Is there anything funnier and more ironic than a stock exchange closed for
“May Day”? … I’m surprised Biden hasn’t made it a federal Holiday.
Same old shit in gold, but a different day … screw longs, then screw shorts, rinse
& repeat … meanwhile the world’s monetary system burns down, banks fail
regularly now [5 since March], the FED is as clueless as ever, but no worries,
everything is “fine” … WTF?!
Bitcoin starts the “Holiday” off around the world by getting monkey hammered
right out of the gate … take that capitalism! … nice range, but now going
sideways, which btw is better trading conditions than anything else on the MT4
or MT5 cuz “sideways” means in a $200 - $300 range.
Into the New York afternoon, and gold just a few dollars away from another
double reversal day … this only makes any sense if you understand what bullion
dealers do to the trading public and how they manipulate gold with the help of
the FED … one thing to note about the alternative trading algorithm … while you
can make long trades [scalps] when the HULL 204 period is pink in Bitcoin cuz of
the size of the moves and the superior trading conditions, you CAN’T DO THE
SAME IN GOLD … to buy gold for long positions, the HULL has to be blue AND
the SuperTrend has to be Lime … if not, you’re pissing into the wind of a
hurricane and expecting not to get hit … the spread, commissions, and the way
they run stops, and there’s not enough there for a scalp when Hull is pink … and
if you get behind the 8-ball in gold with losing trades, you’re more than likely
screwed, simply cuz the dealer community won’t let it trade like a free market
… and while gold is the worst, it’s pretty much the same scenario with anything
in FX, except without the double reversals most of the time.
No trades for the PAMM today cuz we couldn’t get any buy signals … over in
crypto land, “The Syndicate” doing multiple BTC long trades [on a down day],
and we’re UP APPROXIMATELY 0.3% … simply the grind at work on the scalps
… nothing fancy, just take ‘em when you get ‘em and make the trade, then take
the profit when it stalls and before it turns … 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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