Mexican Murpy

And of course this just had to happen. I mean how many vacations have I taken in the past seven years since I started Evil Speculator? Three perhaps – none of which lasted more than three or four days? And the one time when I finally decided to go off the grid for a few days the damn site melts down. Incredible! As you (may) know this almost never happens – except of course when poor Mole take a few well deserved days off. Unfortunately I also managed to forget my mobile phone at the club – typical. So I didn’t figure the site was down until early evening when I returned from a beautiful day on the Marietas Islands.


In the end the culprit turned out to be some missing PHP updates which caused some incompatibilities with the newest version of cPanel. My most supreme hosting company however was on the case right away and by the time I woke up this morning everything was upgraded and properly fixed. I seriously don’t pay these guys enough – best hosting firm I have ever come across. Of course if you for some reason experience any problems please don’t hesitate to zap me an email. Again, allow 24 hours for a response as I’m in Mexico with a spotty Internet connection.

By the way, I humbly thank all of you who responded in kind to my email. As a matter of fact I didn’t receive one single angry email, which speaks a lot to the caliber of people who frequent and support Evil Speculator. Thanks guys – this actually makes me look forward to returning to work next week.

Now Scott was obviously unable to put up a new post yesterday and after such a lengthy outage there’s simply now way I’m going to leave you guys hanging. So here we go – a quick update on the current price action.


The E-Mini is actually in a very interesting spot here. The red arrow points at the spot where we touched the upper 100-hour BB and then started to proceed sideways. I’m not convinced that we’ve got a double top situation here – just yet. The tape since then has been indicative of wearing out some of weak hands. The first real level of support I’m seeing now is near 2076 where the lower hourly BB meets our NLSL. Now if we fail that one then it’s quite possible that we’ll revisit the 100-day SMA near 2050. But even then the bulls still have a pretty good chance at to jump in there and take advantage of that rising SMA. Let’s see what happens today/tomorrow – the price action will give us further clues – look at velocity, participation, UVOL/DVOL, all that good stuff. And of course the Zero!


The YM is actually a bit ahead of the ES here and although I would trade the latter I would take early clues from the former. Bottom Line: I would be long right here with a stop below the daily NLSL – at this point I would not be interested in short positions. I am using the conditional as I am obviously not trading whilst on vacation with Mexican Internet connectivity (actually it’s not that bad – upload speed is the biggest problem).

I got a few more goodies for my intrepid subs – please step into my Mexican lair :-)

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Alright, that’s it for me until sometime mid next week. Obviously you are in good hands – Scott did an awesome job in nailing the recent highs.


Trading The House Down

It’s been an extremely pleasant day here at my make shift West Coast lair. It’s the first day of spring and of course the weather once again is awesome in Los Angeles with temperatures in the mid 70s only interrupted by a few fluffy clouds here and there. Meanwhile it’s been super cold over in Spain and of course I don’t miss any opportunity to rub it in when sending vacation pics to my buddies in Valencia.


But not only that – while I have been busy shopping and running errands all over Los Angeles I somehow managed to trade the house down this week. The NQ campaign I posted yesterday morning alone booked full 8R at this point – it’s 16 but I only took 1/2% position size so it’s a bit over 8% thus far. I am advancing my stop to 4448 and just let it run all through next week. May I point out that this was one juicy entry as I pinned the very low of yesterday’s session.


Crude – I was almost about to pull this one today but luckily was too busy packing. Exited now with a juicy 2R profit.


Soybeans – also exited this one with a 2R profit. If you are in this one you may want to hold it as I think it has legs. The Mole however is going to be enjoying some much needed R&R in Mexico, thus holding a ton of positions during vacations is generally not a good idea.


EUR/CAD – just exited for 1R.


AUD/USD has banked me 2R as well I’m holding this one with a trailing stop.


And finally EUR/USD – also banked 2R here and I’m advancing my stop to 1.075.


In related news CrazyIvan has now breached the 100R mark as it now stands at a total of 105 – accomplished in 15 months with around 2500 campaigns. That’s a heck of a lot of trades but even given the crappiest b/a spreads and/or commissions it amounts to about a 150% gain considering compounding. I am very much looking forward to auto-trading CrazyIvan with a small select group of investors later this year. FYI – this is a closed group of people I know, so please do not contact me about participating. But you are always free to sign up for the signal if you can commit to three roll-overs each day (7:am/15:00pm/11:00pm Eastern).


And that’s it for the Mole for the next 10 days as I’m heading to Puerto Vallarta, Mexico tomorrow afternoon. The pic above shows my view from the little casa we rented all the way on top of the hills. If I can’t forget about trading in that place then there’s no hope for me. Not only am I in desperate need for a real vacation but given today’s profits alone I think I more than earned it – I really hope you caught some of those juicy entries as well. In my absence Scott ‘The Convict’ Phillips has generously offered to take over here at the lair, so I trust you are in experienced hands. In case you are wondering, during my absence all subscription services will continue to run as usual. If you need help with anything feel free to shoot me an email but please allow a bit more time than usual for a response.


¡Hasta Luego!

El Topo

Easy Prey

Yesterday I mused about my habit of sitting through panic spikes only to pick out easy prey once the dust settles. Well, today is that day and as we have plenty of juicy candidates limping past us we better get organized. This is it folks – time to get busy!


The spoos retraced quite a bit of yesterday’s advance and currently we are hanging somewhere in the middle of nowhere. No entry here unless we drop lower and touch 2065.


The NQ however ain’t a bad long here with a stop below 4410.


EUR/USD – as much as I love it back at 1.06, as a trader I just have to take a long here with a stop below the 100-hour SMA. If it drops below that then I win as well once I’m back in VLC.


Gold is looking like solid here and if it holds this NLBL we should be primed to pump higher. You have a choice between putting your ISL below that hourly NLSL or the 100-hour SMA.

Plenty more waiting below the fold – please step into my West Coast lair:

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.

Bonus Chart!


Strangely today’s momentum/participation is twice of what we saw yesterday in the ramp higher. Alright, tthat ought to keep you guys busy for a while – I’m grabbing breakfast now. Trading on the West Coast sucks – but I love the weather and the eye candy.


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