I’ve been working on the stock indices
volatility algorithms this last week, and what I have decided to do is put the
following markets into the same manual; DOW30, SP500, NDX100, &
RUSSELL2000. In addition to that, also in the manual [components &
implementation] will be the high flying stocks Google & Amazon.
This move makes sense because they all
share the exact same components; and although the “rules & signals” are
slightly different in each market, I will simply differentiate the differences
in the “Implementation” part of the manual with each market having their own
chapter. This makes everything simpler for everybody, allowing everyone to
simply scan the implementation manual and search for the chapter of the market
they wish to trade. It also makes it easier because you can easily see the
differences between stock indices and/or shares CFD’s.
And although many of you are simply
trading CFD’s through the MT4 with either ASSETS FX and/or LMFX, I have a very
large clientele that trade options and needs all of these indices with the
volatility algorithms running on each for their strategies.
Turning to gold today … crickets … I’m outta here. No real
movement in Asia for the dealers and bullion banks to fade, and now that we’re into mid-day, the moves in New York are around $4,
which is pathetic. My gut feeling is that we aren’t going to see a nice up day
in gold that can be sustained for more than 10 minutes, that really traps the
shorts, until the U.S. stock indices correct and take out the sell stops
underneath that market; especially the SP500; that could produce a nice $10+
rally in the New York session.
No trades today, nothing to really do in
this environment. Dog and I are outta here. Until tomorrow …
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!”
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