TRADE ‘EM … DON’T DATE ‘EM

 

“Gold adios … hello DOW30!”

Count me in the group that says “Adios” to gold …”baby, we’re done”! … to

sum up, simply way too inconsistent in its VIX structure, right along with

horrific slippage from thieving LP’s … so “Plan B” is back to “Stock Bellies”

and the DOW30 … the SP500, for all its supposed desirableness by Turnkey,

is a complete “lemon” … “well, that “bait & switch” didn’t last long did it? … they

told me they wanted to be a “player” in the CFD … bwahahahaha! … sure, just

like the DAX40, where the spread has blown back out to about 2 index points

from 0.5 they hailed while it lasted for a month … what a frickin’ joke”!

And while I don’t shy away from “nasty markets”, the key here is nasty

markets that TRADE … frickin’ TRADE, not just go straight up or down,

and the viciousness of gold and the scumbag bullion dealers to not allow a

“two way market” is evident today in spades … one second VIX is off the charts,

and literally one M1 later it’s D.E.A.D. … sure, when it TRADES it acts like a

quasi-crypto pair, those 2 days a month … the rest of the time it’s a bag of

shit, and today’s thieving [cuz that’s what it is] brought to you by Spicoli, who

1) just found out inflation is here, and 2) tighten baby! Quick cuz inflation is

here! … and if you were long, it was way uglier than you ever thought,

without the chance to ever get the losses back anytime soon, cuz once it’s

over they flatten VIX into a pancake! … so gold is OUT!

Crypto at Turnkey is a joke, so there’s no point in looking there, but the

DOW30 continues like it always has, with a 2 point spread [OK, not

great, but acceptable], and for 3 months we get FREE COMMISSIONS FROM

TURNKEY … as I told ‘em, “what good does free commissions mean, when

one hand gives pennies and the other slips its way into your back pocket and

takes it back with interest via slippage”? … amazingly, they had no answer

for that!

With the apparatus of government in complete FUBAR mode now,

“Stock Bellies” should trade more … there is such instability, FUD over the

FED, FUD over COVID, and of course “Taliban Joe” hanging around and

providing entertainment as he destroys the U.S. economy, it’s hard for me

to see “Stonks” simply going straight up … that will provide good

trading opportunities, assuming the LP thieves Turnkey has in the DOW30

behave themselves … something in the past they have been known to not do

very well at … let’s be honest, they’re scumbags … they’ll steal what won’t

get them indicted.

VIX as of today in the DOW30 is excellent … but even without the new COVID

hysteria that’s gonna KILL EVERYBODY!, VIX has been consistently better

than gold, WITHOUT the extreme spikes gold sees too frequently … so, viewing

again these pairs as “quasi” crypto pairs is the way to go, cuz when VIX is

there, it trades like ETH & BTC rolled into one nice CFD … and since VIX in the

DOW30 is better than any of the other “Stock Bellies” markets, the algorithm

signals model VIX & price behavior very well.

I traded both gold & DOW30 today in the PAMM … overall, including both,

PAMM DOWN SLIGHTLY LOWER THAN 0.2%

I quit gold before the damage started from Spicoli, and was very unhappy

with both entry & liquidation as slippage was atrocious … seriously bad … the

one gold trade I did left me with a very sour taste in my mouth, and that cost us

about 75% of the loss … in the DOW30, I got too cute by half by trying to

“average” a trade price by getting out of one and then immediately getting back

in with bigger volume … this way I only have one order, not 2 to worry about

… all OK, except when I went to liquidate and [once again] got hosed by

about 15 DOW30 points on a “mystery spike” lower bid price, that

immediately skyrocketed once I was filled … amazing coincidence, huh?, and

that cost us a few collective Happy Meals … on the whole, though, outside of the

blatant screw job and robbery on the one liquidation, the DOW30 modeled well

via the algorithm, so I’m relatively happy with the results … quite frankly, all we

need for consistently good profits is CONSISTENT VIX, and at least for now, the

DOW30 is providing that … and given the state of everything, I see good ranges

and VIX going forward … everything is getting worse, not better and inflation is

not going away anytime soon, and that creates FUD with the Lounge Lizards

which will provide plenty of good moves in “Stonks” … too bad gold sucks, but

I guess it’s the way the scumbag bullion dealer banks want it, so that’s that!

… unless I’m forced to sit on the sidelines cuz of ranges in the “thousands” with

the DOW30, and the spread goes “nutso”, we’ll be in good shape in the PAMM

going forward.

Over in crypto today, no trades cuz it went straight up, then straight down … not

a whole helluva lot in between … up on news that India says crypto is OK for its

citizens, down cuz Spicoli has discovered inflation … all one-way action, and no

thanks … back at ETH tomorrow.   

