the retracement will go. Currently the first buy position is around 2920, and if that is broken then the second buy position is around 2890, things will clear up more as we approach the 10:00-10:30 time frame. Will post charts around that time
  • #2,489
  • May 29, 2013 8:48am May 29, 2013 8:48am
Trying this out.
I placed these circles on about 8 hours ago. It's pretty uncanny how price follows the lines.
Attached Image (click to enlarge)
Click to Enlarge Name: eu.gif Size: 24 KB
Could it be Man is trying to be something without knowing they're complete?
  • #2,490
  • May 29, 2013 10:10am May 29, 2013 10:10am
EUR Update

Here is a update on the situation, with price action respecting the 2920-2930 region, and another 100 pips to go
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD_H1.jpg Size: 123 KB
  • #2,491
  • May 29, 2013 10:15am May 29, 2013 10:15am
Your bigger circle gives room for price action to move up to 3180 region, which is close to the 38.2 fib level of the entire drop from 3700, the actual level is 3115. This is the vicinity of the grey zone of your bigger circle
Your smaller circle will be overwhelmed, because there is no 5 wave division on the impulse wave from 2850 yet

Quoting Numb3rs
Trying this out. I placed these circles on about 8 hours ago. It's pretty uncanny how price follows the lines. {image}
  • #2,492
  • May 29, 2013 11:06am May 29, 2013 11:06am
Quoting Kambooj
Your bigger circle gives room for price action to move up to 3180 region, which is close to the 38.2 fib level of the entire drop from 3700, the actual level is 3115. This is the vicinity of the grey zone of your bigger circleYour smaller circle will be overwhelmed, because there is no 5 wave division on the impulse wave from 2850 yet {quote}
Thank you for the observations you see on my chart. I see what you are talking about. It will be interesting to see how this move takes place.
Attached Image (click to enlarge)
Click to Enlarge Name: eu2.gif Size: 52 KB
Could it be Man is trying to be something without knowing they're complete?
  • #2,493
  • May 29, 2013 1:03pm May 29, 2013 1:03pm
HERE is some additional comments

Quoting Numb3rs
{quote}Thank you for the observations you see on my chart. I see what you are talking about. It will be interesting to see how this move takes place. {image}
Attached Image (click to enlarge)
Click to Enlarge Name: eu2.gif Size: 32 KB
  • #2,494
  • May 29, 2013 5:16pm May 29, 2013 5:16pm
Quoting Kambooj
HERE is some additional comments {quote} {image}
Could it be Man is trying to be something without knowing they're complete?
  • #2,495
  • May 30, 2013 12:19pm May 30, 2013 12:19pm
Pretty cool how it squeezed in between, banged around quite a bit then it popped out.
Attached Image
Could it be Man is trying to be something without knowing they're complete?
  • #2,496
  • May 31, 2013 9:07am May 31, 2013 9:07am
EUR/USD Outlook,


The daily RSI is showing that the upward motion is still far from being done. Probably around the solid black line, which is roughly around the 70 mark, we should start to consider short positions. Right now from the circles drawn on the H4 chart, the upward motion has had a good size bounce from the base of the blue circle at 2850. We are looking to a region close to the center of the solid blue circle for price action to aim for. After this high is achieved, we most probably going below 2700. But for now its still upwards. The oscillation will continue between the 23.6 and 38.2 fib levels show. That means buy at the 2960-2970 zone and sell at 3050 level. The drop from 3050 will not come to the base of the blue circle yet, but its aim is to break the black straight trendline and get inside the green circle.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: EURUSD_Daily_RSI.jpg Size: 149 KB
Click to Enlarge Name: EURUSD_H4.jpg Size: 158 KB
  • #2,497
  • May 31, 2013 9:14am May 31, 2013 9:14am
Your bigger circle is more a support area now, and its probably the circle where we will have some good buys around the inside perimeter of it. Your smaller circle could have been an "Energy Circle" but once the thrust has gone beyond the half way mark, it invalidates that assumption.


Quoting Numb3rs
Pretty cool how it squeezed in between, banged around quite a bit then it popped out. {image}
  • #2,498
  • May 31, 2013 9:35am May 31, 2013 9:35am
Quoting Kambooj
EUR/USD Outlook, The daily RSI is showing that the upward motion is still far from being done. Probably around the solid black line, which is roughly around the 70 mark, we should start to consider short positions. Right now from the circles drawn on the H4 chart, the upward motion has had a good size bounce from the base of the blue circle at 2850. We are looking to a region close to the center of the solid blue circle for price action to aim for. After this high is achieved, we most probably going below 2700. But for now its still upwards. The...
bro i am thinking the same now. i see 3090 as a target from now
looking for investors . pm me
  • #2,499
  • Jun 3, 2013 9:12am Jun 3, 2013 9:12am
EUR/USD Outlook

Because there has not been a significant bounce downwards from the solid black trendline (T1) downwards, from a behaviour perspective a momentum is being built up to break through the T1 line. The 2 circles, Circle#1 and Circle#2 have been strong support and resistance levels, with price action bouncing between them. Once T1 gets broken, we will experience a surge towards 3200 as our next target.
Attached Image (click to enlarge)
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  • #2,500
  • Jun 3, 2013 9:33am Jun 3, 2013 9:33am
If the surge upwards this morning to 3030 does not sustain itself above 3050, then we are going one more time down to 2950 - 2980 level to make another attempt at breaking 3050 level.

Expect 78.6 to 90% retracement in the summer months.

Your money never gets lost in the summer months, because the range bound bounces continue to happen within a 300-400 pips zone, and not until end of august we are going to see any type of a major move.

If you go with small lot sizes and plenty of stoploss, what you missed by a 100 pips today will be a profitable trade 10-20 days down the road


Quoting kbmoonshinex
{quote} bro i am thinking the same now. i see 3090 as a target from now
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