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Let’s Try This Again
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Let’s Try This Again

by The MoleJanuary 27, 2016

I had the right ideas yesterday but for some reasons various entries didn’t trigger. So let’s try this one again, shall we? On the equities side I missed out by just a matter of ticks but there is a reason why I’m being such a hard ass with my entries.

2016-01-27_spoos

We’ve seen a ton of intra-day volatility in the past few weeks and I don’t expect things to quiet down anytime soon. So a more disciplined entry afford me a stop with higher odds of survival. Keep in mind that the stop distance affects the amount of contracts I need to fulfill my R size. The wider my stops the smaller the amount of contracts. That not only affects my leverage but more important affects my precision. Let’s use our futures risk calculator to look at an example;

2016-01-27_futures_example1

Here we’ll assume a pretty standard $500k account and our contract is the E-Mini. The stop is 30 ticks – that’s 7.5 handles. Not even a large stop in market conditions like this. As you can see I get to trade 13 contracts and that gets me to $4875 in projected risk. Which means even with 13 contracts I’m only trading 97.5% of my desired risk.

2016-01-27_futures_example2

And the E-Mini is an easy contract – try silver which has a point value of $5000. Here I only get to trade six contracts and I’m missing out on 10% in risk. My choice is to either over or under trade.

Fortunately we don’t have this problem on the forex side – particularly if you are trading through IB, which allows single unit position sizing. If this all is a bit confusing to you then I encourage you to play around with both my risk calculators which you can find in the tools menu.

2016-01-27_USDJPY

Alright, on the USD/JPY I’m waiting for a drop lower as well. FWIW – I love that configuration and it very much resembles what we’re seeing on the spoos.

More setups below the fold:

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Bonus Chart!

2016-01-27_gold

Gold is looking super sweet but no setup just yet. I missed on a bit over a week ago – unforgivable, I know. Alright this one either takes off like gangbusters here or will shake out some of the late late comers. So let’s wait for the latter scenario to occur – perhaps a revisit of the 100-day SMA, which would be a juicy entry opportunity.


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.
  • Anthony Morrow

    mole, i noticed the clock isnt on the zero screen anymore?

  • nyse

    Wow that is a really helpful framework. Thank you

  • http://evilspeculator.com Sir Mole III

    Yeah, we had to cut down. Crisis and all…

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

    I hate Lucy.

  • http://evilspeculator.com Sir Mole III

    Yeah, she grew up ugly and became a market maker.

  • http://gerb-reloaded.blogspot.com/ Blood_Leech
  • OzarkHillBilly

    I always imagined a career for her in politics.

  • http://evilspeculator.com Sir Mole III

    Bonus chart!

  • http://evilspeculator.com Sir Mole III

    Peter finally took care of that bitch.

  • http://evilspeculator.com Sir Mole III

    Road house!

  • ridingwaves

    if it did as you state above it would be a very nice cup and handle to boot…

    PNF target is 1220

  • http://evilspeculator.com Sir Mole III

    Nice.

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

    if gold moves above the 166sma, you have my blessing.
    small pops above have occurred several times the last year.
    http://stockcharts.com/h-sc/ui?s=GLD&p=D&yr=1&mn=1&dy=0&id=p38743229440
    😉

  • Time Bandit

    Good morning and Happy Fed Day everyone. :)

    The NDX and IXB are still in decline which is good if you’re short and /CL has been all over the place and has been a challenge whether long or short. All this is subject to change at 2PM today or before – or maybe not so it’s on with the show.

    One thing I’ve noticed about Crude lately is that “normal” Contract volume per day has been around 300,000 and over the past few days I believe Volume has exceeded 500,000 Contracts per day. It’s not rollover time so I can’t say what’s happening but it just seems a little strange.

  • Ronebadger

    Grabbed very small long position near ES 1882…let’s see

  • ridingwaves

    Volatility is also strange..I think people are fixated by fed today but tomm. Draghi antics are the main show….he can’t come up short again….

  • CandleStickEmUpper

    Long nq 4166

  • Time Bandit

    I still have my “shaky” long in Crude and this weeks build in supply (I read this for entertainment purposes only) is twice as large as last week’s build yet price appears to be holding momentarily. But whether or not price can hold for the rest of the day remains to be seen.

