Discretionary Trading
Now Reading
All Time Highs In Sight
125

All Time Highs In Sight

All Time Highs In Sight

by The MoleApril 24, 2019

The vehemence of one of the most hated and ignored market rally in financial history continues to baffle its detractors and is now on the brink of challenging all time highs on the S&P 500 Cash. Nevertheless I still see traders galore looking for excuses to engage in contrarian entries – every – single – step – on the way. Which only leaves me with echoing Ed Seykota’s sentiment on the matter:

Win or lose, everybody gets what they want out of the market.

There is a good chance the S&P is going to push into virgin territory by the end of the week. Damn – I wish I would have hitched a ride on this one…

Oh wait – but I did – and fervently hope that some of my intrepid readers also managed to grab a seat on this speeding freight train. I just advanced my trail to around 3R in juicy profits which happens to be a few ticks < the most recent spike low on the ES.

Crude is still treating me well and my trail here has been inched higher to 1.5R. Better than a kick in the shin but I hope this one finally gets out of the gate now.

Cocoa did a cotton and stopped me out at ISL. I think I’ll put this one on the LT watch list for now until it finally picks a direction.

The Dollar is also picking up a bit of mojo and my brand spanking long campaign has already jumped to 1.5R MFE. My stop is at 1.1R right now which may be a wee bit tight but it’s at the stage where it either runs up higher or reverses for yet another retest of that dreaded 96.5 mark.

Shameless Plug

By the way, if you missed these or other recent entries or perhaps even found yourself on the losing end, then head over to the sign up page to once and for all remedy this unfortunate situation. Evil Speculator Gold goes for less than the cost of a single E-Mini handle and if you enjoy trading it you may as well sign up for the Zero which includes Gold plus a continuous feed of our most popular market participation oscillator.

Sign up here to receive my FREE early morning briefing:

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.
Enjoyed this post? Consider a small donation to keep those evil deeds coming!

BTC: 1MwMJifeBU3YziDoLLu8S54Vg4cbnJxvpL
BCH: qqxflhnr0jcfj4nejw75klmpcsfsp68exukcr0a29e
ETH: 0x9D0824b9553346df7EFB6B76DBAd1E2763bE6Ef1
LTC: LUuoD6sDWgbqSgnpo5hceYPnTD9MAvxi6c
PayPal: https://paypal.me/evilspeculator