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Time To Move Things Along
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Time To Move Things Along

by The MoleMay 21, 2018

The Dollar is easing back a little this morning which in theory should be a welcome reprieve for equity bulls. However over in the real world I’m not seeing much of a response except for the Russell 2000, which is a bit disconcerting given last week’sΒ VIX Sell Signal which remains valid until about Wednesday this week.

Speaking of the VIX, I decided to rummage around in my momo indicator chest earlier today and found two charts worth sharing. For one it’s the ROC panel that suggests an impending increase in IV volatility (i.e. realized volatility in implied volatility).

I have rarely seen this one linger near the bottom, and at minimum we are going to see a bit of whipsaw here, thus pushing the signal back toward its 0 mark.

The other one is yet another drop < the upper BB on the inverse IV term structure (i.e. the VXV:VIX). This does not necessitate a large correction (see previous incidents) but it somewhat reduces the odds of a big move higher.

The point of this post’s title is this: The bulls need to stop playing around as the onus is on them to get themselves into safe territory (i.e. > ES 2800) before the onset of the big summer doldrums. We are a little over a week away from June. Nothing good happens in June, at least in the equity markets.

To press this point even more – we are only a month away from the most bearish week of the year (#25). If the E-Mini keeps wasting time by lingering around near ES 2700 then odds of a large correction will increase significantly in the weeks to come.

I don’t see anything tasty on the setup side today, time to observe until things come into sync.

 


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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  • Tomcat
  • https://evilspeculator.com Sir Mole III

    Good morning everyone – had a good weekend?

  • Julie 35 – 25 – 36

    TC I have ab alibi I was with GG LOL ! Seriously what a very sad occurrence . As RW said he would never have left his friend and I would not have either
    JULIE

  • https://evilspeculator.com Sir Mole III
  • ridingwaves

    perfect bull stampede setup….do I hear 2830 by end of week..

  • HD

    impressive levels of fuckery in this market. I’m gonna sell the open against the B-D TL.

  • ridingwaves

    no different than 2006-2007, 1927-28 etc…..only the players have changed….

  • Julie 35 – 25 – 36

    Hi HD Always a stick save
    JULIE

  • Julie 35 – 25 – 36
  • nirav777

    Cutting 1/2 of my Long ES campaign from last week into 33 on the noted confirmation via Zero per this AM strength

  • ridingwaves

    I don’t get it….they saw the damn thing, got off their bikes to scare it away, then didn’t team up to deal it a bad hand, it came at them after the first time they saw it….sticks and stones work well, caveman even used them. There was plenty of that around. Fight until you die, have each others back…..2 Vietnam buddies would have never left one another…Their approach was just incorrect….

  • Julie 35 – 25 – 36

    Exactly RW That is what I would have done
    JULIE

  • Julie 35 – 25 – 36

    USO Again the minor bounce off the 5 ema 5 ema 14.44 — support 14.42 —- Resistance 14.60
    JULIE

  • HD

    https://twitter.com/MichaelReports/status/997961489448235008

    agree, they made some mistakes by running. Fight or flight I guess. Lions are apex predators though and if they are hungry and decide to eat you there is nothing you can do about it.

  • http://gerb-reloaded.blogspot.com/ Gold_Gerb

    I’m thinking a clean 2800, but by end of week? why not!?

    http://stockcharts.com/h-sc/ui?s=%24SPX&p=D&yr=0&mn=6&dy=0&id=p10086246816
    range trade thinking.

  • http://gerb-reloaded.blogspot.com/ Gold_Gerb

    keep drawing lines girly, they keep getting crossed.

  • ridingwaves

    2 75 yr old folks fought and won, I would be much more afraid of a 140 lb pit or rottweiler……better yet, surfers will rescue their attacked friends with blood in the water and a 15 ft great white nearby, in his domain, where he can’t be seen. We are tribes, tribes are hard to beat…
    https://www.sfgate.com/science/article/Couple-s-lesson-in-survival-from-07-cougar-attack-3658073.php

  • Julie 35 – 25 – 36
  • BobbyLow

    This is what I think is a major flaw with continuosly changing support/resistance lines on a fast ema. These lines keep getting moved up and can get blurred with hopium.

