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Monday Morning Briefing
47

Monday Morning Briefing

by The MoleMay 18, 2015

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,


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 the usual social media waterholes.
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  • Skynard

    /DX filled hourly gap

  • Skynard

    Crude bulls failed by the looks of it.

  • DudePlunger

    Took a 1R loss overnight trying to go long the EUR/USD.

    Long AUDNZD right now.

  • http://evilspeculator.com molecool

    What system?

  • DudePlunger

    My intraday version of Thor.

  • BobbyLow

    Hey DP, I’ve got to correct something that I said the other day. I feel kind of foolish admitting this but I’ve recently found that there was no way in hell that I could maximize my system triggering off the daily. For one, my stops had to be so wide on the daily that it reduced my size too much. And because of a much slower triggering basis, it also reduced my number or trades. So there was the double whammy of smaller size and fewer trades. Duh! I had thought that because of the potential for longer runs that it would make up for fewer trades. Nope.

    I’ve traded the relatively same system with 90 Minute, 4 Hours, 6 Hours and Daily. Right now, I’m back to 6 hour charts for Forex and 195 Minute Charts for NYSE Stuff.

    All of my time frames work. But finding the time frame that works best to maximize profit over time is a challenge.

  • Billabong

    Tell that to the buyers … lots of big block buy side on UCO.

  • newbfxtrader

    I am not crying 🙂

  • Skynard

    Lol, /DX 93.80 now support

  • Skynard

    Big move is coming in crude

  • Billabong

    Lower? Follow-through on Friday’s hangman?

  • Skynard

    What is the trend? Golden opportunity

  • Billabong

    Up – since 18 Mar. Daily / weekly are up and monthly just went to buy.

  • Billabong

    Since you gave me a rhetorical question, I was referring to a short term follow-through … not my trend position … LOL

  • Billabong

    Since you gave me a rhetorical question, I was referring to a short term follow-through … not my trend position … LOL

  • Skynard

    LT the trend is still down. Perfect place to continue the move south.

  • Billabong

    Ok … I have had a sell signal on CL since the 7th. I’m surprised oil has stayed above $60. This is a tough discussion depending on whether your looking at a big move up or a medium term move verses a retest of the lows at $43 or a trading range.

  • Skynard

    Watch 60 crude

  • HeadNShoulder

    machines pressing buy button again…

  • Billabong

    What buy button? YM / NQ / ES flatter than a turd run over by a car tire…

  • HeadNShoulder

    check that last 5min pump

  • Billabong

    I’m on the daily and hourly. One area moving is coal; stocks down 6% and ETF down 1.5%. It’s like the Administration wants to destroy the coal industry without an orderly transition to other energy sources.

  • ridingwaves

    woohoo- today’s spike higher and 88% return forced me to sell other 1/2 at 1.27 resistance…..posted trade here on 4/14…will re-enter if it drifts back down to .90’s again….time to scout for another trade…

    http://s4.postimg.org/jxgl4f61p/GTXI_WHY.jpg

  • ridingwaves

    picked up some RUT short..Volatility long….

  • Skynard

    Going back to long AUD and Pound

  • DudePlunger

    Totally greed. It’s abut you more than anything.

    I’ve found comfort with using the Daily as guidance to enter on the 8hr, 6hr, or 4hr.

    The 8hr especially is easy for me to see all the rollovers, as they happen 5pm, 1am, and 9am EST.

  • http://evilspeculator.com molecool

    480?

  • DudePlunger

    Mostly 480, but I mix in 240 & 360 as well. Moving forward, I’m aiming for a 70% 480, 30% 240/360 split.

    AUDNZD I got in on the 240 at 9am EST this morning.

  • BobbyLow

    Just went Short GBP/USD.

    Still Long GBP/JPY. Bands tightening on this one but stop is in place.

  • http://evilspeculator.com molecool

    How’s everyone?

  • Bucks1

    Fantastic….long qqq still….waiting until vix hits close to bb then cash in and wait for qqq short

  • Skynard

    Holding up, good start on the week:)

  • Skynard

    60 test on crude coming

  • Skynard

    Trying short on the 5 min div.

  • http://evilspeculator.com molecool

    Bonds didn’t really go as planned :-/

  • http://evilspeculator.com molecool

    Wheat is good, USDCHF, AUDCAD, etc. excellent. EUR/AUD a tosser. So far a mixed day but slightly in the positive.

  • http://evilspeculator.com molecool

    Zero completely flat today.

  • BobbyLow

    No complaints Boss.

    Forex doing well and Sector ETF’s net mediocre so far today.

  • mugabe

    any day the euro tanks is a good day 🙂

  • Billabong

    Be honest … your in the “zone”.

  • Billabong

    Waiting….

  • DudePlunger

    Just holding AUDNZD. Stop’s at breakeven, free trade at this stage. Holding for 3R, which is above the daily nearest spike high.

  • ridingwaves

    JUNK is div also

  • Skynard

    Parabolic? Na, full short position. Seeing some big moves

  • http://evilspeculator.com molecool

    ___ ___ ___ __ _ _ __ __ ___ __ _____
    | __| _ __/’ _/| || | | V | __|/ _ _|
    | _|| v / _|`._`.| >< | | _/ | _|| / || |
    |_| |_|____|___/|_||_| |_| |_|___|_||_||_|

  • http://evilspeculator.com molecool

    Parabolic would come back down – the term is exponential.

  • OzarkHillBilly

    Listening to one of the first mixtapes I ever made from my turntable days, as I watch charts. Reminding me of how much time and effort it takes to get really good at anything.