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ETMA_The Evolution

  • #421
  • Nov 28, 2013 3:35am Nov 28, 2013 3:35am
Quoting bassramy
{quote} 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.
what do u think about GBP after carney talks today
  • #422
  • Nov 28, 2013 7:51am Nov 28, 2013 7:51am
GU bull run continues already trying to break 2 years high let's see if he is gonna close above or make a fakey, a triple resistance levels is in play.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: gbpusd_raw daily.png Size: 88 KB
Click to Enlarge Name: gbpusdm30.png Size: 73 KB
Master Your Setup, Master Your self. (NQoos)
  • #423
  • Nov 28, 2013 8:24am Nov 28, 2013 8:24am
Quoting bassramy
GU bull run continues already trying to break 2 years high let's see if he is gonna close above or make a fakey, a triple resistance levels is in play. {image} {image}
GBP/JPY reached overbought territory and on the 4 hours time frame its reaching the resistance of the upper line of the channel
Attached Image (click to enlarge)
Click to Enlarge Name: chart2.png Size: 46 KB
  • #424
  • Nov 29, 2013 4:30am Nov 29, 2013 4:30am
Quoting nizar a n
{quote} GBP/JPY reached overbought territory and on the 4 hours time frame its reaching the resistance of the upper line of the channel {image}

Yeh i noticed the PA is encapsulated in a upward equidistant channel, on the D1 the GJ was the talk of the town @ the end of last week when he broke his 4 years resistance and he didn't look back since then, next stop his weekly resistance @ 179.200'sh.
Master Your Setup, Master Your self. (NQoos)
  • #425
  • Nov 29, 2013 6:44am Nov 29, 2013 6:44am
Yes, for GU , GJ... i am waiting for top formation confirmed... hope, next week will see some big retracement before another bigger up running.
  • #426
  • Edited Nov 30, 2013 1:41am Nov 29, 2013 8:15am | Edited Nov 30, 2013 1:41am
Black Friday and thanksgiving is on, prices are running wild, there is nothing stopping the GU, PA tried to be rejected from this level down only to took off @ the open of the NY Session ( GBP/USD prints a session high at 1.6374 with market talk of stops seen above 1.6380 - Unconfirmed ) the same nonsense that we always hear in the market, GN broke resistance yesterday and starting to head higher.

The truth is, its Like always, crazy Friday, end of the week and end of the Month.
Have a nice weekend everyone and happy thanks giving to all our American friends.

Best,
B.R.
Master Your Setup, Master Your self. (NQoos)
  • #427
  • Nov 30, 2013 1:48am Nov 30, 2013 1:48am
I can not emphasize enough on the necessity of protecting your hard earned cash, this is the true secret of Winning in the Markets, the holy grail if you want.
That being said and inline with the above i found this article Very Important to Read, reread, reread t'il you drop and learn, after learning this, practice it until it become a habit and watch your trading improve, a lot.
How to Lose Properly.
Best,
B.R.
Master Your Setup, Master Your self. (NQoos)
  • #428
  • Edited 2:16am Nov 30, 2013 1:56am | Edited 2:16am
GU Closed above 3 levels of resistance close all shorts and go long after the retest of these levels, next target 1.67450.
The Loonie broke resistance also yesterday but i'm not taking the trade because of the Tiny R:R Ratio, another resistance level is waiting @ 6555'sh so the reward doesn't justify the risk I'm taking, moving to another pair but keeping a close look @ the Loonie for a potential reversal from resistance that could be justified with a huge reward ratio if it happens and the potential to the upside is big also if it succeed of breaking this resistance since the line of least resistance is upward or bullish and a long term ascending triangle is in play.
S&P and the Dow formed a small Bearish pinbar after breaking to a new all time high early in the session, crude being firmly rejected from former support turned actual resistance after trying retest it from below to close lower with the formation of a Bearish pinbar WTT(With the trend), the Dax, Nikkei and Nasdaq bull run is intact.
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: usdcad_raw_weekly.png Size: 79 KB
Master Your Setup, Master Your self. (NQoos)
  • #429
  • Edited 6:52am Dec 2, 2013 3:55am | Edited 6:52am
EU broke hard since the London open taking 2 short term support levels with him, he is now being stopped by his daily ADR, that despite good news from europe and the UK, no reason why t'il now, my long term Indicators signaling me to close my longs and start to build short positions, what say you ?
GU took a hit also despite a better than expected PMI and is being rejected from his short term UTL (Up Trend Line).
Attached Image (click to enlarge)
Click to Enlarge Name: EU_FT.png Size: 97 KB
Master Your Setup, Master Your self. (NQoos)
  • #430
  • Edited 5:10am Dec 2, 2013 4:07am | Edited 5:10am
Hi Bass.


