SUNDAY UPDATE: A NEW FOCUS

“The easy solutions simply can’t be ignored!”

I’m gonna address each issue today, and the “focus” I have going forward.

First … effective immediately, my e-book “Trade For A Living! … Yes You Can!”,

will no longer be available to the public for FREE, or via singing up through one

of my affiliate links … price is now 0.10 BTC [Bitcoin], and it’s a very small price

to pay if you’re serious about trading … those who already have it, of course I’ll

continue to support any questions, problems, and/or comments you have … but

the FREEBIE time window has closed permanently … quite frankly, it’s too

valuable, works too well, and I don’t need the entire world on my back … so, if

you want it, now you pay for it, and then I know you’re serious about trading and

wanting to make money … everybody else, sit & wonder.

Second … I’m cutting back on coverage of markets … for over 3 - 4+ months now,

I’ve provided the opportunity for people to explore and investigate new and

different markets … from what I can tell from the brokerage house analytics,

nobody gives a “Hoover Dam”, so why should I waste my time? I will cover 4

world stock indices [DOW30, SP500, NDX100, & DAX30], 4 FX pairs [EURUSD,

GBPUSD, EURGBP, & USDJPY], Spot Gold [XAUUSD], and 2 crypto pairs

[BTCUSD & ETHUSD] … everything else I’m dropping from the “VIX MATRIX

TABLE”. Directly below, the current week’s “VIX MATRIX TABLE” covering the

markets above.

click on ANY table or chart to enlarge

Third … I’m totally & thoroughly repulsed by what occurred in the stock indices

on Friday … I didn’t want to comment on Friday, cuz I wanted my emotions to

cool down and take me away from the screen in the heat of the action, and let

myself analyze things after a night’s sleep … and I’m repulsed even more after

thinking about things that happened.

Let me first setup Friday’s “supposed” news flow … it was supposed to be Trump

first on China in the A.M. & then Spicoli at Lunchtime at his freebie chicken

luncheon waxing bullshit with his elitist pals … and when it became clear Trump

wasn’t gonna let Spicoli get the last word in, I became suspicious of the indices

trading environment and what might happen … and yet, they still ended up

shocking me with what transpired, cuz it was a planned & orchestrated “HIT” on

trading specs across the world by both the FED’s “Plunge Protection Team”

[PPT], the scumbag LP banks, and Trump & his sidekick Mnuchin from Treasury.

Everything was planned to get closing prices in the indices at their highs for the

day … when the news came that Trump was gonna speak at 2 PM EST, and then

he came in 50 minutes late, I knew this was a “setup”, although I didn’t know the

extent of the total bullshit they were gonna rain down on markets … first, Trump

starts out as the “bad cop”, and indices start dropping, taking out the low of the

day on sheer panic … then, at the switch of the proverbial light switch, he turns

into the “good cop”, indices turn with a vengeance, the PPT comes in “bigly &

yuge”, and banks who bought the stops on the way down are now booking profits

to their heart’s content … 500 DOW30 index points in 11 minutes, straight up!

… the first M1 up almost 100 index points, and then the 4th & 5th M1’s well over

100 index points for the M1 range … and now, with NO TIME ON THE CLOCK CUZ

TRUMP STARTED 50 MINUTES LATE, they’ve got shorts who haven’t already

panicked and suffered enough, trapped into the close where it got progressively

worse as each minute passed … all the precision & timing of a Brinks robbery!

And it leads me to an inescapable conclusion … both the government, the FED

via the PPT, and the scumbag LP banks are hellbent on destroying trading in the

indices … they want all specs D.E.A.D.! … I can’t even fathom the degree of

slippage these assholes would have handed out to me if I was in any of this while

it was happening … as it was, I was incensed earlier with complete bullshit fills

via Turnkey’s thieving LP’s in the SP500, but the last hour for anybody would

simply be a sheer nightmare … and don’t think for a second any “limit orders”

would save you, cuz in any of the CFD’s or spot FX markets, NONE OF THE

SCUMBAG LP BANKS ARE HELD TO FILLING YOUR ORDER AT YOUR PRICE

… in reality, ALL LIMIT ORDERS are nothing more than “Market If Touched”

[MIT], and the scumbag banks say they fill them at best available price … oh sure,

if you’re LONG the DOW30 and for example you have a limit order to sell at

“something 36”, and the market only goes up to 32 and then hangs there for a

minute or two, and the very next tick is 59, they’ll fill you at 36 … and then keep

the difference … but if it goes “37 bid”, and then immediately goes down to 06,

there’s a good chance your limit order to sell at 36 gets filled at 06 … “welcome

to HEADS WE WIN, TAILS YOU LOSE”!

