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The Big Squeeze
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The Big Squeeze

The Big Squeeze

by The MoleApril 30, 2015

The gloves have officially come off and it’s outright war all across forex as GBP and EUR shorts are systematically being squeezed into oblivion. Very few saw this one coming it seems except for the Mole and his crew of lowly steel rats. Having secured early seats on a fleet of buses it’s all smiles down here at the lair – a rather welcome reward after weeks of pain and patiently waiting our turn in the bullpen. But that’s yesterday’s trades – we’ve got more work to do this morning – so let’s roll up our sleeves and get to it:

2015-04-30_spoos_briefing

The E-Mini – I took an experimental long here as we’re retesting the 2088 mark. I have low expectations of this one working out but it’s a delicious entry and I’m taking it with 1/2R.

2015-04-30_NZDUSD_briefing

NZD/USD – picking over corpses here – that’s right, no mercy! That was one nasty drop and I’m long here with a stop below the previous lows. Again an experimental entry – if you follow me into the abyss don’t risk more than 1/2R.

2015-04-30_ZN_briefing

Bonds – binary inflection point here. I’m currently long and so can you but I would wait for a drop toward 128’120. Below 128’040 the abyss awaits – see the context on the daily.

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You have been briefed – now have fun but keep it frosty. See you guys later this afternoon.

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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