How It’s Done!

Watch out world – the Mole is on fire today. Earlier this morning I sent out an email to all subs suggesting 1339.25 as a great separation line between a nasty short squeeze and a touch and drop session. And I hope some of my stainless steel rats were paying attention as we pushed to 1339.5 and then reversed almost instantly. By the way my sincerest apologies for missing it by one tick – I must be losing my touch 😉

We’ve since recovered quite a bit and it’s possible that we close above it. If we do then it’s a technical NLSL failure and I would be long with little exposure and stop nearby below 1339.25.

Not sure why but I literally have juicy setups crawling out of the woodworks today. I would even say that we have a plethora of setups today. So I suggest you roll up your sleeves and join me in the lair:
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Soybean futures – I would be long here after a retest. That candle is a bit too long for my taste and we may churn around here. Ideally I want to see a push higher followed by a retest. Alternative setup is a dip below with a second attempt that fails – at which point we of course take a short position.

Silver – what a beautiful NLBL touch. Short here with only tiny risk a few ticks above that NLBL. And yes, the money trade we are waiting for is of course a breach of 27.4 in which case we are long.

Sugar – a super sweet inside day setup. You know what to do.

Coffee – kissing both SMAs right now. Long here with expectations of a bounce – stop below both SMAs of course. And yes as usual we are being promiscuous and take a short trade if it dips below. Could go either way, so don’t have an opinion.

Gold – that was a nice entry and today’s candle is the gift horse I did not expect – wow! I would take profits pretty soon and consider a short positions on a touch of around 1607ish.

Crude – beautiful NLSL touch – long here expecting a bounce. And of course short if she breaches – you know the playbook at this point.

Currencies – USD/CHF – I am liking the double support here via the NLBL and the 100-hour SMA. I would be long here with little risk via a stop below the NLBL – or use the 100-hour SMA if you like. Also a setup worth flipping if she’ll decide to drop back through the NLBL. Which is admittedly expired by now – so it would not be a technical failure but – heck, this is where I would pull the plug.

USD/CAD – beautiful NLBL retest – great opportunity to take on another position. Yes, a breach here would invalidate the NLBL long setup. BTW, also keep in mind that 100-hour SMA which may serve as support. If she slices through that one it would be concerning for the long side.

Really short term setup on the EUR/USD – may be gone by the time you read this. I would wait for a touch of the 100-hour SMA and try a short as long as she stays below. If we breach we may run up to that daily NLBL. Again, this is a short term setup.

Another short term setup on the EUR/JPY – we have an hourly NLBL plus the 100-hour SMA. You can be short until both a breached. If that happens (my favorite setup) then of course be long until the daily NLBL at 96.69 – how kinky!

And yet another short term setup – are you having fun yet?! EUR/CAD retesting its 100-hour SMA. Again, this may have moved on by the time you read it. My favorite trade here would be a long with a stop below that SMA.

And finally EUR/AUD – tickled the belly of its daily NLBL today and then ran off. I would keep an eye on this for the next few days – have a feeling we’ll get a nice entry there.

That ought to keep you guys buy for a while! Remember – keep it frosty and keep it clean.

Cheers,