Pay Attention Now

I must agree with Skynard’s musing earlier this morning – we are about to see a large move on the forex and futures front. Equities are simply the tail being wagged by a big (and currently snarling) dog. Time to pay attention – summer or not – these are conditions in which to bank some coin.

2015-07-23_spoos_briefing

We are somewhat in limbo on the spoos right now but I think we’ve got an short term inflection point around 2114 – so if we push up a little I’m planning to be short until 2115 – long above that. Small position sizing here as I’m preserving my capital for much better setups (see below).

2015-07-23_EURCAD_update

EUR/CAD update – our evil plan is proceeding as planned and this is now officially a daily campaign. I’m trailing a respectable distance away to lock in a bit of profit just in case but allow enough room for a continuation higher.

2015-07-23_ZB_briefing

Bonds – I’m actually already in ZN but if you have an appetite for exposure I think the ZB is looking trendy this morning.

2015-07-23_natgas

Natgas – I’m short near the high of the current trading range. Actually I think this is about to breach higher so I plan to flip for a long near 2.93. As you know NG can move fast so I’ve programmed it all in for quick execution.

Quite a bit more looming below the fold – please meet me in the lair:


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That ought to keep you guys busy for a while. Enjoy the setups but don’t get over exposed – and I’m referring especially a certain reader with a shampoo like avatar.

Cheers,

Friday 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.

2015-06-19_spoos_briefing

The spoos are slowly making their way higher and I’m now moving my trailing stop near the 3R mark. So far so good and we just pushed through a daily NLBL at 2106.75 – if we can hold it we may be able to climb higher here. However, I must admit that I remain rather skeptical here – so far every attempt to breach the 25-day BB has failed. So if we get to 2130 I’ll probably cash out – unless I see a LOT of momentum accompanying the advance. Which means I’ll be watching the Zero like a hawk – and so should you.

2015-06-19_silver_briefing

Silver – boy it’s been some tough tape here and it’s not an easy contract to begin with. I’m grabbing a tiny long position here as we’re near reasonable support.

Unfortunately that’s all I got for this morning – both forex and futures are running in circles (major retraces in the works) and I’m laying low until I see signs of life. Catch you guys later in the session.

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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.

2015-06-03_spoos_briefing

Equity future doing their thing again. Boy, that really is one ugly f…ing chart but clearly dip buyers are aggressive in defending those lows. I’m currently waiting for a touch of 2113 so I can grab a long position. Below 2007 I’ll be short again. FWIW – this tug of war really cannot continue forever – the daily SMAs are starting to droop and may point lower soon. Resistance is starting to develop as that diagonal is extending lower. And that means the bulls better punch this higher today or tomorrow or we’ll see new lows.

It’s possible actually this one runs off right now without me/us – which is fine really. We should not be so enamored with equities and there are a ton of other campaigns that are going in our favor right now (an update later today).

2015-06-03_gold_briefing

Gold is one I have had my eyes on as you know. Long here with a stop below 1184. There is excellent daily and weekly context nearby as highlighted. 1/2R only and I’ll add another 1/2 if we push higher from here.


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That’s it for now – including yesterday’s positions I’m pretty loaded up and don’t need any more exposure.

Cheers,




    Zero Indicator


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  3. recent misdeeds

    1. Monday Morning Briefing
    2. Fixing The Flaws In Fixed Fractional Position Sizing
    3. Thursday Road Map
    4. Volatility Wave Surfing
    5. Dangling By A Thread
    6. Paying Attention Pays Off
    7. Sell Off Thursday Wrap Up
    8. Pay Attention Now
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    10. I’m Your Huckleberry