Circular Trend-Waves

My warm thread , I just woke up and saw that EURAUD long orders were stopped and my pending SELL STOP was activated. Apart from that pair GBPJPY moved towards the thrid pending short order at 171,87 and didnt activate it :S Its really annoying if I will miss that opportunity with this 1 pip distance ! Anyway , I have 0,41 LOT active orders , I will not add any more until I get first positive results. Now , time for waiting !

Regards...

As stated above I am expecting the price to reach 1,618 weekly circular target . By the datas released today the pair (EURUSD) has decided about its direction to the north. In my perspective it was just meant to happen in that way , and the fundamental datas just obeyed the route set for them.

http://img35.imageshack.us/img35/4896/th7y.png

By the breakout of the neckline , the price targets 1,4035s which is almost the same with my circular target , and at the same time it is the top line of the equidistant channel. There is not much time left for the price to reach its target , only 31 hours until the weekly close...

Time will show everything ... Or lets say like Gann : "Time turns trend..."

The anathomy of the bullish trend ....

http://img401.imageshack.us/img401/1709/1tu0.png

http://img41.imageshack.us/img41/5716/un05.png

http://img542.imageshack.us/img542/5336/i7zl.png

http://img706.imageshack.us/img706/8418/3i3i.png

http://img401.imageshack.us/img401/9094/qwru.png

http://img829.imageshack.us/img829/269/azea.png

EURUSD ... The price almost completed its task and almost reached 1,618 circular target. Didnt touch yet !!! But considering the flexibility in the circular targets 3953 was a nice realization level for my profits. On the other side weekly circular target is almost reacheds too. I do not expect explosive trends after this moment.. Price shud float to the circular target slowly and build up a structure of reversal and retrace...Anyway here are the charts , weekly and daily ...

Recently I do not have much time to post things on the forum . Most of the time I help my brother who is just strating a new business , and me ,as a brother shud help him. On the other side My expectations of 1,618 circular target on EURUSD seems to be reached and I am on the short side since those resistence levels. And having deep levels of target in long term , 120 pips or the miltipliers of 129 pips will be my target. And I will look for other chnces at differenet action-reaction levels... Sounds to be complex , doesnt it?

Here is the daily chart where the 1,618 circular traget was almost reached and made me decide that bears are back :

http://img822.imageshack.us/img822/2516/fx0f.png

And here is the weekly chart where the price has almost reached the target circular resistence. the delay of the energy point with two weeks has caused a failure in the bullish trend and 3950ish levels were the top.

http://img62.imageshack.us/img62/4060/rf0n.png

XAUUSD ... The price was rejected by the circular resistence just like I expected it to ... So for now what I need to do is to wait for the price to settle on the circular support for a second bounce. Isnt t great ?

http://img703.imageshack.us/img703/9710/yi1e.png

http://img842.imageshack.us/img842/5292/tjlv.png

EURUSD ... No words needed ... the picture is worth thousands of words . The market is doing what it is supposed to be doing : going down to the circular support in order to fulfill its role !!!

I love this quotation from Shakespeare so much :

All the world's a stage,
And all the men and women merely players;
They have their exits and their entrances,
And one man in his time plays many parts...

http://img703.imageshack.us/img703/1791/pdhh.png

EURUSD ... The weekly chart informs us about a serious downtrend to the next bear target. The breakout which is marked with a black circle in the screenshot shows that the bears are not that innocent this time and they will be heading really strong to the south. God bless bulls !

Such a scenario will change most of the balance in the market and carry USDCHF to higher levels. The similar messages and 3610 target of the daily circular structure confirms the weekly bearish trend prediction. I will set up all of my scenarios in accordance to bearish assumptions for a while.

http://img46.imageshack.us/img46/2885/3j7e.png

EURUSD ... Here is my recent scenario and circular perspective to the pair. Today the price reached its target and encountered the bulls which were hiding in the bushes at the circular support. And this bullish attack will carry us to the upper circular resistence. In case the resistence reached today , the price will end the day at around 3840s (this sounds to be impossible) . I will decrease the target day by day because of the circular structure of the target. So now I am bullish for a while , and on the long term my target is still 3610s (like 10-20th of April) ....

http://img541.imageshack.us/img541/2680/6onf.png

The weekly performance was good enough to compensate the losses in the previous weeks. But on the other side I still have the sadness that i took only half of the bearish trend in EURAUD . In case ı waited a little more , then my whole account wud be almost doubled. Anyway I expect a few days of consolidation in EURUSD in the following week and a stron rally in JPY pairs. Time will show everything ...

