Tripling down on stupid, it’s the central bank way … and nobody does it better
than the insane Dopes at the BOJ, as they follow “Peter Pan” Kuroda down the
rabbit hole to visit the “Queen of Hearts” … whenever it ends, it won’t end well
I can assure you.
Up ‘till now, the tools at my disposal for research & study have been mostly
limited to the MT4 … the reasons for this are 1) popularity of use among all
offshore brokerage houses, 2) ability to add proprietary indicators in code, and
3) the ease of getting history on the m1 … however, the limitations of the MT4
are almost insurmountable in today’s bank manipulated markets blessed by
central banks … THE ONLY THING THAT MATTERS IS “ORDER FLOW”, & their
ability to front run institutional orders via their offshore [illegal] prop accounts
… this keeps all trades “off the books” and everything appears on the surface
as “customer orders” … in addition to that, if you’re late to a trade by one
microsecond, and have to buy the spike up or sell the spike down, you are
gonna get bent over a fence and get your teeth brushed from the other side!
… been there and have had it done to me … quite frankly, I like brushing my
teeth the normal way.
And when you sit back and think about it, why is it ALMOST NOBODY offers
time periods for trading UNDER 1 MINUTE, AS PART OF A STANDARD
PACKAGE ON THEIR TRADING PLATFORMS? … is it cuz computer cloud
storage space is limited [cough, bullshit, cough], or it takes too much
computer power & bandwidth [again cough, bullshit, cough] … no, it’s cuz the
banks don’t want you to have it … things you can see SUB 1 MINUTE, YOU
CAN’T SEE ON THE M1 OR LARGER TIME FRAMES … PERIOD! … take all of the
traders in the world that are “specs”, and how many of them in percentage terms
spend over $1200 PER YEAR to get access to SUB 1 MINUTE CHARTS? … I can
tell you, “Hoover Dam” few, and these “few” aren’t a big enough threat to the
system run by the banks to matter … quite frankly, using MT4 or MT5 and trying
to gauge order flow is IMPOSSIBLE cuz it’s too slow … by the time the volume
shows up, the move is over! … we get “volume after the fact” … big whoop
… they have access to ALL ORDERS, know where the stops are, and their
multi-million dollar AI systems do the rest … if you’re trying to gauge order
flow off the MT4, you don’t have a chance in being right often enough to matter!
The difference between SUB M1 and M1 or higher, is like building today’s
smartphones utilizing Newtonian physics … good luck with that … without
quantum mechanics you have no chance to do it … quite frankly, SUB M1 IS A
WHOLE OTHER UNIVERSE!
From the extensive research I’ve done lately, there’s 1) Trading View,
2) Multicharts, 3) Ninjatrader, and 4) Realtime Pro … they all cost a bundle of
money, and are mostly futures oriented … and unless you get their most
expensive subscriptions, you don’t get SUB M1 charts, and since I’m not
wanting to pay that, I have no idea what library of indicators they utilize for their
subscribers … maybe it’s good, maybe it’s shit, but I’m not willing to find out.
Now comes the breath of fresh air! … Netdania … sign up, it’s FREE … every
market traded is in their list of markets where you can utilize SUB M1 CHARTS,
WITH AN EXTENSIVE LIBRARY OF INDICATORS … is it perfect? … Nope, but it’s
FREE! … and it works very well … however, be forewarned about important news
events like central bank interest rate decisions, inflation reports, and NFP
… when markets go SHTF bat shit crazy [BSC], the computer systems can get
clogged up sending out data, and that causes crashes on the platform … not
as big a problem as in prior years, cuz houses have boosted capacity and
bandwidth … but as yesterday proves when I got caught in one, I should have
simply backed away cuz things got “nutso” ‘el mucho quicko” … Turnkey was
only offline about 30 seconds, and it took Netdania about 5 minutes to get
back to normal … still plenty long enough to give me the shiv in the back!
Quite frankly, with Netdania I don’t even need the MT4 any longer except to do
2 things … 1) give me a longer perspective on price action, e.g., the HULL 200
EMA on the m1 … and 2) order entry and liquidation … everything else I can
run on Netdania SUB M1 and get the desired result for algorithm signals.
Netdania does have its drawbacks and it’s not perfect … BUT IT’S FREE!
… would you rather spend approximately $1200 per year with “Trading View” and
basically get the same thing? … it’s drawbacks are minor, one of them being not
being able to have a history that goes back farther than about 2 or 3 hours
… fortunately for us this week, Wednesday saw a “Thelma & Louise” monkey
hammering in Cable, while yesterday saw a moonshot, and today is a mixed
bag of shit … this is a blessing in disguise cuz I was witnessing all of ‘em via
the Netdania platform with the algorithm up and running, and we got all 3
scenarios for market movement in 3 days! … both getting clobbered and rallying
strongly are no brainer “wins” for the proper side, but in addition I made multiple
trades from the wrong side of the day and still had successful scalps …it’s all
about the short term momentum and letting the banks do their dirty work for us
at the appropriate time … then comes today where we have both up and down
moves and almost a triple reversal … quite frankly with all of the reversals,
double reversals, and who knows what else, a very short term approach to
making money is what’s called for … the long side sure looked good yesterday
in Cable didn’t it? … how’s that workin’ out today for position holders as it’s
given up 2 solid handles on the way down? … I would also add, cuz I checked,
both Netdania & Trading View get their spot FX feeds from the same place,
which is FXCM, so if there’s a bottleneck for a few minutes you’re still gonna
get it at Trading View, just like I did at Netdania … only difference is the money,
so why spend it? … HERE IS THE BOTTOM LINE FOR THE TRADING
ALGORITHM … unless you’re totally without discipline & patience, and end
up selling breaks while buying rallies inside a “Flying Wedge of Death” [FWD],
which will happen occasionally cuz it has to, there’s NO WAY the algorithm
doesn’t make money … it’s going to put you into profitable positions all the
time! … now, what you do with ‘em is up to you, and the rules for liquidations
still apply from the original manual, albeit slightly higher prime numbers if you
go that route.