… outta here … “The future’s so bright I need sunglasses!! 😎

… Onward & Upward!!

-vegas

WHAT A DAY TO BE “SNAKEBIT”

 

Rather short blog today, in fact very short … computer systems in the house got 

taken out with an electrical surge that would make fried eggs & burnt toast very 

proud! … writing this on a back up system … been dealing with this since this 

early AM, and will get back to normal ASAP … oh vey! … markets complete shit 

today, both gold & ETH not doing much of anything except “chop chop” around 

a very tight range, with ETH finally going higher … will be back to normal soon, 

and even if everything were up and running, looking at the action since before the 

sun came up, there isn’t any VIX to play with anyway … both ETH & gold simply 

pathetic in terms of trading action. 

 

 … outta here … “The future’s so “GOLDen” bright I need sunglasses!! 😎

… Onward & Upward!!

 

-vegas

 

 

SUNDAY UPDATE: REAL OR FALSE FLAG?

 

“Trust nobody in government!”

Was Friday’s financial “blitzkrieg” for real, or was it a “false flag” operational

Christmas present operation for the scumbag banks? … crypto over the

weekend not giving any clues, as prices drift in tight ranges right around Friday’s

close … gold for its part, going through a streak of down days that are horrific in

scope, with only the Asian session seeing any buying whatsoever, and Europe

& the U.S. destined for the sellers … and as I said Friday, if you can’t rally gold

on a day where there’s horrific news [on the surface at least] and it should be up

$50+, when the hell does it rally and “stick”?

And as Europe faded and the sun came up in New York on Friday, there were

chances that gold had to regain the positive momentum … price simply couldn’t

do it! … and quite frankly, no matter your method, model, or algorithm, you need

to see VIX momentum at the corrective turns, that starts to take price higher

[if you’re buying], and we didn’t see that … it’s called CONFIRMATION of a signal,

and without it, it’s just a line in beach sand that gets washed over by the next

wave … take it without confirmation and it spells major league trouble.

Of course, we won’t know for sure what the answer is for many days, as FUD

about COVID and the idiotic reaction of POLS everywhere comes into focus

… central banks keep buying record amounts of gold, and until the money

printing stops [it won’t] I can’t see gold price & VIX heading much lower … but

in an environment of “sell everything first ask questions later”, you can’t ignore

the downside either, cuz if you think things can’t get more FUBAR, I’m here to tell

you it can get much worse … never underestimate the ability of Dopey POLS

everywhere to make any problem WORSE, and you can absolutely count on

“Taliban Joe” to fuck things up royally if given the chance … and if “Stonks” do

crater [SP500], don’t expect gold to hold up in price, cuz I don’t think it will, but

instead go into a “death spiral” lower of liquidation … how low? … who knows?

… historically, though, it’s been rather “ugly”, and the question is can they keep

the market functioning without blowing the market to hell and back? … we’re

gonna see in the days ahead.

 … onto the week … “The future’s so “GOLDen” bright I need sunglasses!! 😎

… Onward & Upward!!

-vegas

THE PATH TO SUCCESS & FUD

“This SHOULD BE YOU, but most likely isn’t!”

Why aren’t you rich from crypto [HODL or my favorite way, which is “trade it,

don’t date it”!] yet? … I’ll tell you why … too much FUD [fear, uncertainty, &

doubt] takes up too much space between your ears! “Oh yea, everybody, and I

do mean every living human being I meet, when they find out who I am and what

I’ve done, get “all giggly” cuz they expect me to tell ‘em in 30 seconds how to

trade and be a millionaire, and wouldn’t it be nice to live where it’s 80℉ all the

time in tropical paradise”? … and what all of ‘em miss, is that they aren’t

psychologically prepared to 1) make money trading, 2) realize that if you can

make one dollar you can make a million+ more, and 3) truly understand the

process at hand … and while they all lament the fact there’s no “guaranteed

roadmap” [bwahahaha, like that’s ever possible], when it’s time to get down to

brass tacks, none of ‘em think they can do it! … “well then, the world needs

worker bees, and you’ve found your niche”!

On the other hand, there are some people who eat FUD for breakfast and don’t

give a shit! … they’re tired of the rat race, and quite frankly, a whole shipload of

‘em are now in crypto, eyeballs deep and wondering where has this has been my

whole life … crypto makes it possible, other markets don’t, simple as that.

