ETMA_The Evolution

To read :

Analyst Destroys The Stock Market Crash Chart That Wall Streeters Are Passing Around
REPORT: A Really Bad Currency Trade Totally Ruined Goldman's Quarter
VANGUARD: Investor Behavior Is The Same As It Ever Was

Enjoy,
B.R.

So... now analysts are starting to persuade us indexes are still low...

Time to stop blindly longing and start preparing for sideways or some serious retracement before one more bigger long. Not there yet though.


BR

If you know the cliche, it goes like this " Frankly my dear i don't give a rat's ass" about what the Analysts are saying, i know what i know and i see what i see on my charts and its my money so why should i listen to a bunch of losers who couldn't make it in the Trading and investing business so they turned to crystal ball reading and predicting a future that no one can predict, another saying goes " those who can DO, and those who can't TEACH" and I've got the evidence to prove it.

Best,
B.R.

Agreed, as most of the time. I'm merely commenting the link of the article you've posted.


BR

Hi Bassramy, can you tell me what the name of that indicator is that you have near the candles on the EU daily chart you posted that has red and blue lines? It looks awesome! Thank you!

If you have followed my posts you would already know what it is, anyway its the ST (Super Trend), Google it.

Best,
B.R.

Best of the Best
Things That Make You Go Hmmm...
And,

US Dollar May Pull Back from November Top, SPX 500 at Risk
By Ilya Spivak, Currency Strategist, 26 November 2013 06:04 GMT
http://www.dailyfx.com/design/fxcm/img/common/blank.gif
Talking Points:

1. US Dollar May Pull Back from November Swing Top
2. S&P 500 Downswing Hinted in Technical Positioning
3. Gold Prices Move to Retest Monthly Trend Resistance

US DOLLAR TECHNICAL ANALYSIS – Prices rebounded from resistance-turned-support at the top of a falling channel set from July (now in the 10491-518 area) as expected. Near-term resistance is in the 10641-53 region, marked by the November 12 high and the 23.6% Fibonacci expansion. A push above that targets the 38.2% level at 10839. Negative RSI divergence warns a near-term pullback may be ahead, with a move below the November 20 low at 10535 eying the channel anew.

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

S&P 500 TECHNICAL ANALYSIS – Prices put in a Shooting Star candlestick below resistance at 1808.20, the 150% Fibonacci expansion, hinting a turn lower may be ahead. Negative RSI divergence and the outlines of a Rising Wedge chart formation reinforce the case for a downside scenario. Initial support is at 1798.50, the 138.2% Fib, with a break below that eyeing the 123.6% level at 1779.80. A push above resistance targets the 161.8% expansion at 1820.80.

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

GOLD TECHNICAL ANALYSIS – Prices bounced from support at 1222.60, the 76.4% Fibonacci expansion. Resistance is at 1256.18, the intersection of the 23.6% Fib retracement and a falling trend line set from late October. A break above that targets the 38.2% retracement at 1276.35. Alternatively, a reversal below support eyes the $1200/oz figure and the 100% expansion at 1179.63.

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

CRUDE OIL TECHNICAL ANALYSIS– Prices continue to consolidate above the November 14 low 92.49, with positive RSI divergence hinting a bounce may be ahead. Initial resistance is in the 94.76-95.37 area, marked by the 14.6% Fibonacci expansion and reinforced by the top of a falling channel set from late August. A break above that initially exposes the 23.6% level at 97.14. Alternatively, a move below 92.49 targets the channel bottom at 89.40.

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

Best,
B.R.

Nice words, we should take into consideration what others say, but we must take our final decision based on our analysis.

Yes N., it is my firm belief that no one can be in your shoes, if you want to do anything in life do it yourself and keep learning and practicing until u become a pro, now it may take years but so being a doctor and an engineer also.

Welcome aboard, what did you do with your gold trade today, i saw the cable blowing the rooftop way past his ADR, be aware that its testing the triple resistance( Very strong one) of 63150 as i write these words, from here it will be reversal or continuation and that my friend will be left for the markets to decide today or tomorrow and we will take advantage of this either way.

Another what a day today.

Best,
B.R.

And our Educational good read post for today :
Initial Jobless Claims Fall More Than Expected
DURABLE GOODS ORDERS MISS EXPECTATIONS
The State Of The US Economy In One Awesome Annotated Heatmap
10 Things You Need To Know Before The Opening Bell
A Former Trader Explains How He Used To Mess With Japanese Clients
The Message Is Sinking In That Central Banks Are In A 'QE Trap'
PRESENTING: Goldman's First Two Big Macro Investing Ideas For 2014
Wall Of Storms On US East Coast Is Threatening Thanksgiving Travel

And one more to read : Teach yourself to focus

22304 Traders are online on Forex factory now with 169% Average liquidity.

Enjoy,
B.R.

