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The Gift That Keeps On Giving
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The Gift That Keeps On Giving

by The MoleOctober 12, 2011

Of course I’m referring to the one setup that has consistently been banking us profits for years now:

The VIX buy/sell signal – just like bidets much misunderstood for some reason – continues to be one of our most profitable setups. And this time was no exception. The first warning was triggered at VIX 46 and we got confirmation at 38 two days later – a textbook setup. Now it’s dropped over 30% and is hovering around 30, the invisible Maginot line that separates the bear from the bull. Of course if we push below 28 we may just see a VIX sell signal (noobs – it’s relative to equities, so don’t get confused) which wouldn’t be surprising considering that we are heading straight into the Gobi desert of volume. More on that in yesterday’s update.

But the VIX is so retail – I can do you one better – please step into my office:
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Charts and commentary below for anyone donning a secret decoder ring. If you are interested in becoming a Gold member then don’t waste time and sign up here. And if you are a Zero or Geronimo subscriber it includes access to all Gold posts, so you actually get double the bang for your buck.
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The CBOE SKEW index hasn’t been available on the TOS platform for long but it’s now accumulating enough data to actually make out some patterns. Yes, I do have a lot more data on my Excel sheet but, frankly it’s so time intensive – at least for me. In any case I decided to slap the same 2.0 BB on the SKEW and low and behold – we are seeing similar patterns, this time directionally oriented with equities. Remember VIX is what retail traders look at – SKEW is for the pros. If you have never heard of the SKEW, then let me give you the skinny as I covered it in a previous post:

The SKEW is sometimes to referred to as the SIX or black swan index. It was introduced by the CBOE in February 23rd of this year and measures out-of-the-money S&P 500 options to determine the risk of unanticipated, or Black Swan, events threatening the market. The Black Swan reference, of course, is from the Nassim N. Taleb book of the same name that, in part, delineates the importance of low-probability but catastrophic events in financial markets.

Formula: The SKEW measures the implied volatility between OTM puts and calls and derive a numeric value from the difference between the two – I call it a delta. Like the VIX, which measures volatility across the S&P 500 spectrum, the higher the SKEW number, the more the danger of what traders referred to as tail risk – or occurrences that occur farther out on the edges of the traditional bell curve.

Short Description: Front month OTM put/call IV delta.

Again, I strongly suggest you re-read my more comprehensive post on the subject – it’s worth well your time and even if you did you may want to read it again as a general refresher.

The spoos hit a NLBL last week and are now very near our first target – again coinciding with the low-vol patch I elaborated on yesterday. I’m not going to call a top but 1240 ought to be good for a bit of a reversal. Of course if we continue higher without a correction then the bear dies somewhere around 1260.

The weekly SPX chart is now officially triggering a NLBL – we do have two more sessions to go and it’s possible that we reverse and dive back under. But that doesn’t mean we won’t try again in week 42 or 44 – as you know I’m expecting a bit of a reversal in week 43. If you want to know more about that ask friend of the blog Chris Carolan.

The monthly SPX is now pushing above both the 100-month and 25-month SMA – that’s pretty bullish if it can hold on here. Next cluster of resistance somewhere around 1250 – which nicely ties into 1260 being the inflection point where the bears drop into a shallow mass grave.

As I predicted yesterday (and so many times before) the real action was over on the FX side – and boy, did we see some movement overnight. The AUD/JPY was a harbinger of things to come today on the equities side. Seems like it’s smooth cruising now all the way into 81+.

Same story on cable (GBP/USD) – after tickling those NLBLS it painted a beautiful inside candle, which Scotty will kick himself for missing out on. Now we’re off to the races and I have 1.6 in my sight.

Those are not the only FX pairs of interest – in essence all the setups I presented yesterday have now broken out to the long side – and massively so. Anything with USD as the base currency is getting stomped on today. Commodities are pushing higher across the board. The writing has been on the wall for a while now and what is apparent to everyone else after resolving to the upside was controversial analysis in a very bearish climate just over a week ago 😉

Cheers,

Mole

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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.
  • http://practicalt.blogspot.com/ Gold_Gerb

    (GG presses ear against office door)

    mumble mumble…leads…mumble mumble.

