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FX Kama Sutra
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FX Kama Sutra

by The MoleOctober 19, 2011

Knowing how puritan you yanks all are I had to find a non insulting picture as to protect your precious feelings:

And there you have it – hope this will keep the sexual harassment suits to a minimum this time. By the way if you log in from Germany you’ll actually see a naughty Swedish duo dressed up in leather and equipped with whips and a gallon of motor oil used as lubricant.

Anyway, just for shits and giggles I’m starting a new theme here which I call the FX Kama Sutra – this should make a valuable addition to your currency aficionados out there and hopefully will bank us all some might coin. Plus it’s a great opportunity to drag some of those naughty currency pairs through the proverbial dirt – not a world’s first (just ask the Bernank) but most definitely never been done from this angle.

Again, the leeches get one free and the rest is for my intrepid subs:

Indrani position as the NZD is attempting to deep drill ole’ bucky. The Kiwi is well endowed but right now it’s still questionable whether or not the daily NLSL at 0.7889 can be breached. As you can see that level also lines up nicely with the region between the lower 25-hour and 100-hour BB. I would love to see a retest of 0.7889 and then get positioned long. If stopped out then I simply flip my position around and take a trade in the other direction – ahem…

I got two more – please step into my love chamber of doom:
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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 or Geronimo subscriber it includes access to all Gold posts, so you actually get double the bang for your buck.
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The Lotus position as the EUR is about to deliver a deep thrust into the CHF. That daily NLBL at 1.2412 was just breached and I think this could be good into 1.3ish. As I’m typing this we have dropped down a little and I suggest a stop slightly below the hourly NLSL at 1.2416 – or 1.2411 if you like it risky and want to use a little less protection 😉

Clasping position on the USD trying to mount the CAD, which for some reason is trying hard to get and wants to do it with the lights out (in case you ever wondered why my charts are white on black – that is why – you can be a lot more sneaky this way). Now I really like this setup as we have a NLSL face a NLBL – and thus you know what to do: Short on the breach of the NLSL and long on breach of the NLBL. Also worthwhile noting is the cluster of support near 1.0082 we are currently enjoying on the hourly panel.

So IF we drop toward the daily NLSL at 1.0101 and then fall into that support cluster a long position may be warranted. Of course you flip that bitch over if she starts give you any trouble and happily take on the inverse position. NO, not that one – I meant going short instead. Depraved bunch of rats!!
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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 various social media waterholes below.
  • Anonymous

    Hehehehe! Still short although not sure how long;)

  • http://evilspeculator.com molecool

    Here come the innuendos – LOL 🙂

  • Anonymous

    I keep having to move my stops no sooner than i have just set the previous order!
    0.2 stop on spxu (keeps me in for any more down move, i suppose)

  • Anonymous

    mate be sure to call when you do.  You’ve made some good calls.  I managed to catch it on the way down when I said Zero confirmed but through being too cute, have conspired to trade myself out of a good chunks of it.  Covering some here, but actually lost as to overall direction.  

  • Anonymous

    Don’t worry about that mate, if you’ve caught this move its a good days work.

  • Anonymous

    Thanks. Only small change -if i can make $250 today, then thats good
    CS & others say to get consistently profitable first
    (past mistakes with silver!)

  • Anonymous

    Well, we should know soon enough if this market will correct. So fsr this action tells me it will and will be watching the fibs.

  • Anonymous

    Good days work IMO;)

  • Anonymous

    Mate better to make all your mistakes with small amounts than have some very expensive ones like I did in 2009/2010.  No joke, I lost nearly €300k in that rally.

  • Anonymous

    stopped on the eur/gbp, nada on it. clearing the books. only keeping the RAND.

  • Anonymous

    Thanks CS & Sky!

    p.s. USO (a poor substitute for oil, or am i thinking of UNG) – decisive move down me thinks

  • Anonymous

    Meant to say CC!

  • Anonymous

    Got out of all shorts about 10 mins ago.  Party seems to be over until the 3pm gong show and I don’t want to be around guessing which way THAT is going to play!  I concur that the daily trend here has got to be up and holding counter-trend positions overnight is just way too risky for my blood.  We’ve had a little bit of a shake-out.  Maybe we get another day, maybe we don’t, but I’d rather let the tape tell me. 

