OH, SEE MY SHOCKED FACE YET AGAIN

“If only somebody had known the ChiComs are weasel rats!”

I mean, nobody could have ever seen this coming … the ChiComs now say

overnight, that they aren’t sure a “deal” can be reached with Trump … well, Que

the orchestra in first class, get the deck chairs lined up properly, and away we go

Titanic! … that was quick wasn’t it? … after sucking in some sideline sitters with

Facebook’s earnings last night, the DOW30 took a 100+ index point “Thelma &

Louise”, on the “surprise” news from the ChiComs … EXIT QUESTION: “How

many SP500 futures were XI & his cronies short before they released the news

via one of their state sponsored rags of propaganda”? … hell, Hitler & his

henchmen, if they only knew the possibilities of personal wealth available to

them via MSM headline manipulation, they could have financed WWII if SP500

futures had been around back then … if only … born too soon.

And so, see my shockingly shocked face, that is in total shock, over the

ChiComs latest antics … let’s face some brutal facts here, shall we? … the

bogus “China trade deal” is nothing more than the newest & latest currency

scam, brought to you by POLS & Apparatchiks worldwide, in their effort to rig

the “risk on / risk off”, $7 TRILLION DOLLAR PER DAY financial casino … the

currency is the “news”, bought and sold every time we get the  “we’re gonna get

one, oh wait, the deal is off” bullshit that rocks markets almost every day … add

this one to the “BREXIT” clusterfark, and why would anyone in power want to

see anything change? … you don’t think the ChiComs need to replenish the

mistress funds?

As I’ve said many times, anybody that buys into the “China trade deal” is a stone

cold idiot … there ain’t ever gonna be a REAL “China trade deal” that is either

1) a real deal with major structural reforms, and/or 2) has verification that terms

are being met … you can forget it … the ChiComs are fucking ChiComs, meaning

they do what dictators & thugs always do … they agree to stuff when it benefits

them, and walk away when it doesn’t, and if you think communist killers can be

trusted, then you got other issues that need solving.

And like every currency, it gets traded up/down every day by a derivatives

obsessed world that looks to bet and make money on anything and everything

… we simply get “happy talk” one day and DOW30 futures & CFD’s go mini melt

up, and then we get the “oh shit, it’s falling apart” routine … rinse, repeat … who

are the idiots in all of this? … well, it sure as hell ain’t the manipulators and those

that create the news, now is it?

There’s nothing new in any of this from the gambit being played by the Chicoms

... decades ago, I stood in a gold pit and saw weekly the manipulations of the

Ruskies, where the former KGB thugs “traded” gold … day one: large Wall Street

brokerage house buying 5,000 - 10,000 gold contracts, 100 contracts at a time

throughout the day, rumor swirling that it’s the KGB … day two: Soviets move

troops to the Czech or Polish border cuz they say they feel threatened … as

tensions mount, gold goes up $15 - $20 … day three: same brokerage house that

bought 2 days ago is now selling into rising public buying cuz of the tensions

mounting in Eastern Europe … day four: Soviets pull troops back after some

“show meetings” at the U.N., and gold drops back … day five: Vlad & crew at the

KGB book about $50 - $75 million dollars in profit, and laugh their way to

Switzerland, incredulous at how easy it is to dupe idiot futures traders … so yea,

I’ve seen this kind of horseshit before, and the only difference now is that it’s

happening on electronic trading platforms instead of in pits, and the names have

changed.

In the last few days, I’ve gotten some emails from clients asking me if I can keep

the PAMM / MAM running at Turnkey, cuz they trade their personal accounts there

in other markets, and don’t want to switch to FX CHOICE. I’ve thought about it,

and don’t see why not … hey, it’s your money, and if you want to stay at Turnkey,

that’s fine with me … I think it’s a bucket shop that has some of the worst

customer service going, and I no longer have any money there, but if you’re

comfortable there, then so be it … so, starting tomorrow, November 1, I’ll trade

both the Turnkey & FX CHOICE PAMM’s … having said this though, be aware that

the Turnkey DOW30 CFD can’t be traded away from NYSE hours, cuz the bid/offer

spread is about 10 - 15 index points wide, meaning of course if there’s decent

trading in either Asia or European sessions cuz of news, I simply can’t in good

conscience trade something that is a complete and utter ripoff … by comparison,

the FX CHOICE DOW30 CFD has an approximate 2 index point spread all night

and day. And, if crude oil ever gets its act together again, it’s the same story in