  • http://evilspeculator.com molecool

    Why don’t you get it over with and subscribe you cheap bastard!

  • Anonymous

    1240?

  • Anonymous

    Blahhahahahahahaha

  • http://practicalt.blogspot.com/ Gold_Gerb

    you were going to run off to Germany with your Korean girlfriend.
    😉

  • http://evilspeculator.com molecool

    I swear – he’s been here for two years and is missing out on all the good stuff. I’m thinking college kid who’s too bored in Math class…

  • http://evilspeculator.com molecool

    Remind me to rub some superglue on those doorknobs next time.

  • Anonymous

    well it is certainly funny. I love it.

  • Anonymous

    Could this ramp have anything to do w/ Ben’s Twist campaign?  Timing lines up perfectly.
    http://www.newyorkfed.org/markets/tot_operation_schedule.html

  • Anonymous

    if it look like a top, then it is a top

  • nyse

    Dude if you trade FX you will love ZeroFX. Pretty bad ass and definitely worth the $50 or whatever it is, IMO, at least to give it a try.
    (And, no – I am not a paid ES shill.)

  • nyse

    GG whatchuthink about that reverse fan? Pretty slick Fibz.

  • Anonymous

    5 min [zl] now has two divergent peaks.

  • http://evilspeculator.com molecool

    Does it quack like a top?

  • http://evilspeculator.com molecool

    Well, it’s free with the Zero – just to be clear 😉

  • http://evilspeculator.com molecool

    Well, it can’t hurt – that’s for sure…

  • http://practicalt.blogspot.com/ Gold_Gerb

    I love it. 
     it’s exactly the badness backwards kind of thinking we need around here.

  • Anonymous

    Thanks for the update Mole…a freind of mine bet me that we see 1100 by 1st part of next week………………..I wook him up on it lol

  • Anonymous

    A quick pop to 1240 would put us above the high of the range we’ve been in since mid-Aug (1225-1230) and smack in the middle of Mole’s Gobi Desert but would/should give a VIX spike lower thru BB (28ish) and set-up a sell signal.  A slow equity climb could allow VIX to just ride that BB down.  The reason it would have to be a quick pop-n-drop is that a close above that 1230 area could embolden the bulls.

  • Anonymous

    took

  • Anonymous

    Mole, so what happen if VWAP does not hold? 1240 scenario is postponed?

  • Anonymous

    Yeah.  Ben wanted it to work.  Time will tell if it really does…

  • Anonymous

    VIX goes 29.79 and bounces. 

  • Anonymous

    Thoms bastards didn’t stop me out for a change. Holding my short position;) Double top on SPX.

  • Anonymous

    I’d like to see VWAP fail before the close.  Even if it doesn’t the VOL is lighter today.

  • nyse

    Ahhh…

  • Anonymous

    rape time…

  • Anonymous

    You guys are so cool! My $$$ best spent, thanks

  • Anonymous

    We dropped a few handles, but not enough

  • Anonymous

    enough for what?

  • nyse

    You’re cool.

  • http://evilspeculator.com molecool

    Glad you’re having fun.

  • http://evilspeculator.com molecool

    The end of the world as we know it.

  • Anonymous

    LOL!

  • Anonymous

    Euro hit the 38.2

  • Anonymous

    been adding NLSL’s to my charts, 
    if I am doing it right we have an hourly NLSL on /ES at 1205

  • Anonymous

    i went short a bit early today, soonly marginal profits

  • Anonymous

    do they work on hourly charts?

  • Anonymous

    I know. I have fumble with the idea. I had it when it was in beta stage.

  • Anonymous

    toeing the line…

  • bshah

    is Google reporting today….? with 6 days up, interesting ?

