Discretionary Trading
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Banking Coin
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Banking Coin

by The MoleNovember 27, 2017

While you lowly mortals are slowly awakening from your tryptophan induced slumbers the mighty Mole is already banking coin whilst selecting future victims for lawful extraction of ill-gotten gains [insert evil laughter of your choice]  As tough as this racket may be at times and despite the personal toll it invariably takes on us over time – you’ve got to love that feeling of waking up in the morning and realizing that your campaign has produced yet another R overnight. As a trader by heart and evil speculator by trade this more than makes up for all those dark times when find yourself on the losing end of the market’s zero sum equation.

2017-11-27_spoos_update

We didn’t have much in the running over the long weekend but as the saying goes, it’s quality not quantity that counts, right? E-Mini stop out on Friday during a little spike lower, which barring a crystal ball could not have been avoided IMO. But 2.2R in the bank and we aren’t going to complain, are we now?

2017-11-27_VIX

Incidentally those lofty new equity heights dropped the VIX to a new all-time low of 8.56 albeit only for 14 seconds after 1pm Eastern. Still though, it’s on the books and I have an inkling that one day in the not so distant future we’ll look at that chart and have a good giggle. We’re probably going to open into double digits but on a little drop lower don’t forget to pick up a bit more LT downside protection. Yes, I know it seems like a waste of money now but you’ll thank me later.

2017-11-27_EURUSD_update

The EUR/USD campaign is giving me an idea how someone with bipolar disorder or split personality must feel like. Awesome to count another 2.5R in the bank but damn… life is getting expensive again over here in Europe. It’s time you guys in the U.S. get your economic act together! Anyway, stop is now below the recent spike low and the way it’s going we may have to advance that one tomorrow again. At least the campaign is offsetting some of the pain at the cashier over here.

2017-11-27_GBPUSD_update

You probably have all but forgotten about the GBP/USD campaign which I must say has been hart earned. We actually entered this one on the 9th of this month and it’s been slowly simmering on a low flame ever since. Our ISL had been pretty large as I saw this as a LT campaign. Quite frankly it’s been a bit of a disappointment but you show me another human who’s been banking coin with cable these days!

btcusd-Nov-27-2017-15-59-6

Not much else that’s not already flying out there right now, so for now we wait. Speaking of flying off the charts: Cryptos have gone completely nuts over the past few weeks with BTC now expected to scrape the 5 digit mark. Talking about missing out on a trend! Unfortunately thus far trading cryptos has been exceedingly difficult, insecure, and unreliable (like in trying to get redeem your assets) but that is now quickly changing. The CME group for example is getting close to releasing BTC futures and I for one cannot wait to get my paws on those!

The current over extended hype phase will no doubt end in tears in the near future at which point we’ll stand ready to pick over all those exponential curve chasing victims. Yes, crypto is coming to Evil Speculator in 2018 and as with everything we’ll be doing it in style 


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 various social media waterholes below.
  • HD

    Monday: new home sales at 10am. Tuesday: Case-Shiller, and FED chair nomination hearing for FED governor Powell. Wednesday: Q3 GDP (est. 3.0%), pending home sales, the Beige book, and economic outlook testimony from FED chair Yellen . Thursday: weekly jobless claims, personal income/spending, and the Chicago PMI. Friday: ISM , construction spending, and auto sales.

  • HD

    New ATL on the VIX…. IV crush after OPEX into Thanksgiving…. Kind of a no brainer.

  • Tomcat

    Still plenty of time to squeeze more (IMO), but the spread I have been in and out all year $NG Jan18 (S)/Oct 18 (L) is now less than 5 cents. It reached a high of close to 50-60 cents earlier this year. I still expect contango.

  • http://gerb-reloaded.blogspot.com/ Gold_Gerb

    go go Gold, err Yen, err Whatever.

    http://upload.site.cnhubei.com/2014/0715/1405389985327.jpg

    let’s see if it can break out of it’s massive 333 envelope.

    http://stockcharts.com/h-sc/ui?s=GLD&p=D&yr=1&mn=0&dy=0&id=p26390721972
    -GG

  • StockTalker

    Will be going short /YM 23600, /NKD 22700 or 22600

  • http://gerb-reloaded.blogspot.com/ Gold_Gerb
  • StockTalker

    Spike/stop run coming

  • ridingwaves

    SNAP is not liking my slow scale in thesis….I think it prefers rapido…
    push down reminds me of final push down on Facebook before take off…

  • http://gerb-reloaded.blogspot.com/ Gold_Gerb

    it wants to make a run to 14, and close the gap.
    binary crap shoot IMHO.
    https://uploads.disquscdn.com/images/5bd0869ad03aaa428ec2d9e10d9f41a97c6f0076a5adc52aa97956aff4ea4b15.png

    if it crosses 15, then yeah, it will run to 17.

  • ridingwaves

    could be just punishing late to cover shorts also…but I like the gap close scenario

  • http://gerb-reloaded.blogspot.com/ Gold_Gerb

    true. I suppose window/time-frame is key.

