Awesome Thursday Morning Briefing

I’m in a brilliant mood this morning. We’re finally past this month’s Fed/ECB madness, many of the futures contracts have rolled over, there are setups galore, and I woke up to a warm and sunny spring morning with about 25 Celsius (77 Fahrenheit) around noon. Oh, and I almost forgot – the EUR/USD just fell off the plate – heheheheeee. Love and money is in the air!

2015-02-26_spoos_briefing

The spoos are flailing sideways below that NLBL at 2114.5 – isn’t it nice how those serve as support/resistance over and over again? Which is why I use them religiously for my discretionary trading. Anyway, I’ll be long above the Net-Line with a stop below 2112. However, the better setup this morning is on the NQ and that one I keep for my intrepid subs – sorry leeches!

2015-02-26_gold_briefing

Gold – also testing a NLBL and I want to be long above it – stop would be below 1214. I very much like the daily context here – very much actually. But not as much as I like it on another precious metal chart – again that one I keep for my subs.

2015-02-26_ZN_briefing

ZN futures – 10-year treasury bonds – I was about to enter here but then I saw a very quick drop lower. Which means now I’ll wait for a pop back above 128’260 after which I’m long with a stop below 120’180. I just looked at it and the odds for a push higher are low here – but if it happens I’ll take it for sure.


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Here’s a little goodie to wake you up:

I am on fire today – let’s have some fun people. See you guys later this afternoon.

Cheers,

Busy Tuesday 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.

2015-02-10_spoos_briefing

It seems ES 2040 is now established as a short term support zone and we should use it if there’s a retest today. Thor actually went long the NQ this morning and although I’m a bit worried about the small candle range (stop below yesterday’s low at 4201.25) it’s looking okay right now.

2015-02-10_AUDJPY_briefing

We have a ton of futures setups this morning – AUD/JPY is our only one in forex. Frankly I love this one as it has excellent context on the daily panel. Long here above the NLBL with a stop below 92.4, or below 92.2 if you want to play it more conservatively.

2015-02-10_platinum_briefing

On to the futures – platinum looks like a good short here with a stop above 1220. Above it I want to be long with a stop below 1217.


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You have been briefed – now have fun but keep it frosty. See you guys later this afternoon.

Cheers,

There Be Dragons!

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.

2015-01-05_ZB_briefing

More downside overnight over in crude and the Euro - I still have little interest in catching any of those falling swords. Bonds are looking interesting and I’m long the ZB with a stop below 145’10. Half an R only though as it’s turned into a bitch of symbol lately – actually what hasn’t? Seems like the gloves came off across the board in early December…. be on your guard – there be dragons!

2015-01-05_NG_briefing

Natgas not really showing a clear direction just yet but there’s a reasonable chance it’ll hold the 100-hour SMA here, especially as the 25 is now crossing above it. Long here above that NLSL with a stop below the 100-hour. Again only 1/2R – just easing myself back into the tape here.


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!

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dragon_1

Per my dragons reference above – I’m seeing an accumulation of nasty traps and stop runs lately, especially over in Forex. Meanwhile we’ve got a race to the bottom in crude and of course in the Euro crosses. All that volatility offers opportunities but we also need to be cognizant of the fact that it brings with it increasing risk. For instance during fast moves you may not get properly filled on your stop – so be conservative and use market orders instead of limits. Better to get a shitty fill than none at all – or use a looser limit as to ensure a fill at a price you can live with. That of course also means that you need to reduce your position sizing accordingly to maintain your risk management. Finally be doubly aware of correlation risk – for instance, if you’re short EUR/JPY and the spoos then you are correlated to some extent, so reduce your exposure accordingly.

You have been briefed – now have fun but keep it frosty. See you guys later this afternoon.

Cheers,




    Zero Indicator


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