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ETMA_The Evolution

  • #381
  • Nov 13, 2013 9:52am Nov 13, 2013 9:52am
Quoting tp0440
Are indexes temporarily topping? Technically it is more than likely. Bass, if you choose, ETMETE analysis is you department. :-) Notice triple divergence on d1. Simple is normally signal for continuation. Triple is hard warning of major PB or reversal. Personal observation, four divergences are normally reversal or if they fail, it'll fly to the moon. BR {image}

This is what i was preaching since 2 weeks now, i noticed the divergences long time ago but this spike upward seems to me like a dead cat bounce or a bull trap technically speaking, anyway and if you read my links you will see that everybody is talking about a bubble and its exactly that make me believe this bull run will continue, just look of what happened to the EU when everybody started talking about "Wall street falling in love with the Euro that yielded 8% since the beginning of the Year". This was @ the 38'sh, look @ where are we now.

And if everything continue today as it is now (PA Wise) we will get a bearish Harami candlestick pattern today @ the close, and you know what that means.
PA touched the BTS today only to reverse down with a vengeance, my TSL (Trailing Stop loss) were almost hit above the ADR, its good to mention that we are on the Lower Daily Band were PA being bouncing 3 times from this level and this is the fourth.

Best,
B.R.
Attached Image (click to enlarge)
Click to Enlarge Name: eurusdh1 etmate.png Size: 103 KB
Master Your Setup, Master Your self. (NQoos)
  • #382
  • Nov 13, 2013 9:58am Nov 13, 2013 9:58am
Lower daily band?? You mean the higher one??

I'm not saying, this is reversal. But huge pinbar few days ago, triple divergence, etc.... I think at least a pullback is in order. But nevertheless, every move down bounces right back up. Especially in US session, which also tells you who he buyer is...

EDIT: sorry, you were referring to EURUSD while I was looking strictly at indexes.

BR
  • #383
  • Nov 13, 2013 12:51pm Nov 13, 2013 12:51pm
Quoting bassramy
{quote} U Have a problem on your side, it works perfect for me, see what's the problem in the experts tab in MT4 and try to compile it before using it in MetaEditor.
This is what it is giving me. What do i do?
Attached Image
************************* Knowledge is an endless research
  • #384
  • Nov 13, 2013 1:18pm Nov 13, 2013 1:18pm
Quoting Tess1
{quote} This is what it is giving me. What do i do? {image}
Try this one.
I use the scite for mql, maybe this might work.
Attached File(s)
File Type: ex4 #Average_Weekly_Range_ AWR.ex4   14 KB | 451 downloads
  • #385
  • Nov 13, 2013 1:52pm Nov 13, 2013 1:52pm
Quoting Phaholj
{quote} Try this one. I use the scite for mql, maybe this might work. {file}
Phaholj, thank you. This one worked. Thank you all.
************************* Knowledge is an endless research
  • #386
  • Nov 14, 2013 1:13am Nov 14, 2013 1:13am
Hi

If you want to use scite for mql4 check this forum at stestevehopwoodforex
Just made an IDE for MQL4
http://www.stevehopwoodforex.com/php...php?f=15&t=627
  • #387
  • Nov 14, 2013 11:21am Nov 14, 2013 11:21am
Quoting Phaholj
Hi If you want to use scite for mql4 check this forum at stestevehopwoodforex Just made an IDE for MQL4 http://www.stevehopwoodforex.com/php...php?f=15&t=627
I'm a frequent visitor to Steve's forum, the guys there are doing great job, a lot of good read .
Master Your Setup, Master Your self. (NQoos)
  • #388
  • Nov 14, 2013 2:51pm Nov 14, 2013 2:51pm
Quoting Phaholj
Hi If you want to use scite for mql4 check this forum at stestevehopwoodforex Just made an IDE for MQL4 http://www.stevehopwoodforex.com/php...php?f=15&t=627
Thank you. Will check it out.
************************* Knowledge is an endless research
  • #389
  • Nov 15, 2013 5:29am Nov 15, 2013 5:29am
Everybody is looking @ the same line the sand for the EU, wherever u look and whatever you read they are all saying the same thing, when this UTL is broken short without looking back, so much for speculation, there is no fun anymore in these markets just follow the herd and make some pips.

And now that we don't have a new HH and the Europeans are pushing it down and shorting every Small rally that we get in the NY Session i guess the break is right around the corner so buckle up boys, the small symmetrical triangle that we have is gonna be broken in this almost crazy Friday ritual with or without an important news event.

Just Saying.
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Master Your Setup, Master Your self. (NQoos)
  • #390
  • Nov 15, 2013 5:41am Nov 15, 2013 5:41am
Hi

According to my extended dash.
JPY is losing the momentum and the reversal might be possible.
Attached Image
  • #391
  • Edited 8:31am Nov 15, 2013 8:18am | Edited 8:31am
Quoting Phaholj
Hi According to my extended dash. JPY is losing the momentum and the reversal might be possible. {image}
The Nikkei broke 4 Months high yesterday and continue the push higher today, the UJ seems heading to a pinbar on resistance today let's wait and see.
Experience taught me and like the S&P analysis 2-3 days ago when everybody was speaking about topping and the bubble and PA proved them all wrong (This is what i was preaching since 2 weeks now, i noticed the divergences long time ago but this spike upward seems to me like a dead cat bounce or a bull trap technically speaking, anyway and if you read my links you will see that everybody is talking about a bubble and its exactly that make me believe this bull run will continue).

