“How
much of this came out of your account?”
You have always had a choice; either listen to the bullshit artists in the
MSM financial trading establishment [business schools, Wall Street analysts,
talking heads on business cable TV, brokerage house execs, etc.] or … and this is important so pay attention
… or … you can listen and take trading advice from people who have actually
“walked the walk” and made “shiploads” [i.e. millions] of actual, real money trading. And while it provides endless
entertainment to listen to financial bullshit coming out so fast from the
establishment press you need hip boots to not get stuck in it while you’re
laughing, in and of itself it isn’t ever going to deliver you where you want to
be; “wake the fuck up, you’re being
manipulated!”
“Whoa
there fellas … I never said ‘bacon treats’! … OK?”
The lure of “easy money” from the
comfort of your couch in your gym shorts, while the rest of the world dances to
the tunes of the “Pudding Business” are indeed powerful. But, the problem for
the trading public, of course, is that there aren’t very many people [if any] like
me who are willing to give you a set of keys to “the vault” and allow you the opportunity to “escape to
success” without first wanting to make at least one trip to your wallet.
SHOCKING NEWS JUST IN: “It has always
been this way.”
Take a trip sometime to the back pages
of any financial trading publication; scan the many pages of ads where
literally everybody is a fucking millionaire from trading. Go to a website,
call sales support [cuz there ain’t no such thing as “client support”] at
1-800-GET-MONY and talk to some guy named “JoJo” who will tell you that if you
buy now, within the next 5 minutes [and the clock has started] you can get the “system of a lifetime” for only $295
instead of what “Chumps” who order off the website pay at checkout, which is
$595. “All I need is your card number
‘Bro’, what is it?”
You squirm a little bit and finally say
to him, “Hey JoJo, do you trade and are
you using this?” And JoJo says, “Fuck-an-A
right … oh, sorry Bro, I’m just so excited about all the money I’m makin’
hittin’ all these markets … best shit I’ve ever seen!” And just like that,
the $295 is gone forever. And when you read the manual and find it’s all
bullshit hypothetical trading from Soybean back testing over a 6 month period
that was … how shall I say this? … “friendly
to the system” … you get a little pissed … and when you call that number in
the manual to get a refund because “you are not 100% satisfied”, you get a
very lovely ladies voice from the phone company informing you the number “is no
longer in service”. To ask the question is to answer it, “How fucking stupid do you feel now?”
And like the Westies huddled above, all
you wanted was a treat … “Hey, amigos, was
I the only one who smelled bacon?… I frickin’ swear, I heard him say ‘bacon
treat’!” … and now, not only is there ‘no bacon’, there ain’t no treat
either, and all you got is that sinkin’ feeling you been had.
Now, I want to make something 100%
crystal clear to all of you that read this; I’m not sayin’ my way is the only
way. Hell, there are many successful traders out there who make as much if not
more than I do or ever have; but you got a very big problem in that you have ZERO access to their methods,
algorithms, and have no way to communicate with them because they want nothing
to do with you, unless of course you literally send them endless streams of
money YOU DON’T HAVE.
The next big insurmountable problem most
of you have, is even if you’re as motivated to leave the “Pudding Business” as
the next guy, you have no idea where to
start your journey. In other words, there ain’t no “school” for traders!
ACME TRADING ACADEMY: “Trading Instruction for the Gifted!”
And here’s the “dirty little secret”
they won’t ever tell you in high school, college or business school, which by
the way are nothing more than “cottage industries” of Marxist, social justice
[whatever the fuck that really is] indoctrination: “it’s that way by design.” The world needs “worker bees” [i.e.,
Sheeple who buy into the global corporate vision of modern day American
business], and very much despises those who care about their own personal and
financial freedom rather than some dumb ass corporation.
I mention all of this, because the
website is very close to having all of the volatility algorithms that matter for your use within the next
couple of weeks [everything is here except the DOW30]; specifically, stock
indices [DOW30 & DAX30], gold, & crude oil. And while gold is my
primary focus, if one of these 4 markets ain’t movin’ and making money, there
isn’t anything else worth looking at either. Noticeably absent, of course, from
this list is FX. I’ve been saying for some time that FX has morphed into a
nightmare for traders and is untradeable; every week brings a new disaster dujour.
Pick your hours, pick your market(s),
follow the appropriate volatility algorithm, make money, close the laptop until
tomorrow, and go find your beach! Everything
you could possibly want from trading is here and it’s here for FREE with email support!
The “modern age” of financial trading
kicked off in the late 1970’s with interest rates, precious metals, and
currencies, but it wasn’t until stock indices [specifically the SP500 futures
contract] were introduced in April of 1982 that things really started to move
into high gear. Today, of course, the pits are gone and everything imaginable
is traded electronically; and through
going on 40+ years now, I’ve been an active trader in all of it.
It may come as a shock to some people, but
over the years and decades of my trading experience, there are specifically 2
markets that have done more to “clean the public out” of money than all other
markets combined; precious metals & stock indices. More specifically, gold
& the SP500, and as of late the DOW30; Wall Street has done a very good job
of “draining the swamp” of money the public had
in its possession.
What I find both interesting &
ironic is that both markets occupy opposite extremes on the “psychological
meter” of the American public and among retail traders; they hate stocks and
love gold.
Almost the entire retail spec trading
universe wants/desires to be long gold, and a hefty portion of long positions
spend time under water until they get stopped out; on the other hand, everybody
and their brother hates stocks and is usually currently predicting a “stock
crash” that starts with the next downtick in futures, so predictably they love
to be short until the buy stop gets executed with a loss.
