SUNDAY UPDATE: THE 2023 MINEFIELD AWAITS

 

“The wisdom of Yogi!!”

2022 died calmly in its sleep at the end … 2023 looks set for some scorching

volatility in markets, particularly gold, crude oil, and “Stock Bellies” … quite

frankly I think they’re all gonna get their respective “15 minutes of fame” before

the year is out.

I had hoped to trade some “Spoos” [SP500] at Coinexx this last week, but

trading conditions were so poor & lackluster, what knowledge is there to gain

when nothing is happening? … this upcoming week should provide us with the

necessary conditions, though, and we’ll see if slippage and/or latency is an

issue with them … it sure as Hell was with Turnkey, but what wasn’t a frickin’

mess with Turnkey? … anything and everything outside of a couple of FX major

dollar pairs had “bigly & yuge” slippage & spread issues that never got solved

… gold in particular was a “hot mess” at Turnkey, and I’ve already traded gold for

the PAMM at Coinexx, and everything was acceptable … when it comes to volume

& liquidity, and the way LP’s fill orders in the DOW30, there’s no question it’s

much thinner and has a great probability of seeing you get screwed by the LP on

any order … this becomes a “bigly & yuge” issue if your volume increases … the

SP500 is much deeper in terms of both, and at least in theory volume levels

should be greatly higher before slippage is an issue … but I need to test Coinexx

to see if they are legit, cuz I’m not trusting a “Hoover Dam” thing they say … we’ll

see if fills & latency are legit this upcoming week, first by doing very small orders

… if those get screwed over, we won’t have suffered anything of importance, but

gained the knowledge that they are full of shit … if things go OK, I’ll switch my

focus from DOW30 to the “Spoos” and go from there.

I’ve seen enough over the last couple of weeks to know with 100% certainty that

the version 2 trading algorithm is an important improvement over the original,

and therefore I’ll be updating the manual here shortly … the improvements are

1) better buy/sell trade signals at LOWER VOLATILITY levels, with attendant lower

“false positives”, 2) better response recognition for liquidating positions, and

3) greater overall FLEXIBILITY for traders of all levels and time frames … the

version 2 manual will be bigger than the original, with more trading examples, and

thus will likely take a slightly longer period of time to finish and publish … but I

can assure you, the wait will be worth it! … in the meantime, between the start of

2023 and version 2 release, I’ll be trading it for the PAMM and you can see the

results … we got 3 of the most volatile markets going in gold, crude oil, and

“Stock Bellies” [whether DOW30 or SP500], so there should be plenty of

tradeable action once traders get back to their desks full time for 2023 sometime

this week or next.

If Coinexx does us right in the “Spoos”, I’ll trade it heavily … if they don’t and we

can’t trade it cuz their LP’s of choice are thieves and crooks, the DOW30 gets

shoved to the bottom of the list, and gold & crude become our primary priorities

for trades … if they do a decent job of things and we can trade the “Spoos”, both

gold & the “Spoos” are our priorities in trading and crude oil goes to the bottom

of the list … let’s see how it all plays out.

Directly below, the 20 Day Range MA’s of selected pairs.

click on table to enlarge

As you can clearly see from the table, November and December saw ranges

DECREASE across the board … 2022 goes down as having one of the worst

Holiday trading periods in a very long time … still, range values for “Stock

Bellies”, crude oil, and gold are acceptable, but we need to start to see in

2023 these values pick up for MAX algorithm efficiency and profits … let’s hope

that’s what we get! … tomorrow a Holiday as well, simply cuz you can’t cheat

people out of a major Holiday if it falls on a Saturday or Sunday, so since New

Years Day is on a Sunday [today], the next day Monday is the observable Holiday

… only FX will be open, but the spreads will be nuts … back to normal on

Tuesday … onto the shortened week.   

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

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

-vegas

SAYONARA 2022

 

“Me leaving 2022!!”

