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.

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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,

Time To Start Paying Attention

I’m sensing an increasing amount of mental exhaustion right here in the comment section. I can’t really blame you as it’s perfectly natural to start feeling frustrated after several weeks of sideways volatile market conditions across all four verticals (i.e. equities, bonds, forex, futures). However – I think I have done a pretty good job of keeping you guys out of trouble, plus things are slowly coming into sync here. I can’t promise that we’re at the cusp of a new (and hopefully more directional) market phase – but judging from the roster of setups waiting in the bullpen below I think it’s time to start paying attention again. So let’s get to it!

2015-04-27_spoos_update

Boy did I have it wrong on the E-Mini this morning – my prognosis was that we’d hit the ground running after around 2115 but as soon as it happened the tape turned on a dime. I did however anticipate the possibility of a last kiss goodbye move to the downside, so if you catch the Es near its 100-hour SMA then a small long entry has pretty decent odds. If 2103 fails then we may be dealing with a false break out and that means we’re back in hell for another week or two.

2015-04-27_copper_update

Copper campaign update – great entry this morning and she’s looking hot! Moving my stop to break/even now.

2015-04-27_NZDUSD_update

NZD/USD – even better entry and my evil plan seems to be unfolding as planned. Also moving my stop to break/even here.

2015-04-27_USDCHF_update

USD/CHF – now that was interesting! That blue line signifies the daily NLBL at 0.9493. I grabbed a long position right after that touch and my ISL remains below 0.9493. Still early in the game however and we could see another drop lower.

2015-04-27_eurusd_setup

We got a ton of juicy looking setups today – here’s the EUR/USD which (much to my chagrin) appears to be bent on pushing higher. I am waiting to grab a long near 1.086 with a stop below 1.0818.

2015-04-27_AUDCAD_setup

AUD/CAD – long here with a stop below 0.9475. Definitely like that formation on the daily.


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Please login or subscribe here to see the remainder of this post.

Cheers,




    Zero Indicator


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