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The Session After
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The Session After

by The MoleFebruary 4, 2014

I have been cruising the comment section and am elated to actually see folks show up for work and exchange productive discourse. That’s the type of collaboration I had in mind when I hatched the evil lair in the first place. So keep it coming folks and if you’re a noob don’t be shy and jump right into the fray. We’ve got a solid crew here doing their thing each and every day and you may just learn a thing or two. Knowledge is power – well, at least it can’t hurt πŸ˜‰

Let me get you guys on track with the equities side. Depending on your entries I trust you’ve moved your stops down to the 1R or 2R point. I’d be surprised if it triggered already and per the rules I wouldn’t touch it. However after yesterday’s wipeout it’s no surprise to see us in a sideways range-bound session today and that’ll probably complete as an inside day candle. Which moves our stop to 1,785.73 on the SPX – that also would be our long entry for tomorrow.

Most likely you played the spoos so here are those as well for your convenience. Each side has good odds in my mind – at this point I have no directional bias. Medium term this can easily continue lower and short term a little bounce wouldn’t be much of a stretch here.

If you played the YM then you’ll be enjoying a very teeny weeny IP starting tomorrow’s session (i.e. post 4:15pm EST tonight). I actually may dip into a few longs if we trigger 15,417 later tonight or tomorrow morning.

Natgas – boy, that one really took off like a rocket. Already printed 1.5R and that means you’ll advance your stop to 5,223. Congrats if you jumped into this one. The futures have treated us well lately and I have got a few more waiting below today.

GBP/JPY – not sure where/if you got your entry yesterday but if you’re in this one then advance your stop to the SMA or your b/e point today. Good show – I really like this one but be prepared for a last kiss goodbye move.

A ton of goodies below the fold – please grab your secret decoder rings:

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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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