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Final Day To Snatch Up My Masterclasses
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Final Day To Snatch Up My Masterclasses

by The MoleAugust 9, 2019

If you’re like me then you always end up postponing your chores to the very last day if in any way possible. Like cleaning out your garage, getting your prostate checked, getting an oil change done, flipping your tires, filing your taxes, fixing that hole in the roof, buying one of Mole’s masterclasses  – you get the idea 😉

Well, how time flies, because the final day is upon us. It’s not the final day of reckoning – thank the Lord – but it’s almost as consequential. For it is the last day you’ll be able to buy one of my exquisite masterclasses here at Evil Speculator – and for a huge discount!

  • My Price Action Masterclass– a comprehensive tutorial on reading and understanding price action without the use of superfluous indicators and having to throw darts at your charts.
    Free introduction class here.
    $97 instead of the regular RPQ price of $297.
  • My System Building Masterclass– a massive tutorial on building non-fragile trading systems from the bottom up that not only stand the test of time but are designed to satisfy your particular needs and requirements.
    Free introduction class here.
    $147 instead of the regular RPQ price of $497.

Meaning you are getting both classes for less than 1/3rd of the official price!

So don’t waste any time and buy either series right now while they are available at a highly discounted price. Because this offer ends this evening, after which it will not be available again here on Evil Speculator.

Again, I want to make it very clear. If you email me on tomorrow and ask me to make an exception… no dice. It’s OFF THE MARKET FOREVER as of EOB today.

So let’s talk about second chances. This actually something I covered a few months ago but it beats repeating and the recent gyrations on the E-Mini serve as a textbook example of how Ms. Market keeps running hit jobs on hapless market participants near market lows.

What happened here of course is that we bounced higher and at that point the eternal question arose: Does this rally have legs or are we looking at a dead cat bounce? Well – you never really know which is why taking out a long position this early is tantamount to a lottery ticket but with better odds (see Wednesday’s post).

Now what happened of course is that Mr. Mole underestimated the market’s ability to swing much lower before pushing back higher. We looked at IV and the odds and recognized a 68% chance of a 25 handle bounce that very day. But instead we dropped almost 60 handles (i.e. outside a standard deviation) and I got stopped out.

Now I could have put my stop much further away but that would but my position size in half – which would be fine but I was only deploying less than 1/2% in the first place. What I do instead in these situations is to let myself stopped out and re-enter on a quick bounce higher – which happens over 60% of the time.

Had it been a slow grind higher over the next day or so I may actually have turned bearish but quick stop runs like these are usually reversed fairly quickly. My stop is now at break/even and the campaign is currently scraping 1R MFE. Meaning it’s at break/even monetarily assuming this thing continues higher.

Which isn’t guaranteed I may add. If you look at the daily you see three quick candles higher interrupted by a ‘let me think about it doji’. It’s good that we’re trading > the 100-day SMA so quickly again, but progress has to be made today and next week or this thing can quickly turn lower again. And to be honest I don’t think the fat lady has sung yet.

If you’re a sub (if not sign up here) then you probably remember our gold campaign from a few weeks back which took quite some time to get out of the gate. Our patience however was finally rewarded and it’s been sweet profits ever since.

I just advanced my trailing stop to the 3.2 mark as the medium to long term picture suggests we are looking at a bit of whipsaw here after painting an exhaustion spike on the daily/weekly panels.

The monthly still has three weeks to mature but no matter how it closes it opens the door to a completely new secular market cycle for gold and precious metals in general. I had been watching this market with anticipation and am extremely happy about having been able to grab a seat on the first bus out.

A special goodie below for my intrepid subs:

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It's not too late - learn how to consistently trade without worrying about the news, the clickbait, the daily drama and misinformation. If you are interested in becoming a subscriber then don't waste time and sign up here. The Zero indicator service also offers access to all Gold posts, so you actually get double the bang for your buck.

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

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  • strider

    The first bus is the best bus to be on, for sure.

  • Julie 35 – 25 – 36

    USO and UNG Yes ! Hit those Jaspers nice. Chief Mrs.Market is being manipulated to the max as all you have to do is look at the nightly futures.Down 60 handles and comes roaring back to finish even positive.Myself I am concentrating on other trades.Last post for awhile so everyone trade carefully and have a nice weekend
    JULIE

  • http://gerb-reloaded.blogspot.com Gold_Gerb

    I like taking profits on Thursdays.
    let’s me sleep in on Fridays!!!

    https://uploads.disquscdn.com/images/53678c0e7f7cce5422892cfe29210e0079057d524e7d7098a9344d3756e80794.jpg

  • http://iberianviews.blogspot.com/ catracho

    OK markets might take a tumble here – all looking similar – rising wedges – if broken watch price v RSI ..new low (price) but not on RSI – a more tradeable bounce? https://uploads.disquscdn.com/images/53efc63cf56833cba2d320df6614656397f4147243313a346dfebb7c0a3ab517.png

  • Edd

    God Bless you Julie, prayers and best wishes for your surgery.

