Event Risk

The sideways drift I joked about this morning seems to have become the modus operandi of the entire session. And as I started to suspect a few hours in we don’t have to look very far for an explanation:

Quite a heaping platter of event risk we’ve got scheduled for tomorrow and I suggest you guys do like me – which is hunker down and wait it out. Not surprisingly we got very little on the setup front today:

AUD/USD may be worth a shot down here as it’s facing a stack of Net-Lines on the daily panel. I’m grabbing 1/4R here with a stop below 0.778. However if it’s not above 0.7814 by tomorrow morning I’ll cut out and run for the hills.

Corn – another experimental play and I’m applying the same approach. 1/4R right here with a stop below the lower 100-hour BB. Must be at 390 by tomorrow morning or I’m dropping it.

That’s pretty much it for me until tomorrow morning after 10:00am EST – keep it frosty and don’t get caught in the obligatory traps and tribulations preceding event periods. Keep your powder dry and live another day.

It’s not too late – learn how to consistently bank coin without news, drama, and all the misinformation. If you are interested in becoming a subscriber then don’t waste time and sign up here. The Zero indicator service also offers access to all Gold posts, so you actually get double the bang for your buck.

Cheers,