Friday 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.

I don’t know why but I literally have setups crawling out of the woodwork today. Since I’m in a festive mood and I’m going to make this a freebie, so leeches rejoice! Let’s start with Cocoa butting against its 100-hour SMA – you know the drill: long on a breach and short if it fails in the next hour or so. I’m showing a bit of context in the daily panel as a long breach of the NLBL would probably drive us quite a bit higher.

Copper on the slide. I’m currently short with a stop above the 25-hour. If she reverses then flip positions near 3.68.

The 30-year is painting an interesting formation and I’m still considering my options (pun intended). The arrows show my long/short triggers – I would take a long as soon as it starts butting against that diagonal resistance/neck line.

The 10-year is looking quite a bit more bearish. Here I’m short with a stop above the SMA.

Corn – short again with a stop above at 723. Not my favorite trade today but technically valid.

But the real fun is on the currency side today – here’s the greenback which is still hanging in the balance. Use the 25-hour as your trigger line. Frankly this is more of a correlation chart – the better setups are below:

AUD/JPY – unfortunately this one already ran off, sorry – that sometimes happens. Actually I had a few more JPY related setups which were picture perfect but have since run off. &@^@%!

AUD/USD – I’m currently long as the SMA is rising but willing to flip if we drop below 1.052ish.

Great setup here on cable as it’s wedged in between two ST SMAs.

NZD/USD is still in the works – get it while it’s hot!

USD/CHF is trying to breach that 25-hour. I’m long with a stop below the SMA.

Sorry again about those JPY setups – all of the major pairs were on an inflection point a few minutes ago and then suddenly took off. But I think we have enough to play with here, right? ;-)

It’s not too late – learn how to consistently bank coin without news, drama, and all the misinformation. If you are interested in becoming a subscriber then don’t waste time and sign up here. The Zero indicator feed also offers access to all Gold posts, so you actually get double the bang for your buck.

Cheers,

This entry was posted on Friday, December 14th, 2012 at 8:43 am. Both comments and pings are currently closed.

  • http://dartht.blogspot.com/ Zen_Gerb

    AUD/JPY – yes, by all means, keep an eye on it.

    If you don’t believe in the T’s, for Evil sake, watch the bollinger.
    I think 666 would work too.

    http://s8.postimage.org/v8ngxm7mb/temp1.png
    -Gerb

  • http://evilspeculator.com molecool

    I’m not taking any prisoners today!

  • Schwerepunkt

    Not a signatory to the Geneva Conventions? 

    USD.CAD loitering above Ichimoku support, but it’s below both the 100/25-day. I’m betting Ichisupport holds again today.

  • newbfxtrader

    Ran away? You are talking like sky now! Just tell me which way the next 1000 pips are headed….couldnt care less about a 200 pips drawdown…

  • http://evilspeculator.com molecool

    A setup is a setup. If there’s nothing to hang your hat on then it’s tough suggesting an entry. But you do whatever works for you.

  • http://twitter.com/BunDanceKid Bun Dance Kid

    Anyone else have a dead Zero?

  • captainboom

    Yes.  Stuck at 08:18 New York time.

  • http://twitter.com/BunDanceKid Bun Dance Kid

    yup, that’s it for me too.

  • Joe_Jones

    Nooooooooooooooooooo!!! [JJ jumps from his balcony in total despair...and land miraculously unscathed on the grass 3 feet below]

  • newbfxtrader

    Hehe. I guess I am the only “long term FX” trader on this team. I like your weekly long term setups. Gives me maps. So far so good. Up over 200% in a couple of accounts. The more I sit on my hands the more I make. The more I try to screw around the more I lose!

  • ridingwaves

    apple just hit 360..will it blow thru..last time it hit rocket north was good..

    http://s11.postimage.org/45paf3bwz/apple_today.jpg

  • Joe_Jones

    never thought of using that sma

  • Joe_Jones

    Seriously Mole, have you ever considered having a buzzer surgically implanted so we can page you when the zero is kaput?

  • Skynard

    Jim’s dead?

  • captainboom

    He’d be shaking like he was in an epileptic fit right now if he did that.  We’d all be pressing the button like someone trying to speed up the elevator doors closing.

  • ridingwaves

    cuts out lot of noise on long term view…

  • captainboom

    Any chance you have a target?  I’m looking for 470 for sure.

  • Skynard

    Full long position /ES for a test of last nights high. Driving blind:)

  • captainboom

    Zero’s back up.

  • http://twitter.com/BunDanceKid Bun Dance Kid

    The starting handle worked, then, Mole? Good on ya.

  • newbfxtrader

    Heres an example. I did catch a lot of it but I would have done much better if I just let it be. I posted the first chart here a few weeks ago for someone. I dont recall if he was going long or short.