And don’t hand me any of that bullshit of “I don’t have any money to trade”! … got

$100 somewhere? … $100 trading crypto CONSERVATIVELY, gives you a 6 digit

trading account within 3 - 4 years! … I’m betting the ranch on the fact that if

anybody looked at your monthly expenses, they’d shit their panties seeing all of

the money that gets pissed away on garbage … amirite or amirite?! … or, do you

just sit there and dream of building an empire out of something for free, and the

world runs to it? … sure, drink some more Kool-Aid … your FUD pathway to old

age is waiting for you! … whatever you do, don’t join the crypto trader crowd, and

instead concentrate on the FUD … don’t focus on results or FACTS, listen to

Morons giving comments on ZH, where since BTC was at $50 or ETH at $12, it’s all

a scam and/or pyramid scheme … don’t bother to actually understand trading,

just “wing it” with “feelz” like most of the spec community … and quite frankly,

on behalf of myself and everybody in my immediate family, thanks for staying the

way you are, cuz without you being one of the “depositors” into markets, where

would we be?

Turning to Holiday markets … oh how utterly convenient … here comes the next

“doom & gloom”, fearmongering, the world is gonna come to an end, coming from

people who wouldn’t know the truth if it bit ‘em in the ass … of course, I’m talkin’

‘bout POLS & Apparatchiks, the truest form of a viral plague infecting mankind

… “OH NO, A NEW MUTANT FORM OF COVID”! … time to shut down everything,

put your head condom on inside your government approved space suit, and be

“jabbed” by needles for vaccines that don’t fucking work but could actually kill

you! … “when do I get my next “Stimmy” check “Taliban Joe”? … and the next

government sponsored “crisis” is now at hand, and whatever freedom you

thought you had is gonna evaporate in the wind like a squirrel fart … it’s for the

children don’tchaknow”!

Lo & behold, the world had no idea … the banks did I can assure you … and then

the press picks it up cuz they’ve been told to pick it up, and now everything

makes sense again … stocks tank, crypto hit, oil down hard, gold looks beautiful

again [especially after some tequila shots], and here we have the next

“engineered” crisis by design … interest rates go tumbling down [but, but

… dot plot increases by the FED], and in 12 short hours, everything from a

scumbag bank perspective looks mighty fine! … the rest of us, not so good

… and all of the “trend followers” aren’t having a very happy “Black Friday”.

Truth is, it’s been like this in markets forever, and very big money is ALWAYS the

winner … you not so much … it’s why over the course of my entire trading

career spanning decades I have been a “trader”, and why I vastly prefer scalping

to any other form of trading, simply cuz you’re immune to getting caught in any

of this shit when it shows up.

I’ll turn first to gold … I get up and see my screen, and my first reaction is, “WTF is

this shit? … c’mon guys, really?” … and then I see other markets and know before

I read the news that something has happened overnight … and here comes the

next prearranged crisis, right on cue … and I’m left with the lingering thought all

day long, “is this all gold’s got”? … down 8 of the last 9 trading days, surely there

is pent up “buy fuel” waiting to explode … and given this news, the Chuckleheads

bite in late Asia and here we go … $20 something bucks is all ya got? … if there

ever was a day gold should be up $50+, this is it … and now, as we head towards

the shortened Holiday close, gold is about “UNCH-ED” on the day, losing all of the

gains since the sun came up in New York … huh? … no shit huh, cuz it shows you

how few people trust gold to keep up, and how few are trading it … they’re all over

in crypto getting slaughtered today!

Volumes thin, liquidity almost non-existent, and the “C-” teams manning the

trading desks of banks, and you got yourself a Grade A Clusterfark of market

conditions … the trading algorithm not giving ANY BUY SIGNALS up to about the

last hour on the “Thelma & Louise” meltdown to about 1782 … and given the time

constraints to the close, no way am I taking this signal and getting caught into the

close … remember, this is a day where gold is supposed to have about a $5 range,

nobody cares, time to eat more turkey leftovers and watch football on TV

… instead, this news bomb gets dropped right at the most inopportune time as far

as markets are concerned … nobody around, people stuck, exacerbated moves,

panic everywhere, liquidity a joke, and a shortened Friday close … the ChiComs

may be dirtbag communists, but they understand how capitalistic markets work

better than the so called capitalists!

Quite frankly, given the news and the conditions, and gold’s adverse reaction, this

isn’t a day I want to get long … I’ll pick it up again Sunday night … no trades today

for the Turnkey PAMM.

Simply a bloodbath in crypto … when panic hits markets, everything gets sold,

even the “good” positions that are up money … sell first, ask questions later

… no trades today in crypto either, not cuz there weren’t signals, cuz there were,

but the trading action was simply too F-ing crazy for even crypto! … and when I

don’t have the advantage in a trade, I don’t do the trade … period. Back at it on

Monday!

Blog update on Sunday … outta here … “the future’s so bright, I need

sunglasses! 😎 … Onward & Upward!!

-vegas