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 ;-)


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

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.

2015-04-20_spoos_briefing

Index futures are still in shake out mode -¬†as I told you last week it’s best to stay away for now and let this play out. Thus far my caution seems to have been appropriate – just look at this tape on the hourly and tell me if that’s something you really want to be trading. As a side note – for some reason the 2088/2089 mark produces a lot of context. It doesn’t line up with anything on my charts except that I drew this line when I entered long and then got stopped out right there again. And I remember mentioning this level on previous occasions, so for some reason it keeps coming up. Like this morning when we’re bumping¬†against it after a run higher overnight.

2015-04-20_AUDCAD_briefing

We have nice AUD and CAD related entries today. Which is great but if you take them I suggest very small position sizing as we have pertinent event risk a few hours away. Anyway here’s the AUD/CAD and I am long with a stop below the recent spike low. I’m giving this a few hours to ride higher and produce some distance ahead of the BoC governor speech. If it just hangs around here I’ll probably pull it as I’d be sure to be whipsawed out during the event.

2015-04-20_events

Here’s what we’re facing today – set your clocks.

More setups below the fold:


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.

I mentioned in the sub only section that I’m taking very small position sizes here. Reason being is that we’re in clear shake out mode on both the forex and equities side. It’s a tough market to be active in and you need to be on top of your game, remain nimble, patient, and not get emotional. All those attributes are easier to fulfill when you don’t really care about pulling a loss – ergo take small positions and know your stops and targets before you enter a campaign.

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.

2015-04-06_spoos_briefing

Boy, we have a ton of excellent ST setups waiting in the bullpen this morning – so let’s dive right in. The context on the spoos is fairly juicy here – observe the bounce off the lower 100-hour BB on Sunday night and as of now the tape is busy drawing in participants before a big move.

2015-04-06_NQ_briefing

However I wouldn’t trade the S&P futures this morning, instead I’m looking at being long the NQ above the NLBL near 4280 and short below the (already expired) NLSL at 4266.25.

2015-04-06_YM_briefing

Alternatively or in combination the YM also has good ST context – trigger and stop levels are 17560 and 17511.

2015-04-06_EURUSD_briefing

The EUR/USD looks like it wants to pop higher and I’m planning a trip to the ATM right after finishing this post. Long here already with a stop below 1.0983. I hate this trade but have got to take it ;-)

Alright – we’re all warmed up now? Plenty more waiting below the fold:


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.

So did I promise too much? GREAT setups today? It’s good to be back, especially when the tape throws such juicy setups at us. See you guys later this afternoon.

Cheers,




    Zero Indicator


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