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Pulling The Trigger

Pulling The Trigger

by The MoleSeptember 30, 2011

I got a Friday afternoon setup in the spoos for everyone – the setup is too juicy.

I just can’t help myself – although the odds favor the other direction right now there is MINIMAL risk in taking this trade with a stop just a few ticks away:
[amprotect=nonmember] Charts and commentary below for anyone donning a secret decoder ring. If you are interested in becoming a Gold member then don’t waste time and sign up here. And if you are a Zero or Geronimo subscriber it includes access to all Gold posts, so you actually get double the bang for your buck.
[/amprotect] [amprotect=1,13,9,12,5]

This is really very simple. I’m going to take a long position here expecting to get stopped out just a few ticks away. My stop is somewhere below those two hourly BBs – where I won’t tell you as I don’t want everyone to use the same stop and attract the bots.

Zero subs: For your convenience I have also painted a support line on the Lite.


Again, this is a low probability but high return setup. If a miracle happens and we bounce here then it’ll ensue a short squeeze. Suffice to say that I will be out of this trade one way or the other by 4:14pm EDT.

Alright folks ZERO EMOTION here, okay? Either we get stopped out by a few ticks (highest probability scenario) or we make a bundle. So put that trade in, set your stop and then just forget about it until the session closes.



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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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