Why wait? … and with that burning question on the lips of the Mrs. &
“Miss Gimpy”, I can’t help but agree with female logic, and release the
algorithm parameters for FX crosses in today’s blog post … full details, along
with charts and other considerations will be in the version 3.0 of the trading
manual released this upcoming Sunday … and with the upcoming ECB interest
rate decision coming Thursday, and then Vlad’s decision whether or not to
allow the Natty Gas via Nordstream 1 to start flowing again on Friday, I can
obviously see their point.
PARAMETERS FOR FX CROSSES
On the MT4, I use the m1 candlestick chart … 3 indicators … 1) HULL MA
COLOR, PERIOD 23, lime = up, red = down, solid line … 2) HULL MA COLOR
PERIOD 40, lime = up, red = down, dashed line … this is a short term support /
resistance “tunnel” … 3) HULL MA COLOR PERIOD 100, pale green = up,
pink = down … this is intermediate trend.
The algorithm is in “buy mode” when ALL 3 ARE POINTED UP, AND IN
“sell mode” when ALL 3 ARE POINTED DOWN … mixed color combinations
= no trades.
Concurrently on the Netdania 15s candlestick chart, 2 indicators … 1) TEMA
[7, 0.09], and 2) EMA [40] … BUY SIGNALS on the 15s are initiated when 1) all 3
indicators on the MT4 m1 are pointing “UP”, and 2) when TEMA CROSSES
OVER EMA … similarly, SELL SIGNALS on the 15s are initiated when 1) all 3
indicators on the MT4 m1 are pointing “DOWN”, and 2) when TEMA CROSSES
UNDER EMA … DIRECTLY BELOW from today, a split screenshot of EURJPY.
Scanning Turnkey’s spreads this morning, only EURJPY makes the list for crosses
with spreads under 1.3 PIPS, currently running around 0.7 - 1.0 PIPS … USDJPY
carrying a higher spread for no reason.
This just in over on ZH, RE the Ruskies declaring “force majeure” on delivering
Natty Gas to Germany … the link directly below.
https://www.zerohedge.com/energy/gazprom-declares-force-majeure-will-halt-
gas-flows-germany-indefinitely
And if that’s not bad enough for you, try this … link directly below.
https://www.zerohedge.com/markets/germanys-crisis-about-get-even-worse-
No market price reaction as of yet to these 2 posts, which I find puzzling, as a
stoppage of gas will literally kill the German economy going into winter … we’ll
see how this plays out, with all eyes on Friday. In any event, how do you square
this circle with a screaming higher EURUSD?
Quite frankly, I’m more than a little confused by the news flow today … rates
higher, and the Ruskies are claiming “force majeure” on Natty Gas to Germany,
yet EURUSD screams higher, USDJPY moves lower, and EURJPY goes and hits
a new high for the day right around the London Fix [yea, somebody got “fixed”
alright] … none of this makes any sense whatsoever … meanwhile the crosses
algorithm just performs exceptionally well in EURJPY … the lesson for me is
simple … turn the frickin’ news off and just pay attention to the cross,
nothing else!
There were a boatload of algo buy signals today, and if I had followed them
we’d be singing from the rafters … instead, before said Ruskie news, one algo
buy signal in EURJPY … TURNKEY PAMM UP SLIGHTLY … is the Ruskie news
bogus? … seriously, I kept waiting for some hard drops to show up, but they
never materialized in the slightest … sorry, I find it hard to believe EURUSD
rallies hard into news like this, and it made me highly skeptical of taking signals
… THE RAMP into the London Fix, simply the same old bullshit manipulation of
the banks, that they usually pull almost every single day, so nothing new there
… of course, now that the “Fix” is over, EURJPY can move lower, natch, cuz all
the corporate & institutional Chumps have been filled at the top … the bullshit
never ever stops.
I will say, though, I’m extremely pleased with the way the cross algorithm
modeled price in EURJPY … this was not an easy day … multiple reversals seen
again, so there was no “straight shot” all day to give the algorithm a false sense
of security … fills and latency also OK, so I got no complaints about the platform
… this should serve us well into the future … onto tomorrow!
… 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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