One For The Road

This will be my last post before until Thursday as I’m heading out to catch my plane to Paris and then to Los Angeles. This actually works out better than having to take the AVE to Madrid and then grabbing a flight to L.A., especially now that Iberia apparently has apparently ceased servicing the direct route. Let’s just hope those frogs won’t be on strike today – you never know, but at least it’s still out of season over here in Europe.

Suffice to say that I don’t even know what time it is anymore – over the past week I have slowly delayed my sleeping cycle and am now operating on Eastern Standard time. The idea is to pop a Xanax on the plane and hopefully not being awaken by the fat guy they’ve invariably booked right next to me. Anyway, Scott has graciously volunteered to post tomorrow, and his timing couldn’t be any better as we have plenty of movement across the board.

So let’s talk tape! On the Zero we’ve had a pretty wild day with swings on both sides of the spectrum but still favoring the short side. However I do see a bit of a divergence on the hourly (left panel) which is probably due to the fact that we had barely any positive signal spikes yesterday. You guys are probably wondering where we may find support, let’s see:

The E-Mini futures are hanging somewhere in limbo and the only context I see is the weekly NLSL at 2036.5. We haven’t touched it yet and I would like to see that before I suggesting taking partial profits.

I’m posting the weekly and monthly NQ chart here in order to give you guys a bit of perspective. I don’t really have to say it, right? Just look at this monthly panel and marvel at this beautiful trend to the upside. That’s a one in a lifetime move, folks and you’ll probably have to heavily invest in cryonics to ever see anything of the kind again. Now, we are near the monthly NLBL at 4348 here and that ought to be good for a bit of support. On the weekly we got 4286 and 4201.5 plus the 25-week SMA in case we drop lower. I think we’ll probably see an obligatory bounce first.

Update on my open positions – Gold remains lackluster and I’m closing it out with meager profits. The CAD pairs all got stopped out but at least at break/even – so I got out clean on those.

GBP/NZD is on a roll now and I’m advancing my stop to 2.0628.

GBP/CAD – almost got stopped out on that one by a tick! I’m letting this sucker run and keeping my stop at break/even for now.

CAD/JPY – stop out with tiny profits as it turned on a dime. Keep an eye on this one guys – I love the context on the daily and we are now back at the 25-day SMA plus a few Net-Lines. Perhaps you’re able to grab this one long above the SMA or short below it.

ZF – that was a very speculative entry but it’s slowly grinding higher. Stop now at 118.200 – very comfortable to keep this one running while I’m stuck at 35,000 feet.

And that’s me signing off here in Europe. You are in good hands (i.e. Scott) and our open positions are flashing green. Subs – everything is running as usual and I’m going to put up new Thor setups (if there are any) in the next hour. However if there are any unforeseen problems then you’ll have to wait around 24 hours before you’ll hear back. Alright, that’s it for now – I (hopefully) see you all state side.

It’s not too late – learn how to consistently bank coin without news, drama, and all the 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.

Cheers,