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Setups Setups Setups

Setups Setups Setups

by The MoleFebruary 12, 2015

Way too much chatter on this board and way too little hands on trading. Almost none of you are riding this higher due to either a) lack of effort b) propensity for mental masturbation or c) trying to make predictions. Seriously? After six years plus of Evil Speculator goodness I expect a lot more from you guys. So once again, let me show you how it’s done:

2015-02-12_spoos_update

The bulls are clearly back in charge here as we have crossed all bullish inflection points and are now squeezing the tape higher. What I like in particular here is that the upper 25-day BB is now starting to point up, which means there’s almost nothing but air above. Well, I said almost – there is a weekly NLBL at ES 2088.75 but we just sliced through the one at 2062.25 and may have enough velocity to push it over the edge. That said – tomorrow is the last session ahead of a three day weekend (PrezDay) – and I have an inkling we’ll park up here and leave any remaining bears to roast for a few days.

2015-02-12_UVOL

Bots clearly in buy mode – look how smooth the UVOL line is climbing today. The squeeze is on! Heck, I’m just glad we are finally outside that dreaded trading range we’ve been locked in for over a month. The human sacrifice I offered the other day seemed to have appeased Mrs. Market. Gold Gerb – thanks for taking one for the team – you will be missed.

2015-02-12_Thor_NQ

Boy, I almost didn’t catch this pig except for the ST longs on the ES I put on the other day. However Thor came to the rescue and the current campaign is about 0.75R away from its target.

2015-02-12_setups

I promised setups galore, so step right into the lair – we even have a VIP section. And what happens in the lair, stays in the lair!

2015-02-12_EURJPY_setup

EUR/JPY – long here with a stop below the 100-hour SMA. It’s still early in the game but there is a good chance that the 25-day SMA remains in place. 1/2R only – if she goes we probably get a runner.

2015-02-12_crude_setup

Crude – long above the 100-hour SMA with a stop below 50. 1/2R only – I do love the formation on the daily but we cannot exclude the potential for more monkey business as there are too many eyes on this symbol.

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Alright, that ought to keep you rats entertained for a while – have at it and hopefully I see a bit more participation in the comment section. The Mole deserves better!

Cheers,

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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 the usual social media waterholes.
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