  • BKXtoZERO

    for all ETF fans. My loss yesterday was 2.7R which is obviously not desired. I only point it out because as a non futures player, leveraged ETFs are my only source of leverage. Gaps are part of my life if I hold and they aren’t always in my direction. I have had a lot more winners that ran in the last 2 years and that is what matters. That and cutting losers quickly as well as small position sizing. So…. welcome to my world. I can see why y’all trade futures. No current positions.

  • Time Bandit

    No doubt Futures are safer. But I have to say that of all the ETF’s, a 3X on Goldminers is about as volatile and as risky as a they come. I tried messing with DUST and NUGT a few times and the price action was too nutty for me.

    I’m sticking with 2X Higher Volume ETF’s and leave the 3X’s to players with bigger balls than me.

  • Ronebadger

    or, buy the 3-baggers with smaller lots

  • Time Bandit

    Yes, that would make sense as well.

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

    you had a lot more winners. no that doesn’t matter.
    you are in the winning mode.
    you can have LOTS of winners, and one loser can take YOU OUT.

    another thing, and this one may twist your noodle.
    has your large gain in the past 2 years been because of LUCK, or SKILL?
    ie: any newb could throw a dart in the 90’s and get bull rich.

  • BKXtoZERO

    mostly came by applying basic campaign management rules learned here. As they say, the entry isn’t as important as managing it. Scott says that it is hard to be better than 50/50 or something close, can’t remember, but the emphasis is on what to do after entry and I don’t plan on being blown up any time soon.

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

    sounds like you are on track. just playing devil’s advocate.
    individual trades should be boring. “next thousand trades”.

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

    thar she blows! (5min)

  • Ronebadger

    OK folks, this seems to have legs…TICK +1200, TRIN .50

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

    that one serious IHS on the Spoos. Tim Knight be damned.

  • ridingwaves

    1910 volume hole…time to short….

  • Ronebadger

    SHORT COVERING! Gotta be…

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

    I’d wait for RSI to hit 70 on the 2hr Spoos. guestimate 1940’ish.

  • ridingwaves

    S SPX QQQ

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

    my chart.. green line is last weeks R1 pivot level

    there is now about 13 days of bears underwater.

  • Time Bandit

    Crude just went through yesterday’s high. Who woulda, eva, thunkit? Already over 434K Contracts. Hmmmmm?

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

    Inconceivable

  • Time Bandit

    On on the other side of this but with longer time frame.

    Well done!

  • Round we go

    Funny how i surf and mountainbike but then throw my back out bending over to get a drink out of the fridge. I am bedridden for three days minimum. Lets hope we get counter bounce to behave in that time:)

  • CandleStickEmUpper

    Sold NQ at 4198 (from 4166 as posted earlier)

  • mugabe

    I’ve never bought into this ‘the entry isn’t very important’ stuff. if your entry is terrible, no amount of campaign maangement will save you.

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

    the drink was the ‘last straw’. trust me, the biking did it.

    pulled my sciatica in my 20’s. out for a month. muscle relaxers are fun fun!

  • mugabe

    it often happens that way … seemingly innocuous movement.

    if you can get up, it’s good to walk around a bit

  • mugabe

    v hard to get a doctor to prescibe muscle relaxants in spain. they seem to think ibuprofen cures all

  • CandleStickEmUpper

    I’ll see how it goes leading up to the FED and afterwards. VIX indicating more upside to me, as well as the overall sentiment of a necessary rally.

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

    from what I heard, it’s easy to catch a train to France?
    and you pay in Euro’s {smirk}
    :-)

  • mugabe

    yeah .. try sitting on a train for a few hours with a really bad back:)

  • OzarkHillBilly

    I have no idea how so many people get addicted to pain killers and muscle relaxers. I’ve had broken bones, torn muscles, torn ligaments, pain so bad that I could barely walk (and I have a high threshold), etc, and the most they ever give me is a prescription for a higher dose of something that I could just buy at Walmart.

  • mugabe

    what, you mean jack daniels?

  • Ronebadger

    I feel your pain…I don’t get it either…

  • mugabe

    yeah, overall ,gaps should work half the time in your favour, but the problem is that campaign ‘managment’ becomes a relative term .. same problem with futures if you hold over the weekend … but that doesn’t seem to bother managed futures managers

  • Time Bandit

    Hope you feel better soon RWG. :)

  • Round we go

    I cant stand nor sit. Have to lay down evil speculator on the phone is pretty nice tho.

