RUDOLPH RUNS OVER SOME SHORTS

 

“Hey, who’s up for burying some shorts with my sleigh?”

At first, I started sweating for no reason … air is on, it’s not hot in here; that’s weird … then the computer screen keeps moving … the dog starts talkin’ to me in Klingon, and I’m tryin’ to understand it … I get up to get some ice tea, and the walls start moving … “hey, you know what? I’m not feeling so good right now”! So, I get packed away to bed with the AC on, after I take about 10 grams of Vitamin C, have a little chicken soup … the dog curled up on the side protecting me … and for the next 15 hours I’m in a coma; I don’t wake up, no dreams, and today I’m about 95% … I don’t know what it was that hit me yesterday, but it can go somewhere else for Christmas!

For the first 6 ½ hours today, EURUSD couldn’t get 10 PIPS from the 08:00 open; a little down, a little up … a complete “snooze-fest” with the obligatory mini stop-hunts via the scumbag LP’s to keep traders laughing … and once again, getting within striking distance of the U.S. session, somebody hits the, “hey, it’s OK to start trading now”! button, and starting at 14:39, for the next 70 minutes, EURUSD goes on another 50+ PIP romp higher with plum over yellow with no buy signal in between; and, if that’s not enough, it rolls over and goes plum under yellow for the next immediate 40 minutes … and of course, now we sit cuz there’s nothing left in the fuel tank.

Once again, today sees plum on top of yellow twice during the run up; all it would have taken is a couple of PIPS down, and a buy signal would have been given for nice profits. This “fourth type” of “tail risk” has bitten us in the donkey in these last few days; it happens and there’s nothing I, nor anybody else can do about it … it just is what it is. I will note, however, there will be times when it goes the other way, and does let us in before exploding, so all told it evens out in the long run.

Notwithstanding the two unfortunate non-signals of late, I am very happy with the performance of the algorithm in EURUSD; besides the two non-signals, we’ve also been a little unlucky in the fact most of the action of late has been in the NY session after 16:00; something that you only usually see on days with big moves when there is news to move the market. Lately, Europe has been “dead” … I don’t know if that’s because of the ongoing “Brexit” BS that has the investment community paralyzed into inaction, or maybe year-end capital flows are simply mixed … I simply can’t explain the inactivity in Europe at the moment … what I do know, is that won’t continue for long. And again today, even though Repubs passed the Tax bill, and that is baked into the cake days ago, there really isn’t any news in the NY session to keep the trading activity going … today, the whistle to go home blew @ 16:14, and since then it’s been “dead”, and if you need the market to move to either make PIPS or make up for a loss, good luck cuz it doesn’t look good at the moment.

Two algorithm trades today, one during the “dead” European session, and one after the runup to 1.19000; small profit on both simply cuz the market went nowhere after both signals. The setup and market price rise after the first signal, though, was the one that if we had gotten the signal, there was nothing to get us to liquidate for about 40 PIPS … it was straight up, with only an M1 or two in the red, and then by not much, before going higher still to 1.19000 … “Oy vey”.

However, and this is critically important … despite giving us the middle finger twice in these last couple of days [which won’t last], the simple fact is … and for Newbies and/or first time website visitors I simply ask you to load the algorithm components onto your M1 and see for yourself … the “Scalper’s Algorithm” for EURUSD [and by default, although I haven’t checked these last few days, it should be excellent for USDCAD as well if you want to trade that pair] works and delivers profits. As we get ready to head into 2018, I’m very excited to be trading this pair … we should see some really high power gains ahead.

Tomorrow and Friday, we see a blizzard of U.S. data, along with some data out of the E.U.; that should mean some trading action … we’ll see … but at a minimum it should move EURUSD somewhere. From the looks of the market, EURUSD has surprised somewhat this week with the strength we have seen on the lightest of breaks … given the lack of hard data out of Europe that would warrant a sustained move above 1.19000, and the fact the political situation in Europe is hardly robust, I expect today’s high [or close to it] holds over tomorrow and Friday, and the action could see some moves lower … those moves, however, are likely to get bought aggressively, though, and I don’t think 1.17000 is in the cards right now. We’ll see of course, and the good news is that the algorithm tracks it all for us; as I’ve said repeatedly, the 5 & 9 is the most important signal generator you have going for yourself … the market absolutely cannot go higher without the Plum Line being over the Yellow Line, and cannot go lower without the Plum Line being under the Yellow Line. It is what it is … you can argue with it, and you can tell me it will change, but the fact is where it’s at, at any given moment in time tells you the highest probability of where it’s going next. Onward & Upward!!

This morning, I attempted the upgrade for the Open Office spreadsheet … it didn’t work; why, I haven’t a clue. If I can’t figure it out this evening, I’ll import another spreadsheet program and use that one. So, I’ll have the PAMM spreadsheet sorted out by tomorrow’s close and post … I’m outta here.

Have a great day everybody!!

-vegas

OUR TURNKEY FOREX “PAMM/MAM” IS NOW OPEN AND OPERATIONAL; SEE “PAMM/MAM MONEY PROGRAM” IN “DOWNLOAD LINKS” SECTION IN RIGHT HAND COLUMN FOR DETAILS [VIEW ONLINE AND/OR DOWNLOAD] AND START YOUR JOURNEY FROM WHERE YOU ARE AT TO “ESCAPE TO SUCCESS”!