  • Anonymous

    I prefer this one

  • Anonymous

    http://content.screencast.com/users/AMCabrera/folders/Jing/media/ef10d5ec-c57b-4ace-82f1-2841497e4e5d/2011-10-12_1559.png
    I forgot to post this. It did not get out of the oval…but still bullish for the rest of the week at least, ObViously 1190 is huge.

  • http://practicalt.blogspot.com/ Gold_Gerb

    I would mock your oval.  but there is an Oval we must all respect.

    WORD!

    http://2.bp.blogspot.com/-6G4pg_Q_O6o/TlaMronOkgI/AAAAAAAAFEk/INlIYCgMJkQ/s1600/Egg+of+Doom.png

  • Anonymous

    yes, you may see them sometimes noted in Mole’s posts

  • Anonymous

    Aaaaahhh! The end of the world cometh!

  • Anonymous

    WICKED!

  • Anonymous

    I agree

  • Anonymous

    This is what happened to spx at 1220 today
    I hope the buck is ok
    http://www.youtube.com/watch?v=S2oymHHyV1M

  • Anonymous

    Thats one big easter egg!

  • Anonymous

    Nicely “bullish” daily candle!

    Snorrt!

  • Anonymous

    After hours Carnagie Hall going on!

  • Anonymous

    1190 is also where the daily acceleration line will be located tomorrow

  • Anonymous

    holy bejeezus. GG that chart and commentary brings a tear to my eye.

  • Anonymous

    is there a link to the acceleration line? i would like to refresh my reading.

  • Anonymous

    Inside day on crude /CL

  • http://pulse.yahoo.com/_N2BRXG3E35GXBXZTEBSXLUSDCM B

    Mole I’m guessing that SKEW chart is also paid sub only at stockcharts? I can’t seem to find the symbol when I try to look it up…

    BTW great job (and others here) for the clear eyed analysis!

  • volar
  • Anonymous

    You can start here I guess:
    http://evilspeculator.com/?p=23452

  • Anonymous

    @AMCabrera:disqus Aussie does not want to rally on good news. I suggest you come over to my side!

  • Anonymous

    Yumm I went long before it was even at parity and then again. it was good enough rally for me. I trade I take no sides. and the aud/jpy blessed me toady.

  • Anonymous

    Nice. I cant trade. I have to pick sides. Reach home at odd times almost always after 4. Hence trade forex. I will  cover at 0.8 and see if that holds.

  • http://evilspeculator.com molecool

    Damn you Volar – I was just about to convince him to send me his savings.

  • volar

    other than data without analysis is useless 😉

    why someone would not pay $29 for this is utterly BEYOND me….

    I pay for alot of crap.. not much worth  ZL and all the frosting

  • Ted Gresch

    Copper is dumping as well.

  • Anonymous
  • Anonymous
  • Anonymous
  • Anonymous

    CHARTS locked up….have to reboot….was going to show you again and again to this afternoon high

  • Anonymous

    oh crap i just erased all my data…..well some other time….

  • Anonymous

    CTRL+z

  • Anonymous

    thanks joe but its gone

  • Anonymous

    :(

  • Anonymous
  • Anonymous

    Amazing that $SPXA200R is still under 30 after the week we had:
    http://stockcharts.com/h-sc/ui?s=$SPX&p=D&b=5&g=0&id=p57139556719

  • http://evilspeculator.com molecool

    Nice!

  • Anonymous

    What do the orange and green numbers with dotted underlines mean on Zero and Zero FX? Thank you!

  • Anonymous

    anyone else having there post get eaten.

  • Anonymous

    Yesterday was a weird day for me.  Being on European hours sometimes works out well as NY Midday is often a snoozefest and this is when I travel home or go to the gym.  Not yesterday but it sort of worked out for me.  Came out of my workout to find my stops had just been triggered at 1,615 and the market was sitting at 1,610.  I was really feeling this position though, so put on 150% position short Dow which hit at 11,607.  So effective cost base is 11,568 with the losses.  

