Trading The House Down

It’s been an extremely pleasant day here at my make shift West Coast lair. It’s the first day of spring and of course the weather once again is awesome in Los Angeles with temperatures in the mid 70s only interrupted by a few fluffy clouds here and there. Meanwhile it’s been super cold over in Spain and of course I don’t miss any opportunity to rub it in when sending vacation pics to my buddies in Valencia.

2015-03-20_NQ_update

But not only that – while I have been busy shopping and running errands all over Los Angeles I somehow managed to trade the house down this week. The NQ campaign I posted yesterday morning alone booked full 8R at this point – it’s 16 but I only took 1/2% position size so it’s a bit over 8% thus far. I am advancing my stop to 4448 and just let it run all through next week. May I point out that this was one juicy entry as I pinned the very low of yesterday’s session.

2015-03-20_CL_update

Crude – I was almost about to pull this one today but luckily was too busy packing. Exited now with a juicy 2R profit.

2015-03-20_ZS_update

Soybeans – also exited this one with a 2R profit. If you are in this one you may want to hold it as I think it has legs. The Mole however is going to be enjoying some much needed R&R in Mexico, thus holding a ton of positions during vacations is generally not a good idea.

2015-03-20_EURCAD_update

EUR/CAD – just exited for 1R.

2015-03-20_AUDUSD

AUD/USD has banked me 2R as well I’m holding this one with a trailing stop.

2015-03-20_EURUSD_update

And finally EUR/USD – also banked 2R here and I’m advancing my stop to 1.075.

2015-03-20_CrazyIvan_PL

In related news CrazyIvan has now breached the 100R mark as it now stands at a total of 105 – accomplished in 15 months with around 2500 campaigns. That’s a heck of a lot of trades but even given the crappiest b/a spreads and/or commissions it amounts to about a 150% gain considering compounding. I am very much looking forward to auto-trading CrazyIvan with a small select group of investors later this year. FYI – this is a closed group of people I know, so please do not contact me about participating. But you are always free to sign up for the signal if you can commit to three roll-overs each day (7:am/15:00pm/11:00pm Eastern).

2015-03-20_CrazyIvan_PL

And that’s it for the Mole for the next 10 days as I’m heading to Puerto Vallarta, Mexico tomorrow afternoon. The pic above shows my view from the little casa we rented all the way on top of the hills. If I can’t forget about trading in that place then there’s no hope for me. Not only am I in desperate need for a real vacation but given today’s profits alone I think I more than earned it – I really hope you caught some of those juicy entries as well. In my absence Scott ‘The Convict’ Phillips has generously offered to take over here at the lair, so I trust you are in experienced hands. In case you are wondering, during my absence all subscription services will continue to run as usual. If you need help with anything feel free to shoot me an email but please allow a bit more time than usual for a response.

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¡Hasta Luego!

El Topo

Easy Prey

Yesterday I mused about my habit of sitting through panic spikes only to pick out easy prey once the dust settles. Well, today is that day and as we have plenty of juicy candidates limping past us we better get organized. This is it folks – time to get busy!

2015-03-19_spoos_update

The spoos retraced quite a bit of yesterday’s advance and currently we are hanging somewhere in the middle of nowhere. No entry here unless we drop lower and touch 2065.

2015-03-19_NQ_update

The NQ however ain’t a bad long here with a stop below 4410.

2015-03-19_EURUSD_setup

EUR/USD – as much as I love it back at 1.06, as a trader I just have to take a long here with a stop below the 100-hour SMA. If it drops below that then I win as well once I’m back in VLC.

2015-03-19_gold_setup

Gold is looking like solid here and if it holds this NLBL we should be primed to pump higher. You have a choice between putting your ISL below that hourly NLSL or the 100-hour SMA.

Plenty more waiting below the fold – please step into my West Coast lair:


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Bonus Chart!

2015-03-19_zero

Strangely today’s momentum/participation is twice of what we saw yesterday in the ramp higher. Alright, tthat ought to keep you guys busy for a while – I’m grabbing breakfast now. Trading on the West Coast sucks – but I love the weather and the eye candy.

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.

2015-02-18_events

Great setups across the board this morning but before you go nuts be aware that we’ve got the FOMC minutes at 2:00pm EST today. So be sure to be out of any of these short term setups unless they have moved significantly in your favor. You have been warned.

2015-02-18_NQ_briefing

NQ – I don’t really think we have a setup here. Sideways range overnight and I don’t see it making any big moves before the announcement. But if you think otherwise then here’s a pretty solid inflection point at NQ 4387.

2015-02-18_USDJPY_briefing

USD/JPY – long here with a stop below 119.07.

2015-02-18_EURGBP_briefing

EUR/GBP – that’s my lottery ticket of the day. Long here 1/4R with a stop below this morning’s lows. FYI – this may as well fall off the plate – so if stopped out I may consider another lottery ticket to the downside (depending on velocity – not in sideways churn tape).

2015-02-18_ZB_briefing

ZB futures – I told you to watch this one and that’s exactly what I’m doing as well. No setup here yet but I’d be long above that stack of NLBLs. OR short right below it if it seems we’re not pushing higher. Yes, this one may take a bit of finesse but it has great potential either way IMO.

Seven more goodies below the fold – please join me in the lair:


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.

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

Cheers,




    Zero Indicator


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