  • http://gerb-reloaded.blogspot.com/ Gold_Gerb
  • http://gerb-reloaded.blogspot.com/ Gold_Gerb
  • Julie 35 – 25 – 36

    GG Lets not space out the 61.8% retracement Could be a fatal flaw Just saying JULIE https://uploads.disquscdn.com/images/cd3934b62cb7cd46fa79e6d68028d476a76baf245d51fdf437f20065e962dfc7.png

  • http://gerb-reloaded.blogspot.com/ Gold_Gerb

    true. anything above the Keltner is fantasy in my book.
    takes time to turn those envelope lines.
    hence my up vote for Captain down below. maybe I’ll just take the week off.

    maybe watch the Royal wedding highlights (*cough*)

  • ridingwaves

    I’ve been thinking about this bull run as the last for a bit….might even take out the gaps at high….thus free to fall wherever the big boys want it too…

    ridingwaves Mark Shinnick 11 days ago
    2850 by July…..

  • Julie 35 – 25 – 36

    SPY volume has barely moved the needle
    JULIE

  • https://evilspeculator.com Sir Mole III

    Nobody?

  • Julie 35 – 25 – 36

    I read that the FBI is still looking for DB Cooper from the 70’s and the 3 guys that escaped from Alcatraz in the 60’s. The Agents in charge of those investigations probably take a long lunch every day ! LOL !
    JULIE

  • ridingwaves

    yes, went to friends farm in Sonoma, night before I made Carne Asada Preparado, brine the meat in garlic, beef stock, onions, cilantro. Made Carne Asada tacos, frijoles y Arroz…Don Julio 70 yr old vintage tequila, Bohemia and some Ottmar Liebert in the background as we looked over the open range……a good weekend

  • ridingwaves

    suck it up and don’t expect us to help you serfs….We live in a corpocracy, drink from the well my friends…..
    https://www.yahoo.com/news/u-top-court-backs-companies-over-worker-class-141107855–finance.html

  • Julie 35 – 25 – 36

    GLD As stated Friday looking to buy above the 5 ema ; lower gap window and channel mid line JULIE https://uploads.disquscdn.com/images/f3c868fc2fb4ec90c205e8aae57667e0e3b1fe9c721362dfb68bac34d46cdb52.png

  • Julie 35 – 25 – 36

    TTD Showed similar chart previous thread i.e. buying a pullback and targets for pullback. The pullback could be commencing JULIE https://uploads.disquscdn.com/images/dbe658c662ac1b77504a87d3f2c3e8fa48928b62bb742fe5f5471f4dd895cede.png

  • Julie 35 – 25 – 36

    SPX Love it !
    JULIE

  • BKXtoZERO

    I slept in…. missed the rollover. I was sick most of the weekend. added .5R TVIX at 4.84 to the .25R I left on from 5.05.

  • HD

    Thus far $SPX looks like it rallied 10 handles from the open and was rejected at BD TL, price has spent very little time above the 2731 level.

  • Julie 35 – 25 – 36

    HD Those trend lines drawn down below along with the 61.8% retracement must be respected
    JULIE

  • BKXtoZERO

    sick Thursday through most of Saturday….. no fun. Now I get to go back to the shoe store.

  • BKXtoZERO

    that sounds really nice!

  • Julie 35 – 25 – 36

    CAT https://uploads.disquscdn.com/images/285ef77da88e6d8085afe6b43c85d89187ad3a45ba07d4e118fece6e571a35bb.png Attaining one of my targets to short per chart previous thread JULIE

  • http://gerb-reloaded.blogspot.com/ Gold_Gerb

    lower!
    hit 121 first. your fibo is no match for the Dark Side.
    http://stockcharts.com/h-sc/ui?s=GLD&p=D&yr=1&mn=4&dy=0&id=p96936494196

  • Julie 35 – 25 – 36

    Actually GG the double top measures approx 130 – 124 = 6 — 124 – 6 = 118
    JULIE

  • http://gerb-reloaded.blogspot.com/ Gold_Gerb

    very well!
    that’s the next line down, on my chart.

