Before I get into it, a little bookkeeping for the week ahead. Directly below the
20 Day Range MA’s for selected pairs.
A few things to take note of from the table … 1) I’ve included GBPJPY & EURJPY
starting with Q2, 2) I’ve deleted 2 crypto pairs, Solana [SOLUSD] & Polkadot
[DOTUSD … the crypto alt-coins have completely dried up, and while there are
still price swings, volumes & liquidity are terrible … and when I say terrible, I
mean literally TERRIBLE, to the point there are no offers on the way up and no
bids on the way down except for a few coins … if you tried to trade volume, you’d
get killed on fills, so why continue to follow them … 2) Remember when
Preezy Idiot Boy stated that he would turn the Ruble into rubble with sanctions,
and then chuckled and gloated about it? … who’s laughing now Dumb Ass, cuz
it ain’t Vlad? … but of course, this comes from Biden, so like everything else he
has ever predicted about anything, the Russian Ruble is as strong as it’s been
in over a decade!
The trading algorithm is gonna be released next Monday [Memorial Day], May
30th, sometime in the morning … everybody will be able to download the Adobe
PDF from “Download Links” … IT’S FREE, AND COMES FROM MY SHARED FILE
FOLDER AT BOX.COM … no tricky gimmicks like wanting an email address, or
anything else … you can either read it online or download it to your device with
any PDF viewer … I’m doing this cuz it will have ZERO EFFECT on my trading,
and cuz there are so many markets to choose from … it has everything you need
to become profitable in whatever market you choose to trade on the MT4 … today
I want to highlight a few things.
First and foremost, COST OF TRADING [spread + any commissions if any]
MATTERS! … choose a high spread / high commission broker and attempt to
short term trade, and most assuredly they will eat you for lunch! … there are a
million places you can trade FX … overall, FX offers the best space to short term
trade … you want good VIX and LOW COST, and you want [can’t get it 100% of the
time] ZILCH TO LOW SLIPPAGE … and while you think this will be easy to
calculate and analyze, it isn’t … just from my experience at Turnkey, the 3 major
dollar pairs [EUR, GBP, JPY] are often “slippage machines” inside low ranges,
while the 2 crosses EURJPY & GBPJPY “usually” [not always that’s for “Hoover
Dam” sure] are very good to excellent in terms of spread AND slippage … on the
other hand, Turnkey is a literal NIGHTMARE in world stock indices … their quoted
spread is a frickin’ joke compared to your ultimate fill … meanwhile, SIMPLE FX is
about as good as it gets in spot gold [XAUUSD], CRUDE OIL, AND STOCK
INDICES, but very sub par in FX, and an outright disaster in anything crypto … I
recommend you first figure out what it is you wanna trade on the MT4, and then
demo some places to see which is the best … when you’re ready to go live, only
deposit a small amount of funds and trade very light … this is so you can gauge
how their spreads are moving and if you’re getting ripped off via slippage.
The trading algorithm is geared SOLELY TOWARDS SHORT TERM TRADING ON
THE M1 CANDLESTICK CHARTS … most likely your definition of “scalping” is
different than mine, ditto for the term “day trading” … as I stated, the trading
algorithm can be used in every MT4 market, but it is particularly suited and
developed for world stock indices & FX crosses … it can be used in metals &
energy, but IMHO IT DOESN’T WORK OPTIMALLY CUZ OF VERY LARGE
SLIPPAGE AT TIMES WHEN SHTF … and while SHTF can happen in any market,
causing large gaping price changes quickly, gold & crude oil certainly have their
overweight share of the carnage compared to stock indices and/or FX.
You can use the algorithm for both LONG / SHORT POSITIONS, it has no bias
either way … the manual covers both … however, I would simply mention that
U.S. stock indices, despite their current “Thelma & Louise” behavior for price
erosion, still operate in the “88/6/6” paradigm of trading, which heavily favors
long positions consistently more than short positions … having said that, pretty
much all of the YEN crosses to some extent are “risk on / risk off” [RORO]
proxies, the most obvious being AUDJPY, NZDJPY, EURJPY, and GBPJPY.
For example, this year [2022] there have been so far 99 trading days … 10 big UP
DAYS, 9 BIG DOWN DAYS, AND 81 DAYS OF “A little song, a little dance, a little
seltzer down your pants” in GBPJPY … well, for “risk off” [making a killing on
the short side], that’s roughly slightly higher than the back “6” of the stock
indices paradigm that goes back 30+ years! … but the algorithm shows you how
to deal with days like this, and what has to happen in order for that to occur.
Taking just GBPJPY, I’m looking for those opportunities that give me a very high
percentage probability of seeing either “buy fuel” [long position] or “sell fuel”
[short positions] show up in the market that yields a profitable trade IN THE
SHORTEST TIME POSSIBLE … that could be within a minute or two or it could be
much longer if the market runs without slowing down … once out, rinse repeat
the rest of your session … I’m not interested in “positioning” for longer time
periods cuz greed kills … in the documented history of my personal trading, I’ve
made millions from short term trading … and over the last several years, it’s been
a very big challenge dealing with 1) central bank manipulators that started in
earnest in January 2015 with the EURCHF debacle, that has resulted in the
manipulators going after VIX, 2) the entire BREXIT “shitshow circus” in Cable,
and 3) the absolute insanity of the BOJ in attempting to “massage” YEN
movements … then there’s the issues of insanely gyrating bid / offer spreads
ALONG WITH SLIPPAGE that the scumbag LP banks use to make sure you can’t
pick them off for profit … ESPECIALLY IN CFD’S! … and in this nightmare it
seems like it never fucking ends, the bullshit the banks throw at you from every
direction including the “bait & switch” horseshit Turnkey is infamous for [they
ain’t alone!].
This last week, watching markets in real time and analyzing the algorithms
performance, I noticed some “lags” I didn’t think were there, and so I made some
minor adjustments in key algorithm components, and statistically analyzed
“buy fuel” and “sell fuel” signal parameters … got rid of some “false positives”,
and more importantly zeroed in on the most profitable signals and concentrated
on them for analysis while cutting others that “didn’t make the cut” … no matter
which market you choose, there will be plentiful signals, and if you miss one or
don’t like the setup, simply wait for the next signal … it will be here a week from
Monday [tomorrow]!
Onto the week! … outta here … “The future’s so bright I need sunglasses”!! 😎😎
… Onward & Upward!!
-vegas
No comments:
Post a Comment