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How To Trade Like A Gentleman

How To Trade Like A Gentleman

by The MoleJanuary 4, 2013

In tape like this it’s best to be on your best behavior and start trading like a gentleman. Care to make any big bets in either direction? But of course – please go ahead – you first!! I’ll be right behind you – (cough cough). Mom would be so proud – if I ever manage to track down that woman. Seriously now,  as the VIX is heading toward the 13 mark now I am greatly limiting my exposure. I did manage to dig up a whole laundry list of promising symbols but I’ll be taking on only very small position sizes in the coming days.

On the E-Mini side we now have a nice spike which may be followed by an inside day – assuming we close below 1460.5 today. I would love to see that happen, in particular if it would be followed by an short trigger tomorrow. Of course nobody is asking me – for good reason.

My FX charts are still a mess (thanks TOS!! – I sweat bullets every time they announce a new release), so let’s sling a few stock symbols, shall we? Here’s AMZN, which also happens to paint an inside day. You know what to do – if not please check the cheat sheet.

AZO – that used to be one of the most stubborn climbers I have ever seen – until about last April. Loved to to ride this one for months on end. Anyway, right now it’s pushing into possible resistance and I’m short with a stop above the 25-day SMA. If it pops above I’ll reverse my position.

CCJ – great setup here right below the daily NLBL – I’m short right now and will add positions if it drops below the 25-day SMA – wouldn’t that be a shame? 😉

Quite a bit more where that came from – please step into my evil lair:
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CF – I’m long with a stop below the 100-day SMA. You may want to keep an eye on that 25-hour for a more fine tuned approach to managing your stop – assuming it gets out of the gate.

DECK – great great setup – long with a stop below the 100-day SMA. You may want to give a bit of room as the 25-day is right below. Also, the 25-hour seems to be getting traction and I’d love to see this one climb it. One of today’s favorites.

DUST – another beauty – long here with a sto below the 100-hour SMA. If it holds then we should fulfill the 100-day SMA long setup.

Inside day on FSLR – nice one!

Not to be outdone – double inside day on GRMN – I love it. Only caveat is the NLBL on the downside – assuming we breach that way. I’d prefer to see it push long but with the E-Mini and the VIX being where they are I don’t want to be directionally biased. Unfortunately the easy setup is not always what we get.

KO – coca cola – well, I’m short the sweet stuff with a stop above the now dropping 100-day SMA. IF she pops above it I’d happy follow along as there’s nothing but air above and 38 has been a show stopper for months now.

LULU looks like a nice long here – assuming the old gal holds the 100-day SMA. Lulu is the kind of name you’d imagine spray painted on an old B-52, don’t you think? 😉

The male chauvinist pig is running into a c..k block as presented by the 100-day SMA, the 25-day SMA, and a daily NLBL. I’m short here but am wearing a hat.

NLFX – perfect inside day setup – come to daddy!

SHLD – I grabbed an early long here via the 25-hour SMA which just crossed the 100-hour. If the former holds then she should lead to a 25-day SMA long signal. Again, this is an early entry and you can wait for the daily to trigger if you want to be conservative. Or grab a short here right now with a stop above the 25-day SMA. Many ways to skin this puppy.

TIVO – I grabbed a long position season pass here – the failure of the hourly SMAs worry me a little but I simply put my stop below the daily SMA and called it a day.

ZNGA – not exactly a mover but it’s bumping against its 100-day SMA. Short right now with a stop above.

Here’s crude again – I know! Yesterday’s long setup was shot to smithereens and I’m trying this again with a stop below today’s lows. Tricky bugger this one! The perfect entry would have been at the SMA but I missed that one so now I deserve to suffer.

Finally natgas – bumping against its 100-hour SMA. Could be a last kiss goodbye play on the daily. Anyway, I’m short right with a stop above. A tiny position I must concede (natgas scares me!!).

Have fun and keep it clean – your stops are your stops, no ifs and no buts.



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.