Binary Monday

I hope you all had a chance to relax and enjoy your extended weekend. But that all ends right now as things appear to be in motion – it’s time to put our game faces on. This is where we are: Equities have descended to the point where further selling would most likely trigger a tsunami of stop triggers. Make no mistake, this is the make or break point, zero margin for error here. Which for the discerning market megalomaniac means we are looking at a number of binary entry opportunities across the board.

Let’s dive right in. The E-Mini futures have been pushing rope since early October and what follows from here is anyone’s guess. The downside scenario at this point has slightly higher odds than the long scenario but I am willing to enter on either side given the thresholds shown on the hourly panel. ISL would be placed on the opposing threshold and if triggered turn into an opposing campaign. Yes, getting whipsawed is a consideration, so don’t let greed lure you into getting over extended.

Gold is looking pretty bullish but we’ve all ben fooled before. Which is why I am again considering both sides via the respective triggers shown on the chart. Same idea as with equities, if stopped out flip for an inverse position. You may easily automate this by doubling your stop position size. If you do this consider that your account equity will be lower by at least 1R so consider this and thus reduce the inverse position accordingly.

Plenty more waiting below the fold for my intrepid subs:

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