IT WAS WHERE’S THE TOP? … NOW IT’S WHERE’S THE BOTTOM?

 

“You mean trees don’t grow to the sky? … who knew!!?”

In some respects, it’s simply “flip the script” … the problem with that is that

markets are not symmetrical … in most cases [cuz there’s always exceptions

lurking out there to trip a trader up], gold goes down a Helluva lot faster than

it ever does going up … the gaps are bigger and the sell stop “Scumbaggery &

Fuckery” legendary … in strong bull markets, early in the day breaks can be

bought, cuz the sell fuel will run out leaving only buyers … when markets are

in bear mode or correct aggressively from sharply higher prices, early rallies

will get sold … what matters is what happens after Noon EST in New York

… will buyers show up aggressively and bid price higher or do they wait and

bide their time? … and quite frankly, that’s where gold is at now.

The final version of the trading algorithm worked exceptionally well today … I’m

a little under the weather with a touch of stomach aches today… could be that

burrito bomb I ate last night? … one trade for the PAMM AND WE’RE UP 0.1%

… would have made more trades if I was 100%, but such is life … no more

burrito bombs! … 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 GOLD BULL VERY FEW BELIEVE IN

 

“There is nothing new under the sun!!”

I want fo focus today on the micro trading side of gold … not what drives it, but

how it trades … and since we’re at the start of a very big bull market run in gold,

IMHO, I’ll stick to the long side and leave the short side alone … the biggest

difference from yesteryears, is the disappearance of mining companies hedging

production [from the sell side], being replaced by the FED manipulators on the

“Rally Protection Team” [RPT], and the rise to prominence of central banks,

especially the Ruskies & ChiComs, and their stated purpose to back their fiat

with gold.

A few of the things we see in bull markets, we rarely see in neutral or bear

markets … 1) sharp “V” bottoms that don’t come back to test the low but simply

take off to the upside … 2) more RM=2 & RM=3 hits [sometimes RM=4], both on

the upside and the downside, for both m15 and m1 … wider ranges, both daily

and NY, with some “Scumbaggery & Fuckery” moves in off hours … and 3) some

horrendous potential slippage if you get on the wrong side of a move and either

have to buy a green spike up or sell a red spike down … make sure you

understand what your risk parameters are when you dip your toes into this

water … you may find a leg missing if you get sloppy!

I would also add, be very careful of directional movement after about 2 PM EST

… breaks in bull markets with signals negative, and not much time on the clock

to the close can be particularly dangerous for longs … ditto the reverse for

shorts … and what we’ve seen lately are some ferocious late day rallies that

trap shorts.

This is one of those days better left out of the bulls script … nothing in Asia or

Europe in terms of price action, and then from the opening bell of the criminal,

money laundering NYSE open, gold takes off … biggest correction comes only

a half hour after the open after a FOMO panic buy spree that hits RM=3 on the

m15 … that was it, cuz from there to mid afternoon, it’s been straight up with

only cursory $2 - $3 moves lower and very sloppy action … with a spread in the

35 cent range, and slippage ALWAYS TO DEAL WITH, sloppy chop action is

something you want to avoid … these LP assholes will paper cut you to death.

Like I hinted at yesterday, it’s getting to the point where any correction off a top,

that sees price go lower for at least 3 or 4 minutes, and then on the m1 it turns in

price and the slope turns white on the ZLMA, period 15, it’s got a high probability

of success for a scalp trade at a minimum … in this scenario, what you have to be

careful of is the 1 or 2 m1 move higher before it gets “monkey hammered” again

lower leading to loss … on bigger breaks, this will happen quite frequently, and

usually those bigger breaks end either at RM=3 or RM=4 on the m15, and RM=2 or

maybe RM=3 on the m1.

