Futures Setups Galore

After a fake out spike higher in the morning the day did indeed turn into a shake out session. I’m not seeing much participation here yet, so let’s see what the close looks like. Definite possibility they’ll drive a bit lower but for now there’s little to do for us:

2015-04-13_spoos_update

As you can see we’re kind of dangling in the midst of it all – if the 25-hour BB doesn’t contain this push lower then we’ll most likely revisit the 100-hour near 2080. On the daily panel we have zero context, therefore I’ll stick with the hourly. FYI – my trailing stop on the NQ has also been advanced below the 100-hour SMA.

2015-04-13_soybeans_setup

The title of this post promises futures setups and yes – there quite a few juicy ones today. Soybeans sporting a shooting star and I want to be short below it with a stop above today’s highs. Long if we trigger today’s highs – as you may guess my stop would be below today’s lows. Boilerplate inside day slash shooting star setup. FYI – I do like the context on the daily panel as everything is starting to point down now, including the 100-day BBs.

FYI – if the long side triggers I’ll take profits rather quickly – for me that would be 970.

2015-04-13_copper_setup

Copper – that one has got a SS sitting on top of two converging daily SMA – cannot resist this setup and I’m playing it just like soybeans.

More futures setups waiting below the fold:


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Hope that keeps you guys busy for a while. Have fun but keep it frosty.

Cheers,

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.

2015-04-13_spoos_briefing

Seems like a pretty slow morning to me – after a little dip lower the E-Mini is holding steady thus far. However we can’t rule out a little shake out day, perhaps retesting the 100-hour SMA. That probability becomes more viable after a breach of the current spike low at 2089. Above the NLBL at 2094.25 we should establish a new base for a push higher.

2015-04-13_NQ_briefing

The NQ remains to be my favorite thus far – a bit more mojo than the spoos actually. As you know I’m already in this but here are today’s price points for your convenience.

2015-04-13_soybeans_briefing

Soybeans – I’m still short here as you may recall. My stop is above that NLBL at 955.25 – I expect a bit of thrashing about here for a day or two after which it’ll make its move.

BTW, great discussion thread over the weekend although I see many ancient concepts being regurgitated. My impression was that the value of consistency and perseverance had been undeniable demonstrated here over the past six years. I think most people overestimate the level of complexity or skill required and vastly underestimate the compounding value of time paired with consistent action.

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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.

2015-04-10_spoos_briefing

Equities held their ground over night and if you’re not exposed yet then you may want to hitch a ride on a retest of the 25-hour SMA – we also have a few Net-Line Sell Levels there.

2015-04-10_NQ_briefing

The better setup IMNSHO is the NQ – seamed by two Net-Lines and you can be long above 4402 or short below 4390 – tight little range.

2015-04-10_soybean_briefing

Soybeans – I’m taking out a long here with a stop below 949. If stopped out then I’m flipping for a short with a stop above 953.5. I actually think this one goes to the downside but until then this is a great inflection point for a surprise bounce. 1/2R only – so let’s see what happens.

See you guys in the afternoon.

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