I’m pretty sure “clusterfark” & “FUBAR” can be found somewhere in the word
“trading” … like POLS & corruption, they always seem to fit nicely together in a
nice, neat package … I had hoped crypto could be traded at Turnkey, but the
reality is it can’t, unless you like giving money away for nothing … FX is a
complete joke of central bank manipulation … “has EURUSD OR USDJPY moved
200 PIPS this YEAR yet? … what a disgrace ... metals getting clubbed like a baby
seal at a Japanese whale hunt, with spreads that are barely legit … the energy
complex a joke with high spreads … and while I didn’t wanna go there, I’m on
the bus to “there”, cuz it’s all that’s left! … hello again “Stock Bellies”, specifically
the DOW30 … and as long as we don’t have another pandemic selloff, or civil
war 2.0 starts in earnest, or interest rates skyrocket ala the early 1980’s, the
“Tulip Bulb 30” has a lot going for it as a trading vehicle … with a 1 - 2 index
point spread, RT commish that’s meaningless, and a 20 Day Range MA currently
sitting at approximately 423 index points, there isn’t anything on the MT4 or MT5
that is even close to this … it’s the best deal going period.
While the “original” TUNNEL TRADING [TT] ALGORITHM was released about
15+ years ago, and was developed then for volatile FX, the basis for this was my
floor trading algo I used in the SP500 pit … at the turn of the century, stock
indices were not developed as CFD’s like they are now … the only index around
back then on the MT4 was the DAX30 … fast forward to today, and the MODIFIED
TUNNEL TRADING [TT] ALGORITHM is ideally suited for a CFD like the DOW30
… before U.S. citizens got kicked out of most offshore brokerages back around
2009 - 2010, I used these concepts to trade the MIB40 [Italy] at Saxo, when that
index was in the 30,000’s - 40,000’s, right where the DOW30 is at now on the lower
end … I’ve made some key changes and modifications, and have other indicators
[some proprietary, most now developed and released by others] that make the
MODIFIED version much better.
It’s important to remember, that the DOW30 is manipulated by the “Plunge
Protection Team” [PPT], and is subject to the “88/6/6” trading paradigm [88% of
the time UP, 8% of the time SIDEWAYS, and 8% of the time DOWN], and so from
my perspective it’s only a LONG trade … and while the longs definitely have the
advantage, as history bears out, it’s critical to remember that if you do
“stupid shit” in the DOWN 6%, and get stubborn, the losses can wipe out years
of gains very, very quickly … down days are one thing, “bat shit crazy” selling
panics are another.
Granted, I would rather trade crypto cuz it has by far the best trading markets bar
none [or even silver], but when handed the “lemon” by Turnkey, I’ll move to the
market where we’re most welcome and can get the best deal … if silver & gold
aren’t gonna play nice, and continue to screw around inside the
“Comex Con Game”, screw ‘em I’ll trade the DOW30 … “IF” the spread can stay
stable, and the ranges hold up, the algorithm will do the rest and deliver … the
key word here is “if”, but I don’t see why it should devolve into the nightmare
scenario we had back at the start of the pandemic last year at this time … but hey,
if it gets nuts and Turnkey’s scumbag HFT LP’s don't wanna play, then we’ll sit it
out until they “play ball” … simple as that.
Starting tomorrow, look for new blog posts once stocks close after 4 PM EST
… while I’m not crazy about afternoon New York trading, “Stock Bellies” are
somewhat different and can make some very nice runs into the close … unless
I’m already in a winner and riding it [let the pony run!], I’ll take on my usual
persona in indices and not usually trade the last hour … so, kinda “Back To
The Future” so to speak, and let’s make some money while the other markets
on the MT4 diddle … if/when silver moves, we’ll be there, but in all frankness
that could be a while … or in 5 minutes, who the hell knows anymore with these
manipulated markets? … in any case, we need a “day-in-day-out” money maker,
and unless I’m missing something, I don’t see anything that has the
“trade logistics” better than the DOW30 … the extra bonus of course, is that the
vast majority of the moves come during the New York trading day, from the
pre-market start around 7:30 AM - 8 AM EST, to the close at 4 PM EST … that’s a
decent approximate 8 hours of trading [⅓ of the day, for about 85% of the day’s
range … usually].
Algorithm signals today in the DOW30 … TURNKEY PAMM / MAMA DOWN
SLIGHTLY.
The signals were excellent, my execution on one of the signals “piss poor”, and
that cost us a couple of bucks … no biggie, tomorrow is another day!
Over at PHEMEX, I was in ETHUSD all day since the European open, and it was
one of the slowest trading days I’ve seen since before the Holidays … not even
$20 for a range after I came in, and the “chop” was unreal … algo parameters on
top of each other and “flat” as well … and that means leave it the hell alone! … so,
no trades today for “The Syndicate” … hopefully tomorrow sees a pick up in IVIX
… and as I write and glancing at another screen, while “stonks” partially rally,
ETHUSD just blew up about $25, before backing off some … “lightning in a bottle
… crickets … rinse, repeat … welcome to “Big Dog” [ETH & BTC] trading in
crypto! … quite frankly, if you don’t LOVE the way crypto trades, you either
aren’t paying attention OR don’t care! … and once you have the algorithm in your
hands, no matter where you trade, you’ll have the upper hand! … I GUARANTEE
IT! … more tomorrow on the algorithm.
… outta here … until tomorrow … “the future’s so bright I need sunglasses”! 😎
… Onward & Upward!!
-vegas
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