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Jumping On Board
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Jumping On Board

by The MoleSeptember 14, 2015

DarthMole just predicted volatility expansion on the E-Mini and I’m jumping on board here with a small long position. Given the whipsaw I’m only taking out 1/2R with a very conservative stop below ES 1940.

2015-09-14_spoos_briefing

In case you’re wondering, yes – a short position below 1940 is possible but I would most likely start with 1/3R and then build it up as things move our way. Clearly the tape has been very effective in shaking out both sides, prime territory for market makers and scalp mongers. So don’t get married to a particular direction folks – this could resolve either way.

2015-09-14_ZL_briefing

Soybean oil is trying to make a run for it. Throwing 1/2R into the pot here. Stop below the recent NLSL on the hourly. Interesting spot as I’m seeing a possible floor pattern.

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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.
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