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Circular Trendlines

  • #2,721
  • Jul 10, 2014 9:14am Jul 10, 2014 9:14am
Quoting Kambooj
EUR/USD Outlook Here is the view, with recommendation to stop going long or short and wait till the end of the week to see what happens {image}
Hi Kambooj!

Really interesting concept here. Drawing circles seems to give a good feel of the market direction.

Here is how I drew it. Looks to me like a possible short. It's my first attempt though.. hehe
See the small circle, maybe the price will get to the lower pole of it, and that would break the bigger circle and pull the price down?

(I drew it without looking at yours)
Attached Image (click to enlarge)
Click to Enlarge Name: screen1.png Size: 43 KB
Focus, Patience, Determination & Order in chaos
  • #2,722
  • Jul 15, 2014 9:29am Jul 15, 2014 9:29am
EUR/USD Outlook

A break of 3500 is in the works in the weeks to come, solid break would most probably happen towards the end of the month or beginning of August. For now short on every high until 3400 is reached.
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD_Weekly_RSI.jpg Size: 164 KB
  • #2,723
  • Jul 15, 2014 9:30am Jul 15, 2014 9:30am
Quoting saver0
{quote} Hi Kambooj! Really interesting concept here. Drawing circles seems to give a good feel of the market direction. Here is how I drew it. Looks to me like a possible short. It's my first attempt though.. hehe See the small circle, maybe the price will get to the lower pole of it, and that would break the bigger circle and pull the price down? (I drew it without looking at yours) {image}
Yes, it would, but the bigger circle will offer a bigger support, however the chances of a false break of around 5-10% of the diameter of the circle is possible. Sometimes that happens which makes you think the trend is gonna progress more, only to bounce back up.
  • #2,724
  • Jul 15, 2014 10:59am Jul 15, 2014 10:59am
Quoting Kambooj
{quote} Yes, it would, but the bigger circle will offer a bigger support, however the chances of a false break of around 5-10% of the diameter of the circle is possible. Sometimes that happens which makes you think the trend is gonna progress more, only to bounce back up.
Understood, thank you! I like this circular analysis
Focus, Patience, Determination & Order in chaos
  • #2,725
  • Jul 16, 2014 8:39am Jul 16, 2014 8:39am
EUR/USD Forecast

As I have mentioned on july 10th in the following post:

http://www.forexfactory.com/showthre...05#post7596305

We could be in a triangular zone for a while before the final surge towards 3350-3400 zone is decisive enough to go there, and this could be happening close to the end of the month, so right now any approaches close to 3500 does not mean that it will necessary go further down.
So at 3500 a long position could be profitable, but since the triangle is not confirmed its best to wait to see the reaction at 3500 and look for better opportunity to short at 3650-3670 again, just dont short it now, its too late and risky, thats all I wanted to get across today.
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD_H8.jpg Size: 156 KB
  • #2,726
  • Jul 16, 2014 10:55am Jul 16, 2014 10:55am
EUR Update

More emphasis on caution around 3500.

Major fibonacci overlap zone at around 3500 on daily chart.

Will take some time and effort before this level gets broken decisively.
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD_Daily.jpg Size: 157 KB
  • #2,727
  • Jul 16, 2014 10:57am Jul 16, 2014 10:57am
Quoting Kambooj
EUR Update More emphasis on caution around 3500. Major fibonacci overlap zone at around 3500 on daily chart. Will take some time and effort before this level gets broken decisively. {image}
Completely agree with you there. Good for doing some range trading
Focus, Patience, Determination & Order in chaos
  • #2,728
  • Jul 22, 2014 8:18am Jul 22, 2014 8:18am
EUR/USD Forecast

After a series of tests of 3500 level, this level broke sooner than expected.

We will be heading for a lower low around 3378-3413 zone, creating a perimeter to perimeter move of the blue circle. The break of the the T1 trendline is required before any decision is made to go long.

Since we dont have a strong rebound on the daily chart off the 3460 low that was hit earlier this morning and the weekly RSI is still not at a favorable turning point, short position can be tried out anywhere in the vicinity of 3520-3530. If 3460 is reached again, chances of going up to that level are very slim.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: EURUSD_H8.jpg Size: 159 KB
Click to Enlarge Name: EURUSD_H4.jpg Size: 142 KB
Click to Enlarge Name: EURUSD_Weekly_RSI.jpg Size: 161 KB
  • #2,729
  • Aug 5, 2014 9:45am Aug 5, 2014 9:45am
EUR/USD Outlook

Good Buy Opportunity is arising anywhere in between 3350-3400, target is the lows of 3700
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD_Daily.jpg Size: 166 KB
  • #2,730
  • Aug 6, 2014 7:33am Aug 6, 2014 7:33am
EUR/USD Outlook

Buy is still in effect at 3340-3350 level. RSI(13) on the weekly chart is ready for a reversal.
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD_Weekly_RSI.jpg Size: 149 KB
  • #2,731
  • Aug 6, 2014 10:01am Aug 6, 2014 10:01am
is there an indicator to draw the circular trend lines?