  • mugabe

    v sorry to hear that. try the heat patches

  • Round we go

    I injured my back doing squats with too much weights in 20’s. And get back injury if i am a bit over weight and not as active. Usually winter time. maybe i can get some legal green herbs out of it, here in socal :)

  • Time Bandit

    I think that some people have a chemical imbalance or something that makes them susceptable to addiction to pain killers. These pills can cause severe constipation and sometimes not worth it.

  • OzarkHillBilly

    Haha yeah it does look pretty good on a smart phone now. Take it easy on your back; I was in the same boat for awhile last spring and it really put me behind for the whole year, at least as far as what I had hoped to accomplish. However, I used that couch time to upgrade my trading game.

  • Time Bandit

    There ya go. :)

  • Billabong

    I ruptured my L4-S1 many years ago (2 yr recovery) and the only way I found to avoid problems was keeping the core really tight. I do 90 1/2 crunches everyday and a full array of core exercises every other day… otherwise, I’m down like you.

  • Round we go

    Hello you trade sco and uco which has been the most volitile etf. More than Tvix ?

  • ridingwaves

    anytime I see the word constipation attached to anything I avoid like the plague…

  • CandleStickEmUpper

    Hope you feel better. Funny you brought it up, on Friday I sprained my neck from doing front squats. I couldnt move for the last 3 days. Wife had to shovel the 24 inches of snow because the shovel company never showed up (probably overwhelmed). Luckily neighbor saw and let us borrow is snowblower. She’s too light for that thing, so I still had to push it back and forth with a stiff neck. Cleaned off what I could. Waiting for the 45 degree weather to do the rest slowly now. I suppose one can be active and athletic but still get injured at a moment’s notice from something else.

  • ridingwaves

    I went into doctor for check up and got a shot of bicellin for supposed respiratory illness, didn’t have a cough at all, they let me out early and when I got in elevator I passed out standing up, door open, fell straight onto tile floor and broke mandible…

    12 weeks wired jaws….moments notice injuries are the worst ones…worst part is I lost my girlfriend as their was no french kissing going on after that….

  • CandleStickEmUpper

    ugh, that sounds painful. She couldnt hold out on the french kissing? There are other ways!

  • BKXtoZERO

    Gold is a new one for me. I have been trying to learn the different personalities of the ETFs that I like for vehicles. Nat Gas seems to just move in one direction until you can’t stand it. Oil has a nicer volatility profile to me. The world is always arguing about the price of crude. There are always report and tension events etc. Gold is a new one to me. I have very few NUGT plays, did well actually. Only one DUST play, not so good. My bias is kind of long gold, long term so to me I would expect to get ripped apart some day if shorting and not careful. I’ll allow more long exposure for things I believe in than short exposure. Thanks for your help and all posts on these topics over the years.

  • OzarkHillBilly

    Sounds like there was something else there that she couldn’t do without! Sorry, ridingwaves, I couldn’t resist. But you should take it as a compliment … if she couldn’t live without it, then you must be pretty good at it. I bet you got a better gf upgrade later ….

  • Round we go

    Holy shit. That girl friend was week. To leave you in that state. Oddly now i dont feel as bad.

  • ridingwaves

    hot spanish girl too…left me for non caged tongue, kind of like all these egg lovers leaving their caged friends for free range…

  • ridingwaves

    I was 18 and their were other birds to flock anyways…but it hurt a little when she left…..
    https://www.youtube.com/watch?v=02M7Sg_vvQk

  • Time Bandit

    Yes I do and SCO/UCO are 2X. I’m also very familiar with them because I’ve been trading them for a few years ever since they came out. Another thing is that I can approximate the delta on them very easily instead of me doing X number of shares, I’ll do X amount of Dollars that expose me to Y amount of risk at my stop.

    I have a more difficult time doing this with the 3X’s and trying to work a stop with an almost an every overnight gap in Gold is even more risky. TVIX = Fugetaboutit. :)

    BTW, I’ve been able to add NDX and 2X QID/QLD and currently short NDX via QID.

  • BKXtoZERO

    Bonus chart….. pretty sweet. Thanks.

  • Kishore Kumar

    “…but that doesn’t seem to bother managed futures managers”.