  • Darkthirty

    2745 ES is 786 of previous…..

  • Julie 35 – 25 – 36

    GG GLD Using the daily 5 ema as a filter
    JULIE

  • Julie 35 – 25 – 36

    Almost 3 hrs into the trading day out of 6 1/2 and SPY volume “Jack Poop” Gonna take a lot more volume to move SPX
    JULIE

  • Julie 35 – 25 – 36

    SPX IMO not a trend day guys Just a phony gap up for the big boys to sell into
    JULIE

  • Julie 35 – 25 – 36

    RW EXAS strong support 51.38 Just saying
    JULIE

  • Julie 35 – 25 – 36

    EDIT 51.38 not 51.28 miss type
    JULIE

  • Julie 35 – 25 – 36

    GG GILD reached our target. Overbought short term Stochs https://uploads.disquscdn.com/images/a0d88444e02264c17bafa34cd66f3d536bde453ba03ac9300029fc2215300bc3.png with RSI attaining 40. May want to short with a bearish close below it’s 5 ema approx 67.49 Just saying JULIE

  • ridingwaves

    it was, the Tequila was exquisite…the rest good too…wind was moving though…cold here in N. Cali

  • http://gerb-reloaded.blogspot.com/ Gold_Gerb

    no way. leave it to me to become a reverse island bottom victim.

  • ridingwaves

    IBB not getting any love right now…light volume….sideways….Thus GILD
    might be a good short….huge volume hole here….though PMO makes me cautious

    https://uploads.disquscdn.com/images/40ce9ad082e8874496488b63ce93f7f7abf68f299263e1d390423f21bec8332c.png

  • Julie 35 – 25 – 36

    USO hit the 14.60 resistance posted below and pulled back slightly. Them oil bulls are trying to wear me out. No guy wears me out ! LOL !
    JULIE

  • Julie 35 – 25 – 36

    YUP RW My thoughts too. Thanks for the chart. Another chart shown A ton of resistance EXAS too IMO setting up to short i.e. weekly overbought and up into strong resistance the upper weekly cloud boundary JULIE

  • Julie 35 – 25 – 36
  • http://gerb-reloaded.blogspot.com/ Gold_Gerb

    that’s cause the guy does all the work honey.
    =P

  • Julie 35 – 25 – 36

    RW https://uploads.disquscdn.com/images/c1aaa0a893d9d132ad93e4396abd3596fe70361a74fb588d43667e00a4ebaad2.png EXAS weekly chart 53 -54 going to be tough per previous post and chart over the weekend previous thread. EXAS up into the upper cloud and overbought i.e. ripe for a pull back As stated below 51.38 strong support JULIE

  • Julie 35 – 25 – 36

    EDIT strong support not resistance
    JULIE

  • Darkthirty

    You’re saying She’s a “Princess”?

  • Julie 35 – 25 – 36

    D30 SPX is still a 1-2 i – ii Chief gonna scold me …… !
    JULIE

  • http://gerb-reloaded.blogspot.com/ Gold_Gerb

    she’s a tiger! mostly clawing and scratching.

    Only Bulls and Grizzlies break beds.
    LOL.

  • BKXtoZERO

    I looked into VIX sell signal history a bit. I will do more. My general impression is that being outside the 2.O bollinger is just a time to perk up for long VIX scalpers period. If you were waiting only for confirmed VIX sells, you would have missed a lot of VIX upside moves. I would just look at ES technical set up and go by that. The BUY signals were obviously much more productive and abundant. Buy the dip sell the VIX spike worked most of the time. The spreadsheet shot below shows the dates of some step 1, step 2 step 3s. Assumes an entry at close of step 3, then looked at how many ES handles you “could have had IF you were perfect”. Many signals gapped way up on VIX during confirmation and would be tough to try to jump in on. Many quickly reversed. https://uploads.disquscdn.com/images/c2f7be543267f68949c25ee64a1009770e6e6e6f1e4eb3167e33542ca756798d.jpg

  • Julie 35 – 25 – 36

    BKX Bear markets VIX 16 – 17 is support Courtesy of Tom Bowley of stockcharts.com
    JULIE

  • http://gerb-reloaded.blogspot.com/ Gold_Gerb

    an older and wiser BKX.
    was it only twelve days ago I said “pick your battles”. seems like Months.

    if you perfect your craft, we may have to call you BKVix.

    http://www.writeups.org/wp-content/uploads/Al-Bundy-and-father-h.jpg

  • BKXtoZERO

    well it is 14 now so we must be in a bull mkt.

