ETMA_The Evolution

Waiting for your beatiful graphs bass hope we catch the big moves just in time.

Like i said in my last post i have several potential trades, i deployed my traps ( Buy and Sell Stops ) to catch these moves on the Retest of the broken levels like i always do, the problem is that PA retraced too far yesterday after the Helicopter Ben comments, now like a good hunter I'm waiting for the prey to fell in my traps, patience is key and discipline is a virtue.

Best,
B.R.

Well maybe 1 or 2.

See this for an update of the Markets.

Fx_technical_analysis_daily_07112013

Guys I'm looking for a free VPS if somebody know something, i would settle for a 6 Months or 1 year trial but if its totally free its better.

EUR-NZD looks ready to fall down what do you think?

If you ask me i would say that you should have shorted 16 days ago right @ resistance because I'm already short from a long time ago, take a look @ my entries.
Take a look @ this #post.
Best,
B.R.

Another week and another list to read and to educate ourselves :

http://www.businessinsider.com/takin...-street-2013-7

http://www.businessinsider.com/berna...ongress-2013-7

http://www.businessinsider.com/econo...july-14-2013-7

http://www.businessinsider.com/the-f...d-views-2013-7

http://www.businessinsider.com/labor...rldwide-2013-7

http://www.businessinsider.com/byron...s-china-2013-7

http://www.businessinsider.com/james...ntation-2013-4

Enjoy and good luck trading this week.

Best,
B.R.

UJ retesting support turned resistance after the ascending triangle breakout fail and the strong rejection from this resistance level, expect a sell off from here, pending surprises.

We have a chance to catch the ascending trend line breakdown on the GJ, if you want to be sure wait for the 147.085 last higher low to be broken and retested to confirm the break, this will be the break of the H&S chart pattern.

What I'm reading that's interesting :

http://www.dailyfx.com/forex/fundame..._by_China.html

http://www.dailyfx.com/forex/fundame...th_Target.html

http://www.dailyfx.com/technical_analysis/candlesticks. Latest candlesticks patterns.

http://www.dailyfx.com/technical_analysis. State of the trend.

Indices, Commodities and the USD

THE TAKEAWAY: An attempted recovery from the US Dollar has been cut short at technical resistance while the S&P 500 has pushed higher to challenge the May swing high.

US DOLLAR TECHNICAL ANALYSIS – Prices turned lower as expected, finding initial support at 10803 marked by the 38.2% Fibonacci retracement. A bullish Piercing Line candlestick pattern hints at the potential for renewed upside momentum. However, a Doji candle formed on a test of initial resistance at 10882 – the 23.6% level – points to indecision and injects a degree of doubt in bullish follow-through. Confirmation on a close above 10882 exposes the July 8 high at 11009. Alternatively, a reversal below support aims for the 50% Fib at 10739.

http://media.dailyfx.com/illustratio..._Picture_5.png

S&P 500 TECHNICAL ANALYSIS – Prices moved higher as expected after putting in a bullish Piercing Line candlestick pattern. A break above resistance at 1678.40, the 78.6% Fibonacci expansion, has now exposed the May 22 high at 1687.40. A further move above this barrier targets the 100% level at 1710.90. Alternatively, a reversal back below 1678.40 sees support at 1652.90, the 61.8% Fib.

http://media.dailyfx.com/illustratio..._Picture_6.png

GOLD TECHNICAL ANALYSIS – Prices put in a Hanging Man candlestick below resistance at 1297.75, the 38.2% Fibonacci retracement, signaling indecision and warning that a pullback may be around the corner. Near-term support is at 1252.80, the 23.6% level, with a break beneath that eyeing swing lows at 1208.10 and 1180.15. Alternatively, a push above resistance exposes the 50% Fib at 1334.08.

http://media.dailyfx.com/illustratio..._Picture_7.png

CRUDE OIL TECHNICAL ANALYSIS– Prices put in a bearish Dark Cloud Cover candlestick pattern, hinting a move lower is ahead. Near-term support is at 103.93, the 23.6% Fibonacci retracement, with a break beneath that targeting a rising trend line at 102.18 and the 50% level at 100.05. The bearish candle setup would be invalidated on a close above 107.41, the July 11 high.

http://media.dailyfx.com/illustratio..._Picture_8.png

State of the these markets.

Best,
B.R.

This is just to let u know that the AU and NU and after the AUD Monetary Policy Meeting Minutes is pushing higher and start to challenge their long term Descending trendlines which could be the Beginning of a reversal if they succeed to break and close above these trendlines.

AU and NU As expected, let's see if its gonna follow through.
And the Math behind it, its a 1:4.9 Risk:Reward trade if we gonna target the upper D1 Band.
Same trade placed on the NU with a good MRM too.

I have good entries on GU, EU Longs UCHF, UCAD shorts too will post pics later, not to mention the Crosses to which i point out earlier in the week.

ramy. where have you been. I hope there is no problem.

Next week expectations in the market :
http://www.dailyfx.com/forex_market_news/forecasts

Nope, no problems my friend, just a little bordem from the markets, it's been veryyyyyyyyy......... Slow in the last couple of weeks, even with the Helicopter Ben comments and testimony in front of the congress, meanwhile I'm sitting in Starbucks with the wife in a lovely summer sunday afternoon sipping my hot mocha and enjoying what's left of the weekend before coming back to work tomorrow.

Cheers,
B.R.

Thank God for that.

Good morning everybody, we have a Thin, very thin calendar today, the US Existing Home Sales is the only major news release for today, the week started with better than expected action considering the lag the last 2 weeks.

Here is the action for this morning :

- Majors trading against USD: JPY +0.062%, AUD +0.35%, CHF +0.18%, CAD +0.14%, EUR +0.14%, GBP +0.14%, NZD +0.03%.
- US Futures: DOW JONES -0.013%, S&P +0.030%, NASDAQ +0.115%.
- European equities are trading lower. FTSE -0.16%, CAC -0.10%, DAX -0.04%.
- Metals: Gold: +19.35 (+1.49%), Silver: +0.42 (+2.14%)

Yen Gains After Japanese Election, and as i said US Existing Home Sales Data Ahead.
S&P 500 Sets a New High breaking resistance.

Best,
B.R.