Freaky Forex Friday

Seems like most of you rats have finally turned into mindless credit card swipin’ shopping bags draggin’ consumer monkeys. Not the Mole – no sireee – all my Christmas shopping is done in July, when the weather doesn’t suck!

australia_christmas

That’s more like it – pass me the Glühwein!! Alright, less of you means more goodies for me and I’m talking juicy short term setups – especially the Forex side is looking rather festive this morning. And unlike Santa the Mole is dishing it out all year – plus I favor you naughty ones.

2014-12-19_PA_briefing

Palladium – looking good here and I already grabbed a long with a stop below 789. With a bit of mojo perhaps that daily NLSL can be reversed today.

2014-12-19_AUDJP_briefing

AUD/JPY – it’s battling that daily NLBL but is also supported by the rising 25-hour SMA. Got to get out of the gate or it’ll slip lower again. I’m long here with a stop below 97.2.

More below – please step into my lair:


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You have been briefed – now have fun but keep it frosty. Depending on participation I’ll do a follow up post this afternoon.

Cheers,

This Is The End

Alright, this is it, folks – we are down 20 handles on the S&P 500. Grab your survival gear and head to your underground bunkers as we are headed for a disaster of biblical proportions. We are facing the wrath of God type stuff. Fire and brimstone coming down from the skies. Rivers and seas boiling! Forty years of darkness – earthquakes, volcanoes, the dead rising from the grave! Human sacrifice, dogs and cats living together. You get the point?

Sorry, I’m just trying to get into the spirit of things as, judging by the usual suspects (ZeroEdge et al.) this is the end of days. You know – triple quadruple bypass Hindenburg Omens, flash crashes, the works.

2014-12-08_GBPJPY_unconfirmed

Alright, let’s settle down and be serious for a moment. Obviously this is pure fuckery, judging by what I saw on the Forex side – here’s the GBP/JPY which is not confirming whatsoever. But honestly it was about time we got a nice red candle as this trading range of the past two weeks was getting preeetttty boring.

I hope this shakes out hard and trims some much accumulated fat - we could use a good buying opportunity. After all most of you guys missed out on the first one a month ago ;-)

2014-12-08_spoos_update

Speaking of which – for my longs today truly spelled the end but courtesy of a brand spanking new spike low it happened almost exactly at the 13R mark @ 2060. Which officially ranks this campaign as one of my all time winners – including an almost perfect entry and exit. I wish they all went like this!

2014-12-08_spoos_profile

Now the week is still young, so I won’t attribute too much meaning to the current NLSL breach. However I think it’s very much possible we drop a bit further to 2045 and then rest there for a while. If that does not hold then 2020 is probably baked in. This would be actually my preference, so let’s see if she can get there. Right here and now I’m not too eager to grab longs.

Since the tape is pretty treacherous today I only produced one single setup – and I got to keep that one for my intrepid subs:


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.

Words To The Wise: Don’t get caught up in the hype when you see fast moves to the downside. The more shrill the reporting on the ZeroEdge feed the more it wets my appetite for blood. Remember, you can’t be successful doing whatever everyone else is doing. Keep it frosty and wait for a solid opportunity to strike – but for now we wait and let things settle down a bit.

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.

2014-11-24_spoos_briefing

Equities have been holding the line over the weekend and we may see a bit of acceleration here as suggested by DarthMole. Just to reemphasize – unlike retail traders volatility measures do not suffer from directional bias. So there is no telling which way it’ll swing. However I don’t see anything on my charts that would prompt me to deviate from the current course, which is to trail my stop and to not second guess how far this puppy may run.

2014-11-24_USDZAR_briefing

USD/ZAR near its 100-hour SMA and I’m short here with a stop above 11.00. Only 1/2R exposure as there isn’t much supporting context.

2014-11-24_wheat_briefing

Many futures contracts rolled over last Friday and the pickings are slim but wheat is looking rather interesting here as support is starting to stack up. I’m long with a stop below the NLSL at 553.25.

Two more short term 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.

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

Cheers,




    Zero Indicator


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