  • BKXtoZERO

    yes, I plan to look into this more…. it was educational. perhaps I will find my own signal.

  • Julie 35 – 25 – 36

    BKX Presently 14.50 is important
    JULIE

  • ridingwaves

    74-75 WTIC….you cougars are hard headed…..best to be just hot blooded…
    https://www.youtube.com/watch?v=5c1m2BAg2Sc

  • http://gerb-reloaded.blogspot.com/ Gold_Gerb

    I have this theory. While most of the traders eventually blow out, and move on. Accumulation of the matured experts in this forum will coalesce into something not seen before.

    specialists in various areas.

  • BobbyLow

    It’s not a battle of will. It’s a battle of price. When it comes down to a battle of wills, the market usually wins.

    I’m not trying to bust your chops Julie but IMO, talking certainty in this business can be a losing proposition. I’ve been long UCO from $31.68 (last print $33.94). I have no idea when this run will end but if we don’t go further up from here, I’m going to guess it might end roughly a buck down from present prices. The only battle I fight is trying to go with the market and not against it.

  • Julie 35 – 25 – 36

    BL I am not worried at all I can wait them out for a very long time with my very small short probe. When it is time to slam it I will throw the kitchen sink at it . My daffodills are blooming nicely
    JULIE

  • ridingwaves

    I think your missing BL’s point….why give them money when you can wait for them to give you a better chance to succeed?

  • ridingwaves

    that last kiss goodbye on the PMO was your time to remove pride of the cougar, all trend and momo indicators are saying bulls keep partying…

    https://uploads.disquscdn.com/images/46bbb3401d4b1948dbfe080ba7fb2e22d9bc542c8c7c1eb5eac4c55292d8d3a3.png

  • Julie 35 – 25 – 36

    This rising wedge is not going to last much longer IMO When it breaks down it will break hard and fast JULIE

  • Julie 35 – 25 – 36
  • HD

    Nice work amigo.

  • Darkthirty

    I’ll take your word……

  • Julie 35 – 25 – 36

    Rw i am down less than 3% in a probe.I do not throw in the towel … I have patience esp with a short. Often when traders throw in the towel and a trade moves in their direction they will miss it. The reason for a probe is too watch carefully.Traders cash out too soon they are distracted with other trades and will miss the original My two cents
    JULIE

  • Ronebadger
  • http://gerb-reloaded.blogspot.com/ Gold_Gerb

    we talked about this a *month* ago.

    I thought the cougar whould have that COT’s thing all figured out!?

    https://evilspeculator.com/hair_club_for_traders_s01e01/#comment-3868241149

    Hair club for traders, (snort!)

  • HD

    Hope to find out in 3 minutes.

  • http://gerb-reloaded.blogspot.com/ Gold_Gerb

    If USO won’t respect blue, it’s heading to Red.

    http://stockcharts.com/h-sc/ui?s=USO&p=W&st=2012-05-01&id=p95698786849

    edit: and if you look left …hat tip to HD, it’s 16.

  • ridingwaves

    softs usually run 8-10 months behind other commodities, thus my WEAT play….I will get out if it doesn’t play along….longer time frames for me…so take my 2 cents in pesos….

  • BobbyLow

    OK. You’re right. I see that USO is up only a wopping 18 Cents as of this moment. The last thing I’ll say about talking certainity (for now) is that we used to have a guy in here who talked certainity all the time and he traded futures 24/7. He seemed like a pretty good trader. A couple of newbies followed him into a trades and got whacked really bad. It sounds crazy but newbies follow people into trades all the time. Also when people talk certainity it adds to group think and can help keep someone in a trade that they shouldn’t be in or get someone in a trade they shouldn’t be in.

    BTW, I’ve been doing this stuff for 20 years and I don’t want anyone to follow me into a trade unless their own system supports it. When I put in a trade, I know I have a better than 50% chance that it’ll be a winner but that’s about it. I don’t question your stamina (I know you work hard at this) or question your belief in your own trade. But I will say that saying something is going to happen doesn’t make it so and I don’t care what system/indicators are being used because I’m willing to bet that they too only have around a 50% chance of being a winner.

