It has always been a favorite trick of government & the “moneyed class”to change
the rules of the game mid-stream, so that the so called “right people” are the ones
making money … guess where your place is at on this totem pole? … long before
government ruined the Hunt Bros. in conjunction with the COMEX, in the infamous
silver debacle back in 1979 - 1980, today’s latest example can be found with “Wall
Street Bets” [WSB] … in the history of U.S. financial regulation, I don’t ever recall
a fraud uncovered BEFORE the “right people” [that would be you] got hosed
… think REFCO, STOTLER, PFG BEST, & MF GLOBAL for starters … and lately,
JPM in precious metals, who has been fined over $10 BILLION dollars over the
last decade while making a cool Trillion, for trading abuses, and of course
nothing ever happens … and in case you’ve been living on Mars for the last 10
years, and simply don’t know, any person a citizen or resident of the U.S., is
treated like a LEPER by the world financial community, and they want nothing to
do with you … while the rest of the world enjoys financial freedom, Sheeple in
the “U.S. of China” are lumped in with Yemen & North Korea.
I had planned on addressing a bunch of things today, but some international
events behind the scenes has come to my attention, and it forces me to address
them now rather than later … I’m gonna have to delay the release of the algorithm,
PATREON, & “live chat” to sometime in May … hopefully sooner rather than later,
but I can assure you IT WILL HAPPEN … I need some answers from some well
placed sources, and Friday in Spring ain’t the day to get them … hopefully next
week I can get the answers I need, cuz that will greatly influence the markets I
will focus on going forward … I don’t want things to be in “flux” as I bring this
project to fruition … at worst, there might be minor changes, but on the whole
things will progress … I simply want to be able to give my readers accurate &
truthful information, and not simply guess and then be wrong … so, hang onto
your “big girl panties” everything will proceed, just a little late is all … and when
I finally have “answers”, I’ll be able to freely discuss what’s going on and how
I address it.
One important item I want to reiterate, is that the trading algorithm can be used
in ALL MT4 OR MT5 TRADEABLE MARKETS … the key element, though, is
volatility … you pick a market that is basically dead, has very small ranges & very
little action, and then expect the algorithm to make you money, you’re gonna be
disappointed in the results, if not outright pissed off … that won’t be the
algorithms fault, that’ll be your fault! … as we all should know, markets ebb &
flow in terms of volatility [VIX], and what’s great today may not be nearly as
good tomorrow … e.g., last summer when Bitcoin was at about $6,000 I
remember some days it didn’t even have a $100 range for the day … now look at
how “bat shit crazy” it is … I can remember month after month where the DAX30
had 20 Day Range MA’s of over 250+ index points … looking at the last few
months, it ain’t anywhere near that … so, ALL markets go through this, and it’s
important you have a mix of markets that can be traded, so at a moments
notice, you can switch and trade something that will “bring home the bacon”,
and not sit there and watch paint dry, like FX these days!
To that end, one thing will be certain … and that is, TURNKEY will be at the
center of that trading, for me as well as the PAMM! … granted, I have given them
a ton of shit over time, but in their defense it’s almost always been the LP’s, not
Turnkey itself, that’s the problem … to their credit, they do listen better than any
other brokerage house I’ve traded at, and have instituted some changes I’ve
recommended, something other houses haven’t done … they just stick with
what’’s not working … but with the changes made here recently with Bitcoin,
and the subsequent pricing of trading it with Turnkey versus other venues, it
makes the decision to make them a cornerstone of trading much easier.
As things stand now, here is how the different markets break down on the MT4
at Turnkey … 1) FX … currently abysmal in every pair across the board
… GBPUSD [Cable], if it ever can get its shit together and get a 20 Day Range
MA ABOVE 100 PIPS would be nice, but the entire space suffers mightily from a
manipulated lack of volatility, thank you very much central bank manipulators
… even with razor thin total costs [spread + RT commish] of less than a PIP,
you’re gonna ideally need to see ANY FX pair have to have CONSISTENT 100+
PIP range days … not once every 10 trading days, but every “Hoover Dam” day
… Cable sees a 150+ PIP range today, but what good is it, when there’s no
CONSISTENCY OF VOLATILITY? … 60-ish PIP ranges and then we had yesterday
at 44 PIPS, and so how is anybody supposed to know today sees 150+ PIPS and
trade accordingly? … you simply can’t win in this scenario, cuz you’re
constantly wondering if the day is gonna be shit or worth something … screw
that! … it’ll drive you to the nut house! … believe me, I know how it goes … you
hang on to a position and the day turns out to be 44 or 62 PIPS for a range, and
you beat yourself up for not taking a tiny profit when you had the chance, so
next day you scalp out of everything and there it goes! … congrats!
