Campaign Updates

I’ve accumulated a good number of positions over the past week and decided to not take on anything more for the day. We still haven’t really taken off across major indices and in line with my adjusted modus operandi of remaining nimble I don’t want to get over exposed. So let’s do a quick run down of some of our recent victims:

2015-05-18_spoos_update

The spoos thus far are looking good to go and I’m moving my stop to 2112 now which is at break/even.

2015-05-18_AUDUSD_update

AUD/USD – that’s a campaign I’ve been holding since last week. It somehow rolled over nail or something as it went completely flat and rolled back to the downside. Stop out at my trailing stop for a humble 1R profit.

2015-05-18_AUDCAD_update

AUD/CAD – boy that was an awesome entry this morning right before it took off like a rocket. Moving my stop to break even and will hold through the RBA minutes in about seven hours.

2015-05-18_EURCAD_update

EUR/CAD – also one from this morning. I say meh here and this one may actually stop out. I love the formation on the daily but it was probably too early to try a long position. I only have 1/3R in this one so I’m holding it.

2015-05-18_EURGBP_update

EUR/GBP – stopped out of this morning’s ST position. The original entry form last week is still good and my stop remains at break even. Not really loving the mojo on this one to be honest but I’m holding it.

2015-05-18_cable_update

Cable – a few more pips to the downside and I’ll be out of that one. I was hoping for a LKGB here but it kept dropping below the 100-hour SMA. Bummer really as this is a great setup and I would take it every single time. Perhaps we’ll get another chance at the daily NLSL further below.

2015-05-18_USDCHF_update

USD/CHF – awesome entry here this morning and I’m moving my stop to break even.

2015-05-18_wheat_update

Wheat – for some reason this one screamed continuation at me this morning. Very few traders would have taken a long after that long candle last week. Great entry and I’m obviously holding it although I’m pretty sure there will be a LKGB retest of the 100-day. Moving my stop to break/even and Bob’s my uncle.

The future is now – so don’t bring a knife to a raygun fight. If you are interested in becoming a Zero subscriber then don’t waste time and sign up here. A Zero subscription comes with full access to all Gold posts, so you actually get double the bang for your buck.

Cheers,

Monday Morning Briefing

We’ve got movement folks! Apparently things are coming into sync across the board and we’ve got a veritable laundry list of setups this morning. Time to get busy.

2015-05-18_USDCHF_briefing

Here’s the USD/CHF – still looking weak but attempting to paint a floor. Only 1/4R here with a stop below that recent Net-Line Sell Level.

2015-05-18_wheat_briefing

Wheat – boy what a run and it’s now bumping against it’s long time nemesis – the 100-day SMA. I think the right play is to follow those ST Net-Lines but to be short below the lower 25-hour BB.

2015-05-18_ZF_briefing

Bonds are looking primed and ready to rock & roll – five year bond futures retesting the 100-day SMA but I’m taking my cues from the short term panel. Long on a little dip lower with a stop below the lower 25-hour BB.

2015-05-18_ZT_briefing

ZT, the two year bond futures – long here with a stop below that recent spike low.

Quite a bit more below the fold – please meet me in the lair:


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Boy what an avalanche of setups! That ought to keep you guys busy for a while. See you all later this afternoon.

Cheers,

Bluffin’

Pretty relaxed day down here at the lair but we continue to print coin one campaign at a time. It’s been pretty rough sailing over the past few weeks and I’m proud to say that our policy of taking on small but strategic risk has paid off.

Most importantly we have been extremely picky in choosing setups which kept us out of a lot of whipsaw tape. Human psychology often leads you to increase participation during noisy tape – may this be due to revenge trading, over compensation, defense of entrenched opinion, who knows – the rabbit hole of human cognitive biases runs deep. However if you’re playing it by the book you should be fine – you may have not caught every single swing but as I said the other day, our mission during this market phase is survival and keeping one’s powder dry for more directional tape. Message received? Great, let’s move on.

2015-05-11_spoos_update

I’ve fortunately kept short despite a quick spike higher to 2013 this morning – this conniving bitch of a market stopped me out at 2012. But persistent as I am I jumped back in at 2011 seeing the complete lack of participation on the Zero:

2015-05-11_zero

I was prepared for whipsaw and thus far it’s continuing lower. I’m a bit surprised actually as participation has completely flatlined all day. But if you find yourself on the right side of the tape, don’t over think it right? Fortunately the context developing here is extremely positive. Even if we reverse and run higher I’d be happy to flip for long positions as this would actually validate the entry. So I think we’re positioned well and the tape is now working in our favor.

2015-05-11_cable_update

Cable update – I’m taking profits here after a textbook entry two days ago. I could wait for a touch of the upper BB but as I mentioned last week: In this market I’m a bit quicker to take profits – the nimble trader lives another day.

2015-05-11_bonds_trend_trade

Bonds – this could actually turn into a trend day. Very few people would look for short positions here but this is actually what may happen. For right now I’m long but my short trigger is at 153’20.

Juicy setups waiting 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,




    Zero Indicator


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