Squeaky Finale Wrap Up

As they say, life goes on – with our without us. Thanks again for all the kind words and for sharing your own stories. But as I have now officially maxed out the mushy scale in the evil lair I must now revert back to the crusty old SOB that you love so much to hate.

Nothing earth shattering going on here. I put in a comment about the hourly Zero as there were questions regarding negative divergences. In order to reliably trade those we really need to see a more pronounced signal – quite often we see a slight drop in the intensity but then another candle drives the trend higher. I think the recent lines (in green and red) are much more representative of what we want to see – and obviously those paid off very well for us.

Helter.Scalper actually nailed a long trade today – surprising really as we mostly drifted sideways after the ramp. Of course none of you received an email about it as Mr. Evil ‘Knucklehead’ Mole had commented out all the messaging parts. I hope it’s fixed now and that you’ll receive alerts starting tomorrow. For the record I’m glad that the very first trade after going live was a winner – that’s kind of what you hope for when you release a new strategy. Good omen, I should say 😉

Now before I run here are two FX charts for the subs:
[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 subscriber it includes access to all Gold posts, so you actually get double the bang for your buck.
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You remember the format – net-lines charts with the hourly on the left and the daily on the right. We are looking at the EUR/USD and what I really liked about it was that my concept of successive net-lines seemed to work very well here. If you have ever traded pivots or 2sweeties’ retracement levels then you may know that quite often you pyramid up as you go from one support/resistance level to the next. Now, what stands out is that each breach got us to the next line – and once we failed to breach the final NLSL we bounced back sharply.

Right now we are miles away from a NLBL but if you’re in I guess it’s fair to stay in for a few more pips.

The AUD/JPY is in a very interesting spot and continues to look very strong (possibly also supporting equities). As you can see we are holding the hourly NLSL and are pushing above a new NLBL on the daily. Very much possible we go all the way to 90 if we gain traction here. Possible entry would be a retest of the daily NLBL.

That’s all I can squeeze out of my brain today.

Cheers,

Mole