  • BobbyLow

    I like taking profits on Friday’s too. Just scalped +7 Points on the short side. 🙂

  • Julie 35 – 25 – 36

    @ RW You might want to look at and follow HRTX building a 3 month base
    JULIE

  • Julie 35 – 25 – 36

    Thanks EDD
    JULIE

  • HD

    So if you did your homework you know how the market reacts when it closes the session HOD. 2 really good examples this week. 6:10 this week. 4 nasty stops but the winners ran. That’s the biz.

  • Julie 35 – 25 – 36

    Hi HD As stated yesterday the old axiom Nothing good happens under the 50 sma. A truism as old as earth itself
    JULIE

  • HD

    I want to reiterate that every bullish pattern has played out since the tweezer lows. Now potential cupnhandle, 2900 defines. Bears need the trumptard tweets
    https://uploads.disquscdn.com/images/f05c1ebea0f2b5fea8a711de7a5d3cec79041c06f5d371113061e39f6c526a76.png

  • BobbyLow

    Agree. I was chicken to jump in on the long run yesterday but when price broke down after the run up before and right after the open I was able to jump in short for a few points. I was tempted to play a reversal on that bounce when I covered but I don’t trust my game good enough to do that yet. I might go long before the day is over though. We’ll see.

  • HD

    50 and 30 handle hits of HOD closes this week. The stats are better than 80%. How big would you trade it? Quants are still scrambling…..

  • HD

    Your doing great! Markets are more predictable with the IV higher. Imo.

  • Julie 35 – 25 – 36

    Today bearish below 2919.76 However as stated yesterday weekly close today better be above 2878.40 for the bulls
    JULIE

  • BobbyLow

    Thanks HD and that makes sense because I always seem to do better when I have to use wider stops because of higher volatility.

  • Julie 35 – 25 – 36

    HD You want the right side of cup to be more than 50% retracement and preferably the handle to be above the 50 sma
    JULIE

  • HD

    interesting- I didn’t know that pattern had specifics. Good to know.
    Just using 2900. Check out the weekly candle.

  • Julie 35 – 25 – 36

    2878.40 is ultra important for the bulls to hold Probably will hold today and close the week BUT next week….
    JULIE

  • Mark Shinnick

    Added to short side labu tight stops.

  • http://iberianviews.blogspot.com/ catracho

    my take; the run up was on a lot of hot air (big boyz) to take out the shorts and suck in retail; Now the Bigboyz are probably positioned to take it down (screw the retail again) rinse repeat..I guess when you have an “entrepreneur” as POTUS everyone is “fair game”

  • BKXtoZERO

    he he he he

  • http://gerb-reloaded.blogspot.com Gold_Gerb
  • http://gerb-reloaded.blogspot.com Gold_Gerb

    and Cyd is playing with cotton under the 21?
    (face palm)

  • Mark Shinnick

    Damm interesting drv local range, tight stop potential.

  • BKXtoZERO

    I got out of that but got back in tvix yesterday 18.4

  • Julie 35 – 25 – 36

    Catracho Whenever there is high volatility either up or down like we have had since last week of July (wild days) it favors a bearish outcome Interesting study by two Nobel laureates on subject of market volatility. Their study reflects when increasing market volatility leads to even more volatility. Two economists that won Nobel
    JULIE

  • HD

    that gold line is a keeper! it was right at the 2929 fib pivot yesterday

  • BobbyLow

    Damn I should have went in for another serving on the short side. Coulda, woulda, shoulda. 🙂 Friday’s can be tough and I wanted to make sure I ended the week with a win. OTOH, Oil seems to be holding up extremely well considering the circumstances and that’s good if your long.

    No matter what the causes yada, yada, this sure looks like a Bear Market to me. Don’t get me wrong, I’m not saying a Bear Market is necessarily good for Bears. What I’m saying is that a Bear Market rips the face off both sides with massive moves in both directions often and with little notice and that’s what’s been happening folks. . .

  • Julie 35 – 25 – 36

    Mark Good short today LABU Stopped dead at both conversion and baseline. STOCHS unable to go above 50 with MACD below center line Nice one Mark
    JULIE https://uploads.disquscdn.com/images/530ddbc4003b0b6e70889189c8fb899fd64df7aeb1ba3e7399f8fbc756640f97.png

  • http://iberianviews.blogspot.com/ catracho

    FTSE run up to 7700 stop run..then big waterfall decline, broke the channel up trend ..no a re-test – back in the channel and uptrend carries on..if not newl ows

    https://uploads.disquscdn.com/images/c8bd4f0bb09634ca31d40a0fc2ece61f352b64006c713e8c0e8a4fa7de3e6856.png

  • BKXtoZERO
  • Julie 35 – 25 – 36

    Guys The Lion is roaring Signing off Again everyone trade safe and have a great weekend I have had a great week trading Hit USO and UNG Be careful guys SPX If you desire and have time read my reply to Catracho below on market volatility. It’s true guys
    JULIE

  • http://gerb-reloaded.blogspot.com Gold_Gerb

    bye!

