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Friday Briefing Update
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Friday Briefing Update

by MoleOctober 19, 2012

We’ve got movement people and I’m feverishly working on my daily post. However, let’s first do a quick revisit of our early morning setups I proposed in the morning briefing:

AAA prime rib entry on the spoos this morning – we are at possible support and I recommend you take partial profits if this is a ST trade for you.

Bonds – I told you guys to watch that Bollinger and as it breached it was your cue to get long. Also time to take ST profits.

No dice on copper – I was expecting a bit of support there (to my defense I myself was skeptical) but my stop got hit almost immediately.

Great entry on USD/CHF and I’ll keep it running for now.

Similar idea on NZD/USD – it could reverse here but I’m going to hold this one into target. My stop is a bit below entry (above the 100-hr SMA) thus I would still get out without a loss.

It’s been a good day so far – but I’m not about to rest on my laurels 😉

Cheers,


About The Author
Mole
Mole created Evil Speculator amidst the chaos of the financial crisis in early August of 2008. His vision for Evil Speculator is a refuge of reason, hands-on trading knowledge, and inspiration for traders of all ages and stripes. You can follow him and his nefarious schemes at various social media waterholes below.