Well, that was a “yawner”, as the BOE said “to hell with it”, we’re outta here on
Summer Holiday and leave us alone … let the FED do the lifting … so, no news
here and that means disappointment, and down goes Cable right into its 20 Day
Range MA of approximately 100 PIPS … that was quick, time for “crickets” into
the London Fix.
Gold not much use as far as I’m concerned, until we get out of this week and into
next week when Basel 3 starts … as for “Stock Bellies”, the garbage data dump
at 08:30 AM EST not doing much … from what I see, the data is soft, and doesn’t
support a fast economic recovery, no matter what Preezy Idiot Boy and his
sycophants say or try and spin … same old shit, different day … some FED Pie
Holes coming up a little later after the NYSE open, so that might shake things up
… we’ll see.
A quick note on the “Period 4 Algorithm” for scalpers … it’s come to my attention
from numerous readers, that the MA, Period 4, “SMOOTHED”, LOW doesn’t
calculate or configure right on some MT4 platforms, even Turnkey’s … what causes
this I haven’t a clue … but as I said yesterday, there are different ways to get the
same result, and if your MT4 doesn’t match mine with regards the “smoothed”
MA, then I have a solution … 1) use “linear weighted”, period 5, LOW against the
HULL MA, and it will be very, very close, or 2) download and install the “SMMA
Crossover Signal” listed in “Download Links” and use the default settings [I’ve
already adjusted the code for where I want the parameters, all you have to do is
select colors if you want them different from mine] … this signal generator will
place up/down arrows on the screen that are very close to the HULL / MA
smoothed crossover … so, easy solution to a problem that gets the same result.
Directly below, my screenshot in XAUUSD WITH HULL / MA SMOOTHED, and then
the arrows from the “SMMA Crossover Signal”.
Cable today within 5 minutes making up about 90% of the entire day’s range, right
after the BOE “punt” … and after that, it’s a limp into the London Fix … Cable also
affecting EURUSD & EURJPY through the cross EURGBP, so you can’t simply
ignore these interest rate meetings, no matter who is doing them.
Moving forward, gold will be my main scalping priority [starting Monday with the
new Basel 3 rules, and not until then], followed by something in the FX space
among the majors, with maybe EURJPY if it acts right … come the London Fix, I’ll
shift attention to only the DOW30 until mid afternoon … there won’t be any
NDX100, SP500, or DAX30 trading cuz they are RIPOFFS at Turnkey … today I did
a little experiment with the NDX100 and a “Period 4 Algorithm” buy signal that
should have been a scratch trade, and I did a minimum volume 1 lot trade
… slippage beyond hell, both getting in and getting out, and if it’s like that with the
lowest volume I can do, what’s it gonna be like with bigger volumes? … no
surprise really, simply another Turnkey lie with regards their bogus indices CFD’s
… the DOW30 the only one worth a shit, and even there you have to be careful or
they will rip you a new one … these asshat LP’s should be in prison!
Algorithm trades in DOW30 & NDX100 … TURNKEY PAMM “UNCH’D”.
It cost us a few pennies for commissions, but the information I got was worth
more than that … NDX the loser, and DOW30 the winner, but the real story was
the slippage in the NDX100, where if they priced their CFD to reflect this bullshit,
I GUARANTEE nobody would trade it … just awful pricing … the DOW30
acceptable, and that’s about as good as it gets in the CFD’s at Turnkey … they are
light years better in FX, which is hard to beat anywhere … can’t hardly wait for
Monday and the new gold / silver rules … today kinda screwed up cuz of the BOE
interest rate meeting, and not indicative of recent action in Cable … like I said,
95% of the day’s range came in the 5 minutes after the BOE “punted” and did
NADA, and with the 20 Day Range MA hitting right on the money, there ain’t
anything left to the downside or the upside worth looking at going into the
London Fix, unless there’s some news event [and there wasn’t].
Over in crypto land, I’ve switched my focus over to Cardano [ADAUSDT]
… trading volumes & liquidity have been good, and although the 20 Day Range
MA is down some from a month ago, it’s down nothing like the other alt-coins,
still maintaining about a 1500 tick range [4 decimals, or $0.1500] … today sees
trading for “The Syndicate” in ADAUSDT, and we’re UP APPROXIMATELY 0.35%
Before I go for the day, another reminder for those that visit on live chat … I’m
not always immediately available, so give me a few minutes to join the chat, or
simply leave a question / comment and I’ll respond so you can read it later
… Thanks! … I'm outta here … “the future’s so “GOLD”-en bright I need
sunglasses”! 😎 … Onward & Upward!!
-vegas
No comments:
Post a Comment