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Roll Up Your Sleeves
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Roll Up Your Sleeves

by The MoleOctober 12, 2017

Today seems to be entry day across the board as I’ve got promising looking campaigns crawling out of the proverbial woodwork. And it’s about time as I can tell a bunch of you guys were getting antsy in recent weeks. Watching and learning may have its merits but we’re here to bank coin, so let’s get to it.

Campaign Updates

2017-10-12_AUDNZD_update

Before we get to the goods, some campaign updates. AUD/NZD is still looking in pretty good shape and after a spike to 1R MFE our stop remains at break/even.

2017-10-12_USDCHF_update

USD/CHF wasn’t so lucky as we got stopped out at break even. I do think that this one has a lot of potential and if it bestows us with a retest of the current spike low then I may be tempted to jump back in here. I’ll definitely keep you guys in the know, no worries.

2017-10-12_ZN_update

10-year bond futures are progressing slowly but steadily. I think it’s fair to move our stop to break/even at this point as it scraped 1R MFE.

2017-10-12_soybeans_update

Soybeans continues to annoy us but the formation on the short term panel is producing a ton of context that may be of use later, assuming of course it can muster up the mojo for a jump higher.

Entries

2017-10-12_NG_entry

I grabbed a long position on natgas a little earlier today and it’s a good entry right now. But odds have it that it’ll probably gyrate around a bit more, so wait for a good fill and don’t chase it. FYI – we call this the widow maker for a reason – don’t grab more than 0.3% on this one.

2017-10-12_AUDUSD_entry

On the forex front we’ve got AUD/USD which looks like it’s ready to exploit yet another round of Dollar stomping. Quite frankly you could probably get a better entry on this one today or tomorrow but heck, I got to post it now. So it’s up to you – go long here or wait for a little dip lower.

Plenty more where this came from. Please grab your decoder ring and join me in the lair:

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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.
  • Brishort

    Full of ideas, thanks Mole!
    On any grains, corn, wheat or soybean, utter disappointment with the recent action. There may indeed be easier preys elsewhere.

    Equities are the big unknown right now, and conspicuously absent from your review ;-p… it’s a wait and see moment….

  • OJuice

    On /NG and /CL, it appears that the third week of October is seasonally week. Also, both can trade a bit lower and not break their current long term bullish patterns. Something to keep in mind when setting stops.

  • Brishort

    One more thing: would add that USD/CAD still looks good again after the recent pullback. I would not dismiss this one as a key one to put on the radar as well…

  • StockTalker

    Div on /CL 5 & 15 min, inventories at 11am. Long now for this event but will short it:)

  • StockTalker

    Shorted /NQ right here, tight stop in the clouds.

  • Yoda

    Wow, where is this sudden zero signal strength coming from?

  • Kidd Cudi

    you have a typo in the code of this post which allows non-members to read the whole thing.

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

    Muwahaha,
    I didn’t peek. I swear!

  • http://evilspeculator.com Sir Mole III

    Thanks for the heads-up. I guess the leeches got lucky today.

  • http://evilspeculator.com Sir Mole III

    That was quite a bounce.

  • http://evilspeculator.com Sir Mole III

    I constantly talk about them and we just got out of a campaign. Thought I’d give it a little rest until a reasonable opportunity presents itself. Plus my momo post yesterday covered equities in much detail.

  • StockTalker

    Short now @50.78, now see if we get a 3:)

  • Julie

    POT Another test of the daily 21 ema and Ichimoku Cloud baseline.. Dipsters came in …… Looking for a bullish close above the 5 ema at approx. 19.02 and conversion line approx. 19.09 As Mary stated yesterday Patience Grasshopper. Patience Pays ! https://uploads.disquscdn.com/images/44b1307b23214ac1d0747e39c398e118549a76a1fd9d4fea1f2e4abe955762cb.jpg JULIE

