BTFD WORKS EVERY TIME IT’S TRIED

“There’s never been a better premise!?”

The “Chuckleheads” in the Asian session bought the bullshit  hook, line, &

sinker … “oh, the world is coming to an end … more CHICOM WUHAN KUNG

FU FLU for the Ruskies, “bigly & yuge” trouble in Hong Kong as the ChiComs

look set to clamp down, the Hang Seng index getting “monkey hammered” to

yearly lows, the dollar rallying, and it’s “sell Mortimer, sell!” heard all across

Asia”! Oh meltdown, here we come! … and then Europe opens.

Bingo!, Bango!, Boom!, and quite frankly I don’t give 2 rat fucks what anybody

thinks about the gross manipulation of the stock indices by the “Plunge

Protection Team” [PPT] cuz it’s off to the races to the upside, as the

“Chuckleheads”, and everybody else who got short, gets clubbed worse than a

baby seal at a Japanese whale hunt … a scant few hours later, and “lo & behold”

the DOW30 is sitting a lot closer to the high of the day than the low, and another

group of “it just has to go lower, it does!" … has to! … but it’s not and there’s the

rub, cuz Skippy there is this thing called the “88/6/6” paradigm of trading, right

along with QE and all the central bank printers around the world including the

SNB, going “Brrrrrrrrrrrrrrrrrrrrr”! 24/7/365, and a lot of that criminal,

pre-arranged Treasury payola ends up in the hands of the traders running the

prop desks for the PPT & various Wall Street bank prop accounts … which by the

way are illegal, but who gives a fuck anymore?

And once again, the world learns the meaning of what Las Vegas casinos have

known for decades, and that is when you bump your head up against the math

that is NOT IN YOUR FAVOR, you lose money … yea sure, you may get lucky

now & then, but stay at it and it’s certain death to your bankroll … and that’s

what really the “88/6/6” paradigm is all about, cuz since October of 1987, and

more specifically February 2016, you can absolutely make bank on the fact that

the U.S. stock indices will rally [that’s go up in price for you Obama voters getting

up late] 88% of the time, go sideways 6% of the time, and go down 6% of the time

… it’s got nothing to do with price, it’s a time function.

Of course, as we saw in March 2020, that 6% can be very, very nasty … and if not

careful, it can wipe out months & years of trading profits in minutes … the most

noteworthy aspects of the back “6”, is that trading conditions get absolutely

hellish, with blown out spreads & slippage from hell … if you can come out of

that with your head still on your shoulders, over time you’ll make a shipload of

money … recently though, the trading conditions in some of the indices have

come back to normal, and it’s my sense that unless the pandemic comes back

“bigly & yuge” in a massive “Wave 2” attack that kills millions, not just thousands,

the FED is not gonna allow the indices to go back to March 2020 conditions.

I bring all of this up, cuz Turnkey now has a DOW30 CFD with 0 - 2 index point

spread … and over the last 2 days, I’ve traded it at night in late Asia & early

Europe, trading the algorithm and testing conditions … and unlike the NDX100,

which has some real scumbag bank LP problems with slippage, so far there’s no

problem in the DOW30 … remember how well the algorithm was performing at FX

CHOICE in January & February when conditions were normal? … that got blown

apart cuz they went full retard slippage to the MAX, and so I closed that

PAMM / MAM down … and yes, 20 Day Range MA’s are coming down to normal in

the DOW30, but the current week’s reading still is approximately 400 index points

for the NYSE session, and even if that gets cut down into the high 200’s - low

300’s in the weeks ahead, with commissions being a total non factor to

profitability, and a spread that is 0, 1, 2 points, this is the best market going next

to Bitcoin [BTC], which Turnkey doesn’t have yet.

And quite frankly FX, meaning both EURUSD & GBPUSD, have become

disappointing to trade effectively … yes, the algorithm works fine, but I’m not 

interested in holding onto algorithm signals for 15 - 30 minutes [unless they’re

running in my profit direction] … today a perfect example of FX’s ability to go

“speed of light … crickets” and then sit in a tight range for hours on end in

“chop city”, with no range or movement to speak of for hours … put simply, there

just isn’t the “buy fuel” to overcome the frickin’ banks like I want given the IVIX

in these markets … you get that in “Stock Bellies” cuz of the “88/6/6” paradigm,

and the fact most are only interested in buying stocks, not selling them, and the

PPT is only too glad to kill shorts anytime they have the chance.