    I really feel that if I had been staring at the screen for each agonising tick higher, I probably wouldn’t have been in the right mental state to stick in there, but because I missed the entire squeeze, I was able to look at it dispassionately.  Like most people, I do my best trades in this state.

    Went out with the lads last night for our weekly wednesday pints and came back fairly sozzled last night to discover I was in the money and had missed all the drama.  Fine by me.

    This morning I find myself in a bit of a quandry.  If I didn’t have a position on, I wouldn’t know what trade to take, which is probably a sign I should book some profits.   However, retained P&L is a nice cushion and I was playing for at least a pullback to S&P 1,180 (which would probably be healthy medium term for the bulls).  Also I mentioned yesterday that 1.38 EURUSD was a critical level, which seems temporarily rejected so I’m going to hold but bring my stop in to breakeven. 

    This morning I also went short Gold at $1,680, stop $1,705 and short silver $32.60, stop $33.15.  These are protective measures against physical metals positions that I own.  Gold is painting a pennant/triangle and is banging its head against the upper boundary of an ultra long term trendline on the daily chart I use.  Hence tight stop.  I feel the metal needs to revisit as low as $1,530 or so which would still leave it within my long term boundaries and still technically in a bull market.   The bottom caused by the margin raises and the panic a couple weeks back was just too abrupt for my liking (a bit like equities tbh).  The silver chart is not as perfect and quite messy given the volatility but I’m putting this on because I think if gold falls it will get dragged lower too.  Happy to give up some upside here if I am wrong about these. 

    Now where are those fucking nurofen again……..

  • Anonymous

    Great minds think alike :-)

  • Anonymous

    http://content.screencast.com/users/AMCabrera/folders/Jing/media/7b47c492-be48-4992-9136-f747d6ecdecc/2011-10-13_0534.png

    Ok this is important. If this index breaks out of here and stays then the probability of visiting 1350 become increasingly greater. As I mentioned several weeks ago I noticed the IV of the euro put options on ise increasing  with vega really racking up the premium for them now look at the euro. I’m thinking the same here except flipped, with tail risk for the s&p bottoming out at 100 we could visit the other side of 130 where then the cycle continues all over again. and please if Im reading this wrong feel  free to bash me and correct me.

  • Anonymous

    I don’t know about great but if you’ve anything close to the same thought process as me at the moment, please be sure to post when you are thinking of covering. 

    In terms of planning ahead, payrolls are obviously always liable to cause a short term wobble.  If we remain down into 8.30am and then spike post payrolls, I will probably add to my short position, as fading the initial reaction to these news announcements has been fairly profitable for me recently.  Last friday especially.  If we continue downwards for the next couple of hours, I will almost certainly take some profits, as we are bound to retrace a good portion of the premarket move in cash, but I will be looking for opportunities to get short again in that case.

  • Anonymous

    A great man once said, “shit, or get off the pot”.  Take a hint please Euro and fucking die already.

  • Anonymous

    We just hit the NLSL on the EURUSD 5 minute and immediately rebounded.  Everything is coiled like a spring.  Either the Euro puts in a base here and we move higher, or we break and take another leg lower. 

  • Anonymous

    Good logic. Whatever works for you is the way to go.
    CS & other do talk about gap opens and retracements of gaps

  • Anonymous

     GG – your the only person i know that likes onion rings with their T :-)

    Anyway, Lord of the Rings, show is the way to Middle Earth!

  • Anonymous

    I doff my cap to the market makers.  That headfake/stoprun was truly a thing of beauty.

    Chaps who use the zerofx.  How reliable do you find the NLSL/NLBL on the 5 minute?  We toyed with both for an hour or so, before appearing to break upwards only to plunge down convincingly through the NLSL.   Whats the usual target from there?

  • Anonymous

    Stops in on gold and silver to $1,684/$32.77  (just above HOD’s).

  • Anonymous

    And just as I post this we are back into no-mans-land again.

  • Anonymous

    We are a WEEK behind on the Daily Zero…or is it just me?

