Now Reading
Tuesday Morning Briefing
Contents
54

Tuesday Morning Briefing

by The MoleJanuary 29, 2013

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.

The E-Mini is currently testing its 100-hour SMA. Excellent spot to get positioned – I’m standing by to jump in based on which direction she breaches.

The AUD/JPY has a lot of support looming below and I think this is a good spot for a long with a stop below the 100-hour. If that one breaches the last line of defense is the lower 25-hour BB – that goes and we go to 93.4.
[amprotect=nonmember]
More charts and non-biased 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 or Geronimo subscriber it includes access to all Gold posts, so you actually get double the bang for your buck.
[/amprotect]
[amprotect=1,13,9,12,5]

Cocoa at resistance. I”m short with a stop above the 25-hour.

USD/CAD approaching support – with some luck it’ll touch that hourly NLSL which is near the 100-hour SMA.

CAD/JPY at support – you know what to do.

AUD/USD heading into a pincer ambush – the 25-hour from the SW and the 100-hour from the NW. There will be blood! For the noobs, here’s the translation: There will be a breach of one of those SMAs – maybe both. Use that to structure your trades – it’s all about inflection points.

[/amprotect]

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.