Picking Up Pennies Behind Steamrollers

The Ozzie RBA announced their interest rate decision early this morning when you seppo rats were still in deep slumber. Not much of a surprise move really – the expectation was 2% and that’s exactly what we got.

2015-07-07_events

Now Skynard and his impetuous ilk hailing from their respective lairs down under seem to prefer doing the chicken dance in front of the Ozzie steam roller. Did anyone read my post yesterday on not taking risky setups in this volatile market phase? Dr. Kurtosis will make you guys his bitch one of these days. Why do I bother…

Now, as you know I myself enjoy preying on disorientated victims after the storm has passed.  Yes, that’s right – I kick them while they’re down and I do it with pride. Excuse me – which part of Evil Speculator wasn’t clear to you?

Before we start let’s once again point out that all the AUD related setups below should not expose you to a loss of more than 1.5% of your account equity. In other words – if you take more than one please split one R between them. Now let’s see what we got on the menu this morning:

2015-07-07_AUDNZD_briefing

Here’s the AUD/NZD and it’s in a very interesting spot as the 25-day is being challenged. I’m currently long but will flip for a short if it drops through 1.118.

2015-07-07_AUDCHF_briefing

AUD/CHF – playing the bounce and my stop is below 0.7012. If I get my way I’ll be out near the 100-hour SMA.

Two more setups looming below the fold for my intrepid subs:

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2015-07-07_EURAUD_briefing

EUR/AUD – that one could easily turn into a runner and I’m already long with a stop below 1.47.

2015-07-07_EURNZD_briefing

EUR/NZD – long here as well as it seems to want to observe the 100-hour BB. However it has dropped below it recently and that’s why my stop is a respectable distance away. If you can grab it a bit lower – the better!

[/am4show]

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

Cheers,

The Big Furball

Equities have clearly been one big nasty furball over the past few weeks. You remember me writing about this weeks ago already and with the exception of one quick fake out higher we have reversed back into sideways shake out territory. Tough going here but to me it seems like we are either witnessing massive accumulation or distribution over the past few weeks. I’ve touched on that about a month ago and the fact that conditions have remained since then tells me that whatever comes next is going to be significant.

2015-06-02_spoos_briefing

Which means my modus operandi has been one of taking calculated risks near potential inflection points. On the E-Mini we are sloping lower slowly but seem to be jumping higher occasionally to shake out as many participants as possible. And that means I cannot enter here – neither long nor short. Well perhaps long if we were near the recent spike low. But I’ve got a much better entry and I’m posting it for the subs below.

2015-06-02_gold_briefing

Gold is very juicy here – I’m grabbing a long with a stop below the NLSL which also happens to be near that diagonal I drew. Clearly a short position below this is a possibility but tough going – those daily NLSLs  (right panel) won’t give way easily.

2015-06-02_GBPCAD_briefing

GBP/CAD – very nice context developing but so far no resolution. I’m long here with a top below 1.898.

2015-06-02_soybeans_update

Soybeans update – nice entry yesterday and I came very close to being stopped out. Moving my stop up to break/even now. If it wants to get going then now is probably the time.

2015-06-02_Natgas_update

I also grabbed natgas yesterday – so far so good but I’m leaving my stop in place as we haven’t moved anywhere yet. But the longer we remain those ST NLBLs the higher the chance for a stab higher. Volatility should set in here in the near future.

2015-06-02_AUDCHF_update

AUD/CHF is also still nibbling on it. Keeping my stop where I left it.


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Cheers,

Extra Evil Morning Briefing

Oh boy – we are literally swimming in juicy setups this mornings. After weeks of drought we finally reap the benefits of laying patient. Time to have some fun.

2015-05-29_spoos_briefing

The spoos look extra delicious here and I’m currently 1/2R short but waiting to be stopped out at 2112 so that I can flip for a long position. The range between that and 2112 is our limbo zone – below the latter we are pushing back into bearish territory but for a slide lower we would need to breach 2108.

2015-05-29_NQ_briefing

I actually like the NQ a bit better and I’m playing a short here (1/2R) via the same script.

2015-05-29_gold_briefing

Gold – still waiting for a move here – it’s coiling up! Long above 1190.8 (or here) with a stop below 1185. I’m glad we finally rolled over.

2015-05-29_USDCAD_briefing

Tons on the forex side – long the USD/CAD with a stop below 1.24 – LOVE that configuration.

2015-05-29_EURUSD_briefing

EUR/USD – the trade I love to hate. Which is why it’s probably working out. Triggers on the chart. I kid you not, when I saw this chart last night I got dressed and ran to the ATM and literally cleaned it out – hehehe…

More nefarious market madness looming below the fold:


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

A morning like this deserves its own theme. Crank it up and have fun. See you guys later this afternoon.

Cheers,




    Zero Indicator


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    1. Picking Up Pennies Behind Steamrollers
    2. Catch A Ride On The Wild Side – Aussie Trade
    3. Only The Paranoid Survive
    4. Happy Independence Day
    5. The Quiet Before The Storm
    6. Timing is everything – Black Gold
    7. Short Term Updates
    8. The Game In A Nutshell
    9. Filling The Gaps
    10. Greece Saga Precautions