Still In The Game

Boy that was a close shave this morning – one tick lower on the E-Mini this morning and I would be out in the woods right now kicking over trees. Just kidding – you’ve got to take things in stride, even if you get swiped by a tick. For the record – you will always see me put an ISL on my chart with a < sign – which means that you should put your stop BELOW it. In particular you always want to avoid full numbers – except on entry triggers.

2015-04-16_spoos_update

That’s where we are right now – quite a little bear trap this morning, extending all the way down to 2089 – those cheeky bastards! But let’s be honest – I got lucky here as I could have easily have scraped a bid. Better sacrifice a chicken burger to the Market Goddess tonight? And yes, of course it’s a she! ;-)

2015-04-16_spoos_setup

If you are still not exposed after Tuesday’s hammer then today is probably your next best opportunity – and it’s binary. Be long above 2104.75 and short below 2089. The daily context here is really excellent as we’re straddling that upper diagonal on our sideways triangle/wedge.

2015-04-16_CL_update

Here’s crude which has been holding steady – the weekly panel shows us kissing the 25-w SMA and that’s our first theoretical hurdle. Why theoretical? Because it hasn’t been touched in eons – which in itself speaks to the velocity on the way down. It’s still early days and we could easily switch back into shake out mode. But so far so good and my stop is still at break/even.

2015-04-16_ZL_setup

ZL – soybean oil - looking pretty good here straddling the 100-hour SMA and it’s also near the 25-day SMA. I’m going to be long above today’s highs and short below the lows.

More juicy setups waiting below the fold for my intrepid subs:


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And that’s all I got for today – keep it up everyone and let’s continue banking coin like bosses :-)

Cheers,

Well I’ll Be Damned!

I keep regurgitating the fact that having an opinion as a trader means abso-diddly nothing. Case in point are a series of previously juicy looking futures campaigns which quickly met their maker either last night or earlier this morning. Gone are my sugar long, the coffee short, copper short, and the silver short. All of them seemed ready to put the pedal to the metal but wound up being led to the woodshed in the end. Fortunately I had the good sense of advancing my stops to the break/even mark when I saw a consolidated reversal across the board. I’m not much of a correlation trader but I can take a damn hint ;-)

2015-04-15_spoos_update

But strangely the campaigns I was most skeptical about are now progressing nicely – at least thus far. Last night’s long entry on the spoos was rather experimental and I’m still not convinced that this thing resolves higher. But on the off chance that it does then we may get the squeeze of all squeezes and I’m well positioned to ride it all the way. My stop has now been advanced to the break/even mark – officially joining the strong hands club.

2015-04-15_crude_update

Speaking of which: Crude is finally off to the races and there’s someone smiling over in the Kremlin tonight – and of course down here in Valencia as well. The lowly Mole tried three times to catch a seat on this particular bus and it seems my efforts are in the process of finally being rewarded. It’s not impossible to expect a retest of the 100-day SMA but the odds thus far support continuation – perhaps after a obligatory shake out candle or two. My target is 64 – yes, that’s right, I have nefarious plans for this one. Crude world domination is only days away ;-0

Well, that’s all I have to offer tonight – I’m running a bit late over here and I have nothing new on the setup front. Of course I’ll be back tomorrow morning, bright eyed and bushy tailed as always. Remember – one day at a time – consistency above all is key.

The future is now – so don’t bring a knife to a raygun fight. If you are interested in becoming a Zero subscriber then don’t waste time and sign up here. A Zero subscription comes with full access to all Gold posts, so you actually get double the bang for your buck.

Cheers,

Bait And Switch Tuesday

Guys – don’t let this happen to you! If you’ve been trading equities for more than a few months then you probably have seen the following play out: Equities are dropping near the open, everything is screaming sell. Suddenly there’s a spike to the upside which triggers more bids and results in a short squeeze continuing most of the session. So how to keep from getting screwed like this and in many other ways on a recurring basis?

2015-04-14_zero

Simple! Sign up for the Zero which shows you real participation on a 5-minute basis. What you are looking at above is a textbook bullish divergence on the Zero Lite during the quick drop post NYSE open. May I also add that yesterday’s sell off had very little juice as evidenced by the tiny signal range accompanying it. That’s not always a sure sign of a bear trap but it bodes paying attention the following day near the open.

What worries me more however is the ‘heartbeat’ like signal on the hourly Zero (left panel). I have seen this a few weeks ago and it preceded a shake out a few days after. Which brings me to the next chart:

2015-04-14_spoos_entry

The E-Mini is continuing to flesh out a sideways wedge of some sort and I have a hard time justifying entries anywhere except near the extremes. However, that said – the hourly is looking good and I just added 1/4R with a stop below 2084.25 (VWAP). Low odds on this one succeeding however, you have been warned.

2015-04-14_NQ_update

My NQ campaign met Sir Gregor Clegane today who made quick business out of my long positions by chopping them into pieces. Not a big deal as they were nicely in profit but a shame nevertheless given the jump higher.

2015-04-14_sugar_update

Updates updates – Sugar looking good but I’m moving my stop to break/even as I don’t trust a concerted number of pull backs all across the futures and forex.

2015-04-14_coffee_update

Coffee – always suspected this one may be a trap and I closed it out near break/even. This one just doesn’t have the mojo and I’m too correlated with all the other open futures positions already.

2015-04-14_copper_update

Copper – looked so juicy and then pulled back. Still like this one but I’m moving my stop to break/even as well.

2015-04-14_silver_update

Silver – also moving my stop to break/even. Not a definite rule in my systems but when it happens across the board I think it’s more than justifiable, especially given my current exposure. So let’s see how many of them survive the night and into tomorrow – if they hold below I think we may have real runner potential as this was quite a shake out today.

2015-04-14_CL_update

Crude – I bet you all forgot about this one already! I took a second long position on the 9th and so far it’s remained in play courtesy of my more conservative stop below the 50 mark. It’s finally tickling the 100-day SMA now and perhaps it’ll muster up enough mojo to finally break free. Anyway, keeping my stop below the 50 mark as I’ve been waiting for this one to play out a while now.

The future is now – so don’t bring a knife to a raygun fight. If you are interested in becoming a Zero subscriber then don’t waste time and sign up here. A Zero subscription comes with full access to all Gold posts, so you actually get double the bang for your buck.

Cheers,




    Zero Indicator


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  3. recent misdeeds

    1. Chasing The Market’s Tail
    2. Still In The Game
    3. Nothing Thursday
    4. Well I’ll Be Damned!
    5. Wednesday Morning Briefing
    6. Bait And Switch Tuesday
    7. Futures Setups Galore
    8. Monday Morning Briefing
    9. Go Gadget Go!
    10. Friday Morning Briefing