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Archive for May, 2014
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What’s Been Cooking

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May 30, 2014

What’s Been Cooking

I’m still performing some last minute testing on the new release of Heisenberg which I’m planning on deploying this weekend. However due to the amount of emails I have received I wanted to share some of the campaigns of this weeks as a little sneak peak of what to expect:

Here’s the EUR/AUD which triggered short yesterday. I got to 1.2R and then took 1/4 profits. The rest it held overnight and then reached 2R after which it unfortunately got stopped out this morning near the 1.2R mark.

Here’s the E-Mini on the 26th and 27th – the first one was a 3+R winner and the second one made it to 1.2R, took 1/4 profit and then got [...]

2103
 

Flying High

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May 29, 2014

Flying High

The ES futures are tickling 1914 (our all time high) right now and that suggests we may see a squeeze all the way into the close. We are currently seeing reversal signs across but this is one of those situation where you simply have to listen to price as we could easily see a blow off top before we ever see any signs of a correction. Wouldn’t be the first time, right?

Let me first show you what’s irking me. For one there’s that divergence on the VIX:VXO – it’s subtle however and I may just be paranoid. But then there’s also this:

At least until just recently when we touched the old highs the VIX has been rising along, [...]

1506
 

Wait And See Thursday Morning Briefing

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May 29, 2014

Wait And See 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.

We have the Q1 GDP numbers waiting in the bullpen this morning at 8:30am EDT and I’m not touching equities or any USD pairs until this has played out. Which unfortunately leaves us with very little!

The only play worth considering is a possible long on soybeans if it manages to breach that NLBL at 1507.5. It’s pushing higher on [...]

1655
 

Time To Take Profits

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May 28, 2014

Time To Take Profits

Equities continue to defy gravity but at the same time we’re accumulating evidence that a shake out is nigh and that means I’ll be bowing out of our current long campaign on the E-Mini. If you’ve traded along then I encourage you to at least take partial profits here – let me show you what I’m looking at:

We’ve earned about 1.5R at this point and although it’s nothing to write home about it’s money in the bank and we’re taking it. Actually if the trigger had been a bit smaller I may have simply tightened up my stop but the current potential for a shake-out suggests that it’s best to cut out here and reload at [...]

2354
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