And from this inescapable conclusion comes THE FACT, that risk cannot be

quantified under any circumstances in stock indices … anybody trading the

indices risk their accounts at any moment via the chicanery, bullshit, & predatory

action of the scumbag LP banks … and when I say any moment, that’s exactly

accurate, cuz it doesn’t matter the time of day or the session the world is trading

in, and if you have a stop in somewhere, it’s gonna be ugly as hell when you see

the fill … bottom line is, “I can’t in any good consciousness trade indices when I

have no idea what it is I’m risking … whatever you think it is, believe me it’s

higher! … no amount of gain is worth the risk of losing control over an account,

whether it’s complete destruction, or some sizable loss in percentage terms”.

In other words, trading indices when the government, FED, & the scumbag LP

banks want you dead, is no way to trade … and every month / week / day it gets

worse, worserer, & worser-er-er-er in terms of the trading conditions damage they

are doing … and of course, they know they are doing it & it’s their objective, cuz

at the end of this “shitshow circus” rainbow, there’s nobody around to challenge

their complete hegemony over stocks & the indices.

So, while FX has its problems in terms of IVIX from day-to-day, it’s something I

simply have to deal with and make the best of what’s available to me … I can’t

trade Bitcoin, cuz Turnkey doesn’t offer it … XAUUSD right now is a complete

fucking joke, what with their ridiculous bid/offer “trading tax” horseshit

… someday maybe it comes back to normal, but maybe it doesn’t … I dunno

… what I’ve included in the “VIX MATRIX TABLE” are the most viable markets

for trading … some right now are untradeable, but that doesn’t mean they always

stay that way, so I include them for potential future use.

At least initially, I’m going to go back to Cable [GBPUSD], and I’ll just deal with

what that market gives traders on a day-to-day basis … and since we’ve seen

what FX can do in March 2020, I don’t see under any scenario how Cable or

EURUSD could get any more chaotic than it was then … in any event, risk can be

quantified unless the entire world comes unglued, and then trading becomes the

least of anybody’s problem … so tonight sees me go back to Cable, where I’ll be

staying “come hell or high water” … quite frankly, looking objectively it’s the only

market that makes any sense.

Four … starting this week, I’ll be cataloging my trades in Cable via the trading

algorithm, and every Sunday update I’ll have them archived for the previous week,

in chart form via the M1’s for easy analysis … I’m not going to promise that 100%

OF ALL algorithm buy signal trades will be cataloged, simply the ones that I

actually trade for the Turnkey PAMM / MAM … however, unless there’s some

“situational awareness” issue that the algorithm cannot process, I’ll be making

ALL of the trade signals. In addition, I’ll also start again the tracking of

PAMM / MAM performance via a separate web page for those interested.

Directly below, the charts of this week’s current 20 Day Range MA’s for selected

markets.

FX

GBPUSD, EURGBP, EURUSD, & USDJPY

PRECIOUS METALS

XAUUSD

STOCK INDICES

DOW30

SP500

NDX100 & DAX30

We are currently living through one of the most damaging era’s of government &

scumbag bank malfeasance, corruption, & market destruction that I have ever

seen … nowhere in the annals of financial history can you point to a period like

this, where so many disruptive changes have taken place over the last 10 - 12

years, that have so greatly affected trading … you wanna stick your head in the

proverbial sand, go right ahead ...  just remember, ignorance is not bliss, and

what you either don’t know or refuse to believe CAN & WILL HURT YOU! … quite

frankly, I dunno if markets can ever recover sufficiently from government

interference in the indices, or whether gold can make it back … but what is not

debatable, is the fact that FX is simply the biggest kid on the trading block, and

even with mistress fund raids, it isn’t anywhere near the catastrophe gold or the

indices find themselves in, and so that’s where I have to park my donkey.

… until tomorrow mi amigos … Onward & Upward!!

Have a great rest of your weekend everybody!

-vegas

THE WORLD HAS LOST ITS WAY

“State of the financial trading world!”

