Open trading account 
Temperatures over here in Spain are slowly crawling higher and the locals are busy preparing for the annual onslaught of UV deprived Northern Europeans (and a few Americans as well). Down here at the lair air massive air conditioning units are running in overdrive as my charting/reasoning abilities degrade inversely with every degree Celsius higher on the scale. There has been very little activity here yesterday and the tape did its best to keep everyone bothering to pay attention bored to tears.
However when the bus is empty it often winds up picking up speed. Although I'm getting concerned on a medium to long term basis equity futures are looking solid here on a short term. If you are ever looking for a textbook example of a clean diagonal with nicely separated touch points then look no further than the E-Mini futures today. If I don't wind up heading to the beach or gym then I will probably grab a long position if we retest that diagonal.What I like about it in particular is that the 25-hour is merging with it right now and that gives us dual support. Put your stop a handle below and don't play more than 1/2R - if it pops it'll be worth the hassle. However if we wind up gyrating sideways again don't waste your time - you'll probably get a pretty good idea of where we're heading in the first hour of the NYSE session. If in doubt consult the Zero indicator, which by the way was flatlining most of yesterday.
The NQ dons a similar pattern and although I would follow the ES it may be worthwhile to split your 1/2R between those two. It's always good to see those two get into alignment when things are looking bullish.
EUR/USD - I'm going to play a tiny position here (1/4R) with a stop below the recent low. It's a speculative entry - a bit of a lottery ticket based on an early formation. Those patterns either take off like gangbusters or die in their cradle - we should know soon.
Believe it or not the damn ATM here in Valencia has starting to print derogatory Dollar jokes on my paper receipts. We expats get no respect over here!
A few more Forex goodies waiting below the fold - please step into my lair...
However when the bus is empty it often winds up picking up speed. Although I'm getting concerned on a medium to long term basis equity futures are looking solid here on a short term. If you are ever looking for a textbook example of a clean diagonal with nicely separated touch points then look no further than the E-Mini futures today. If I don't wind up heading to the beach or gym then I will probably grab a long position if we retest that diagonal.What I like about it in particular is that the 25-hour is merging with it right now and that gives us dual support. Put your stop a handle below and don't play more than 1/2R - if it pops it'll be worth the hassle. However if we wind up gyrating sideways again don't waste your time - you'll probably get a pretty good idea of where we're heading in the first hour of the NYSE session. If in doubt consult the Zero indicator, which by the way was flatlining most of yesterday.
The NQ dons a similar pattern and although I would follow the ES it may be worthwhile to split your 1/2R between those two. It's always good to see those two get into alignment when things are looking bullish.
EUR/USD - I'm going to play a tiny position here (1/4R) with a stop below the recent low. It's a speculative entry - a bit of a lottery ticket based on an early formation. Those patterns either take off like gangbusters or die in their cradle - we should know soon.
Believe it or not the damn ATM here in Valencia has starting to print derogatory Dollar jokes on my paper receipts. We expats get no respect over here!
A few more Forex goodies waiting below the fold - please step into my lair...