this complex as well, with FX CHOICE having a solid 3 cent bid/offer spread all

day and night versus Turnkey, which is all over the place from 3 - 10 cents

depending on how badly they’re looking to screw you … you simply can’t trade

crude at Turnkey unless you want to give money away

So while I’ll keep it running for those already in it, I’m not accepting any new

clients at Turnkey … if you want to be a part of the FX CHOICE PAMM /MAM,

simply follow the link in the header and join … for what I want to trade, and where

my trading priorities lie, FX CHOICE is clearly better than Turnkey, especially in

my priority markets DOW30, DAX30, & Crude Oil … gold is simply untradeable,

no matter where you go to trade it, and it is by far the market with the biggest

logistical problems going … those problems being 1) erratic and large bid/offer

spreads, 2) spikes from hell via the scumbag bullion dealer banks that rape stops

daily, and 3) horrific slippage on market fills and/or any stops, that makes risk

unknown and not quantifiable … and from what I’ve seen over these last months,

gold is only getting worse not better, and that does not bode well into the future

for this market, as it’s being “silverized” by government into a third rate trading

vehicle like its cousin silver has been … silver used to be one of the most

popularly traded futures markets on earth … who trades silver today? Fact is,

there are far better trading vehicles for profit than gold, either futures or CFD’s,

that have light years better liquidity, volumes, and fills. Sure, physical gold

belongs in everybody’s plans, and you can easily do that via Bullion Star, my

recommended secure place for safe offshore storage … click the link up near

the website header and visit them if you haven’t already, and get some physical

metal … but as a trading vehicle, gold is terrible … no worse, it’s criminal.

It’s about an hour before the NYSE open, and just to give you an idea of what

conditions look like, Turnkey right now has a 14 index point bid/offer spread in

their DOW30 CFD, and FX CHOICE has a 2.2 index point bid/offer spread in their

DOW30 CFD … it is what it is, but if there was a trade here, I’d do it at FX CHOICE,

and obviously not at Turnkey. So, when I report trade results based on

percentages, there are going to be differences … I just want people to be aware

of this … NYSE open now for the last 10 minutes, and Turnkey still has a DOW30

spread of over 10+ index points … just one of the many reasons why I’m not

there anymore.

One algorithm buy signal today … new PAMM / MAM @ FX CHOICE UP

approximately 0.4%.

For those that have ordered the “Traders Course” [TC], you can see clearly

@16:06 server time [10:06 AM EST] in the DOW30 CFD, the aggressive scalpers

buy signal discussed at length in Chapter 6 of the TC … I couldn’t have drawn it

up any better if I controlled the market … this is a “classic” aggressive scalpers

trade that has a very high statistical probability of success for profit, one of three

I write about in Chapter 6 … everything I wrote about, along with the setup is here

today in this trade … quite frankly, this is no different than a great scalp in the old

futures pit … what you see on the screen is simply the electronic version decades

later.

Another buy signal came later off the bottom low for the day [so far], but the

dynamics here were different than the first signal … more risk in this trade,

although there were some positive factors going for it … even if I had taken it, the

trading action after the low wasn’t that great … sure, you can look back in

hindsight and say, “oh wow man, I shoulda hung on”, but that’s a fool’s errand in

hindsight, not in real time … what I’m looking for are aggressive scalps, with very

little statistical risk … IMHO we got that on the first one, but not on the second

… you just live with the consequences and move on, cuz there’s no shortage of

buy signals over time in the DOW30, it’s simply being patient enough and having

the proper discipline to wait for them … and btw THIS IS WHY MOST PEOPLE

FAIL! … they aren’t disciplined enough to wait, cuz they want it now … well, hate

to be the bearer of bad news for ya, but even manipulated markets love to give

you the middle finger.

