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Monday Morning Briefing
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Monday Morning Briefing

by The MoleSeptember 17, 2012

I hope you all enjoyed a relaxing late summer weekend. Now it’s back to work as I’m seeing a few short term setups of interest on the FX and commodity front. These a very short term setups on my hourly chart, thus if you roll out of bed around noon they’ll be long gone. Let’s jump right in:

EUR/JPY – touched 25-hour SMA support and may attempt to breach that hourly NLBL. 102.9 is your uncle.

USD/CAD – now at its 100-hour SMA. It also just snug by its hourly NLBL – keep an eye out for a breach here.

AUD/JPY – at 25-hour SMA and has already tested its NLBL. So far resistance has been holding but I would be looking out for an SMA breach here.

EUR/CAD – already pushed above that NLBL – kind of, as we’ve been going sideways. Good long with a stop below that rising 25-hour SMA. If you use a trailing stop then I would occasionally slide it higher following that SMA.

ZN futures – at their 25-hour SMA and a NLBL – still good for another two hours.

ZB – wedged between a NLBL and a NLSL – plus there’s the SMA holding it down. IF it can breach higher it would probably be good until 146. If it breaches that NLSL then I think we head lower today.

Sugar – at its 25-hour SMA. Which has been holding in the past few days. This is a tricky one – technically I want to be short but it’s been doing the shake-out game lately by dropping slightly below and bouncing back. I think this is a good short as we are near the spot where it would turn around and there would be little lost. Obviously a push back above that SMA would be a long.

Have at it!

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.
  • newbfxtrader

    @mole daily kind of looks like a double bottom bullish RSI? I am currently long.

  • http://iberianviews.blogspot.com/ catracho

    wow where is everybody?

  • http://evilspeculator.com molecool

    that’s what I would like to know… maybe I should take a few days off myself

  • AMCabrera
  • Schwerepunkt

    We still have ringing in our ears from Bernanke’s carpet bombing of the markets.

  • AMCabrera

    being good boys and waiting for the possible spikes like what just happened in the eur/usd.

  • http://iberianviews.blogspot.com/ catracho

    well the trading in Europe this morning was enough to put everyone to sleep but at least now there seems to be a bit of life in the mkts..!

  • AMCabrera

    my goodness look a the gbp/jpy. ramping and aging shorts i bet LOL!

  • http://evilspeculator.com molecool

    Did ANYONE take that EUR/JPY entry this morning? (of course not… grrrr…)

  • http://evilspeculator.com molecool

    OR EUR/CAD? Those were practically free pips, people!!!

  • AMCabrera

    just now walked in front of computer my liege.

  • Skynard

    Present, took a short /ES at VWAP

  • newbfxtrader

    Yep! Have a bunch of cad shorts in various pairs.

  • newbfxtrader

    /zs broke 1700….

  • newbfxtrader

    cad shorts looking good bro…

  • bdoone

    Jewish holiday today: Looking like a small range, low volume, yet whippy type of day.

  • Rightside_ot_trade

    /CT more of the same of Fridays price action, but almost reaching the upper BB on the hourly

  • newbfxtrader

    Kind of holiday in US…

  • Skynard

    About damn time, see if it amounts to some dark force:)

  • Rightside_ot_trade

    /SB had dojis past 3 hours, now let’s see if it can get it going

  • Schwerepunkt

    This range is tighter than ___________ .

  • Skynard

    Almost ready to fall out of the bed:)

  • Rightside_ot_trade

    /CL might help push it over the edge

  • http://evilspeculator.com molecool

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