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The Quiet Before The Storm
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The Quiet Before The Storm

by The MoleNovember 11, 2013

I’m getting pretty giddy down here in the lair for two reasons. First and foremost – it’s been super quiet in the comment section! Although it’s Veteran’s Day in the U.S. today I think it’s rather obvious that retail has reached its exhaustion point after having been whipsawed into oblivion for weeks now. And what’s bad for the blog usually benefits the trading end of my nefarious little operation.

Because if history is any indicator then big moves are looming on the horizon. The second reason why I’m donning a pretty silly grin today is the sheer flood of superb inflection points I came across. This is pure manna from heaven after weeks of having to wait on the sidelines. Remember all those days when I told you to wait things out and to preserve your energy for a better day? Well, this is NOT one of those days – we are ready to strike and strike we will!

This morning I already pointed out the 1770 inflection point on the spoos. After two sharply trending days it’s not surprising to still see us trade below it – this is to be expected while institutional traders accumulate before they push things into third gear. Which way it’ll go you ask? I have not the slightest idea but frankly a crystal ball is not necessary as we are short until 1770 and long above it. Thus far our inflection point has been observed nicely which once again suggests that successful trading does not have to be difficult.

Alright we have plenty on our plate today – let’s dig in. I’ll be quick to get this post out of the door and all charts are more or less self-explanatory.

NQ – same setup as this morning – once again our NLBL has held up famously. This formation looks a bit like a RTV-S but however it is NOT. I can’t really put a label on it but everything in me screams that we’ll see a big move here soon. Let’s try to jump onto the right bus, shall we?

The Dollar is touching its 100-day SMA and we are graced with a beautiful inside period. Perfect inflection point – triggers on the chart.

EUR/USD – double inside day and it’s not the only one today. Excellent context here as shown on the left panel.

But we are just getting warmed up – plenty of goodies below. Please step into my 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.
  • SS_JJ

    Set-ups R plenty. Can’t wait for tomorrow.

  • w00tsy

    Is the 1770 NLBL generated from last Wed’s high, because Wed, Thurs and Fri made lower lows each time? Just trying to wrap my head around this one.

  • amokta

    steady as she goes, but warp drive may engage, in which direction?

  • http://evilspeculator.com molecool

    DUDE – did you READ my post? It’s rather clear here what we need to do. No use in guessing directions – price will point the way.

  • http://evilspeculator.com molecool

    Yup – you got it.

  • http://evilspeculator.com molecool

    Glad to see you always show up for work :-)

  • amokta

    ok. read it now :-)

  • SilverEagle

    Today’s range is hilarious. Never seen a market just absolutely flatline like this..

  • SS_JJ

    I’m all geared up in my spacesuit. Waiting for Ms. Market to press the launch button. 😉

  • http://evilspeculator.com molecool

    After two trending sessions the odds for a sideways day were pretty high. No big surprise there.

  • http://evilspeculator.com molecool

    Oh she will – she always does. And usually when you least expect it.

  • http://dartht.blogspot.com/ Heisen_Gerb

    no love for the TLT today.
    negative waves on the MACD.

    http://stockcharts.com/h-sc/ui?s=TLT&p=D&yr=0&mn=9&dy=0&id=p04457712453

  • SS_JJ
  • newbfxtrader

    https://www.tradingview.com/x/fne5c7qG/

    https://www.tradingview.com/x/9je3n95E/

    https://www.tradingview.com/x/DGZHjRt0/

    https://www.tradingview.com/x/eTImeH0W/

    Positions right now long eur/aud, long eur/nzd, long gbp/aud, long gbp/nzd. Will add more as murkiness clears.

  • Skynard

    Trying long AUD 5 min

  • phylum

    Thought you might:)

  • Skynard

    Compression trade, 3 tick stop:)

  • phylum

    All I know I’m getting way too many trend lines/channels on my charts trying to keep track!

  • newbfxtrader

    https://www.tradingview.com/x/GaoUhSE6/

    USD/jpy already picked a direction….

  • SS_JJ

    Upper trendline does not touch 3 points.
    Could also be this scenario (tentative orange resistance line)?

  • newbfxtrader

    Definitely possible. Was mainly looking at candles. Last three days similar to /es.

  • http://evilspeculator.com molecool

    I keep seeing people wash out from trading all the time. Part of the problem – they don’t show up for work when the getting is good after they exhausted themselves in guessing the market’s future direction.

  • Bun Dance Kid

    Well, I’m relieved to say I’m not one of them. Can’t have all your hard work going to waste.

  • http://dartht.blogspot.com/ Heisen_Gerb
  • http://evilspeculator.com molecool

    Sometimes it boggles the mind… it would be nice to at least see some pertinent comments but all I get is cartoons.

  • Skynard

    Full short now at the gap fill, hehehe.

  • jmoney3000

    I have certainly been victim of this many times over the past few years. I am now focusing on staying unbiased and in a good frame of mind. As a scalper the past few months have not been easy and I have started to become slightly biased that simply “somethings gotta happen now because its been quiet for so long” (I focus mainly on commodities/currencies/grains and just a little bit of equities). Now when that pops in my head I remind myself that Mole is likely getting excited too but isnt going to break his rules and just put postions on wily nily, but will continue to follow the process. Your reminders help very much and although the comment section is quiet I hope other readers are thinking along the same lines

  • Skynard

    Big move coming.

  • Skynard

    Putting AUD, NZD longs on, dollar looks done for now. Especially if it losses that IP.

  • Rightside_ot_trade

    /PL reversing above the monthly 100 ma, the 2 and 3 day sell lines and daily 25/100 ma’s
    looking to buy on a dip or a candle setup

  • SS_JJ

    Today’s tape so far is rather annoying.

  • Skynard

    Wow, WTF was that on AUD?

  • jmoney3000

    Has the eye of the hurricane passed?

  • jmoney3000

    Has the eye of the hurricane passed?

  • jmoney3000

    Nevermind–getting stuck hoping something will happen

  • SS_JJ

    we seem to have movement now. If only zero could play along and show us some participation

  • Bun Dance Kid

    Today’s EURUSD setup looks like it might be about to confirm the earlier break to the upside…

  • http://dartht.blogspot.com/ Heisen_Gerb

    SLV {ugh} – it looked promising a few weeks ago.
    now? Sparta will fall.
    http://stockcharts.com/h-sc/ui?s=SLV&p=D&yr=0&mn=6&dy=0&id=p55879177920

  • http://evilspeculator.com molecool

    Hey, it is what it is – the Zero shows us what is happening, not what we want to happen.

  • Skynard

    Good night for now /ES, if that squeeze was a W2 ganna get real juicy:)

  • http://evilspeculator.com molecool

    ¤ø„¸¸„ø¤º°¨¤ø„¸¸„ø¤º°¨

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    ¸„ø¤º°¨ M E A T“°º¤ø„¸

    ¸„ø¤º°¨¤ø„¸¸„ø¤º°º¤ø„¸

  • http://evilspeculator.com molecool

    ¤ø„¸¸„ø¤º°¨¤ø„¸¸„ø¤º°¨

    ¨°º¤ø„¸F R E S H „ø¤º°¨

    ¸„ø¤º°¨ M E A T“°º¤ø„¸

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