Personally, I'm not sure what to think about EURUSD. I exected short a while ago and it just didn't come.

Probably you know all of this already, but bellow you can find:
- possible EW scenario for bear. Alternative is of course bullish, but the move down seems to be motive. Wave 1-5 were as good as they can possibly be.
- We can see a potential pattern in play, but is not yet fulfilled or triggered (edit: gartley, if anybody wonders)
- PA is still within channel (I hope you can see it, in dark blue color)

So, in my opinion, intraday we had a nice short. But ATM, I'd be closing short and would stay away. I don't have a clear picture, so I can guess that we'll have another push higher before we would see continuation down to confirm HTF bear count with break of the channel or we'd continue up with the break of the channel to the high and beyond. Right now I see no swing entry.

But as you know, I'm not a position trader, so this is just a practice HTF analysis for me.


BR

http://charts.mql5.com/3/217/eurusd-...markets-as.png
  • #431
  • Edited 7:54am Dec 2, 2013 7:21am | Edited 7:54am
Quoting tp0440
Hi Bass. Personally, I'm not sure what to think about EURUSD. I exected short a while ago and it just didn't come. Probably you know all of this already, but bellow you can find: - possible EW scenario for bear. Alternative is of course bullish, but the move down seems to be motive. Wave 1-5 were as good as they can possibly be. - We can see a potential pattern in play, but is not yet fulfilled or triggered (edit: gartley, if anybody wonders) - PA is still within channel (I hope you can see it, in dark blue color) So, in my opinion, intraday we...

Thank you T. for your input, we got another Dollar boost in the form of a Positive more than expected US ISM Manufacturing PMI. Silver and Gold trying to break their support with the Dollar strengthening all over the Board.
These US economy positive news should strengthen the bets on a Fed tapering ASAP which in return should strengthen the Dollar, the same mind games that everybody is playing since 6 Month now, the NFP this Friday should be almost the line in the sand with a host of other Important news events that should promise us a huge surge in volatility and markets shop:

US : Payrolls, ISM, GDP, Beige Book, Trade Balance, Housing, UMich Svy.
EU : ECB, BoE, Ger Factory Orders, EZ PMI, UK PMI.
It's A Crazy Busy Week For The Economy — Here's Your Complete Preview

Enjoy,
B.R.
Master Your Setup, Master Your self. (NQoos)
  • #432
  • Edited 7:49am Dec 2, 2013 7:34am | Edited 7:49am
Good Monday read :
HSBC China PMI Beats Expectations At 50.8
10 Fantastic Apps For Finance Geeks
Suddenly People Are Realizing That QE Might Be Deflationary
The UK Is On Such An Impressive Tear Right Now
This One Chart Shows Where All The Important Economies Are Right Now In The Growth Cycle
French Manufacturing Is Still Looking Very Ugly
Greece Just Hit A Major Milestone In Its Economic Recovery
Italian Manufacturing Just Hit A 2.5 Year High
MORGAN STANLEY: Five Big Things Need To Happen For The Global Economy To Boom
UH-OH: Spanish Manufacturing Just Took A Severe And Unexpected Dive
It's A Crazy Busy Week For The Economy — Here's Your Complete Preview

I had to add this before ending this post:
This Is What A Trillion Dollars Looks Like
enjoy,
B.R.
Master Your Setup, Master Your self. (NQoos)
  • #433
  • Dec 3, 2013 5:24am Dec 3, 2013 5:24am
So much for EURUSD short. Bellow also detail h1 from my picture above and where bounce happened.

The assumption of closing all short positions was correct. A strong long signal was also given as seen bellow. Reasons:
- overall trend
- RSI (TDI) signal
- extreme divergence
- bottom of channel (again, dark blue line)
- PA channel break to the upside
- break of EMA
- ABC pattern long
... so... A LOT of reasons to go long and disregard (for now) short.

http://charts.mql5.com/3/229/eurusd-...rkets-as-2.png


If I'd be half as good on position trading (had the nerves to hold them), I'd be super happy.


