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Lazy Thursday
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Lazy Thursday

by The MoleOctober 29, 2015

Equities are holding pretty strong after yesterday’s FOMC tea leaf interpretation panic stop run. I don’t assume that many of you are still holding any long positions but if you are then I suggest you simply continue to trail and let things run their course. On the setup side I’m seeing very little of interest today. The two exceptions:

2015-10-29_GBPCAD

GBP/CAD is a long here – my stop has been placed below that spike low on the hourly. I very much like the configuration on the daily panel as I’m seeing plenty of support below.

2015-10-29_EURAUD

EUR/AUD – also a long here with a stop a respectable distance away, below 1.53. I’m not certain if we’ll see another retest of the 100-hour SMA. It’s rising so that works a bit in our favor.

Otherwise I have a few issues to deal with today. Please keep up the productive discourse -I’ll chime in when I can.

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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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