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Tuesday Briefing Update

Tuesday Briefing Update

by The MoleOctober 23, 2012

Quite some movement today across the board. Before I get to the daily update I wanted to do a quick update on the short term positions from earlier this morning:

Cotton – perfect entry at the 100-hour SMA. Time to lighten up but I’m holding a contract or two into my target, which admittedly is nearby.

I’m calling it nutty gas for a reason. Originally I was short but I had pointed out that the 25-hour was my line in the sand. Had to flip it after a strong candle up and it’s been fun ever since. I’m out now as it may be up to new shenanigans and I don’t have too much to hang my hat on up here.

Corn – I’m not loving this trade right now. Still in but my stop is above the prior hour candle’s high.

Great entry at the SMA on soybeans – I told you guys to wait for it 😉 I think this one could bust higher – holding it for a few mor hours.

Totally got busted with wheat – those cheeky bastards. But I may try another short right here as the NLBL is holding up. If it breaches higher I want to be long.

EUR/AUD is a goner – no interest in taking another position as it doesn’t know where it wants to go yet.

Okay, working on the daily post now…


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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