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Targets

by The MoleMay 16, 2012

While equities are pressing everyone’s buttons at once let’s take a quick look at some targets we touched today:

USD/CHF – clean entry a few sessions back and I decided to reap my rewards today.

Copper – same deal but in the other direction. Also at target – yes, it may overshoot but I’m not in the gambling business – out and about.

I went long wheat on the 10th with a stop below 595. Unfortunately that one got stopped out but I went back in when we painted an inside day. Which paid off handsomely in the past two sessions. To my dismay I think I forgot to tell you guys about that second entry – I went back and looked and don’t see it. My bad!! :-} Doesn’t happen often but sometimes the timing does not permit me to include everything.

Natgas is not at target – yet. But I wanted to put up this chart as I remember some of you heading for the hills for no reason. And once again it pays to sit and do nothing – my favorite type of job! πŸ™‚

Cheers,


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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