TARDIS Trading Techniques

It has occurred to me that the TARDIS, the spiffy multi-dimensional time machine used by the Doctor (you know Who), may prove to be a rather brilliant tool to acquiring ill-gotten gains in the markets. Why bother analyzing charts or building systems if you can just jump forward a day to see what’s going to happen, right? Of course first I’ll have to steal one and for that there is no better place than Cardiff, Wales:

Once I succeed I will of course quit the blog, get myself a shaved cat and then proceed with setting up the TARDIS Investment Trust Syndicate. Sounds evil enough and I really like the abbreviation.

Of course I’m kidding – but only about hunting down time machines. The Mole will be heading to Cardiff tomorrow morning for a martial arts seminar – definitely not for the weather as it’s butt cold over there. Unless my plane makes a detour across Malaysia I expect to be back next Tuesday – just in time to post an update. Scott (The Convict) Phillips promised to put up a post on Monday, perhaps even tomorrow. So don’t panic – the Mole’s got you covered! ;-)

So let’s talk about equities shall we? Let me start with a chart I shared with my subs this morning. And without rubbing it in may I point out that there are certain privileges to being a member here at Evil Speculator? Because that’s what you have been missing. There was a distinct divergence between the GBP/JPY and the spoos this morning and I recommended to my subs to keep a cautious eye and look for continuation lower. Well, guess what happened then?

Ooooii – that’s gotta hurt. But guess what – our daily campaign was stopped out at 1R and thus we got to lock in our profits. Now I would have loved to catch this move lower but it is what is – besides we have been squeezing an R here and another one there on the way up and the down. All of it adds up over time…

Now let’s keep in mind that we continue to see lower lows and lower highs, especially on the NQ and the NDX. The SPX is a bit more bullish but we are once again descending toward daily and weekly support – 1828 on the former and 1820ish on the latter. Unfortunately we do not have any clues or support levels in between. So if we drop through the Monday lows then we will probably pay those medium term support levels a visit.

More directional move on the NG – boy oh boy! This is turning out to be a profitable campaign! We almost – almost touched the 3R mark – it depends on how you count it. I for one am adding a tick (or pip) to the bottom and top of the previous candle – that makes one R. Given that we should be raising our stop to 4,631 today. Let’s see if she’s going to run higher – I always tell you, Mrs. Natgas is a bit of a crazy broad but once you get her going she can be a lot of fun.

AUD/USD – also not looking so shappy – almost touched the 4R mark today – how do you like them apples? But we dropped back below 3R and that means we’ll probably be closing it out. Unless of course it pushes higher EOD and closes today’s candle above 0.9425’2 – in that case move your stop there and keep it running.

And that’s all I got – obviously I won’t be taking on any further trades before next week. I hope some of you have been trading along – it’s been a wild but profitable week. And next week – next week – boy oh boy, do I have a little surprise in store for you guys. I think you are definitely going to love this one. I don’t want to give too much away but I think what Scott and I have brewed up will be a game changer for some of you system traders. More about that next week – see you all Tuesday!

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.


So Far So Good

This morning’s entry on the NQ has already paid off as we just crossed the 1R mark a few minutes ago. Actually I had to go back and retook a snapshot of my charts but was happy to do so. Now as you know per the rules we have to close above the 1R mark – if not then we need to close out EOD.

Here are the respective levels and I even added one tick to the top of bottom which is something we ought to be doing in order to assure proper risk management. As you can see the 1R mark is at 3581.8 and if we close above it then put your stop right there. If not then close out and call it an easy peesy R earned in just a few hours :-)

The general context is looking more bullish again – we just busted through the 100-hour SMA as well as the 100-day and a NLSL we breached last Friday. If it can keep this up then the bulls may just pull this thing out of the mud. However, we cannot dismiss the fact that we are still plotting lower highs and lower lows on the NQ – until that changes the bears still have a good shot at dragging it lower.

Update on our AUD/USD campaign – good news: We just breached the 2R point and that means we are putting our stop right there at the EOD. Once again – should we drop back and close below it then that will be the end of this campaign.

Finally an update on the NG campaign – it managed to crawl its way above the 1R mark and it’s starting to look pretty good. Move your stop to 4,555 and that’s all for this one.

A few more goodies below the fold for my subs:

More charts and commentary below for anyone donning a secret decoder ring. If you are interested in becoming a Gold member then don't waste time and sign up here. And if you are a Zero subscriber you get free access to all Gold posts, which gives you double the bang for your buck!

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

Now that should keep you guys occupied for a while – have fun but keep it frosty.


Bounce It!

Equities seem to be hooked onto Juicy J’s recording studio as they’re on their way to winning his much publicized twerking scholarship (cough it back up Ms. Holmes!). Now we’re back at the bottom of ‘ze zone’ and whether we’re bouncing back up now is of course the big question as there’s not too much in terms of technical context.

As a matter of fact all we really have right now is our trusted volume profile chart on the spoos:

As usual a spike into the no fly zone after which point the bids dried up quickly. Basically we’ve now built our house of pain with the floor being near 1830 and the roof somewhere around 1880 – 50 handles of market maker bliss.

If you haven’t lost your appetite for equities then that IP candle on the NQ may look tasty. Triggers on the chart – not a bad range and I may throw 1/2R on it.

I tried to get in early this morning but got whipsawed out. That hourly NLBL would have been a great catch per our plan but it didn’t work out for me.

Gold update – I actually realized that I committed an operator error. Technically I should have closed out on Friday as it had touched 1R and then pulled back. Well, sometimes it’s better to be lucky than to be good – I’m staying in it and will move my stop to 1306 – 1R locked in.

NG – almost touched the 1R mark today and here we also will keep her running.

Wheat – a setup this morning which I also tried to get in but then got stopped out. Afterward I was heading to the gym and I missed the spike higher. BUT this is a textbook example of an inverse H&S as that little head fake is very very typical. The perfect entry IMO would have been that little IP near today’s bottom. If you caught it then call yourself one lucky bastard (probably not – if so speak up and reel in your glory). Anyway, good chart – keep it around as a great example of H&S formations. They are not easy to trade despite their popularity.

AUD/USD update – 1.5R in one day – that’s how we like it. Move your stop to 0.9339 – you’ve locked in one R.

More below the fold for my intrepid subs:

More charts and commentary below for anyone donning a secret decoder ring. If you are interested in becoming a Gold member then don't waste time and sign up here. And if you are a Zero subscriber you get free access to all Gold posts, which gives you double the bang for your buck!

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


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