“And financial markets are not prepared for this!”
Given the level of government manipulation, the daily attempt to suppress
volatility, and most importantly the inability of government to reign in spending,
I’d say we’re a lot farther from “Kansas” than anybody wants to admit … the
real $64,000 question is, “how much longer can the Ponzi scheme of “markets”
be kept afloat with “funny money”, before the complete destruction of
confidence in the system collapses & then dies”? … while I have no idea the
answer, I would like to point out 2 key observations; 1) history suggests the loss
comes viciously & quickly, catching everyone by surprise [a/k/a “the black swan”
event], and 2) nobody knows the endgame when it comes … nobody.
Next weekend our “Traders Course” [TC] will be finished … got a lot of work
from now ‘till then to wrap things up … there are 10 markets included in the TC,
which are the 10 markets most often exhibiting needed volatility to make money
… 2 points here; 1) if you’re not trading one of these 10 markets, you should be,
and 2) if your favorite market isn’t in the list, either it’s cuz it’s “net cost” to
trade is too high relative to its volatility [read most FX non dollar crosses], or it’s
not consistently volatile enough over the course of a trading day or week to
bother trading.
At present, not all of the markets can be traded by the PAMM at Turnkey, simply
cuz their scumbag LP’s refuse to make honest and fair market in the pairs; those
are 1) crude oil [WTI and/or Brent], and 2) the Hang Seng 50 or Hang Seng 33
stock index … while the top tier offshore brokerage houses offer crude trading
with a 3 cent FIXED spread OR LESS, AND WITH NO COMMISSIONS, Turnkey on
an average day is at 5+ cents most of the time with commissions, and if volatility
picks up for any reason, the spread will blow out quickly from 5 cents … the
Hang Seng currently offered is simply an embarrassment … everyday sees an
approximate 15 - 20+ index point bid/offer spread with commission, while the
rest of the top houses in the world offer a 5 index point FIXED SPREAD WITH NO
COMMISSIONS … of course, the entire world of decent trading in these 2 pairs
don’t currently allow U.S. citizens and/or residents as clients.
Last week I asked Turnkey to justify the two worst CFD’s in the offshore
brokerage house universe … they are literally tied with Coinexx for having the
absolute worst [highest priced] bid/offer spread in oil & the Hang Seng and their
response almost made me soil myself … with an assumed straight face, they
responded, “don’t judge us on a few pairs on the MT4, but rather look at the
overall “general experience” you get by trading here”. … funny shit, right?
… unreal. However, lots of readers / clients are outside the U.S., and for that
reason alone, this week sees the Sunday update move to a 10 market format,
… that leaves us here with 9 markets, and the 20 Day Range MA’s for each.
Directly below, our 9 markets.
click on any chart to enlarge
The TC is broken down into 2 sections; 1) short term trading [scalping], and
2) position trading intra week … there are algorithms for each, with plugins for
the desktop and/or laptop [windows based] MT4 platform available in many
formats … e.g., not all brokerage houses trade the DOW30 in whole integer
bid/offer increments [Turnkey] … many houses utilize a 1 decimal or 2 decimal
format for bid/offer quotes and fills … therefore, we offer ALL 3 formats, and you
use the one right for you and the MT4 platform you’re trading on and using, either
for demo and/or live accounts.
The TC is very brief and concise, and it is designed for complete Newbies, as well
as veteran traders … if you are new to trading, or have very little experience
trading on the MT4 platform, we make it easy for you … if you don’t know how to
1) get the MT4, download it, install it, get it up and running, and then install the
appropriate plugins for the market(s) you’re interested in, I’ve included a detailed
Appendix that covers everything in excruciating detail … if you need it, it’s there
… if you already know it, then skip the Appendix …”it’s Grandma & retarded
kitten tested for cryin’ out loud, and there isn’t a single human being over the age
of 1 that can’t do this if you follow instructions … so, ain’t nobody got any
excuses from where I’m sittin’, if you want to make money from trading.
Obviously, I strongly encourage EVERYONE to demo the algorithms first before
going live … you need to familiarize yourself to the signals in real time, and more
importantly you have to TRUST AND MAKE THE TRADE when the algorithm says
“go!” [trust me on this, NOT an easy task mi amigos]… very shortly after release,
we’ll have our Skype support channel up if you need help … here, you can chat
with me, maybe Cousin It or CoS (Chief of Staff) Milton Waddums, and get answers
to questions about the algorithms and/or signals in the TC. Of course, anybody
can email us as well.