I had hoped this week would at least be volatile enough to trade … if not crude oil,

then gold … and the only day we got was Tuesday as gold mini melted up … since

then a chopfest of very low ranges, and stinky “Trading Ratios” [TR] ... today

another OPEX in “Stock Bellies”, and it remains to be seen if the “Spoos” can be

viable at Coinexx or not … they weren’t at Turnkey.

Now into the New York afternoon, and this day is a total bust … ranges greater

than 50% below their respective 20 Day Range MA’s … just nothing here … can it

get worse? … Yup, today proves that! … even the “Spoos” can’t do anything

with an OPEX day [so far] … it makes ZERO sense to see what trading conditions

are like when nothing is happening, so I’ll wait ‘til next week to trade some

“Spoos” on an algorithm signal to see what slippage & latency I get … we’ll see

what happens.

Blog update on New Years Day [Sunday] … looking forward to 2023 cuz IMHO

it’s gonna be a very volatile year … and with that volatility comes opportunity &

profit … the version 2 algorithm is “gold bars”, and when markets move past

this Holiday bullshit, nobody will remember the horseshit ranges and trading

conditions of the last couple of weeks … onto 2023

… Happy New Year everybody!

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

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

-vegas

FUGETABOUT IT!

 

“The Soprano family as LP’s would be better than what we got now!!”

Hard to imagine it’s worse, but then it is! … always trying their best to screw us

day in and day out … absolutely no reason to see the gold spread go higher other

than pure greed … from around 25 cents to 46 cents, back & forth she goes … as

I’ve said a million times, watch the spread for 5 minutes, and whatever the

HIGHEST amount is, that’s what you’re gonna get … and I ain’t paying 46 cents, I

don’t care if it goes up/down $50 … still, some good signals today in gold, despite

a crap range for the day.

Moving over to crude oil, I am somewhat surprised crude hasn’t reacted to the

ChiComs doing a 180 backflip on COVID … FROM zero tolerance, to just live with

it, and oil can’t react? … in any event, a very low range day with nothing to speak

of in terms of moves that mattered … the oil trade appears to be out for the rest

of 2022.

Over in “Stock Bellies”, a straight shot up, followed mostly by sideways action,

with a halfway decent range … looks to be year end balancing, but who knows … I

had a long talk with Coinexx management earlier today, RE the SP500 CFD

… quite frankly, I’d rather trade the “Spoos” than the DOW30 … same action,

better liquidity & volume … tomorrow I’m gonna do some very light volume

algorithm signal trades in the “Spoos”, where I’ll be watching slippage and

latency very closely … let’s see if their talk matches my trading reality … last day

of the trading year, and it can’t end soon enough … what a crap week, especially

crude oil … “Stock Bellies” better than I thought they would be, and gold

disappoints cuz the Asshats making a market can’t get their shit together and

make an honest market … Gee, who’s shocked over this one? … it’s why we have

3 markets … they can’t all be “EFFED UP” by LP’s can they? … no trades today

for the PAMM cuz gold was messed up beyond repair, crude oil dead, and the

“Stock Bellies” never corrected enough to matter the entire day from the criminal

NYSE open … from where I sit, the version 2 trading algorithm is “gold in the

vault”, it’s that good … natch, we got end of the year “scumbaggery & fuckery”

going on with spreads and slippage cuz they can, so nobody should be

shocked by thieving LP’s or markets that go nowhere fast … I’m a little surprised

the “Spoos” went orbital today, but “Stock Bellies” are in a different universe

than gold or oil … financial versus phyz … let’s see what year end brings … onto

tomorrow.

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

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

-vegas

THE CORRUPT U.S. DOJ & FBI WILL “WHITEWASH” FTX

“Nothing to see with FTX! … only money laundering cash to Libtards!!”

