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

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.

2015-04-20_spoos_briefing

Index futures are still in shake out mode -¬†as I told you last week it’s best to stay away for now and let this play out. Thus far my caution seems to have been appropriate – just look at this tape on the hourly and tell me if that’s something you really want to be trading. As a side note – for some reason the 2088/2089 mark produces a lot of context. It doesn’t line up with anything on my charts except that I drew this line when I entered long and then got stopped out right there again. And I remember mentioning this level on previous occasions, so for some reason it keeps coming up. Like this morning when we’re bumping¬†against it after a run higher overnight.

2015-04-20_AUDCAD_briefing

We have nice AUD and CAD related entries today. Which is great but if you take them I suggest very small position sizing as we have pertinent event risk a few hours away. Anyway here’s the AUD/CAD and I am long with a stop below the recent spike low. I’m giving this a few hours to ride higher and produce some distance ahead of the BoC governor speech. If it just hangs around here I’ll probably pull it as I’d be sure to be whipsawed out during the event.

2015-04-20_events

Here’s what we’re facing today – set your clocks.

More setups below the fold:


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I mentioned in the sub only section that I’m taking very small position sizes here. Reason being is that we’re in clear shake out mode on both the forex and equities side. It’s a tough market to be active in and you need to be on top of your game, remain nimble, patient, and not get emotional. All those attributes are easier to fulfill when you don’t really care about pulling a loss – ergo take small positions and know your stops and targets before you enter a campaign.

Cheers,

First The Ramp Then The Camp

This morning I mused that we may be heading into a sideways camp session following yesterday’s ramp off the lows. Seems like that’s just what we’re getting as today’s range thus far has been contained in about 10 handles.

2015-04-07_spoos_update

I mean how much boring can it get? IMO this either resolves higher by the Wednesday close or we’re probably in for more sideways fun. Nothing to do or to think about here – keep your stops wherever they may be and let’s move on…

2015-04-07_crude_update

Update on this morning’s most excellent crude entry. As you recall I went short first and was already set to flip for a long on stop out. Which I’m glad I had set as I wouldn’t have been able to flip quickly enough. This is starting to look pretty awesome and if it pops its head over the 100-day SMA we may have grabbed a perfect seat on a speeding bus.

2015-04-07_ZB_update

Update on bond campaign – what can I say, another PERFECT entry this morning. It’s a bummer so many of you guys are snoozing on those early morning entries. Same to me though – as the old saying goes: it’s lonely at the top (for a reason). If it keeps this up I’ll convert it to a daily campaign above the 100-hour SMA. Will keep you guys posted.

Yep, just a few days back from vacation and the mighty Mole is already trading the house down :-)

2015-04-07_USDCAD_setup

Possible setup on USD/CAD – I’m grabbing a long here. Let’s see if it wants to do another round in the hamster wheel.

More goodies 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.

Cheers,




    Zero Indicator


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