Now Reading
Tuesday Morning Briefing
34

Tuesday Morning Briefing

Tuesday Morning Briefing

by The MoleApril 8, 2014

Welcome to our morning briefing. Here we are reviewing short term setups ahead of the NYSE opening bell. If you are a scalper or swing trader then these setups may be of interest to you. As usual keep in mind that these are short term setups although they could be used as early entries for more longer term positions.

The GDP Estimate released by the NIESR is due to be out this morning around 10:00am EDT – it’s a big one for the Brits and I recommend you stay out of GBP pairs ahead of time.

Equities have descended lower overnight but I’m seeing the possibility of a ST entry right now. Long the NQ above 3,507 with a stop below the psychologically important 3,500 mark. Inversely being short below 3,500 with a stop above the NLBL may be a good play (sorry for not painting that on the chart).

A little H&S formation on the hourly wheat chart. Interesting and I am tempted to slip into a few long contracts on a breach of about 675.5 – the 100-hour SMA is producing a pretty good neckline here. Good setup IMNSHO.

CAD/CHF – a bit more speculative but again I like the formation as it’s still in a daily uptrend. Long above 0.807 with a stop 10 pips lower. I’m not so hot on the down side here – but yes she could move fast if she breaks, so proceed at will.

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,

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.
Enjoyed this post? Consider a small donation to keep those evil deeds coming!

BTC: 1MwMJifeBU3YziDoLLu8S54Vg4cbnJxvpL
BCH: qqxflhnr0jcfj4nejw75klmpcsfsp68exukcr0a29e
ETH: 0x9D0824b9553346df7EFB6B76DBAd1E2763bE6Ef1
LTC: LUuoD6sDWgbqSgnpo5hceYPnTD9MAvxi6c
PayPal: https://paypal.me/evilspeculator