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June 13, 2013

Fifty-Two Shades Of Pain

While trading the swings has been fun in the past two weeks I can understand if some of you may be running out of patience at this point and are perhaps even considering to throw in the towel. As a trader it’s very important to constantly self-analyze your emotions – in a way you have to become your own personal shrink (unless you can afford one sitting next to you during trading hours). It’s certainly frustrating to be just ticks away from a juicy long setup, only to be followed by a systematic sell-off. A day later we are a mere bagel throw away from a weekly short setup, and up she goes again. Whatever your emotions tell you – do your best to ignore them. [...]

 
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May 8, 2013

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.

Gold on the run this morning and it’s approaching its 100-hour SMA. We should see some resistance there but don’t be hasty and wait for the candles to slow down.

Forex is off the hook this morning. Let’s start with the USD/JPY which is preparing for a big move. Which direction of course is the big question. I do like the [...]

 
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April 23, 2013

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.

While equities are slowly bubbling higher (a.k.a. ‘the slow bear roast’) I’m not seeing anything exciting on the setup front. The only three piggies I was able to hunt down were hiding out in the Forex cave. Here’s the USD/JPY still in the process of testing its 100-hour SMA. There’s also a NLBL right above which is [...]

 
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December 23, 2012

Figure Pointing

This will be my last long term update for this year and as such let’s revisit some of our trusted point & figure charts. I must say they all have been rather lovely companions all through 2012 and I expect to keep this tradition alive in the coming year as well. Despite recent gyrations the medium to long term picture continues to be positive on the equities side:

For several weeks now our bullish price objective has been 1510 and I think as long as that diagonal support line on the P&F holds up the prospect of new highs remains in play. A drop through 1420 may trigger a shake out and would probably reverse the bullish price objective. This leaves us with [...]

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