  • http://evilspeculator.com molecool

    Sorry guys – not sure why but the uploader blew up.

  • http://evilspeculator.com molecool

    Say again?

  • Joe_Jones

    hehehe. Seems the simple thought of it made it work again.

  • http://ibergamot.blogspot.com/ i Bergamot

    I don’t have a position on ES, but have a target of 1410ish for Dec ES. Not much down from here. Question is: will it stop? 

  • http://evilspeculator.com molecool

    Sorry guys – was having late lunch. And I had just reset it but didn’t notice that the uploader was muerte.

  • http://dartht.blogspot.com/ Zen_Gerb

    you need some real time monitoring.

    ie: http://newrelic.com/product/real-user-monitoring

    or application monitoring

    http://newrelic.com/product/application-monitoring

  • http://evilspeculator.com molecool

    Well, this is not about finding different entries – there’s always a setup if you are a good trader and know how to read charts. There are a million and one methods to pick entries, right? But what I do here is very specific BECAUSE IT WORKS repeatedly for many styles and shapes of traders. Getting positioned near important inflection points can benefit a scalper, swing trader, day trader, even a medium term trader. It’s extremely difficult catering to everyone – after all I’m not just posting for you otherwise I would have to rename the blog to evilnewbfxtrader.com ;-)

  • http://twitter.com/BunDanceKid Bun Dance Kid

    Zero she work encore again!

  • Joe_Jones

    Hehe, you got away with it this time. Next time it’s out, if you feel itchy on your forehead that will be me sticking needles in your avatar. ;-)

  • http://evilspeculator.com molecool

    My site is real time monitored. It’s tougher to do that with the Zero because it’s running on TOS and the uploader is another beast altogether. I think I ‘could’ write a script that sends me an SMS when there are no new screengrabs BUT in this case for instance I was having lunch and I’m not glued to my desk/phone all day.

  • http://evilspeculator.com molecool

    Maybe I should consider raising my sub fees if you guys are this demanding :-)

  • Joe_Jones

    said the leech.. ;-)

  • Joe_Jones

    that it does

  • http://evilspeculator.com molecool

    Yup…

    Well, it’s been pretty reliable/stable all year – outages are rare, but of course as with anything they happen. I work hard to keep things going and monitor things almost 16 hours per day. But something always slips through – it’s not easy.

    But I don’t mind you guys bitching when something breaks – in general you all have been extremely forgiving.

  • http://evilspeculator.com molecool

    So anyway, how about them setups?

  • ridingwaves

    p&f chart is more bearish but I don’t have a target that makes cents with seasonality right now..

    http://s13.postimage.org/stngnawnb/apple_pf_chart.jpg

  • Joe_Jones

    Jokes aside, you have done an amazing job managing the zeros, whilst moving from one continent to another.

  • Joe_Jones

    only if you promise to travel around the world once a year with the raise.

  • ridingwaves

    I don’t know how mole does it…he must live off ovaltine..

  • Skynard

    ZL hourly thinks it is a fake:) Short squeeze will pursue me thinks!

  • Joe_Jones

    I suspect Mrs. Evil deserves some credit too. Behind every genius there is a woman pulling the strings. hehehe.

  • newbfxtrader

    Lol. You are going great. Great setups. The weekly long term charts help me a lot. When I have time for scalps I use your short term setups. 

  • Joe_Jones

    Bulls are not allowed to fail here. I don’t see a direction yet. Just a bloody battle.

  • bdoone

    EPIC: SPX 50d 1415.14 & 100d sma 1415.38

  • Skynard

    /DX short triggered:)

  • ridingwaves

    true…any thoughts on /NG looks ripe for turn..

  • Curiousmind3861

    It does seem like the long dollar bus is quite empty. Look at Asia, they are selling the dollar like crazy. Today dollar is not rallying with weak equity..

  • http://ibergamot.blogspot.com/ i Bergamot

     Good stuff. Been watching Cocoa for awhile. Thanks for pointing that NLBL. Have  etf for it NIB. Not very liquid, but considering $20 spread in futures, not bad. Volume profile is similar too

  • Rightside_ot_trade

    In two of the currencies

  • AmazingLarry

    US Steel “X” getting bid up. Long off the 200 SMA. Could really have some legs if it can clear the overhead resistance/volume hole it’s at right now. 25% short float with 4 days to cover.  

  • http://evilspeculator.com molecool

    Two steelrats, that’s it?

  • http://ibergamot.blogspot.com/ i Bergamot

     Me, rat?
    I’m just a fruit

  • http://evilspeculator.com molecool

    You really want to chase this candle??