Here is the weekly position among forexfactory trade explorers

http://img824.imageshack.us/img824/1769/imhl.png

The week is finished for me. I realized both GBPJPY and EURUSD and also USDCHF profits with acceptable amounts. What I admire is the circular authority in EURUSD which keeps it within the limits in a strict form...The pwice again was rejected from the circular resistence between 3820-3840s and the downtrend ended with a touch on the circular support around 3690-3670 zone . ın fact ı was not expecting the rpice to sink down so fast , this fast movement changed my plans. and now I am again on the bulls' side for a counter attack up to 3800s . Then ı will again be making preperations for the journey down to 3610-3590 zone.

http://img513.imageshack.us/img513/7332/t734.png

EURUSD ... I wanna start this post by saying one of the GANN's most popular saying : Time turns trend...

It is the philosophical side of the market whether it is two or three dimensional. first two timensions are time and price itself and the third one (still i am not sure about how to name it) is the momentum of time usage. Yes , trends are limited within times , and the excitement and the fear in the market shapes the momentum of time usage . Anyway , nowadays we are face to face three day limited trends , and today EURUSD is supposed to reach its three day swing end. My target was around 3780s and i realized my BUY order at 3760 and started to build shorts. I will keep building shorts at upper levels till 3820. In case 3820s are passed then the colour of the situation will change and i will staart to read some symptoms of the bullish attacks. I am really not sre if wat i write here are understandable by the readres (in case they exist) ; in other words i think we have reached the top of the inner bullish structure through the journey down to 3610-3590 zone. So now it is the best time to search bearish opportunities targeting 3610-3590 zone. God bless us !

http://img819.imageshack.us/img819/2434/c3ks.png

EURUSD .... My prediction for these days were totally failure. My Plan B is about to be activated around 3880s. Until that time I will be on the short side , and I do not think that 3880 is untouchable The price really is deceisive nowadays , wat we see might be the first step of a long term bullish trend. But interestingly we are again at strong potential reversal zones. one of them is the weekly chart where the price was rejected from 1,618 circle , and now climbing back up to 1,618 again. Are the bulls determined to penetrate the weekly 1,618 ? the snwer of this question is a mystery to me , but possible too. especially long term bearish expectations of USDCHF supports this scenario...Anyway , here is the chart :

http://img541.imageshack.us/img541/7627/qr6c.png

On the other side when we zoom into the smaller timeframe (daily chart) it is easy to see how wild bulls are ; penetrating each resistence one-by-one with a strong momentum. And again the zone where we are at the moemnt is a total battle zone where the price has the potential to encounter strong bears. The penetration of this final circle will have the totally same effect of breaking out weekly high 3966 (twin towers are marked with black little circles on the chart) . In case the this circle is broken then we will witness really strong bulls in the following weeks.

http://img809.imageshack.us/img809/5063/pbc9.png

EURUSD ... I am again in the kitchen , drinking tea . I hope I will not turn this thread into a cooking thread with receipes etc But here I feel good enough to study the charts. EURUSD has been moving in a weird way recently (in my perspective) . The weekly chart as i showed above was clear about the scenario , the 1,618 golden ratio circle which i drew months ago acted well and showed resistence to the price/social psychology. Most probably the price will turn its head downwards and sink down. Here is the picture which I am talking about. Its very interesting that 1,618 acted really well...isnt it?

http://img843.imageshack.us/img843/5558/ct3c.png

The price two times tried to penetrate the circular resistence line which i drew with thick magenta. And both of the attempts were rejected and some power told the price "No you are not allowed to go up!!!"

