Now Reading
Wednesday Morning Briefing

Wednesday Morning Briefing

by The MoleMarch 26, 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 whipsaw continues – yesterday’s candle produced an inside day period which theoretically has already triggered a long. Thing is though – I didn’t take it yet.

As you all know I have been playing the TF and it kicked me out of my short campaign at break/even yesterday. It has also produced an inside period but that trigger has not been breached yet.

If you look at the hourly then you see the 100-hr SMA holding up here – at least as of now. So this gives me additional context and in this crazy tape I need all the help I can get. So if I get a long breach on the TF then I’m willing to take that trade – of course we also have a short trigger on the books, just for the record.

Quick update on one of our short term entries from yesterday morning, the NZD/JPY. It triggered as hoped and has been working its way higher rather nicely. As we may have a runner here my approach will be similar to the campaign management we employ on CrazyIvan.30 which is geared toward trending charts. After the ISL it advances stops further to the most recent spike low. The last one I see was at 87.85’6 – at least on my TOS feed – two candles ago we produced a double bottom and that one doesn’t count.

More goodies below the fold for my intrepid subs…


It's not too late - learn how to consistently trade without worrying about the news, the clickbait, the daily drama and 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.

Please login or subscribe here to see the remainder of this post.


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