Yesterday was a coordinated attack on financial markets, that started in Asia
with the BOJ buying up ETF’s and working its way through U.S. “markets”
[cough, bullshit, cough], that ended up with Wall Street banks getting bailed out
again after days in a row of non stop selling … and once again I’ll repeat, “the
“Plunge Protection Team” [PPT] isn’t there to sop up selling … they’ll let you sell
and drive price lower … but when the scumbag banks tell them that the selling
pressure has abated, they come in and destroy the market on the upside, thus
bailing out the banks that bought all of the shit all of the way down ...somebody
tell me why this is legal? … explain please why printing money out of thin air and
thus causing inflation that hurts everyone not part of the global elitist empire, is
OK to bail out scumbag banks and prop “Stonks”? … why?
Of course, there is no answer that is satisfactory … you’re simply supposed to
STFU and believe that the Dopes who created the problem are the perfect
candidates to solve the problem … top to bottom worldwide, governments are
immoral & corrupt and people know it … there wouldn’t need to be crypto if
these asshats did their job, but they don’t and won’t cuz they’re corrupt to the
core, and yesterday’s clusterfark rocket ride to the upside in “Stock Bellies”
proves it.
And so here we are the day after, and “Stock Bellies” are drifting … of course
they are, cuz that tidal wave of hot money is waiting for more manipulation from
the FED … CNTRL-P & QE are all that matters, right along with the level of the
SP500, where the other day I said the FED would defend the SP500 at 4150 with a
passion … yesterday’s low was approximately 4139 before the buying frenzy
festivities got underway and the rocket took off to the upside … gold for its part,
is most likely dead money until the start of next week and Basel 3 … volumes are
pathetic and another batch of specs learn the lessons of gold the hard way
joining generations before them in thinking gold is a one-way street … all that
matters of course is that the bullion banks, most notably JPM, are bailed out of
their massive short positions by the FED right on cue.
In any kind of “normal” free market, there would be follow through overnight to
the upside … but not “Stock Bellies”, cuz there is no “normal” here … and each
passing week / month it gets worse, cuz the FED has gotten itself trapped inside
a failing financial system that needs more & more manipulation to sustain itself
… lies built upon lies that get papered with money fresh from the CNTRL-P
machine and sent straight to the banks via manipulated bond buying of treasury
securities that guarantee risk free profit … just checking, have they offered you
that deal? … NO? … hmm, I wonder why not? … oh, wait a sec I forgot, you don’t
send any “skim” back to ‘em! … BOOM!, there I solved it for ya.
Spicoli gives a speech today, along with a gaggle of other Lounge Lizards, where
it’s the usual preening & prancing before cameras to sound like there’s a “there”
there, and so don’t let any small children listen to this bullshit [climate change?]
cuz it will stunt their development and lead to the belief that lying through your
teeth every second of every day is acceptable … you want your kid to grow up
and be like a POL or Apparatchik? … didn’t think so.
Since PATREON is no longer an option for us cuz they think I’m divulging “ state
secrets” or some such bullshit and I’ve been banned, and I was going to release
to those who signed up, I’m simply going to release my research & development
here on the blog and in pdf documents when appropriate … if it’s valuable to you
then donate … there, I solved it for you! … myself and my staff [mainly the dog
who simply sits and eats deli roast beef] have run many, many simulations on
various algorithms with varying parameter changes … and while my network
system can’t rival JPM or Squid, it doesn’t need to for it to be effective … quite
frankly, it’s difficult to break down algorithms for trading cuz you need to see
them fail first so you know what caused the problem, and quite often that isn’t as
obvious as you might think … and even then, many times the difference between
one versus another is so slim you really don’t know which is best … having said
that, if you’re a trader that above all else wants SIMPLE, then I have SIMPLE I’m
gonna share with you … from my perspective it works very well in all markets,
and for those of you that “just have to trade FX” for whatever reason, I seriously
can’t find anything much better!
On the M1, HULL MA COLOR, period 13 [use other parameters in the algorithm
pdf in Download Links to get it and install], and a “smoothed” MA period 4 LOW
… at the crossovers get long / short WITH CONFIRMATION, and let the pony ride
… use spikes in your profit direction or when price stalls to liquidate … that’s it,
pretty simple. When the HULL MA has a “flatish” slope over an extended period
of time 20 - 30+ minutes, leave the market alone until it gets one. I’ll have
examples tomorrow, but there’s nothing stopping you from putting it on an M1 for
any market, along with volume MA, and MFI for added information. For markets
that aren’t particularly volatile, for scalpers it works slightly better than the
algorithm with supertrend … for day traders, the supertrend algorithm works best,
and many times the signals will coincide and neither has an advantage … let me
add, though, that I have not rigorously back tested one against the other over a
long period, only over weeks with different market trends up/down … overall, the
supertrend is ever so slightly better, but if you’re mainly into scalping I think
this configuration using ONLY the M1 is best … more on this tomorrow.
Multiple algorithm buy signals in DOW30 today … TURNKEY PAMM “UNCH’D”.
I’m gonna call this other mostly scalping algo, the “period 4” algo … our first
signal was a “false positive” on the supertrend algo that cost us, and then I
switched to the “period 4” algo and essentially made it back minus commissions
… so basically unch’d. The “period 4” algo most of the time is slightly quicker on
the signal, and that allowed us to take advantage on a slight up move … if I had
switched earlier, we wouldn’t have made the first “false positive” trade … now into
the New York afternoon, slope on the HULL on the M1 is mostly moving sideways,
and has been for the last hour & a half, so I’ve moved to the sidelines ‘til it gets
one … if we get to 3 PM EST with no change, I’ll stop for the day, cuz that’s my
cutoff point … I want no part of the last hour of “scumbaggery” from the usual
suspects in “Stock Bellies” … gold for its part, as I said earlier, is probably gonna
be a minefield until next week’s open and we’re into Basel 3 … until then, it’s a
real crapshoot.
Over the next 5 - 10 days, I’ll post a pdf for the “Period 4” algorithm so it’s in hard
copy, but tomorrow I’ll have more info for everyone … today sees some people
on live chat, but let me remind readers that when you show up give me a few
minutes to reply and/or show up … don’t sign in and then 30 seconds later log
out ... cut me some slack here and give me a few minutes to respond.
Over in crypto, multiple trades in ONTUSDT, and “The Syndicate” is up
approximately 0.15% … until BTC turned around from under 30K, it was a very
rough trade, with not much on the upside … let’s hope there’s more to this
turnaround and the days ahead can produce some good gains on the upside for
the alt-coins … not a lot to cheer about lately in this space.
Outta here … “the future’s so “GOLD”-en bright I need sunglasses”! 😎
… Onward & Upward!!
-vegas
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