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Non-Bearish Tuesday Wrap Up

Non-Bearish Tuesday Wrap Up

Non-Bearish Tuesday Wrap Up

by The MoleMay 17, 2011

The bears missed a huge opportunity today to drop the tape like a rock. We could have easily seen a big slide toward 1300 but there was zero selling interest. Which proves my point – there are no more long term bears these days – anyone shorting takes profits post haste once a 2R or 3R profit margin has been reached. Alright – here’s the video wrap up:

That divergence on the hourly could impact tomorrow’s session – we shall see. One day at a time – especially these days.

Geronimo ignominiously lost one short scalp today. I expect all subs to cancel their membership by tomorrow 😉

ZeroFX produced a very nice long signal on the EUR/USD 1k tick chart this morning. A conservative way to take this signal is to wait for a  blue spike pre-warning and then wait for confirmation on the white line (see chart above). That was one sweet run up.

Not as sweet as this of course…



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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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