SUNDAY UPDATE: MAN FLU ALERT

 

“I thought I was gonna die!”   

In one hour on Friday afternoon, I went from feeling great to seeing triple, 

muscle cramps, fever, body ache, along with a severe case of the chills 

… “ladies, you got no idea the burden of man flu … can I get some lovin’’ 

though”? … the dog already has his duffle bag packed, ready to go to the 

resort kennel on another island … “oh, I see how it is … and the Mrs. says as 

she’s tucking me into bed, that she’ll check up on me when the coroner … I 

mean doctor … shows up in a couple hours … btw, does the debit card still 

work? … and both of “em are having a jolly old time as they walk outta the 

bedroom”.

I remember nothing from Friday afternoon to early this Sunday morning 

… I’m still a little “fuzzy” around the edges … hopefully, I’ll be well enough 

to post some comments tomorrow … but for rright now, getting the update 
done and posted is taxing me to my limit … directly below the weeks charts of
 the 20 Day Range MA … GBPUSD can be found over on the 
Traderzoocrude page. 

 

click on any chart to enlarge

 

 

Until tomorrow mi amigos … Onward & Upward!!

  

Have a great rest of your weekend everybody!

-vegas

 

GOLD TRADING AS TORTURE

 

“Obviously, you’re watching gold trade, aren’t you!?”

Short blog post today … I’m still fighting that bout of “man flu” I had, and it’s 

still affecting me … in any event, gold overnight showed the deadest trading 

conditions I think I’ve ever seen in trading … followed by a very slow roll up in 

New York, with the occasional blitz’s to the downside that trap retail specs 

… first down 7 days in a row, now up 6 days in a row, until these last minutes 

that see the 1220 level get threatened  … none of this makes any sense, and if 

the Norks had any brains, they’d simply show torture victims a chart of gold 

and have them watch the M1’s … within a week, they’d be begging for mercy.

The problem in gold right now, is simply “TNT & Crickets” … active one 

second, dead the next … throw in dealer stop hunt bullshit [see today’s high] 

and the usual daily “scumbaggery”, and these last several weeks have seen 

some very treacherous trading conditions to say the least … add to that, the 

complete disappearance of Asia & Europe, and what you’re left with are very 

tight ranges going into New York trading … and that almost guarantees 

complete “scumbaggery” from the metals dealers in New York … “Flying 

Wedge of Death” [FWD], mystery ticks, stop hunts, and the “slippage meter”  

set on “double MAX” … good luck.

In other words, there is no “flow” to the trade right now … it’s either straight 

up or straight down, turn on a dime, and totally screw either longs or shorts or 

both … and then comes the “dead periods”, where gold can’t move 40 cents in 

an hour to save its life … for example, this morning, after being open for 13+ 

hours, it can’t even manage a $5 range … then in 100 seconds it moves $3 

… then its straight up to the high of the day, before getting clobbered $8 

straight down … “by the time the retracement comes, you don’t want it anymore, 

cuz you realize it’s not coming back, and the only thing you’re doing is taking on 

risk for no reason”.

No PAMM trades today, but I did close out a C2 options trade.

The market simply leaves us with very few decent choices for positions … at 

least 75% of the day, our proprietary “volatility heat map” is showing intraday 

gold VIX levels to low for a algo signal trade … then gold explodes, and within 

minutes goes back to being dead, only at another price level … from there, 

there is no price follow through up or down, and we’re right back to where we 

were before the move … frustrating sure, but we just wait it out is all.

Tomorrow should be OK, but Thursday’s Holiday & Friday will most likely be 

dead, and not worth trading … let’s hope gold picks up in terms of range & 

intraday volatility, cuz without it, all we’re left with is dealer bullshit and 

manipulation of price. I’m outta here … back to bed … until tomorrow mi 

amigos … Onward & Upward!!

Have a great day everybody!!

-vegas

OUR TURNKEY FOREX “PAMM/MAM” IS OPEN AND

OPERATIONAL, AS WELL AS OUR C2 OPTIONS ADVISORY 

SERVICE.  DETAILS IN “DOWNLOAD LINKS” SECTION IN 

RIGHT HAND COLUMN. START YOUR JOURNEY FROM 

WHERE YOU ARE AT TO “ESCAPE TO SUCCESS”!

 

TRADING DEFINED

 

“Row your boat … what’s the worst that can happen!?”

I’m still under the weather, so to speak, … “man flu is deadly ladies … I 

thought I was gonna die”! … so, today’s post is gonna be somewhat short 

… trading most markets has devolved into a “binary event”, i.e., it moves, it’s 

over, wipe the tears away, WTF happened?

Gold today simply pitiful in its trading action … overnight saw nada in the 

Asian session, and then very light, persistent European selling up to the New 

York session … 5 hours straight down in the early European session, but that 

5 hours saw price go down about $4 … some light stops underneath 1199, 

which came on mystery ticks, but the problem for gold now is can it 

stabilize? … forget can it rocket up … it first has to stabilize, then it can take 

out stops on the upside afterwards.

