Now Reading
Smiling All The Way To The Bank
26

Smiling All The Way To The Bank

Smiling All The Way To The Bank

by The MoleJanuary 8, 2015

If you’re a steel rat and paid attention Tuesday afternoon (or this morning) then you should be smiling all the way to the bank by now. Excellent drive higher in equities today although there was a brief moment when it looked like we may fail VWAP. But so far so good and as long as we hold the 2050 mark momentum ought to be taking over here.

2015-01-08_zero

Here’s where things got a bit iffy earlier this afternoon. But the ZL signal pushed back above the mark and things are holding together so far. Just to show you guys that divergences often pop up mid session – in the end you always need to monitor price and participation, especially near the VWAP levels. A pretty good sign is when VWAP doesn’t even get touched and the tape turns a few ticks above – that happened twice today and we may just see acceleration before the bell.

2015-01-08_NQ_update

The NQ gave us another entry this morning which worked out brilliantly. You now have a choice – take profits here or move your stop to b/e and convert it into a daily campaign.

2015-01-08_spoos_update

On my end I’m up to 6R right now and have moved my stop to the 5R mark below 2043. That was one sweet (and fast) campaign – I’d love to hang in there but as we’re still nibbling on the 25-day SMA I’m keeping my stop at 5R and see what happens. IF equities drive higher here then I may loosen my stop a bit, i.e. keep it below the 25-day for a while.

2015-01-08_EURJPY_setup

Found a nice Forex setup today – EUR/JPY. I want to be short here with a stop below the 100-hour SMA (left panel). Could turn into a LKGB play and there’s nothing but air below. However if I get stopped out I am definitely swapping this for a long with a stop below the 100-hour. Easy peasy lemon squeezy.

Alright, that’s all I got for today – see you on the other side.

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.

Cheers,

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
PayPal: https://paypal.me/evilspeculator