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Archive for October, 2015
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Happy Halloween

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October 30, 2015

Happy Halloween

Not much going on out there and I’ve been slinging some code in favor of watching the proverbial paint dry. On the equities side we seem to be pushing sideways again which is a bit surprising:

The volume profile on the E-Mini is showing us inside quite a bit of activity and I didn’t anticipate this type of tape until 2100 mark. Then again it’s Halloween and quite a lot of folks are busy squeezing themselves into silly costumes in anticipation to get wasted. Now that’s a strategy I can get behind of!

Gold is starting to look a bit frisky here and I am looking forward to a solid retest of the 100-day SMA. Once that happens [...]

1574
 

Lazy Thursday

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October 29, 2015

Lazy Thursday

Equities are holding pretty strong after yesterday’s FOMC tea leaf interpretation panic stop run. I don’t assume that many of you are still holding any long positions but if you are then I suggest you simply continue to trail and let things run their course. On the setup side I’m seeing very little of interest today. The two exceptions:

GBP/CAD is a long here – my stop has been placed below that spike low on the hourly. I very much like the configuration on the daily panel as I’m seeing plenty of support below.

EUR/AUD – also a long here with a stop a respectable distance away, below 1.53. I’m not certain if [...]

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MOMO Update

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October 28, 2015

MOMO Update

I may as well move my butt to Australia now as most of the productive discourse in the comment section seems to be happening during nighttime in the U.S. Much of this clearly is due to Scott’s untiring willingness to lend a helping hand. And as grateful as I am for his contributions I am however horrified by the level of inexperience reflected in many of the questions. Clearly over the years we’ve seen a quite a bit of reshuffling here in our audience. Just go back a few years and look at the comment stream – many of those people have long disappeared. Some of the old timers retired (hopefully happily and flush), others chose to move on after having reached self [...]

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Stop Snag

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October 27, 2015

Stop Snag

My trailing stop on the ES just got snagged and that concludes my current long campaign. The snapshot below was taken before my stop got taken out – but based on the candles present in the early morning I pretty much knew the writing was on the wall.

Whether or not I jump back in depends on the context we’re going to produce over the coming days. I may be temped near the 100-hour which currently sits at 2048 on the spoos. However my favorite scenario would be a more thorough one retesting the base near 2020 – that scenario currently only has a ~30% probability however.

EUR/AUD – beautiful entry here still near the 100-day SMA. We [...]

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