  • http://gerb-reloaded.blogspot.com/ Gold_Gerb

    out to lunch!!

  • Julie 35 – 25 – 36

    Bl I calculate high probability not certainty. A bearish rising wedge on decreasing volume is high probability for a failure. Overbought monthly – weekly – daily with negative divergences. Going up into a 50% retracement and upper channel trend lines. high probability for a failure. I have entered a short probe to keep me watching. Very simple
    JULIE

  • BobbyLow

    I took a look at futures last night and saw that Wheat was flying high (Long Futures and WEAT) . Then something happened this morning and Wheat defecated all over itself. So my strong positive trade turned negative. I just closed my long futures /XW for a .33R Loss. I’m still long WEAT and will probably hold for another 10 Cents or so.

  • Julie 35 – 25 – 36

    HLF A minor bear flag under it’s 5 ema low volume and momentum. Looking to enter long at 55 ema matching a support and upper cloud boundary oversold 13,3,3 full stochs JULIE https://uploads.disquscdn.com/images/d692ae0a9c4ab6a644af3966f003803773846fb201053e432f8fb0345608c12a.png

  • BobbyLow

    This begs the question of what is the probability of a bearish rising wedge working? I’m curious is the “High Probability” 60%, 70%, 80%, 90%? Do you have any stats on this?

  • HD

    GG, plenty of opinions on oil here but to my eyes USO is lagging big time. WTIC and CL have both retraced more than 50%. USO should be $24?

  • Julie 35 – 25 – 36

    Yes BL Carl Swenlin of descisionpoint 77% probability
    JULIE

  • Tomcat

    Backwardation and contango, mgtmt fees this thing will eventually be ZERO, well not really, they will reverse split the shit out of it, same as the other instruments of its class

  • HD

    Good eyes RB! Right on time.

  • Darkthirty

    C target 2723

  • HD

    I’ve been trapped S most of the day so that would work for me πŸ™‚

  • BobbyLow

    I used to trade USO until I realized what the ramifications were of having 4 Contracts in it. It rolled the oldest contract every month. Tomcat mentioned backwardation and contango and this really messed with USO’s price. I don’t know if this is still the case but it is probablyexplains the lack of movement in USO.

  • HD

    So best practice would be to chart WTIC instead of USO thing?

  • Darkthirty

    E3AK8 5 pts = 2X

  • Julie 35 – 25 – 36

    BL I just read an article last week about USO.and backwardation i.e. when in backwardation USO closely follows script. Presently USO is in backwardation with the spot price above the further out contract price
    JULIE

  • ridingwaves

    I have more room to float it right now with entry further below….still love the chart, consolidating here….

  • Julie 35 – 25 – 36

    Gentlemen You talk about R’s What is an R ?
    JULIE

  • BobbyLow

    Hell yes.

    An exception might be charting USO and trading USO as a stand alone stock with only a weak relevance to the spot price of oil then it probably would be OK.

    Having said that, I’ve traded UCO/SCO alot and it has 2 Contracts in it. I’ve traded it enough so that I can figure the ratio of movement between /CL and the 2X UCO/SCO. The same can be said for 3X OILU/OILD but I switched back to the 2X because it has a normal spread whereas the 3X used to burn me with a 2 or 3 cents spread on almost every trade so I went back to the 2X.

  • BKXtoZERO

    Ruh Ro. Get ready for the Mole hammer to come down. R is a unit of defined risk, found under “Key Concepts” page, under home menu

  • BobbyLow

    Understood. I closed my futures because I give them a very wide stop overnight under normal circumstances. But I’m not chancing a wide stop overnight after the way it traded today because there’s a good chance it would get hit. πŸ™‚

    I’m still long WEAT and if price straightens itself out I might reenter on the futures side.