The gold volatility algorithm, of
course, is already here and you can download it onto the LMFX MT4 platform [or
any other platform like ASSETS FX or somebody else] and be up and running the
algorithm within minutes. If you need help, cuz you’ve never done this before
and are a “Newbie”, simply download from the “Download Links” section of the
website in the right hand column the file “Algorithm Setup and Install on MT4”;
this is an Adobe PDF that will guide you step-by-step through everything. Both
ASSETS FX & LMFX have excellent XAUUSD trading conditions, and I recommend
these 2 brokerage houses for spot gold trading in 1 Oz. increments.
I am only about a week or so [maybe 2
weeks if I get lazy, but for sure before the Nov. 8th election in
the U.S.]
away from having the volatility algorithm in the DOW30 ready for release in the
“Download Links” section of the website. I’ve put the “intermediate” volatility
algorithms I’ve been working on for the last couple of months on the so called
back burner until after the elections; even though volatility has picked up
noticeably in the last couple of weeks in the DOW30, I feel strongly that once
the election is over volatility will move higher and stay there. So, I want to
get this released and into your hands [minds] as quickly as I can before things
really get interesting after the election.
Some of you may be surprised that I
chose the DOW30 over the SP500, but there are 2 important reasons for doing so;
1) spread with RT commission is significantly
lower than the SP500, and 2) the DOW30 is subject to less outright HFT
manipulation than the SP500.
So far, knock on wood & throw salt
over your shoulder, the “new” CFD for the DOW30 [US30] at ASSETS FX is a total
winner; spread with RT commissions is about 2.4 index points, and I was trading
it all last week AFTER I had finished
gold trading. I was pleased with minimal to no slippage on market orders to
either open a position or liquidate. Trading the DOW30 is in 0.10 lot
increments [$0.10 per index point], so you have the flexibility of trade size
to match your risk profile that isn’t available at other brokerage houses,
which is usually 1 lot CFD = ± $1 per index point price change [LMFX].
Of course, every stock in the DOW30 is
in the SP500, and generally speaking unless one of the DOW30 stocks has some
big news that severely affects the stock price, they both will track each other
throughout the day very closely. Roughly speaking, for every 1 index point move
in the SP500, you’ll see an approximate 9 - 10 point move in the DOW30.
Currently, under the best of brokerage house trading conditions in Europe for
the SP500 CFD, which usually aren’t available to U.S. citizens, I haven’t seen a
bid/offer trading spread on the SP500 CFD under 0.40 index points. Maybe
there’s one out there, but I haven’t seen it; given that, though, and assuming
the correlation with the DOW30, what sense does it make to trade the SP500 CFD
when the “net cost” to do so is approximately 100% higher [or even more!] than
that of the DOW30? “Sorry, it doesn’t
make any sense to pay at least double the cost to get the same basic profit or
loss on a trade.” And so, for now at least, I’ll trade the DOW30 over the
SP500 every time.
The DOW30 CFD is currently slightly better
at ASSETS FX than at LMFX; however, there are 2 factors here that must be
considered. 1) ASSETS FX history [2 years this month] with stock indices has
not been a good one; three times before, everything started out “good”, and
then suddenly went to “shit in a hand basket” rather quickly, leaving stock
indices traders sitting at their screens one day asking themselves, “WTF is this?” Yes, things so far have
been excellent with this “new” LP; let’s hope they don’t fuck this up, and 2)
ASSETS FX no longer accepts U.S. clients, so if you are a U.S. citizen or
resident and don’t currently have an account with them that got
“grandfathered”, you’re SOL.
So, here we are on a Monday morning with
what looks and very much feels like “mindless chop” in gold; stuff just can’t
out of its own way, and 6 days later from the NFP debacle, the market is still
stuck “inside” the range from that Friday [1241 – 1266]. It’s going to take a
move above 1266 to get anybody that is seriously short with some big positions
to start feeling nervous and maybe cover and push prices higher; until then,
it’s all “noise” on the daily chart and right now we’re still $11 - $12 away
from that.
Directly below 2 trades from today; the
first made a couple of pennies per Oz. after commissions, but basically a
scratch trade when the market turned around, and the second trade captured a
couple of pennies shy of $3 per Oz. The
second trade I liquidated per algorithm rules after a large above normal spike,
since the trade started, and the next subsequent appearance of any M1 that
turns red. Both positions [white arrows] taken when the plum line slope changed
from negative to positive, plum line under
yellow line, and finally because the market was above the daily calculated white horizontal line. Easy peezee!
[“And no, we ain’t goin’ to the beach yet
… what? … a bacon strip? … why? … ‘cuz wez made mony’!”]
Quite frankly, with the way this crap is
trading, until something proves to me this stuff can break out of its recent
doldrums with pitiful daily ranges, these will most likely be the only gold
trades I’ll make today. Now that we’re about an hour after these 2 trades, and
looking at the pathetic trading action, these are definitely the only trades
for today in gold.
And once again, the volatility algorithm
‘rings the register’; “how many umpteenth
days/weeks/months in a row now? How many losing days? [crickets!]”
Ok, time for a round of golf, followed
by a wonderful lunch, and then it’s back home to pick up “you know who” for an
afternoon trip to his private playground, otherwise known as the beach. Another
day another Dollar; I’m sooooooo outta here!
Have a great day everybody!
-vegas
OPEN A DEMO AND/OR LIVE ACCOUNT AT THE LMFX
LINK IN THE “DOWNLOAD LINKS” SECTION OF THE WEBSITE TITLED “OPEN TRADING
ACCOUNT – DO IT NOW!”
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