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The Iron Is Lukewarm
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The Iron Is Lukewarm

The Iron Is Lukewarm

by The MoleFebruary 4, 2016

I’m seeing a infinitesimal chance at grabbing NQ longs here. To be clear – the odds are very low and if you follow me into the abyss then don’t risk more than 1/2R at most.

2016-02-04_NQ

My stop has been set below 4115 (chart says 4119 but I changed my mind) as that’s below both, the 100-hr and 25-hr BBs. Let’s see what happens here in the coming hour – if this campaign survives the first hour into the open then it’s got better chance of success.

2016-02-04_NQ_LT

I hope everyone is aware of the implications of failure here. Meaning if we drop below 4000 then odds are we are going all the way – my minimum target would be 3500. So this is pretty much the last hurdle before the proverbial excrement meets the jet engine.

I’ll dig around for more setups so reload this page every 15 minutes or so.

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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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