THE BRENT TORNADO

 

“What’s it like trading Brent? … stand in the middle of this!”

In all my years of trading, both on & off the floor, I’ve never seen anything 

move so fast, with such viciousness, and then end just as quickly and reverse, as 

Brent Crude Oil … “this stuff is insane, and only knows three states to exist in; 

1) freight train running higher, 2) freight train running lower, and 3) dead in the 

water ready to literally explode one way or the other”.

Yes, quite frankly I have told people for eons, that one of the keys to success as a 

trader, is not looking back or second guessing yourself, but when it comes to 

Brent, everything you know about other markets and how markets trade 

becomes moot … this stuff defies all logic, runs faster & farther than anyone 

can imagine in time frames that blow your mind, and then reverses quicker than 

any other market on the planet … throw in some serious stop hunts, and of 

course scumbag LP bank “scumbaggery” with new highs and/or new lows, and 

you have a recipe for a serious ass kicking extravaganza on your hands.

It sits doing nothing, and then you blink your eyes, and it explodes up/down 

and the train has left the station … good luck finding a place to get in and not 

paying through the nose for the experience. It matters nothing what WTI is 

doing … “hell, you might as well be trading July/November Soybeans in the 

biggest Midwest drought in history, cuz both contracts can move 1) together, 

2) opposite, or 3) one moves and the other is dead”. You pick your spots to 

liquidate when momentum dies, before the turn in price, and then for maybe 

10 - 90 seconds you look like a genius … then in seconds it explodes higher 

while WTI is going down, and buy stops get hit, and you’re 40 cents away from 

your liquidation price and sitting there asking, “WTF was that”?

I’m gonna say this again, cuz it bears repeating … “in all my decades of trading, 

I’ve never seen a market move like Brent crude oil does on a daily basis [except 

maybe Nat Gas in a winter freeze in October], and I’ve thought up ‘till now, that I 

have seen just about everything there is to be seen … well, not true, cuz this stuff 

rockets, goes “Thelma & Louise”, stops on a dime and reverses, and blows out the 

other end with a vengeance, and literally leaves you with soiled big girl panties, 

while you’re trying to figure out what the hell just happened … well, nothing 

happened, it’s the way the market trades”!

Only one trade today … PAMM up between 0.1% - 0.2%. You have no idea 

how disappointed I am, given today’s range … “no … really ...  you don’t”.

Algorithm performed absolutely beautifully … to bad your dumb ass money 

manager got “to smart by half” and tried to outsmart the market and then got 

left at the train station as the market exploded higher … and of course, price 

never came back to give another buying opportunity for over $1 a barrel 

… “Yup, fucking brilliant … no wonder I’m not qualified to clean up elephant 

shit at the circus, cuz I know better … and yet here I sit, not wanting to get long 

again on the signal after my first trade cuz I “don’t like the action” … the Mrs. 

says, “who cares WTF you think, make the frickin’ trade”!

Even the dog is lookin’ at me funny … in any event, it reminds me of my first 

months trading my original floor trading algorithm … then, it took me about 

3 months to finally make the trades automatically … relax, it ain’t gonna 

happen again; I can take a hint. Quite frankly, though, in my defense I didn’t 

see WTI & Brent trading like a back month pork belly spread … I’m 

somewhat in shock they trade so differently.

It all leaves me tremendously encouraged for the days/weeks/months & years 

ahead, cuz it’s everything you could possibly want from a market, and the 

Brent algorithm 100% totally “nails it”; even with yesterday’s losers from 2

 buy signals, if I had stayed with the third buy signal trade a few minutes 

longer, yesterday would have been a nice winning day. 

All told, today is nothing more than “tuition” ... an “opportunity cost” fine for 

being a dumb ass … I can face it, I can admit it, and I can learn from it and 

move on … it’s water off a duck’s back. I’m outta here, and it’s gonna take 

more than one cold one to cool me down from myself … until tomorrow mi 

amigos … Onward & Upward!!

PAMM Spreadsheet directly below.

 

Have a great day everybody!

-vegas

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