  • Julie 35 – 25 – 36

    Thanks BKX
    JULIE

  • http://gerb-reloaded.blogspot.com/ Gold_Gerb
  • http://gerb-reloaded.blogspot.com/ Gold_Gerb
  • Julie 35 – 25 – 36

    GG FFTY Have you checked we got the one more minor pop to the upside Now a pullback to buy
    JULIE

  • http://gerb-reloaded.blogspot.com/ Gold_Gerb

    if I plug USO into my $GASO chart,
    watch out, Julie’s gonna short again!
    πŸ˜‰

    http://stockcharts.com/h-sc/ui?s=USO&p=D&yr=1&mn=1&dy=0&id=p57577915947

  • http://gerb-reloaded.blogspot.com/ Gold_Gerb

    another red candle? againnnn?
    you’re wearing me out.

    http://stockcharts.com/h-sc/ui?s=FFTY&p=D&yr=1&mn=1&dy=0&id=p53941234894
    ;-D

  • BobbyLow

    This is a great question Julie and perhaps it would explain why I was so adamant about honoring my stops. For example if I’m trading a 1% R this means that I am risking 1% of my trading capital to loss (Position Size is adjusted to this 1% Loss) on a given trade. As my trade matures, I can reduce the level of my stop but never increase it. This 1R is equal to the maximum amount that I am willing to lose period on a trade.

    Another thing is once I have moved my stop in my favor it can never be increased again (my rule) and if price takes me out so be it.

  • Julie 35 – 25 – 36

    I understand i.e. why I enter probes .. BL we are basically on the same page AGAIN Bro !

  • http://gerb-reloaded.blogspot.com/ Gold_Gerb

    how bout a nice bottle of 5ema trailing, red.
    and call it a night?

  • http://gerb-reloaded.blogspot.com/ Gold_Gerb

    absolutely.

  • http://gerb-reloaded.blogspot.com/ Gold_Gerb
  • http://gerb-reloaded.blogspot.com/ Gold_Gerb
  • Julie 35 – 25 – 36

    How many of you guys think today’s “Jack Poop ” volume gap and go probably closing mid range is going to have follow thru tomorrow ? I say “Jack Poop ”
    JULIE

  • http://gerb-reloaded.blogspot.com/ Gold_Gerb

    volume is secondary.
    I’d rather trust a fibonacci arc.
    tee hee.

  • TerpFan

    My favorite group of all time. Why the hell aren’t they in the R&R Hall of Fame?

  • http://gerb-reloaded.blogspot.com/ Gold_Gerb
  • BobbyLow

    Speaking of Oil, it is saving my butt today. πŸ™‚

    Did a partial bail on Wheat and am still holding some. My long in Gold is almost back to BE after almost getting stopped out overnight.

    Crazy market but I suppose it’s always been this way in one form or another. In the meantime, I see the DJA is within striking distance of another 52 Week High. The Dow reminds me of an old Star Trek episode when “Tribbles” kept on multiplying.

    Beam me up Scottie!

    https://www.youtube.com/watch?v=Bprgl_4z6gY&has_verified=1

  • BobbyLow

    I don’t think volume on indices has mattered for years.

  • Julie 35 – 25 – 36

    Yeah GG It is a close call. Love those fib arcs and fib fan lines. SPX could go either way inflection point JULIE https://uploads.disquscdn.com/images/4be3380bd36c28ad37c72204315b3fa190cfe5d004cee43e4ab0f589816cd6d0.png

  • http://gerb-reloaded.blogspot.com/ Gold_Gerb

    you are flawed, and imperfect!

    https://www.youtube.com/watch?v=rge17TciHfU

  • HD

    Not sure about volume but same chart and level from last week. Sellers still hitting above. Reverse hammer candle today?https://uploads.disquscdn.com/images/4574651ec4e5ac9d1e730a07dc68c164f8eee2851f6a6440dc2f948b6facac48.png

  • Julie 35 – 25 – 36

    HD I am not being run off my short probe SPX at 2722 from last week Daily Ichi Cloud conversion line (8) exactly 2722 A bearish close below 2722 and GRRRR ! JULIE https://uploads.disquscdn.com/images/303d61ecd9294fb84f2cc7a1cbcccae446892eaec2e6ee76db8520ae15807952.png

  • BKXtoZERO

    looks like little bull flag today holding for more upside to me, unless ES loses 2725 quick

  • Julie 35 – 25 – 36

    SPX chart shown earlier now updated …. Julie not going to be run off her short probe No Way Guys ! JULIE https://uploads.disquscdn.com/images/d609b7f4b6b640827fe71b71b8d7f7c338870c5c4c73cda5e158722086b3d508.png

  • Julie 35 – 25 – 36
  • HD

    I heard β€œLaurel”

  • http://gerb-reloaded.blogspot.com/ Gold_Gerb

    Time check.