That being said i noticed the same thing today with the EU, everybody was talking about the break of the UTL lower and then comes the NY Session to prove them all wrong, our buddies in the US are working hard in pumping the EURO up, what will happen next is in the hands of only God but that reminds me of the Famous saying in Wall Street of "Pumping and Dumping", i don't know about the dumping but the US exports are surely benefiting from pumping the EURO.

Best,
B.R.
Master Your Setup, Master Your self. (NQoos)
  • #392
  • Nov 15, 2013 5:16pm Nov 15, 2013 5:16pm
The problem is, once the direction turns, you might see a PB so strong and fast that you won't have time to close longs, yet alone open short positions.

The bubble is a reality, but is extremely well supported by at least 85 B$ monthly. Still... at on point banks, funds, etc., will start cashing in. And when avalanche starts, I don't know where it might stop.

Until then it's simple - trend is up.



BR
  • #393
  • Nov 16, 2013 9:06am Nov 16, 2013 9:06am
Quoting tp0440
The problem is, once the direction turns, you might see a PB so strong and fast that you won't have time to close longs, yet alone open short positions. The bubble is a reality, but is extremely well supported by at least 85 B$ monthly. Still... at on point banks, funds, etc., will start cashing in. And when avalanche starts, I don't know where it might stop. Until then it's simple - trend is up. BR
"Until then it's simple - trend is up"
And I'm still holding long until it turns.
Master Your Setup, Master Your self. (NQoos)
  • #394
  • Nov 16, 2013 5:35pm Nov 16, 2013 5:35pm
I understand all your points and definitely S&P is currently showing nothing.... DJI is presenting a potential reversal pattern, but is broken to the upside... but DAX is also showing this:

http://charts.mql5.com/3/81/dax30-d1...rkets-as-2.png

To my understanding one of your favorite candles. :-) No candle pattern yet to confirm it, but we'll see.... I definitely expect DJI to break 16k and S&P 1800 I guess, but after that... time will tell.


BR
  • #395
  • Nov 17, 2013 5:07am Nov 17, 2013 5:07am
Quoting tp0440
I understand all your points and definitely S&P is currently showing nothing.... DJI is presenting a potential reversal pattern, but is broken to the upside... but DAX is also showing this: {image} To my understanding one of your favorite candles. :-) No candle pattern yet to confirm it, but we'll see.... I definitely expect DJI to break 16k and S&P 1800 I guess, but after that... time will tell. BR
Yes my friend, 1 of my favorite candlestick pattern or a PINBAR but it lose meaning without confirmation and specially if it's not on support or resistance, just take a look 3-4 candles to the right and see the strong rejection from broken resistance turned support level which turned out an almost bullish pinbar WTT (with the trend) that my friend is a strong indication that the bulls are still in control but it's not confirmed until the high of the latest pinbar being broken on a closing basis.

Have a nice weekend, I know I'm enjoying mine while drinking my coffee in Starbucks on a beautiful Sunday morning.

Best,
B.R..
Master Your Setup, Master Your self. (NQoos)
  • #396
  • Nov 17, 2013 7:40am Nov 17, 2013 7:40am
Dahhh...
51 Photos From The 2013 Victoria's Secret Fashion Show

http://keithecker.files.wordpress.co...8/jaw-drop.jpg
Master Your Setup, Master Your self. (NQoos)
  • #397
  • Nov 17, 2013 7:58am Nov 17, 2013 7:58am
This Magazine Cover Shows Just How Pissed The Germans Are With Mario Draghi
Markets Have Only Seen A 'Selective Rotation,' Not A 'Great Rotation'
22 Brilliant Quotes From Legendary Short-Seller Jim Chanos
Wall Street's Brightest Minds Reveal THE MOST IMPORTANT CHARTS IN THE WORLD
CREDIT SUISSE: Here Are The 7 Best Short-Term Investment Strategies

Weekend read, enjoy.
Master Your Setup, Master Your self. (NQoos)
  • #398
  • Nov 20, 2013 8:00am Nov 20, 2013 8:00am
Hello bassramy, do you see any upcoming trades, the Usdchf daily chart is down trending, it did hit recently a resistance line and going down, what do you think of this trade?
  • #399
  • Nov 20, 2013 10:17am Nov 20, 2013 10:17am
Pop Goes the Weasel.
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Master Your Setup, Master Your self. (NQoos)
  • #400
  • Nov 20, 2013 10:40am Nov 20, 2013 10:40am
Quoting tanibwa
Hello bassramy, do you see any upcoming trades, the Usdchf daily chart is down trending, it did hit recently a resistance line and going down, what do you think of this trade?

A lot of setups dude, EU just broke down his UTL but he is testing a daily important Support of 3450'sh on Negative rate talk ECB Said to Consider Mini Deposit-Rate Cut If More Easing Needed which sent the UCHF higher on the short term, long UJ, UCAD, GU and I'm still long indices and short EG, crude, Gold and silver .
We have an important FOMC Meeting today but taper is not on the schedule @ least for today unless there is a surprise.

Best,
B.R.
Master Your Setup, Master Your self. (NQoos)
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