DÉJÀ VU BABY!!

 

“If baseball doesn’t work out, come trade FX … your brain is perfect!”

 

Take everything I wrote about yesterday, and scroll today’s M1 in EURUSD; “you’ll be quoting Yogi before you know it”. Criminal to be sure, but there isn’t anybody interested in stopping it. Once we get into next week, this type of BS should go away for the most part … at least not nearly as prevalent as this week.

Short post today … it’s Friday before New Year’s Eve on Sunday, and nobody cares much about trading. I’ll have post on Monday, setting up the New Year and what I’m looking for.

I go to place a limit order to sell above 1.20 as EURUSD is making new highs above 1.19970, in case they decide to run the stops above the century mark, and when I place the order … BAM! … you’re filled buying at 1.19987. Wait … what? And by the way, this isn’t the first time this year this has happened … Ok, so I figure, well as long as I’m long, either fish or cut bait … break 1.20 or go down and let me lose a few PIPS … it chose the later of course … mistakes or errors almost never work in a trader’s favor. Oy vey. After a chat with tech support at Turnkey, found out the problem … shouldn’t ever happen again.

Other trades for very small profits, as the market went in our profit direction, but then came back quickly. All totaled up, looks like collectively down about $30 something … but no matter, it could be up $30, I don’t really care. I don’t want people to misunderstand, sure I want to make money, but since I started trading EURUSD, volumes have been small for a reason and we’ve either been on the cusp of Holiday markets, or now smack dab in them. Point is, there is more at stake these last few weeks than whether I made $20 that day; what’s at stake has been 1) trading pattern, 2) action at or near high/low of the day, 3) gap and spike action, 4) scumbag LP willingness to execute orders at the market with very minimal or zero slippage, and 5) trade attributes as the market shifts from Europe to the U.S. and patterns of behavior consistently seen. All of this matters, and I’ve used the time to our advantage.

Quite frankly, today, this week, the whole month of December, and getting us to this point where we have a solid, good, non-correlated market to trade, points to Tuesday of next week … start of 2018 … for larger volumes, much bigger profits, and staying in trades longer. The monies up ‘till now in December, won’t even be rounding errors for what starts Tuesday … that’s the context of why I say I don’t care about whether today is ± $30, cuz come Tuesday it won’t matter going forward.

It’s taken all of 2017 to find the correct market to trade … been right in front of my face the whole year, EURUSD being about the simplest pair on the board … over looked it, and that led me astray, which is my fault, and bluntly speaking should have been in this thing from the Spring on … the key now, is that the Holidays are over, and trading comes back to normal. In 2017, I battled the central banks in first gold, then the stock indices … wasted too much time in retrospect with them, cuz they are most definitely NOT the markets they used to be … then I had to handle 2 CAT 5 hurricanes, within 2 weeks of each other, that put me down for September, October, and half of November; 10 weeks on ‘Gilligan’s Island’ that was truly a nightmare; all the while markets move massively and I’m left sitting watching cloud formations wondering what’s happening in the world. Well, all that brings us to now … and it’s time, now that the correct market is FINALLY in play, to start the heavy lifting and bring about hefty profits … and while I apologize for the detours, I intend to do that, and the journey starts Tuesday. Onward & Upward!!

I went to Best Buy and [see my shocked face], the “whiz kid” couldn’t figure out the software bug on the spreadsheet … so he got his boss over and his boss says he can do it tomorrow [tonight] at 6, cuz right now he’s got 3 other things to fix before they close at nine; so, I’ll head over again tonight and hopefully, the level 2 boss can figure it out. He asked for my name; I told him, “George Costanza” from “bizarro world”. Anyway, when it gets fixed I’ll put it up. I’m outta here … until Monday afternoon mi amigos; please have a safe New Year’s Eve and don’t party too hard [yea right].

Have a great New Year’s weekend everybody!

-vegas

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