SUNDAY UPDATE: FX CHOICE PAMM / MAM

“Take your pick … 2 ways to do it … it’s not gonna happen by itself!”

OK, Holidays are over, 2020 is here, time to focus on making money honey!

… I’m trying to make this as easy and cost efficient as possible for you, dear

reader, but as always YOU make my job harder cuz you just sit on your ass and

do nothing … well, not ALL of you, but too “Hoover Dam” many of you that’s for

sure! … everything y’all say you want and desperately need is right in front of

you, like low hanging fruit from an apple tree, but too many of you sit there and

expect that apple to get picked when? … by itself? … can’t reach up and take it?

… right, extremely difficult [snark] … EXIT QUESTION: “assuming Trump wins

reelection, cuz his opponent will be a communist, socialist, America hating,

terrorist loving, “Libtard Loon”, who wants trading to make them “financially

well off” and throwing off huge amounts of cash for themselves and their

families, by this date come 2025”? … if you said “NO, not me”, stop right here

and go to another web page.

Not that it takes that long, but if you start with a low amount of money in your

trading account [under $5K], as I have outlined on the blog before, within 3 - 5

years your financial life can be positively changed for the better … there are 2

ways to do this.

The first is the FX CHOICE PAMM / MAM, where I trade DOW30 each day with no

overnight or weekend carryover RISK whatsoever … I won’t say ALL trading is in

the NYSE trading session, but for the most part it is … I trade the DOW30 CFD

there cuz FX CHOICE offers one of the very best trading conditions in this stock

index … unless there’s news, the “net cost to trade” is between 2.0 - 2.5 index

points, and there are NO commissions [sadly, their SP500 CFD is not very good]

… and more importantly, slippage on fills is minimal, which is more than I can

say for bucket shops that quote tight spreads that are totally phantom bullshit,

and then fill you somewhere in the next universe with a shit fill way off the

market [say hello Turnkey & Coinexx!]… KYC to open an account at Belize based

FX CHOICE is simply a government issued ID, and if you want things to run easy

& smooth, especially with deposit & withdrawal, you’ll fund with BTC … my fee

is only 17% of profits, one of the lowest, if not the lowest of any legitimate

money manager out there … while FX CHOICE has no minimums to fund, I ask

that people place a minimum of USD $200 to join, which pretty much guarantees

participation in trades at least for now, unless I’m forced to raise the minimum at

some point in the future … I started trading the PAMM / MAM on October 28, 2019

using the Scalpers Algorithm in Chapter 6 of the “Traders Course” [TC] … about

a week to 10 days ago, I incorporated additional scalping techniques from

“Traders Course II” [TCII], which is for GBPUSD, but in reality further analysis

shows can be used for any volatile market that has decent IVIX [intraday

volatility] and very low costs to trade … the performance of the

FX CHOICE PAMM / MAM since inception is directly below.

click on ANY chart or table to enlarge

The fund’s goal is to return 50%+ per year to participants, and although I think it

can do better than that, in the “88/6/6” trading paradigm U.S. stock indices are in,

historical statistical analysis shows there is a very high probability this return

can be generated … the important criteria is KNOWING THE PROPER PARADIGM

OF TRADING FOR THE MARKET YOU’RE TRADING, and many of the habits,

patterns, and trading action from my floor trading days I’ve incorporated into the

TC & TCII algorithms.

One thing I know is human nature … and I know most of you reading this don’t

pay particular emphasis on having a “million dollar trading account” … oh sure,

it would be nice, but that’s not my point … what’s most important to the vast

majority of people is the question, “how much would I have to start with to get a

6 digit dollar income from trading, and how long would it take”? … and here’s

your answer assuming slightly better returns than 50% per year … starting with

$3,000 and never adding additional amounts, about 5 years … AND just as a side

note, if the PAMM / MAM returns what I did for participants when I was on the

trading floor, and let me remind you that trading conditions today are better than

that, then $1,000 to start would be yielding a 6 digit dollar return within about

1 ½ years … not predictin’, just sayin’ … history is history and it’s all verified, so

there’s that. This is one option if you either don’t want to do it yourself, or feel

you can’t do it yourself … cost is minimal and everybody has the time.

There’s an FX CHOICE logo link in the upper right column of the blog … to join,

simply “CLICK” on the logo and follow directions … preferably fund with BTC

[Bitcoin] and make everything super easy & cheap … any questions, simply

email me.