  • Anonymous

    Cutting the additonal 50% I added at 11,607 now at 11,442.  Mainly because I am past the hangover stage and now have the munchies so will probably miss the payrolls fun as I am going out to consume egregious quantities of food.  Anyway, being at my desk watching MM’s run stops on all sides at 8.30 will probably just make me do something stupid.  Back to 100% position size then, but will look to add if we gap down and close the gap.

  • Anonymous

    Daily zero a week behind? YOU are a week behind :-)
    (joke!)

  • http://thefxspeculator.blogspot.com Onorio

    Short AUDUSD at 1.0142 (1H RTVS) SL 1.0172 TP 1.0082 (2R)

  • Anonymous

    Folks just back from a delicious mini nasi-goreng, and I see fireworks post payrolls have been muted enough.  Adding back 10% @11,463 of the 50% I took off earlier @ 11,442.  Could be pain involved for me here (or rather loss of profits) depending on which way this EurUSD resolves.  I personally think its a bear flag being painted, but we need to break down pretty soon or equities may rocket. 

  • http://practicalt.blogspot.com/ Gold_Gerb

    you mock the great GGandalf?
    if you weren’t so funny, I would label you a cave troll!

    http://upload.wikimedia.org/wikipedia/en/a/af/Cave_troll.jpg

  • Anonymous

    EURUSD just hit the NLSL @ 1.3722 again so I’m holding.  Triangle/bear flag looks to be resolving to the downside on this pair, so I’m holding short equities although mindfull of the headfake.

  • Anonymous

    Make sure you do a refresh in your browser, even after the page has loaded. The daily can get stuck in your browser cache.

  • Anonymous

    Ok some Zero education please.  If I am reading this right, the Zero is saying this move is genuine and apt to continue?

  • http://practicalt.blogspot.com/ Gold_Gerb

    morning chaps,
    looks like the bottom channel test is being called for.

    http://i55.tinypic.com/20ijcp0.png

  • Anonymous

    The strength is still a bit low.  -.5 but look for lower lows and lower highs.

  • Anonymous

    morning sir. 

  • Schwerepunkt

    Corporal what’s your downside target?

  • Anonymous

    Thanks for this trade mate, has banked me nice coin.  Bringing my stop in and letting it run as far as it will go.

  • Schwerepunkt

    Slovak Parliamentarians thinking about challenging legality of 2nd vote. I guess they haven’t covered their EUR shorts yet. 😉

  • http://thefxspeculator.blogspot.com Onorio

    You`re welcome :) that`s why we`re here, to bank coin!

    I moved my stop to BE and raised my target to 3R, not much support till 1.0015

  • http://practicalt.blogspot.com/ Gold_Gerb

    SPY love (fib fan)
    I’m sure this was just coincidence.
    😉

    http://i55.tinypic.com/315dild.png

  • Schwerepunkt

    Bounce at 118, or so?  

  • http://practicalt.blogspot.com/ Gold_Gerb

    yeah.  
    or at least some grind, like a skateboarder down the rail?

  • Anonymous

    Well I’ve been saying for the last few days that I would be very surprised if we could just cut through all those resistance points without some sort of retest of the 1,180 area on the S&P so that seems like a logical target and as I said, respect of that target would lend more authority to a bull run for the remainder of the year.  

    But since I’ve restarted trading after my year and a half hiatus following my fathers illness, I’ve been much better at not being a pig.  Booking profits, moving on.  Setting myself water marks etc.

    So I’m not expecting a straight line run, and with one eye on EURUSD I’m ready to closeout at a moments notice.  I dont’ want to give these profits back.

    And I’m approaching a point where I feel like covering just to fade emotions.  My account is up over 8% this week.  I normally do a psychological sanity check at 5% (where I step back and try to be objective about whether I’m taking too much risk and so forth), and when I get elated its normally about to go bad for me. 

  • Anonymous

    Taking profits on TZA, not much conviction here!