Well here we are, another “hang onto your big girl panties” kind of day, waiting

for first Trump’s presser on China and ChiCom behavior, then after that Spicoli

at some freebie chicken luncheon hosted by elitists for elitists … “gee, what can

possibly go wrong here? ... and yet again, the POLS & Apparatchiks trading

paradigm kicks in, where it’s literally “death on a stick” waiting, all the while

scumbag LP banks doing their part to make sure retail specs buy highs and sell

lows as they ring the “Pavlovian” dog bell via MT4 and/or Mt5 indicators … a

bigger trading joke you’ll never see, as the Chumps get fleeced looking for

movement that doesn’t exist yet, and scumbag banks quick to hand out MAX

slippage while running stops … if you’re the bank, it feels like opening up

presents on Christmas … “hey, look at all of this free money”! … and so it goes

until later when SHTF … what a sorry ass state of affairs “markets” have

become”!

Quite frankly folks, you can either bury your head in the proverbial sand, or you

can face up to the reality of the way the world is presently, and I might add NOT

going to change anytime soon, and face trading facts … NEWS FLASH: “there

are ONLY 4 “markets” [3 rigged, 1 relatively free] available to us that can be

traded in all 3 major trading sessions within a day [Asia, Europe, U.S.], and

expect to receive excellent to good trading conditions, while following the

trading algorithm … they are 1) SP500 and/or DOW30, 2) EURUSD, 3) USDJPY,

& 4) Bitcoin [BTCUSD] … other than these four, you’re pissing into the wind and

expecting not to get hit back, but the brutal reality is you’re not gonna like 1) the

bid/offer spreads, or 2) the slippage that accompanies trading ANYTHING ELSE

outside of the pairs main trading hours … and yup, the DAX30 falls right into that

category … today & yesterday being perfect examples of what I’m describing,

cuz in the Asian session the spread on the DAX30 at a MINIMUM doubles, and

slippage increases, so you have to ask yourself what you’re getting in return for

handing the scumbag bank free money? … HINT: not a “Hoover Dam” thing! 

I can’t trade BTCUSD for the PAMM / MAM cuz Turnkey doesn’t offer trading in

crypto [yet], so that’s not an option … unless the world is coming unglued &

SHTF in a big way, USDJPY is a disaster to trade cuz it doesn’t frickin’ move well

at all … EURUSD isn’t as bad as the Yen, but you only get decent trading days

and necessary IVIX about 10% of the time, while the other 90% of the time it’s a

complete bucket of shit to trade … that leaves by default the SP500 / DOW30,

which when conditions are right can’t be beat … all of the 4, when SHTF as

happened in March 2020, will see the bid/offer spread blowout, but in their

defense EVERYTHING sees bid/offer spreads get blown out when SHTF, so there’s

no default market that stays stable and isn’t affected when there’s systemic

trouble across the board … lately, meaning over the last year or two, China’s

role in financial markets has grown exponentially, to the point now where the

Asian session has taken on significant market importance.

The other day, I posted a blog with accompanying evidence via Dumbberg, of the

SP500 performance at “night” [defined as outside the NYSE hours] versus the

NYSE “day” [it would be the same with the DOW30] … take the last 16 days, last

month, last 6 months, or take the last 27 years, cuz it doesn’t matter … the

evidence is clear … the “Spoos” / DOW30 move and trade at night, putting in eye

watering performance, while during the day relatively speaking it’s a bucket of

shit versus what happens at night … even today, the SP500 / DOW30 had 8 buy

signals in the Asian session, with all 8 “winner winner, chicken dinner”, while

the DAX30 with double spread had “ZIP, ZILCH, ZERO, & NADA” … and while I

figured today would be slow given the Trump / Spicoli show, I didn’t expect to

see 8 signals, but there they are.

And what is crystal clear to me, is that in the financial world today, money flows

into indices & Bitcoin are what’s driving trading action, and everything else is a

sideshow … and in this 3 ring “shitshow circus” it’s Asia & the U.S. that take on

the most significance, with Europe ceding whatever relevance they once had to

Asia, and then when the sun rises in New York, the early bird prop traders for the

scumbag Wall Street banks take over, and again Europe gets shoved aside

… that only leaves about 3 - 3 ½ hours for Europe to do things on their own, and

the sad reality is about 90% of the time they fucking “punt” and markets go dead.

