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Quick And Dirty
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Quick And Dirty

by The MoleMay 16, 2019

The whipsaw lower continues but I’m seeing a promising looking entry opportunity on the equities front this morning. So let’s dispense with the formalities and personal musings and jump right in. As you may have guessed we are looking at a long entry here, which of course is contrarian to the medium term trend and thus carries a good amount of risk. Please remember that if you consider participating here and adjust your position sizing accordingly, i.e. keep it < 0.5% of your total assets.

So here it is – I’m considering a long position on a breach of ES 2859.5 with an ISL < 2815. We basically have a spike low followed by a retest which is now on the verge of breaking out higher.

Bear in mind that a similar attempt has failed just two days ago, although I should point out that the current formation looks quite a bit more supportive.

Anyway, the reason why I am waiting for a breach of the previous spike high is that price needs to commit as to reduce the probability of yet another bear trap. We avoided a bunch of them courtesy of being cautious and clearly the onus is on the bulls to show that they can muster enough mojo for a reversal.

Nevertheless the odds here are 50/50 at best as the leg lower on the daily still looks incomplete.

The Zero indicator remained in positive territory all session and the E-Mini didn’t as much as touch VWAP after it got out of the gate post opening bell. That’s not a guarantee of continuation but I did mention yesterday that one of these days the overnight sell off bots will reverse direction and burn the shorts.

Shameless Plug

By the way if you’re not a Zero subscriber yet then head over to the sign up page right now to gain access to the best market sentiment oscillator in the industry. A Zero subscription also includes Gold which means you will also have access to all private content reserved only to our members.

Also worth noting is the VIX Buy signal which just became official last night. For a confirmed signal we need three specific events:

  1. A close of the VIX outside of the 2.0 Bollinger Band (20-day SMA).  
  2. A close back inside the 2.0 BB. This issues the signal. 
  3. A close below the previous day inside the 2.0 BB. This confirms the signal. 

Once you get those three events a major reversal usually occurs within the next week, and one may already be one in the works. Why is it called a VIX Buy Signal? Because the ‘buy’ part refers to equities and not to the VIX. I concede it’s a bit confusing but let’s not get entangled in splitting hairs and instead focus on the task at hand.

Happy hunting and keep it frosty.


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.
Enjoyed this post? Consider a small donation to keep those evil deeds coming!

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  • zzezzezz

    Short /ES@ 2865
    EDIT: tight stop

  • zzezzezz

    Stopped out
    -2 handle loss

  • Dyellowflash

    A faint divergence on the 1m. I am shorting some troopers in first and then see if there is a need to exit. 25817

  • HD

    Nice trade Mole!

  • HD

    2877 HWB

  • http://iberianviews.blogspot.com/ catracho

    2898/2925 62% and 78% retrace of the fall from May 1

  • http://www.captainboom.com/ captainboom

    For the record, I’m unhappy that I got a phone call from a contractor right before I got my order submitted at 2859.25. Would have been a great entry. Sigh…

  • HD

    Squeeze meter is at 78

  • Mark Shinnick

    Vol crush is nearing objective.

  • zzezzezz

    Ughh… Complete breakdown in the VIX

  • zzezzezz

    Whew!!

  • BobbyLow

    I entered much higher than that when it was just before the HOD on my 9 AM Hourly Close and got in at 2876.50. Today would have been an exception but I normally don’t like to enter trades before 10 AM EDT. I had to cringe a little when I took this trade and will probably get burned but I gots to follow my rules.

    In the meantime, my oil and bio trades are alive and well so we’ll see how the day goes.

  • ridingwaves

    need to back check but I think the mm’s did the same thing last opex on volatility….really laser beamed on driving it down into friday….

  • ridingwaves

    at least he called, out here in the west, they don’t even show up, had a roofer come out to do estimate and he said he can’t get on the roof….?

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

    spot on post. Maybe that’s why I come here so much.