There is no “fluff and/or bullshit” in the TC … quite frankly, IF YOU CAN FOLLOW
DIRECTIONS, you’ll make a shipload of money trading … “only an idiot or a fool
would suggest that our algorithms [scalper and/or position] make a profit on every
trade … that CAN’T HAPPEN folks, cuz it’s impossible and the “Holy Grail” doesn’t
exist … we do have historical probabilities on our side on every trade, but
favorable probabilities aren’t guarantees … I recommend low leverage on every
trade relative to your risk profile, cuz the power of the algorithms is in their
CUMULATIVE PROBABILITY ADVANTAGE OVER THE MARKET YOU’RE TRADING!
… quite frankly mi amigos, Las Vegas would kill for the probability advantages we
enjoy over the “edge” of the casinos.
There are, quite literally, zillions of people out there on the internet trying to make
a fast buck either by 1) “click bait” via YouTube or other social media like
Instagram for example, and/or 2) offering pure shit for trading techniques, trading
indicators, or systems they claim will make you rich … less than 2 minutes into
the “pitch” the holes are so big you could drive a semi truck through them, and
they quite literally will ruin an account … “not here folks, not here, and not on my
watch cuz my decades of trading experience and [let’s be honest] my reputation
as a professional trader is “on the line” with the TC” … as I explain in the TC,
there are 3 scenarios [limitations] that will either give us problems for profitability
and/or losses on a trade … TWO are NOT IN OUR CONTROL, and the third can be
completely avoided … I go over each in detail and how to avoid them.
We will offer FREE Skype chat, simply cuz we aren’t willing to leave “anybody
behind” … “ya think we would do this, if we didn’t already know that ANYBODY
CAN DO THIS!”? … anybody can make mistakes, and anybody can misinterpret
instructions, and with a demo account filled with play money, you can “fuck up”
‘till pigs fly and learn without the consequences of real losses … there’s no such
thing as dumb questions, only people afraid of looking dumb asking a question
they think might make them look stupid … “it doesn’t matter how fast or slow of
a learner you are … it doesn’t matter if you have 10 college degrees or were
behind Jethro Bodine in school … it doesn’t matter if you’re 21 or 102 … it
doesn’t matter if you have a large account or only $100 to start … in short,
nothing matters but your desire to “escape to success” and what you’re willing
to do about it … every single bit of the math work has already been done for you
and everything is VISUAL in nature … once you determine you’re ready for the
real deal, you won’t be an algorithm “Newbie”, and now you’re ready for profits
… quite frankly, IF YOU CAN FOLLOW DIRECTIONS, I don’t see how you can
lose money over time, given anything remotely close to current trading
conditions available in most markets … sorry, I just don’t see it, unless you’re
breaking the rules of the algorithms, and that’s why we have chat or email help
… this shouldn’t be construed as a guarantee, cuz the only guarantee in life is
you’re gonna die someday, but simply my thought process on the matter.
Looking ahead to this week, some items of note. First up, I don’t think I’ve ever
seen worse trading conditions in XAUUSD, than what I saw last week … it’s an
absolute disgrace the behavior of the scumbag bullion dealer bank LP’s in spot
gold … a fat widening of the bid/offer spread, mystery ticks & spikes galore, and
eye watering slippage that would make Vito Corleone blush if he were alive, and
it’s nothing more than a scam to rob your account of money … what do
algorithm signals mean in this kind of trading environment? … they mean
nothing, that’s what, and you just have to leave it the hell alone until some kind
of sanity prevails and makes a return … secondly, ditto the DOW30 at Turnkey
… another disgrace.
The DAX30 needs to see some expanded ranges … we’re hovering near 2 year
lows … Cable & EURGBP off the table until the “Brexit idiocy” is over and done
with … the Hang Seng & crude oil not even an option for us … silver is right in
there with gold for insanity … the SP500 has a spread that is too high, the
mystery tick bids & offers means slippage is terrible, and quite frankly the LP’s
here are shit. From where I’m sittin’ right now, unless gold returns to relative
normalcy, a big “IF”, I’ll be watching the NDX100 for PAMM trades.
Onto the week … until tomorrow mi amigos … Onward & Upward!!
Have a great rest of your weekend everybody!
-vegas
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