I didn’t see today shaping up like it played out … here we are up at $2300, up 7

days in a row about $125 higher … what I don’t want to see is a sharp rally in the

Asian or early European sessions, cuz that most often spells FED selling in NY

… rarely do all 3 world sessions go in tandem! … a disappointing day, but who

cares? … from my perspective it matters little from a trading perspective where

gold is at … $200, $2,000, or $20,000 I could care less … it’s about the

psychological setups and how they play out, and quite frankly ALWAYS has

been since the dawn of time … no trades today … onto tomorrow!

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

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

-vegas

UNDERSTANDING GOLD’S SIMPLE M.O.

 

“Not understanding gold could start your day like this!!”

The “C Teams” are in charge of trading desks today across the world on Easter

Monday, or should I say one day after Biden’s disgusting “Transgender Day of

Awareness” activism horseshit, on the Holiest day of Christianity? … I

sincerely hope you realize these Elitists hate your guts and everything western

civilization stands for and represents … just one more “nail in the coffin” of

the Banana Republic as it heads for social, moral, economic, & financial ruin.

Markets are open, but then again they ain’t … volumes & liquidity thin would be

a kind description … gold going bat shit crazy [BSC] right out of the gate at last

night’s open, and had a $25 range before Asia even opened! … and alas, when

you see these massive pumps in Asia, expect the massive FED Lounge Lizard

“Dump” come New York … and vice versa to be sure … it’s a game the

ChiComs play with the FED, cuz they simply want the phyz and don’t really

care what they pay for it … in other words, a newer version of the

“Comex Con Game”, the ChiComs clearly replacing the hedging miners

of yesteryear.

Add to this the fact most of the world ain’t playing, and it’s a ripe field for FED

“Scumbaggery & Fuckery” in New York after they’ve blown all the “buy fuel”

up earlier in the day, and with nobody around go for the “Johnny come lately”

spec sell stops … nothing more the FED wants than that bearish “dragon doji”

on the daily chart for all to see on new ATHs … it’s supposed to get you to

sell, and quite frankly gold is a tad overextended at the moment, so maybe the

market gets a slight reprieve from the buy pressure … maybe … not counting

on it, though, cuz the world’s central banks + the ChiComs are lined up with

heavy, solid bids in place … “go ahead FED, sell ‘em some more you ain’t got,

and lose more Billions you can print with the CNTRL-P machine … we’re in for

one Helluva year going forward!”

Unintentionally and quite by accident, I got up late today and missed important

action, as I exhausted myself in the Easter egg hunt yesterday, but tomorrow

sees the world come back to their machines, and I’ll be hittin’ gold around

5- 6 AM EST … crypto is already stalling at these levels, and I expect trading

action to be sub par from what we’ve seen in Q1 2024 … we’ll see

… 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 DAY THAT WASN’T

 

“Imagine the heartbreak I felt yesterday when told it was Thursday!!”

I dunno … 1) senior moment? … 2) trader amnesia? … 3) the “Tooth Fairy”

granted me a wish? … or 4) pre “rubber room” therapy gone wrong? … the

fam voted last night [“The Mrs.”, Miss Gimpy, the dog], and it was a 3 - 0

landslide for #4 … today, I’ll be very careful about putting on any kind of sweater

or sweatshirt when they ask if I’m “chilly” … so, without further ado, welcome

to Friday for the second time this week!

The SP500 [“Spoos”] in a delusional world of FOMO … and you somehow think

the Dopes at the FED will cut rates with “Spoos” now at 5100? … why?

… meanwhile the Banana Republic printing presses run wild, as nobody in the

Uniparty gives a shit cuz it’s an election year … “hey, I’m actually an ILLEGAL

HONDURAN, so where can I get me one of those NYC debit cards with $3K a

month put on it, with no ID, no verification, NO FUCKING NADA?! … me and

my 8 kids need to fund our drug empire don’tchaknow! … meanwhile homeless

VETERANS live under a fucking interstate bridge cuz the VA is useless and

worthless beyond shame … please, tell me again how the Banana Republic

survives!