    HYG, coming back for that juicy kiss. we knew it was a sly fox.
    But given the upward momentum?, mercy!
    RSI 50 FTW.

    https://uploads.disquscdn.com/images/31061f94663a3dd1735ee9f5fd9e7140bc86aeb02d353b1878dc25fe5597ad6d.png

  • Julie 35 – 25 – 36

    Guys last night my husband and I had a little spat It was late and he told me to turn on the computer. Ne nailed this 5 min candle on the E Mini last night.short on the nose.He used a combo of 5 and 30 min charts. He saw a inverted H & S pattern on the 5 min and calculated the target approx 2850. At 2850 the 30 min was at a resistance ; 30 min declining 20 sma and RSI At 50. The 5 min was at top of bollinger band and was wedging. Then he went to a one min chart and nailed the entire 5 min candle short. Then he said back to bed ! I am still reeling LOL! JULIE https://uploads.disquscdn.com/images/b038464e8e276744dcf0203fcb01a79f30d4c58ffe38ff9627efd84d098af160.png

  • http://www.captainboom.com/ captainboom

    I channel Mole and stick a 25 and 100 smh with 2.0 BB’s on a 15 min chart, and a 125 and 500 period of the same on a 3 min chart, and they tend to be good turning points. Need to do stats on it.

  • http://www.captainboom.com/ captainboom

    I wish my wife would fight with me like that…

  • ridingwaves

    kicking myself, last friday Crude looked great, mentioned a golden cross with chart and I still didn’t take it….think it sees 65 now with 70 in sight, its the only inflation banks can pass on to rich and poor

  • BobbyLow

    “Need to do stats on it.”

    Yep. I have no idea how this trade will turn out. It’s currently up 8 Points as of last print. I did a lot of back testing on my hourly before I went live with this day trader and knew the odds were in my favor for a positive outcome even after entering so late to the move this morning. I never would have entered without knowing those stats.

    In complete disclosure don’t forget I’m also running at 10% of overall risk using /MES instead of /ES. My goal is to move to two contracts ASAP and once I’m able to trade 3 Contracts, I’ll be very close to putting my big boy pants on to trade the full /ES contract.

  • http://www.captainboom.com/ captainboom

    Yeah, I discovered I can trade MES in my Roth at IB, so will do the same thing. Don’t have enough liquid capital to trade ES in that account.

  • http://www.captainboom.com/ captainboom

    He only called because he wants money before the job is done. I stalled, and won’t give him much. Just enough to keep him hungry.

  • BobbyLow

    It was right at the turning point when I got in and could have gone either way. Then on Monday there was a large down candle. I came close to stopping out but it was the same day of the over reaction to trade talks breaking down. This happened even after a Tanker got blown up in the Straits so I held because there was just too much noise going on.

    I agree about how inflationary this could be.

  • zzezzezz

    Short /ES @ 2887

  • Dyellowflash

    Short ES and Dow 25904. This might probably only be a retrace, I am still not certain of how long to hold the shorts.

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

    gives a whole new meaning to candle foreplay!
    (GG ducks)

  • BobbyLow

    Sold at 2885.50 +9 Points. I was looking for a reason to get out and you just gave me one. 🙂 Seriously though, I was so late to this move, no sense getting greedy or worse turning a winner into a loser.

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

    Amen.

  • Dyellowflash

    ?? u mean u got out of your shorts already?

  • BobbyLow

    I was long and closed my position.

  • ridingwaves

    must be sunny over there….didn’t think BL was nudist….

  • zzezzezz

    Nice trade

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

    (my eyes! my eyes!)

  • BobbyLow

    When I was in grammar school there was a nudist colony at a pond nearby where I lived. A couple of my friends and I used to borrow a boat and row over there to get as close as we could get to catch a glimpse. LOL

  • BobbyLow

    Thanks Z

  • Darkthirty

    ALWAYS hold back, and look it over real good if he wants paid before completion.

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

    thanks. I’m looking to reroof next Month.

  • http://gerb-reloaded.blogspot.com Gold_Gerb
  • https://evilspeculator.com Sir Mole III

    A goodbye present 😉

  • https://evilspeculator.com Sir Mole III

    Damn I hate packing…

  • https://evilspeculator.com Sir Mole III

    And going to the airport….

  • https://evilspeculator.com Sir Mole III

    But I like arriving 😉

  • ridingwaves

    your not going on business trip, that is how I look at it….no deadlines, no meetings, no emailing back and forth, no contract bantering….

    I have some cheese if you need it…

  • Darkthirty

    What type of roof do you have?

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

    stop yer b!tching. last summer they left my bags, and I slept in the buff first night.

    Always carry-on something. Lesson learned.

  • BKXtoZERO

    L TVIX 22.28, glad I kept it tight yesterday and very small. Ready for Mole’s Flight!

  • BKXtoZERO

    I would marry him!

