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Let Them Ride
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Let Them Ride

by The MoleOctober 16, 2017

Most of our ongoing campaigns seem to have survived the weekend and I very much hope so you have you. Now before you read on make sure to catch up on my Sunday update featuring this week’s top and bottom performing stock symbols, historically speaking of course as my crystal ball is still in the shop. Incidentally last week’s picks did very well adding 10.77% to the win side. Alright, let’s review where we are:


2017-10-16_NZDUSD_update

Let’s start with Forex first. NZD/USD seems to be on a roll here but for now we’re leaving our trailing stop intact at 0.75R. At minimum I recommend that you keep it < the spike low near 0.717.

2017-10-16_AUDUSD_update

AUD/USD almost got stopped out but at least on my end it’s still in the running. I’m saying this because forex spreads can vary wildly from one provider to the next. Obviously there’s nothing to do here, if it survives the fine – otherwise we’ll be locking in about 0.75R in profits.

2017-10-16_crude_update

On the futures side we have crude which finally seems to be ready to run. We’ve been waiting a long time for this and maybe this has been the one that pays for all the annoyance of the past months (although we usually managed to eke out a bit of coin). Trail now at 1R or if counting from the very highs it would be about -0.8R MFE).

2017-10-16_NG_update

Natgas lived up to its name as the ‘old widow maker’ and stopped us out at 0.5R. Bummer, but I am actually thinking of re-entering once I see a decent spike low followed by a retest.

2017-10-16_ZN_update

10-year bonds – nothing really to say or do here. Trail remains  at 1.25R and we’re hoping for the best. The configuration continues to look very positive but now needs to get out of the gate.

2017-10-16_soybeans_update

Kept the best for last – soybeans! What a beauty and apparently it’s not done just yet. Our trail remains at ~1.25R – maybe it’ll manage to get to the upper 100-day BB before devolving into a shake out.

Bottom Line:

Let those winners ride, folks! Especially when it comes to trend trading candidates it is crucial that your campaign management allows for enough breathing room in the early phases of a ramp higher. It’s not unusual to see a sideways day or two after an explosion higher, so stick with your guns and kick e’m with those spurs!

Shameless Plug

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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.
  • ridingwaves

    Mole, in the best performing stocks in previous post, some symbols show sharpe ratio negative for the week, is the best performance encompassing the rest of the indicators per symbol?

  • http://gerb-reloaded.blogspot.com/ Gold_Gerb
  • http://evilspeculator.com Sir Mole III

    Damn auto-correct!

  • http://evilspeculator.com Sir Mole III

    Yes, I looked at Staples and that confused me as well. I am going through the code now to see what’s up.

  • http://evilspeculator.com Sir Mole III

    BTW, make sure you always look at week #42 – some of the graphs aren’t updated unless someone runs that page.

  • ridingwaves

    forgot about that little trick….thanks

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

    SPX Again a gap up which was sold into. IMO a continuation of distribution and ATH to keep the sheeple happy. Institutions selling to retail
    JULIE

  • ridingwaves

    their power lines are now proving responsible for most of the fires here in N Cal

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

    nice thought GG but Calif prisoners don’t work, they get yoga, free dental, medical, food, housing, sports, tv, weight training, college etc….
    it’s the Ritz Carlton now

  • Julie

    GG Unreal Huh ! Here is pin action on Portland General Electric JULIE https://uploads.disquscdn.com/images/e1b21a24281af4c3b962c4e3dc0d55a02defb85b1688786fd5ac0d0869b81eb7.jpg

  • ridingwaves

    gold up, NUGT down…..miners are hiding out…

  • Julie

    Hi RW Been following and commenting GDX no position
    JULIE

  • Julie

    I have POT and a small probe SDS
    JULIE

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

    why would Portland take a hit? it’s many hundreds of miles North, and much wetter! Are the stupid algorithms grouping utilities together?

  • Julie

    GG Yeah Looks that way. POR and PCG share lines and exchange power from the dams on the Columbia River BPA (Bonneville Power Adm ) sells power to PCG and other utilities in CA
    JULIE

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

    thank you for the clarification. +3
    FERC it! 😉

    https://www.ferc.gov/market-oversight/mkt-electric/northwest.asp

  • http://evilspeculator.com Sir Mole III
  • http://evilspeculator.com Sir Mole III

    How’s that? Sparks due to wind?

  • Julie

    GG Checkout PPL Warren Buffett’S Baby ! Warren is taking it in the hind end ! Probably backing the truck up ! JULIE https://uploads.disquscdn.com/images/c9054b7467db2e68283e794ccec65153c3c0ceadcd5a8536e7b0126d2fca6282.jpg

  • Julie

    Thanks Mole Really like your seasonal charts. Great job ! JULIE

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

    RW MOLE GG and everyone …… Are utility rates going to go in CA ? HUH ! If so what can we short ….. Gotta be future pin action elsewhere !
    JULIE

  • Julie

    Aluminum takes lot of electricity to produce
    JULIE

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

    Tricky to say, but before our offshore rats decide to take a shot.

    Realize Cali is overburdened with alternative electricity.
    Yes, the Bastards installed so much, Arizona picks it up on the cheap.
    Muwahaha. Cool air for me, suckers!!

    http://www.latimes.com/projects/la-fi-electricity-solar/

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

    GG Are you sure it.s not “Hot Air” LOL !
    JULIE

  • Julie

    GG Eastern Oregon has 300 days of sunshine per year. I read that this area is the best in the U.S. for solar power as it is cooler than AZ ; Southwest ; Texas etc…. Eastern Oregon is also excellent for wind generation
    JULIE

  • Julie

    Cooler sun is better for solar generation than hotter sun ….. Eastern Oregon is perfect for solar power
    JULIE

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

    correct. But you have to ship that power, and that creates losses in distribution.
    =P

  • ridingwaves

    yep…downed lines

  • Julie

    GG Done great with POT taking 3/4 off Bollinger band squeeze on less volume. POT could go either way. I bailed out of KEM too early and left some on the table …. Looking for a pullback to reenter
    JULIE

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

    why reenter? there’s a lot of fish out there.
    isn’t there an emotional risk of reentering?

    otherwise, it looks like you have the strong hand, weak hand thing down pat.