  • StockTalker

    /YM triggered, now waiting for /NKD

  • HD

    My experience w “Black Friday” and “cyber Monday”…2 thumbs down. Had 3 products on the radar for a few months. 2 are in the $300 range and 1 is kinda pricey. What all retailers did was raise prices in November and then lower back to normal price for the sale. Total bs. Should have just got them last month. #Mondayvent

  • HD

    We’ve seen this Monday gap up in VIX a few times now. 5 point range in SPX? Whoops. They sold it again.

  • ridingwaves

    couple different t-bill auctions coming up at 1PMEST, I took small vix position….see if a drawdown takes place

  • http://gerb-reloaded.blogspot.com/ Gold_Gerb

    VIX *did* hit a spike low.
    must have been a low ball edge of envelope bid.
    😉

    https://uploads.disquscdn.com/images/4ee98ed4e3d01d3551c339ff133142aae76173b217cc3f7935d5d6d2a5243d62.png

  • HD

    BTFD

  • http://gerb-reloaded.blogspot.com/ Gold_Gerb
  • StockTalker

    /NG only, lol

  • http://gerb-reloaded.blogspot.com/ Gold_Gerb
  • http://gerb-reloaded.blogspot.com/ Gold_Gerb
  • StockTalker

    Here comes /NKD now, may have to settle for 22500

  • http://gerb-reloaded.blogspot.com/ Gold_Gerb

    For those of you watching JNK/HYG.
    The dip is completed based on symmetry.

    Today’s intraday pull back should not be a concern unless, the blue moving support line is violated.

    Early DEC could be where the action is IMHO.

    https://uploads.disquscdn.com/images/299141ab39255cd7c1c976fe3d1b2e1814a10fc6f58b928167076ae3f495bf2f.png
    -GG

  • Trouzzer_Snake

    I’ve been short /ZC for the last week and just rolled over to the March contract. I haven’t rolled many futures before and curious how you account for the gap on the chart? Take it at face value or is there a rule of thumb to be considered? Anyone have any thoughts?

  • StockTalker

    short now /NKD 22505

  • ridingwaves

    cut the line on even….better fishing elsewhere

  • HD

    Suggested the Home Depot $HD trade around Hurricane season. It hasn’t stopped rallying regardless of this being “difficult part of the year” for them. Don’t believe all stats. Each wave has unique stats. $HD has rallied right into EOY 5 years in a row now.
    Cool ticker too.

  • HD

    Make that 8 years. Hurricane season to EOY. The stats are nice but my own work says this wave is unique. Stats prior to this bull market may skew. As always do your own due diligence.

  • Julie

    Mole and Everyone I am being stalked by a complete creep. Mole I have changed my e mail too. I must lay low for awhile.Will keep in touch Mole and Everyone.
    JULIE

  • StockTalker

    Have plenty of downside protection ATM:)

  • StockTalker

    Damn, sorry to hear that. Creepy

  • Yoda

    Gerb, report to the dungeon for 50 lashes.

  • Julie

    Stalktalker an arrest is pending. Phone calls from unknown. etc.. His identity is known
    JULIE

  • StockTalker

    Crazy

  • Mark Shinnick

    Weird thing about criminals is no conscience really exists about the spectrum of harm done; nothing can be assumed about where it stops.

  • Julie

    Mark The District Attorney has enough evidence for an arrest and conviction presently. Informed me that an arrest warrant has now been issued (today) It is out of state and CA authorities will pick him up. Thanks Mark and Everyone
    JULIE

  • http://gerb-reloaded.blogspot.com/ Gold_Gerb
  • http://gerb-reloaded.blogspot.com/ Gold_Gerb

    LOL.
    she said complete creep. I barely rank as a partial.
    he he.

  • StockTalker

    1k TVIX @ 7.13

  • HD

    Be safe Julie.

  • Julie

    GG We went on a camping late spring to Lake Tahoe and it is a guy that had a camp site next to ours ! Very creepy.
    JULIE

  • http://gerb-reloaded.blogspot.com/ Gold_Gerb

    definitely divergence between Oct/Nov price & RSI.
    RSI 30 must hold

    http://stockcharts.com/h-sc/ui?s=TVIX&p=D&yr=1&mn=0&dy=0&id=p01906132828

  • HD

    Don’t we have to do EOM window lickers first?

    My evil price is 2618. Yes I have issues.

  • Mark Shinnick

    Oh man…I just don’t see that right now. What are you looking at?

  • StockTalker

    It was in the plan since last week, Dow ran stops and /NKD weakness prevails.

  • http://gerb-reloaded.blogspot.com/ Gold_Gerb

    I fail to see the problem. But I have the solution.
    😉

    http://americanshootingjournal.com/wp-content/uploads/2015/03/womanPistol.jpg

  • Julie
  • Julie
  • http://gerb-reloaded.blogspot.com/ Gold_Gerb

    yes. All blondes should have and operate a Glock.