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

    @GG… You WERE RIGHT. There, you have it in writing to print out. Thanks for the gold call. Back to my entry point today. I also read some gold folks that I trust. He said silver stocks are the tell for gold.

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

    next thousand trades Amigo. next thousand trades.

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

    do I smell crow pie in Julie’s kitchen?

    matching book-ends.
    https://uploads.disquscdn.com/images/0e208830c44a484cda627ba1eb7e215d09795cc565ec53abd436aefa7ff5b1dd.png
    nothing fast lasts

  • zzezzezz

    Divergence on the Zero… But we keep grinding higher. Not enjoying this….

  • Dyellowflash

    Yeah, this is a trade without any wind on our back.

  • phantomflash

    Mole, I just thought of this – why not just call it a “VIX-triggered buy signal?” Or if you want to be even more careful, a VIX-triggered equity buy signal. Either one is a good bit clearer.

  • BKXtoZERO

    2 pies…. at once. Now 1280 needs to hold or it gets ugly

  • ridingwaves

    UBER bottom buying from defeated retail is paying off….now for the run above 50….you knew the big boys in at 45 were not going to lose on this IPO…

  • Julie 35 – 25 – 36

    No GG Falling wedge testing the high volume low on May 1st on Way less volume A shakeout GG This is a longer term trade Patience GG !
    JULIE

  • HD

    the rallies have sold off late session this month >2:00 JMHO

  • HD

    SPX now 2892, squeeze meter 64 -D. Scaling into 2900

  • Julie 35 – 25 – 36

    GG Positive divergences RSI and MACD Falling wedge and testing the May 1st low on way less volume A classic shakeout COT Report Commercial net short position less in 6 months Positive divergences also OBV and Acc/ Dist Longer term trade GG https://uploads.disquscdn.com/images/085bd1253575d8a5c1737f4ecae316efef703dc168930b4b865eae9bf4a519d9.png JULIE

  • Dyellowflash

    Still held on to shorts. I was puzzled that the SL for my Rusell 2000 held by 0.2 pts. Nothing left of my Dow and SnP. I am about sidelined and hands-off.

  • zzezzezz

    Definitely one of those trades that I wish I wasn’t in….

  • https://evilspeculator.com Sir Mole III

    Sounds too nerdy.

  • BobbyLow

    I just sent you an email.

  • https://evilspeculator.com Sir Mole III

    Oh-oooh…

  • HD

    SPX has symmetry at 2893 from the LOD yesterday

  • ridingwaves

    smacks right into descending 25sma also…

  • Julie 35 – 25 – 36

    GG SLV being accumulated Again bullish falling wedge pattern and testing the high volume May 1st low on way less volume A shakeout to rid the weak hands If anything will be buying more JULIE https://uploads.disquscdn.com/images/70998e51aaca441974450ed79361a289378522c459b12c4b8d3a1c8f7df28d2f.png

  • Julie 35 – 25 – 36

    SLV COT Commercial net short position less since November 2018 JULIE https://uploads.disquscdn.com/images/b3b001d799115d50f57f2e3792c3937b50c1e889d8cd419a6f804425795504ff.png

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

    you know I don’t like wedges….unless it’s pie!
    😉

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

    throw all the charts at me you want. The daily is no match for the weekly.
    and like Mole has trained us, trying to determine when the bottom happens, is a fool’s game. just look at that 2018.

    https://uploads.disquscdn.com/images/f1adb5d57b8f042dc0a702c820e533928c4f6d43a700e5caa291885b0467f6fe.png

  • Julie 35 – 25 – 36

    Also Volume by price congestion zone Again positive divergences RSI – MACD and STOCHS Longer term trade setting up nicely JULIE

  • Julie 35 – 25 – 36
  • Julie 35 – 25 – 36

    I am not determining a bottom I am accumulating for a longer term trade
    JULIE

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

    price was under the 21, and the RSI has been under 50 for a loooong time.
    how dare you hawk silver on poor BK.
    =P

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

    well, ok then.

  • Julie 35 – 25 – 36

    You must give a trade time to work and not get shaken out. What do you think that the big boys are trying to do ? Rid the weak hands GG I am not a weak hand
    JULIE

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

    with all due respect. I understand that on a short time basis.