Some pre market NYSE “Scumbaggery & Fuckery” hitting the tape right before

the open … what else is new? … now into the NY afternoon, a sloppy bag of shit

day where the high so far has been the NYSE open, followed by a drift lower

where algorithm indicators have been negative the vast majority of the day

… some pockets of “rally juice”, but basically 3 steps down, 2 up and MOMO

changes quickly … the $50 approximate range in ETH, although adequate, is

nothing to write home about …. Again, Asia and early Europe has better trading

action, something we’ve seen plenty of these last few weeks … on the plus side

of things, the bid/offer spread in ETH at Coinexx has remained tight, coming in

between $.06 - $0.30 most of the day including active rally minutes

[i.e. no blowouts] and the RT commish is 6 cents per 1 lot … add it all up and

it’s superior to BTC at the moment.

We’ve seen this week in both BTC & ETH, what I call the 2 hour “Flying Wedge of

Death” [FWD] yo-yo from Hell marathon of alternating screwing stops on both

sides of the ledger … then no follow through of course, and essentially we’re at

where we were on Monday, with very little in terms of dollar up or dollar down in

price the entire week … for months now, we’ve seen Fridays turn into semi

Holidays [even the second ones of the week!], where action literally sucks … it’s

not a very good moving day … we might be in for “time corrective” activity,

rather than any serious price erosion, but that remains to be seen in the

days ahead.

Only one PAMM trade today … fills adequate … shit just wouldn’t move, so time

to say adios! … WE’RE UP SLIGHTLY … and since it’s officially Friday, blog

update on Sunday … cya then!

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

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

-vegas

NOT EVERY DOG GETS TO RIDE ON THE FIRE TRUCK

 

“And not every dog gets to sell the top either!!”

Chinese New Year Holiday on the PacRim, but that doesn’t stop the “Spoos”

from climbing … only problem is everybody and their pet rabbit is LONG, and

they all think they can get out at or near the top … let me assure you, that

won’t be the case!

BTC slightly lower … it’s very hard for me to see any big drop in BTC given the

Banana Republic’s penchant for borrowing and spending on useless &

worthless shit … it’s a race to the QUADRILLION LEVEL for the national debt!

… I’m guessing 6.66 years from now … i.e., if the country lasts that long … when

does Texas vote to secede from the Banana Republic? … maybe Trump can save

the country, but it’s a very tall order … he has to “clean house” and get people

behind him to drain the “Swamp” from Libtards … fuck being nice! … it’s time to

play hardball and put some people behind bars … and if he doesn’t do it or even

loses to the corpse known as “Joe Biden”, the country is OVER quicker than shit

through a goose!

All it’s gonna take for mass adoption of crypto, and BTC by default as the “KING”

in the U.S., cuz it’s already happening worldwide at a scorching pace, is for 1) the

national debt to spiral exponentially more than is currently happening, and 2) the

U.S. Dollar starts to nosedive, even with all of the “Fuckery & Scumbaggery”

involved in propping it up via swap lines and the like … when the next big

financial crisis hits the U.S., expect BTC to go exponential to the moon Alice, as

people will want and demand currency that doesn’t depreciate through the

CNTRL-P machine, and can be used for payments as well as holding wealth.

Well now, “Stock Bellies” exploding and the conventional wisdom is that it’s cuz

of an impending Trump victory is being priced into asset bubbles … after Biden’s

latest week, it seems like a slam dunk, but a shipload of things can happen in 10

months … and so, BTC explodes out of the box right at 16:30, right at the money

laundering NYSE open … and what happens when a market blows up, goes

straight up to the 20 Day Session Median, right out of the gate with

“ZIP, ZERO, ZILCH, & NADA” [my favorite law firm btw] for any corrective

activity? … well, probability says nothing, nothing at all cuz the wad has been

blown to shit and the buyers have run out of ammo … and so, you get nothing

but chop and bullshit … no trades for the PAMM today, I don’t buy rallies

… nothing here over 50K but trouble … onto tomorrow.

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

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

-vegas