    It is not their money! If they play with their own money, they will probably do a lot worse.

    It is always an unncessary risk if we cannot project the present into the nearest foreseeable future. Still, we need the security net of a resting stop loss order.

    With overnight, worse yet with a whole weekend, hold, to say the least, stops are a lot more likely to be hit. Moreover, why spoil the weekend? For a loss? Or even for all the money in the world?

  • Time Bandit

    I just replied to Round We Go just below and what we talked about might relate to what happened to you.

    I want to add to what you said about vehicles that “head in one direction until you can’t stand it”. From a trading perspective, these are the slow, grinding, longer term boring ass plays that make you a Shitload of money. No action to speak of. Just money. These are the types of trades I want. I’ve had my fill of action.

    I’m happy if I’ve been able to help you in anyway and writing this stuff out also helps me to keep this stuff clear in my own mind. :)

  • Time Bandit

    Going to miss the Fed 2PM action because I have to leave right now for a Dentist Appointment (Cleaning). Catch up to you guys on the other side. :)

  • ridingwaves

    this seems like classic case buy rumor sell news or is it an overcrowded short trade? where rumors are going to help prop up pricing to adjust for earnings bear upon us?

    headline
    Oil rallies rally on talk of Russia, OPEC output cuts
    quote from article below headline
    Russian officials have decided they should talk to Saudi Arabia and other OPEC countries about output cuts to bolster oil prices, the head of Russia’s pipeline monopoly said on Wednesday, remarks that spurred a sharp rise in prices.
    But there was still a long journey from starting discussions to actual cuts by Russian oil producers, with many of them saying reducing output was technically very difficult and could lead to Russia losing market share to its competitors.

    Tokarev said a meeting of oil executives and government officials in Moscow on Tuesday had reached the conclusion that talks with OPEC were needed to shore up the oil price.

  • http://evilspeculator.com Sir Mole III

    You guys have been chatty! How’s everyone?

  • Billabong

    I was also thinking talk is cheap. Who will blink first with Iraq and Iran coming on-line in large quantities…

  • mugabe

    fine, but if you want to employ any sort of medium- term trend following approach, you have to hold over the weekend. end of story. see Time Bandit’s comments on this.
    if,psychologically, you can’t stand to hold over the weekend, then you have to trade short term . it’s your only option

  • OzarkHillBilly

    Always nice to see another day in the green. Almost seems too easy for the bulls here, which makes me nervous when I consider adding to any position before we see the shimmies and shakes after the Fed announcement. So I’m just standing with what I’ve got already. When I feel the emotions creeping in around the edges of any decision I might make, I’ll just back off and let my stops and such take care of things.

  • Billabong

    That’s a loaded question judging by the ailments listed below … I’ll add another one. Last week I had part of my femur cut off during surgery (it was ugly) and a whole hip joint replacement. When folks said I would have instant relief, they had no clue what they were talking about unless they were on morphine. Anyway, I’m housebound for the next four weeks and the wife hasn’t run off yet…

  • OzarkHillBilly

    I did nibble another long option (IWM) close to the post announcement low, or at least the low so far.

  • http://www.ProfitFromPatterns.com/ Ivan K

    Whilst the entry is just the entry … what does matter is what you do with / after the entry.

    The graphic below shows the other side … that the Entry does make a difference (significant … tho not a deal-breaker in this sample) with the end result when CM is the same.

    The 4D Cube … as I have mentioned before is what we are dealing with!

  • Billabong

    You’ll find out soon enough. On FOMC day, the last wave at 3:30 going into the close is the key for possible directional follow through tomorrow.

  • http://evilspeculator.com Sir Mole III

    Wow, that was a nasty little stop run!

  • CandleStickEmUpper

    For ES shorts?

  • http://www.ProfitFromPatterns.com/ Ivan K

    You could look at either exiting your ‘medium term’ position on Friday’s Close … and reinstating the same position on Monday’s Open … or taking an option over the weekend … both strategies have positive and negative aspects.

    Research time perhaps.

  • http://evilspeculator.com Sir Mole III

    Look at the EURO run!

  • nyse

    BAM!

  • http://evilspeculator.com Sir Mole III

    Did you catch the EURAUD today? it was a sub only campaign.

