All In A Good Day’s Work

It’s all smiles down here in my sunny Mediterranean lair – account flashing bright green and I have converted several ST campaigns into daily ones (more on that below). Judging by the thundering silence none of you guys followed suit here yesterday afternoon which is extremely disappointing. Not to boast but my seven year track record suggests a pretty high success rate in flagging important inflection points.

The E-Mini once again turned on a dime right at the lower 100-hour BB, which was one of the support zones I pointed out this morning. Tough one to catch IMO unless of course…

…. you were a Zero subscriber – then you may have seen this one coming. Textbook signal divergence during today’s lows and although you may not have nailed the very bottom I have an inkling some of my Zero subs were able to slip in a few longs here 😉

Alright, let’s catch up with the ongoing campaigns which I converted into daily ones as of now. NZD/USD now looking pretty solid and I’m leaving my stop at break/even for now. Giving this a lot of space to run.

EUR/JPY – also great entry there yesterday but we’re heading into daily resistance. My stop is already at break/even which may bite me in the ass if we get a LKGB retest.

EUR/USD – sorry to say that it’s looking good as well – there goes my cheap exchange rate I guess, bugger! Also facing resistance here on the daily soon.

AUD/USD – SOLID!!! I’m taking 50% off the table here as I expect a correction at the 25-week SMA, plus after banking 2R+ that’s more than in line with my system rules.

AUD/CAD – damn – this one literally exploded higher. I’ll be taking partial profits above 0.965 where the 100-day SMA awaits.

Wheat triggered on Thor.0 the other day, which is still in beta, and as this is turning into a textbook campaign I wanted to post it here as well. The whole idea behind Thor.0 is that it stays in the campaign as long as possible – we have a theoretical 20R target but don’t expect that one to ever be hit. In contract Thor exits at the 4R mark which is appropriate for that particular strategy. The main difference between those two is that Thor.0 triggers during strong trends as well as the onset of big run – success rate is 50/50 but once it gets going it can go on for weeks.

Corn was another Thor.0 entry and I think the original Thor would have taken 4R profits by now. As you can see the weekly is offering support here and this is where this campaign may fail. It has already taken 50% off the table at the 2R mark and now it’s basically a matter of whether or not this one turns into a runner. The BBs on the daily are about to start falling lower and if that happens there’s nothing but air below.

Crude update – yes, I’m still in that one. Many analysts are expecting this to be the highs for now but I’m not so sure. It’s been holding up pretty nicely and those 100-day SMA is starting to compress. I’m leaving my stop below that NLSL at 53.93 – let’s see if she decides to move against the common consensus, wouldn’t be the first time.

Bonds – a possible setup today. I’m actually waiting to be precariously long here today near 161 and if my stop nearby gets touched I’ll turn it into a short. Why? Well, look at the daily panel – could drop like a rock from here until about 154.

The future is now – so don’t bring a knife to a raygun fight. If you are interested in becoming a Zero subscriber then don’t waste time and sign up here. A Zero subscription comes with full access to all Gold posts, so you actually get double the bang for your buck.

Cheers,