Now Reading
Pay Attention Now!
62

Pay Attention Now!

Pay Attention Now!

by The MoleAugust 20, 2013

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 at shot term inflection points across the board – so pay attention! Here’s the YM which has been pinned below the 25-hour since Friday morning. Several bounce attempts have failed but the bears have been unable to push it lower (and abandon the 100-day SMA I have been posting about). As I’m typing this it’s attempting a breach and I think it’ll lure in more bids above 15,045ish.

NQ – completely sideways since Thursday but it’s getting comfortable down here near the 3080 mark and 3060 (our inflection point to the downside) has not been touched since Friday. I am trying a long here with a stop below the 25-hour SMA.

The spoos looking a bit like the YM and obviously the weakest of the triplet. I think I’ll wait for 1655ish before dipping into a long position – unless I see an hourly candle pattern I can’t refuse.

Speaking about candle patterns – here’s a screengrab of the CrazyIvan.AUDJPY.360 which enjoyed a nice ride down in the past day. That’s the kind of stuff we’d like to see! If you haven’t yet then sign up for the CrazyIvan beta trial right now – it’s FREE!

evil_separator

It's not too late - learn how to consistently trade without worrying about the news, the clickbait, the daily drama and 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.

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

Cheers,

Sign up here to receive my FREE early morning briefing:

About The Author
The Mole
Mole created Evil Speculator amidst the chaos of the financial crisis in early August of 2008. His vision for Evil Speculator is a refuge of reason, hands-on trading knowledge, and inspiration for traders of all ages and stripes. You can follow him and his nefarious schemes at the usual social media waterholes.
Enjoyed this post? Consider a small donation to keep those evil deeds coming!

BTC: 1MwMJifeBU3YziDoLLu8S54Vg4cbnJxvpL
BCH: qqxflhnr0jcfj4nejw75klmpcsfsp68exukcr0a29e
ETH: 0x9D0824b9553346df7EFB6B76DBAd1E2763bE6Ef1
LTC: LUuoD6sDWgbqSgnpo5hceYPnTD9MAvxi6c
PayPal: https://paypal.me/evilspeculator