  • mugabe

    has been in a tight trading range (vs usd) for over a year now

  • ridingwaves

    check the vix candle out…

  • http://evilspeculator.com Sir Mole III

    Spoos – out at break/even.

  • OzarkHillBilly

    That’s usually what I would wait on, if I trade at all on a Fed day. As it stands right now, I’m close to being stopped out. I was willing to step in earlier than usual since we whipsawed up first, then down to a reasonable (to me) support zone around 100, which allowed me to jump in with a pretty close stop not far under 100. Still there just barely but maybe not for much longer.

  • Ronebadger
  • OzarkHillBilly

    Dude I’ll have my fingers crossed for you.

  • BKXtoZERO

    I missed the “event” as I had a camera crew in my laser lab filming a PR type movie about our company. I think my hands may be in it. What did I miss? nothing burger?

  • Ronebadger

    5 min looks kinda “bear-flaggy” since the 20th
    http://stockcharts.com/public/1092905/chartbook/428507314;

  • BKXtoZERO

    Great. all cash waiting for ES rule #3.

  • ridingwaves

    pretty wild candle! this is all setting up for Draghi tomorrow….

  • BKXtoZERO

    My buddy at work had whole shoulder done. It has been 1.5 years and he is way better off. Hang in there, it will take a while and some rehab.

  • ridingwaves

    wow, here’s wishing you a quick recovery..

  • Ronebadger
  • nyse

    That sounds brutal – Hope you feel better!

  • Darkthirty

    Fentanyl will kill the pain

  • Kevin Mcdonald

    The Algos must have fallen sleep….

    Crude is holding up pretty well compared to the ES!….

    Is the correlation officially over?

  • Darkthirty

    Gap at 15900 DJI

  • nyse

    Did not catch it but saw that jump on my screen

  • ridingwaves

    sold 1/2 woohoo…running trailing stop in case of Amazon bomb tonite…

  • ridingwaves

    sold half NQ and SPX short, trailing stop on rest….the fed did just say China is not the only country slowing or in recession…

  • tradingmom

    25 points below vwap w/ divergence on the zero.

  • ridingwaves

    this plays out well if the divergence takes hold…

  • OzarkHillBilly

    One of the reasons I don’t talk about my trades much is because I then feel obligated to follow up. In this case, as you probably suspected, I was, or should have been, stopped out ……. but when I checked the actual option prices after IWM fell to my stop price, I found the option price itself had hardly dropped at all from my purchase point. Now it’s come back even though IWM itself is still below where I thought I’d have to bail out. Such are the vagaries of options and why I love/hate them so much. Given the lack of downside momo and the positive divergences I see, I’ll keep holding for now.

    Should have just waited until 3:30 to begin with, as noted, and I would have been better off.

  • Time Bandit

    Holy Smoley! That sounds awful Billabong. Hope you are better soon.

  • Time Bandit

    Just got back to see my positions doing well after the Fed Announcement. So no complaints and it wouldn’t do any good to complain even if I had any. :)

    I was concerned about being so late to the party on getting Short the NDX but it’s worked out OK so far.

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

    good job sir.

  • Billabong

    ES hit your volume hole at 1910 and was promptly rejected … nice attention to detail.

  • Billabong

    Genetics + an active lifestyle.

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

    DaMnnnn, what are you doing on this forum?

    the only worse story I know is a cop who voluntarily had his lower legged removed, the daily pain in the (gunshot) knee was unworkable. 😯

  • Darkthirty

    This is a painful post! 6 screws in L4 L5, discs completely blown. Found a girl that does cupping / acupuncture / massage, not cheap, but worth every dollar

  • Billabong

    Yes … LOL … currently on 2 Oxy every four hours … hope to reduce it in a few days

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

    Red for the week so far.

    I’m standing by the go nowhere call. 😉

  • Darkthirty

    or just start banging junk!

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

    month end end is almost upon us.

    worthy of note – the S&P100

  • ridingwaves

    triple ID on SPX daily, Draghi tomorrow is huge….if he only shoots a rifle instead of bazooka…we could retest the 1800 lows..but if brings the bazooka the volume hole will be passed quickly….

    this has been on my radar for a bit

    ridingwaves 2 days ago
    1910spx volume hole will need Fed dove talk Wed. or Draghi on Thursday to give MM’s QE 29 and counting for move over it…
    update-bulls are fighting the 1989 line Mole references above…if they lose it, we go back to 1880..

