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Narrow Range Inside Day Mania

Narrow Range Inside Day Mania

by The MoleJune 27, 2012

I hate to plaster all over Fearless’ most brilliant browser buster but we have setups to attend to. More specifically there seems to be something brewing on the Dollar side as I’m seeing various pertinent pairs paint inside day + NR4 combos. And you know how much I cherish those:

Alright, one for free the rest is for my subs: EUR/USD – I think it’s running a bit out of steam here, would love to see a visit of that NLBL above.

[amprotect=nonmember] More charts and cynical 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.
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NZD/USD – same story but I’m directionally ambivalent. Take it either way it breaks.

USD/CHF – could go either way.

And USD/CAD – we’ve been in a range for a while. Perhaps this’ll be the ticket out.

EUR/JPY – also would love to see this one paint a reverse and if we lucky we may get even a Variation Retest Sell near the NLBL.

And now for something completely different – TLT – same setup though. Yes, you can play TBT or ZB or ZN if you prefer.

That was it for today – quick and painless but I hope productive for you all. Keep it frosty! It’s summer tape – which can make you sweat if you don’t pay attention. If in doubt play along but limit exposure. This way you also sleep better 😉



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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