The confusing picture is on the daily chart which doesnt give a clear direction , but includes details which give us clues about the social respond. The violation of the 3966 based circular resistence made everything complex and difficult to read. The breakout of that resistence meant bulls were back , but at the same time i was staring at the 1,618 circle on the weekly chart (which is shown above) . And interestingly on monday open we encountered a gap which is a very important thing in median line theory of Dr. Andrews . According to him the price was not alllowed to pass through median lines in a comfortable way. They needed eaither high volume bars or gaps to be filled in the future. And this gap on the chart was exactly happening over the circular resistence zone which was supposed to act as a wall but didnt. So what??? The good thing here is the price confirmed once more the validity of my circles (so i do not need to think "maybe i drew them wrong") and i can still go on following them and using the same scale. As a summary , the volation of the circular resistence was just a decisive action and the gap gave great clues to us that the price will sink down.

http://img843.imageshack.us/img843/6277/je6h.png

As a summary :

 

1. The 1,618 circular resistence on the weekly chart told the bulls to stop at 3966 and now bulls are hearing the same command as a result of their second attempt to break the same level. In case of a breakout of the 1,618 level we can talk about a bull journey up to 2,618 circular resistence and 1,57s in the following years (I have the explanation of this 1,57 in the previous posts)
2. The behaviour of the price on the daily chart was decisive , violated the resistence and monday open with a gap was a kind of saying "oooops , i did it again and lied" ... So bearish scenarios are stronger on the daily chart too.
3. I will be trusting bears more than the bulls after this moment ...

Regards ...

Good morning , the less activity in the market , the less activity I have here

Its normal for the price to consolidate and reflect unclarity before being rejected by 1,618 circular resistences. That is why EURUSD is now in a battle zone for the last two weeks , honestltly bulls are fighting for nothing , 1,618 circular resistence is the thick and strong wall made by the nature. Just like I told above I am expecting a bearish trend which has the potential to carry us back to 1,20s.

Anyway , the purpose of this post is : XAUUSD. The price has been moving so obedient to the circles , and finally has landed on the bounce zone where we can spend maybe one more week and then the bounce is supposd to start. Ofcourse we must always have plan B in case the circular support will be broken. God bless us and I hope it will be a fast trend so I will not have to wait for ages to reach the target. By the way the target is the circular resistence which rejected the price 5 weeks ago. Lets see wat will happen

http://img836.imageshack.us/img836/7995/mu0c.png

http://img841.imageshack.us/img841/821/4uge.png

And now :

http://img835.imageshack.us/img835/416/ywnl.png

XAUUSD .... It cannot be coincidence that the price again respected the circular support ... and already formed a weekly pinbar. The next target shud be the circular resistence. God bless us !!!!

http://img842.imageshack.us/img842/725/3oyo.png

http://i61.tinypic.com/e6zkvs.jpg
http://i61.tinypic.com/wgycdy.jpg

still going as expected
well ...
see u soon at 1.3960

http://i61.tinypic.com/2mplfgj.jpg

Wuuu ... I just had the chance to answer... thanks for your participation. Well , due to the weekly chart and the 1,618 obstacle in the weekly chart I was expecting a strong bearish trend. But unexpectedly this week's candle was on the other side of the 1,618 resistence which was a shock to me This activates my long term bullish scenarios whereas I cannot achieve to kill my doubts. I hope we will soon be at 3960 as you say , then i will realize my profit and start to look for a good reference to join the upcoming trend. Nowadays I am mostly focused on JPY pairs which are gonna kill me with their stupid behaviours. I hope you have charts for JPY pairs too. I will be glad to hear ur opinions...

Here is the weekly chart which I was talking about :

http://img835.imageshack.us/img835/4048/pmcz.png

hi my freind

see what happened today

price drop down to 3810
then back up to where it started

alot might find that abnormal
but
circular trends can till the truth !!

price droped down to 3810 to touch the 0.618 ratio of the current cycle
in order to ensure the center C of the ascending trend at 3960

so the price still targeting 3960 or even more

in addition

price forming hammer candle on daily chart
so

increasing the chance of positivity for reacing 3960

thanks

http://i61.tinypic.com/25gxchh.jpg