  • Anonymous

    Out at 11,425.  Zero seems to be showing waning participation.  EURUSD just went up through a NLBL and appears to have put in a momentary bottom.  I’m being super cautious here.  Will look to get back in from higher.  I may be early here but my experience recently has been better doing this.

    Holding my Gold/Silver shorts as they are hedges to physical positions but adjusting stops to gteeed profit levels at $1,670 and $32.00.

  • Anonymous

    Sometimes the zero line can mark good re-entries if you can identify a trend day. $Tick etc

  • Anonymous

    Looks like I was too early and should have held.  Pity.  Then again, I’d rather be out, wishing I was in, than in wishing I was out.

    I need to exercise discipline now.  One of my greatest faults is after I close a profitable trade too early, I’ll often regret it and get back in at a worse price because I begin to think “OMG what if I was right and this was the big one”.  That normally results in immediate market reversal.

  • Anonymous

    It’s this LOD restest that matters.  Bears need to bring it NOW.

  • Anonymous

    This retracecment is about as big as the one 4 days ago.

  • Anonymous

    Mind reader, I’ve just gone speculatively long the Dow here at 11,403 with a stop just a fraction away from the LOD.  Lottery ticket trade with little risk.

  • Anonymous

    Tripped and out.  Damn I was way too early covering that short.

  • Schwerepunkt

    5-min recess before Slovak vote; no doubt they’re calling their brokers and squaring their positions.

  • nyse

    Hello, peoples. How we lookin’ today?

    Yo Mole! What’s up on getting some more of those Red Evil Speculator shirts made. I checked and they are sold out. Get at me, dog.

  • Schwerepunkt

    Bullish divergence on Euro v. SPX. 

  • Schwerepunkt

    Slovaks passed the emergency sausage fund.

  • Anonymous

    Long daytrade from 1185.50 ES
    stop only two points bellow.  

  • Anonymous

    Same long Dow again at 11,396 this time having got stopped at 11,389.  Stop just below LOD again.  Surely the sausage vote is good for some reaction?  These are only trades for me and not serious positions btw.

  • Anonymous

    I’m nervous about this so stop in to b/e already. 

  • Anonymous

    yeah, felt like stepping in front of a passenger car (not a train, mind you :))
    took it based on 1 min chart divergences in AUD and Copper

  • Anonymous

    you know after a while these markets become like cheap horror flicks. wooo scary 1190. so cheesy. or a really dumb action flim that continues for to long for the upside oooh is he gonna make it 1220!? SINCE AUGUST GOD D*(&(^&*^*(^* do something already!!!!!!!!!!!!!!!

  • Anonymous

    now it looks like a double bottom on ES on 1 min chart.  flimsy looking, but it may hold

  • Schwerepunkt

    Euro busting out a bit. Unless it reverses, market may have bottomed. Let’s see what happens for the next 20-min. Europe closes in 5-min.

  • Anonymous

    I wasn’t suggesting going long.  Was just saying be on the lookout.  Nothing on the zero is + today.

  • Anonymous

    got to go through 1.3750 with conviction first

  • http://practicalt.blogspot.com/ Gold_Gerb

    EUR/USD 1.373 – looks like it bounced (at least in my uphill channel)

  • Anonymous

    Should be good. Small divergence on the 5 min ZL.

  • Anonymous

    GG – is your most recent chart on your blog suggesting sustained downward action for a number of days?

  • Anonymous

    raising my stop to 1188.25, to lock in few points just in case

  • http://practicalt.blogspot.com/ Gold_Gerb

    actually the opposite.
    if price at the end of a T refuses to turn, then the trend continues.

    http://3.bp.blogspot.com/-Vo0UvMZKWAE/TpWx8JFdEZI/AAAAAAAAAR8/8SXxzUQEET4/s1600/punches.png

    the EUR/USD uphill channel intersects 1.39 around the 18th supporting my fragile thesis.

  • http://practicalt.blogspot.com/ Gold_Gerb
  • Anonymous

    haha!

