“If he were alive today, he’d puke knowing what’s going on!”
Thank goodness “Stonks” have the “Plunge Protection Team” [PPT] working
overtime today … can’t have the great propaganda indices go “belly up” just yet
… need to print a wheelbarrow full of trillion dollar debt first, and then make sure
the ChiComs are happy with it … and with the dynamic duo in charge, I’m pretty
sure anything that can be FUBAR, will be FUBAR before you know it!
Do y’all realize since 1971, the dollar has lost approximately 85% of its
purchasing power? … I bring up this inconvenient fact, cuz today Spicoli says
he’s determined to make sure inflation runs 2% or GREATER going forward
… using the rule of “72”, that means using “Spicoli math” you’re wealth &
purchasing power get HALVED [that’s losing 50% for you “JoeMala” voters]
every 26 years [or faster if he’s wrong] … and if you live to 78, that means it
GETS HALVED THREE FRICKIN’ TIMES … good times! … and what that means
is that government plans on keeping you as a debt serf forever! … life sure is
great when government takes over everything isn’t it?
I bring all of this up, cuz it indirectly points straight at “trading”, and more
specifically, what it REALLY MEANS versus WHAT YOU THINK IT MEANS … trust
me I’m a professional, and the vast majority of you out there that either wanna be
traders or have tried and failed, the problem isn’t that you aren’t smart or
educated … the problem is twofold … 1) markets aren’t about what you think
they’re about, and 2) what’s “out there” for you to learn “trading, about 99.99% of
it is pure bullshit and GUARANTEED to lose you money … and once the bullshit
piles up and you accept conventional methods of trading, the game is over and
you don’t even know it.
Quite frankly, when it comes to trading, there’s the “matrix” where everything is
real, and then there’s what’s in your head which is illusion, and most likely
delusion … bottom line is the scumbag LP banks [or bullion dealers or HFT’s]
take your money … there’s a way to turn this around, but many of you won’t
accept the reality of what’s needed to do it, and how most days traders are worse
than lab rats when the bell goes off looking for the biscuit … what the MODIFIED
TUNNEL TRADING [TT] ALGORITHM does is quite simple … “it turns the tables
on the fucking LP banks [HFT’s], and instead of them hustling you, you make
them work for you! … the algorithm will be available soon.
Oh, another day that ends in “Y”, and look what the bullion dealers do to gold
… first they kill the shorts, then they kill the longs … thanks for coming and
playing, come back soon! … and while the bid/offer spread is at a reasonable
level, and entirely tradeable, the “gotcha” here is slippage, which can and is
horrible most days … same with “Stock Bellies”, where “mystery ticks” go to
live … sure, I’d love to trade a crude oil CFD, so go find me someplace that has
a 2 cent bid/offer that is CONSISTENT, with decent leverage available … over the
last couple of years, many houses introduce 2 cent spreads, and within about a
week or two, that goes “buh bye” and you’re looking at 4 cents PLUS
commissions, or even higher … Turnkey simply like all the rest of the shit weasel
houses making promises they can’t keep when it comes to crude.
And what simply seems like a lifetime, but only has been about 5 months, crypto
has lost its mind … even in spot trading with ZERO COMMISSIONS, the spreads
are enormous, and as conditions deteriorate, as they have over the last few
weeks, spreads are WIDENING cuz nobody wants to give up the “edge” cuz none
of these markets are moving like before … and what we end up with are charts
with huge gaps in them, looking like somebody threw pasta up against a wall and
half of it fell to the floor … the other half is the chart … get caught in any of these
freight trains going down the mountain, and it can be ugly … very ugly.
Which brings us smack dab face first up against the most manipulated markets
on the planet … FX … and more than any other group of criminals roaming the
earth, the scumbag LP banks here are corrupt as the day is long … that’s the bad
news … the good news? … they are predictable as the sun coming up in the East,
and if you let them, they’ll make you rich! … of course, you’re gonna need
patience & discipline, and the biggest “if” of all … you got to FOLLOW THE
ALGORITHM RULES … and knowing people like I do, the great majority can’t do
it, or refuse to do it … they finally get “convinced” once the bank takes all the
trading money from doing “stupid shit”, but by then it’s too late cuz they’re back
in the “Pudding Business”.
Quite frankly, the reasons I’m back trading Cable [GBPUSD] are 1) tightest
bid/offer spreads of anything traded, 2) enormous volumes & liquidity [except
when it ain’t], and 3) other markets for various reasons fail the litmus test of either
a tight spread or no slippage, or both … I’ll give credit where credit is due … and
that is, that Turnkey is as good as it gets when it comes to major pairs FX, and I
have nothing but praise for them and the LP’s that fill those orders … latency is
immediate, and slippage from bid or offer is either non existent or maybe a tenth
of a PIP … in any event, not a big deal at all.
I haven’t fully extended my volumes or leverage in Cable for the PAMM … first,
though, it should be noted that we’ve just come out of 5 years in the “BREXIT
wilderness” with Cable, where POLS & Apparatchiks used the pair as the
funding vehicle for the mistress funds every time they opened their PIE HOLE
… it made Cable extremely treacherous, but that shit is now O.V.E.R. … “The
Widow Maker” can now go back to being the independent “wild child” of FX,
which doesn’t behave well with other pairs, and in fact the correlations are
horrific.
But like ALL TRADING MODELS OR ALGORITHMS, you don’t get somethin’ for
nothin’, and somehow, some way, EVERY ALGORITHM has limitations … mine is
simple … low volatility [VIX], which can be measured easily as a proxy using the
20 Day Range MA … and when ranges shrink, no matter the reason, don’t expect
algo signals to retain their 95%+ profit advantage … today, the third day in a row
of absolute shit ranges and VIX during the European [some U.S. as well] session
that covers about 8 hours … today better than the previous 2, but that’s relative
… usually, you can expect about 5 - 15 very good algorithm scalp trades under
normal VIX … today sees 1, that’s it … why? … cuz nothing moved! … up a PIP,
down a PIP bullshit for way too long, then you get the mini spikes from hell that
go nowhere but scare the living shit out of most longs / shorts and get them to
cover … rinse, repeat, and you hopefully get the picture … hopefully, ranges
improve here shortly, but as I said yesterday, the Easter Holiday period
historically is not very good for trading … we’ll see.
One algo buy signal in GBPUSD … Turnkey PAMM / MAM UP SLIGHTLY.
Good signal, too bad there weren’t more of them … it is what it is … meanwhile
as I write, gold pukes to a double reversal low on volume and range in the New
York afternoon … anybody surprised? … stubborn high rates killing this market
in spades, as the 10 YR yield isn’t moving lower like many thought it would after
this morning’s disappointing jobless claims report.
Over in crypto, “The Syndicate” did nothing today … I’m looking at trading DOGE
tomorrow cuz it’s more stable … we’ll see, cuz the rest got “monkey hammered”
today.
Outta here … “the future’s so bright I need sunglasses”! 😎 … Onward & Upward!!
-vegas