The other option is that you do this yourself … save yourself 17%, set things up

and do it … the TC & TCII you can get FREE by opening an account at PRIMEXBT

through my affiliate link in the blog header … PRIMEXBT does not offer CFD

trading in the DOW30, and quite frankly their CFD offerings aren’t competitive

anyway cuz their commission structure is way, way too high and makes the

“net cost to trade” very expensive … but their FX [which includes gold & silver] is

the very best out there with exceptionally low bid/offer spreads, super low

margins, very low round turn commissions, minimal if any slippage off bid/offer

on market orders, and lightning execution times … all with NO KYC TO OPEN &

TRADE AN ACCOUNT, AND ACCOUNT BALANCES HELD IN BTC … what the hell

more do you want? … however, more than likely most of you don’t want to trade

the U.S. stock indices, and prefer to trade something else … fine … whatever it is,

make sure it is volatile enough to make it worth your while, AND the cost to trade

it is AT OR CLOSE TO the very lowest it can possibly be.

Or, send me $60 in BTC and trade wherever you want and pay higher fees … if

you like driving down the highway and throwing $20 bills out the window, then

choose this option, cuz if you’re trading anything inside crypto OR FX, if you’re

not trading at PRIMEXBT you’re giving money away for nothing … it could be

from slippage on shit fills from phantom bid/offer quotes, it could be high

bid/offer spreads, or it could be from high round turn commission costs … what’s

the difference, it’s costing you money? … and what amazes me to this day, is that

there are people who will agonize for weeks over a dishwasher they need to buy

for the kitchen cuz the old one died, who will drive 200 miles to save $10, and

spend 200 hours on the internet trying to find the “best deal”, and yet at the same

time give away to scumbag LP banks & brokerage houses THOUSANDS OF

DOLLARS A YEAR FOR NOTHING on their small trading account, and don’t think

anything of it … time to wake up and smell the coffee!

Trading costs MATTER! … and to that end, directly below this week’s “VIX

MATRIX TABLE” …, if you haven’t done so already, spend some time looking at

the table and ask yourself why you’re not trading the markets in “green”?

Directly below, this week’s 20 Day Range MA’s for selected volatile markets by

group, with some comments.

FX CABLE & CROSSES

IVIX picking up in Cable, and hopefully this trend continues … the crosses not

seeing that dramatic a pickup simply cuz this last week was a “risk on / risk off”

trade and the FX group went up/down versus the dollar, thus making the crosses

not quite as volatile as dollar pairs.

STOCK INDICES

Even with the large daily range increases seen Friday cuz of Iran troubles, IVIX

continues to show lower data overall … major U.S. indices scraping the bottom

of the barrel from the last couple of years when it comes to their 20 Day Range

MA’s … of course, the catalyst for this drop in IVIX is the FED, who are hellbent

on killing stock volatility.

PRECIOUS METALS

Even with increased geopolitical tensions last week, and therefore a larger daily

range in gold, it’s not enough to halt the downward fall, especially in the New

York session … and silver didn’t really do anything special at all … looking at its

daily ranges last week, you wouldn’t think anything at all happened in the world.

What especially intrigues me right now is silver … yes, it’s a heavily sell side

manipulated market by the likes of the “CRIMINAL” JPM & crew, but at

PRIMEXBT you have 1) a very low bid/offer spread, 2) almost meaningless round

turn commissions, 3) lightning execution times on orders, and 4) at present about

a 25 cent range every day … add it all up and it’s the cheapest to trade of ANY

MARKET ON THE BOARD, while maintaining high IVIX … I have to do more work

on silver to see if it’s a viable trading candidate, but what I also like from

PRIMEXBT is that you can trade silver in 100 OZ. increments, thus tailoring it to

almost anybody’s risk tolerance and making each penny move scalable to $1 per

penny move … more on this in the days & weeks ahead … just another reason to

be at PRIMEXBT IMHO.

Over in “Download Links”, I’ve added historical 2018 20 day range MA’s in SP500,

DAX30, Gold [XAUUSD], & WTI Crude Oil … I’ve also added 2019 data for all of

our markets … view them at your leisure for perspective, or download them if you

wish.

First full week of 2020 and markets are roiling cuz of Iran … outside of causing

headaches for the world, and reminding everyone what appeasement leads to,

instead of meeting the threat head on, this is what we get to deal with thanks to

former feckless dipshits in power who kicked the can down the road to the

present … should be interesting … until tomorrow mi amigos

… Onward & Upward!! 

Have a great rest of your weekend everybody!

-vegas

SIDESTEPPING RISK

“Took a position overnight? … this is what you bought yourself!”

