Setups Galore

The setups just keep pouring in today – these are the kind of times we rats are waiting for. Let’s pick up where we left off on the previous thread – a very good call on gold which the Mole exited too early:

Perfect entry – as I keep saying we are going to short this biatch at the 100-day SMA until we’re sick of it. If you’re still in this then you can lighten up here as this is a long candle. But it’s permissible to keep a few lottery tickets into 1623.

Silver is looking equally fatalistic today. Not much to do on this one either but I would watch gold for a sign of a bounce.

But I’m just getting warmed up – we’re having ourselves a regular smørgasboard of setups today. Copper is near a bounce zone but since almost everything is in contagion mode today I would wait for a sign of a reversal before exiting and taking on long positions. Again, we got a perfect entry on this one.

A lot more where this came from but you gotta be a stainless steel rat to get a peek:
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Inside day on 30-year bond futures (ZB) – you know what to do. If you don’t please consult the cheat sheet.

Ditto on the 10-year future contract (ZN). Simple pleasures…

Wheat – you guessed it – inside day! And a whopper of one with a tiny range. That’s the way we love it. Scott – can you give us your rules on large engulfing before the inside day candle? Unfortunately I have no statistics on this one but prior experience suggests we may see either a snapback or a large follow up candle.

On to currencies where the AUD/jPY presents us with the coveted inside/inside day candle. But the next chart will show you why this could turn into the setup of the month (not that we didn’t already bank enough coin in this quarter):

Boy oh boy – this is the stuff the Mole lives for! An inside/inside day near an important inflection point – this is the final line in the sand for the longs. I’m getting giddy just thinking about what could happen here.

EUR/JPY – inside day!

NZD/USD – not a setup right now. I presented this one a few days ago and put it on your watch list. I really hope you heeded my call as we really slipped over that Rubicon. Nothing to do until we get to target. FYI – this is what I hope will happen on the AUD/JPY side.

USD/CAD right at a NLBL – can’t guarantee this one breaks out but it’s a setup worth taking when it does. A bit of resistance above but we’ve been in a range for a while and if we make it above 0.992 we could be golden.

Inverse situation on cable – I think we can be long here with only a few pips of risk. And as you can imagine I would flip this trade in a heartbeat if stopped out. As a matter of fact I hope that this is what will happen.

Okay, that should keep you guys busy for a while 😉

Cheers,