  • Julie 35 – 25 – 36

    Back to work Guys Everyone Have A Great Rest Of day !
    JULIE

  • https://evilspeculator.com Sir Mole III
  • HD

    Looks like last Monday IMO

  • https://evilspeculator.com Sir Mole III

    Quiet before the storm starting Wednesday. But it’s starting to look iffy for the bulls.

  • https://evilspeculator.com Sir Mole III

    @Julie – reg. R – seriously? After all this time on this blog? You may want to spend a bit of time going through the educational section:

    https://evilspeculator.com/tools-section/concepts/

  • Julie 35 – 25 – 36

    I have read some parts Chief. My next goal is PnF R/R is paramount and I too have rules very closely following BL’s comment below. We are on the same page Chief
    JULIE

  • Julie 35 – 25 – 36

    Same principal just different wording
    JULIE

  • http://gerb-reloaded.blogspot.com/ Gold_Gerb

    WTIC, for those USO snowflakes lost in the blizzard.

    http://stockcharts.com/h-sc/ui?s=%24WTIC&p=W&st=2012-05-01&id=p86316786254

  • Julie 35 – 25 – 36

    I put in a wrong symbol and WHAT ! Can’t believe it ! Was going to look at X and hit H ! I love playing these consolidations as they can be great money makers LOL ! JULIE

  • Julie 35 – 25 – 36
  • https://evilspeculator.com Sir Mole III

    So if you weren’t familiar with R sizes then how are you managing your risk exactly?

  • http://gerb-reloaded.blogspot.com/ Gold_Gerb

    Price is King, but it’s barely, barely hanging in there.
    Half of ‘easy time’ is over, and bulls haven’t done sh!t.

    Circle represents time & price 50%. It’s objective. Not like wave wanking.
    Either way, I will be drooling over the first week of June.

    https://uploads.disquscdn.com/images/15468680fdfbabfb693ffca087933faed6c8c071896122ac6bab2afdb90f7eed.png

  • ridingwaves

    good question, along with Chicago…
    Lou Gramm had one of best rock voices ever….

  • BobbyLow

    Me too. My daughter, granddaughter and I heard Laurel. My wife and another granddaughter heard Yanny. We all listened to it at the exact same time in the same room. That was strange. πŸ™‚

  • https://evilspeculator.com Sir Mole III

    Hey guys – I accidentally wiped out my NinjaTrader installation on my VPS this morning. Waiting for the weekend backup to be restored and per the hosting company it’ll happen sometime during trading hours today. So no post as all my charts are in the deep freeze right now.

  • Sharon

    Whoops. Technology is really wonderful and then there is a whoops. I experience this fun at times myself. No Problem, Chief. This group is always happy to have you and your work around.

  • StockTalker

    Crude oil capitulation today, contract roll.

  • http://www.captainboom.com/ captainboom

    I’m catching up after a few days off. Is there a way to decode this option symbol without pulling up an option chain? I’m not easily finding anything.

  • Darkthirty

    E=es 3 is week of the month A=Monday C=Wednesday EW = Friday expiration K=option month 8=2018

  • http://www.captainboom.com/ captainboom

    Thanks much, I figured it was something like that. Saved this. Is there a reference link for decoding others?

  • Darkthirty

    I only learn what I use, too much stuff in my head anyway! E4CK8 expires at 3pm today, great for scalping, but I flip to the next contract no later than 2pm. Easy to get wiped out with a 10 point move. Lotto straddles on FOMC days are usually profitable

  • http://www.captainboom.com/ captainboom

    I see. Probably way too volatile for me, but interested nonetheless. Thanks.

  • Darkthirty

    do you use TOS? got a few scalp tricks with prophet

  • http://www.captainboom.com/ captainboom

    Yes. Prob better to discuss privately. You can reach me at andy at captainboom dot com