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It Keeps Going And Going…
22

It Keeps Going And Going…

by The MoleNovember 3, 2014

This is getting ridiculous. Apparently my long campaign is fueled by nuclear fusion based Energizer cells from the 24th century. It just keeps going and going and going…. Hey, I’m not complaining obviously – this innocuous morning entry on October 20th quickly turned into one of the most profitable campaigns of the year.

Now for the record: I did rattle everyone’s cage for FREE that morning. And quite frankly I ‘m a bit puzzled by the fact that none of you guys jumped onto that one – even at the time it seemed like a complete non-brainer to me (i.e. the potential gain far outweighed the risk). Consistency folks is what makes all the difference in the end – meaning showing up here for work every single day.

I see many of you guys show up here jumping up and down during corrections but the same people are surreptitiously MIA once the tape starts ramping higher. I’m not one to jump to conclusions but this reeks of directional bias, and I thought we got this out of our system years ago? Please take this criticism in a productive fashion – which means I recommend you meditate on the type of stimuli which motivate your trading and the ones that seem to deter it. This is something I unfortunately can only point toward – in the end it is you who must make the journey.

2014-11-03_spoos_update

I for one am determined to milk this bad boy for all it’s worth. And how far out may this be?

2014-11-03_SPX

Yes, I know – this really seems ridiculous – a preliminary bullish price objective of 2415? Gulp… One almost feels sorry for the bears… almost. Now this candle begs for a correction obviously, but I’m trailing this campaign via 25% MFE or the last spike low (whichever is higher) – and both are a mile away.

2014-11-03_gold_setup

Another symbol that’s been trending is gold – downward that is. These days I’m a lot more skeptical about inside periods unless I see context nearby. However after this drop outside both daily BBs I’m willing to throw 1/2R into this one. Lousy odds but if she snaps back (or drops into hell) it’ll be worth it.

More goodies below the fold – please step into my lair:

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Cheers,


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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