“And we are right here, right now!”
And the literal “Dopes” the Sheeple of the U.S. elect each election cycle, looking
for any and all free shit they can muster, continues unabated … the goal is to
accumulate as much money and free shit as possible before it all ends in the
largest, most gigantic, financial & social collapse the world has ever seen
… corruption breeds more government and more free shit, so that the votes keep
coming in … cuz if you ain’t “with us” you’ll miss out on all the free shit
… meanwhile, truly poor Americans and those of traditional minority ethnicity,
especially in inner city hellholes, get played and taken advantage by the same
Libtard POLS that keep coming around every 4 years and promising everything,
and literally delivering nothing … this time around in 2020 will be no different.
And it all spills over into the trading arena, where corruption is rampant,
criminality common place, and everything just hums along cuz nobody sees
nuttin’, nobody knows nuttin’, and nobody hears nuttin’ … the only question
before any of us who trade for a living is,”what are the manipulators doing and
how can I effectively piggyback the process for MAX profit”. … nothing else
matters anymore.
Markets quiet overnight, especially stock indices, as China gives zero guidance
being off for Holiday … nothing like celebrating the fact millions of people were
killed by Mao and crew, and now you can celebrate the “enlightenment” … what
a fucking sick joke … almost as big a joke as the U.S., where apparently we’re in
some kind of contest of who can be bigger hypocrites, the Chicoms or Libtard
DEMS in the U.S. … EXIT QUESTION: “what’s sicker, pretending to uphold the
rule of law as you’re breaking it, or murdering millions for a lie”?
As ZH pointed out on Monday, “Golden Week” in the last number of years has
seen gold get “monkey hammered” almost each and every year … now include
this one … gold longs getting unmercifully squeezed out via sell stops as market
momentum moves lower on heavy selling … next level of support is around the
1440 - 1450 level, and if that gives way, all the way down around 1400 … and while
many will scoff at the idea of gold getting hit hard in the days/weeks ahead, this
market has a way historically of killing people with opinions about how high it
has to be, while discounting the effect of just how low it can go … and in that
process, destroys accounts beyond belief, more than all other markets combined
… not predictin’ it’s gonna this time, just sayin’ for the record for some historical
perspective.
I want to expound a little bit on why the 20 Day Range MA’s, that I put up on the
website each Sunday during the blog update, are so important … they’re not just
numbers I put up so you can go, “oh, that’s nice … what’s it got to do with the
price of tea in China”? … they are indirect measures of current volatility [VIX],
and very quickly in visual format you can get an idea of where things are going in
terms of VIX … that in turn, gives you a very good idea of what to expect during
the trading day, and more importantly how it impacts the “Trading Course” [TC]
algorithms … it should be no surprise, that the lower the 20 Day Range MA is for
any market, relative to its history, the more “false positives” the market will
subject you to, and the higher the MA the better the probabilities of the market
giving you an algorithm signal and the market moves in your profit direction … in
addition, given the larger range, the better your ability to recover and recapture
any money lost on any losing trade during the day. So, as your looking at the
charts I put up, don’t just look at them as numbers, dive deeper and understand
what they really mean to your trading.
Well, nothing like a “sigma” miss on an economic report to get markets to gap
… and gold of course takes the bait, as I guess everything is good again with
gold, so everybody can now buy back gold that they sold on sell stops below 1478
to the scumbag banks and play the “Comex Con Game” for the gazillionth time
… cuz quite frankly, that’s what it feels like … and when you get a market that
goes straight up, right almost exactly to its 20 Day Range MA, even when it
corrects, it’s O.V.E.R. for the day, as there isn’t anything left but to chop around
and hand the scumbag bullion dealer banks some nice slippage for playing
… and sure enough, as soon as gold topped, it backed off and hasn’t done shit
since … if you think this is a coincidence, I got some beachfront property for you
for sale in Kansas.
Once again today, for the third day in a row, gold completely untradeable,
especially after the ISM report … if you like 20 cent bid/offer spreads combined
with 20 - 50+ cent slippage on fills, if you’re lucky, then gold is for you, and the
thieving LP’s at Turnkey will be happy to accommodate you off the market and let
you play … all gold has to do is go in your profit direction $1, and maybe with
slippage getting out, you’ll break even or make 2 cents … some deal … no thanks
… the stock indices no better from the long side, as the algorithm had no buy
signals today … the DAX30 got destroyed today, and again no buy signals in here
as well, although selling the DAX30 on sell signals would have made you a small
fortune … Cable being Cable and it is October, so BREXIT is front and center with
a Halloween deadline, and that means the mistress funds have got to have an
early Christmas … not to disappoint, Cable soared and then went
“Thelma & Louise” on Irish backstop news, and then an E.U. denial a little while
later … shouldn’t be any surprise why I’m avoiding this shitbox until BREXIT is
over and buried one way or the other … “thanks, but I don’t feel like contributing
money to your ugly mistress”.
Well, since crude oil & the Hang Seng are out of the question at Turnkey cuz they
are complete ripoff CFD’s, that leaves 8 markets to trade algorithm signals today
… the DOW30 and the SP500 a complete joke at Turnkey, with bid/offer spreads
changing faster than “The Wheel of Fortune” … hit the buy/sell button and close
your eyes for the fill, cuz I guarantee you aren’t gonna like it … throw in “Vito
Corleone” slippage to make the suffering complete, and let me know how your
day was … that leaves 6 markets … the NDX100 offering no buy signals, despite
the feeble rally off the low in the last 90 minutes of trade .. down to 5 markets,
subtract gold cuz it’s insane, and we’re at 4 … take out GBPUSD & EURGBP cuz
of BREXIT horseshit, and that leaves 2 … I don’t scalp / trade silver cuz I’m not in
the insane asylum [yet], and the DAX30 had ZERO buy signals today … OK, time
to do laundry I guess!
Again we see, “speed of light … crickets”, with gold offering the key today,
sucking back in every last gold bug in Hooterville … and now a few hours later,
back under 1480, having dropped between $9 - $10 off the panic high … again, the
20 Day Range MA playing an important role in algorithm buy signals, cuz while
there were a couple after the high was put in, where’s the market gonna go after
most of the “buy fuel” got used up … you simply can’t count on extended ranges
past the 20 Day MA for the week, cuz if you do you’re fighting the probabilities
against you … think about it.
Onto tomorrow … how it can be any worse than the last 3 trading days, I dunno
… given these reports, along with FED PIE HOLES speaking, it’s a wonder
markets can even trade period, and then of course on Friday it’s NFP time once
again … oh fun, oh joy … of course, it would be nice if the Jackals at Turnkey
could make an honest and fair market, instead of screwing everybody 24/5, but
that’s not gonna happen anytime soon … I’m here to make the trades off
algorithm signals, but I’m not here to hand out bags of free money to scumbag
LP banks.
Until tomorrow mi amigos … Onward & Upward!!
Have a great day everybody!
-vegas
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