“OK market guru, what the hell do you do when volatility collapses?!”
Today’s blog post, is in no way rhetorical … “seriously, what the hell do you
expect from me when intraday volatility literally collapses upon itself”? Last
night’s H33HKD, the biggest trading joke I’ve seen to date … not even a 200
point range before the Lunch break, and one signal that went totally nowhere,
and most likely if taken would have been a loser … fast forward to today’s
NDX100, and since the open we’ve seen about a 30 point range.
Over the last year, I’ve battled corrupt markets, and even more corrupt
scumbag LP banks on the MT4 trading platform … “if it’s not outrageous
spreads that creep in [hello crude oil], it’s slippage that is at times criminal
… when the PAMM gets mugged and held up like a 7-11 robbery, am I supposed
to just “take it” and shrug? … is that what people want? … well, not gonna
happen on my watch, so I move on, despite the lies and deceitful bullshit I’m
given by both Turnkey and the scumbags at the banks … in case you haven’t
figured it out by now, they’ll say anything to keep you trading”.
The good news? … those days are behind us. Now, all we need is one key
ingredient.
And so, before I can really “make hay” with any algorithm, not just the
“Explosion Algorithm”, I need honest markets with fair fills … I’m sick and
tired of getting bent over the barnyard railing and told, “hey, it’s Ok, that’s
what we do”!
Right now, on the entire MT4 trading platform, and using Turnkey as the
brokerage house, there are only 3 markets worth a shit to trade, where the
volatility is good to excellent, the spreads excellent, and most importantly the
fills usually have no slippage … and if they do it’s very minor; they are
1) H33HKD, 2) NDX100, and 3) USDCNH … with maybe XAUUSD thrown in,
if that market can ever get any of its volume and customers back to trade it
… a very big “IF” at the moment … but these are the ONLY markets;
everything else is an invitation to get robbed.
Sorry, but since the first of July, H33HKD intraday volatility has fallen off a
cliff and gone “Thelma & Louise” … buy signals are few and far between, and
the ones we are currently getting are shit … not cuz the algo isn’t working, it’s
cuz volatility has collapsed and the parameters of the signals have collapsed
with it, thus making extremely tiny moves much more important than they are.
In other words, you can’t trade it when it slows down or you’re asking to get
“monkey hammered” when VOL comes back … and “when” that happens, all
those little winners get eaten up with 1 loser and you’re still down money.
Ok, that moves us into the U.S. day, where the best market is NDX100 … good
volatility, probably the very best spread by industry norms, and no slippage
that I’ve witnessed … again, what the hell am I supposed to do when our
oscillator buy signal almost gives a buy signal after a 5 point decline? … “sure,
tell me again how this is defined as a “break” and we’ll go from there” … what
do you expect from a 30 point range over hours where there’s nothing but
“drift” and the market sits about half way in its range for the day?
… DIRECTLY below, the last 2 hours as I’m writing.
“Yea, I’m all ears … tell me “experts” … how do you trade this crap”?
But like I said, the good news is that the PAMM is finally positioned in the
markets it needs to focus on, and with the “Explosion Algorithm”, the days of
getting mugged and robbed by scumbag LP’s are O.V.E.R. And while I
completely understand the desire for massive profits, the one ingredient we
need is INTRADAY VOLATILITY!! … and when we don’t get it via the
signals, there isn’t anything I can do about it to make it move … it moves when
it wants. Yesterday, unfortunately, I was more involved in LP fills than market
focus in the NDX100, and the melt up I missed … “that’s over and done with
… this won’t happen again, I can assure you … if it melts up, we WILL BE
THERE and positioned properly”!
For those in the PAMM, or those who are thinking of joining, I’ve got the
correct markets to be involved in for excellent profit, and the days of losing
equity due to “scumbaggery” from the LP’s is over. The “Explosion Algorithm”
is perfectly coordinated to “make the most-est risking the least-est”!, and
performance will reflect that going forward. Today saw volumes higher on the
trade I made. Most days, when things are “normal”, we’ll see 6 - 12 very good
trades … today has seen ONE, cuz we’ve only gotten one legit signal the entire
day! [The other was a buy signal off an 8 point NDX100 decline … big whoop]
“Again, whaddaya want me to do, flip a coin and go all in”?
So, my point today is to simply tell everyone that we are perfectly positioned,
with respect the PAMM … “sure, I’m not happy about the issues we’ve faced
over these last months with scumbag LP’s, and the money we’ve donated to them
… I’d be surprised if anybody would be … but I also know that both the
H33HKD & the NDX100 aren’t gonna just sit still, and when they “do their
thing”, we’ll be there to position ourselves correctly. I’m not one to make excuses,
and when confronted with problems I do my utmost to solve them … me and staff
have done that … all we need now is for something to move like it has in the past
… and while “talk is cheap”, just keep your eyes firmly focused on PAMM
performance going forward”.
Turning to today’s markets … overnight the H33HKD just completely dead
… and quite frankly, until VOL picks up, I’m not gonna bother staying up and
staring at a screen that looks and acts like paint drying! … we’ll be back when
BOTH ranges & intraday volatility returns to normal, cuz without it, this
market is dangerous as hell.
Only one trade today … PAMM up what it basically lost yesterday.
The only legit signal all day, and I’m in this thing for over 5 minutes and it
can’t do Mr. Jack Squat … a little pop higher and I’m out, looking for the next
signal, which never comes the rest of the day. This is what happens when things
die … “you, me, or anybody else can bitch all they want, but we can’t make it
move if it doesn’t want to, and doing “stupid shit” trades, or jacking leverage way
up, isn’t gonna get us to the promised land”.
So, a disappointing day with one signal and one trade … and though we only
had one signal, volumes are higher today and going forward. “I can tell you this
right now … if NDX100 goes higher from the open, we’ll be there! … there aren’t
gonna be any more “melt ups” from the NYSE open that we miss … granted,
overnight action I got no control over, and if it’s higher early on, then it’s higher
early on and there’s nothing we can do about it … but we will be positioned
LONG from the NYSE open if it goes higher”!
And while I didn’t think a few weeks ago, the NDX100 would fit perfectly
inside the “Hang Seng Explosion Algorithm”, the truth is it fits perfectly and
trades better than H33HKD! So, like I said, we’re positioned perfectly in the
PAMM for the days/weeks/months/years ahead … “sorry it took so long to
finally get us here, but we’re here NOW, and that’s all that matters”!
Still haven’t updated the PAMM Spreadsheet from yesterday and today … will
do that tomorrow.
Going forward, all you need to watch are the levels of volatility … I’ll point out
the H33HKD when it picks up, but any large moves in NDX100 should equate
to big bucks for us … with the perfect algorithm, appropriate increases in
trading volume, AND normal volatility, we are positioned right where we need
to be … watch & learn, it’s gonna be something to see over H2 2018! And with
that, I’m outta here … until tomorrow mi amigos … Onward & Upward!!
Have a great day everybody!!
-vegas
OUR TURNKEY FOREX “PAMM/MAM” IS NOW OPEN AND
OPERATIONAL; SEE “PAMM/MAM MONEY PROGRAM” IN
“DOWNLOAD LINKS” SECTION IN RIGHT HAND COLUMN
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START YOUR JOURNEY FROM WHERE YOU ARE AT TO
“ESCAPE TO SUCCESS”!
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