Don’t hold your breath waiting for law enforcement to spring into action and

investigate the FTX clusterfark … money laundering aid to Ukraine through FTX,

back to U.S. POLS … “nothing to see here Sheeple, but by all means, keep voting

for these corrupt liars and thieves … and for my money, the real crimes FTX

committed are nothing compared to the kickbacks and slush funds that get

funded when the U.S. gives weapon systems to foreign countries, all without

any accountability, transparency, or accounting of where the money went

… POLS ON BOTH SIDES ARE GUILTY of this double dealing horseshit, and

that’s the big reason nothing will ever come of the FTX collapse, cuz nobody in

“The Swamp” wants to be exposed to what’s really going on … and that’s money

laundering to U.S. POLS … has the “big guy” received his 10% yet?” … just

remember that before SBF and FTX, there was Jon Corzine and MF Global

… and Corzine walked free as a bird after pilfering customer funds to make

large bets on Italian bonds … was he investigated and/or prosecuted? … Hell

no cuz he was one of Preezy Empty Suit’s big donors and “rain makers”,

funneling all kinds of cash to Libtards … this is life in a “Banana Republic”.

And like a true “Banana Republic” that it has become, what with voting fraud

everywhere, cuz a week after an election they still haven’t finished counting all

of the dead people and fake paper ballots … “how can you count the ballots

until we know how many votes we need?” … and of course, in a true “Banana

Republic”, there are two sets of rules and laws … one for the Elites and the

other for everybody else, including political enemies … the “U.S. of China”

leads the way in showing the world how corruption is done.

Turning to today’s “Slots-A-Rama” at the world’s largest casino, it’s about as slow

as slow gets [so far] … USDJPY had a nice move higher in the Asian session on

short covering, and I’m left wondering, “do I have to move to frickin’ Thailand?”

… since I’ve been at my screen, we’ve got about a 50 PIP range of yo-yo spike

action, both up & down, and trading action is slow … meanwhile in “Stock

Bellies”, FED PIE HOLE Brainard quips about “slower” rate of increases and

“Stonks” take off … “did you and your Lounge Lizard pals get long futures first

before your statements to the press? … asking for a friend.” … the corruption

never ends, it just moves from day to day.

USDJPY hasn’t moved more than 20 - 25 PIPS from the median at 140.35 the

entire day since I showed up to trade … 8 hours into this clusterfark and price

is sitting right at the median … oh boy! … and while algo signals still work well

even when VIX is down, there isn’t much to anything here to get … when it doesn’t

move, it doesn’t move … being forced to take a profit when it doesn’t move is far

different than getting into a trade where the market isn’t moving … 2 entirely

different set of circumstances … “no Brainard’s” comments a little after lunch in

New York, should have moved USDJPY lower, and we have seen some reaction

to her comments, but nothing really happened ‘til about 1:30 PM EST … why it

took so long is beyond me, but I guess YEN traders wanted confirmation from

“Stock Bellies”, which we are getting with the “Spoos” going over 4000 and the

DOW30 over 34000 … and even with that, still not very good trading action, with

the “Trading Ratio” = approximately 3 … I’d like to see it above 4, but we haven’t

seen that since the Asian session … of course we haven’t, why trade when I’m

awake and ready to go? … again, do I have to move to frickin’ Thailand?

One algorithm buy signal in USDJPY today … PAMM UP FRACTIONALLY … just

nothing to do here until Brainard opened her PIE HOLE, and while I don’t mind

taking positions in the New York afternoon, taking trading cues from Dovish

Lounge Lizards isn’t something I want to do … her comments fly in the face of

other Lounge Lizards who “blah blah, yada yada” the mantra of higher rates for

longer… another day all the action in the Asian session … gee, see my shocked

face … but no matter, we take the shit action with the good action and simply

move on … I will note that Cable/Yen is still in the mix, and even if USDJPY slows

down some, action in GBPJPY is still pretty good … current TR = approximately

3.5 - 4.0, so slightly better than USDJPY … Cable chopping around as well, so its

trading action is somewhat lacking … onto tomorrow.

