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Tuesday Morning Briefing
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Tuesday Morning Briefing

by The MoleFebruary 5, 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.

Overnight the E-Mini managed to sneak back up above its 100-hour SMA. So far so good and I’m currently long with a stop below the current candle’s low (~1498).

EUR/CAD testing both its 25-hour and an hourly NLSL. I mostly interested in a bounce here – if it happens and it manages to climb above that NLSL I’ll be long.
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NZD/USD – good long right now  – as long as it manages to hold that 100-hour SMA sneaking up from below.

EUR/USD – I’m currently long with a stop below that NLSL. Speculative setup and I am only holding a small position.

Nothing on the commodities front today, sorry folks 😉

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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.