Come To Daddy!

You guys have been quiet today which hopefully is not a sign of inactivity as we are knee-deep in profitable setups, especially on the FX and commodities side (see my prior post about silver and crude). Let’s revisit two which are soon ripe for the plucking:

Euro/Yen – we went long near support at 102.50 and it’s been one juicy short squeeze ever since. As previously stated – I’m holding out for 108 and may start scaling out slowly starting tomorrow.

Then there’s the USD/CHF, which completely fell off the plate today and is now heading toward the 88 mark. I’ll be waiting – mmwwwuuaahaahaaaa!! Alright, I’m taking my pills now – no worries…

Cable did us the courtesy of holding support yesterday and if you took that long setup you’re looking pretty green right now – and not with envy like everyone reading this who wasn’t a sub yesterday.

A few new excellent setups for my intrepid subs – please step into my dusty lair:

Dollar/Yen – excellent inside candle setup. I initially didn’t like it but fortunately we bounced around quite a bit today which gives us less space between both tops and bottoms. You know the drill – if not please consult the Evil Speculator cheat sheet.

Aussie/Yen – a potential RTV Sell setup: I would be short on a breach of today’s lows.

Put the Loonie on your map – I think a breach of par could be golden, especially since the 25-day SMA is offering resistance right o the spot. Could get us at least to that next NLBL – probably higher.

Euro/Swiss – could be a nice continuation trend trade. It failed its NLSL and everything is starting to drop on this one. I’m short with a tight stop above that NLSL – let’s see what happens.

UPDATE – I just put together a wrap up video of today’s Zero indicator session – make sure to watch it in 720p:

Another good example of how to trade a trend day – enjoy!

Cheers,