I can only assume their wallets were fat, and they were itching to buy … anything
… doesn’t matter what, buy it! … and up, up, and away we go while on this side
of the world people sleep … I’m getting tired of the same old shit, different day
routine the Asian session brings to the trading table … and now with ranges
blown out, so that the 20 Day Range MA’s have been met or exceeded before
Europe even opens, we limp into the New York session doing NADA.
Now what? … this is not what I wanted to see on my screens as I start the day, as
everything is blown to shit and back … OK, let’s deal with it.
Now into the New York afternoon, and crude is getting stomped hard lower
… range is excellent, and that’s about all you can say positive … warm weather
everywhere has seen Natty Gas collapse, and crude can’t keep its head above
water, now back into the familiar area of $77 … chop much? … not a single buy
signal in the “Spoos” since before the opening NYSE bell, and that was over 5+
hours ago! … Asia sees it blow higher “bigly & yuge”, but of course it does
… New York can’t do Mr. Jack Squat so far, except go lower … range decent here
as well, but it’s all to the downside … only rallies all day long [so far] have been
vicious short covering affairs, which have no legs … they click off aggressive
buy signals for scalpers, but you better be quick to the scalp … my preferred
algorithm strategy does not go for the quick scalp, but it depends on your
trading perspective, the spread, and whatever slippage you experience.
Good news on the “Spoos” front … algorithm buy signal trade today in the
“Spoos” saw acceptable latency, and fills on entry and liquidation were good
… entry slippage only 0.1 index points, and liquidation saw zero slippage as I
sold the bid on my screen … this is a far cry from the bullshit I experienced at
Turnkey, so maybe Coinexx has their shit together in the “Spoos” … however, one
day’s fills does not a trend make … we’ll see if this holds, but I’m definitely
encouraged by what I see today … in a “perfect” trading world, oil CFD’s would
be like futures and there’d be no reason to trade anything else … sadly they ain’t
… but if “Spoos” can be traded like futures, and the “scumbaggery & fuckery”
associated closely with CFD’s can be held down or eliminated, then I most
definitely will trade the “Spoos” as a top, TOP priority … the “Spoos” futures pit
was where I made most of my millions from trading, so I’m intimately familiar
with the market … for years, going back to 2015 and even earlier than that, I’ve
been screaming at the top of my lungs for somebody to offer a competitive and
decent SP500 CFD … it’s been a lonely vigil! … so maybe Coinexx is the place
where I get a fair shake? … it’s always the last place you look isn’t it? … kidding
aside, I sure as Hell hope so.
Multiple trades today in gold … PAMM DOWN SLIGHTLY MORE THAN 0.1%
… got caught in 2 “false positive” trades … volume was much higher … going
forward, even though the fills and latency in gold were OK, I’ll be primarily
trading SP500 if fills and latency stay acceptable … it’s a better trending market,
and therefore gold goes to second on the list … crude is last up and until it
starts to show me something on the upside, it’s “dead money” and a chop
market.
I was literally prepared today to see any SP500 trade get murdered … while
hopeful, I wasn’t at all optimistic about our chances of good conditions
… surprise, surprise, somebody decides to make a market … about frickin’ time
since it’s 2023 … for the PAMM, this is a “bigly & yuge” development if it holds,
cuz crude oil ain’t gonna see any improvements, and gold lacks consistency,
although lately it’s been good … quite frankly, I’ve given up hope for a consistent,
good CFD in oil, and therefore the “Spoos” become my favorite choice … gold I
will still keep on eye on if the “Spoos” go soft on ranges, but I don’t see that
happening … with about an 80 index point 20 Day Range MA, this is an excellent
market to trade if conditions are right … let’s hope conditions stay “right” … onto
tomorrow.
… 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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