Of course, you have to have the proper conditions in the market you’re trading to

take advantage and profit … we get that @ FX CHOICE in DOW30, DAX30, & crude

oil … unfortunately today, that doesn’t describe Turnkey and their scumbag LP

banks, who’ve decided today that the DOW30 bid/offer spread should be blown

out for no fucking reason whatsoever besides pure greed … on the other hand, FX

CHOICE has had an approximate 2 - 2 ½ index point bid/offer spread all night and

all day in the DOW30 CFD … it is what it is, and who knows when the morons at

Turnkey wake the hell up and get it right … 5 minutes from now or next week?

… who knows, and quite frankly, they don’t care, cuz you’re the one pushing the

buy/sell buttons, not them … they’re just there in Mauritius now, sitting around

collecting commissions and doing NADA and splitting off market fills with their

favored LP [which they probably own or have partner interest] and haven’t a care

in the world, least of all you and spreads … but what is greatly frustrating is

having the algorithm for profit and not being able to trade like you want without

getting held up at gunpoint by the scumbag LP bank & brokerage house … ditto

for gold, although it doesn’t matter where you’re at, the LBMA front running crooks

in London where XAUUSD is based & traded, will make doubly sure you get hosed

there as well.

Afternoon in New York, and with a 300+ index point range, unless I see as good a

setup from the TC as I saw on our first trade today, the first trade will be the only

trade.

Well, what do criminal New York banks do the best? … of course, chop, chop, and

more chop for the DOW30, now that Europe is closed for the day, and they can

reap the whirlwind from the chop … nice work if you can get it … I’m pulling the

plug on the rest of this crap today, there’s nothing here now but trouble, and the

20 Day Range MA has been essentially hit, only a few dozen points from this

week’s current MA … in other words, from a probability perspective, unless

something newsworthy hits the market, which is a definite possibility, this day is

over by NOON EST, unless they can take the low out [maybe?].

Well, now after 1 PM EST, you’ve seen what has happened since I wrote earlier

… nothing but a basket of 50 index point shit, spiking up/down/up/down as the

DOW30 chops around and makes banks rich, and then the sudden

“Thelma & Louise” to a new low … oophf! … there goes the Spicoli “put” … who

knows where this stuff is gonna stop now in the afternoon with price hitting new

all time highs in the SP500 just last night … the start of a big reversal unfolding

today? … in any event, be back at it tomorrow, and if … a very big “IF” … if the

Turnkey morons can get their scumbag LP’s to cooperate and off the greed

complex, I’ll trade the DOW30 there as well using the TC algorithm ... I simply

have no idea if that’s gonna work, but I refuse to get ripped off by these

assclowns when trading … so, we’ll see what happens tomorrow come the NYSE

open.

Until tomorrow mi amigos … Onward & Upward!!

Have a great day everybody!  

-vegas

ANOTHER DAY DODGING THE CRIMINAL TRADING ELEMENT

“Yup, it’s one of those days again!”

NYSE session hasn’t been open an hour, and already the DOW30 has had 2 stop

hunts, the second the most egregious on some “China trade deal” bullshit,

where a meeting hosted by Chile in November has been cancelled that both

Trump & Xi were supposed to sign “Phase 1” of the deal … and again, for the

umpteenth thousandth time in the last year, traders get whipsawed on ChiCom

vapors … and of course, our friendly LP’s who make markets in everything are

quick to screw over sell stops like they are roadkill.

But, all this will be forgotten later today when the Twits at the Eccles building cut

interest rates again … don’t forget, they have to get them negative by 2024, so the

FED can have QE99 and don’t ever have to pay borrowed money back … until

2 PM EST, expect the same “circus shitshow” from trading, we saw in the first

hour. This is one of those days where nothing means anything … all banks are

going to do is chop this shit around and bleed you … this day is nothing but

“noise” until the Twits show up … the real money will show up at 2 PM EST.