    EDIT: you see, the weirdos are in Oregon, the survivors are in Arizona. The Californians are a mixed bag of nuts!!

  • StockTalker

    OPX is over, let her rip

  • http://gerb-reloaded.blogspot.com/ Gold_Gerb

    Time check, close your books. AND YOUR leftover filled FRIG.
    spit that food out!
    lose some weight!

  • Mark Shinnick

    Its certainly well-overdue for a much stronger pop….sure is a bitch in the meantime.

  • Julie

    GG I did not know about the new post this a.m. I posted on previous thread this a.m. that I took my stops off the first 30 minutes of trading. RUT short and BAC short (1/2) position still in the black. Still long GLD but watching closely as the advance is choppy and looking for 124 Thanks GG You and Everyone here are great. I feel much better now that the creep will be picked up be CA authorities.
    JULIE

  • http://gerb-reloaded.blogspot.com/ Gold_Gerb

    cool.

    If you hurry, pick up a secondary weapon this Fall.
    http://cdn.ebaumsworld.com/thumbs/picture/730195/85141287.jpg

  • Julie

    There are pink ones too GG !
    JULIE

  • http://gerb-reloaded.blogspot.com/ Gold_Gerb

    NO. pink is for valentine cards.

    http://awesci.com/do-not-paint-your-walls-pink/

  • http://evilspeculator.com Sir Mole III

    Arm yourself, sweety and hit the range together with your hubby. If the perp enters your house make sure to aim at the crotch.

    Too many fucking idiots on this planet. I’m not even kidding. Recently I feel like I’m surrounded by idiots. Is it me or are people around us getting dumber? At least over here in Europe they seem to be getting taller but dumber and ruder at the same time.

  • http://evilspeculator.com Sir Mole III

    Yuppers, but she should aim a few degrees lower.

  • http://evilspeculator.com Sir Mole III

    Once I am president I’ll make this mandatory.

  • http://gerb-reloaded.blogspot.com/ Gold_Gerb

    something for your narrow streets.

    https://commons.wikimedia.org/wiki/File:Vespa_militare1.JPG

    looks like the revolucion is a no go.

    “Catalan Independence Drive Fizzles: Poll Shows Only 24% Want Split From Spain”

  • StockTalker

    Sorry bulls, 2 and 10 rally time:)

  • Mark Shinnick

    Short miners, tight stops.

  • http://gerb-reloaded.blogspot.com/ Gold_Gerb

    yes, copper has ‘gone soft’ this week.

    https://finviz.com/futures_charts.ashx?t=HG&p=h1
    -GG

  • Mark Shinnick

    Again, this short operates within a still narrowed range but enough objective potential exists for 3x miners to make it worthwhile. Its mostly a $ driven trade.

  • http://gerb-reloaded.blogspot.com/ Gold_Gerb

    Market open, INTC
    why am I not surprised

    is RSI 50 too much to ask for?! come on!
    https://uploads.disquscdn.com/images/c8ee876eea8384b64d5d7ccf79119a397657613183129b41e9b869b52d6dd8f4.png

  • http://gerb-reloaded.blogspot.com/ Gold_Gerb

    Bro, my MACD is rollin downhill.
    good luck!
    [DUST]
    http://stockcharts.com/h-sc/ui?s=DUST&p=D&yr=0&mn=6&dy=0&id=p34317872267

  • StockTalker

    Stacked them up and am really short now, lol

  • Mark Shinnick

    Yes, One would never see that trade on the daily….has about 2.5% so far but again, this is all still bouncing around the margins….unless $ can now soon fill its gap this trade has met its objective.

  • StockTalker

    /NDK 22550 above bull/below bear

  • StockTalker

    Was looking for this move yesterday, remaining short. She is blowing off

  • Mark Shinnick

    What your saying is normally true in the linear, but wouldn’t you expect upside surprise to blow out that expectation of the shorts?

  • Julie

    Stopped out remaining 1/2 position short BAC. $RUT still short and in the black. GLD long an intraday reversal and in the black. GG INTC holding the 21 ema and I covered short previously
    JULIE

  • Julie

    Out of $RUT short Break even
    JULIE

  • StockTalker

    She is done

  • Mark Shinnick

    Things do look better primed right now.

  • StockTalker

    Squeeze those shorts one more time, bitches. lol

  • Mark Shinnick

    I’d sure love to finally see some truly legitimate grinding tvix pop.

  • StockTalker

    EOD, buyers turning into sellers

  • Mark Shinnick

    Well, some 706 breakout can get it going. Good potential there.

  • StockTalker

    Red by EOD

  • Mark Shinnick

    First objective 727 zone…but sounds like your model is expecting far more.

  • StockTalker

    Not today

  • Mark Shinnick

    I have this 2700 zone objective a rocket ride to there would be a great blow out.

  • StockTalker

    Most definitely flow off today.

  • Mark Shinnick

    Yeah, Looks like most of today’s upside objectives are met.

  • StockTalker

    25% allocated and walking away:)