Fish In A Barrell

While most of you leeches remain hypnotized like moths by the spasmodic flames which are consuming hapless victims on the equities side, we stainless steel rats have been banking coin courtesy of the laundry list of AAA graded setups I have been delivering here on a daily basis. I told you guys you’re going to miss out again and this time was no different.

Let’s start with the obligatory spoos update. Not much to be said here – we’ve got a total flatline on the Zero Lite which means there’s no participation today. Could mean anything and most likely it’s a bit of a shake out before they ramp it.

However, we may not be done yet – quite a distinct divergence on the GBP/JPY today.

Same on the EUR/JPY – short term it’s pointing down. Possible we may see a further slide on the equities side EOD.

NZD/USD – I told you guys to get back in on a second breach and that happened today. Banked us 1R today and I actually intend to keep this one open as well. My new stop would be at b/e.

Wheat – our first campaign earned us 1R and we just banked another courtesy of the IP we painted yesterday. Judging by the overall pattern (left panel) we may have a runner here. Thus I have decided to keep this thing going even if we close back above the 1R mark today.

Copper – back at the trigger point – this is your 2nd chance to get in.

Gold – now at its make or break point. If it pushes above 1310 then she’s going to take off like a rocket. That was one sweet entry and had you been a sub you would have known about it (hint to you leeches).

Dollar – looked at that position when I came back from the gym and I couldn’t help but laugh. Didn’t I say it always pays to bet on Dollar weakness near major inflection points? That short right below the daily/weekly SMA combo paid off nicely. Plus there’s a new setup on the table – more below.

CAD/CHF – IP trigger yesterday (we subs got in late and avoided the shake out) and she’s off to the races. Again I’m leaving my stop at the b/e point.

So there you have it folks. I’m trying to make this as easy as it gets but in the end you guys have to pull the trigger. That said, let’s get to the setups – we have a plenty!

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Have at it boys and girls – FWIW, I would enjoy to see less P3 talk and more constructive participation here. I’m glad everyone’s finally showing up to work but is anyone banking coin? Participation here is not a rite toward becoming a successful trader but it sure helps.

Cheers,