And we waited the last 2 days for this? … good grief what a bunch of warm spit

… post FED, & now Spicoli presser, it’s pretty much “dishwater for drinking” from

the markets … DOW30 bobbing up/down with ZERO direction and/or purpose

… in other words, it was a “hawkish cut” from the FED. Now in the last hour of

trading up near the high for the day, it’s a slow crawl higher I want nothing to do

with … “let the Ponzi scheme go higher into the close”, I could care less, cuz I

don’t buy rallies … we’ll pick it up tomorrow.

In other markets, gold has decided its immediate future has nowhere to go on

the upside, and it’s on its low for the day around 1480 … the potential for future

rate cuts from here, is decidedly low, and unless economic disaster comes

quickly, gold has no place to go but down in the short term.

Well, the good news is this is out of the way and maybe trading can return to

some semblance of normalcy going forward … I don’t see how it can get worse

… this was a non event and a wasted day … ho hum, it is what it is … until

tomorrow mi amigos … Onward & Upward!!

Have a great day everybody!  

-vegas

ACCOUNTING MAGIC! … WHEN DOES THE WORLD WAKE UP?

“A picture says a thousand words!”

With the faculty lounge meeting tomorrow, I thought it would be helpful for some

much needed perspective on the state of the U.S. stock market … and as you can

clearly see from the chart above, over the last 10 years, EPS has grown

approximately 7 TIMES FASTER than sales per share, thanks to corporate

buybacks … and as I’ve stated before, with the “Baby Boomer” generation smack

dab in the middle of retirement, and private U.S. pensions vastly underfunded to

meet the payout needs of a retiring generation of tens of millions of people, the

FED has no choice but to feed the Ponzi scheme of stocks as we’ve come to

know them.

It’s either prop stocks up via the “Plunge Protection Team” [PPT] and spend

billions, OR face government bailouts in the TRILLIONS … and if you’re a director

on the board of one of these outfits that engages in corporate buybacks, what a

great scam you’re running on the investing public … since most directors get

“sweetheart deals” via stock options when they leave the board years later,

what a great way to boost EPS by lessening the float of stock, all the while the

company you’re “directing” doesn’t do Mr. Jack Squat in terms of innovation,

product development, and generally growing the company.

So, after jacking the stock higher cuz of an accounting gimmick through your

years as a “Director”, you retire from the board and take your stock options to

JPM or Vampire Squid [GS], and they loan you the money to exercise your

options, you get the stock, and then sell it at an inflated market price, pay back

the loan, and then walk away tens of millions richer for what exactly? … “right,

you raised your hand and voted for stock buybacks at a board meeting every

quarter, thus insuring an eventual raise for yourself via your “cheap” options

… other than that, you didn’t do shit but sit there and count your money … nice

work if you can get it”.

And of course, it has the full blessing of the faculty lounge Twits at the FED,

cuz it helps them out of their dilemma, which is a failed private pension system

in which millions count on along with social security … “you scratch my back,

I'll scratch yours” … welcome to “Crony Capitalism” in all its glory! And so the

Ponzi scheme will continue, until one day comes along and it won’t anymore

… and it will happen so fast, very few if any will be able to escape successfully

from a debacle that will make both the 1929 & 1987 crashes look like stubbing

your toe.

My guess is, sometime in 2024, when the U.S. Treasury Dept. says all future

borrowings of money by the U.S. government will go ONLY TOWARDS INTEREST

PAYMENTS ON THE NATIONAL DEBT [which by the way, grow ever larger by the

minute], then we’ll see SHTF … of course, the ONLY way out of this mess without

a complete revolution and blood in the streets, is if interest rates go negative

[NIRP], and the FED forces every American to PAY THEM for keeping money in

the bank … and who knows really what this effect has on stocks? … and so, the

Ponzi battering ram takes stocks higher until that fateful day in the future when it

ends.

Today’s DOW30 trading points out a big problem in markets today … with the

FED on deck tomorrow, what do you expect to happen today other than chop the

living shit out of day traders and scalpers? … stop hunt here, stop hunt there,

everywhere a stop hunt … spikes from hell up, spikes from hell down, with no

follow through to anywhere … markets do not operate on your trading schedule,

so giving ultimatums to markets or trading strategies is literally nuts … it is what

it is, and there are simply days or group of days when trading is bullshit, and it

happens in every market … today and tomorrow up until 2 PM EST are not going

to be optimal … nobody is going to commit large amounts of money to anything

until the Twits at the FED speak … did somebody not inform the banks? … and

so, with no large money flows either into or out of stocks, they have the upper

hand in making sure retail spec accounts puke futures every 5 minutes, whether

long or short … they got the money, you don’t … who’s Pavlov’s dog again?

