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Tuesday Morning Briefing
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Tuesday Morning Briefing

Tuesday Morning Briefing

by The MoleMay 7, 2013

I think yesterday’s session serve as a great example of how to play the swings via the E-Mini. At minimum cutting your current positions upon seeing Mole reversal signals (i.e. the blue arrows) is usually advisable. Observe:

It got a bit busy there at the very top but once the spoos rolled over the ensuing correction was wait a stop out or two. In addition with your existing swing trading tools the Zero should be an essential part of your arsenal. For more details check the tutorial page or simply ask away in the comment section.

Since I got to pimp my wares I’m making this a freebie. EUR/USD back at its 100-hour – great inflection point.

A LOT of commotion in the Yen today. First runner up: AUD/JPY – I think a slide lower here would be more fun as the 25-hour is diving lower.

AUD/NZD – similar musings, if you’re not short here then wait for a little pull-back toward that SMA.

CAD/JPY – only interested in a bounce here at the Net-Line Buy Level.

GBP/JPY – currently short with a stop above the SMA.

NZD/JPY approaching its 100-hour – wait for a touch!

USD/JPY – may be painting a LKGB – if she breaches higher I’d be long after 99.3.

Crude facing its 25-hour again – could go either way. I would prefer the long side.

Soybeans – tough to see with all those bubbles but I want to be short as long as it remains below 1378 – long – meh…

 

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,

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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 the usual social media waterholes.
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