This weekend sees me do a TOTAL REWRITE OF THE TRADING MANUAL, which
I’ll have finished by Sunday’s blog update post … this will be VERSION 2 of the
algorithm trading manual … everybody who downloaded the original should
update with this newer version … for those that can’t wait, and would like a
head start, here are the salient details … market [GBPUSD], 15 sec candlestick
… Hull MA [HMA] 11 WHITE, TEMA [8, 0.2] YELLOW, & Holt EMA [HEMA] (63, 144)
HEMA UP RED, HEMA DOWN LIME … BUY SIGNALS = WITH HEMA LIME ONLY
SLOPING HIGHER, YELLOW OVER WHITE = BUY … SELL SIGNALS = WITH
HEMA RED ONLY SLOPING LOWER, YELLOW UNDER WHITE = SELL … WHEN
HEMA IS “FLAT” [LIME OR RED] there is no signal … there is no buy/sell signal if
HEMA is Lime and sloping lower, and there is no buy/sell signal iF HEMA is Red
and sloping higher … and there you have it! … the Version 2 manual will be
released Sunday in Adobe PDF, and is available FREE for either download or
viewing online … the file sits in my shared file folder at “box.com” and is
guaranteed virus free … you can download the pdf with no gimmicks or other
deceptive bullshit many authors use … simply click the link in “DOWNLOAD
LINKS”, in the right column and you’ll be directed to the pdf for download or
viewing online … enjoy!
Turning to today’s “Slots-A-Rama” inside the world’s largest casino, YEN going
BSC thanks to “Peter Pan” and crew … and that blitzkrieg back up the ladder
towards the 135 level in USDJPY is putting “bigly & yuge” pressure on the YEN
crosses, particularly EURJPY & GBPJPY … today is also a “bigly & yuge”
OPEX day, with about $3 TRILLION in notional options expiring … and with all
of the central bank bullshit this week, my guess is traders can’t wait to hit the
exit gate and GTFO of Dodge … once the London Fix is in, IMHO things will
die in FX rather quickly.
Turnkey’s LP’s jacking the USDJPY bid/offer spread today, about TRIPLE+
[that’s 300% for you Biden voters] the normal rate … from 0.0 - 0.3 to around
1 full PIP, and then the slippage meter has no doubt been adjusted higher as
well, so there’s that to contend with, leaving little doubt as to what to do but
leave it alone. Cable up/down, and but for a few PIPS we’d be looking at a
TRIPLE REVERSAL … a “bigly & yuge” railway strike planned for next week by
unions looking for pay increases the Brits don’t have, while EURUSD
contemplates an upcoming winter season of 2023 with not enough oil or
nat gas to make it through … nice going soyboy POLS, keep up the usual
shit job you always do!
And despite yesterday’s rocket ride north for both pairs, since Kuroda & the boys
came in and tripled down on stupidity, it’s been a ride lower for both pairs, with
short intermittent rallies … rising 10 YR. Treasury yields back over 3.3%
generating some selling as well … “we’re ALL GOVERNMENT BOND TRADERS
NOW, DON’TCHAKNOW”? … Cable now looking to give up the 1.22 handle,
whereas yesterday it was breaking 1.24 on the upside … what a difference a
Kuroda makes!
While the trading algorithm plays no favorites via either long or short, and both
are equally viable, one of the big reasons I’ve always stuck to my guns about
trading from one side and one side only WHEN SCALPING, with only rare
positions the other way, is that neither side has an advantage over the other, and
so shorting has the same problems as being long … if you constantly switch,
you’re telling me you think you know where the market is going … I’m here to
tell you that you got no clue … nobody does … by sticking to either long or
short, you GUARANTEE yourself some very big paydays when the market plays
into your position side … all you got to do is make sure not to get “whacked”
when the shoe is on the other foot … constantly switching, you are
GUARANTEED NOTHING!, and may end up with a track record for being
successful equal to Biden’s … say hi to your new job as a “Greeter” at WalMart!
… but ultimately, since I’m not your MOM, you have to decide for yourself.
Only one algorithm buy signal today in GBPUSD … TURNKEY PAMM UP
SLIGHTLY … and after that signal, it’s been sell side to the London Fix … after
yesterday’s big move higher, I thought there would be at least some move
higher, but it’s been non stop selling since New York showed up … Fills in Cable
excellent, and I received no slippage … latency exceptional as well, so no
complaints … kudos Turnkey, about frickin’ time! … USDJPY back over 135,
yields UP, the “Spoos” getting monkey hammered, and the dollar roaring
higher … the freight train is on the tracks! … go ahead, step in front of it.
Blog update on Sunday … outta here … “The future’s so bright I need 2 pairs
of sunglasses 😎😎, and my own Brinks armored truck” 💓!!
… Onward & Upward!!
-vegas
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