    I’ve given 7 years. that was enough for me.
    if it gets above the median? I’ll be your silver sister!
    https://uploads.disquscdn.com/images/b75aad1806d54fc31844bb6026c78d64d2f6573a82bda3b301a80f1759228eab.png

  • Julie 35 – 25 – 36

    GG I trade longer term than 90% of guys here The Chief and others use hourly – 5 min – and even one min charts and time frames. i am more into weekly and daily for more sustained trades.Over trading is not my game
    JULIE

  • Dyellowflash

    Shorted on all the 3 mole arrows. I would be real surprise if it works (to be honest). https://uploads.disquscdn.com/images/cdcbb58508b5506edfd7f6bef80787f84301e717b47ca85617a3b24b844814c9.jpg

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

    off-to-lunch!

  • Julie 35 – 25 – 36

    A few threads ago I commented on buying $COTTON I am slowly acquiring $COTTON JULIE https://uploads.disquscdn.com/images/20da7e74b45028a22cc9112ee2887b699d596a78a282ce0f2ee082f071b44bd6.png

  • Julie 35 – 25 – 36
  • BKXtoZERO

    Mole thank you for the post and all others. You totally deserve a vacation. I know that putting together pertinent daily posts is hard work by itself. Even this quick and dirty post contains a lot of useful info. I have other things going on and don’t give my full attention to markets on days when I am not trading. When I am…it is a lot mixed with everything else in life. I can’t imagine how much work you put in. Enjoy your vacation Sir!

  • BKXtoZERO

    Just watched Gone with the Wind. Never be hungry again Julie. Enjoy your Tara

  • BKXtoZERO

    Aaaaaah.

  • BKXtoZERO

    I remember when I first saw one I too thought it meant buy vix. Now since I have been here so long I like it the way it is to confuse outsiders:)

  • https://evilspeculator.com Sir Mole III

    Thanks mate – appreciate the kind words. I think you’re a sub so that’s appreciated as well (the blog doesn’t pay for itself after all).

    I’ll do a quick post tomorrow and then I’m off!

  • Julie 35 – 25 – 36

    BK They never had a sequel .. They left the door open at the end of show for Brett to come back ! It’s been almost 90 years or so and he has not come back to her ! LOL!
    JULIE

  • BKXtoZERO

    Well she was rotten to him!

  • evilasevildoes

    perfect pic per usual thx Mole

  • evilasevildoes

    love your work hard work!

  • Julie 35 – 25 – 36

    That goes for me to EV Thanks Chief !
    JULIE

  • ridingwaves

    what a winter we are having in Northern California…..queue 1960’s again…..

  • ridingwaves

    what next….

    SAT adds ‘adversity score’ amid concerns that privileged students have an unfair advantage

    the whining nation…..

  • BKXtoZERO

    Julie… as a woman… what is your call? My wife thinks Rhett was mean to her… at the end yes, but my call is she treated him badly for a long time and he was putting forth good effort

  • Darkthirty

    You bees rayciss an shit, bro

  • BobbyLow

    I pretty much don’t care one or another about this issue but I have to ask if you have ever taken a GMAT, LSAT or GRE Exam?

  • Julie 35 – 25 – 36

    No way was Rhett mean to her .. She did not have enough sense to understand that a strong man was in love with her and yet she was enamored with a weaker man.She definitely treated him badly
    JULIE

  • BobbyLow

    Tempted to go short here but not enough weakness or time left in regular trading hours so I’ll pass.

  • Jason13

    Shorted ES 2880, stop 2884.

  • BobbyLow

    Has a decent chance. Good luck.

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

    yes….

  • Julie 35 – 25 – 36

    GG Draw a horizontal line across the bounce tops A ton of resistance along with the gap
    JULIE

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

    well, that too. but horizontal is so basic.
    😉

  • Julie 35 – 25 – 36

    Well then GG .. That’s your “Basic” chart .. Basically speaking !
    JULIE

  • ridingwaves

    I did happen to see your asinine comment above bitch….fucks like you are just what is wrong with America….

  • Julie 35 – 25 – 36

    From a basic point of view LOL!
    JULIE

  • Darkthirty

    Read the guidelines, cross reference, come to a conclusion. TPTB are merely preempting the shit storm that’s coming from the buy your way into college scam, discrimination against Asians, and, if we ever get to equality, the discrimination against caucasians.