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

    Hi GG GDX quite the recovery yesterday i.e. bounce off the lower cloud boundary. You still have a 1/4 position. A close today above 23 .62 would be nice Strong resistance 23.74 Go Miners JULIE https://uploads.disquscdn.com/images/3c653de5a9b9dd872a188166b6f7e01abfa0b0af0bcf99855cbef603809f44df.jpg

  • StockTalker

    Top is in:)

  • almez

    Large zero but not much price movement…taking a short position here

  • StockTalker

    Crude confirmation, sell

  • Julie

    Good one Stalktalker USO a reversal exactly off the Ichimoku Cloud baseline at 10.29 (today’s high) Conversion line (8) below the baseline (21) and as I type price 10.14 below conversion line 10.15 JULIE https://uploads.disquscdn.com/images/4e1e8b8edf3f31b0540d2a5721bf760464d3b5e8d26e9bf5c945a48b14f55dfb.jpg

  • Mark Shinnick

    Nothing really hitting my various sells yet but as a group they look to be setting up.

  • StockTalker

    Been swing trading crude, looking for crude to loose the 50 mark here.

  • StockTalker

    If this is “IT” crude should dump like no tomorrow.

  • Mark Shinnick

    Sells falling into position.

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

    gold, silver, copper holding.
    this is a good thing.
    let’s see if the shorts will take their dam foot off the neck, so to speak.

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

    VZ,
    crowded trade ceiling. aaaand pullback.
    RSI 48.

    Can you hear me now?
    https://uploads.disquscdn.com/images/36d0e30c0f9eec73a59e5d36bf4501e9c1bcab8797954079ef93f5b767130513.png

    there is a massive gap from late July. quite a mystery as to when/if that would be filled.

  • Julie

    YUP GG GDX The daily 5 ema crossing above the 21 ema with the 21 ema turning up and above the 55 ema. Also RSI above 50 and MACD 5,34,5 above it’s signal line and centerline
    JULIE

  • Julie

    GG KEM IMO A weak breakout and POT not yet … i.e. has not met my criteria a bullish close above it’s conversion line approx. 19.09 in post below POT GG Glad you are feeling better and Scott too
    JULIE

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

    curious. what time frames do you watch?

  • Julie

    GG Nice channel developing weekly chart Let’s see Friday’s close if below the weekly 5 ema and upper cloud weekly boundary JULIE https://uploads.disquscdn.com/images/853e3a60977d7b7cc9e702af773be8a51742a97f56dcb1a4effaa1814ee5713f.jpg

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

    Nice.
    cut that channel in half, I see a median.
    -GG

  • Julie

    YEAH !GG Good eye bro !
    JULIE

  • Julie

    Monthly down to 60 min GG
    JULIE

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

    just looked at the losers today.
    T down 6%.
    ouch!

    http://stockcharts.com/h-sc/ui?s=T&p=D&yr=2&mn=2&dy=0&id=p75586971884

    abandon ship! all yee pensionsers!
    Muwahaha.

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

    GG USO today held the important daily conversion line (8) Possible move higher Room to run up on Stochs and RSI still above 50. Today’s high 10.29 exactly the baseline (21) Tomorrow a bullish close above 10.29 I may take a stab long. OK As stated below an important time frame I watch is the 60 min so a bullish hourly close above 10.29 would be an entry or EOD. Quite often I make a move EOD I also use a 30 min time frame not mentioned below. On 30 min I will insert the following EMA’S 7 — 18 — 30 which correspond to the 10 min 21 — 55 and 89 EMA’S JULIE
    https://uploads.disquscdn.com/images/b612262e5a764c6f1f7fcdca50472289967778cd21294f2faa20880f538a4891.jpg

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

    I’ve been hinting at a turn all August.
    WTIC shows it now.
    but remember, Oil is super challenging & volatile.

    http://stockcharts.com/h-sc/ui?s=$WTIC&p=D&yr=0&mn=6&dy=0&id=p27560307967

  • Julie

    Also GG 60 min chart the 34 ema corresponds with the daily 5 ema and the 144 ema approximates the daily 21 ema
    JULIE

