Now Reading
Inside Candle WhipSaw
53

Inside Candle WhipSaw

Inside Candle WhipSaw

by The MoleJanuary 6, 2014

This morning’s IP-L campaign has now been stopped out and per the rules we are supposed to be in a short position. Yup, I don’t like it either but it is what it is and the rules are the rules. So let’s strike this one up to paying the price of admission and revisit where we are:

Now if you go by the RUT be advised that it’s already dropped below the short trigger by quite a bit – if you missed the entry then you are advised to not chase it. The futures (shown above) are actually back above the trigger and any of you lucky bastards may actually catch a cheaper entry here (make sure to adjust your R size).

If you are wondering what the odds are – let me be clear: This is one of those situations that the wave wankers refer to as 1-2 hell – we may be starting a medium term correction or we may bust higher tomorrow. It’ll all be super clear after the fact of course but that doesn’t do us any good right now. I’ll be risking another unit here as this could have legs – the second IP entry has slightly better odds as the first one.

We’ve got some fine setups on the Forex front today – secret decoder ring required:

evil_separator

It's not too late - learn how to consistently trade without worrying about the news, the clickbait, the daily drama and misinformation. If you are interested in becoming a subscriber then don't waste time and sign up here. The Zero indicator service also offers access to all Gold posts, so you actually get double the bang for your buck.

Please login or subscribe here to see the remainder of this post.

Cheers,

Sign up here to receive my FREE early morning briefing:

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!

BTC: 1MwMJifeBU3YziDoLLu8S54Vg4cbnJxvpL
BCH: qqxflhnr0jcfj4nejw75klmpcsfsp68exukcr0a29e
ETH: 0x9D0824b9553346df7EFB6B76DBAd1E2763bE6Ef1
LTC: LUuoD6sDWgbqSgnpo5hceYPnTD9MAvxi6c
PayPal: https://paypal.me/evilspeculator