A SWING AND A BIG MISS

 

“Starring Elmer Fudd as the FED!”

Hiking rates right into a worldwide depression … brilliant!

And quite frankly, I’m more than a little surprised to wake today and see 

Europe finally waking the fuck up, and bidding gold higher … nothing in Asia 

to speak of as far as range is concerned, but Europe has caught gold fever, 

after yesterday’s disaster from the FED. Granted, the trade was long and got a 

case of the “pukes” yesterday afternoon, but to see Europe put back $10 per 

Oz. is a surprise … I was looking for a further flush of the long toilet.

“Well, that escalated quickly to the upside, didn’t it”? … quite frankly, gold right 

now is untradeable … sure, you can position it, but trading it like you would 

oil, FX, or any of the stock indices? … Nope, fugetaboutit, it ain’t gonna 

happen … this is the worst trading action I have ever seen in a supposed major 

market … there are no volumes, no liquidity, and the “slippage candy” is 

horrendous … spikes all over the fucking place up/down, stops run and then 

blasted the other way on nothing but vapors … this market is a recipe for 

disaster on a trading basis.

You literally can’t get this shit to move $6 in a week, then BOOM! … up $22 

today on what in about 7 hours? … all there is here are position traders 

waiting patiently to get stopped out … the current crew buying above 1260? 

… any bets we will see 1270 before they all get stopped out below 1242? In 

more ways than one, this market disgusts me. 

Three algo buy signals today, PAMM down a couple of bucks. In addition to 

that, there were some GLD ETF options trades on the C2 options signal 

advisory today as well.

And while I’m not at all happy being down a couple of bucks, I’m more than a 

little upset over the Turnkey scumbag LP’s “mugging & robbery” on my fills 

… I don’t mind if I lose money if I’m wrong, but giving these assholes 

unwarranted “slippage candy” burns my chili … those familiar with my 

trading over on the crude blog, where today we rung the register  

“bigly & yuge”, know that we don’t have to put up with the scumbag LP 

bullshit we have to put up with at Turnkey … if I could [but I can’t], I’d put 

the PAMM/MAM over there in a frickin’ heartbeat! … we can’t, though, cuz 

of regulatory restraints and also cuz there is no mechanism for managed funds 

over there. Our options [no pun intended] over there are dozens of 

magnitudes better than the simple, “buy/sell, and pray the scumbag LP’s don’t 

rape me”, that we get shoved up our noses every time we click a frickin’ button 

to do something … “I’d complain to Turnkey, but I know how that turns out”.

Meanwhile, as I stated above, a great day over in the crude blog … “quite 
frankly, it’s a far superior way to trade, with far better options for strategies, 
and where our money made had nothing to do with price direction" … and if 
that confuses you, get over there and learn something, and bring yourself up 
to speed … [ www.traderzoocrude.blogspot.com ] … trading can and should be 
more than just up & down!

Onto tomorrow, where I’ll be positioning breaks, to capture some profit 

… let’s hope today’s range is a harbinger of things to come, but in addition to 

that, we need better liquidity and more trading action … let’s hope we get it. 

Until tomorrow mi amigos … I’m outta here … Onward & Upward!!

Have a great day everybody!!

-vegas

OUR TURNKEY FOREX “PAMM/MAM” IS OPEN AND

OPERATIONAL, AS WELL AS OUR C2 OPTIONS ADVISORY 

SERVICE.  DETAILS IN “DOWNLOAD LINKS” SECTION IN 

RIGHT HAND COLUMN. START YOUR JOURNEY FROM 

WHERE YOU ARE AT TO “ESCAPE TO SUCCESS”!