ARE YOU KIDDING ME?

 

“Hang Seng’s gone “Fruit Loops”? … Wait … Wut? … Get the CATNIP!”

When the opening M1 of the day has a 98 point range, the day sessions yields 

almost nothing, and then the night session opens and within a few minutes of 

the open, the market drops 230 points, with some of the M1’s putting in 50+ 

point ranges, what are you left with? “Well, I’ll tell you … you’re left with major 

trouble, cuz the swings in the bid/offer are so violent, your screen can’t keep up 

with the changes, all the while the spread between the bid/offer is somewhere 

North of 3 points and south of 55 points … oh, is that all? … and then it frickin’ 

D.I.E.S. ... Now what”? … And in a nutshell, that’s the story of today 

… “insane volatility and then Nada in about 10 minutes or less … are you kiddin’ 

me? … how in the hell does anybody trade this when conditions manifest like 

today around the opens/closes while spreads blow out and price changes can be 

anything? … and then it dies and pretends like nothin’ happened”!

This entire week has seen some really bizarre and violent 1) opens, 2) moves 

right before & after Lunch [04:00 - 05:00 server time], 3) jumps right before 

the day close [08:30 server time], and 4) moves at the night session open 

[05:15 server time] … add it all up, and you’re looking at a substantial 

majority of the day’s range occurring within minutes of any/all of the 4 listed 

above … “and that leaves nothing but bat guano, bullshit, drift for most of the 

rest of the day, littered with “false positives” from a buy signal perspective that 

can’t generate enough of a move down to justify the long position … yea, some of 

them work, but a lot of them don’t, and telling the difference between the two is 

impossible, unless you have a price decline of AT LEAST 70 POINTS … if not, 

all we can reasonably do is pass and wait”.

And since the massacre of the night session open, all we’ve seen is the slow 

upward drift up, where spec shorts get bled to death one M1 at a time, until 

each and every one of them has gotten blown out of the market … thank you 

bank’s … and the process repeats itself endlessly. “This is the trading day, and it 

sucks”!

Only one trade today … PAMM up a couple bucks on an early legit buy signal, 

but that’s it.

And really, that buy signal was “iffy” … given the week, though, it’s all we’re 

left with in a market that doesn’t wanna play … maybe it’s cuz it’s Summer, 

cuz it’s World Cup week, cuz President Trump is gonna be with Putin next 

week … who the hell knows, but the reality this week, was one to forget and 

move on to Monday.

Come Monday, though, if it continues to put in bullshit trading action, it’s time 

to use the “Hang Seng Explosion Algorithm” in either USDCNH and/or 

NDX100, where with a very simple modification of the algorithm, it works 

extremely well in these 2 other markets … that modification is to forget the size 

of the decline, with the aqua RSI line coming out of the 13.3 red line threshold 

… and with that, we can get profitable results in the other 2 markets … “cuz 

I’m not gonna sit around while the world’s most volatile market goes 

“sleepy time”, and I’m left wondering that the hell happened … we’ll simply 

move until action comes back … and believe me, while not quite as insane as the 

Hang Seng [nothing is], USDCNH & NDX100 are plenty volatile enough to see us 

hang out there for a while, to allow the nutjobs in Hong Kong time to find their 

“big girl panties” and start trading it again … simple as that … it’s why we have 

more than one market to go to for Plan B & C … there’s no guarantee something 

isn’t going to slow down significantly for a week or two … OK fine, we’ll be back 

when you get your shit together again … So, we’ll see how Monday opens Sunday 

night and go from there, but I’m not sittin’ around the week and waiting for 

signals that should be coming and aren’t … we got money to make”!

And with that I’m outta here … until Sunday night, when I post the 20 Day 

Range SMA’s for our markets, along with a brief blog post 

… Onward & Upward!!

PAMM Spreadsheet directly below.

 

Have a great weekend everybody!!

-vegas

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