Thursday, March 21, 2013

Setups for today

Not a lot of trading today, there were some nice moves but I was not in them. I'm currently short the Aussie dollar, but not too happy with the trade, will let it play out though.

A few setups I'm looking at for this evening and overnight -

6J is at resistance and ADX(7) close to 60, waiting for +60 reading and price to push a little higher.

Soybean oil has a similar setup

Not looking at any ES trades, but will look to fade ZB if it hits 143 '27-'30 area. 
For tomorrow's trading, since there's headline fear over the weekend, ES might sell off a little. So if VIX rises drastically, I'll look to fade it via XIV. 

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