  • Julie

    GG and Everyone What do think think Bros ? USO possibly up to 10.75 and perhaps 11.25 Certainly room to run up on daily Stochs and RSI at 52 https://uploads.disquscdn.com/images/4f4cb1a646ba6c90ef76780a61fee55efcb5c1b1f3fddd56527afc0fd9c6478b.jpg USO chart 1 year JULIE

  • Julie

    Also daily MACD 5,34,5 room to run before becoming overbought. Refer to post below in a reply to GG concerning USO . I may take a stab long with a bullish close above 10.29
    JULIE

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

    well, if you are talking a year – definitely switch to a weekly view. Daily is too much noise IMHO. (no offense).

    as MOle has told me, as well as many personal experiences. STO’s can always embed. Fibonacci’s also fail. throw a dart. LOL.

  • Julie

    LOL ! GG
    JULIE

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

    Oil, notice the red circle. pure evil. and that exit? to die for.
    take out all the stops, and run for a near month higher.

    Otherwise, I put this up as a classic zig-zaggy turn.
    I’ve seen stuff like this on smaller timeframes as well.

    https://uploads.disquscdn.com/images/a89552f3f8fa713c22c1d08b2318ee8ba17de60e696d1a74f6834ac710f427c1.png

  • Julie

    GG Beginning of year 2017 the Fibs match closely the pullbacks and bounces Just saying GG.
    JULIE

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

    oh trust me, I use to love fibo’s. I believe they work for more than 50%. But Scott swayed me over. How many fib’s have failed you? If they work so good, why doesn’t 100% of everyone use them? just sayin.

  • Julie

    Cuz they ain’t the Julie LOL ! If Fibs match exp moving averages ; resistance and support zones ; trend lines and channels along with overbought and oversold conditions …. things that help me GG Just a tool in the tool bag
    JULIE

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

    My Dad taught me, any one can have tools.
    It’s when to use the proper tool, that counts.
    he he.

    https://www.spreadshirt.com/image-server/v1/mp/designs/11026508,width=178,height=178/sharpest-tool-in-the-shed.png

  • Julie

    GG What screwed me up was EWT …… Big Mistake …. I wish that I never heard of it and it is totally blocked. My husband warned me about EWT .I do not even think about it . Doug told me to concentrate on support resistance channels trend lines overbought oversold volume etc. Since I no longer use EWT I have been doing great and hit a very high % of my trades. If wrong not wrong long.
    JULIE

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

    Amen.
    I wanted to add, there’s nothing like having a pack of traders networked together. like rats. one will smell something, another will hear something else. it’s not perfect, but you can definitely get a wiff of which way the general wind is blowing.

    ps. If it gets real quiet, then you know they are eating cheese!

  • Julie

    I second that Amen GG Doug also was adamant on letting a trade come to me and not to chase Patience … Thanks for everything GG and that goes for Everyone here Mole and everyone. Great place. The other blog I was stalked by a complete creep and the profanity used. YECCHH ! I feel totally at ease and welcome here Again thanks GG and everyone !
    JULIE

  • http://evilspeculator.com Sir Mole III

    Featured comment. I hope HD sees it 😉

  • http://evilspeculator.com Sir Mole III

    I’ll keep it running as long as I can, at least as long as you’re still kicking 😉

  • http://evilspeculator.com Sir Mole III

    Sorry for being quiet all day but I had a full plate today.

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

    Remember – Tenet #2
    Less is More.

    http://evilspeculator.com/information_diet/
    {yeah, pretty creepy GG, almost cult like memorization}

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

    Love the Park, hate the ethics.

    Time to Hang it up Mick, maybe think about retirement.

    https://uploads.disquscdn.com/images/22472b587d81cac2af1243b5b4524d88a0ab2a4728733df23d8e697122765f61.png

  • http://evilspeculator.com Sir Mole III

    Well, it’s only around 1-2% so I think they’ll be okay for now 😉

  • Mark Shinnick

    Equity shorts doing ok this morning.

  • http://evilspeculator.com Sir Mole III