SUNDAY UPDATE: THE DAX30 REVISITED

“See the future, be there before anybody else, claim your SHIPLOAD of cash !”

“You NEVER get something for nothing in trading … there are always trade-offs

you have to consider, and then take into account what it is you’re trying to

accomplish” … NEWS FLASH: you aren’t going to capture every “squiggle” in any

market, and then be there for the big move that lasts 3 days, and if you’re looking

for the “Holy Grail” of trading that allows you to get this, you’re worse than an idiot,

you’re a delusional idiot … so Skippy, what is it you wanna do here? 

So when I say “revisit” the DAX30, let me ‘splain the process … it starts with

Bitcoin [BTC], cuz when you start trading that fire eating dragon, you have to lay

out your priorities and then decide what you want to accomplish while

understanding what it is you’re giving up … I came to BTC “fresh”, meaning

without preconceptions, knowing your first priority is risk control, and after that

how to “trade it” … I didn’t say position it … in my book, there’s no such thing as

a “position” for my trading funds, they’re all trades and nothing more … “trade it,

don’t date it”! … and so I took the trading algorithm I had been using and “ripped it

up”, and focused on where the critically important trading concepts in Bitcoin are

found … and they aren’t sitting where you think they’re sitting, cuz when you strip

away all the bullshit hype about anything in the trading universe, if you can strip

away government manipulation, or make these assholes work for you, you’ve

started down the right alley … now comes the human psychology part, and

knowing correctly how to gauge players in the market you’re trading from the

“big money” that’s lurking in the shadows determined to take all the little money

away from spec traders … and there is no more predatory market on earth right

now than Bitcoin.

And once I had done that, it dawned on me that the closest any market comes to

trading like BTC is the DAX30 … sure, there are differences … but sit back and

start asking all the right questions, and in short order you’ll be amazed at the

frightening similarities they share … now take the updated trading algorithm and

refocus on the DAX30, and what you’ll discover is it’s one of the very best

markets you can trade … period. End. Of. Story. … and as long as conditions are

right [a big “IF” when SHTF], I don’t think it can be beat as a trading vehicle.

Directly below, the “STOCK INDICES VIX MATRIX TABLE” for the current week,

followed by 20 Day Range MA charts for world indices.

click on ANY table or chart to enlarge

STOCK INDICES

DOW30

SP500

DAX30 & NDX100

IBEX35 & ESTOX50

CAC40, FTSE100, & AUD200

H33HKD & NIKKEI 225

Directly below, the “FX VIX MATRIX TABLE” for the current week, followed by 20

Day Range MA charts for selected pairs.

FX

GBPUSD, EURGBP, USDJPY, & EURUSD

AUDUSD, AUDJPY, GBPNZD, & USDCAD

GBPCHF, GBPAUD, & GBPCAD

PRECIOUS METALS

XAUUSD

XAGUSD

U.S. markets closed tomorrow for Memorial Day, but Asia & Europe will be open,

so who knows what surprises will be in store for markets … until tomorrow mi

amigos … Onward & Upward!! 

Have a great rest of your Holiday weekend everybody!

-vegas