Interesting reading...

http://www.businessinsider.com/50-un...esting-2013-11



BR

im still in the trade(Gold)

Absolutely Worth Mentioning in my thread, i will post it here for everyone to see :

50 Unfortunate Truths About Investing
Sorry, but ...
1. Saying "I'll be greedy when others are fearful" is much easier than actually doing it.
2. The gulf between a great company and a great investment can be extraordinary.
3. Markets go through at least one big pullback every year, and one massive one every decade. Get used to it. It's just what they do.
4. There is virtually no accountability in the financial pundit arena. People who have been wrong about everything for years still draw crowds.
5. As Erik Falkenstein says: "In expert tennis, 80% of the points are won, while in amateur tennis, 80% are lost. The same is true for wrestling, chess, and investing: Beginners should focus on avoiding mistakes, experts on making great moves."
6. There are tens of thousands of professional money managers. Statistically, a handful of them have been successful by pure chance. Which ones? I don't know, but I bet a few are famous.
7. On that note, some investors who we call "legendary" have barely, if at all, beaten an index fund over their careers. On Wall Street, big wealth isn't indicative of big returns.
8. During recessions, elections, and Federal Reserve policy meetings, people become unshakably certain about things they know nothing about.
9. The more comfortable an investment feels, the more likely you are to be slaughtered.
10. Time-saving tip: Instead of trading penny stocks, just light your money on fire. Same for leveraged ETFs.
11. Not a single person in the world knows what the market will do in the short run. End of story.
12. The analyst who talks about his mistakes is the guy you want to listen to. Avoid the guy who doesn't -- his are much bigger.
13. You don't understand a big bank's balance sheet. The people running the place and their accountants don't, either.
14. There will be seven to 10 recessions over the next 50 years. Don't act surprised when they come.
15. Thirty years ago, there was one hour of market TV per day. Today there's upwards of 18 hours. What changed isn't the volume of news, but the volume of drivel.
16. Warren Buffett's best returns were achieved when markets were much less competitive. It's doubtful anyone will ever match his 50-year record.
17. Most of what is taught about investing in school is theoretical nonsense. There are very few rich professors.
18. The more someone is on TV, the less likely his or her predictions are to come true. (U.C. Berkeley psychologist Phil Tetlock has data on this).
19. Related: Trust no one who is on CNBC more than twice a week.
20. The market doesn't care how much you paid for a stock. Or your house. Or what you think is a "fair" price.
21. The majority of market news is not only useless, but also harmful to your financial health.
22. Professional investors have better information and faster computers than you do. You will never beat them short-term trading. Don't even try.
23. How much experience a money manager has doesn't tell you much. You can underperform the market for an entire career. And many have.
24. The decline of trading costs is one of the worst things to happen to investors, as it made frequent trading possible. High transaction costs used to cause people to think hard before they acted.
25. Professional investing is one of the hardest careers to succeed at, but it has low barriers to entry and requires no credentials. That creates legions of "experts" who have no idea what they are doing. People forget this because it doesn't apply to many other fields.
26. Most IPOs will burn you. People with more information than you have want to sell. Think about that.
27. When someone mentions charts, moving averages, head-and-shoulders patterns, or resistance levels, walk away.
28. The phrase "double-dip recession" was mentioned 10.8 million times in 2010 and 2011, according to Google. It never came. There were virtually no mentions of "financial collapse" in 2006 and 2007. It did come.
29. The real interest rate on 20-year Treasuries is negative, and investors are plowing money into them. Fear can be a much stronger force than arithmetic.
30. The book Where Are the Customers' Yachts? was written in 1940, and most still haven't figured out that financial advisors don't have their best interest at heart.
31. The low-cost index fund is one of the most useful financial inventions in history. Boring but beautiful.
32. The best investors in the world have more of an edge in psychology than in finance.
33. What markets do day to day is overwhelmingly driven by random chance. Ascribing explanations to short-term moves is like trying to explain lottery numbers.
34. For most, finding ways to save more money is more important than finding great investments.
35. If you have credit card debt and are thinking about investing in anything, stop. You will never beat 30% annual interest.
36. A large portion of share buybacks are just offsetting shares issued to management as compensation. Managers still tout the buybacks as "returning money to shareholders."
37. The odds that at least one well-known company is insolvent and hiding behind fraudulent accounting are high.
38. Twenty years from now the S&P 500 (INDEX: ^GSPC ) will look nothing like it does today. Companies die and new ones emerge.
39. Twelve years ago General Motors (NYSE: GM ) was on top of the world and Apple(Nasdaq: AAPL ) was laughed at. A similar shift will occur over the next decade, but no one knows to what companies.
40. Most would be better off if they stopped obsessing about Congress, the Federal Reserve, and the president and focused on their own financial mismanagement.
41. For many, a house is a large liability masquerading as a safe asset.
42. The president has much less influence over the economy than people think.
43. However much money you think you'll need for retirement, double it. Now you're closer to reality.
44. The next recession is never like the last one.
45. Remember what Buffett says about progress: "First come the innovators, then come the imitators, then come the idiots."
46. And what Mark Twain says about truth: "A lie can travel halfway around the world while truth is putting on its shoes."
47. And what Marty Whitman says about information: "Rarely do more than three or four variables really count. Everything else is noise."
48. The bigger a merger is, the higher the odds it will be a flop. CEOs love empire-building by overpaying for companies.
49. Investments that offer little upside and big downside outnumber those with the opposite characteristics at least 10-to-1.
50. The most boring companies -- toothpaste, food, bolts -- can make some of the best long-term investments. The most innovative, some of the worst.

