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:


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

Cheers,

Good Start Of The Week

Seems like you guys are still hung over from long weekend, where is everyone? Plenty of goodies to be had this morning. Some didn’t trigger, some got swept, but most importantly some took off nicely. Let’s review:

2015-02-17_NQ_update

NQ – we managed to get a nice entry on a small dip lower and now it’s off the the races. Well, not really – but it’s looking promising so far. We need to climb over that NLBL at 4385.75 or w may get caught in a sideways range here. Either take profits now or convert it to a daily campaign.  If the latter leave your ISL intact – I have an inkling we may need it.

2015-02-17_gold_update

Gold! We seem to do well with that contract for some reason – most likely because we’re not emotionally tied to any particular outcome. Anyway, PERFECT entry – couldn’t have hope for a better seat on the bus. Same considerations – either grab your money and run or convert it into a daily campaign. That’s a very nice sweep through two daily support levels – the 100-day SMA and the NLSL at 1216.7. Chances are we’re going to see a LKGB – so if you’re holding it be prepared for that.

2015-02-17_ZB_watch

ZB – early days here but I love the LT context – see how we’ve just touched the 100-day SMA? Well, in itself that would be meaningless as it hasn’t been touched in the past few weeks. However there is an accumulation of weekly support looming below, which should be helpful if we get a reason to be long. I would wait for a real setup but if you feel adventurous take out a lottery ticket with a stop below today’s lows.

Some very juicy LT setups 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.

Cheers,

Fantastic Tuesday Morning Briefing

Belated but excellent kick off for the week. I literally have setups crawling out of the woodwork this morning. The Forex side in particular is off the hook with plenty of goodies to be had. Let’s get to work and bank some coin!!

2015-02-17_NQ_briefing

NQ – wait for a retest of the NLBL and then be long with a stop below 4365. Short side is limited here as the 100-hour SMA is now pushing higher and will most likely offer support.

2015-02-17_GBPUSD_briefing

Cable – excellent setup with beautiful daily context. Triggers and details on the chart.

2015-02-17_crude_briefing

Crude – either long here right now or wait for a push above the NLBL. Again, I do very much like the daily context.

2015-02-17_gold_briefing

Gold – short on this one with a stop above the 100-hour SMA. If breached then I’ll be long with a stop below the current lows.

Quite a bit more below the fold – please step into my Mediterranean trading 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.

Did I promise too much? So many setups, so little time. Get to work but keep it frosty!

Cheers,




    Zero Indicator


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