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Happy Monday Morning Briefing
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Happy Monday Morning Briefing

by The MoleMay 19, 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.

Equities still struggling for bids this morning and this thing could swing either way. I am considering a long here on a second breach of today’s IP-L trigger. However I would only grab 1/2R and then add another once we breach the magic ES 1880 mark. Of course the short side is an option if we breach the lower IP trigger today. But again I would scale up my exposure – sideways volatile tape is unkind to Ivan style setups, so we have to remain nimble.

However, this is not my favorite setup on the equities side – I keep that one for my intrepid subs πŸ˜‰

The AUD/CHF may be to your liking we have a bit of BB compression going on here and after pretending to give up its 100-hour it may just be ready to make a run for it. Long above 0.835 with a stop below the NLSL. I forgot to point down on the NLSL breach – meaning I would be short if it falls through it in the next two hours (before it expires).

More below the fold – please step into my lair:

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See you guys later this afternoon.

Cheers,


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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