Evil Forex

I have FX setups crawling up my ass today – boy oh boy – we’re going to have so much fun. And for good measure I’m throwing in two super juicy commodity setups as well. That’s right – this is how we roll here at Evil Speculator.

As I said over the weekend – even if ole’ bucky rolls over it doesn’t mean that equities are going to find a bid right away. Hence we do not trade correlations and always listen to our charts. Anyway, ole’ bucky is at its NLSL – as I have no directional bias this is a good long trade until we get stopped out a few ticks below 82.57. Which by the way the trade I am really holding out for – but we’re not there just yet.

Quite a bit more where that came from – please step into my disgustingly cheerful mediterranean lair:

Alright, let’s do this by theme. Net-Line trades first. USD/CHF approaching NLSL at 0.9601 – this is a long trade until we get a breach. And yes, as on the Dollar we have no compunction about flipping this trade if we get that breach. Probably the better direction but we wait until we see the whites in their eyes, damn it!

EUR/USD – the inverse situation – play it the same way but make sure you stand on your head while doing it.

And another NLBL gymnastic for you – make sure you stretch before taking this trade. Seriously now – same story as the EUR/USD. Don’t try to guess the direction here – it’s a short until we see a long breach.

Okay – now on to the man course: Cable is giving us a sweet inside day + NR4 setup. Due to the fact that it’s been sold to hell in a handbasket I would mostly be interested in a long setup here.

Next runner up CAD/JPY – same story – you know what to do.

AUD/JPY – you guessed it – inside day + NR4. Am I spoiling you guys too much? 😉

And then there’s gold. ALSO painting a ID + NR4 – and even better it’s after a short squeeze from hell. I am going to sacrifice a chicken burger to the evil lord asking for the favor of a short breach here. If it goes down then don’t overstay your welcome – a lot of penned up emotion/momentum in PMs right now.

And if we haven’t had enough fun already – Soybeans also jumping into the fray with an inside day + NR4. We’ll take that until they start trading Soylent Green futures – the way the world economy is going we’re probably just a few years away from that. By the way, it’s sitting right on its 100-day SMA so I would take this puppy either way.

That ought to keep you guys quiet for  while 😉

Cheers,