Futures Setups

Since a lot of folks appear to be shell shocked after today’s massive plunger in equities I thought I may interest you in a few futures setups. How about it? I’ll give you one for free – the other two are subs only:

Cocoa looks a bit extended and I would not usually play this daily setup. However there is a nice net-lines cluster on the hourly and if you’re in Europe or Asia this may be a great way to get positioned. Go long on a close above the NLBL, then put a stop slightly below – I’ll leave that in your capable hands. OR go short on a breach of the hourly NLSL – same game, just the inverse. What makes this particularly tasty is the inside candle right now. If that one closes then you know the rules already – I hope. Or just ask Scott – oh wait, that Aussie bastard is taking yet another vacation! I guess you are on your own.

Alright, two more symbols for the subs:
[amprotect=nonmember] Charts and 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.
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Treasury futures – the 30 year. Again we seem to be a bit extended and it’s worthwhile risking a few ticks on a short position here. But let me warn you – the odds actually support continuation, so you must be extremely disciplined with your stop, which I have pointed out on the hourly.

Let’s add some Corn to our diet. It’s kind of hanging there but I do like that inside candle on the daily. So again – you know the drill. As soon as yesterday’s lows are breached you are out of there! But until that happens you go long now and risk just a few ticks for a possible short squeeze. Again, the odds support continuation to the 630 mark but a setup is a setup and I think ole’ Scotty would approve.

Have fun and keep it frosty – these are speculative low probability high return trades. So that’s your mind set, meaning act like a fucking Prussian and be disciplined. When your stop is being hit that is it! Got it? Good!

Cheers,