2) GOLD [XAUUSD] … total cost to trade is as good as it gets via Turnkey, and I
don’t think you’ll find another house with better conditions … of course, the
problem here is heavy, heavy central bank sell side manipulation AND SLIPPAGE,
especially on buy / sell stops at century marks in price … if gold can
CONSISTENTLY MAINTAIN $20+ 20 Day Range MA, it can be traded … however,
lately the 20 Day Range MA has been contracting, and with today’s pathetic
$9 daily range [so far, but it’s Noon in New York], currently it’s at approximately
$20 & change, just slightly above that crucial benchmark … of the last 11 trading
days, trading action has been terrible, and the daily ranges contracting, and
today takes the proverbial cake with not even $10 to show for the entire
stinkin’ day!
3) Crude Oil CFD… waste of time, cuz it’s a rip off … 4) “Stock Bellies”
[a/k/a stock indices] … the ONLY index that can be CONSISTENTLY TRADED is
the DOW30 CFD … all other indices suffer from high spreads & unacceptable
levels of slippage … spread is usually 1 - 2 index points with an approximate
RT commish of 65 cents per 1 lot per side … 5) Turnkey Crypto … only BTC &
LTC [LiteCoin] are candidates for trading, cuz ETH & BCC have spread issues
… AND 6) Other Crypto … All coins on BINANCE & PHEMEX ARE SUPPORTED
BY THE ALGORITHM, but again you need to consider spread + “gas fees” and
see if trading a specific coin makes sense.
Starting Monday, when I come in near the European open, my pick of markets to
trade for the PAMM will be gold, Cable, DOW30, & Bitcoin … and if for some
reason none of these 4 markets are moving, then nothing else will be moving
either so it won’t matter … just as an aside, I’d love to trade crude oil, but
as history has shown, the CFD’s are an industry joke, with inconsistent and
volatile spreads from scumbag LP’s … nobody has ever been able to offer an
OIL CFD that makes sense, that didn’t last but less than a week with their initial
costs … then, out of nowhere, here comes the cost hike that never goes away,
and we’re stuck with a piece of shit CFD … so, it’s not worth the effort to even
watch it.
Today sees one algorithm buy signal in the DOW30 … TURNKEY PAMM UP
SLIGHTLY.
As little as a couple of months ago, the DOW30 had a 20 Day Range MA of over
450+ index points … today it stands right around 250 index points … and
looking at today’s range, that’s right where it stands as we move into the New
York afternoon … and for the 11th trading day in a row, the DOW30 has been
trapped inside an approximate 400 - 450 index point range … quite frankly, I have
no idea how long this gigantic financial “Stonks” bubble can last, but the FED
seems hellbent on fueling it much higher … they really have no choice but to
print, PRINT, AND PRINT SOME MOAR! … they talk rate hikes, and they talk
ending the tapering [bond buying], but somehow IMHO will never get around to
it, cuz there will always be some “bogeyman” around the corner so they can
remain in dovish mode … cuz they also know, the next crash in “Stonks” will
end the system as you know it, and that’s why they are so terrified of even the
smallest break in price … “got to nip it in the bud, lest Sheeple get nervous, and
that’s when it can slip out of their control and then it’s ALL lost down the rathole
very quickly”!
With these 4 markets, PAMM trading will noticeably pick up starting Monday, and
quite frankly the trading algorithm works beautifully in all 4.
Over in crypto, multiple algorithm signals in ONTUSDT today … “The Syndicate”
UP APPROXIMATELY 0.45%
Coming right out of the European open, some very good ONT buy signals … TRX
looks to be slowing down some and losing volatility [much like Cardano has
these last weeks going back to February when it had the “Mary” hard fork] … no
problem, I simply switched to another of my favorite coins, which is ONT
[Ontology] … as for BTC, at about 9:30 AM EST [NYSE open] it just took off to the
upside … 2 hours and $3200 later, and as I’ve always said after a big move in
anything, when it corrects YOU DON’T WANT IT! … granted, it was an OPEX
today, but still that’s a monster move that went STRAIGHT UP with ZERO buy
signals along the way.
Blog update on Sunday … outta here early today … “the future’s so bright I need
sunglasses”! 😎 … Onward & Upward!!
-vegas
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