And Now For The Shakeout

To be frank I was a bit surprised to not see a more persistent attempt to breach the volume hole near 1440. But I’m not about to argue with the tape and the current shake out for us means new entry opportunities across the board. As I’m not completely useless I did alert my subs to a juicy short term opportunity a few hours into today’s session:

Here’s what I sent my subs – if you either saw my email, my comment, my tweet, or the flood light projecting Mr. Evil onto the clouds then I hope you took out some short positions.

It’s been a sea of red candles every since and I don’t see any substantial support until 1415.5. If the 100-day gets sliced then we may hold at 1410. Until then I would take some partial profits and let the rest ride.

BIDU – interesting setup actually. The hourly is looking bullish but the daily is facing a NLBL and the 25-day SMA. I’m long here with a stop below the 25-hour SMA. Should it give way and we close below the NLBL then I may take out a short position.

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Cheers,

This entry was posted on Thursday, December 13th, 2012 at 2:45 pm. Both comments and pings are currently closed.



  • http://evilspeculator.com molecool

    Subs – please check your email.

  • Joe_Jones

    Thank you again. Come thinking of it, you’re quite useful ;-)

  • Schwerepunkt

    Subs?  You mean Unterseebooten? :)

  • AmazingLarry

    Bear trap on long term SB or is it going to fall into the chasm of nothingness below? 

  • http://dartht.blogspot.com/ Zen_Gerb

    back from lunch….aaaaand bounce off 1417 
    a proper test of that ol’line.

  • Joe_Jones

    Seems somebody called the cavalry to save the day.

  • http://dartht.blogspot.com/ Zen_Gerb

    you started it.  taking those shorts off the table.
    ;-D

  • Joe_Jones

    You call me big pockets? I’m no Skynet ;-)

  • http://dartht.blogspot.com/ Zen_Gerb

    Soon.

  • Joe_Jones

    That’s what she said… ;-)

  • http://dartht.blogspot.com/ Zen_Gerb

    AUD/JPY back at 25ma hourly.

  • http://evilspeculator.com molecool

    I do have my moments says Mrs. Evil.

  • http://ibergamot.blogspot.com/ i Bergamot

    Great.
    Obama having Boner at La Casa Blanca after market close.
    (Don’t you love my English)

  • http://dartht.blogspot.com/ Zen_Gerb

    Market close in a in few, look sharp.

    Spoos
    http://s10.postimage.org/dw9dupzfb/temp1.png
    -Gerb

  • Skynard

    Watch for 1420 backtest/springboard effect after the close:)

  • Joe_Jones

    and for the rest there is Mastercard… ;-)

  • Joe_Jones

    You have no idea how tired I’m to see that we have stuck in this FFFFFFF volume hole again

  • http://dartht.blogspot.com/ Zen_Gerb

    speaking of.
    do volume holes ever get filled?  or is it the quick transition across the hole that creates self perpetuation?

  • Skynard

    That was it?

  • http://dartht.blogspot.com/ Zen_Gerb

    that’s what…oh nevermind.

    dead cat bounce off 1417?

  • Skynard

    AUDJPY held up nicely through all that jazz.

  • http://dartht.blogspot.com/ Zen_Gerb

    he he,
    Like I said, 87 or 89.
    the 1 day 1 minute looks like a SINE wave.

  • Skynard

    yep, waiting paitiently:)

  • Microwave_Prince

    Life is a sine wave.

  • AMCabrera

    http://content.screencast.com/users/AMCabrera/folders/Jing/media/7a53c389-d64f-4109-b4a8-bd12ef8e0578/2012-12-13_1648.png
    NIEN! I hope this makes the kaiser happy. Here is a great setup. Really this one is a winner it could be a straight drop to 86.00. Yes im short I have too.

  • Skynard

    Would like to do the same, that sucka seems like it’s on steroids lately though.

  • AMCabrera

     sucka better continue performing then a drop to 86.00 seems perfect. I called it “operation crescendo” along with my nzd/usd shorts. 

  • http://evilspeculator.com molecool

    Hehehe…

  • Skynard

    /ES hopping, looks like a shakeout for sure:)

  • AMCabrera

    I have not even paid any attention to it in what seems like ages now (few months) but the nikkei is one epic run.

  • Microwave_Prince

    AH gapfest.

