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Come To Daddy

by The MoleNovember 9, 2015

We are now counting six consecutive higher highs on the weekly panel and although that is not a reason to dip into short positions I am starting to enjoy seeing the odds swinging back to the selling side. At least on a short term basis we are heading into a correction sometime this month. Timing our entries will be what separates the steel rats from the field mice.

2015-11-09_spoos

As of right now I’m seeing a juicy short opportunity on a little pop towards ~2091. If stopped out and Zero permitting I will long 1/2R after that and add 1/2R if we breach 2100.

2015-11-09_USDJPY_update

Before we get to the setups here’s a USD/JPY Update. You may have grabbed some longs there with me last week and it’s due time to take some partial profits. The remainder 1/2R I’m keeping in the run with a trailing stop near 123 – nice number.

2015-11-09_GBPUSD

Cable – I’m sweating a little bit on this one given the current sell off but I’m long here with a stop below 1.5. Let’s see if it sticks.

2015-11-09_ZB

Bonds – similar setup actually – interesting. I am the first to admit that there isn’t much of a support line here as we barely have three touches. 1/2R only.

More setups below the fold, please join me in the lair:

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Cheers,

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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 the usual social media waterholes.
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