  • HD

    2900 trade is on, where are the buyers?

  • http://iberianviews.blogspot.com/ catracho

    yes – shows a lot of indecision and nervousness

  • http://gerb-reloaded.blogspot.com Gold_Gerb

    I can’t answer that on the /ES
    the SPX, is showing a LKGB currently.

    https://uploads.disquscdn.com/images/d7d8dd490e9f1e8cfb358a96e0be7325579e1ca79e03bbb5bfc258e8b0331efc.jpg

  • http://gerb-reloaded.blogspot.com Gold_Gerb

    I don’t know. who cares? I think I’m in luv.
    😉
    http://www.speedhunters.com/2016/08/encounter-with-the-lexus-lc500/

  • HD

    lexus supra. Nice. I’ll raise you the 2020 Corvette. Merica!

  • http://gerb-reloaded.blogspot.com Gold_Gerb
  • HD

    price, pattern, and time. 2900-2920. SWIFTLY IPA and Donut time

  • https://evilspeculator.com Sir Mole III

    @Ju@disqus_qkFlPoMLUZ:disqus – I heard you’re having surgery? What’s going on?

  • HD

    !!!

  • BKXtoZERO

    She has an issue with her hand, too much trading/mouse clicking did her in

  • http://gerb-reloaded.blogspot.com Gold_Gerb

    Nektar, put a fork in it.
    [7 Yr]
    https://finviz.com/quote.ashx?t=NKTR&ty=c&ta=0&p=m

  • http://gerb-reloaded.blogspot.com Gold_Gerb

    She mangled it shooting a 460 CASULL revolver. but let’s stick with BK’s story. 😉

  • ridingwaves

    I jumped in at 19.30 this am, they have billion in bank….bottom fishing….halibut…

  • ridingwaves

    I think your right….the bull counter move was impressive though, took me out on trade yesterday like these guys
    https://www.youtube.com/watch?v=yORsvkecuQs

  • https://evilspeculator.com Sir Mole III

    Okay, that’s better. I was getting worried over here.

  • BKXtoZERO

    I recommend Moles videos. I really loved the Price Action Masterclass videos. Last day for special…. 2 thumbs up.

  • ridingwaves

    watching RUT here….running into long term cycle line as resistance now

  • http://iberianviews.blogspot.com/ catracho

    looks like the hot air ran out!

  • https://evilspeculator.com Sir Mole III

    Have a great weekend everyone!

  • BobbyLow

    Man! Some serious tricky volatility going on today. I had 2 good trades surrounding a bad one. I finished up with decent day today but it should have been much better. My bad trade was because even though I have a sign on my desk that says “Let the FKG Candle Complete”, I allowed emotion to kick in and took a trade that I never would have taken IF I HAD LET THE FKG CANDLE COMPLETE. My last trade was a winner and made up for my mistake but it looks like I have to make a bigger sign. 🙂

  • BobbyLow

    You too Mole.

  • Ivan Hrusovsky
  • BKXtoZERO

    Where are we going Ivan?

  • http://gerb-reloaded.blogspot.com Gold_Gerb

    Він байдуже ‘ говорити Англійська

  • BKXtoZERO

    Спасибо

  • http://gerb-reloaded.blogspot.com gold_gerb

    Epstein Dead
    Add one to the Clinton’s Body Count List
    https://www.theguardian.com/us-news/2019/aug/10/jeffrey-epstein-dead-prison-report-latest

    someone beat me to it.
    https://rationalwiki.org/wiki/Clinton_body_count

    Dead men, tell no tales

  • ridingwaves

    they sure are good at this….
    26 recorded flights on Epsteins Jet was the key motivator…..

  • ridingwaves

    the red bar yesterday makes this upturn quite different than last…..

  • RoastBeeph

    These conspiracy theories are so utterly stupid.

  • BKXtoZERO

    He he he he….

  • http://gerb-reloaded.blogspot.com gold_gerb
  • Darkthirty

    The question isn’t whether he’s live or dead, it’s who has the blackmail power now?
    The NYPD that saw weiner’s laptop are offing themselves at a good clip. Ahmad Bros laptop seems to have disappeared. Assange will be poisoned to the point of catatonia before he resurfaces and attempts to speak. Mueller’s “investigation” was just a method to destroy evidence….what’s next?

  • Julie 35 – 25 – 36

    A fly on the wall in Clinton’s bedroom and the pillow talk …. ! Priceless … !
    JULIE

  • Julie 35 – 25 – 36
  • Darkthirty

    Gee Wally, I dunno…some things are better left alone

  • Julie 35 – 25 – 36

    It’s like this Beav … !
    JULIE

  • http://iberianviews.blogspot.com/ catracho
  • http://iberianviews.blogspot.com/ catracho
  • http://iberianviews.blogspot.com/ catracho

    NDX 3 hours – markets seem to be in step – breaking down from rising wedges..key will be follow through

    https://uploads.disquscdn.com/images/bc94eaea5bef6dc088f6806ca63984766c8453828a409f936754daae6a3ba832.png