Last night will forever be remembered as the night certain Mullahs learned the

hard way that Donald J. Trump isn’t Carter, Clinton, Bush, or Obama … and

others with positions, whatever they may be, learn equally well what the word

“risk” means … unfortunately, it’s too late for the dictionary, the market has

showed you up close & personal.

People never learn, especially those who live inside a bubble of their own

making, then will tell everybody after they got destroyed, that it wasn’t their fault

… and so, when I tell people to avoid risk by not taking positions home overnight

or over the weekend, I get the “eye roll” or shrug of the shoulders, and WTF is

he talking about? … well Skippy, today you get to find out!

“Plunge Protection Team” [PPT] working overtime today … remember, they’ll let

you sell and slap the indices down … they’re not there to sop up selling like a

sponge soaks up water … nope, they’re there to punish your ass when you’re

done, cuz they’re gonna make you look like a complete dope for selling into a

mini meltdown … and today, sure enough, all I have to do is ask the question,

“what changed in an hour from 14:00 to 15:10”? … “I’ll tell you what changed

… the PPT got word from the scumbag LP banks that selling had dried up … and

Bingo!, Bango!, Boom!, stocks miraculously take off to the upside by about 100

“Tulip Bulb 30” index points … what a coincidence, huh”? … what escalating

tensions? … what war? … what? … new recorder-er-er-er-er all time highs by the

close … oh it’s wonderful to believe isn’t it? … “Dr. Goebbels call your office, or

please pick up the white courtesy phone”.

Feel manipulated yet?

And like the sun coming up in the East every morning, count on the PPT to be

there any time the “Tulip Bulb 30” is down more than 0.5%, and the market starts

to go down … meaning of course, on the cash NYSE open, here they come that

didn't take very long did it? … It’s always nice to ride their back to “victory”, and

let them do the heavy lifting … and of course, shorts get killed by the tune of 140

index points in 4 minutes right in their face … it’s good to be a gansta! … please,

don’t even call this a “market” … it’s an overt Ponzi manipulation scheme to be

taken advantage of and profit … but a market? … what a fucking joke.

On days like this, where there are significant geopolitical events that shape

markets, and what I’m talkin’ about is the “risk on / risk off” paradigm, what you

have to remember about GBPUSD [Cable] is that the GBPJPY cross drives a lot

of trading, and USDJPY can be … can be … a big “risk on / risk off” driver of

Cable through the cross … and today sees major flows into the “risk off” circus

tent … so when I get up and see the destruction early this A.M., I know ahead of

time that trading Cable today is going to be very, very rough … and sure enough,

as people melt up & melt down stocks with abandon, Cable is gonna piggyback

stocks higher and stocks lower, and you can forget everything else … of course,

the problem is if they stop correlating, and if you're on the wrong side it could be

very painful … no guarantees evahhhhhhhhhh that the correlation trade holds

up … and so, this is a great big invitation to the “Flying Wedge of Death” [FWD]

to show up, and yes it did!

One algorithm trade today in Cable in the TURNKEY PAMM / MAM … UP slightly

in chop.

This was tough trading, and conditions didn't help one bit … by mid morning, it

felt like European accounts were headed to the exit gates … and that means

trouble for traders simply cuz you don’t want to be dealing with the ‘CRIMINAL”

New York banks … guaranteed shit fills, and lots of slippage, from the likes of

Squid, JPM, and the other undesirable Hustlers that call Wall Street home … fuck

these guys, I’m not doin’ business with ‘em … they’re thieves, plain & simple.

Hopefully come next week, as the entire world comes back from Holiday, trading

conditions improve.

Noon in Gotham, and the manipulated Ponzi scheme known as the “Tulip Bulb 30”,

hasn’t broken its opening, 4 minute PPT ramp range … nothing says lovin’ like the

PPT manipulating stocks … after that, it’s a clusterfark of chop.

One algorithm buy signal in the DOW30 today … FX CHOICE PAMM / MAM UP

SLIGHTLY MORE THAN 0.5%.

Thank you manipulators for the profits … keep up the good work for us.

And now, here in the Friday afternoon trading with ‘CRIMINALS” making a market,

who wants to make a friend? … well, I don’t … outta here early today, back at it

Sunday night … blog update on Sunday … until then mi amigos

… Onward & Upward!! 

Have a great weekend everybody!

-vegas

VOLATILITY HIDES TRADER SINS

“Did you pass or fail!?”