This goes back to what I’ve always said about trading … “I don’t care if I’m

trading Lint futures or Soiled Underwear futures [or CFD’s] … what I care about

are the trading conditions, and if they’re the very best I’m right there, and if

they’re not I’m gone pronto … I have no loyalty to nothing but making money, and

if a market disappoints I’m gone, simple as that … it’s just numbers on a screen

… could be “Widgets” for all I know, what does it matter anyway?

Several trades today in both EURUSD & DOW30 … PAMM / MAM DOWN VERY

SLIGHTLY.

And since New York came in early today, it’s been a basket of shit in FX … literally

… almost ZERO movement in FX, with only the DOW30 trades showing anything

of profit … say whatever it is you want about stock indices … the PPT, rigged

casino, FED QE, for me it’s only about trading conditions … “are they in my favor?

… Yes? … fine, I’m there cuz 1) “88/6/6” all day every day, and 2) the shit moves

… and I know with proper trading conditions making money in stock indices is the

best bet going bar none” … 7+ hours and counting and EURUSD hasn’t even gone

fucking 20 PIPS, and Cable is nothing but a disaster waiting to happen to you

… both seeing life sucked out like air coming out of a balloon … and what’s worse,

if you have a losing trade, how are you gonna make it back?

One thing I will say about the DOW30 … if you’re a U.S. citizen or resident, and

have a small account, at Turnkey you can trade fractions of a “1 lot” [1*the index],

meaning minimum volume of 0.01 lots, which is 1 cent per index point … and

what this does is allow you to control risk properly without risking your account

… at COINEXX, they only have whole lots, so it’s multiples of $1 … they both use

the same servers, but that’s the difference … and PRIMEXBT isn’t even in the

running cuz their CFD’s are NOT competitive and the commissions are sky high

… ditto with CRYPTO ROCKET, where it’s $1 per index point on a minimum trade

lot [0.01 lots], and their RT commission is the cheapest going.

Traded the DOW30 today and had no problems like I did with NDX100 … latency

is a tad slower than FX, but not enough to make me think my order is being

manipulated to my detriment, so I don’t know what the problem is with the

NDX100, and why it was so messed up with horrible slippage … but here we are,

and we’ve been here since Europe opened with a 0 - 1 index point spread [with

an occasional 2] … the day has come and gone, and both up/down there hasn’t

been any blowing out of the spread cuz the market is moving, and I didn’t get any

noticeable slippage when I traded it … so for now it’s good! … let’s simply hope

it stays this way! … cuz if it does, we’ve got our market back to make good

money going forward.

As long as trading conditions are excellent in the DOW30 [like this week], going

forward into next week, I’ll be trading it possibly in Asia, and at the start of the

European session right through to about an hour before the  NYSE close, and

taking algorithm buy signals … so, no reason to simply keep trading in NYSE

hours solely, cuz quite frankly Europe has most of the time better conditions

than New York, and the price flow is smoother … finally, trading conditions this

afternoon are unusually hazardous, so I stopped trading at about Noon EST.

… not just cuz of the scumbag banks, that’s always there for stocks & the indices,

but cuz it’s Friday and we’re in front of a 3 day weekend, which means position

squaring and plenty of chop, with the high probability of some spikes from hell,

and if you get caught in any of those, good luck making anything back in the

short time to the close.

NYSE is closed Monday for Memorial Day, so I may [if conditions sre right] trade

the DAX30 … we’ll see what Monday looks like come Sunday night if you get

caught in any of those, good luck making anything back in the short time to the

close … as far as FX goes, as long as the DOW30 stays with what I’ve seen this

week, no need to bother with FX … next, these shit weasels can start with gold,

but that’s asking for a lot I know, as they become accustomed to the “traders tax”,

but at some point the bid/offer spread has to come back to normal … I think

… we’ll see, but it would be nice … so, back to the “Tulip Bulb 30” cuz right now

it’s got the very best [meaning LOWEST] cost structure on the MT4 / MT5, and

rivals Bitcoin in terms of movement, but without the heavy cost structure of BTC

… and like I said, if it moves, and it has the very best cost structure, count me

there!

Blog update on Sunday … until then mi amigos … Onward & Upward!! 

Have a great Holiday weekend everybody!

-vegas