OK great, Turkey now melting down financially, and Germany deciding to go full
retard lockdown again … meanwhile, POLS & Apparatchiks everywhere doing
there best to 1) prop “Stonks” with lies & bullshit, 2) bash crypto, and 3) continue
the “Pandemic Hoax” forever to control Sheeple everywhere … outside of crypto,
is there any market they haven’t FUBAR? … [Hint: NO!]
Between Turkey & Germany, it’s a toss up which is roiling markets more … the
Asian session showing a slight bias lower in gold & Cable, but nothing major or
eventful … then comes the European open and all hell breaks loose to the
downside, and it’s a major “risk off” day except for the dollar, while “Stonks”
get protected via the usual manipulator suspects … 9+ hours since I turned my
screen on, and GBPUSD can’t get 20 PIPS either way from the point where it was
at when I grabbed the coffee … once they “monkey hammered” it lower in the
first hour in Europe, it’s been the infamous “Loser Formation” I get to watch
while trying to paper cut myself to death … and ditto for gold as well.
The major difference between past algorithms I’ve created and the MODIFIED
TUNNEL TRADING [TT] ALGORITHM I use now, and which will be released here
shortly, is its strict parameter settings for long positions [or short positions if
you wish] … trying to pick waterfall “Thelma & Louise” lows is akin to catching
knives thrown out of jetliners from 35,000 feet, and attempting to pick a top in a
melt up is no picnic either … either way, panic is fickle and has a very distinct
tendency to lose you money first before the market actually turns … there are
exceptions of course, but quite frankly if you want probability theory on your side
[and you do!], you have to model MOMO effectively first, and limit bottom or top
picking to “specific situational circumstances” … and the algorithm does that
… to that effect, today’s action in Cable was limited to calibrating those
“circumstances” when Cable is in a short term downtrend … and while hindsight
is a great technical indicator, not losing money doing “stupid shit” actually
makes more sense for your account! … see it first in real time, and then do it
… cuz the problem in today’s markets are twofold … 1) there are no rules where or
how fast any market can go up or down, and 2) when markets turn the price action
from the scumbag LP’s is brutal, and it happens at the speed of light … cuz by the
time you see it on your screen it’s too late Skippy … and that leads to max
slippage pain, which is a major problem … over in gold, it’s trickier than in Cable,
cuz the problem here is that the turn from any move, no matter how small, is quite
vicious and can really hurt you … gold had already been calibrated, but with
today’s range being “sub par” and about $11 per OZ. under its 20 Day Range MA,
AND being in “sell mode”, the opportunities to get long with high probability for
profit just weren’t there … bottom line is, I was kinda caught off guard with the
bullshit in the SP500 yesterday, and that left me somewhat behind in Cable … no
worries, it’s been examined in real time today, and I’m ready to trade Cable
tomorrow.
BTW, even Turnkey recognizes the brutal hatchet job the PAMM got yesterday in
the SP500, cuz they’ve offered a commission free trade rebate … they can’t change
the trade price, only the scumbag LP can do that, and they don’t ever do that cuz it
admits they filled it wrong [read steal money] … I bring it up cuz it highlights what
I was saying above, and that is LP’s today are deathly afraid of you picking them
off on fast price changes … so they set the slippage meter to “TRIPLE FUCK YOU”
max so you can’t do that … of course it’s dishonest, but people in power don’t care
cuz they get part of the “skim”, and it will never change … so what needs to be
present in the marketplace [any market] is some MOMO, a/k/a “buy fuel”, and you
want / need the banks and HFT’s to be on your side pushing the market in your
profit direction … absent that, you sit and wait.
Of course, the algorithm supports being long or short any market … I simply
choose to not want to be short gold or crypto … for Cable my preference is to be
long, but I’m slowly coming around to being 50/50 long / short cuz the signals are
so “Hoover Dam” good … so today, if you preferred to be short, the algorithm
gave you plenty of ammo in both gold & Cable … if you preferred to be long, the
algo said “sit”, and “sit” it was in gold … no worries, though, cuz what you don’t
lose, you don’t have to make back, and the gains for days when MOMO is there
and the algo says “buy” make Skippy a happy camper!
No trades today in anything … for crypto, most of the day in BTC was D.E.A.D.
… in the alt-coins, volumes & liquidity are drying up rather quickly, and lead to
very sharp moves one way or the other, but offer little follow through.
Tomorrow sees me in Cable, so giddyup! … outta here … “the future’s so bright I
need sunglasses”! 😎 … Onward & Upward!!
-vegas
No comments:
Post a Comment