Happy 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.

2015-06-01_spoos_briefing

The week is hitting the ground running it seems. As Skynard mused in the prior post – we are most likely going to see a spike in volatility here today. The spoos are looking super juicy here as we are tickling support and it’s my patriotic duty to grab a long position with a stop below 2099. Below that we’ll probably drop into whoknowshowlow. Which means I’ll swap for a short if stopped out.

2015-06-01_ZB_briefing

The 30-year bond futures are also sitting on a binary inflection point – long above the NLBL and short below the rising 100-hour SMA which is also backed up by a NLSL. Bonus point – you won’t have to roll for a while if it starts trending, so stop futzing about and get on with it.

2015-06-01_gold_briefing

Time to strike while the iro… uuuh gold is hot – a stop below 1180 should do the trick. This one is also short of dropping off the plate which means I’m open to flip the script and go for shorts if stopped out. All that sideways tape has lulled you into almost slavish submission and I bet good money right now most of you rats will miss the boat once it starts trending. Prove me wrong.

2015-06-01_GBPNZD_briefing

GBP/NZD – long here with a stop below the 100-hour SMA. Who wants to live forever? Me actually which is why I’m only playing 1/2R.

You want more? Better pay up and join the club – leeches only get to see the tip of the iceberg ;-)


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.

2015-06-01_events

A bit of event risk around 10:00am Eastern – so batten down the hatches around that time. See you guys later this afternoon.

Cheers,

Extra Evil Morning Briefing

Oh boy – we are literally swimming in juicy setups this mornings. After weeks of drought we finally reap the benefits of laying patient. Time to have some fun.

2015-05-29_spoos_briefing

The spoos look extra delicious here and I’m currently 1/2R short but waiting to be stopped out at 2112 so that I can flip for a long position. The range between that and 2112 is our limbo zone – below the latter we are pushing back into bearish territory but for a slide lower we would need to breach 2108.

2015-05-29_NQ_briefing

I actually like the NQ a bit better and I’m playing a short here (1/2R) via the same script.

2015-05-29_gold_briefing

Gold – still waiting for a move here – it’s coiling up! Long above 1190.8 (or here) with a stop below 1185. I’m glad we finally rolled over.

2015-05-29_USDCAD_briefing

Tons on the forex side – long the USD/CAD with a stop below 1.24 – LOVE that configuration.

2015-05-29_EURUSD_briefing

EUR/USD – the trade I love to hate. Which is why it’s probably working out. Triggers on the chart. I kid you not, when I saw this chart last night I got dressed and ran to the ATM and literally cleaned it out – hehehe…

More nefarious market madness looming 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.

A morning like this deserves its own theme. Crank it up and have fun. See you guys later this afternoon.

Cheers,

Back In Business

Tuesday night I suddenly found myself in world of hurt when, much to my chagrin, I realized that Google had stopped supporting an older authentication method used to access Google Docs (now Google Drive). This effectively blew my strategy logging code out of the water – however, even worse, it also started crashing them. Effectively I had two choices: either find a solution as soon as possible or remove automated logging altogether. The latter was only a option of last resort and I scrambled all day to find a way to implement Google’s new authentication method into my module. Unfortunately there was very little documentation available online – Google is pretty notorious about providing sporadic support for their APIs. The best you can hope for are code examples and tutorials posted by well meaning coders who already wasted a week of their life figuring it all out the hard way.

I don’t know how but I managed to scrape together enough information allowing me to produce a fix late last night. In the end I wound up posting it online in a few pertinent threads. As you can imagine I wasn’t the only one affected and a lot of people’s production systems came to a screeching halt. Now of course it was all my fault to begin with. Google’s old authentication method has been officially deprecated since 2012 and they officially pulled the plug on the 5th – for some reason they kept it running until the 25th. I should have known better but I don’t really keep up to speed with every damn API I’m using. That’s one of the reasons why I left that industry to begin with – your work never ends and it seems every other week they’ll change something just because they can.

2015-05-28_spoos_briefing

Anyway, excellent entry opportunities this morning and I’m happy to be back in business. The spoos are back at the 100-hour SMA and I love the binary setup here, which is simple: Long above the NLBL at 2119.75 – short below 2116.75 – place your stop at the inverse trigger. Right now things are dropping lower so the bears may get their day. Seems like the bulls and bears are operating on an alternating shift now.

2015-05-28_NQ_briefing

The NQ also not looking so shabby and I like the daily context. Similar idea here really although I don’t think the downside would really get going until after 4520.

2015-05-28_EURUSD_briefing

EUR/USD – the trade I love to hate – long here with a stop below 0.1886 (it has dropped a bit since).

2015-05-28_gold_briefing

Gold – grabbing a long with a stop below the recent low. If it can’t hold 1190 I think it goes to 1170. Short trade below may be good medicine – whatever you do grab the August contract. Wow, this year is passing quickly….

Alright more goodies below the fold – please step into my 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.

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

Cheers,




    Zero Indicator


    Darth Mole Alerts

  1. poll

    • How many discretionary trades to you place per month?



      view results

      Loading ... Loading ...


  2. NinjaTrader
    Kinetick

    search warrant



  3. recent misdeeds

    1. The Game In A Nutshell
    2. Filling The Gaps
    3. Greece Saga Precautions
    4. Furious And Furious Friday
    5. Dangerous Turf
    6. Forex Update
    7. Freaky Forex Fun
    8. Gold!!
    9. Knocking On Heaven’s Door
    10. My New Soy Based Diet