Fly Like A Mole

Today I will teach you how to fly like a mole. It’s simple – the trick is to let go of your ego which is the big weight that’s holding you down. Just spread your mental wings and empty your mind. Let go of all your emotional baggage, all your biases, forget everything you think you know, just pretend you’ve never looked at a chart in your life before. If you want you can hum ‘om mani padme hum’ – but don’t blame me if you find yourself hugging a straight jacket on the way to the cookoo farm.

Starting to feel a bit lighter and all tingly around your toes? That’s good – it means it’s working! Now if you see a technical entry that satisfies your trading rules – don’t debate it – just take a position and set your stop. Whatever you do – don’t read the news and don’t ask your spouse for permission. The system is the system and thus you must act.

Here’s a recent example. Hans, a fledgling stainless steel rat, sees a bonafide Maginot line breach on ZB and wants to take a short position. But Hans is scared, after all his mother-in-law has expressively forbid him to engage in any speculative activities – plus no more looking at nudie pics. That’s a tough break. But unbeknown to his ball crushing in-laws Hans has secretly been reading Evil Speculator and Mole’s nefarious endeavors have encouraged him to once again embrace his inner evil. So he carefully checks all monitors in his newly constructed man cave, he looks over his shoulder – good, not trace of that old witch. Hans carefully executes his buy order and spends the next three days watching bonds fall to the expected target range. Profit ensues!

Scott the convict just barely escaped out of a Filippino jail cell – it took him three months of digging with a broken spoon to reach an abandoned mine shaft that led him to freedom and a much needed shower. He has learned his lesson and is now ready to put his prison skills to good use. Apparently the only compatible but legal racket for an ole’ con like Scott seems to be trading the markets. Where else is scamming money from hapless victims rewarded and even respected?

Like Michael Scofield the ole convict has been preparing this for a long time. And after years of plotting charts by hand on the walls of his rotten jail cell he intimately knows the odds of an inside day candle breach. He sees a long signal on the NZD/USD and he’s ready to strike. After defending his backside from unwelcome intrusions with nothing but a broken toothbrush for years, risking a few grant on a trade doesn’t make this ole’ con sweat. He takes a position and is rewarded three days later when his target zone is reached. Scott banks the coin and moves on to the next victim. Life is good again – and no shank assembly skills are required.

Inside day on cable – Fearless is an old pro and doesn’t even blink – he takes his entry. Three days later his target zone is hit – he doesn’t even muster up a smile. Losing – winning – it’s all part of the game and he knows it. Fearless has spent years honing his edge and has reached a mental frostiness that would make Iceman explode with envy. The statistics don’t lie and although there are good months and bad months over time Fearless knows he’s going to come out on top.

It’s Monday and the EUR/USD is painting another inside day ripe for the picking. There are two types of traders that day – the ones who read Evil Speculator and the ones who read ZeroEdge. Guess which ones bank some mighty coin on Friday of the same week?

Cabrera knows he’s handsome but his latino charm is what really makes women fall for him head over heels. But serial seduction is an expensive hobby and when he’s not busy changing sheets and applying sun tan lotion he trades the markets for a living. Outside the bedroom this pequeño casanova happens to be a pretty savvy Forex player as well. And the game has taught him patience – which is exactly what was needed to follow the EUR/JPY until it finally was ready to break out. After a big candle it’s finally pay-day – he’s ready to start scaling out. Another day and another buck. Now the latin lover is indulge in his favorite past time.

Sometimes setups test our patience – but as the ole’ saying goes: the bus moves fastest once everyone got off. Case in point: EUR/AUD – which was skating the 100-day SMA for days. But suddenly – break out!  Only the penitent rat shall pass and proceed to target. For the rat has no ego and doesn’t know the concept of hesitation when a piece of cheese is ready for the picking.

Things didn’t go so easy for Bobby in the first few years. He was making all the wrong moves and most of the time he wound up stepping on his own feet. Worst of all – he didn’t let his probation officer know that he quit his AA meetings. But just before blowing what little remained of his tradubg account he came across Evil Speculator and suddenly the scales fell off his eyes. Maybe there was hope after all?

After a few months of unlearning all those bad habits that have held him back Bobby is finally ready to rock & roll. The Evil Speculator boot camp has turned him into a lean mean trading machine – even his wife is surprised about all that new mojo. He is in the zone now – here’s the AUD/USD – finally at target after a textbook NLBL breach. Bobby will be taking profits today – perhaps you may want to do the same.

And this could be you – had you been an evil rat earlier this week then you would have taken this NLBL/SMA breach on the AUD/JPY without compunction. And you would  start taking scaling out instead of trying to explain to your ex-wife why that alimony check will be late again this month. By the way a stainless steel rat would keep a few lottery tickets in the running for a push into 83.7.

Here’s a little goodie before I let you guys roll out for the weekend to enjoy your favorite alcoholic beverage and to spend some of your ill gotten gains. This is a monthly view of the E-Mini and hit has us at possible resistance. Not that this has meant much as of late and we may punch through next week. BUT – even if we do we should entertain the possibility that we may finish the month inside. IF we do then we may be looking at a LT signal. I know – that’s a big if in particular since we’ve got two more weeks to go. But I wanted to put it on your map now as it won’t do you much good after the fact.

Enjoy your weekend – I hope you caught a few good laughs from this post and if not then forgive me being a bit frisky today. We usually run a pretty tight ship here but this was a humorous way to make a serious point. While most of everyone else was scratching their heads (or butts) in the past week, eagerly awaiting the almost procedural FOMC QEx infinity fix – we at Evil Speculator were taking quality setups and banking coin. That’s how we roll here – and if you stick around you too may learn how to fly like a Mole.

Cheers,