Not Seeing The Forest For The Trees
I think it’s once again time for an intervention. I’m seeing a lot of complaining about the tape here and quite frankly to me it’s a bit of a head scratcher as there are tons of great setups out there. It’s possible you may not be seeing the forest for all the trees!
And you don’t even have to look for setups yourselves, mind you – the Mole dishes them out every single morning. For mysterious reasons however I don’t see any pertinent commentary and it’s rather clear to me that only a minority of you guys are participating. To busy contemplating the Cyprus drama? I certainly hope not. Well, I just opened up this morning’s update to everyone – so feel free to verify the updates I’m posting here:
Well, if you missed out on that sweet AUD/CAD setup this morning then please ask your loved one to administer a swift kick to your behind courtesy of the Mole. Seriously now – this was almost free money. I should be ashamed for how easy this one was – but fortunately I’m shameless 😉
Talking about the spoos – yes, a bit of a snoozer today but if you took that 100-hour touch then you ought to have banked some green.
Ditto on the NQ – it’s not a fortune we banked here but it’s like that guy who got arrested for holding up some poor ole’ grandmother. When asked how he could rob the poor woman for a lousy five bucks he replied ‘well, five bucks here – five bucks there – it adds up!’
USD/CAD – boy – it doesn’t get much better than this – we bet on continuation lower and got more than we bargained for.
AUD/NZD – originally was hoping for a breach higher but it dropped below the 100-hour and thus became a short. I’ll be taking profits now.
Soybeans – coiled up, breached the upper diagonal and I don’t think it’s done just yet. Advancing my stop a little bit and will hold out for 1452.
Natgas – also was expecting a slam down here (per the prior pattern) but fortunately I don’t have strong opinions. The breach of that 100-hour was a long signal and I’ll be getting out here.
That’s how it’s done – even if you caught only half the setups you should be done for today.
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