  • Anonymous

    FWIW I just covered.  Been very sloppy today.  Could have accomplished more by doing a few trades at big turning points.  I have honestly no clue which way this market is going and wouldnt be surprised to see either a full retard rally or collapse right now.

  • volar
  • Anonymous

    Well Mole negative divergence on Zero worked like a charm!!!

  • Anonymous

    Ok, will make a mental note!

  • nyse

    Yep. USO is NOT oil; UNG is NOT natural gas 😉

  • Anonymous

    Going long here for trade at 11,485 positive zero divergence (I think?)…very tight stop and small position size.

  • TwinTurboRX7

    Do I dare to?

  • Anonymous

    I see it too.  Good for a small trade – since I like long on the multi-day time frame, not too spooked if I hold this one overnight but expect to close with a scalp anyway.

  • http://practicalt.blogspot.com/ Gold_Gerb

    FAS 12.21 – important support line.

  • Anonymous

    I hope this is a positive divergence and even if it fails on me could someone confirm?  We have a lower low, but the zero doesnt have the same signal strength?  Mole could you confirm for education sake?

  • Anonymous

    Even though I see it, I almost expect to fail here because the Euro continues to drop.  

  • Anonymous
  • http://practicalt.blogspot.com/ Gold_Gerb

    you see both sides.
    that would be perfect for an inside jobber. (daily)

  • Anonymous

    Stop in to 11,472 so this is a real small loss if I’m wrong about it.  Would really love if some zero expert could just confirm what I’m seeing.   I understand nothing is failsafe, just want to make sure I’m reading it right and playing the odds correctly.

  • Anonymous

    LOL just refreshed and saw it.  No need to respond 🙂

  • http://practicalt.blogspot.com/ Gold_Gerb

    do you know how many supermodels you could get for that!?
    (GG faints)

  • Anonymous

    Stop in to 11,490 so even if I’m wrong, my annual sub is at least paid for LOL

  • Anonymous

    LOL another FT bank rumour breaking on CNBC 😀

  • Anonymous

    Stopped and nibbling again, gonna see if we respect the LOD.  Divergence still there, keeping the faith.

  • Tronacate

    FSLR is one sweet daytrading stock…..

  • nyse

    I would be interested in hearing any perspective about the EFSF, European debt situation, etc. from some of my European brothers here at some point (after hours probably would be best). 

  • Anonymous

    Uh Oh

  • Anonymous

    was about to write it

  • http://evilspeculator.com molecool

    Seriously? I mean voluntarily? You must be into that sado-maso stuff…

  • http://evilspeculator.com molecool

    My gag reflex is seriously wearing out at this point…

  • http://evilspeculator.com molecool

    😉

  • Anonymous

    actually yea sooo yea, wouldnt mind hearing about it.

  • Anonymous

    I know, its hilarious, you’d think they are on a mission to singlehandedly “save” this market.  I was searching google images for an appropriate “oh no you di’int” image, but you’ll just have to imagine me saying it in my best skanky ho impression.

  • Anonymous

    Added short on the SPX 50 ema test

  • Anonymous

    Just head over to zeroedge lads.  They are pretty much spot on as regards the futility of it all and I can’t improve on what they painstakingly write.  Unfortunately, none of that information is any use for trading or banking coin.  

  • http://practicalt.blogspot.com/ Gold_Gerb

    /es 1203

    scare the kiddies?

  • Anonymous

    HAHAHA

  • Anonymous

    Running out of time…

  • http://practicalt.blogspot.com/ Gold_Gerb

    it’s a Mole original.

    15m to close, and price leaps below an important FAS support line.  IMHO.
    my 2 grams.

  • Anonymous

    They cannot seriously be about to attempt this again can they?

  • http://evilspeculator.com molecool

    O-oohhhh 🙂

  • Anonymous

    i know i was kidding anyhow.  and dead right with your last part of your statement.

  • http://practicalt.blogspot.com/ Gold_Gerb

    attempt what?

    it’s OpX!

