ETMA_The Evolution

Beautiful Bearish pinbar coupled with a double top if not triple, waiting to see the close of the day, week and the Month.

To read today,

Bonds Are Tanking And Stocks Just Blasted To A New All-Time High
Pending Home Sales Miss Expectations
CONSUMER CONFIDENCE UNEXPECTEDLY RISES
GDP REVISED DOWN
A 10-Second Guide To What Traders Are Chatting About This morning
10 Things You Need To Know This Morning
Big Cut In Fourth-Quarter GDP Growth Looms
CHICAGO PMI UNEXPECTEDLY RISES
Fannie Mae Is Surging Like Crazy, And Big Hedge Funders Are Making A Killing

Enough for today.
Best,
B.R.

These are the kind of the Pinbars that i look for. Here is a good in depth link to understand this strategy more.
http://www.learntotradethemarket.com...ing-definition
http://www.learntotradethemarket.com...ys-inside-bars
http://www.learntotradethemarket.com...method-s-and-r

Best,
B.R.

Important to start the week.

Forex Weekly Trading Forecast: Risk Trends Breakout before a Week of NFPs and ECB

Best,
B.R.

To read,

There Are Four Big Central Bank Meetings This Week
HSBC China PMI Falls To 48.5
Japan Gets Slammed On The Open, US Futures Fall
Markets Are Going Down
Warren Buffett's 23 Best Quotes About Investing
9 Things From Warren Buffett's New Shareholder Letter That Had Us Talking
Here's What Traders Are Reading On This Very Busy Weekend
DEAR EAST COAST: This Is A Satellite Image Of The Storm That's About To Wallop You

And last but not least to prepare this extra volatile week, It's Going To Be Huge Week For Economic Data — Here's Your Complete Preview

Best,
B.R.

4th pinbar on the same level, worth looking at and trade.

Watch out for gold coming closer and closer to resistance.

Italian services beat expectations, EUR Services beat expectations, EUR Retail sales in less than 10 minutes, why is the EU collapsing after such good numbers and before the Retail sales numbers, does the big boys something that we do not about the Retail sales and the GDP ahead of time, i guess we have to wait 5 Minutes and see.

Update: and now recovering before the Retail sales forming Pinbar on Resistance, what's going on guys, the numbers is not out yet !!!!...
After the Fact : Can somebody explain to me why the EU Broke his H1 support even that the retail sales came better than expected, way better almost the double.

The regular beginning of the Month ADR Day, and tomorrow will be the same with lot of Red news events.

Like every month the first week will be full of volatility, good numbers came out of the US today, the euro tested and broke his resistance levels, i saw a strong Bullish momentum since morning and with the break of his DTL, the good news from the ECB and the US it was doomed to rally.

Best,
B.R.

EUR/USD: Enters Topping Zone, broke resistance and close above on the H4 TF, remain our Long term DTL as resistance to be broken.

http://www.efxnews.com/sites/default.../mar14/w28.PNG

Meanwhile, BofA thinks that USD/JPY corrective squeeze higher is drawing to a conclusion.
"Gains should be limited to the 103.67/103.11 before resuming lower for the 200d (100.22) and below," BofA projects.
"Back below 102.61 confirms a top and turn," BofA adds.

http://www.efxnews.com/sites/default.../mar14/w27.PNG

Multiple divergence all over the Board, waiting for the NFP to come out to close the week.

Best,
B.R.

The big boys started to sell EU Before the release, a close under his UTL is printed with a retest of the broken resistance turn support already under way on the M5.

A beautiful bearish pinbar on both horizontal and trend line resistance is underway on the EU, nice week end surprise, hope it will last until the close.

And it did, but not that convincing pinbar, notice the close is above the previous Bar and the wick is small, more confirmation will be when the close is below the previous bar's high and the wick is longer and the open to the close is less than 10% of the bar ( is this case its about 25% ), any way let's wait and see, time is the perfect confirmation tool.

Noticing a good divergence on the H1 also which means a short term retracement is in order.

For your eyes only. ES, GU and Gold.

Eu broke support today on the comments of ECB's Constancio says financial markets misinterpreted us a little, is it gonna last, crowd sentiment is bullish, everybody is talking about the EU going to 42'sh, instead we got this break down after a not so convincing Bearish pinbar on resistance.

A lot of bullish divergences on the charts on the H4 the CCI is crossing the 100 down and the PA is on his way of forming a bearish pinbar rejecting resistance but still too early for the day.

Took profit on EG Resistance and trying to short with a tight SL, reasons = top of the range, Overbought with multiple divergences on multiple Resistance let's see if its gonna go our way.

Best,
B.R.

Is this a Descending triangle breakout or a fake out, very soon we will see, PA is retesting the Down trendline or the Ceiling of the Triangle, if it breaks to the upside than this will be considered a fakeout, if it will be rejected from it i will scale in short 1 more mini lot, divergence is clear and the oversold conditions lead us to the Fakeout more than the break, there is also a clear inverted head and shoulders on the M5 with the Neckline being broken to the upside.

Update: EU Rejected on Trendline Resistance forming a mini Pinbar, let's see if it gonna follow through down or take another try up, the AU is testing his UTL one more time today.

1. Dollar Climbs Versus Major Peers on Prospects for Higher Rates
2. U.S. Stocks Drop as Fed's Yellen Outlines Stimulus Exit

We've got a trend changing FOMC Statement yesterday, FOMC Statement, dollar rising all over the Board on higher rates and risk assets are nose diving, Yellen and the Fed Go Dark, the update will tell us that the long waited EU Drop is finally materializing and so is following the risk assets for a Risk off environment, much early to talk about a collapse but it took the Markets 2 weeks to finally heard what Draghi said about the EU price target that he wishes to see in the coming year.


Is this an early "sell in may and go away", i guess we have to wait and see like always, mean while here is something to keep u company.
On the technical side the EU broke his LT UTL and still falling like a knife past his ADR and it seems that its consolidating now with a strong divergence on the H4 CCI.

New Paper Says That Chart-Obsessed Technical Analysis Traders Are Fantastic At Losing Money.
Janet Yellen's 'Six Months' Comment Isn't Really Too Shocking
STOCKS TUMBLE AFTER YELLEN SAYS 'SIX MONTHS': Here's What You Need To Know
This Is Where The Real Life 'Wolf Of Wall Street' Lived
Janet Yellen's First FOMC Press Conference
FED DITCHES THE EVANS RULE

Enjoy,
B.R.

Something that caught my eyes while researching and i like to share it with you because this is exactly how i feel, and how it should be.

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Have a good weekend.
Best,
B.R.

A clear heads and Shoulder Pattern that is worth trading and the Neckline has been broken and retested with a clear rejection.