OK, you might fool some of the other elephants, but the herd ain’t gonna fall for

it … and in trading, we are the only fools! … fools to believe the truths of trading

come from life experience and/or education … EXIT QUESTION: “if true

knowledge makes you a “winning trader”, doesn’t that mean that knowledge can

be passed on to others, and within some period of time, the entire world are

“knowledgeable” traders and everybody is a winner”? … well, how can that be in

a “zero sum” game that has consistently shown over time that 10% make all the

money, and 90% make all the deposits to the other 10”? … I seem to have

uncovered a great paradox here, or have I”?

The amount of outright lies, half truths, and bullshit alone regards “trading” could

fill half the Pacific Ocean, but here’s the “dirty little secret” … “everything has to

happen eventually, and in that toxic soup of probability, all of your “bad habits”

and “stupid shit” might make you money … and looking at that elephant so poorly

dressed up as a tiger, you as a “oh, I so wanna believe” human fall into the trap

of assuming you’ve discovered something when you haven’t … what you’ve

actually discovered is that IVIX [intraday volatility] bailed your donkey out of

trouble and saved you, not your “trading genius”.

For over a century, it used to be common “knowledge” in trading markets, that

certain levels of volatility always had to be there … after all, markets are the

human “fear & greed” cycle at work, and that leads to volatility … then came the

“Japanification” of certain markets in the 1990’s and most didn’t notice or care

cuz it was all in Japan … then came the financial crisis of 2008, and from that we

now have central bank manipulation all over the place … “it’s quite simple really,

they got the CNTRL-P machine and we don’t! … and for years afterward, nobody,

including me, wanted to believe what our eyes were telling us as professional

traders … namely, that trading “heresy & blasphemy” was being committed by

the government … “surely this would end soon, right? … well no actually, one set

of commandments was destroyed and another written into stone”!

The only truth in trading are probability wave functions, and if you doubt me, then

get ready for account destruction … I can’t help but chuckle when I see

‘Hucksters” on the internet selling worthless crap … the common thread of course,

is that your wallet is under attack … I would simply say by comparison, that

nothing I write, publish, or offer is going to make anybody suffer financially by way

of their bank card … I’ve got proven performance AND I show you how to do

everything with NO COST TO YOU, and quite frankly tell you and everybody else to

use a demo first and see for yourself.

Fact is, the only truth in trading is that the foundations of volatility are built on

shifting sands, and that when you get right down to it, your trading model MUST

take this into account and be able to adjust to it … nothing can be assumed … and

that’s exactly the premise behind “Traders Course II” [TCII].

GBPUSD today sees one good algorithm call … TURNKEY PAMM / MAMM UP A

HAIR SHY OF 0.1%.

Really a strange day trading action wise in Cable … yes, the day’s range is good,

but the intraday trading action from the European open to the close sucked … way

too many very tiny range M1’s followed by spikes, as it seems the market isn’t yet

ready to get down to 2020 business yet … that was followed by a nice rally after

U.S. stocks opened on the NYSE, but then Cable fell out of bed again, going

“Thelma & Louise” down stair steps … so far so good with Cable at Turnkey, as

fills and execution times were acceptable … I didn’t say great, I said acceptable

… PRIMEXBT beats the shit out of them on execution time … but I can’t complain.

Turning to the Tulip Bulb 30” … well, just keep your eyes peeled on the electricity

usage of the CNTRL-P machine … it’s humming along on MAX, and remember,

“stocks must never be allowed to go lower ever again” … until they do of course

and the back end of the “88/6/6” paradigm shows up, and SHTF so badly it splatters

over everybody invested in stocks rather quickly.

Today’s “vapors” moves in stocks come courtesy of the ChiComs, who over the

Holiday cut their Reserve ratio for banks, thus injecting massive amounts of

liquidity into banks … the HFT’s see this and go nuts, and we open 200+ higher at

new recorder-er-er-er highs [until a few hours from now where its rinse & repeat]

… some days you just can’t make this shit up it’s so “effed up”, but manias, even

ones created by dumb ass FED Twits, come to an end … problem is, when the end

comes it will take no prisoners & trap pretty much all investors who have nothing

but greed in their eyes … it won’t trap us, cuz I trade it, I don’t invest in it … I

simply use the manipulators to do their dirty work for us, and make us money

… nothing more, nothing less … again today, a pathetic range for the DOW30,

although it’s early, but it shows no signs of galloping higher … maybe it does,

maybe it doesn’t, I simply wait for the corrections and buy the break … then wait

for the usual suspects to rampo stocks … I could care less if the DOW30 is at

5,000 or 50,000 or anywhere in between … it’s an ATM, nothing else.

One algorithm buy signal in the DOW30 … FX CHOICE PAMM / MAM UP 0.2%.

… until tomorrow mi amigos … Onward & Upward!!

Have a great day everybody!

-vegas