BEWARE, THE “EXPERTS”ARE OUT WITH PREDICTIONS

“I’m a TRADER, I follow reality!!”

Surfing the internet this weekend, the locusts have returned! … not the kind that

come out of the ground every 17 years, the kind that show up after major price

moves in major markets and hawk predictions … go back 45 years to 1979, and

you’ll find the same broad “gold is going to $5,000 very soon” articles

everywhere, along with silver is the new gold … and “Stonks”? … well, it’ll be

another 3 years [1982[ before “Spoos” futures trading starts, but generally

speaking nobody but nobody cares about “Stonks” … EXIT QUESTION: “So,

who predicted this for the next 45 years? … try NOBODY!”

True trading follows reality, and the ability to shift gears constantly and

consistently when criteria changes … it takes the ability to realize you’re trading

numbers and nothing else, that repeat chart formations endlessly along with 

emotions over time … you aren’t trading a market per se, you’re judging human

behavior that endlessly repeats … over time, only the names change, cuz there’s

nothing new under the sun! 

That wasn’t much of an overnight session to say the least … one of the most

boring in recent memory … and of course, we’re all still here, with Iran and Israel

having their snowball fight while useless diplomats chew their fingernails … and

if both aren’t careful, they’ll both be put on “double secret probation” by Twits

who think they have any say in the matter.

First, playout war in the media letting the other side know in advance what you’re

doing … makes no sense if you goal is to win, but since when does any western

democratic power want to win anything? … the idiot criminal in the WH thinks

you lob snowballs, and whichever side lands more snowballs inside the others

space wins! … then declare “victory”! … XI & Putin must be laughing their

collective asses off at this … meanwhile rates on the 10 YR stay comfortably

above 4.6%, which makes me wonder just who is that fucking stupid to loan the

Banana Republic money at that rate, given inflation, taxes, and loss of

purchasing power?

Gold and silver “dead cat bouncing” today, the “Spoos” not liking higher rates

[finally] … crypto simply fucking around and awaiting the BTC halving tomorrow

or on the 17th … from the way the “Spoos” are acting, this is the second day in

a row of the back “6” of the paradigm … given we went up about 1,200 index

points on “Hopium” for lower rates, and they’re not coming anytime soon, WTF

is the index still doing up here in the clouds? … CTA positioning is heavy LONG,

so look out below cuz it may get nasty before it gets better … a couple of hours

to the close, and hanging in RM=4 territory on the m15 for over an hour for the

“Spoos” is not a positive development … you don’t normally get an hour to

buy the low!

We started the open off with a rally, which to be quite frank made no sense given

the move in rates higher off of the retail sales number … then Bingo!, Bango!,

Boom!, here comes the sellers … from there, it’s been non stop selling all day

long, and while me may or may not get a “Plunge Protection Team” [PPT} bogus

rally in the last half hour or so, this is the second day in a row in the back “6”

of the trading paradigm … onto tomorrow.

… OUTTA HERE … “The future’s so bright I need 2 pairs of sunglasses 😍😍,

and my own Brinks armored truck” 💓!! … Onward & Upward!!

-vegas

 

SUNDAY UPDATE: SPOTLIGHT SHINES ON THE “SPOOS”

 

“I am not superstitious! … but why take any chances!!?”

That was some New York trading session on Friday … even FX briefly woke up

… for our PAMM markets, it was bat shit crazy [BSC] right down the line

… crypto got mauled, gold & silver put in massive refersals in price, and the

“Spoos” got whacked by Paulie & Sil … ranges blown to shit early, and it was

a race to the bottom.

The very first concern any trader should have is the total cost of what it is

he/she/it is trading … at Coinexx, bid/offer spread + SLIPPAGE in the other 2

“Stock Bellies” CFDs, namely the DOW30 & NDX100, make them unattractive

IMHO to trade … it remains to be seen what awaits us in the “Spoos”, but most

days conditions fall around industry norms and values … what separates the

“Stock Bellies” from other market offerings is that they operate in the “88/6/6”

paradigm of trading [88% of the time higher, 6% of the time sideways, and 6% of

the time they’re getting the shit beat out of ‘em] … and for that reason alone, I

stay on the LONG side of any and ALL trades … avoid getting whacked on the

back “6” and you’ll need super tanker ships to take the money away, IT’S AS

SIMPLE AS THAT!

