Time To Start Paying Attention

I’m sensing an increasing amount of mental exhaustion right here in the comment section. I can’t really blame you as it’s perfectly natural to start feeling frustrated after several weeks of sideways volatile market conditions across all four verticals (i.e. equities, bonds, forex, futures). However – I think I have done a pretty good job of keeping you guys out of trouble, plus things are slowly coming into sync here. I can’t promise that we’re at the cusp of a new (and hopefully more directional) market phase – but judging from the roster of setups waiting in the bullpen below I think it’s time to start paying attention again. So let’s get to it!

2015-04-27_spoos_update

Boy did I have it wrong on the E-Mini this morning – my prognosis was that we’d hit the ground running after around 2115 but as soon as it happened the tape turned on a dime. I did however anticipate the possibility of a last kiss goodbye move to the downside, so if you catch the Es near its 100-hour SMA then a small long entry has pretty decent odds. If 2103 fails then we may be dealing with a false break out and that means we’re back in hell for another week or two.

2015-04-27_copper_update

Copper campaign update – great entry this morning and she’s looking hot! Moving my stop to break/even now.

2015-04-27_NZDUSD_update

NZD/USD – even better entry and my evil plan seems to be unfolding as planned. Also moving my stop to break/even here.

2015-04-27_USDCHF_update

USD/CHF – now that was interesting! That blue line signifies the daily NLBL at 0.9493. I grabbed a long position right after that touch and my ISL remains below 0.9493. Still early in the game however and we could see another drop lower.

2015-04-27_eurusd_setup

We got a ton of juicy looking setups today – here’s the EUR/USD which (much to my chagrin) appears to be bent on pushing higher. I am waiting to grab a long near 1.086 with a stop below 1.0818.

2015-04-27_AUDCAD_setup

AUD/CAD – long here with a stop below 0.9475. Definitely like that formation on the daily.


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Cheers,

Monday 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.

2015-04-27_spoos_update

The E-Mini continues to accumulate short term context but I would still not rule out another retest of the previous upper diagonal (~ES 2106). However, that said – this break out thus far has no meat in it and it’s do or die time here. The NQ is the most bullish index right now with the Dow also lagging behind.

2015-04-27_USDCHF_briefing

The USD/CHF keeps teasing us and after a little fake out spike higher we’re back near previous lows where we’ve accumulated a stack of daily NLSL. So my mission is clear – long near 0.952 with a stop below 0.9493. Below that I’m going to be short with a stop above today’s 0.952.

More short term setups are waiting below the fold – please grab your secret decoder ring and meet me in the lair:


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

Cheers,

Thursday Morning Briefing

The volatile market conditions over the past two weeks have greatly diminished by appetite for taking short term setups. What we have seen especially on the Forex side borders the spasmodic and the more difficult/random the conditions the less I participate. No sense in forcing the issue as it’s not a matter of skill or experience. After all you wouldn’t take off in a Piper in the midst of a hailstorm either, right? So let’s apply the same common sense to navigating the tape.

2015-04-23_AUDJPY_briefing

AUD/JPY – I looked at this chart for quite a while after it caught my initial attention. What I like on a short term basis is that it’s not too busy blasting off in the opposite direction out of the blue. The daily context is mixed in that we’ve been trapped in a pretty nasty sideways range for over a month now – very much representative of the current  market conditions. I am long here 1/4R with a stop below 92.45 for the off chance that it manages to break above that daily NLBL at 93.03.


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Cheers,




    Zero Indicator


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    1. Time To Start Paying Attention
    2. Monday Morning Briefing
    3. Thar She Blows!
    4. Thursday Morning Briefing
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