Friday 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.

The E-Mini has been soldering higher overnight and as I’m typing this is already above our IP-L trigger whilst nibbling on that NLBL that still stands in the way. A push above it would trigger a long.

However if you are a sub then you know that I’m already long as I liked the Russell futures quite a bit better. Smaller range on the previous candle, we were already above the NLBL and the push above 1,197.5 triggered my long. FWIW – the bulls are far from being out of the woods just yet. This entire configuration is highly ambivalent and a reversal here still has good odds. I’m sticking with price but am prepared for possible whipsaw. That’s why I’m only playing 1/2R and plan to add the next 1/2 at the 1R interval (if we get there).

More goodies below the fold…


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,

Thursday 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 converging SMAs on both the TF and NQ this morning. Based on the recent closing candle we have an IP-L and an RTV-S within a relatively small range, so feel free to buffer your ISL by a few ticks.

Same setup on the NQ – again the triggers are on the chart. Both setups are good until 10:00am EDT, possibly until 11:00am EDT if we don’t get a breach either side. If you are unfamiliar with the rules please check the cheat sheet.

We’ve got solid setups on the futures and FX front this morning – my favorite one actually is on the Dollar. 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,

Thursday 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.

In case you care – good news – the Mole is still alive and kicking. Like weed I’m hard to kill (but easy to smoke). The chart above answers any questions you should have on our current YM campaign. Looks like they’re testing the weak hands. We had no excuse to close out at 1R as we missed the mark by one measly tick. That is if we add one to the top bottom of the previous candle – well, we do – so get over it. Our stop remains where it is – we’ve got a pretty good buffer, so let’s see where this one takes us.

A lot of nice action on the FX side this morning – here’s the USD/CAD which is retesting its 100-hour. I’m planning on a long above the NLBL and 25-hour SMA near 1.094.

More below for my intrepid 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,





    Zero Indicator
  1. recent misdeeds

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


  3. swag outlet!

    Evil Speculator SWAG Outlet!


    NinjaTrader
    Kinetick

    search warrant