Told You

Alright now put down your mobile phone and try to pay attention for more than ten seconds.

2015-04-22_zero

This razor bladed chop fest is exactly why I kept telling you guys to stay the [expletive of your choice] out of equities right now. But you wouldn’t listen, would you? Just had to burn a chunk of your ill gotten gains trying to prove that you’re smarter than the market. Which you aren’t – and neither am I – or the next guy for that matter. Perhaps next time you’ll listen?

Because when I say ‘stay out’ – I mean it.

2015-04-22_silver_update

Chart of the day – silver. Really made my day as I snagged a few forex stops. Never be afraid of taking that next entry – but always make sure to plan the trade and trade the plan.


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Cheers,

Make That Money

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.

2015-04-22_EURCAD_briefing

Forex and the futures are on fire this morning, so let’s do this. EUR/CAD – good long here with ISL below 1.413, be generous with your stop.

2015-04-22_silver_briefing

Silver – it’s still shiny and I like it long right here with a stop below 15.93. Below that I’ll be short but it’s not my favorite direction as the downside seems more limited.

You want more? Better pay up and join the club – leeches only get to see the tip of the iceberg ;-)


More charts and commentary below for anyone donning a secret decoder ring. If you are interested in becoming a Gold member then don't waste time and sign up here. And if you are a Zero subscriber you get free access to all Gold posts, which gives you double the bang for your buck!

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You have been briefed. Now go and make that money money money!

Cheers,

Sideways High Impulsive Tape

It’s the worst market period of them all – sideways high impulsive tape, a.k.a. SHIT. I’m the first one to admit that the current market phase is taking its psychological toll. Which is why I am spending as little time as possible looking at my roster of charts. The short term panels seem to be running like a hare since about the time I returned from Mexico. The first few days were great but it’s been a pretty brutal grind since the second week of April and I’m very tempted to buy another flight ticket and head to a nice beach without Internet access.

2015-04-21_spoos_update

Alas I have a responsibility to steer you guys through difficult times as well, which is part and parcel of what you subs are paying me for. Which is why I hope you can forgive me if I start sounding like a damn broken record as of late. Stay the heck out, don’t touch this tape, no edge here, don’t you dare press that buy button, take small position sizes, stay nimble, extra picky, keep your powder dry – heck I’m sick of listening to myself at this point! Where’s the fun in that?

Problem is however – we’re not here to have fun really. Although I do my best to lighten things up on a daily basis trading your own money is a dead serious endeavor and it only takes a few weeks of bad decisions to wipe out a big chunk of your principal. So please take me very serious when I beseech you to not get drawn into crappy tape. There is no real reason to participate here and as soon as that changes you will be the first to know.

Repeat after me: Cash is a position!

2015-04-21_CADJPY_setup

That said – the lowly Mole knows to extract promising setups even in the most dire of times. Here’s CAD/JPY which is looking pretty promising today. We have a double IP near the 100-day SMA and means we got a binary entry opportunity. On a breach in either direction tomorrow put your stop on the inverse entry trigger and Bob’s your uncle.

A few more below the fold for my intrepid subs:


More charts and commentary below for anyone donning a secret decoder ring. If you are interested in becoming a Gold member then don't waste time and sign up here. And if you are a Zero subscriber you get free access to all Gold posts, which gives you double the bang for your buck!

Please login or subscribe here to see the remainder of this post.

Don’t worry folks – even this market phase shall pass. It always does and your patience will soon be rewarded once the fireworks season starts again. Just ask Captain Boom ;-)

Cheers,




    Zero Indicator


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  3. recent misdeeds

    1. Monday Morning Briefing
    2. Thar She Blows!
    3. Thursday Morning Briefing
    4. Told You
    5. Make That Money
    6. Sideways High Impulsive Tape
    7. Tuesday Morning Briefing
    8. Chop Chop Til You Drop
    9. Monday Morning Briefing
    10. Chasing The Market’s Tail



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