“That moment when your kid questions your sanity!”
I said in yesterday’s last sentence of the blog post, “can shit get any crazier”?
… Well, apparently it can … here we are, and “Everything Is F-ing Awesome,
Baby!” again thanks to MOAR! central bank manipulation in the “wee hours” of
the new day, where everything goes instantly orbital on “vapors” … oh wait,
there was a Trump press conference last night and that’s the catalyst, cuz from
the second it started, the levitation act went into high gear … briefly “LIMIT UP”
in the SP500 futures overnight, to pull the Chumps in … a bigger coordinated
Ponzi you’ll never see short of a Goebbels rally in Berlin to keep the masses
hooked on hopium … and you’ll notice that each time we get these financial
“earthquakes” that see markets go bat shit crazy cuz of the policies of the idiots
at the FED, each & every time the “earthquakes” get worse, worser, &
worserer-er-er, with the most current plunge worse than the last one, and then
the need for MOAR! Billions [soon to be trillions] poured down the “rabbit hole”
so that the Ponzi can continue, and that inevitable failure of the financial system
will be on somebody else’s watch … this is stupidity on steroids!
Today sees the dopes at the FED pour over $200 billion into the “rabbit hole”
known as the “repo market”, cuz if they don’t the system collapses, and since
they’re the ones in charge there now, no way do they want fingers pointed at
them … that’s for the next dope who takes the job … and so it goes until the day
the math says “no mas”!
It didn’t take long last night after the open, for USDJPY to go insane either
… remember this is “PRE” Asian session … and by the time China walks in
through the door, USDJPY already has a 200+ PIP range … as little as 3 weeks
ago, you couldn’t get this shit to move 40 PIPS in an entire frickin’ day … now?
… no problem, cuz as the day starts in New York, it’s got a 320 PIP range
… now what? … and it isn’t simply a rhetorical question either, cuz it’s blown
the 20 Day Range MA to bits … what’s left? … well, we found out didn’t we?
… nothing but water rolling downhill from the NYSE open … “classic” bear
market rallies in USDJPY & stock indices, where the elevator up rips your face
off and convinces you a new bull starts today … and when the “buy fuel” runs
dry from manipulation HQ & shorts, it rolls over and can’t rally to save its life,
and spends the rest of the day going lower, and forcing newly positioned longs
to puke … and then does nothing.
Yes, USDJPY can be a good market to trade when SHTF, but if the range gets
“blown out” early in the day, what’s left? … you figuring on a 500 PIP day today?
… wanna bet on that today, which has happened like twice in 30 years? … I don’t,
but hey maybe it happens.
Bid/offer spreads have come back to normal in gold & FTSE100, but the DAX30
didn’t get the message … that spread is all over the place, and I can only assume
some LP’s got hurt the last few days and maybe aren’t around any longer
… spreads in the DAX30 go between 1 - 7 index points at the speed of light, and
that means don’t trade it until it comes back to normal, otherwise you’re not
gonna like your fills and the LP’s will screw you blind … guaranteed!
Days like today, and I feel like I’m trying to trade back month pork bellies, where
there is no liquidity whatsoever, nobody has a clue what price does next, and
then it just rockets somewhere up/down and leaves everyone in the dust
,,, markets reversing on a dime, stop hunts everywhere … you get the picture
… and it makes for almost impossible trading conditions during the part of the
day when it’s supposed to be the busiest … and then it isn’t, having been ruined
in the “wee hours” by dipshit manipulators.
One algorithm trade today in the FTSE100 … TURNKEY PAMM / MAM UP
SLIGHTLY.
What you must always remember about trading in order to be consistently
successful, meaning you do it almost every frickin’ day, day in and day out, bull
market, bear market, and dead market, simply cuz nobody around you gives a
shit how you do it, ONLY THAT YOU DO IT! … and I can tell you from experience,
that’s the way it is! … is that you CANNOT BE THE FUEL FOR OTHERS, they
must be the “fuel” for you! If you’re short, longs puking must be identified in
order to profit to the MAX via that “short fuel” … similarly, if you’re long, shorts
panicking [and remember, shorts always PANIC FIRST] and hitting the buy button
to get out is your key, or “buy fuel” for MAX profits … looking over the algorithm
signals today in FX, I’m simply blown away with the profitable calls the algorithm
made, and I don’t care which market you’re looking at, but in USDJPY they were
eye watering.
With spreads back to normal, except in DAX30, I was hoping gold would provide
a “smackdown” below 1645 on stock market gains, but it never came to pass, so
there were no opportunities there … if equities can stay relatively stable these
next few days and not see another panic sell mode hit, I think maybe gold has
some correcting to do, which will provide opportunity for some good algorithm
trades … the problem with the FTSE100, is that although it opens at 01:00 server
time for the new day, until China rolls in about 4 - 5 hours later, the bid/offer
spread is usually too high to make it worthwhile to trade, coming in at around 5
index points … and even in the Asian session, it’s still relatively too high at 2
index points … not until about 09:30 - 10:00 server time, does the FTSE100 go to
its usual 0.6 - 1.1 index points spread, where it stays until Wall Street closes over
12 hours later. USDJPY going full retard basket of kittens is not what I want to
see in the “pre” Asian session [about 3 - 4 hours], cuz it ruins the day’s “skew”
for trading … and what you’ve seen today is nothing short of the account killer,
the “Flying Wedge of Death” [FWD], where after the initial blowout, it’s back &
forth to the tips of the day killing both longs and shorts looking for follow through
but not getting it … and it turns on a dime, making the pain quicker and more
intense if you’re on the wrong side … now, with the spread blown out, what
happens next? … right, me neither, and that’s the problem with days like today.
Even though the trading algorithm is very easy to set up, easy to understand, and
easy to implement, don’t let the simplicity of design fool you … underneath the
hood of the MT4 visual are very powerful advanced math properties exhibited by
markets over and over again … sure, we trade in a probability wave function
atmosphere, but the algorithm offers tools that allow you to “make the call” at
liquidation time depending on your style of trading … in this regard it’s more
flexible and powerful because of that … and at the heart of the premise of making
a living trading, is wrapping your head around the algorithm and what it may be
calling for, and giving up personal opinions and bias you might bring to the
market … and if you do that, then yes, you can make a living trading, no matter
what markets do!
The link for Turnkey Forex has been fixed today, sorry for the inconvenience, and
thanks for letting me know about it … I’m outta here … until tomorrow mi amigos
… Onward & Upward!!
Have a great day everybody!
-vegas
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