Wednesday Morning Briefing

Welcome to our morning briefing. Here we are reviewing short term setups ahead of the NYSE opening bell. If you are a scalper or swing trader then these setups may be of interest to you. As usual keep in mind that these are short term setups although they could be used as early entries for more longer term positions.

Nice short term setups across the board this morning except on equities. However here we do now have an RTV-L setup active courtesy of yesterday’s close lower. It’s also a hammer long in an uptrend – so that gives us two technical trigger. Entry and stop on the chart – as of this writing we’re getting close…

Gold weaving its way lower and I would be short on a breach of the current hourly Net-Line Sell Level. Stop will be above the 1300 mark – give it at least a handle or two as ST volatility has been very low and it wouldn’t be unusual to see a quick counter spike.

EUR/CHF – this one is a bit unusual compared with what I usually post here. Two entries – one right here on a breach of the already expired NLBL at 1.2155 – and two on a drop lower toward ~1.215. Not interested in the short side here.


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Today’s event schedule:
Welcome to our morning briefing. Here we are reviewing short term setups ahead of the NYSE opening bell. If you are a scalper or swing trader then these setups may be of interest to you. As usual keep in mind that these are short term setups although they could be used as early entries for more longer term positions.


More charts and commentary below for anyone donning a secret decoder ring. If you are interested in becoming a Gold member then don't waste time and sign up here. And if you are a Zero subscriber you get free access to all Gold posts, which gives you double the bang for your buck!

Please login or subscribe here to see the remainder of this post.

Today’s event schedule – quite a bit of volatility risk on the CAD side:

And here’s the spike controller for you Forex traders:

You have been briefed – now have fun but keep it frosty. See you guys later this afternoon.

Cheers,

Wednesday Morning Briefing

Welcome to our morning briefing. Here we are reviewing short term setups ahead of the NYSE opening bell. If you are a scalper or swing trader then these setups may be of interest to you. As usual keep in mind that these are short term setups although they could be used as early entries for more longer term positions.

Equities have pushed higher yet overnight but my current stop remains at 1.2R for good reason:

I’m happy but a bit paranoid about that divergence on the GBP/JPY which is now extra pronounced. So let’s keep our emotions tight and our stops loose ©.

If any signs of a reversal emerge we should look at our 25-hour SMA for possible support. Or if you want to hedge your current position then perhaps be short (or long puts) below ES 1908.

Crude looking like a good long above 104.37 – my stop would be below the 100-hr at 104.05.

USD/JPY – nice little entry there yesterday if you managed to grab an R or two. We may get another opportunity today – I’m already long right now with a stop below 101.81’5 (changed my mind after seeing that NLSL).

Public Service Announcement:

If you signed up for Heisenberg then be aware that I have not deployed the latest version yet. Which means there are no Jabber alerts just yet just emails. I’ll probably deploy it over the weekend as I’m doing some refactoring.

 

It’s not too late – learn how to consistently bank coin without news, drama, and all the misinformation. If you are interested in becoming a subscriber then don’t waste time and sign up here. The Zero indicator service also offers access to all Gold posts, so you actually get double the bang for your buck.

Cheers,

The Return Of Heisenberg

No, unfortunately Walter White didn’t mysteriously return from the grave. But this is almost as good and I don’t think I’m exaggerating. Yes, you guessed right – it’s ba-aack! After weeks of fine tuning and internal improvements we have decided to once more unleash Heisenberg (our trading strategy) onto our intrepid steel rats – which is you guys.

It’s better – it’s bigger – and it’s got a bad attitude. So why did we pull it in the first place about two months ago? The answer is complicated but I’ll try to explain. The entry logic has not changed at all – what has is the pre-conditions that qualify the entry logic to kick in. And by that I mean certain proprietary methods (not unlike those used by Walter White) that allow us to carefully target our victims and get positioned for maximum impact.

Of course none of that makes any sense to you and that is the general idea as Heisenberg is proprietary and will always remain to be so. The basic entry rules are very similar to CrazyIvan but that is where the resemblance ends. Heisenberg is a lean mean trend trading machine whose sinister activites are fueled by the mental anguish of the hapless victims that find themselves on the other side of its trades.

Above I have pulled a screen grab of the current campaign on the E-Mini and this is not cherry picked – we have been testing it on the Forex side for weeks now with outstanding results. The average expectancy is a mind boggling 0.65R – yes, you read that right. And on the E-Mini it’s closer to 0.7R – which is outright insane.

How do we do it? You guessed right again – magnets – of course! And best of all – it’s still in beta and thus absolutely and deliciously FREE. Gratis para todas las ratas que hablan español.  Meaning you can sign up right now to receive real-time email and Jabber alerts. I haven’t updated the Heisenberg tutorial yet but if you want to receive the latter than follow the instructions on the CrazyIvan page.

Campaign Update

Equities have been holding steady over the weekend despite some very surprising results in the European elections. I guess it’s time for us Germans to start munching on cheese and baguettes as the French apparently are the right wing extremists now. Nah, I’m joking – given European socialist standards ‘far right’ means they’ve moved a bit closer toward what would make for moderate Democrats over int the U.S. What the article doesn’t really make clear is that the French nationals didn’t just make it into the European parliament – they completely swept the election!

Anyway, enough of the politics – we usually keep it to a minimum here at Evil Speculator. Why? Because we’re more concerned with banking coin as that allows us to buy us our own select group of politicians. If you want something done just buy yourself a mayor or perhaps a state senator and see it get done! Of course I’m kidding folks – we all know that money doesn’t play any part in American or European politics.

Speaking of banking coin – our E-Mini campaign is doing pretty well at this point. I’ve moved my stop a bit above the break/even point now (i.e. 1.2R). I’m playing this campaign Heisenberg style as we may have a runner here – which means giving this plenty of room to stage a reversal before it takes off. And probably with good reason:

Once again some storm clouds on the GBP/JPY correlation – be prepared for a little courtesy shake out post our Memorial Day weekend. FWIW – I was coding all the way through – no idle time for this lowly Mole.

Here’s the hourly panel and it shows us some support courtesy of the 25-hour SMA. But I wouldn’t play that one right now – better opportunities on its brethren – and then some – roll up your sleeves as we have work to do!


More charts and commentary below for anyone donning a secret decoder ring. If you are interested in becoming a Gold member then don't waste time and sign up here. And if you are a Zero subscriber you get free access to all Gold posts, which gives you double the bang for your buck!

Please login or subscribe here to see the remainder of this post.

Have fun but keep it frosty!

Cheers,





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