Welcome to butt ugly! … it’s not nice to fool with the manipulators in gold and
expect to “buy & hold”, and then see profits … and so, you must be punished
for your crazy thoughts that FED policies aren’t in your best interest and that
you can profit off of their stupidity … “silly rabbit, Trix are for kids”! … and so the
rate increase hype is in full swing, with market expectations for interest rate
increases by the Lounge Lizards now at THREE HIKES IN THE NEXT 12 MONTHS
… yea sure … proving once again you can never let a crisis go to waste, and the
“Rally Protection Team” [RPT] is leading the way for the benefit of the scumbag
bullion dealers, who are now buying pet rocks back from you, sold to you much,
much higher … Congrats! … you’re a player in the “Comex Con Game”!
And for the third day in a row, gold is getting beat worse than a baby seal at a
Japanese whale hunt … by my ciphering with my shoes off, gold down about
$80 in 72 market hours! … and so far, I don’t see any signs of a “blow off”
bottom where sell stops get crucified, and instead it’s been a steady drip / drip
lower … after a run like this lower, given gold’s sordid history, there almost has
to be some sort of bloodbath at the bottom … and it’ll be spec blood hitting bank
champagne glasses going “clink” … “yes, Christmas has come early for the
scumbag banks”!
So what’s the next “crisis” government is going to create to stifle jobs, growth,
& prosperity? … and why not, with “Taliban Joe” at the helm everything he
touches turns to shit almost immediately … “Hey Dipshit, how did that SPR oil
release go for ya? … right, crude immediately rallied $2 … all they do and all they
know is how to “fuck up”, so what better group of misfits to usher in a new crisis,
so that the FED can have cover and keep tapering, and most importantly keep
the CNTRL-P machine going “Brrrrrrrrr” … cuz the dity little secret is, the math
says interest rates CAN’T GO HIGHER, CUZ IF THEY DO THE GIG IS UP FOR
THE U.S. … who the hell buys the debt when it’s in the QUADRILLIONS?
… “endless pandemics & crisis lockdowns as far as the eye can see! … life as
you knew it will never return to normal, they’ll see to that … dictatorship, for your
own good of course, is right around the corner”!
An important part of the “Crytpo DragonSlayer Algorithm” [CDSA], if you’re
scalping from the LONG side of the trading equation [I do], is to “walk away from
gold if the range for the day surpasses the 20 Day Range MA on the DOWNSIDE
[remember, gold is a quasi crypto pair!] … this is true in other crypto pairs as well,
like Ethereum [ETH], but there are “special circumstances” where that is ignored
in a pair like ETHUSD … not so for gold cuz of the dynamics of 1) the “Comex Con
Game” being run by the RPT & banks, and 2) the historical nature of gold in
seeing extremely “messy” bottom events … and trust me, I’ve seen “messy”
bottoms and nothing consistently beats gold in that department over the last 50
years of trading in the modern era … legit crypto pairs have their “moments”
[see May 2021], but that’s more of a “one off”, and not a consistent habit … with
gold it’s an “institutionalized” Grade A+ Clusterfark!
Currently, the 20 Day Range MA is at about $23 … that means a break of 1790 to
the downside sees me abandon scalping for the day from the long side … why?
… cuz you’ve entered an area of trading that can really hurt you if you’re wrong on
the scalp trade, far and above normal scalps … it’s simply a mechanism for
adequately managing risk properly, without getting an arm & a leg taken off with
a chainsaw in seconds … and a quick look at the daily chart, and you’ll see dotted
over the landscape enough “big wampum” days to the downside where your ass
has the heightened potential of getting handed to you shredded up … and for the
third day in a row, WE’RE THERE AS I WRITE … remember, first don’t lose, THEN
MAKE MONEY CUZ IT’S ALL THAT’S LEFT! … and for the most part, the same
goes with the other crypto pairs as well.
That’s not to say you can’t have small rallies, and maybe you can make a buck or
two … the problem is the risk when the price turns and the red spike shows up to
the downside, cuz the truth is in this part of the trading “Twilight Zone”, anything
often will happen and it won’t be pretty … there are no rules in here out in this
paradigm and you simply have to recognize that or they’re gonna take your
money away, so don’t play like there are some! … just walk away and save
yourself the heartache of getting caught on the turn cuz it can get “ugly” real
quick … and then what? … now what’s the strategy? … right, there ain’t one!
There’s a big difference between “bottom pickers”, and those that scalp from the
LONG side after price declines … and that difference is bottom pickers get
destroyed when price just keeps going down, cuz they pay no attention to the
concept of “buy fuel”, and most of the time have no idea how markets actually
function or why … it sure as hell ain’t “fun-durr-mentals”!, it’s order flow, and
where the scumbag banks are positioned.
On days like this, you’ll also see more sharp spikes higher that go nowhere
… 1) shorts panicking, and 2) banks selling the spike and fading the move … but
the spike itself cause many traders to think, “ah ha, finally here’s the bottom and
I can get long now for the move up! … well, on “normal” days that would be a yes,
but not in here on days like this, cuz nobody has any idea where this shit will stop
to the downside once the freight train gets rolling … and if you’re long you don’t
want to find out!
By CDSA rules, only one algorithm buy signal today in gold … TURNKEY PAMM
UP SLIGHTLY … we will usually get many more than one, but on big down days,
we’re forced to the sidelines when gold broke 1790 … now, only a move above
yesterday’s close [1804] will see me start to trade again from the LONG side on
algorithm signals, and we ain’t nowhere near that … and for the last hour as we hit
NOON in New York, gold is hugging the 1782 mark and looking like dogshit
… anything can happen of course, but this ain’t how bottoms in gold look … no
way, no how … will Mrs. Watanabe & Gal Pals, along with the “Chuckleheads” in
the Asian session attempt to move it higher tonight? … or do we see them puke
good & hard?
Over in crypto, “The Syndicate” UP APPROXIMATELY 0.3% trading ETH on
multiple algorithm buy signals, but it’s been a somewhat disappointing day
… every single one of my long scalps rocketed in mere seconds after I
liquidated … every one … and while I B. I. Itch about it, in reality I don’t care
much cuz money is money and keep stacking the stack higher … that’s what
it’s all about!
Before I go for today, I’m pleased with the trade in gold cuz there was no slippage
and latency on fills were very good … so no complaints … I give them shit when
they deserve it, and I also give them credit when it’s called for … I try to be fair. I
think gold will be a good quasi-crypto pair to trade going forward using the CDSA
… today kind of a special circumstance cuz it’s a big down day, but overall I’m
excited about trading gold with the algo cuz it models price & volatility behavior
better than anything I have ever created and/or developed … you just have to step
out of the way on big down days and let gold do “its thing”, cuz that’s when it
really hurts people who trade it … they treat everyday the same and you can’t do
that! … it will be really interesting to see how the Asian session starts tonight in
gold … don’t be surprised to see a big flush of the toilet followed by a very nice
rally, but if they can’t do it in the first hour it might come later in the day in mid
morning Europe or the start of New York trading, where the RPT is infamous for
“slam jobs” on futures around the 8 AM EST period … we’ll see.
… outta here … “the future’s so bright, I need sunglasses! 😎
… Onward & Upward!!
-vegas
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