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Friday Morning Briefing
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Friday Morning Briefing

by The MoleMarch 28, 2014

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.

Equities have been holding soft support in accordance to the level of participation I observed in yesterday’s session. No guarantees or reason to jump to conclusions but things are looking a bit more positive as of right now. The TF is currently plotting above its 25-hour and an hourly NLSL – so far so good (for the bulls that is). As you recall I currently do not have a dog in this fight as I closed out near the EOD per my campaign rules.

Setups – quite a bit of activity on the Forex front this morning. Here’s the USD/CAD which I expect to continue its current ST trend lower. My entries are on the chart (the opposite entry representing my respective stop). A long is possible here as we have very good context courtesy of the 25-hour SMA.

More below the fold for my intrepid subs – please step into my lair:

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Cheers,


About The Author
The 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.
  • captainboom

    Mole, the Zero is stuck on my end.

  • http://evilspeculator.com molecool

    Running now – sorry, the one hour difference threw me off. Europe switches this Sunday finally so then I’m back in the old rhythm 🙂

  • Rightside_ot_trade

    /CC big short squeeze after inside day trigger and reversal with a qualified trend line breach , now looking like an outside day, missed it as I saw no setup on shorter term charts
    Weekly still in momo uptrend this year

  • Rightside_ot_trade

    /KC in an uptrend on the hourly since Monday’s low, 100 ma above at ~183

  • Star.p Choi

    I joined as Zero member today and installed fire fox and reload plug in.
    Then entered URL: http://evilspeculator.com/zero/zero.png
    But the picture never changes… Any help?

  • Rightside_ot_trade

    Mole I’m not clear on the chart timeframe spike low you are using for the stop on ZB

  • http://evilspeculator.com molecool

    Did you read the tutorial? it’s ALL explained here:

    http://evilspeculator.com/?page_id=2472

    You either use the plug-in to auto-reload the actual image:

    http://evilspeculator.com/zero/zero.png

    or you use this page:

    http://evilspeculator.com/zero/zero.html

  • http://evilspeculator.com molecool

    If I enter on an hourly chart then that’s what I use – if it’s a daily chart then I use that.

  • ridingwaves

    hey rats, it’s too quiet right now in the matrix, I’m all cash, waiting for Neo to make appearance for more action/volatility ..good weekend to all

  • Sean

    /TF coming up on the 100d sma…

  • Skynard

    Blowfest, we have sequence of lower highs. This is bearish IMO:)

  • http://evilspeculator.com molecool

    ¤ø„¸¸„ø¤º°¨¤ø„¸¸„ø¤º°¨

    ¨°º¤ø„¸ N E W „ø¤º°¨

    ¸„ø¤º°¨ P O S T “°º¤ø„¸

    ¸„ø¤º°¨¤ø„¸¸„ø¤º°º¤ø„¸

  • http://evilspeculator.com molecool

    Well, you could participate instead of waiting for others 😉 Plenty of material we covered here recently. No thoughts?