There will be blood, and rest assured every drop will be from specs … today seeing
so far a very choppy, uninspired trade in crude oil with a dog poo range … trading
conditions at Turnkey OK so far, but that doesn’t mean much when oil sits and
basically does nothing … corn spreads are moving faster this morning than oil.
Day over, and not surprisingly a “hurry up & wait” day [tomorrow worse?] for
most markets going into Wednesday’s FED clusterfark … how much oil reacts to
the FED remains to be seen, but with nothing else really moving, oil took the bait
and decided to sit this one out … and while the New York session [7 AM EST -
3 PM EST] 20 Day range MA in Natty Gas is 35.4 cents this week, today comes
right in on schedule at around 30 cents … both Natty Gas & Crude Oil, the ONLY
markets worth a shit when it comes to 1) CONSISTENT VIX, 2) heavy volume &
liquidity in the physical commodity space, and absence of the FED Lounge Lizards
and their QE CNTRL-P machine that manipulates cash settled markets with
ruthless abandon, and most importantly 4) “purer” charts with regard the trading
algorithm, that makes signals eye watering … nothing else has these 4 key
critical components … nothing … not traditional FX, not “Stock Bellies”, and
certainly not gold & silver.
Over the last month during off hours, including the time spent in the hospital, I
have spent a tremendous amount of time analyzing Natty Gas … how it trades, its
“fingerprint”, and how the crude oil trading algorithm relates to this market … and
it’s even better in Natty Gas than crude oil … to be sure, Natty Gas has its
moments of pure bat shit crazy [BSC], especially via weather … no market shows
any of us any favors … but what Natty Gas has that others don’t is “purity” of the
m1 charts, meaning they trend a whole lot more than they chop … enough of a
short term trend so that the algorithm’s scalps and/or day trades are
predominantly profitable to a high probability event … with good futures
volume & liquidity, slippage is minimal most of the time … sell the big red spike
down or buy the big green spike up, and it’s a different story … directly below,
the CME’s Natty Gas Volume & Open Interest table … and below that, the link
to the page.
I simply don’t know of 2 markets that give us more bang for the buck than oil &
Natty Gas, despite today’s shit range in oil [ughhhh! … about $2 in the New York
session, where the New York session 20 Day Range MA is about $2.78 … about
30% off] … Natty Gas, though, put in signals to drool over, and this market does
this just about every single day … I’m rearranging my priorities some, and
starting tonight / tomorrow my first market will be Natty Gas, and then crude oil
secondarily … only if these 2 markets are absolutely “dead in the water” [stick a
fork in him Jim!] will I look to the DOW30 … everything else can “pound sand”, as
they are simply NOT CONSISTENT ENOUGH IN TERMS OF VIX to be meaningful
for profitability … sorry, but it’s true … a while back I noticed Natty Gas, but
sidestepped it in favor of crude oil … no more … quite frankly, it’s the single best
market traded on the MT4 and/or MT5 HANDS DOWN … this upcoming Sunday
blog update, I’ll be releasing the PDF manual for the updated trading algorithm
… simple … powerful … easy to comprehend and follow … and it won’t be long
in the tooth … most likely it’ll be under 15 pages, so you can get up and going in
a few minutes … the more volatile the market, the better the profitability from
algorithm signal opportunities.
One more thing … Natty Gas can be traded both long and short via the algorithm
… there is no bias to the algorithm, so both are in play … I’d be careful about
being short crude oil, but Natty Gas is a weather market, so have at it … no
trades today for the PAMM … tomorrow starts a new chapter in a new month
with energy being my focus … I don’t like saying it, but other markets are simply
dog poo … and while I’m somewhat pissed at myself cuz it took this long for me
to make the switch to these 2 markets, we’re here now and it’s time to move
forward and book coin … shiploads of cash are waiting for us, and it’s time to
sail and go get them! … onto tomorrow & screw the FED Lounge Lizards!
… OUTTA HERE … “The future’s so bright I need 2 pairs of sunglasses 😎😎,
and my own Brinks armored truck” 💓!! … Onward & Upward!!
-vegas
No comments:
Post a Comment