To that end, a conservative trader might choose to trade “Spoos” from the long

side  when 1) the m15 ZLMA [zero lag moving average], period 15, is “white” [up

slope for rising price momentum], AND 2) the m1 ZMLA is either white, or has

just changed colors with the MACD [8 period fast, 15 period slow, EMA]] going

above the “0” level [yellow line] on the histogram below the m1 chart, or is

already above “0” and starts rising again … of course, “FOMO & MOMO” change,

but they do so with the color changes, not out of the blue … it is rare to get

consistent buy signals in an up market that only trap you before you can exit

with a scalp profit before changing short term “FOMO & MOMO” … it’s a lot

more common when the m15 is “hot pink” on the ZLMA, indicating a down price

move is in effect.

At this time, I don’t think I need to change the “vegas mq4 code” for the “Spoos”

to adjust it for higher volatility … maybe later, but not now … RM levels should

be taken with a “grain of salt” when 1) daily or weekend opens come, and 2) econ

reports, FED reports, and FED Lounge Lizards speaking hit the market and there

are very sharp and sudden up/down moves … RM levels are for normal trading,

not news events!

I’ve changed the “vegas mq4 code” for gold on the m15 chart ONLY … that code

is over in “Download Links” and is for the m15 chart only … the m1 stays the

same and uses the current “vegas mq4 code” … higher volatility in gold

necessitates larger volatilities for the longer time period of m15 … no changes

to silver yet.

Directly below the week’s 20 Day Range & Median values for our 5 PAMM markets.

click on table to enlarge

… OUTTA HERE … “The future’s so bright I need 2 pairs of sunglasses 😍😍,

and my own Brinks armored truck” 💓!! … Onward & Upward!!

-vegas

OF COURSE IT’S “RIGGED” … IT ALWAYS HAS BEEN!

 

“When you’re on the wrong side of a trade in a rigged market!!”

They trade billions, if not trillions per day, yet they never get into trouble with

their trades … why is that? … cuz they’re sooooo smart? … maybe it’s cuz of

what I’ve known for decades, first observing it in trading pits … the data game is

“RIGGED”, and they are positioned perfectly for what is coming at the appointed

time … doubt me? … well now we know from the BLS it’s true, thanks to ZH

… the link directly below.

https://www.zerohedge.com/markets/scandal-rocks-bidens-labor-dept-lying-

about-sharing-non-public-inflation-data-secret-group

I have maintained for decades, that ALL REPORTS ISSUED BY GOVERNMENT

[including the FED] be done on Saturday mornings … this way ALL MARKET

PARTICIPANTS, LARGE AND SMALL, CAN ASSESS HOW THEY WANT TO

TRADE COME SUNDAY NIGHT ON THE OPEN AND BEYOND DURING THE

WEEK … but that ain’t ever gonna happen cuz scumbag LP banks and HFTs

have got to have the ability to screw over institutional & spec accounts for all

they are worth, and since the POLS, Apparatchiks, & regulators want their

“skim”, it’ll continue and never change.

Well, that escalated quickly didn’t it? … Whoops!, not even the whiz kids can lie

about this one, a little hotter than “Taliban Joe” would like to see, and more

importantly the 10 YR. Treasury over 4.5% yield now and rising … no worries,

just print MOAR! … consumer prices, as measured by the government which are

woefully inadequate as well as inaccurately underreported, are up 19% since

“Diaper Joe” has been Preezy … not a single month this Doofus has been

Preezy have prices fallen … worst Preezy in history, and at least Jimmy Carter

feels a sense of relief! … digging through the data, I do note that typewriter

ribbon and horseshoes fell in price, so at least the Amish might be happy

… question is, though, with everybody and their pet rabbit positioned long gold,

where are the stops you absolutely know the bigger players have their eyes on?

… wait for it, it’s coming!, and you won’t need me to tell you about it, cuz you’ll

see the down “bigly & yuge” red spikes on the m15 and the m1.

