Told You

Alright now put down your mobile phone and try to pay attention for more than ten seconds.

2015-04-22_zero

This razor bladed chop fest is exactly why I kept telling you guys to stay the [expletive of your choice] out of equities right now. But you wouldn’t listen, would you? Just had to burn a chunk of your ill gotten gains trying to prove that you’re smarter than the market. Which you aren’t – and neither am I – or the next guy for that matter. Perhaps next time you’ll listen?

Because when I say ‘stay out’ – I mean it.

2015-04-22_silver_update

Chart of the day – silver. Really made my day as I snagged a few forex stops. Never be afraid of taking that next entry – but always make sure to plan the trade and trade the plan.


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Cheers,

Make That Money

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.

2015-04-22_EURCAD_briefing

Forex and the futures are on fire this morning, so let’s do this. EUR/CAD – good long here with ISL below 1.413, be generous with your stop.

2015-04-22_silver_briefing

Silver – it’s still shiny and I like it long right here with a stop below 15.93. Below that I’ll be short but it’s not my favorite direction as the downside seems more limited.

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.

You have been briefed. Now go and make that money money money!

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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