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

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

-vegas

DON’T BE DECEIVED

“The shady & corrupt underworld belly of financial trading!!”

The shit we’re in now is beyond the pale … I dunno if it’s cuz the financial

community has gotten the snot beaten out of it this year, whether it's Biden’s

negative wealth effect kicking in, or whether markets have hit the wall cuz they

can’t take the news bombshells that seem to hit every other day … maybe a

combo, I dunno … what I do know, is that both in GBPUSD / CABLE & crude oil,

ranges are dropping faster than Biden’s diaper from their 20 Day Range MA’s,

and it’s making for literal “stink bomb” trading conditions … don’t be deceived,

it won’t stay like this for long, and you simply can’t do “stupid shit” and expect

not to get hit when the outdoor stall is tipped over.

Turnkey for its part today, making oil untradeable with spreads in crude that

would make Vito Corleone blush with envy … basically 4 - 7 cents with an

occasional 3 cent quote to fool the unwary … homey ain’t payin’ that kind of

vig to trade oil … not that it matters much cuz the range over multiple hours in

crude is a paltry approximate 60 cents … and again, as has happened so often

before, in the New York afternoon when the “Spoos” make their move to

somewhere under or over the rainbow, crude tags along with some kind of

correlated move that gets people to do stupid shit, and then it doesn't … today it

decided to un-correlate and move slightly higher while the “Spoos” get monkey

hammered … no matter cuz we ain’t trading it anyway cuz the cost is too high

… that leaves Cable, where now after the London Fix, “Stock Bellies” are

dropping some and GBPUSD / CABLE is scraping the bottom of its pathetic

range of about 30 PIPS over the last 7 - 8 hours and threatening new lows for

the day … in other words, nothing here cuz algo parameters cannot get in sync

for signals cuz they are compressed on top of each other … meanwhile to

further frustrate us all who live in this part of the world, all of the trading action

occurred in the Asian session … “wonderful, nice … when do I move to frickin’

Thailand!?” … and now that the world has spoken via the Pacific Rim, the rest

of you can eat the shit sandwich and enjoy CHOP.

GIVEN THE NEWS FLOW in GBPUSD / CABLE, have you ever seen a worse

market than the shit we’ve seen this week in terms of trading action? … nope,

not even close … Cable should be flying and it’s D.E.A.D. … sure, there have

been worse periods for price action, but not given the news flow there haven’t

… and given the premise the trading algorithm operates under, which is decent

VIX, seeing complete INCONSISTENT VIX of spikes mixed with way too many

m1’s that completely suck, it leads to the logical conclusion of algorithm metrics

on top of each other and at odds with each other … in other words, there isn’t

enough VIX to get them in sync for s high probability / profitable trade … and so

here I sit waiting patiently for conditions to improve, and every day it seems they

get worse … it’s not like I’m asking for the world here, simply normal VIX given

the ranges … but when all of the action comes in off hours or in the Asian

session, and we’re left with table scraps from the feast, there isn’t anything I can

do but sit … or get lucky, or lose money … sorry, this isn’t a viable trading model

… that’s the bad news … the good news? … it won’t stay like this for long.

Then there’s oil, where even if Turnkey had their shit together and the spread was

acceptable, watching oil go up/down over hours for 60 cents is an insult to

markets … so while I’m hoping the spread goes back to normal, like tomorrow,

even if it did, I want no part of 60 cent oil ranges … talk about chop and getting

eaten up by the alligators in the swamp, this is it in spades.

No trades again today, and again not for want or lack of effort … can’t trade the

“Stock Bellies” at Turnkey cuz they are rip offs with not only high spreads

relative to other houses, but the slippage is on a par with gold … that’s a recipe

for losses … we simply need slightly better, more consistent VIX in Cable and the

algorithm trades will show up … and they will, this shit goes in cycles, so like I

said, the goods news it won’t last for long … onto tomorrow.

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

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

-vegas