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Coffee Is For Closers!

Coffee Is For Closers!

by The MoleNovember 12, 2012

I just couldn’t do it. It’s Veteran’s Day and I was thinking of taking the afternoon off. Of course I made the mistake of mentioning that in the comment section and almost had a revolt on my hands. But right you were! Much to my surprise I ran into a ton of juicy setups today – far too many to pass up. Since we’re running late in the session let me run through them quickly:

But before we get to the meat – here’s a quick update on soybeans. Thought I had forgotten about that one, did ya? Not a chance – as you may recall we got two opportunities for a short entry and after playing hard to get for a week it finally went on its way. That was another for the books – what a nice run and now it’s time to take profits. If you took this one then congrats! Hard work and discipline always pay off – so keep it up! Who knows how many of today’s setups we’ll talk about in a week or a month from now!

So here are bonds, the 30-year futures contract – inside day! If you don’t know the rules please consult the cheat sheet (there are quite a few more today).

The greenback is also painting an inside day today. You know what to do.

And even the spoos are giving us an inside day + 4 day narrow range combo. Git ‘er done!

Two more freebies since it’s Veteran’s day – here’s GOOG at the 100-day Maginot Line. Is this a last kiss goodbye (LKGB) or are we testing that NLBL? I would use the 100-hour SMA as my entry.

AMZN – inside day + NR4 – I guess when it rains it pours! On the stock front I usually want to see a decisive breach, so let’s see what tomorrow brings.

There’s quite a bit more – please step into my lair:
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USD/CAD – excellent configuration – look how are retesting the diagonal resistance line from last week. But…

… we also have an inside day + NR4. This is a great setup – don’t miss it.

NZD/USD – I would take a breach of the 100-hour as an entry here. I know, late to the game but we never got the 100-day touch, so this is our next best opportunity.

Cable – touch of the Maginot Line – I am patiently waiting for a breach of the 25-hour.

EUR/USD – inside day. Again, use the closing range – not the chart.

EUR/JPY – another inside day – juicy one too!

EUR/AUD – I rarely have seen such a series of red candles. We are now at the 100-day SMA and I am mostly interested in a breach higher. But until that happens I must be short with a stop above.

CAD/JPY – some context – we are at the Magint line but….

… another inside day + NR4. Super setup and I am hoping for a long breach tomorrow.


Thought I’d let you down today, silly ratlings? 😉


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.