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Non-Bearish Tuesday Wrap Up
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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…

Cheers,

Mole

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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