Breathtaking is all I can say … first they kill the longs, then in 7 minutes kill the
shorts … a bigger group of “criminal suits” in the world you will never find
… and of course, the biggest of them all, JPM, is right at the heart every day
scamming traders with “spoofing” and front running futures via their offshore
prop accounts … even more corrupt than Biden’s DOJ, and that’s saying
something … and as gold moves higher over time, it’s only gonna get worse!
The fact that gold can move up / down over 1%+ of its notional value in a mere
handful of minutes, tells you the pricing of it is one of the world’s biggest scams
going … and everybody puts up with this bullshit cuz there’s sooooooooo much
money to be made with it! … and the surest way to get gold to “settle down” is to
blow the order book up … meaning kill both long and shorts for the day and leave
them for suffering and dead … and that’s exactly what happened today … a fast
walk down the stairs, followed by a basket full of C-4 exploding higher … and
after it’s over and done with, there isn’t an order in sight and the scumbag
bullion dealers can chop you to death with spread + slippage.
During the active part of the day when price was moving, the “Trading Ratio” [TR]
was above 4 … after the blow up off the bottom, minutes later it started to contract
and now sits around 2 … the data merely points out what I already knew.
There weren’t any algorithm buy signals from the start of the New York session, to
the low of the day … the market in “sell mode” … but as we hit the bottom and
started the bounce, the algorithm did give a “buy” … problem was, the market is
now going straight up and there are ZERO downticks … hit the buy button and I
don’t even want to guess where the stinking fill would have been … talk about
collateral damage, this was it … now, we’re in “buy mode”, but unless gold is
gonna put in a “double reversal with big range”, something it rarely ever does,
there’s no room for price to go higher … yup, we got a few more buy signals, but
they didn’t go far … now we’re in chop.
No trades for the PAMM today, not cuz the market lacked a decent TR, or the
ranges [daily / New York session] were poor, but simply cuz price action ripped
our good signals to shreds, going through them like a chainsaw through a soft
butter stick … extremely shit fills ain’t gonna do us any good, so you’re left with
skipping them or “pay the Piper” … now, moving into the mid afternoon of New
York, unless something happens price wise, the daily is looking like it’s putting in a
“spinning top Doji” … quite frankly, this market needs corrective activity to the
downside … we all know what parabolic moves higher mean for gold eventually,
and it ain’t good … over the last few years we’ve seen a handful of these, and
every single time it leads to price disaster very quickly … what takes weeks &
months to capture on the upside, takes only a few days to take it all away … a trip
back down into the 1870’s area would be ideal, but I dunno if it can get there
… with the FED Lounge Lizards set for February 1, cuz they’d have to be awfully
“hawkish” on rates [higher for longer-er-er-er] more than the market expects … on
the other hand, history shows what happens when every last nickel of money gets
put to work in gold and everybody and their pet rabbit are long … and it doesn’t
take much for it to get ugly quick! … so, we’ll see.
As far as the version 2 trading algorithm is concerned, I’m extremely pleased with
its performance modeling price behavior … it will perform better than your
expectations in any market, but the more volatile the better … you absolutely have
to have a LOW BID/OFFER spread, and as little slippage as possible … when it
comes to FX and “Stock Bellies”, there are plenty of houses out there you can
investigate … for my money, though, Coinexx gets a GRADE F in those markets
… if you can find one you like, then you’re good to go … XBTFX & SIMPLE FX are
2 places to start, and have decent markets in crude oil and “Stock Bellies”
… check ‘em out … neither is very good in FX … I would add, though, Coinexx is
as good as anybody in XAUUSD, which is run by the LBMA … other houses ditto
… in addition, their DOW30 is the best of the horses in the glue factory in
“Stock Bellies”, and can be an alternative market when gold is quiet and dead.
… OUTTA HERE … “The future’s so bright I need 2 pairs of sunglasses 😎😎,
and my own Brinks armored truck” 💓!! … Onward & Upward!!
-vegas
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