Regards
  • #2,732
  • Aug 7, 2014 9:29am Aug 7, 2014 9:29am
EUR/USD Outlook

Still the lows of 3300 is a good place to do a buy.
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD_Daily_RSI.jpg Size: 173 KB
  • #2,733
  • Aug 7, 2014 9:30am Aug 7, 2014 9:30am
Quoting zalbu
is there an indicator to draw the circular trend lines? Regards
No there isnt, all drawing are done by the fibonacci circle tool as I have explained how to configure it on the first page of this thread.
  • #2,734
  • Aug 8, 2014 10:54am Aug 8, 2014 10:54am
EUR/USD Outlook

Upward movement is on its way, first target is 3500 and will be broken will very small resistance. Major resistance will be felt at the highs of 3800.

Here is the view:
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD_Daily.jpg Size: 165 KB
  • #2,735
  • Aug 14, 2014 9:01am Aug 14, 2014 9:01am
EUR/USD Outlook

Exit all long positions at anywhere in between 3400-3450.

The prime reason being is that what looks like a movement along the blue circle, could actually be a 4th wave being made on the impulse wave that has started from 3700.

The other reason being is that if the bounce from the low of 3330 was authentic, we should have broken the T1 trendline and should have been hovering at the pole of circle#1. This is not happening and chances are increasing that another series of surges start going south towards 3100 or even touch 3000.

For now its best to be safe than sorry, so exit all long positions.
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD_Daily.jpg Size: 163 KB
  • #2,736
  • Aug 18, 2014 1:15pm Aug 18, 2014 1:15pm
EUR/USD Outlook
This pair is missing a spike down before it can go any higher.

Given the time since the last notice with no activity downwards, the danger of a downfall still remains at large, but since the rangebound volume is growing in time there is less of a chance that it will continue much further beyond 3300.

Watch for this pair as it gets closer to 3300 for a buy opportunity.

As long as we remain within the 3430-3340 territory, there is more risk of going in either direction, which creates a very unstable trading environment.
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD_H1.jpg Size: 127 KB
  • #2,737
  • Aug 19, 2014 9:13am Aug 19, 2014 9:13am
EUR/USD Outlook

Good Buy Opportunity at the lows of 3300.

Here are the details...
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD_H4.jpg Size: 160 KB
  • #2,738
  • Edited 3:40pm Sep 1, 2014 3:28pm | Edited 3:40pm
Awaiting to see how price reacts to the smaller ellipse on the left once it is reached. It could spell more downward movement since the last high made (4th arrow) before the break of support failed to reach the perimeter.

Another scenario is that upon reaching the perimeter, price is pushed up to the perimeter of the smaller ellipse on the right, where it reaches resistance. The 4th arrow also indicates prior price resistance there.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: ELLIPSE 2.png Size: 59 KB
Click to Enlarge Name: ELLIPSE 3.png Size: 57 KB
"GIVE ME 3 POINTS IN SPACE IN TIME AND WATCH ME CREATE MAGIC."
  • #2,739
  • Sep 12, 2014 8:46am Sep 12, 2014 8:46am
EUR\USD Forecast

This pair has finally exhausted its downward motion at 2860 and it is at the blue trendline which is a important line in the past where a few major reactions have occured at this line.

We have travelled from the center of circle#1 towards its south pole and with the current conditions there is a very strong chance that we will experience a rebound soon upwards. This rebound is the beginning of a series of rises that will eventually travel above 3900 by end of this year. For now the interim target for the bounce upwards is around 3600.

The RSI on the daily chart is at a all time low with a very strong inclination to thrust upwards.

Buy Zone is between 2860-2950. First target 3400 for now
Attached Image(s) (click to enlarge)
Click to Enlarge Name: EURUSD_Daily.jpg Size: 190 KB
Click to Enlarge Name: EURUSD_Daily_RSI.jpg Size: 148 KB
  • #2,740
  • Sep 13, 2014 6:30am Sep 13, 2014 6:30am
Quoting Kambooj
EUR\USD Forecast This pair has finally exhausted its downward motion at 2860 and it is at the blue trendline which is a important line in the past where a few major reactions have occured at this line. We have travelled from the center of circle#1 towards its south pole and with the current conditions there is a very strong chance that we will experience a rebound soon upwards. This rebound is the beginning of a series of rises that will eventually travel above 3900 by end of this year. For now the interim target for the bounce upwards is around...
Hello Kambooj!

I really admire what You traders post here as circular analysis, so I'm subscribed.
Like to share my view, because l think we have found the same, but in different path:
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 2014.09.13. EurUsd Monthly.png Size: 44 KB
Click to Enlarge Name: 2014.09.13. EurUsd Monthly 2.png Size: 47 KB
Click to Enlarge Name: 2014.09.13. EurUsd Weekly.png Size: 49 KB
Click to Enlarge Name: 2014.09.13. EurUsd Weekly Diablo.png Size: 52 KB
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