ETMA_The Evolution

Some charts for the week to keep u intrigued and entertained, EU ,GU, UCAD and UCHF all have between 1:2.5 to 1:4.2 Risk:Reward targeting the Upper D1 Band or the AWR High for the longs and vice versa for the shorts as a minimum target, of course we all know that these targets can over extend the Bands and i'm trailing my stops until the trend reverse as per our rules.

Daily FX Technical Analysis.


fx_technical_analysis_daily_07222013.pdf

EU Rebounding up from the 61.8% Fibo after the Break of the Upper Channel line and the Retest and the GU From the 50 % Fibo after the Resistance break and the retest, both next conservative targets will be the 78.6 Fibo.
These 2 moves are the courtesy of the Existing Home Sales News event miss.
I will call it Super Monday, Usually Mondays are boring, as much as the last 2 weeks lagged in Volatility and Liquidity as much as this week's opening is full with action.

Best,
B.R.

Follow the Markets with Ground Breaking Technical Analysis.
Daily_07.23.13_FXTechs.pdf

Three Simple Ways to Reduce Trading Stress.

ETMATE Trades still going strong, with a little patience we will get to our targets which is the D1 TMA Bands and more, thin calendar today i expect the prevailing trends to continue but its Friday and nobody knows, end of week positions closing, profits taking, big boys gone fishing early, i don't know, anyway Enjoy ur summer weekend i know i do.

NU is showing more and more strength, 1 More thrust up it will hit our Upper D1 Band, we will take profits once our rules are fulfilled, i don't think it will be today.
AU is lagging, the 0.93050 is critical resistance if it will be broken we can see a hard thrust upward, china recent negative news events been capping AU from rebounding every time he tries to, so i expect the smallest positive economic release to give him a push higher.

According to H1 and H4 there will be a short signal. Both price are above upper band.

AUDNZD has already made a move on H1.
According to D1 there still an opportunity to be taken.

Hi Bass.


Sorry, no bands. I grew out of them. I still love your analysis, but repainting factor of bands is a disturbance for me.

H1/h4 analysis. A lot of factors pointing to more longs. Entry was perfect 50% pullback with clear divergence. But in the end, you also use similar tools as I learned to use as add on to the bands. Well, once you master those tools (fibbos, PA, any oscillator), bands kinnda lost importance to me. Perhaps I was wrong to remove them, but mathematically... bands are only deviations of PA.

Anyway, my point is not to discuss bands, that's just a tool as any other. Here are some thoughts on possible future PA. 80-90% target is normally safe exit.

Point is more that once you set your mind to something and master it (not that I mastered this, but it's a work in progress), any tools will give you similar results.


Bass, thanks for your work and keep in touch.


BR

http://charts.mql5.com/2/125/eurusd-...ex-group-3.png

P., being above the upper Band as we know doesn't mean that there will be a reversal soon or a no continuation of the Trend, my experience tells me that u should go looking for an resistance level to expect a reversal, PA doesn't reverse until it hit a Resistance or a support level and of course because of surprising news events also.

We should note that NU and AU r in a long term downtrend but we can see a more and more evidence that this trend is slowing down because of u know the Markets dynamics.

T Man., long time no see, glad to see u here, well mate the Bands are still the core of this system that i trade, because they visually represent the Range of each Pair as we stated a 1000 time, my experience with the Bands ( Pairs Range ) has been very positive, it gives me a framework or a boundaries to where i should start looking for a reversal and coupled with resistance, support and trendlines it gives me a great edge to define the tops and bottoms, and it works like a charm like i demonstrated visually a 1000 times.

Glad to see you back and you are always welcome here.

Best,
B.R.

P., Still way too early on the AN, i don't see any signs of reversal yet, all i can see is a PA retest of the broken support coming soon, that long term Descending Trendline and that lower high @ 16400 needs to be broken up and retested before i'm convinced of a serious reversal.

Best,
B.R.

End of the week Analysis:

Dollar Rejected at Resistance, S&P 500 Flirting with 1700 Figure
THE TAKEAWAY: The US Dollar was swiftly rejected at trend line resistance following a recovery attempt. The S&P 500 continues to look for direction near the 1700 figure.

US DOLLAR TECHNICAL ANALYSIS – Prices overturned a bullish Morning Star candlestick pattern identified yesterday, recoiling from falling trend line resistance set from the July 8 swing high to challenge support at 10739, the 50% Fibonacci retracement. A break beneath this boundary exposes the 61.8% level at 10675. Trend line resistance is now at 10793, with added reinforcement from the 38.2% Fib at 10803.

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

S&P 500 TECHNICAL ANALYSIS – Prices pulled back from the 1700 figure to retest resistance-turned-support at 1687.40, the May 22 swing high.A reversal back below this barrier exposes the 76.4% Fibonacci expansion at 1675.10. Alternatively, a reversal above 1700 aims for the 100% level at 1710.90.

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

GOLD TECHNICAL ANALYSIS – Prices put in a Bearish Engulfing candlestick pattern below resistance at the top of a rising channel set from late June (now at 1366.68), hinting a move lower is ahead. Channel bottom support is currently at 1299.97, with a break beneath that initially targeting the 23.6% Fibonacci expansion at 1273.98.

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

CRUDE OIL TECHNICAL ANALYSIS– Prices turned lower as expected, completing a bearish Evening Star candlestick pattern. Initial support is at 105.06, the 23.6% Fibonacci retracement, with a break below that targeting the 38.2% level at 102.70. Near-term resistance is at 108.89, the July 19 high.

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

And the Currencies Analysis.

fx_technical_analysis_daily_07.26.2013.pdf

Pay attention this week.

Heavy Seas and Volatile Trading Ahead.
Weekly Trading Forecast: Volatility in the Week Ahead with FOMC and NFPs!
$USDOLLAR vs Fed Rate decisions in Picture.

http://charts.stocktwits.net/product...jpg?1374881222

Indices for the week:

S&P 500 : Broke resistance ( All time high ) and retesting it.
Dow : Stalled @ Resistance ( All time High ) but very bullish ( Bullish Pinbar printed Yesterday, Rejecting former support).
Nasdaq : Broke Resistance and retesting it with a strong bullish Bias ( Bullish Pinbar on Support - Former all time high and Resistance).
Dax : Bullish Trend with a Retracement Lower Forming a bullish Candle rejecting Important previous support.
Nikkei : Trend turning bearish, a big bearish candle broke important support.
Gold : Forming a Bullish Pinbar Rejecting support.


S&P 500 Versus the Nikkei

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

I've been trading these indices in my Futures Portfolio with a great success, lets hope that the Feds and the NFP this week keep the Prevailing trends intact.

Best,
B.R.

Daily Analysis For the Major Pairs.

Bro, Google Docs is not working properly, I'm not able to view that link..! Whether I'm the only trader facing this problem..! Please check this out..!

My Bad bro, i posted my personal link to this file, you can download it now.