The casino is now open for another week … “Stock Bellies” moving higher early,
natch, cuz the Chipmunks gotta be fed at the open … some things never change
… and there it is, the explosion, the Chipmunk feeding, the NDX100 taking off like
a rocket ship … 2 days ago and 500 points lower everybody and their pet monkey
selling it … now, everybody and their NEW pet monkey buying like there’s no
tomorrow … how long can this stupidity last? … well, not very long! … straight
up … loser formation … straight down and it hasn’t come for air since.
Meanwhile, can anybody tell me when the funeral arrangements are for GBPJPY?
… might as well bury the YEN while you’re at it … Wow!, unreal shitty action, and
we can’t even get to the point of minimum range for me to trade this junk! … one
look at the daily for Cable/Yen, and surely somebody killed it … amirite or amirite?
… ZH says it’s cuz this is the slowest day of a very busy week … I sure as Hell
hope so! … if it got any more “un-busy”, they might as well close it down and we
can trade penny stocks out of Vancouver … somebody wake me when the most
volatile FX pair on the board decides to wake the fuck up, smell the coffee, and
decide to trade … the last 4 days it’s been sleep walking from Hell … take a look
for yourself … directly below, GBPJPY daily candlestick.
Not that the NDX100 is any better cuz it isn’t … as I’ve said before, straight up /
straight down, is no recipe for success when there’s no definable corrective
activity … I’m not here to “guess” … today simply another one of those type of
days that make for lousy trading in the “Stock Bellies” … nothing I can do about
it … quite frankly, I’d rather trade the algorithm with pairs like AUDJPY, EURJPY,
GBPJPY, or even GBPCHF OR GBPAUD … at least at this point, risk is much
easier to control than over in the “Stock Bellies” section of the casino, right next
to Keno … but the FX pairs all have bid/offer spreads lower than 1 PIP on the VPS
server at Coinexx … however, when the most volatile of the bunch, which
currently is GBPJPY has days like in the chart above, and when it spends the
entire day with a “Trading Ratio” [TR] below 3 [close to 2!], all you can do is
“wait it out” … meaning, better conditions … if I didn’t have the chart above as
proof, nobody would believe me just how bad it is! … but, this too shall pass
… no worries.
No trades for the PAMM today … no action Monday gives way to tomorrow,
where plenty of news events start to hit, most notably Spicoli is front of the
Clown College, and data starts to make its way out from underneath the math
whiz kids … so, plenty to look forward to … as I said in the Sunday Update, v2.1
is about as close to “Holy Grail” material as you’ll ever find … how you interpret
the information, and how you execute the trades, depending on what it is you’re
trading and where you trade it, will make all the difference … meaning, when
there’s at least a modicum of trading activity, the algorithm will perform admirably
… onto to 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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