Granted, as you would expect, the SP500 / DOW30 and the DAX30 do loosely

correlate the vast majority of the time … if I could be certain the DAX30 can

maintain decent IVIX, there wouldn’t be a problem, but as this week points out in

spades, when the DAX30 has decent trading conditions, for sure the SP500 does

as well, but the opposite is not at all true and can’t be assumed … today a

perfect example of this at work … so what’s the point of trading the DAX30,

when there’s the SP500 / DOW30 23/5 of the time with excellent trading

conditions?

Turnkey’s commission rates are among the lowest in the world, and in the SP500

they are meaningless relative to performance … when conditions are excellent,

the bid/offer spread in the DOW30  is 0 - 1 or 2  index points, and when SHTF they

will climb up to about 4+ index points … in march 2020 at the height of the panic,

SP500 spreads were around 1.0 index points … since futures have a 0.25 index

point minimum tick, I don’t find the spread an impediment to profitability … and

over the last few years, as liquidity in the “Spoos” / DOW30 has gone way down,

that’s actually a positive cuz it raises IVIX … bottom line is there’s no reason to

trade the DAX30 over the SP500 / DOW30 … I can assure you, if the DAX30

moves, the SP500 / DOW30 is moving as well, so where’s the advantage?

… right, there isn’t one.

So, today sees me move trading back to the DOW30 & the “Spoos” [I’ll give ‘em a

chance]… hopefully, the DOW30 can behave itself, cuz it has great trading

conditions, … getting an acceptable handle on risk in the DOW30 is a major

headache cuz of the price of the index and the way it’s traded by the scumbag LP

banks, as they are quick to “goose” bids and/or offers at the slightest

provocation, thus leading to eye watering slippage that would make Vito

Coreleone blush with envy if he were alive today … seriously, it can get out of

hand to disastrous levels for any trader, even if you scale back volumes.

And if you’re sitting out there and wondering which house to trade “Spoos” or the

DOW30 at, my first choice for you would be COINEXX … better latency on fills,

better platform via the MT5 rather than the MT4, BTCUSD is also available, and

lastly and most importantly, I don’t think the LP’s they use are crooks & thieves 

like the ones at Turnkey … but remember at COINEXX the DOW30 minimum is $1

per index point on a 1 lot [trades in whole multiples of 1] … quite frankly with the

horrific slippage at Turnkey today, outside of the DOW30, their index LP’s should be

indicted for robbery & rape … simply horrific … do you think getting filled 5 index

points off the bid/offer quote is “fair” & reasonable in the SP500? … well, I sure as

fuck don’t!

Take whatever I said above about the SP500 CFD AT TURNKEY, and flush it down

the toilet … only the DOW30 is viable, both SP500 & NDX100 are fucking horrible!

A bunch of indices trades today … TURNKEY PAMM / MAM DOWN A LITTLE OVER

0.1%

Trust me, it’s not the algorithm, which performed flawlessly today … it’s getting

robbed at gunpoint from fucking scumbag LP’s on fills in the SP500 that did ALL

the damage today … facts being what they are, slippage today far greater than the

very small dollar loss, eating up gains as well … these assholes should be in jail,

and so live & learn … once again their lies become total bullshit, and you can

count on the fact I’ll NEVER TRUST THESE SCUMBAGS AGAIN … that goes for

the brokerage house AND ESPECIALLY the thieving LP’s … so, enjoy your ripoff

gains, you won’t see ‘em again from me.

What a complete night & day difference between Turnkey’s FX & DOW30 trading,

and the scumbags that they got filling orders in CFD’s … be warned, outside of

FX & the DOW30, do not trade anything at Turnkey … let me save you the angst!

You won’t see a tougher market to navigate than today … not just the DAX30,

which had a double reversal today, which is almost never seen … both DOW30 &

the SP500 a literal trading disaster, both before and after Trump’s presser … a

complete fucking joke if you got caught in it, thank you very much “Plunge

Protection Team” [PPT] and also via any sell or buy stops you might have had

… a complete nightmare. Quite frankly, it’s a miracle [even with horrific slippage]

the tiny dollar loss is as small as it is, and if we could have gotten fair fills, we’d

be up decent gains for the day … it is what it is, whaddaya gonna do?

Blog update on Sunday … outta here … until then mi amigos

… Onward & Upward!!

Have a great weekend everybody!

-vegas