Now Reading
Metals – A Setup Appears
109

Metals – A Setup Appears

Metals – A Setup Appears

by The MoleFebruary 7, 2011

My subconscious must have been blocking this from me, and at first glance I don’t know why, but I don’t like it. Experience tells me that many of the setups I *don’t* like instinctively are the best. I agree with Mole that it would look nicer after another squeeze, but beggars cant be choosers. Make sure you only take it if it breaks the daily low, one more squeeze first is a strong possibility.

Anyway, looking at it, its a retest variation sell after a failure at 50 EMA resistance. I’m taking it. I’ve been waiting for it. Its here.

Scott

[reposted to the new server by Mole]
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