“Hey, I think they sent me the wrong book!”
Things were so much easier back in the day … now, with governments involved
in “Hoover Dam” everything including trading, it gets harder by the day to not
get caught in their manipulations … look no further than gold and the stock
indices, where spikes from hell in both directions come at you via the speed of
light, thank you very much POLS & Apparatchiks … we simply can’t adjust fast
enough versus the HFT’s and the scumbag banks, whose computer systems are
much more sophisticated than anything we have, or are willing to spend money
for, that is available to us at present … by the time you see it, it’s over … Friday
a perfect example of this in gold.
All of the lows for the day, put in via mystery ticks and low ball spikes … the first
low at 1507.68 nobody ever saw; it was back up in the 1509’s within a second … all
I saw was the red line down on my chart, the quote box not even registering or
showing the move down … I immediately looked over to the “market watch”
section of the MT4 and saw the low of the day … I look at my order box and it’s
approximately 1509.50 bid … all of this in less than a second … so who got the
sell stops to buy and who got their sell stops filled at the low? … to ask the
question is to answer it.
Again, this happens twice more, with the same bullshit shenanigans pulled by
the scumbag bullion dealer banks, with the worst off the low of the day in the
1503’s … that came back up so fast, if you hit the buy button it’s too late by the
time you see it … the fill is going to be terrible on the upside … and it’s even
worse if you were trading the DOW30 and a Trump tweet shows up, or one of the
Apparatchiks gets dragged out for some CNBC planted rally bullshit to punish
the shorts … good luck with that, cuz the way the DOW30 can jump nobody has
a clue within 100 index points where your fill is gonna be … it will be anywhere
they want it to be to maximize their profit and your loss, and doesn’t get them
indicted.
And trust me, it isn’t going to get any better anytime soon … only worse, multiple
times … nobody in power wants to see the rigged game change … too many
making too much money for anything that might upset things, and as long as it’s
traders who get shafted, nothing will ever change short of a blood revolution.
It’s been a while since I’ve commented on our selected 5 markets 20 Day Range
MA’s, but the way to view any or all of them is as “volatility indicators”. Right now,
everything except GBPUSD is screaming … they get much more volatile than they
are at now, and the system is gonna go full retard “TILT”!! … you’ll notice from
both gold and the SP500, New York ranges are lagging the rest of the world, and
that differential is widening … this isn’t a good thing, cuz when SHTF everywhere
else, it leaves very little of anything for New York to carve out and extend the daily
range … it leads to dealer & LP “scumbaggery”, choppy trading conditions,
higher bid/offer spreads cuz they can, and of course triple max “fuck you”
slippage, again cuz they can. Directly below, the 20 Day Range MA’s for our
selected markets.
click on any chart to enlarge
The entire premise and foundation principles of our proprietary algorithms in
these markets [ALL 5], is built upon the concept of an expanding daily range to its
20 Day Range MA … with a quarter, or a third, or a half of the day PLUS over, and
you’re coming into the market for the day where you live in the world, if you’re
coming in for a 6 - 8+ hour trading session [like New York} and the daily range is
already blown out significantly past where the current 20 Day Range sits for the
week, how are you supposed to get the needed daily extension when it becomes
a very low probability event? … for example, I come into the New York session to
start my day, which should be the most active, most liquid, and SHOULD see the
best trading conditions … I immediately notice that gold has a $25 range, and New
York hasn’t even really started yet … what the hell? … OK, so where’s it going to
extend the range to? … what level? … cuz every buck you go outward, the lower
the probability of it occurring, no matter what you think … it’s simply a statistical
fact … are you going to build a trading model around events that happen once
every 10 - 20 years? … like Tuesday’s almost $57 range? … good luck with that,
and the waiting thousands of trading days to get it!
This isn’t that big of a problem in the stock indices, as you’ll notice from the
charts above, the SP500 [and the DOW30 by extension] range differential between
the world versus New York doesn’t change that much … however, in gold it’s a far
different story … and it’s the reason I’m now starting my trading day around the
start of the European open … unless you want to be “wired” 24/5 for the week,
you have to give up something in terms of time … that time for us statistically
implies the Asian session, where most of the time when the Asian session does
see gold move, it does so near the European open … this should give us the
necessary conditions the algorithm needs to be profitable.
Since gold has exploded higher in price from around June 1, instead of almost
never seeing a $10+ range coming into the New York session, now all we see is
the exact opposite … meaning virtually every day gold has a $10+ range coming
into the New York session from overnight. And when you consider many
currencies around the world are hitting all time record highs in gold, it shouldn’t
be all that surprising.
Well, onto the week at hand … this is Jackson Hole, Wyoming week, where the
world’s central bankers, movers and shakers, POLS, and various Apparatchiks
meet and gather for high level bullshit up in the grand Tetons … get ready for
some market moving headlines from this … it looks to be another volatile week
dead ahead … until tomorrow mi amigos … Onward & Upward!!
Have a great rest of your weekend everybody!
-vegas
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