  • http://dartht.blogspot.com/ Zen_Gerb

    /ES 1422.50
    that’s just evil.  suck in all those bears close of day.
    of course I’m tempted to put a T in it, but why bother?  4pm tomorrow, right?

    now truly evil would be the smart guys are loading up on puts as this thing rises. (and a Death Sentence next week)
    but nobody will know for sure.

  • Skynard

    Price exceeded the 78 and has a nice div on the hourly. That thing seems like it moves 1-2% swings:)

  • Microwave_Prince

    12/21 probably. Just because the market is that lame.

  • itcomesupinwaves

    Be ready for an algo-driven, ping pong market [i.e. Skynard buying/selling]

  • http://dartht.blogspot.com/ Zen_Gerb

    aaaand back down to 1418.
    BS.  lame lame lame.  currencies.  forget the Circus.

  • AMCabrera
  • Skynard

    Hum, yes things look like we could start using the flip button:)

  • AMCabrera

    12 hr chart for nzd/usd is absolutely vixen

  • itcomesupinwaves

     yeah you may have nailed it did you short 0.8450?

  • Rightside_ot_trade

    /NQ weekly with a possible RTV Buy just under 25WMA
    it’s in it’s 5th period so needs to trigger tomorrow.
    Of course ES YM & TF already have new highs this week,
    but aren’t in RTVB’s, a negative divergence if no trigger in NQ mañana

  • newbfxtrader

    Follows the yen weakness. Over the next few years this could really get ramped up as the yen gets trashed.

  • newbfxtrader

    Right there with ya senor.

  • newbfxtrader

    I think you had a target of 88 or something nailed it bro.

  • newbfxtrader

    No holes on the FX side only parabolic looking charts come on over lets start shorting…

  • AMCabrera

    yea, but you have to figure I have taken losses so Im not really that excited yet.

  • Skynard

    /DX sitting on hourly NLSL with a monthly at 79.72.

  • AMCabrera

    really aud/jpy the smell of my stops ass is too much i guess for this pair to resist. almost popped. high so far 88.36 my stop 88.40

  • Skynard

    /NKD in the green now after being down nearly 1%. 

  • Curiousmind3861

    is there a reason why yen just tank again? It has been tanking non-stop..causing audjpy to go parabloic

  • AMCabrera

    well nikkei was down 54 something points now its only down 8 or so.

  • Curiousmind3861

    btw have you pulled your audjpy shorts yet? I was long back when it was at 80 but exited for very small gain, thinking when the market correct, it would drop more…but after a month, spx down 100+ points but audjpy keeps going higher…

  • AMCabrera

    oh yea definitely I never became aggressively short this one when I stop going long a few months back myself. I then only went short with stops really close by. HENCE me getting stopped out here again 88.40. Ill place a short order at 88 now and just go to bed I guess. 

  • Curiousmind3861

    for the past few days, audjpy has been advancing almost 50 pips per day, by this rate it will be 100 before year end ..

  • newbfxtrader

    Elections coming online Abe has promised to be aggressive in weakening the yen. If he doesnt win the yen will get stronger. Even if he wins the weakness is probbaly priced in by now.

  • newbfxtrader

    http://www.businessinsider.com/japans-election-is-coming-up-on-monday–and-the-yen-has-been-getting-creamed-2012-12

    I have been waiting for this for the past couple years. If politicians can force the BOJ to commit suicide the yen will weaken considerably. This the kind of stuff that leads to hyperinflation. Hyperinflation is always a political event not a central bank run amok.

  • newbfxtrader
  • http://evilspeculator.com molecool

    Creo que voy a llamarte Don Quixote de ahora en adelante :-)

  • newbfxtrader

    You may have to wait until Sunday for the top Senor check the links I posted. For now better short aud/usd.

  • newbfxtrader

    Advance will stop on Sunday. 100 is a given but not now next year.

  • Skynard

    Long /ES 1413.25

  • http://evilspeculator.com molecool

    ¤ø„¸¸„ø¤º°¨¤ø„¸¸„ø¤º°¨ 
    ¨°º¤  S H A K E   N ¤º°¨ 
    ¸„ø¤º° B A K E !“°º¤ø„¸
    ¸„ø¤º°¨¤ø„¸¸„ø¤º°º¤ø„¸

  • ronebadger

    I see that…so, what’s the trigger, 2700?  (then onward, to infinity?)





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