Thank you T.

Best,
B.R.

Recoiling down to Retest the Neck line and maybe breaking it downward, i can see a double rejection of the Former support turned resistance yesterday and today this is a strong indication that the seller is still in control despite the Pinbar on the Neckline, until the Buyers regroup themselves to conquer the sellers bearish momentum this market is in down spiral until the major imminent and important supports of 1180 - 1156'sh .

Best,
B.R.

Silver is in bearish continuation trend, 18.20 will be a suitable target to take profit unless the long term Up trend line will act as support which is more likely .
Crude is breaking bad, Dax upward trend is intact, Dow and The S&P is making a third small pinbar which leaves a question mark on the up trend, NASDAQ up trend is intact and the Nikkei is in up continuation trend.

My preferred way of trading that 100% suites my personality and my life style, go here (Trade Like Nial Fuller: 10 Ways to Simplify Your Trading), read all of that, start practicing, become proficient in this, go live after you mastered these strategies, start making money, enjoy this new income as you wish, don't forget to donate 10% of your net profit annually to your favorite charity and make the world a better place.
DO IT NOW.

In that specific order.

Best,
B.R.

US Dollar Stalling at November Top, SPX 500 Remains at Risk
By Ilya Spivak, Currency Strategist - 28 November 2013 06:27 GMT
Talking Points:

1. US Dollar Treading Water at November Swing High
2. S&P 500 Remains Vulnerable to Downward Reversal
3. Crude Oil Aims at $91.00 After Range Bottom Break

US DOLLAR TECHNICAL ANALYSIS – Prices pulled back as expected, forming a bearish Dark Cloud Cover candlestick patter below resistance in the 10641-53 area marked by the November 12 high and the 23.6% Fibonacci expansion. Initial support is at 10589, the 23.6% Fib retracement, with a break below that targeting the 38.2% mark at 10589. Alternatively, a turn above 10653 aims for the 38.2% expansion at 10839.

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

S&P 500 TECHNICAL ANALYSIS – Prices put in a Shooting Star candlestick below resistance at 1808.20, the 150% Fibonacci expansion, hinting a turn lower may be ahead. Negative RSI divergence and the outlines of a Rising Wedge chart formation reinforce the case for a downside scenario. Breaking the Wedge bottom – now squarely at 1800.00 – exposes the 138.2% and 123.6% Fib levels at 1798.50 and 1779.80, respectively. A push above resistance targets the 161.8% expansion at 1820.80.

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

GOLD TECHNICAL ANALYSIS – Prices bounced from support at 1222.60, the 76.4% Fibonacci expansion. Resistance is in the 1251.21-56.18 area, marked by the 23.6% Fib retracement and a falling trend line set from late October. A break above that targets the 38.2% retracement at 1276.35. Alternatively, a reversal below support eyes the $1200/oz figure and the 100% expansion at 1179.63.

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

CRUDE OIL TECHNICAL ANALYSIS– Prices broke lower out of consolidation, taking out the 23.6% Fibonacci expansion at 92.79 to expose the 38.2% level at 91.06. A further push beneath that eyes the 50% Fib at 89.66. Alternatively, reversing back above 92.79 aims for a falling channel top at 94.23.

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

Enjoy,
B.R.

Likeee

Forex: EUR/USD Technical Analysis – Ready to Turn Lower?

Talking Points

1. A Shooting Star candle below channel resistance hints at a turn lower ahead
2. Near-term support is at 1.3485 (23.6% Fib); below that aims for 1.3407 (38.2% Fib)
3. Resistance is in the 1.3600-12 (channel bottom, Nov 27 high); we continue to hold short

http://media.dailyfx.com/illustratio..._Picture_2.png

Major Daily candlestick pattern was printed yesterday @ the close , tighten your stop and watch this pair carefully, specially after the negative numbers that came out of Europe and Germany today.

Good morning and thank you, your bet on gold short is materializing, good call, watch out for the 1222.60 level if it breaks 1180 - 56 is next.