  • BobbyLow

    Not going to argue with you about this issue because I don’t care enough about it. I also don’t know what is meant by the term “privileged students”. I’ve taken the GMAT twice once before Grad School and once just before I completed my masters degree. I do believe that these tests can be biased in favor of students raised in college educated homes vs. students raised in non-college educated homes. Speaking from my own personal experience and growing up in a non-educated home, I know I got a lot of answers wrong on common speech usage. I’m too tired to give specific examples of this right now but I remember questions on the exam regarding proper english usage that people use everyday that sound correct but are not. I would think that a student growing up in an educated home would be more likely to be corrected at the dinner table after using the incorrect language.

    Ihave no proof of this other than my own experience. BTW, according to my first GMAT score I should have flunked out but I wound up with a 3.6 GPA. LOL

  • Dyellowflash

    I am out of 95% of all my rusell2000 shorts. That’s about 12-14 pts made. Really crappy day shorting the mkt… From the looks of it, I might be looking to go long tomorrow.

  • HD

    20 point hit from symmetry, late day sells have led to a gap in the morn. My vote is for an absolute bloodbath for opex!

  • ridingwaves

    no argument here, just more trophies for everyone mentality. The herd of sheeple in America is now at epidemic levels…..everyone seeking rules and law to conform to them only is the pretty much the game now….

    I scored high on SAT but had no money for college, though should have taken the Navy offer…so I slept on couches and helped build the first Internet broadcast and capture tool for email marketing in auto vertical….ate a lot of canned tuna, damn I was healthy back then. America is always open to hard work and just doing it no matter the color….

    Since a poster has labeled me racist for posting a headline from a website, I need to check out of here. see ya on the other side…..Dthirty-check yourself before you wreck yourself sheep…..

    Darkthirty • an hour ago
    You bees rayciss an shit, bro

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

    blondes….{facepalm}

  • https://evilspeculator.com Sir Mole III

    Well I’m at break/even now and won’t be trading during my trip.

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

    Close up yer books.
    Mole’s wheels up in < 24 hrs. Friday coming & Full Moon.

  • BobbyLow

    Actually I deleted his comment. I wasn’t sure what he meant by what he said but it had to go.

  • HD

    Have a great trip Mole.

  • BobbyLow

    I hate to say this but I’m actually liking this volatility.

  • Sp00nman

    Have a good vacation sir Mole! Get some R&R. I read about NMN and it’s interesting. The recommended dose isn’t that high, and David Sinclair takes 1g/day, which is maybe a lot..? Who knows. I ordered some and Reserveratrol, we’ll see if it makes a difference.

  • Julie 35 – 25 – 36

    HD I am down approx 1% in my short SH The price action and volume characteristics not conducive for a sustained rally The daily volume SPY declining and today a pullback at 61.8% retracement and 21 ema and probably a close below Ichi Cloud baseline (21) @ 2877.78 and below mid range of today’s trading I do not run scared as I have been monitoring closely Due diligence is the name of the game which I do as well as anyone
    JULIE

  • Julie 35 – 25 – 36

    Chief Thanks for everything and Have A Great Vacation
    JULIE

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

    wait, who kicks the ZERO if it sticks? (not ME)

  • Sp00nman

    RW, I’m 99% sure he was being sarcastic. The “bro” is a clear giveaway, clearly you’re not hip on the lingo bruh. 🙂

  • Sp00nman

    Amen to that!

  • BobbyLow

    That was my first thought as well. Although it was something that might have been better off not being said.

  • Julie 35 – 25 – 36

    Buying a little more SLV .. Disclosure Short SH – Long SLV and $COTTON
    JULIE

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

    Frankly my Dear…

  • http://gerb-reloaded.blogspot.com Gold_Gerb
  • Julie 35 – 25 – 36

    I Don’t Give A Damn ! GG LOL!

  • Julie 35 – 25 – 36

    Longer term trades
    JULIE

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

    yeah , we need little hints, who are the quick traders, and the deadswing traders.

  • Julie 35 – 25 – 36

    GG SLV Nice volume pattern today Very important checkout the retest of May 1st area volume and today selling volume declining and less than May 1st. Nice volume on bounce EOD and closing back at 13.65 resistance Reading the tape GG It could go down some more but not much now Accumulating GG https://uploads.disquscdn.com/images/4da66591b663144f45865823ac5e7bf6fbe6ba6afbf8465c7f380a1b92791bb8.png JULIE

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

    promise? cause you know I’ll look it up months from now.
    😉

  • Julie 35 – 25 – 36

    Be my guest GG Gonna run with the “Commercials”
    JULIE

  • Julie 35 – 25 – 36

    Trailblazers and Warriors for game 2 of NBA Western Conference Championship ! Tonight Go Blazers !
    JULIE

  • Darkthirty

    Repost from below….Read the guidelines, cross reference, come to a conclusion. TPTB are merely preempting the shit storm that’s coming from the buy your way into college scam, discrimination against Asians, and, if we ever get to equality, the discrimination against caucasians.