  • Billabong

    Glad to hear the news … Afraid to say anything and jinx the rest of the week. BTW, love Time Bandit change … Deadliest Catch was my go to show a few years back. A teacher friend of my brother took two of his summer breaks and went out on the boats … After the second time and a near rollover from ice, he called it quits … Although the money was really good for a couple of months work, he said it was just too dangerous.

  • ridingwaves

    just following the plan…good to be lucky…the last 5 years, going long on dips to volume hole were pretty good entries, trying to reset the mind to opposite trade (not easy so far) which might make sense here, short any rips to volume holes….

  • Time Bandit

    After covering my previous short of the GBP/JPY on January 15th at 166.89, I’ve been waiting patiently to see what it wanted to do from there. It hasn’t done much and hasn’t shown a Long signal by my lens since then. So with the Fed temporarily out of the way, I just reshorted it at 168.96 with an Initial Hard Stop set at 170.63.

  • Billabong

    There is always next time. Over the years, I’ve come to enjoy reading about people’s trades and not judge what they trade. As TB has stated many times, taking a position depends on the individual’s market lens. I always learn something from others experience.

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

    So humble!
    Bulls didn’t follow through on the hourly. Price reversed on the mid line between last week’s pivot point and R1.

    it IS a different Market.

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

    look at those swings!

  • Time Bandit

    Thanks. I’ve watched every episode of the Deadliest Catch from the beginning and a lot of them more than once. These guys get paid extremely well but what they do to earn their pay is amazing. To work as hard as they do for 30 – 40 hour stretches with no sleep, in the freezing cold, with gigantic waves breaking over the boat and ice cold water hitting them in the face is really amazing.

    I thought stealing the name “Time Bandit” from the 113′ Crab Fishing Boat that can get thrown around in the Berring Sea like a piece of styrofoam was appropriate because the dangers are similar to what we face but only to our money and thankfully not our lives. LOL

    Captain Phil Harris was my favorite and it’s too bad he died. His boat is still pretty cool but I didn’t want to use the name “Cornelia Marie”. :)

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

    ..just had an epiphany.
    I can’t sign my posts BL (blood leech), they might think Bobby Low. he he.

  • http://evilspeculator.com Sir Mole III

    I can’t believe January is almost over. Insane!!

  • Time Bandit

    I also try to learn from everyone here. Not so much from other people’s charts because when I look at someone elses chart through their lens it can be like trying to read with someone elses eye glasses that has a different prescription then mine. However, like Scott said “at any given time, a case can be made for going short and going long depending on style and time frame”.

    Case in point was today’s beautiful Long scalp by CandleStickEmUpper on the /NQ. I was and stilll am short the NDX via QID. He ended up with a great trade on the Long Side and my Short did well too. That is pretty damn cool! :)

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

    It get’s worse every year and when you get to be my age, it’ll feel like life is going by at “Warp Speed”. :)

  • http://evilspeculator.com Sir Mole III

    WHY? WHAT? HOW? Are you turning yourself into the bionic man??

    Hope you’re doing better soon!

  • http://evilspeculator.com Sir Mole III

    LOL – that’s me exactly. Training martial arts – rolling on concrete, getting punched and kicked, then I’ll pull my lower back doing abs. Then again I’m a crazy mofo… surprising my body is still in one piece.

  • http://evilspeculator.com Sir Mole III

    Got my very first acupuncture a week ago by some Spanish dude. I warned him to not hit a nerve. Of course the bitch pokes through a nerve in my right thumb that felt like I had touched a 220V outlet. Couldn’t feel my thumb properly for three days.

    Not going to do that again, noooo sirreeee – no more acupuncture for the Mole unless it’s a 75 year old Chinese guy who doesn’t speak a word of English somewhere in China town.

  • mugabe

    One of the reasons I don’t talk about my trades much is because I then feel obligated to follow up.

    Yeah, if you’re trading a lot and short time frames, I can see it’s a lot of hassle, unless it helps you clarify your thoughts.

  • Billabong

    Thanks … yes … genetics.