  • Anonymous

    Thanks – useful info on T system

  • http://evilspeculator.com molecool

    Hey mate – I just added some colored shirts. Let me know if you like any of those:

    http://www.cafepress.com/evilspeculator

  • Anonymous

    out @ 1188.50 
    this tape is going nowhere…

  • Anonymous

    Off of 0? Some would say too small to count.

  • http://practicalt.blogspot.com/ Gold_Gerb

    ramp and camp, banditos.

    http://i55.tinypic.com/15qzyhy.png

  • Anonymous

    Can someone send the memo to the marketmakers please?  Don’t they realise the slovaks just like, saved the world and stuff?

    I know for sure if I was short when this vote went through they would have gang raped me, now that I’m actually long why do I get the feeling we are about to break down any second? LOL

  • Anonymous

    yea I know how you feel. But those thoughts about news and votes need not matter and judging for you post previously it doesnt seem you put to much weight in the news, which is good. The way I see it the markets especially fx are already two weeks ahead of bs news. Keep steady. Since being here, the folks here have helped me wean off news completely.The daily crap I mean of course.

  • Anonymous

    nice green puke zone! lets see what happens next 😉  

  • Anonymous

    I like the cardinal red and navy blue

  • Anonymous

    So quiet today in here.

  • Anonymous

    That’s quite a selection of goddies their;)

  • Anonymous

    To whoever sent the memo, thank you muchly :)

  • Anonymous

    Long stop into slight profit now at 11,415…again being super protective.  

  • Anonymous

    Corporal – your gold and silver shorts must be doing well?

  • Anonymous

    Euro and /HG taking off here

  • Anonymous

    ZL isn’t so far

  • Anonymous

    When looking at the above chart are we not seeing the vix buy signal that just preceded the last one failing miserable?
    50% sucess isn’t that a coin toss?

  • http://thefxspeculator.blogspot.com Onorio

    RED ALERT!

    Several risk currencies have placed 4H pinbars, this mean we should go up to a new high, IMO that high should be placed with divergence and we should have some kind of retrace there. So keep your guns loaded, not the time to go short yet…IMO.

  • http://thefxspeculator.blogspot.com Onorio

    By the way im long EURJPY @ 106.50 SL 106,15 the target will be 2R

  • Anonymous

    Good ?  I lost some coin on that trade.

  • Anonymous

    money flow has been diverging from this rally since 10/5

  • http://thefxspeculator.blogspot.com Onorio

    July 20 you got a valid signal, that makes 66% accuracy in that chart…not coin toss

  • Schwerepunkt

    This rally from 1pm  is awfully week. ADX ~23.

  • Anonymous

    That is “weak”.

    Indeed. ZL is not impressed at all.

  • Tronacate

    As we flew threw vwap with a flat zero……hmmmmm

  • http://practicalt.blogspot.com/ Gold_Gerb

    no problem.
    I just remembered, futures can have unexplained gaps. while the SPX does just fine.

    here is an example from Spring:

    http://practicalt.blogspot.com/2011_05_01_archive.html

  • Anonymous

    Reminds me of some old Teutonic teachings 

  • Tronacate

    Some bearded wrinkled old dude…..lol

  • Schwerepunkt

    yes . . . stupid error on my part. And I used to be a journalist, writer, scribbler. Weak.

  • http://evilspeculator.com molecool

    ¤ø„¸¸„ø¤º°¨¤ø„¸¸„ø¤º°¨ 
    ¨°º¤ø„¸  N E W  „ø¤º°¨ 
    ¸„ø¤º°¨ P O S T “°º¤ø„¸
    ¸„ø¤º°¨¤ø„¸¸„ø¤º°º¤ø„¸

  • Tronacate

    This is too weird…….

  • http://pulse.yahoo.com/_N2BRXG3E35GXBXZTEBSXLUSDCM B

    I have a ZL sub, I’m wondering about the stockcharts chart Mole posted. I don’t get anything for $SKEW CBOE when I search stockcharts, or any derivation, so I figured you must only get it with a stockcharts sub?