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

    GG I an actually at work ….. Other traders here too …. We do it on the sly …… Boss knows and takes part too ! The best of both worlds. Great place to work !
    JULIE

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

    Julie, remember the Fibo conversation we had?

    CVX earnings is up in 2 weeks.
    I have a 2.5 year chart with a fib top of 124.54.
    can you confirm??
    😀

  • http://evilspeculator.com Sir Mole III

    How’s my crew today?

    I’m currently working on extending the symbol selection for our stock parser. Adding NYSE, AMEX, and NASDAQ.

  • http://evilspeculator.com Sir Mole III

    Good to know!!

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

    Super Awesome, back at work.
    I guess I’m fit enough to be a corporate slave again.
    a little sadder if this blog is going to shutdown.
    I might actually have to work, work.

    what? restart the production server?….ok, hold on!
    gotta Run.

  • Mark Shinnick

    Their medical came under federal receivership and quality upgraded but the corrupted CA machine is now throwing all that under the bus again as the feds back off, again destroying the medical quality.

  • OJuice

    Is it possible to add any of $wtic, $natgas, $gold, etc.?

  • Julie

    GG 6 year weekly chart CVX Going up into the 75% retracement Not shown is the 78 https://uploads.disquscdn.com/images/0c28a52452de604b7fc58d521bf286e601769079d7243d2b2cf8cd6ba7bf0987.jpg % retracement GG looks like 124.54 would be the 78% retracement Shown is my platform Scottrade chart JULIE

  • Julie

    Great Mole Again Thanks For Everything !
    JULIE

  • Julie

    GG CVX 7/21/14 high 135.10
    8/24/15 low 69.58
    JULIE

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

    a perfect example of how people see different things.
    fibonacci placement!
    granted, I’m speculating, not retracing.

    if the overhead band fails, a quick pop to 124 before earnings would be the ticket. Schrodingers Cat help us!

    https://uploads.disquscdn.com/images/bec021d26fc90a7318ccf71fafc8989fed8b24969fd60a6ccd13b663676f93d3.jpg

  • http://evilspeculator.com Sir Mole III

    Right… this is the thing. Those symbols are available on Yahoo but for some reason I have not been able to get the statistic script to produce a proper URL to pull the data. It’s probably just a silly URL formatting bug and when I have a moment I’ll take a look at it.

  • Julie

    Thanks GG
    JULIE

  • http://evilspeculator.com Sir Mole III

    See – this should work but it doesn’t:

    http://evilspeculator.com/statistics/?symbol=GC%3DF

    So it’s probably something with the symbol encoding.

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

    URL encoding – Above my Pay Grade!

    https://www.url-encode-decode.com/

  • Julie

    MOLE GG RW OJ OTHERS My husband is an electrician and took courses thru the Union and is certified in solar power installation. Eastern Oregon and Colorado are the two best places in the U.S. for solar power as cooler sun is better for solar generation than hotter sun. Most of Eastern Oregon is Federal land (BLM) and has granted leases for solar and wind generation . Eastern Oregon and Washington along the Columbia River has wind generation and expanding. Christenson Electric out of Portland is a major contractor
    JULIE

  • Julie

    SPX Daily chart Wedging with a Bollinger Band negative divergence. MACD 3,9,16 also a negative divergence. Previous pullbacks have been presaged by a negative divergence MACD 3,9 https://uploads.disquscdn.com/images/327009107c25921823ad671e0d17985253ee0bc115c0da2868c04aab615a249f.jpg ,16 and below signal line Just Saying JULIE

  • ridingwaves

    I could care less about what medical or dental prisoners receive…..they deserve nothing….just some dirt between them and the casket if they are a murderer, rapist or molester…..old west justice worked the best…..

  • http://evilspeculator.com Sir Mole III

    Wind generators are a scourge – ruins the landscapes and kills a of wildlife. Germany fell into that bubble and a large number of the subsidizes mills stopped working and are just rusting away. I’m on board with solar though.

  • http://evilspeculator.com Sir Mole III

    Nothing lasts forever, GG. Let’s make it count while it does.

  • Mark Shinnick

    Here’s where the bureaucracy is enriching itself bigtime at taxpayer expense and the prisoners are getting treated no better – where the ongoing crime and criminals are really at in this sham system.

  • Julie

    Interesting Mole ! How about ocean wave and currents ? …. There is research into that area
    JULIE

  • Julie

    EXAS Showing how important the daily 5 ema is A bounce off the daily 34 ema and has yet to close above the 5 ema on the recent pullback Possibly a bearish rounded top forming JULIE https://uploads.disquscdn.com/images/a3cb086a0d9e8f0182aebfb2d591fc6aba61f3af057cca5b05767bbf799330fd.jpg

  • http://evilspeculator.com Sir Mole III

    Yeah, why not – as long as it doesn’t mess up the wildlife.

  • https://scottphillipstrading.com/trade-setup Scott Phillips

    We have the same experience with wind generation in Australia. Solar is far better for most places. Advantage of solar is that it gets cheaper every year, whereas the input costs on wind generation don’t have the same scaling effects.

  • ZigZag

    Blog shutting down? Did I miss something?

  • http://evilspeculator.com Sir Mole III