  • BKXtoZERO

    Looks like BK will be on TV in Star Trek 50th anniversary technology film.
    “The Yap Film crew is onsite today, they are producing
    a film for the Smithsonian Channel to reflect technologies seen in the Star
    Trek series to commemorate its 50th anniversary. The video is
    expected to air at the end of 2016”

  • Darkthirty

    Always get an Asian! Maybe happy ending too!

  • Darkthirty

    Better buy her a bouquet of batteries til you’re back in service!

  • http://evilspeculator.com Sir Mole III

    Clearly you’re the perfect person to run a trading blog.

  • http://evilspeculator.com Sir Mole III

    she’s giving me a bullish harami

  • http://evilspeculator.com Sir Mole III

    Depressing – fortunately for you guys my 9mm is locked in storage in L.A.

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

    BAC – I did not know!

    http://realmoney.thestreet.com/articles/01/26/2016/bank-america-life-support

    time to cul the bank herd. it could be sleeping with the fishes soon enough.
    Outside the weekly envelopes? check.
    RSI will paint under 30, accordingly.

  • kudra

    faded the QQQ’s almost 1% AH surge. Let’s see what tomorrow brings. QID @ 35.75

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

    support at 34.84
    if it spikes, the reward is worth it!

    http://stockcharts.com/h-sc/ui?s=QID&p=D&yr=1&mn=0&dy=0&id=p89925022717

  • http://gerb-reloaded.blogspot.com/ Blood_Leech
  • BKXtoZERO

    well my name is BKX to zero so I am taking note

  • Darkthirty

    Smells like sashimi

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

    the PnF shows 47, eventually. not sure about zero.
    😉
    http://stockcharts.com/freecharts/pnf.php?c=%24BKX,PWTADANRBOPADF1!3!!!2!20]

  • ridingwaves

    wow, that is the whole combination plate there…I need to do something not to keep looking…a beautiful woman for sure

  • OzarkHillBilly

    It does help clarify my thoughts and it helps keep me honest. I’m painfully aware that option trading leads to some very bad habits, because I’ve been guilty of all of them. I hated even mentioning that I stayed with that IWM call, because it sounds so wishy-washy, but it’s a liquid contract and it only traded .07 or.08 below where I bought it, even though IWM got whacked pretty hard for awhile. But that’s one reason why I don’t use a conditional order to automatically stop out on options; it’s almost always worth taking a look first.

  • OzarkHillBilly

    ES is great for that and it’s one more reason that if I’m going to mention a trade, I want to contribute intelligently and reasonably, let Mole bust my chops as he sees fit, and be open to comments from anyone else here.

    I’ll surf by some other blogs, which almost always denigrate into Bull or Bear watering holes, in order to get a feel for sentiment or maybe just because I’m killing time, and the comment sections just seem to get worse every time I look. Nothing but insults and dimwitted sarcasm in most of them. I took a look at ZeroEdge tonight; I used to find the comments to be amusing, but now I wonder more about the mental health of the regulars there.

  • mugabe

    That’s right – time frame and stop distance are everything. The only thing is, with longer term swing trades (on the dailies), you can spend days without doing anything once the trade is placed, so there’s not much to say!

  • mugabe

    doesn’t suit my personality:)

  • mugabe

    there must be a hammer joke there somewhere

  • http://evilspeculator.com Sir Mole III

    POS EUR/AUD got stopped out as well. Highly annoying tape as of late.

  • http://evilspeculator.com Sir Mole III

    What just happened with silver?

  • kudra

    Woops. Not looking good.

  • kudra

    Looking better after 8:30.

  • Anthony Morrow

    zero looks like it need a restart?

  • tradingmom

    Only runs during US cash market hours.

  • tradingmom

    Big picture possiblity — spx weekly

  • Anthony Morrow

    yea i know but the clock is wrong thats how you can tell if it needs to be reset or not to be ready for the open

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

    good morning,…
    Jennifer.
    ;-D

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

    :-) editing skills got sacrificed for speed

  • TheRooster

    “You could look at either exiting your ‘medium term’ position on Friday’s Close … and reinstating the same position on Monday’s Open”

    these probably aren’t the droids you are looking for – DYOR

  • kendallpineda87

    Wow… what a great post! I think it could also be useful for everyone to know how and where to merge documents online. I mostly use AltoMerge to merge PDF files. You can easily merge your documents here https://goo.gl/zBlfGe.

  • STORMY BAKKEN

    Good article, Thanks!