BR
  • #434
  • Edited 7:00am Dec 3, 2013 6:49am | Edited 7:00am
Quoting tp0440
So much for EURUSD short. Bellow also detail h1 from my picture above and where bounce happened. The assumption of closing all short positions was correct. A strong long signal was also given as seen bellow. Reasons: - overall trend - RSI (TDI) signal - extreme divergence - bottom of channel (again, dark blue line) - PA channel break to the upside - break of EMA - ABC pattern long ... so... A LOT of reasons to go long and disregard (for now) short. {image} If I'd be half as good on position trading (had the nerves to hold them), I'd be super happy....

I don't think this weakness is over yet, i believe its over when i see the PA broke his last high or @ least his lately established short term DTL (Down trend line) or like jesse used to call it "the continuation pivotal point", anyway this shop and like i said yesterday is expected this week.
I just wanna note that a Harami candle pattern is been formed yesterday and that's a bearish sign on the Daily.
Master Your Setup, Master Your self. (NQoos)
  • #435
  • Dec 4, 2013 6:46am Dec 4, 2013 6:46am
Quoting bassramy
{quote} I don't think this weakness is over yet, i believe its over when i see the PA broke his last high or @ least his lately established short term DTL (Down trend line) or like jesse used to call it "the continuation pivotal point", anyway this shop and like i said yesterday is expected this week. I just wanna note that a Harami candle pattern is been formed yesterday and that's a bearish sign on the Daily.
i agreed that there is signs for reversel for the euro, why the gold goes up ,what do u think? any reason
  • #436
  • Edited 7:55am Dec 4, 2013 7:43am | Edited 7:55am
Quoting nizar a n
{quote} i agreed that there is signs for reversel for the euro, why the gold goes up ,what do u think? any reason
This is the normal reaction of the markets, after slashing through horizontal and long term UTL support with a vengeance traders are taking some profits before the next leg down, another very important horizontal support is waiting a little bit below @1180 if it wasn't for this support I would have placed a sell limit order @ 1237.50 to join the down trend from value area, but the R:R is simply not in my favor, this is one of my MRM cardinal rules, I don't take trades less than 1:2 risk:reward.

On the other hand my silver trades are well in profits because I shorted this instrument @ 21.85 and I scaled in shorts 2 other positions targeting 18.50 and beyond if it doesn't give a good reason to close.

Best,
B.R.
Master Your Setup, Master Your self. (NQoos)
  • #437
  • Dec 5, 2013 1:07am Dec 5, 2013 1:07am
Gear up boys for another 2 ADR Days .
Be careful for the extra volatility in the markets.

Best.
B.R.
Attached Image (click to enlarge)
Click to Enlarge Name: Calendar.png Size: 80 KB
Master Your Setup, Master Your self. (NQoos)
  • #438
  • Dec 5, 2013 1:16am Dec 5, 2013 1:16am
Quoting nizar a n
{quote} i agreed that there is signs for reversel for the euro, why the gold goes up ,what do u think? any reason

Look at my first picture. EUR is in potential down move, BUT is in pullback time. Remeber, I'm intraday. For me, d1 wave 2 is time to go long. And even now, the end of wave 2 is not confirmed. As I predicted, EURUSD did go further up, but we are in at interesting level to start wave 3, which should be strong. IF the count is correct, that is.


BR
  • #439
  • Dec 5, 2013 4:32am Dec 5, 2013 4:32am
To Read
Things That Make You Go Hmmm...
Master Your Setup, Master Your self. (NQoos)
  • #440
  • Dec 5, 2013 6:36am Dec 5, 2013 6:36am
Excellent numbers being released from the US and Canada :

US Gross Domestic Product, 3rd quarter 2013 (second estimate)
US Unemployment Insurance Weekly Claims Report
Canada Building Permits, October2013
Jobless Claims in U.S. Unexpectedly Decrease to Two-Month Low
Economy in U.S. Expands at 3.6% Rate on Bigger Inventory Build US GDP: much of the improvement came from additional stocking up on inventory by businesses. "Growth" boosted in 3Q at expense of 4Q.

Euro is flying high, GU is stable, EG broke his DTL on tapering bets.
Master Your Setup, Master Your self. (NQoos)
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