  • phantomflash

    Sounds nerdy? Not sure what that means. Actually VIX sounds nerdy. But the bottom line is, it’s accurate and unambiguous. User-friendly. I also thought of “VIX-based buy signal” but “triggered” is more precise.

  • BobbyLow

    All I can say at this point is that you’re pretty far out there DT. 🙂 This is not a politcal website. I know you were trying to be funny by what you said to RW. But obviously it wasn’t funny because he was offended and if a black person read what you wrote they would probably be offended too. So you had a multi tasked offender going on.

  • Julie 35 – 25 – 36

    LCI Watching for a short squeeze. Over 75% of float shorted .Presently bouncing with market. If market drops and LCI does not or consolidates showing relative strength.Short squeeze will be on when market again bounces or consolidates JULIE https://uploads.disquscdn.com/images/4682295771d8f5e63ce16971b0c7d858b595086ac0bbe41ef63b15b8e7042310.png

  • Darkthirty

    Yeah, it was supposed to be amusing. I should apologize, I wasn’t aware RW was a snowflake. I plead guilty of melting a lot of those. Do I get a pity party if I’m offended that RW is offended? Didn’t think so… I don’t believe in preferential treatment, period. We are nothing but a compilation of our experiences, good and bad.

  • sutluc

    I found this an interesting little perspective on a number of don’t do’s.

    https://www.youtube.com/watch?v=5IcvRe8bQhU

  • BKXtoZERO

    Interesting, thanks. I am impressed he would share that tough story. Zerohedge sounds like his downfall sheeez….. also having your stops triggered over and over is a message you are going the wrong way. Mole takes a hint after two stop outs (he said) I was dumb and took far more, this poor guy took way too many in one area on one bet, believing fundamentally to be RIGHT and in love with a thesis not respecting price action. Easy to say, tough to do. Kudos for sharing it to him.

  • zzezzezz

    Moving stop down

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

    Covered.
    +15 handles banked

  • zzezzezz

    Long /ES@2872

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

    it’s the TechLead channel. Patrick Shyu.
    he has dry wit, and comes across sarcastic.
    whether he’s serious, or just looking for clicks, I leave up to you.
    gawd, that monotone voice.
    software engineers, go figure
    Maybe Google wasn’t challenging enough?

    https://www.youtube.com/channel/UC4xKdmAXFh4ACyhpiQ_3qBw

  • Julie 35 – 25 – 36

    ZZ Trading ES ? 1:20 a.m EDT Perhaps a long approx 2868 ?
    JULIE

  • Julie 35 – 25 – 36

    ZZ Trading ES tonight ? 1;22 am EDT Perhaps a long approx 2868 ?
    JULIE

  • Julie 35 – 25 – 36
  • Julie 35 – 25 – 36
  • Dyellowflash

    Went through my archives and found a gem from 2014. Wonder if Mole can also organise a page to show the daily Zero somewhere in the site? Will be good to let us take a good at the 2018-2019 situation too! Tks!
    https://uploads.disquscdn.com/images/1d4e2964b3e1f0e759566e719d9fb262e13e551d064ef6413b9ae15b271d72a8.png

  • Julie 35 – 25 – 36
  • Julie 35 – 25 – 36

    Hi What a crazy consolidation ES Now perhaps higher highs and higher lows Strong support approx 2868 per 30 min chart with a corrective 3 waves down from 2894 Back to sleep Picked up a few anyway. Very seldom play ES Have Friday off You have a nice evening
    JULIE

  • Dyellowflash

    After going though the charts, I will still be on the short side today. But it kind of feel stupid to say that now that the premarket hours drop all the way back down to yesterday’s lows. So the past 10 days, US stocks b4 open was downtrend days almost everyday and after open became uptrend days on most days.

  • zzezzezz

    Stopped out overnight.
    -3 point loss

  • Ronebadger

    I got your trendlines right here (1hr ES)
    https://invst.ly/atfsz

  • Darkthirty
  • Darkthirty