Discretionary Trading
Now Reading
Casual Friday
58

Casual Friday

Casual Friday

by The MoleAugust 24, 2018

Having sufficiently confused you yesterday, I decided to kick up my feet and call it Casual Friday. Thus far the Fed and ECB reports have been complete non-events with markets barely budging. Which honestly is a good thing as we all need to detach ourselves from the crack pipe of easy money that’s been fueling equity markets since the Bernanke days. We actually now have a real economy again, thank you very much!

Honestly, there’s not much to be said as the tape is working itself out. I just grabbed a 0.3% long position with a stop < ES 2845. Let’s see if we can get acceleration into the close, but if there’s no mojo until the EOS I may end up pulling it.

And since we’re talking lottery tickets, I’m also taking out a 0.3% long in ZB with a conservative stop < 144’20. The short term panel looks like it may try to make a run for it – but admittedly bonds are a rough market right now. So small position sizing and a wide stop. If it churns its way higher I’ll convert it into a more long term campaign and thus manage it this way.

The Dollar looks rather droopy and may paint another leg lower. I don’t like it but that’s life, so I’ll toughen up and keep ignoring that damn ATM laughing in my face whilst converting precious U.S. Dollars into over valued strangely colored unevenly sized Europoly money.

I mean who wants to pay for anything with ugly uneven banknotes that have bridges or maps on it? Hey, I know – because they want you to spend it as quickly as possible to keep the economy going. Well you’ve got to at least respect the deviousness of their little schemes. Look – serious money should be green with famous dead people on it. And for crying out loud – cut them all to one size or I’m forced to carry several wallets around. Seriously – even monopoly money is cut to size. Because it was invented by an American!

Anyway, that’s it for me. I’m heading to the gym to sculpt that luxury adonis like body the great Maker felt befitting to bestow on me. I would be calling it God’s gift to women but hey, why be modest? Alright, see you all Monday morning – bright eyed and bushy tailed as usual!

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