Yesterday we got war headlines to wait for that never came, and today I got
internet disruptions that saw access down ‘til right around 9 AM EST from
overnight … that time of year where upgrades to the system in prep for
hurricane season that starts in 90 days take shape … prior years usually saw
that happen on Sunday night’s, but I guess the slaves at the ISP don’t like
working into the very wee hours of a Monday … was supposed to be back on at
6 AM, but hey, what’s 3 hours late among “friends”? … not exactly how I
envisioned starting off the MT4 algo, but in any event, what next, it rains frogs
or simply locusts? … but it’s all back now, so onto the day.
So how do you find the right market that suits you? … it can’t be as simple as just
the highest VIX market, cuz bid/offer spread, commissions if any, and slippage all
enter the equation … we now have a trading algo that allows for any market on the
MT4 [excluding crypto], and for me the answer is, “does it allow for highly
profitable scalps where there are multiple opportunities for trades, with a tight
bid/offer spread, and very little if any slippage” … and as I found out yesterday
getting raped by Turnkey’s thieving LP’s in the SP500, worse getting in than out
but they both were bad, it sure as hell ain’t the “Stock Bellies” … it would be
different if I was trading futures, but we aren’t, we’re in CFD’s … and that means
the scumbag LP can price and fill anybody anywhere he wants to, whether it’s
fair or not, whether it’s off the market, any fucking place he pleases!
By contrast, with the algo I have now, it doesn’t make any difference whether
Cable, EUR, Yen, OR GOLD are slow or hot or anyplace in between, cuz the algo
automatically adjusts for changing volatilities on the fly in real time … and that
means I’m getting the exact parameters I need for trades based on up to the
minute VIX … no guessing … and so, even though they don’t approach the VIX of
“Stock Bellies”, and the ranges are relatively smaller than the “Spoos”, they are
better markets by far to scalp cuz you get more signals, can be on either side
[long or short], the spreads in FX at Turnkey excellent, and most of the time
slippage is minimal or ZERO [noting of course, gold does have its moments].
None of these factors you find in “Stock Bellies”, and when SHTF, like now for
example, you can go hours without a signal cuz the market is either going
straight up or straight down … although that can happen in FX, it happens far
less often … then there’s gold … quite frankly, I think I was wrong about the next
3 - 6 months [I know, I can hardly believe it myself!] … that forecast was
predicated on a quick Russia / Ukraine resolution, and higher rates to come to
the fore and put a lid on gold … well, it looks as though the Ruskies got some
resistance, and this looks and feels like another protracted minor war, with all of
the consequences that go with it … idiot POLS & Apparatchiks in the west, with
of course “Taliban Joe” leading from behind, think harsh sanctions against
Russia are only gonna affect Russia … guess again Idiots … it’s gonna mean sky
high oil prices, foodstuff problems, and inflation ain’t gonna be going away
anytime soon … and with some of the froth taken out of rate increase fever, all of
this is gonna prop gold … so yea, I’m gonna be looking at it AGAIN every day for
opportunities going forward … if the war goes away, and everything becomes
peace and love again in that part of the world, and the issues satisfactorily
resolved for everyone, I’ll reassess where gold goes and how to trade it … until
then, though, it’s got the potential for explosive upside potential … quite frankly,
I was to quick on the draw to dismiss gold and go over to the “Spoos”, as I
should have kept my eyes on gold the whole time … in the infamous words of
the Mrs., “live and learn Newbie!”
And suddenly the “Spoos” are tanking … General Clueless tonight with his fairy
tale SOTU address … will he pass out crayons and coloring books? … and if
the “Spoos” don’t realize it yet, the realization is gonna come that a protracted
war via Russia / Ukraine that lasts for months isn’t gonna be any help for
“Stonks” … maybe I can get another Stimmy check?
Hard to argue with the action in gold … I mean, whaddya want? … today almost
a $40 range and we’re 2 plus hours to the close … the 20 Day Range MA =
approximately $28.81, which is pretty “Hoover Dam” good … this market sees
right through what’s going on and doesn’t like the outlook for the world one iota
… and the move today is telling everyone, there isn’t gonna be any quick
resolution anytime soon … that means buy gold buy crypto, especially BTC, cuz
as hundreds of millions of people are finding out the hard way, governments and
their BFF, the scumbag banks, can and will seize your accounts [Canada], shut
the doors and simply aren’t open [Ukraine & Russia], and track your every move
… given today’s clusterfark with internet, it wouldn’t have mattered much anyway
cuz by the time I got around to markets, gold had already hit the range of the day
very close to $28 … more importantly, though, the signals are [no pun intended]
solid gold bars! … OK, onto tomorrow, and if it starts raining frogs, I’m gonna
start popping some brewskies! … no trades today in the Turnkey PAMM.
Over in crypto land, BTC goes from “sleepytime” for days / weeks at a time, and
then goes full retard basket of kittens on meth … and when you can’t bank, you
finally understand the purpose of crypto, especially BTC … multiple trades in
BTC today for “The Syndicate”, and we ended UP FRACTIONALLY … trading
action simply volatile on steroids … throw in a false flag on a trade, and it’s a
hustle to get back to even … onto tomorrow here as well.
Much more on gold tomorrow … outta here … “The future’s so bright I need
sunglasses”!! 😎😎… Onward & Upward!!
-vegas
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