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Futures Setups

Futures Setups

by The MoleSeptember 23, 2011

Since a lot of folks appear to be shell shocked after today’s massive plunger in equities I thought I may interest you in a few futures setups. How about it? I’ll give you one for free – the other two are subs only:

Cocoa looks a bit extended and I would not usually play this daily setup. However there is a nice net-lines cluster on the hourly and if you’re in Europe or Asia this may be a great way to get positioned. Go long on a close above the NLBL, then put a stop slightly below – I’ll leave that in your capable hands. OR go short on a breach of the hourly NLSL – same game, just the inverse. What makes this particularly tasty is the inside candle right now. If that one closes then you know the rules already – I hope. Or just ask Scott – oh wait, that Aussie bastard is taking yet another vacation! I guess you are on your own.

Alright, two more symbols for the subs:
[amprotect=nonmember] Charts and commentary below for anyone donning a secret decoder ring. If you are interested in becoming a Gold member then don’t waste time and sign up here. And if you are a Zero or Geronimo subscriber it includes access to all Gold posts, so you actually get double the bang for your buck.
[/amprotect] [amprotect=1,13,9,12,5]

Treasury futures – the 30 year. Again we seem to be a bit extended and it’s worthwhile risking a few ticks on a short position here. But let me warn you – the odds actually support continuation, so you must be extremely disciplined with your stop, which I have pointed out on the hourly.

Let’s add some Corn to our diet. It’s kind of hanging there but I do like that inside candle on the daily. So again – you know the drill. As soon as yesterday’s lows are breached you are out of there! But until that happens you go long now and risk just a few ticks for a possible short squeeze. Again, the odds support continuation to the 630 mark but a setup is a setup and I think ole’ Scotty would approve.

Have fun and keep it frosty – these are speculative low probability high return trades. So that’s your mind set, meaning act like a fucking Prussian and be disciplined. When your stop is being hit that is it! Got it? Good!



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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