  • Anonymous

    Ah no seriously?  I mean its nice to be on the right side of it, but for real?

  • http://twitter.com/nogreedorfear nogreedorfear

    what? did they take out your Stop loss?

  • Anonymous

    As the Convict said yesterday, today’s probability was siding with an inside day

  • Anonymous

    That’s fine but can’t div get us back to at least VWAP?

  • Anonymous

    No I thought they were going to try another ridiculous late day ramp.  Just took half off at 11,515 for 30 points profit.  Putting in a stop at b/e on the rest and see where it rides. 

  • Anonymous

    I am looking at SPX 1213 for the close

  • http://evilspeculator.com molecool
  • Anonymous

    lol

  • http://evilspeculator.com molecool

    Hey Convict – we Germans are carrying your pirate theme all the way. Arrr, matey!

  • http://evilspeculator.com molecool

    I GOT to go back there – this is going to be fun!

  • Anonymous

    Depressing.  

  • http://evilspeculator.com molecool

    ????????????????????????????????­??????????????

    D   A   I    L   Y      Z   E   R   O     H   A   S      B   E    E   N      U   P   D   A   T   E   D

    ????????????????????????????????­???????????????

  • Anonymous

    well i’m flat. don’t feel like holding anything here.

  • http://practicalt.blogspot.com/ Gold_Gerb

    *Market Closed*

  • http://evilspeculator.com molecool

    Fausto Pugliese – LMAO!!!!! :-))

  • http://evilspeculator.com molecool

    I would like the Spaghetti Fausto Pugliese please.

    SNORT!!! Sorry… I’m in tears over here…

  • Anonymous

    K folks, cutting everything.  Some good today, some bad, overall I’m well up on yesterday which is always a good day (although slightly below the highs I would have been at had I just cut my overnight long position at about 10.00am this morning and done nothing else for the day).  You get days like that though and up is up, so can’t complain.  Getting a good nights sleep tonight and not carrying an overnight position.   Have a great one chaps.

  • http://evilspeculator.com molecool

    Sleep is key man – I skipped only one hour today and will make up for it tonight.

  • http://twitter.com/nogreedorfear nogreedorfear

    Could you connect this to twitter? So that I cud see follow you there ? Easier.

  • http://practicalt.blogspot.com/ Gold_Gerb

    Stick with us, we will get you that supermodel yet.
    😉

  • http://evilspeculator.com molecool

    Yes yes – I will take care of the casting couch.

  • Anonymous

    um so how long does this take…

  • http://practicalt.blogspot.com/ Gold_Gerb

    longer if you don’t have the ZeroLite.
    🙂

  • Carl Vanhaesendonck

    Hi Mole, not sure this is the right place for a sub’s feedback but I guess yes: I like the Kama Sutra post because I found it very useful to learn more on the  NetLines, tricks like that are great to read and make a lot of sense when you see them, such as NLSL and NLBL very close to each other and price in between, I just didn’t realize those were great setups!

  • Anonymous

    Arrrr!

  • TwinTurboRX7

    mole do we have negative div on the smoothed daily panel. end of aug peak, sept peak, oct peak.?

  • Anonymous

    I see that too.  May be why we couldn’t snap back this afternoon.

  • http://profiles.yahoo.com/u/6NFOSGRXKB4LMGOAXV3ZY6IWZA Grainman

    wow the fun at the club..

  • Anonymous

    New post!!!!!!!!!!

  • Anonymous

    Would you *believe* it we had an inside day after an outside day 🙂

    By they way, ??bullish non-conform between dji and spx (down more), then again they tend to veer away on a longterm chart, and meet back at major bottoms

  • Anonymous

    oops – CS new post is on this very subject, after all he alerted us to this in the first place. Im off to new post….

  • Anonymous

    So, on the Daily Zero, are we calling that a divergence over the past 5 days?  (bottom Daily Zero chart)  TwinTurbo mentioned the smoothed panel….I don’t see what he mentioned

  • Anonymous

    news only matters when market wants to turn like i don’t know 80 on dollar index.

  • Anonymous

    I don’t see 3 consecutive higher highs on the NZD/USD daily that gives you a NLSL of .7889. Am I missing something?