I was up early, and the market saw very little action, so I retired again … got 

up later, and again New York turns into a pitiful exhibition of gold trading, 

and once again gold can’t hold even the most minor of rallies … it doesn’t 

rally enough after 7 days of selling to warrant a short position, and it can’t 

hold a rally for a long position without large risk exposure. And for like the 

umpteenth time lately, gold can’t hit or surpass its 20 Day New York Range 

MA … outside of a couple of bigger down days, the MA would be worse 

… Asia no help as well, as it looks like both the “Chuckleheads” & Mrs. 

Wantanabe & Gal Pals are on strike … very tiny ranges, not worth trading.

No trades today, either PAMM or C2 options advisory … hopefully tomorrow 

sees better action, and I’m interested in seeing if the market can hold this new 

1196 level put in via sell stops … meanwhile, crude oil continues to get  

“monkey hammered”, down “bigly & yuge” to the $55 handle on the WTI 

… 12th day in a row down, an all time record for crude … from the 70’s to the 

50’s in 12 days … “go ahead, Twits at the FED, raise short term rates some more 

… everything is F-ing awesome in your faculty lounge … don’t worry about the 

global depression on the horizon, or anything like that”.

I’d sell a decent “dead cat bounce” rally, but $3 - $4 ain’t it … it looks and 

feels like there is more to go on the downside, and only a move above 

1215 - 1220 will change the negative tone … until then, look for rallies to be 

sold.

I’m back to bed … this stuff has simply killed my stamina … onto tomorrow 

… until then mi amigos … Onward & Upward!!

Have a great day everybody!!

-vegas

OUR TURNKEY FOREX “PAMM/MAM” IS OPEN AND

OPERATIONAL, AS WELL AS OUR C2 OPTIONS ADVISORY 

SERVICE.  DETAILS IN “DOWNLOAD LINKS” SECTION IN 

RIGHT HAND COLUMN. START YOUR JOURNEY FROM 

WHERE YOU ARE AT TO “ESCAPE TO SUCCESS”!

 

SUNDAY UPDATE: GOLD STRUGGLES

 

“Through the veil of sickness, I sense some sarcasm in her voice!”

First some bookkeeping … directly below the 20 Day Range MA’s for gold 

… and as you can see, the blue New York MA just keeps going lower.

 

click to enlarge

After I posted on Friday I crashed … I wake up from a dream where the dog is 

telling me, “hey ya know, it’d be a shame to leave all that deli roast beef in the 

“impenetrable bacon box”, what with your impending death and everything … ya 

know she isn’t gonna give me any of it after you assume room temperature … you 

need to get up, and let’s go have us some roast beef one last time”! … so, I get out 

of bed, stumble towards the kitchen with the dog in tow, and the Mrs. is up and 

says, “whoa cowboy, where you going to”?

“Some roast beef”!, I say … “what”? … “yea, the dog says he needs some before 

I die of man flu … cuz when I’m fish food, you’ll keep it all for yourself and he 

won’t get any” … “oh, is that what he says does he”? … “yea, he was tellin’ me, 

so I got up”. And like a prisoner who has escaped his cell, I get led back to bed 

after the dog gets some roast beef … where’s the dog, I don’t see him … “the 

Mrs. & I are bestest of pals, now that she gave me some roast beef PLUS cheese, 

PLUS a piece of bacon … we’ll be hangin’ out watchin some movie, you go back 

to bed now … good luck … adios … who was that guy anyway”? 

And while I’m not 100% yet, I don’t have that “I’m dyin’ over here!” 

mentality either, that I had on Friday … with TLC from the fam, I should be 

normal by March.

Well, gold and everything else got “monkey hammered” on Friday … and in 

case you hadn’t noticed, WTI crude oil did something it has never seen in its 

trading history, going back to the 80’s … it’s been down 10 days in a row, a 

new all time record. “If I didn’t know better, I’d think the idiots at the FED 

were trying to engineer a worldwide depression … yes, by all means, let’s raise 

rates some more”! On the horizon in a couple of weeks is the Trump - Xi 

meeting at the G20 in Argentina … not saying anything will come of it, but it 

has the potential of being an explosive market mover. Anyway, back to bed, 

and with a good night sleep, I should be OK tonight and tomorrow. 

Have a great rest of your weekend everybody!!

-vegas

OUR TURNKEY FOREX “PAMM/MAM” IS OPEN AND

OPERATIONAL, AS WELL AS OUR C2 OPTIONS ADVISORY 

SERVICE.  DETAILS IN “DOWNLOAD LINKS” SECTION IN 

RIGHT HAND COLUMN. START YOUR JOURNEY FROM 

WHERE YOU ARE AT TO “ESCAPE TO SUCCESS”!