Pre-Memorial Day Freebies

Let’s face it – most of you guys are pretty much outta here, and I myself am planning on taking Friday off. So for whoever is still left I’ll throw out a few juicy pre-Memorial Day freebies. Caveat – unless they start moving in the coming few hours I recommend you wrap them up or put your stop at break/even.

2015-05-21_spoos_briefing

Spoos – if you still find them near that stack of Net-ines then a long position may be in order. I’m long here 1/2R with a stop  below the daily NLBL at 2113.25.

2015-05-21_EURUSD_briefing

EUR/USD – ya’ll know I hate this trade but I’ll take it anyway. If that 25-day SMA gives way then we’ll probably retest the lows. Don’t think that’s happening just yet during the long weekend (yes, Forex will be trading Monday).

2015-05-21_wheat_briefing

Wheat long near 515 with a  stop below 510.

2015-05-21_soybeans_briefing

Soybeans – grabbing a long here with a stop below 936.5. It’s soft support really – 1/2R only.

2015-05-21_gold_briefing

Gold! Very speculative long position here – 1/4R only. On a drop below 1202 we’ll probably retest 1195.

That’s it – see you later this afternoon. Now keep it cool and frosty and don’t get too crazy playing the swings. Remember, we’re going to see increasingly diminishing participation starting today – not that we saw a lot of it yesterday, except for that fake out spike to the upside.

You are not paranoid – they ARE out to get ya – watch your six! ;-)

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,

Campaign Updates

I’ve accumulated a good number of positions over the past week and decided to not take on anything more for the day. We still haven’t really taken off across major indices and in line with my adjusted modus operandi of remaining nimble I don’t want to get over exposed. So let’s do a quick run down of some of our recent victims:

2015-05-18_spoos_update

The spoos thus far are looking good to go and I’m moving my stop to 2112 now which is at break/even.

2015-05-18_AUDUSD_update

AUD/USD – that’s a campaign I’ve been holding since last week. It somehow rolled over nail or something as it went completely flat and rolled back to the downside. Stop out at my trailing stop for a humble 1R profit.

2015-05-18_AUDCAD_update

AUD/CAD – boy that was an awesome entry this morning right before it took off like a rocket. Moving my stop to break even and will hold through the RBA minutes in about seven hours.

2015-05-18_EURCAD_update

EUR/CAD – also one from this morning. I say meh here and this one may actually stop out. I love the formation on the daily but it was probably too early to try a long position. I only have 1/3R in this one so I’m holding it.

2015-05-18_EURGBP_update

EUR/GBP – stopped out of this morning’s ST position. The original entry form last week is still good and my stop remains at break even. Not really loving the mojo on this one to be honest but I’m holding it.

2015-05-18_cable_update

Cable – a few more pips to the downside and I’ll be out of that one. I was hoping for a LKGB here but it kept dropping below the 100-hour SMA. Bummer really as this is a great setup and I would take it every single time. Perhaps we’ll get another chance at the daily NLSL further below.

2015-05-18_USDCHF_update

USD/CHF – awesome entry here this morning and I’m moving my stop to break even.

2015-05-18_wheat_update

Wheat – for some reason this one screamed continuation at me this morning. Very few traders would have taken a long after that long candle last week. Great entry and I’m obviously holding it although I’m pretty sure there will be a LKGB retest of the 100-day. Moving my stop to break/even and Bob’s my uncle.

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,




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    1. Equity Curve Filters And Compounding
    2. Pre-Memorial Day Freebies
    3. Scaring The Children
    4. Wednesday Morning Briefing
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    6. Campaign Updates
    7. Monday Morning Briefing
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