Bet on the turtle to get to any finish line today
before gold moves a buck; my goodness, how slow can a market get? I had a
feeling this was a total waste of time when I got up and saw the currencies and
stock indices “dead in the water” right along with gold. Sorry, ain’t playing
this game of “chop chop, let’s see where the stops are at”.
This type of action goes to the heart of the current financial market manipulation
going on via the Central Banks; nothing means anything anymore except what some
Central Banker says, and then markets move at the speed of light towards some
unknown point and then abruptly stop until the next banker pie hole opens up to
give us all of his/her wisdom. Rinse, repeat and you have present day markets
[all of them].
Of course, the problem in very low intra day
volatility markets is the fact that if you’re wrong on your first trade, there
isn’t enough movement the rest of the day to make it back; you’re stuck, and
there isn’t any movement in price to help you out. Need proof? Well, just take
a look at gold in a $3 buck range in New York and tell me what happens if you
get on the wrong side of $2 of that and then turn your trade around? Where does
the loss get made up and where do profits come from when you can’t even get
outside the spread for 30 minutes as you’re moving closer to the close minute
by minute?
So, no trades today, although there was one tiny
algorithm trade you could have made and wound up with about $1; in any event, a
wash day with little to show for getting up. Tee time in 90 minutes … I’m sooo
outta here.
Have a great day everybody!
-vegas
OPEN A DEMO AND/OR LIVE ACCOUNT AT THE LMFX LINK IN
THE “DOWNLOAD LINKS” SECTION OF THE WEBSITE TITLED “OPEN TRADING ACCOUNT – DO
IT NOW!”
OUR LMFX GOLD TRADING PAMM WILL BE READY AS SOON AS
LMFX GETS THROUGH WITH UPGRADES TO ITS PAMM SOFTWARE! WE ARE VERY CLOSE; OPEN
YOUR LIVE TRADING ACCOUNT TODAY, FUND IT, AND BE READY TO PARTICIPATE!
No comments:
Post a Comment