“Stock market = where buyers & sellers come to meet!”
Exactly what do I do with this clusterfark mess today? … one of the worst trading
action days I’ve ever seen … seriously, it’s almost Noon EST, and it’s been 7+
hours and we;re in a 50 index point range? … up/down/up/down … stop, I’m
getting sick of this mickey mouse shit … not that anything else is better cuz it
ain’t … oil, FX, other stock indices, D.E.A.D! … would a little movement kill you?
Well finally … a minuscule break … down at the bottom for the day [so far], the
algorithm turned 2 buy signals … that turned out to be a “false positive” for the
first one, but the second one minutes later proved to be gold … it’s hard to
determine if the first buy signal was my fault for jumping it a “hair” early, or I was
justified in taking it within the rules of the algo … to be fair to the algo, it was a
microsecond call … fish or cut bait NOW kind of situation … with the way the
DOW30 can explode in your face and leave you sitting at the station as the train
roars off, there sometimes arise trades that are hairline in nature … no matter, it is
what it is … the second one, though, was perfect … never for a second under
water and it made up for the first one.
All told, the Turnkey PAMM / MAM up marginally [a few bucks], and the FX
CHOICE PAMM / MAM up 0.1%.
Now into the Gotham P.M., and with Europe closed, you can see on the M1’s, that
action has dropped off a cliff … very small and tiny M1’s, with a crawling up, small
bias off the bottom … even with the move to a new low, this action is terrible
… we caught the bottom, and even so we aren’t making what I’d call “good money”
… it goes to the heart of just how pathetic the market is today.
And while we had to wait for what seemed like an eternity to get a halfway decent
break, it’s what you have to do to make money trading with the manipulators … in
the end, they work for us … and while not every single time do we get what we
want, nobody else does either! … the key thing to remember here, though, is that
the probability of success for profit here is very high, especially on consecutive
trades within the same move … so, it’s no surprise to me we’re up at the end of
the day … all of this is explained in detail in the “Traders Course” [TC], chapter 6,
along with full details and charts of examples … it’s all there.
Now into mid afternoon in NY, action dead & terrible, no reason to expect
conditions will improve … they won’t … I’m outta here … until tomorrow mi
amigos … Onward & Upward!!
Have a great day everybody!
-vegas
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