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Trading Teams

Trading Teams

by The MoleNovember 13, 2013

The spoos just enjoyed a nice drive higher after managing to breach that hourly NLBL and the diagonal resistance I had pointed out this morning. We expected a jump from there and this is exactly what we got. You’re welcome. Now we’re back at the gates of hades separating the bulls from continuing the effervescent secular trend higher:

As you know our short entry was taken not too far from here and odds are pretty good that by the time you read this our stop above 1770 will have terminated this part of our adventure. However it now may be time to trade teams – a move higher after 1770 has pretty high odds as there is another technical entry that may trigger today. Please step into my lair:

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Our threshold on copper was breached yesterday and if you went short you’re probably smiling right now. Projected target right now is 3.06 where the lower daily and weekly Bollingers line up very nicely right now.

Sorry for rushing this post but I had to get it out in time for the 1770 breach – and I barely managed to finish it 😉

Cheers,

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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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