Setups Galore 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.

We’ve got a ton of juicy setups this morning and equities are looking like they may ready to make a move. So grab a cup of java (or tea) roll up your sleeves and be ready for action – time to have some fun. So the GBP/JPY carry trade pair is still pointing down. If you look at recent shot term divergences you note that the pair always won.

However, I’m willing to consider both directions this morning, the potential for a fast move on either side is just too delicious to pass up. The Russell futures are treading water and are now facing a NLBL and a NLSL just a few ticks away. You know what to do – take a breach and use the inverse as your stop. DELICIOUS!!

I provided a bit more detail on the YM chart – very same setup. I mentioned ‘short until then’ but I should have said ‘short below the NLSL’.

The spoos not giving us ideal entry conditions and I would probably stick with the former two. However if it pushes above the SMA/NLBL combo then the bulls may just muster up the mojo to climb a few handles. Otherwise it’s looking pretty sad down here on the equities side. Bears rejoice but don’t get carried away.

But we’re just getting warmed up. Check out this beautiful configuration on the Dollar – I expect a big move coming and once again we have a small range separating the respective triggers.

More below the fold – please join me in the lair:


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.

Cheers,

Tuesday 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.

That’s right – back to work bitches! The next holiday on the horizon is Lincoln’s birthday (screw president’s day) on February 17 and then we should be good for a few months. Truth be told I actually enjoy the holidays as it gives me a chance to catch up on my chores. The new version of Heisenberg got deployed yesterday and it’s already kicking ass and taking numbers. It’s not too late – you can still sign up for the free beta. I also beefed up the documentation – please take a peek under the Heisenberg menu bar above.

Now since it’s been a few days since we looked at equities let’s get an overall feel of the situation first. Above you see the hourly/daily panel and on both we are looking at solid support thus far. Which leads me to our morning setups:

I don’t see anything on the event calendar that would affect U.S. equities right now. Thus I’m waiting for a breach of that NLBL at 1840.5 – if breached I will be long with a stop below 1836.

The NQ is even looking sweeter IMNSHO – both short term SMAs are converging and our trigger is at 1,605.5. Put your stop below the SMAs and Bob’s your uncle.

We have plenty more goodies for the subs – please join me in the lair:


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.

Cheers,

Welcome To The House Of Pain

I’m not going to sugar coat it – the tape across equities has been nasty. I’m getting the distinct feeling that the inside crew is in a foul mood and is now reaching for the cattle prods. That’s right – everyone is getting some this week – seems the only way to win is not to play. Let’s review the trainwreck on the equities side after which we proceed to some actual tradeable setups. Yes, they exist – it’s the ones you guys keep ignoring ;-)

So here we are – welcome to the house of pain! They’ve punched it higher and I now blew my second R on a double IP whipsaw (one short and one long). Now we are painting another inside candle as of right now and I normally would be disturbed enough to consider taking this one. However, the VIX is rubbing me the wrong way:

Once again we’ve got the VIX running higher since the open – along with equities. The Mole is not pleased.

And then there’s this – seems 30-day IV is dropping (not gaining – sorry for the hickup on the chart) against 3-month IV. Or 3-month IV is gaining against 1-month IV. Either way it’s suggesting a possible shake out ahead and I don’t like it. So I’m going to give this one a miss – I don’t have to play equities after all – plenty of other goodies around.

Since you regular players are MIA I’m going to make this a freebie. Time to spread the love and bring in some fresh blood it seems. Gold now sitting on top of its 25-day SMA and I love these types of setups – often we are talking last kiss goodbye. Plus we’ve got an inside day candle and that gives us bi-directional entries.

Platinum – same idea but here we’re pinned below the 100-day SMA. Could go either way and I love it. Plus the candle range is small – allowing a nice R size – of course downside is whipsaw risk.

Bonds – back at the 25-day and we are talking IP as well. Great setup near context as the 25-day has been observed in the recent weeks.

EUR/JPY – beautiful IP on top of it 25-day SMA. I think we’ve got a theme today.

NZD/USD – back at the upper diagonal and we’ve got a double inside day candle. Purrfect – the odds are slightly higher on these and once again I love the context.

If you’re a noob and don’t know how to play these candle patterns then look no further than our handy cheat sheet. Or drop a comment via disqus below – we’re happy to sort you out.

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,





    Zero Indicator
  1. recent misdeeds

    1. The Squeeze Is On!
    2. Return Of The Market Mole
    3. We have a potential long setup here, but it sucks
    4. Start of the week
    5. Scott’s market update
    6. TARDIS Trading Techniques
    7. Thursday Morning Briefing
    8. So Far So Good
    9. Wednesday Morning Briefing
    10. Bounce It!
  2. poll


  3. swag outlet!

    Evil Speculator SWAG Outlet!


    NinjaTrader
    Kinetick

    search warrant