Roll Up Your Sleeves
Today seems to be entry day across the board as I’ve got promising looking campaigns crawling out of the proverbial woodwork. And it’s about time as I can tell a bunch of you guys were getting antsy in recent weeks. Watching and learning may have its merits but we’re here to bank coin, so let’s get to it.
Before we get to the goods, some campaign updates. AUD/NZD is still looking in pretty good shape and after a spike to 1R MFE our stop remains at break/even.
USD/CHF wasn’t so lucky as we got stopped out at break even. I do think that this one has a lot of potential and if it bestows us with a retest of the current spike low then I may be tempted to jump back in here. I’ll definitely keep you guys in the know, no worries.
10-year bond futures are progressing slowly but steadily. I think it’s fair to move our stop to break/even at this point as it scraped 1R MFE.
Soybeans continues to annoy us but the formation on the short term panel is producing a ton of context that may be of use later, assuming of course it can muster up the mojo for a jump higher.
I grabbed a long position on natgas a little earlier today and it’s a good entry right now. But odds have it that it’ll probably gyrate around a bit more, so wait for a good fill and don’t chase it. FYI – we call this the widow maker for a reason – don’t grab more than 0.3% on this one.
On the forex front we’ve got AUD/USD which looks like it’s ready to exploit yet another round of Dollar stomping. Quite frankly you could probably get a better entry on this one today or tomorrow but heck, I got to post it now. So it’s up to you – go long here or wait for a little dip lower.
Plenty more where this came from. Please grab your decoder ring and join me in the lair:
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