  • captainboom

    Hourly inside bar on /ES.

  • Joe_Jones

    Well spotted. I have my entries set.

  • http://evilspeculator.com molecool

    I guess you don’t go back this far:

    http://evilspeculator.com/?p=1147

  • Skynard

    Bucky is tanking:)

  • Curiousmind3861

    short squeeze in EUR? CAD is the only weakling against dollar..

  • Schwerepunkt

    Yes, look at daily USD.CAD Ichi-moku . . . 

  • captainboom

    I always enjoyed the S.S. Rat novels by Harrison as well.  Very saucy stuff at the time for a young boy.  Might do me good to re-read them for fun.

  • AmazingLarry

    Not chasing it. Hit my bid this AM off the 200 which I had set a few days ago. Apparently everyone else had the same idea. 

  • Curiousmind3861

    I remember you post from yesterday, spot on !!

  • Pervergence

    Swiss Franc making a nice move

  • http://ibergamot.blogspot.com/ i Bergamot

    No, I didn’t know about you back then. Looks fascinating, will read later
    Loved Harry Harrison too. Bought a book with all 3 novels for my son, but he didn’t like it. Old Sci-fi is too cartoonish for him.
    “The future is now”
    And Blade-Runner:
    “A new life awaits you in the Off-world colonies! A chance to begin again in a golden land of opportunity and adventure!”

  • Joe_Jones

    Ok, short entry triggered. 

  • http://evilspeculator.com molecool

    What else is new…

  • bdoone

    Much mush pressure there.  stop run/bear trap maybe.

  • Joe_Jones

    We’ll soon find out. A set-up is a set-up though.

  • ridingwaves

    entered NG position..

  • Pervergence

    DX was a little bear flag there……classic

  • Pervergence

    Look at aud go…..

  • Skynard

    Hehehe, a little shake before the squeeze:)

  • Pervergence

    exactly……DX might hit the low of two days ago……

  • Skynard

    In preparation for OPX next week:) RUT leading the way.

  • Pervergence

    Swiss Franc is almost to the top of the big candle

  • bdoone

    IWM was in bull flag (5 min) at same time.  Just as it looks like a meltdown USD drops/EUR rocks…
    waiting for some kind of “joint press conference from White House” bullshit.  Politicians mighty quiet today.
    Mental masturbation, I know, boring tape lets the mind wander.

  • Skynard

    Damn, taking profit already:)

  • Skynard

    Wow, anyone see that fakeout on the 5 min signal. Cool!

  • Joe_Jones

    saw that. 

  • Joe_Jones

    looks like one side is about to get pegged.

  • Joe_Jones

    Guess what, I just entered an EURUSD short. 

  • http://evilspeculator.com molecool

    Couldn’t do it without her.

  • http://evilspeculator.com molecool

    Your son needs an attitude adjustment. How can you not like Slippery Jim!!??

  • http://evilspeculator.com molecool

    At least you guys are working today – refreshing. Currencies are real fun today.

  • http://evilspeculator.com molecool

    Reached target on AUD/USD.

  • AmazingLarry

    Explain, please. 

  • http://evilspeculator.com molecool

    Target on USD/CHF.

  • http://evilspeculator.com molecool

    Reached target on NZD/USD.

  • http://evilspeculator.com molecool

    Reached target on GBP/USD.

  • ronebadger

    VXN is still above upper BB

    I looks like AAPL is holding up EVERYTHING….. come on!

  • http://evilspeculator.com molecool

    Taking ST profits on corn.

  • http://evilspeculator.com molecool

    Taking early profits on ZB (bonds – 30-year).

  • AMCabrera

    so is it my turn yet to reach targets?

  • ridingwaves

    dupe…

  • Skynard

    Could be setting up for the perfect storm:)

  • http://dartht.blogspot.com/ Zen_Gerb

    Muwahahaha.

  • http://dartht.blogspot.com/ Zen_Gerb

    the leads are weak.

  • http://evilspeculator.com molecool

    ¤ø„¸¸„ø¤º°¨¤ø„¸¸„ø¤º°¨ 
    ¨°º¤  S H A K E   N ¤º°¨ 
    ¸„ø¤º° B A K E !“°º¤ø„¸
    ¸„ø¤º°¨¤ø„¸¸„ø¤º°º¤ø„¸

  • http://evilspeculator.com molecool

    :-))

  • http://evilspeculator.com molecool

    Let me guess – none of you guys took the setups. Oh, I remember – two, right? LOL :-))

  • ridingwaves

    Done for today, my heart goes out to the parents of the children killed in Conn. today..I’m torn..

    what is going on America…shooting kids is truly evil..




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