Scaring The Children

You guys are pretty quiet today so I take it most of you are getting ready to enjoy the last summer weekend of this year. In some ways I’m a bit sad to say goodbye to the hot weather here in Spain. But then again – fall is when it gets really busy here at the lair, and I’m definitely looking forward to inflicting some damage on whoever finds him/herself on the other side of my setups 😉

So we’re scaring the children a little today – which is not surprising given the level of participation last Wednesday which invariably lures in some of the top chasers (a.k.a. retail). I don’t see anything of interest on the daily but the short term panel dons the 100-hour SMA and I may just try to put up a small long position with a stop below 1705. It’s a speculative play and I won’t throw more than 1/2 R on it but would build it up if it goes my way (if you play along use Bernie’s Pyramid Calculator).

Pretty nifty RTV-S on the ZN futures – on the inverse we actually have a hammer long (H-L) as we are in a bonafide uptrend as defined by a spike low, a higher spike high, and a higher spike low. Really curious as to how this plays out as we’re at the upper 25-day BB. Both setups will be good starting Sunday night, so put it on your list.

Good stuff below – my favorite setups for today are on the Forex side. Please grab your secret decoder ring and step into my lair:

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And now you know what time it is – I for one have to attend to that delicious bottle of Hefeweizen waiting in my fridge. Aaah – simple pleasures…. wishing you all a very relaxing weekend!

Cheers,