“Oh you beautiful market you!”
I got an email from one of my readers late yesterday afternoon, one who has the
new e-book, “Trade For A Living!”, and basically stated that I should check out
the FTSE100 @ Turnkey [CFD symbol: 100 GBP], cuz it has one of the lowest
spread costs anywhere, trades from 01:00 - 24:00 daily, is of course priced in
GBPUSD, and most importantly, the algorithm “nails” this market perfectly going
as far back as the M1 history on the MT4 will take you … more stable than the
U.S. Indices, but still moves, and has better consistency than the DAX30 … and
in checking the charts, it is in fact a great market to trade … Turnkey’s trade size
is “1 lot” = 1 * the index, and Turnkey allows fractional lot trading, so the
minimum order ticket is “0.01 lots”, which means any size account can trade this
… by comparison, the FTSE100 CFD at both PRIMEXBT & CRYPTO ROCKET
ARE MISPRICED, and are far more expensive to trade, so if you’re gonna trade
it, Turnkey is the place.
I must admit, before I got the readers email, I have from time to time wandered
over to the FTSE100, and years ago traded it when the DAX30 was dead and U.S.
Indices were totally mispriced everywhere … and don't forget, here shortly
PRIMEXBT will introduce their binary options platform, known as
“Turbo PRIMEXBT”, and just cuz the CFD’s are mispriced doesn’t mean the
options have to be … we’ll see.
The algorithm does run extremely well in the FTSE100 … although I didn’t trade
it this morning cuz I was observing it in real time, it’s a market I could get up early
and trade with confidence, the algo is that “Hoover Dam” good … so, look for
some FTSE100 trades going forward … more on the FTSE100 CFD [100GBP] in
tomorrow’s blog.
OK, the dopes at the FED just cut interest rates by 50 basis points … yup, that’ll
solve the flu pandemic won’t it? … what if, after the euphoria dies down, the U.S.
markets start to go “Thelma & Louise” again? … where’s your ammo now?
… quite frankly, just another milestone on the way to negative rates, cuz
remember, “never let a crisis go to waste”! … Kuroda isn’t gonna like this at the
BOJ, after blowing how many trillions of Yen on Friday, manipulating gold lower
cuz he didn’t like the fact that gold hit a new all time record high price against the
Yen … remember, POLS don’t like it when gold is in the news, cuz it makes them
look impotent … “nice trade there “Peter Pan”, keep up the good work”!
Could we please just have days where everything isn’t bat shit crazy, and trading
norms have some rules? … asking too much? … good grief, the entire world has
gone fucking crazy … since the FED rate cut earlier today, gold simply insane
… come & play and risk $10 to make $1, as for the last 4 hours and counting the
M1’s “average” range is about $3 - $4 … so miscalculate and be off by 2 minutes
and get wasted … no thanks, you simply got to walk away when shit gets like
this, otherwise you hand money away for literally nothing in return.
One algorithm trade today, TURNKEY PAMM / MAM UP SLIGHTLY.
Strictly from a signals perspective, the algorithm in gold today worked
excellently … seriously couldn’t ask for better signals … but logistical problems
are always a problem in gold, and with today’s FED emergency rate cut …”cuz
you know, greatest economy in the world and the “fun-durr-mentals” are strong,
so we’re gonna cuts rates by 50 basis points … what”? … well conditions not
very good for trading unless you like 1X10 reward / risk ratios … like I said, just
fucking insane price movements, indicative of either panic buying or panic
selling, often times within minutes of each other … simply don’t need this shit
folks … lately it’s been either completely dead or bat shit crazy … neither is any
good … Friday we saw gold with an almost $90 range, and today so far, it stands
at $63 … seriously, WTF is this? … this is just “stupid” on steroids.
Outta here early today … until tomorrow mi amigos … Onward & Upward!!
Have a great day everybody!
-vegas
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