Now Reading
Forex Wednesday Morning Briefing

Forex Wednesday Morning Briefing

by The MoleDecember 10, 2014

Welcome to our morning briefing. Here we are reviewing short term setups ahead of the NYSE opening bell. If you are a scalper or swing trader then these setups may be of interest to you. As usual keep in mind that these are short term setups although they could be used as early entries for more longer term positions.


I’m highly skeptical about equities this morning – it looks a lot like it’s about to drop lower. Which is exactly why I am taking 1/2R long here near the 25-hour SMA. Emotions are a great indicator that the tape is affecting your judgment. Best to fade it and technically this is worth 1/2R.


Plus we have a TON of other markets to get busy in this morning, especially on the Forex side. AUD/NZD – I’m long here with a stop below 1.077. Why so low? Because it has a recent history of shaking out early entries and then run off the opposite direction.


Gold – waiting for a long entry here above the NLBL at 1235.6. My stop would be below the recent low at 1225.

Quite a bit more waiting below the fold – please join me in the lair:


It's not too late - learn how to consistently trade without worrying about the news, the clickbait, the daily drama and 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.

Please login or subscribe here to see the remainder of this post.

You have been briefed – now have fun but keep it frosty. See you guys later this afternoon.


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.
Enjoyed this post? Consider a small donation to keep those evil deeds coming!

BTC: 1MwMJifeBU3YziDoLLu8S54Vg4cbnJxvpL
BCH: qqxflhnr0jcfj4nejw75klmpcsfsp68exukcr0a29e
ETH: 0x9D0824b9553346df7EFB6B76DBAd1E2763bE6Ef1
LTC: LUuoD6sDWgbqSgnpo5hceYPnTD9MAvxi6c