Freebie Friday

Equities are heading lower as I’m typing this and I have decided to move my stop a bit further up to the 100-hour SMA. Quite frankly speaking there comes the time when a market simply doesn’t hold much of an edge and it’s best to simply focus on other verticals (i.e. forex, bonds, and various other futures).

2015-06-12_spoos_briefing

Given what we’ve had to work with I think we’ve done brilliantly. But observing the developing mess it’s clear that this may not resolve until the FOMC makes a more decisive statement about the planned hike in interest rates. Until then things appear to circle in a general holding pattern.

2015-06-12_bonds_briefing

Plenty of movement in other markets however – here’s the 30-year bond contract which looks like it just may want to climb higher. However the general trend is down and I’m only attributing 1/2R to this.

2015-06-12_crude_briefing

Crude has been testing our patience and I don’t think it’ll make any big moves anytime soon either. However a long position here could be good for a few ticks and I’m throwing 1/2R into this pit.

2015-06-12_EURUSD_briefing

EUR/USD touches its 25-day SMA earlier and I’m grabbing a long with a stop below the spike low (and new NLSL). As you know this is the trade I love to hate – in general I’m pretty happy about the current sideways formation as I earn in $s and spend in €s.

Otherwise, not much going on this morning. Summer is nigh and many of you guys are busy planning your well deserved vacations. Next week I may actually put together some educational posts as the tape is surely putting us to sleep lately. If you have a particular topic you’d like to see covered then please chime in here.

It’s not too late – learn how to consistently bank coin without news, drama, and all the 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.

Cheers,

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.

2015-05-20_spoos_briefing

Nice activity this morning which presents us with nice entry opportunities. Time to get busy! Here are the spoos which have descended a bit over night and are now approaching the 100-hour SMA. I think a long near 2121.75 with a stop below 2120 has merit. If that one goes then we probably drop to 2113.25 or lower.

2015-05-20_NQ_briefing

Similar pattern on the NQ and you can spread your exposure between those two.

2015-05-20_EURUSD_briefing

EUR/USD – liking the sell off at the ATM but from a trading perspective we are approaching the last line of defense which IMO is the 25-day SMA near 1.10862. I’m trying a long if we breach 1.11.51 with a stop still to be determined – need to see the next spike low or NLSL.

2015-05-20_gold_briefing

Gold – long near the 25-hour with a stop below 1202.7. That was quite a slap down! Let’s see if it can recover or if we’re back in sideways mode. FWIW – boy the June contract has been a crap period for traders.

Quite a bit more waiting below the fold – please 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,

Crappy Morning Briefing

Yeah, I got pretty much nothing this morning – the Euro is still squeezing (told ya’ll!) and equity futures are still running in circles with no end in sight. It’s only mid May but this feels like July tape.

2015-05-14_event

Then we have Draghi running his mouth at the IMF headquarters a little after the open at 11:00am, which is probably going to blast forex all over the place. And to top it all off for me – my Internet is crawling this morning, nothing seems to work properly, and it’s going to be a scorcher here in Valencia with temperatures exceeding 41 degrees Celsius (over 106 Fahrenheit). Maybe it is July after all and nobody told me.

2015-05-14_AUDNZD_briefing

Miraculously I was somehow able to extract two charts and I am just going to throw them out for you guys. AUD/NZD – I’m waiting for a little drop to 1.076 to grab a long position with a stop below 1.072.

2015-05-14_crude_briefing

Crude – as you know I’m already in this for the long haul. But this is a pretty decent spot to grab a ST entry near the 100-hour SMA – assuming it drops to 60.1. Put your stop below 59.80 and Bob’s your uncle.

And that’s it for now – if you don’t hear back from me this afternoon then I probably died from a heatstroke on the way to the gym. Fortunately I have already arranged to have my head frozen so that I can be reanimated and connected to a big trading AI a few decades from now.

 

It’s not too late – learn how to consistently bank coin without news, drama, and all the 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.

Cheers,

2015-05-14_spider_mole




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