Without some kind of “situational awareness”, no matter the market, and without

an algorithm or model to trade by … one by the way no matter how sophisticated

and expensive to create with mounds of math & computer science whiz kids, will

never approach 100% profitability on every trade … there is NO HOLY GRAIL

…  how can you possibly take on the banks who look to make your money their

money? The absolute biggest mistake any trader can make, after a small loss or

even string of losses is to say, “well, screw this shit, everything is messed up”!

… well, no it isn’t … what’s messed up is you, cuz in randomness and probability

theory, shit happens … deal with it … stay disciplined and patient cuz it’s the only

way. But traders don’t do this, cuz then they go chase the next “Holy Grail” idea,

jettisoning the last one, and on and on they go into bankruptcy … if I had a dime

for every time I’ve seen this in my trading career, I’d have a million dollars.

The “Traders Course” [TC] gives you the algorithms, AND IF YOU FOLLOW IT,

which is a very big “IF” for most, you’ll make shiploads of money, especially in

the DOW30 for scalpers … it works, just follow the “Hoover Dam” thing. But

understand, there is no gain unless there is the possibility of loss … let the loss

come on exceptional circumstances, but don’t simply walk away from a trading

model cuz you didn’t make money from it last Wednesday … or, it didn’t give me

the signals I wanted today cuz it sucks and life sucks, etc., etc. … anybody but

me heard this before?

And while some of you reading this out there are thinkin’, “man did he just climb

into my head or what"?, I’m not pointing the finger at anybody, but simply pointing

out that NOTHING is 100% and the power of trading to change your life comes

from the ACCUMULATION of winning trades over time, not on some schedule

you mapped out in your head, which I guarantee, the market you trade is gonna

have everything to say about it on its terms not yours.

So today is a bucket of shit for the DOW30 … who doesn’t know this the day

before the Eccles building Twits set interest rate policy? … the daily candlestick

a “doji”, gee see my shocked face on that one … and tomorrow up ‘till 2 PM EST

will be a funeral … maybe some position squaring ahead of the decision, but

expecting the DOW30 to trade in any kind of normal sense is insane … and

remember what I’ve said about limitations of whatever your trading model is

… and for the TC algorithms, one limitation is low volume low range days where

there isn’t much happening up or down … the algorithms parameters will

collapse onto each other making signals useless cuz they can be set off on

literally nothing in terms of a price move … and what is today in terms of trading

for about 8 - 9 hours? … right, the “Flying Wedge of Death” [FWD], which I’ve

stated before is the biggest account killer in the known trading universe, inside

today’s approximate 70 index point range … long at the top and short near the

bottom looking for range extension that doesn’t come … and the “POP” back

the other way brutal and fast, leading to bigger losses than anticipated. So,

seeing this, why the hell do I sit on the sidelines? … if I have to answer that,

you haven’t been paying attention.

Markets are what they are … you wanna be the cowboy that shakes things up?

… Ok, take your millions and see what the banks do to you with unlimited QE

funny money … let me know how things go … fact is, you can only take what it

gives and not a penny more, and on some days it simply isn’t worth it … today is

one of those days.

So, no algorithm trades today … and as an aside, there weren’t even any signals

during the NYSE session today … NADA … depending on your interpretation,

there might be one, but even taking that one it didn’t yield much … I chose to

ignore it cuz my interpretation says it wasn’t a bottom.

One more thing for today … those ordering the TC will get email confirmation for

our chat support, which is each trading day during the week from 4PM EST - 7 PM

EST … I support what I publish, and my goal is to see ALL OF YOU  be successful

traders, and viewing the market as your own personal ATM … until tomorrow mi

amigos … Onward & Upward!!

Have a great day everybody!  

-vegas