“Nah, I lied!”
Same old Monday shit, different week is all; markets are mostly quiet across the board, with some downward pressure on USDJPY, stock indices, and gold “lightly” bid, and of course crude oil all over the place as usual.
Today’s trade in gold directly below.
Once again, for the sake of the “Newbie” community out there who are wondering if “I’m full of it” or if the volatility algorithms are the “real deal”, again today for the umpteenth time the gold volatility algorithm nailed the first move of the day, capturing the early move to the day’s high [so far at least] at the RM=1 exhaustion line perfectly. If you were long from the buy signal, you knew exactly, in real time, where to click the liquidate button to get out.
Underpinning today’s light strength in gold is the deteriorating condition of Germany’s largest flagship bank “Deutsche Bank”, and of course some light strength of the Yen versus the Dollar. It isn’t so much the “condition” of the bank that matters, it’s their “derivatives” book, which is in the multiple trillions, that has people all over the financial landscape wondering if Deutsche Bank is the next Lehman Bros. This fear has been a recurring theme the last few days, and has put a “bid” under gold.
I know for many of you, the trade of late has been frustrating on many levels; but, there isn’t anything you or I can do about it. You get “stupid” and start straying from the algorithm rules, and you are going to be very disappointed in your results; you have to be disciplined and show patience, and if you can’t do that then trading will take all of your money sooner or later [usually sooner].
Follow algorithm rules, and it’s not a question of “if” you can make millions trading over your career, it’s simply a matter of time. Stray from algorithm rules and there isn’t enough time left in the universe for you to get there.
Learn the lesson from ‘Patient Bear”, who sits patiently and waits for what he wants; and what the bear wants, he gets.
Grab the popcorn, pop a cold one, and tonight enjoy the most anticipated political debate since Nixon-Kennedy in 1960; finally, a chance for the entire world to see Cankles for what she is; a lying, corrupt, influence peddler who wants so badly to control your life because you are to inept to know what’s good for you. I’ll be listening to the debate on the radio [Alex Jones live feed] cuz there is no way my brain can handle the visual of her in one of her “Chairman Mao” jackets [or Captain Kangaroo jackets] yipping like a Chihuahua in heat for 90 minutes. I couldn’t afford the therapy necessary to make me normal again [“Umm please, define normal.”]. Until tomorrow …
Have a great day everybody!
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!”