With today’s casino action brought to you by government, a few things need to

be mentioned that have a direct bearing on trading these more volatile markets

… 1) especially with “important” numbers being released as determined by the

propagandists on Wall Street, you need to recognize that the RM levels upon

release of data DON’T MEAN MUCH OF ANYTHING! … meaning panic has no

bounds and can’t be measured by us cuz we have no way of seeing order flow

coming through institutional order desks … 2) RM levels currently constructed

for gold and “Spoos” are undervalued and need to be raised to higher volatilities

… RM=4 levels should in no way, at least theoretically, be hitting this MAX as

often as it is … LESS THAN 5 TIMES PER YEAR, NOT EVERY DAY WE TRADE!

… and 3) I’m adding spot silver [XAGUSD] TO OUR PAMM TRADING LIST MIX,

BRINGING OUR COVERED MARKETS TO 5 … the “vegas mq4 code for support /

resistance levels” based on volatility is available now over in “Download Links”

for silver … current RM levels are RM=1 & RM=2 for the m1 chart, and RM=2 &

RM=3 for the m15 chart … I’ll be updating the 20 Day Range MA & MEDIAN, and

I’ll have new higher VIX RM levels for gold and “Spoos” on the upcoming

Sunday blog update.

Now that silver has broken through $26 per OZ., going forward there should be

some really good trading opportunities … better than gold I would say with a

better bid/offer spread of usually under 1 penny per OZ., but will blow out on

sharp moves up/down … quite frankly, paying 35 - 40 cents per OZ. in gold AND

having to deal with sometimes horrendous slippage is a pain in the ass … I don’t

know how slippage is going to be in silver, but I don’t see how it can get any

worse than gold … in any event, I’ll start with low volumes and work from there

… GiddyUp! … once up & running, let me remind traders, though, trade silver

based on silver signals, NOT on what’s happening in gold! … yes, they strongly

correlate positively, but different dynamics for different markets … it’s not even

11 AM EST in NY, and we got a DOUBLE REVERSAL GOING IN SILVER, with an

approximate 89 cent range [so far]! … and as you’ll see, RM=2 on the m15 chart,

and RM=1 on the m1 chart, hold very well … better really … EXCEPTIONAL!,

IN FACT!

With the exception of the 2 crypto pairs BTC & ETH, where spreads and very high

margins require a lot more money in your account, and thus make them less

attractive than the other 3 pairs, all 3 of SP500, GOLD, & SILVER have moved

quite well today … out of the 3, gold the most bat shit crazy [BSC] with price

quite erratic versus the other 2 … blink your eyes, and it can get quite nasty

… the “Spoos” are getting a much needed correction, and going forward it’s a

question of where the support is on the way down … and just as an aside, the

“Spoos” are the only ones we trade that trade inside an “88/6/6” paradigm that

I have written about extensively before … the entire system is rigged to see

“Stonks” go higher, and stock markets don’t exist so prices can go lower

consistently … the “Plunge Protection Team” [PPT] certainly make sure of that!,

right along with corporate buybacks … and IMHO, it makes complete sense to

trade this market from the long side ONLY, but since I’m not your MOM, you

can do what you like.

Time for FED Lounge Lizards “minutes” from the last rigged meeting … just what

we need today, more VIX! … aaaaaaaaaaaaand, nobody gives a shit … rightly so,

as why would anybody in their right mind listen to these Elite assholes who spew

propaganda daily with the intent of manipulating “Stock Bellies” along with other

markets? … bought and paid for!

One trade today for the PAMM in gold … PAMM UP FRACTIONALLY … not

interested in holding anything for anything but a scalp, and this trade lasted far

too long for my liking … of course, 5 minutes later it takes off to the upside, but

that’s water under the bridge and I don’t really care … hopefully metals can

correct from here, although I’m not looking for much … “Stock Bellies” look to

be the most vulnerable, as headwinds mount via rates and geopolitical events

… onto tomorrow!

… OUTTA HERE … “The future’s so bright I need 2 pairs of sunglasses 😎😎,

and my own Brinks armored truck” 💓!! … Onward & Upward!!

-vegas