Glorious Monday Morning Briefing

I had a kick ass weekend…. working! Yeah, I know – I was supposed to be kicking it at the beach but got sucked into the matrix working on my dragon slayer of a swing trading system. Documented everything for acid/sanity testing done by Scott, my brother from another mother. He may be follicle challenged but what lurks behind his rough facade is a kick ass systematic trader who rarely misses anything. In fact he helped me uncover a little bug in the backtester last week which sent me into a psychological tailspin but which in the end proved to be very positive and led to a solid system we’ll be trading starting this week. Seems like Scalpius (which is what I’m calling it) works best on the three major Forex pairs – USDJPY, EURUSD, and GBPUSD.

2015-06-21_1817

This is what I tested over the weekend between April 2012 and last Friday. Since then I have actually been able to improve the ruleset but I won’t post that P&L graph as it’s simply ridiculous. Small but very consistent edge – just keeps on churning day after day. Anyway, I’m very excited to start trading this one internally. My biggest thanks go out to Mrs. Evil who is the most stunning and gracious wife anyone could ever ask for, but also the most patient and understanding – in good as well as bad times. Of course she’s lucky to have me – heheheheee ;-)

2015-06-22_spoos_briefing

Good entry opportunity right now on the spoos. I’m already long but if you are not you should wait for a little drop lower. The rising 100-hour should offer sufficient support at this point – although in this market environment there is no telling which way it’ll swing. So far we’ve been doing well staying ahead of the tape – hopefully as long as we don’t get married to a particular direction our streak will continue.

2015-06-22_soybean_oil

Soybean oil is my second favorite setup this morning. I’m long with a stop below 32.33 – it seems like that one has painted a medium term low and is ready to bust higher. I would however have preferred a touch of the 100-day SMA. But perhaps that’s the trap – staying shy of that and reversing then with an empty bus.

Now you may wonder what my favorite setup is then – please step into my lair:


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2015-06-22_events

A bit of event risk today around 1:00pm Eastern as we’ve got a meeting of all the big finance honchos over here in Europe, deciding the future of us Euro-trash worker bees. I can tell you right now what they’ll brew up – more coin/bailouts for their cronies whilst socializing the losses onto the hapless public. You got to appreciate the level of sophistication with which they are screwing us. There’s a great popular saying over here in Spain:

230313-Asensio

Loose translation: They piss at us from above and tell us it’s raining.

Cheers,

Threshold Tuesday Morning

The getting is good this morning as the spoos have once more descended toward their bearish inflection point. From there we’re gotten a little bounce which means we are long now with a stop below the NLSL shown below:

2015-06-16_spoos_briefing

This is a textbook entry guys and I’m taking it now. Our inflection point is 2062.5 – a slicde below does not guarantee it’s falling off the plates but at some point the gist will be up. Meaning I will take the risk of being whipsawed given the downside potential. A lot of pent up momentum and frustration has accumulated over the past three months. The final release will be glorious.

Translation: Long right now with a stop below 2062.5. Short below 2062.5 with a stop above the 25-hour SMA.

2015-06-16_AUDUSD_briefing

The AUD/USD is in shake out mode but has accumulated a lot of support below on the daily panel. Looks like a decent long here near the 100-hour SMA – I’m putting my stop below 0.77.


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

Cheers,

Monday Morning Briefing

I’m back from my weekend get-away and much to my shame I was looking forward to getting back to the lair most of the time I was gone. What the hell is wrong with me? Well, we’ve got very interesting tape unfolding this morning which means we’re going to hit the ground running. But first let’s get up to speed on what’s happening on the equities side:

2015-06-08_spoos_briefing

After a rather eventless looking Friday (good timing on taking the day off) we seem to be slowly descending lower. Damn you Skynard! ;-)

Anyway, we are looking at soft support here between the weekly NLSL and the 100-day SMA near 2080. I know that’s a 20 handle window but I can’t offer anything that’s not on my chart.

2015-06-08_YM_briefing

The YM is looking a bit more productive actually. It’s already trading below its 100-day SMA and the next weekly NLSL is at 17690 (typo on chart). Which means I wouldn’t think about long positions before we descend into that range.

2015-06-08_soybeans_briefing

Soybeans is looking like it wants to continue higher plus volatility is expected to jump here soon. I’m long with a stop below 937.

2015-06-08_AUDCAD_briefing

AUD/CAD – long here as well with a stop below 0.9460. I would prefer to be below the spike low but that’s a bit too far away, so I’m taking a little chance here.

2015-06-08_CADCHF_briefing

CAD/CHF – short here with a stop above 0.758. Again I would have preferred to be above the spike high but it’s a bit distant right now.

I have some very nice goodies for you subs – please meet me in the lair:


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Please login or subscribe here to see the remainder of this post.

In completely unrelated news: The German women team beat Ivory Coast 10:0. What are they feeding those gals?

2015-06-08_1422

 

In one of the pics you actually see one of them floating in the air. My money is on advanced genetic engineering… YOU GO… uuuuhhhh…. gals? ;-)

Cheers,




    Zero Indicator


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