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Kicking The Ball Around
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Kicking The Ball Around

by The MoleFebruary 10, 2015

Absolutely no participation today which was pretty clear about an hour or so into the session. We are still near the bullish inflection point with no resolution in sight. And I’m still in my OTM SPY puts but also long the NQ via Thor – so I need a big move here to be flashing some green.

2015-02-10_zero

Here’s today’s tape courtesy of the Zero indicator – extremely small signal range here today as well as yesterday. The hourly panel reflects just that and the current formation is a bit ambivalent. But the take away message here is to not fall in love with a direction or an opinion. Limited participation like this encourages monkey business – i.e. intra-day volatility and stop runs.

2015-02-10_AUDJPY_setup

Meanwhile I have been trying to stay productive on the forex and futures side – AUD/JPY was one of this morning’s setups and I still think it could bust higher here. On the daily you’ll see that there’s a seller below 93. If it can work its way higher than I think it’s good until 94+.

2015-02-10_coffee_setup

Coffee is attempting to find a foothold here near 159 – I took an experimental 1/4R long here with a stop below 158.8.

A few more setups below the fold – please join me in the lair:

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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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  • squirrelsome

    CL 48 today?

  • BobbyLow

    Don’t think so. Tape is just chasing the head line du jour.

  • squirrelsome

    Yes, would be too much. For a second I thought it lost the 50 level. I been stopped of half my short. I use to tighten stops during the pit last half hour.

  • BobbyLow

    Yep, usually that last half hour can have a lot of movement. But in this case, I think price pretty much shot its load for the day prior to crunch time..

  • squirrelsome

    JPM claims the spreads in FX now 18% … On ZE… sorry to mention it here but, wtf are they smoking?

  • M E

    have we reached the top of the range again?

  • squirrelsome

    Been full stopped now… Kind of relieved, didn’t want to hold over night. I have no setup on any time frame here.

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

    wonder what happens next. sitting on my hands for now

  • BobbyLow

    Good idea. I think you either have to have a longer term position or trade it intra-day. Anything in between appears to be deadly right now.

  • Billabong

    CL low today was 49.86. Should have a sell (for my system) signal tomorrow unless we get a bounce. I noticed we haven’t retested the low of $43.58. Having closed out my UCO position, I wasn’t in any rush to buy SCO until I see a CL sell signal.

  • Billabong

    Considering a 20 point ES move, the Bullish Percent Indices didn’t see one of the 12 equity sectors move above 80%. We’re within 25 points of an all time high, at least 8 of the 12 should be 90% or higher.

  • Billabong

    US Markets closed on Monday, 16 Feb … Washington’s Birthday … sorry, Presidents Day.

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

    as I posted back in Thanksgiving, all time high is temporary construct, over and over – until it isn’t.

    likewise, we can’t say the gig is up, until the candles reverse into the red ribbon lines.

    http://s29.postimg.org/8elt4dfjr/HWGA.png

  • Vince_Clortho

    LOL, you said Eid al-adha. Sheep to the slaughter, very appropriate.

  • Skynard

    Been fun playing the daily range on /NKD, currently short again for now. Time to fall of the plate., short /ES as well:)

  • squirrelsome

    ‘Morning. There you go, my short setup in crude, and I have to wait till 9.30…

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

    Better to be out wishing to get in, than IN wishing to BE out.

  • squirrelsome

    Yeah, thanks for reminding me… it’s awesome now 🙂

  • Billabong

    This ship looks like it’s heading south …

  • Billabong

    Your system will tell when to get in and out … improvise, adapt and overcome.

  • ridingwaves

    Bam on NG

  • Skynard

    🙂 Took profit, buying back @ 2,75 support

  • Skynard

    Close to profit taking on /CL, flipping to long @ 48

  • ridingwaves

    that was fun…think it might be able to sustain this move for a bit

  • https://evilspeculator.com molecool

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