That was some New York trading session on Friday … even FX briefly woke up
… for our PAMM markets, it was bat shit crazy [BSC] right down the line
… crypto got mauled, gold & silver put in massive refersals in price, and the
“Spoos” got whacked by Paulie & Sil … ranges blown to shit early, and it was
a race to the bottom.
The very first concern any trader should have is the total cost of what it is
he/she/it is trading … at Coinexx, bid/offer spread + SLIPPAGE in the other 2
“Stock Bellies” CFDs, namely the DOW30 & NDX100, make them unattractive
IMHO to trade … it remains to be seen what awaits us in the “Spoos”, but most
days conditions fall around industry norms and values … what separates the
“Stock Bellies” from other market offerings is that they operate in the “88/6/6”
paradigm of trading [88% of the time higher, 6% of the time sideways, and 6% of
the time they’re getting the shit beat out of ‘em] … and for that reason alone, I
stay on the LONG side of any and ALL trades … avoid getting whacked on the
back “6” and you’ll need super tanker ships to take the money away, IT’S AS
SIMPLE AS THAT!
To that end, a conservative trader might choose to trade “Spoos” from the long
side when 1) the m15 ZLMA [zero lag moving average], period 15, is “white” [up
slope for rising price momentum], AND 2) the m1 ZMLA is either white, or has
just changed colors with the MACD [8 period fast, 15 period slow, EMA]] going
above the “0” level [yellow line] on the histogram below the m1 chart, or is
already above “0” and starts rising again … of course, “FOMO & MOMO” change,
but they do so with the color changes, not out of the blue … it is rare to get
consistent buy signals in an up market that only trap you before you can exit
with a scalp profit before changing short term “FOMO & MOMO” … it’s a lot
more common when the m15 is “hot pink” on the ZLMA, indicating a down price
move is in effect.
At this time, I don’t think I need to change the “vegas mq4 code” for the “Spoos”
to adjust it for higher volatility … maybe later, but not now … RM levels should
be taken with a “grain of salt” when 1) daily or weekend opens come, and 2) econ
reports, FED reports, and FED Lounge Lizards speaking hit the market and there
are very sharp and sudden up/down moves … RM levels are for normal trading,
not news events!
I’ve changed the “vegas mq4 code” for gold on the m15 chart ONLY … that code
is over in “Download Links” and is for the m15 chart only … the m1 stays the
same and uses the current “vegas mq4 code” … higher volatility in gold
necessitates larger volatilities for the longer time period of m15 … no changes
to silver yet.
Directly below the week’s 20 Day Range & Median values for our 5 PAMM markets.
… 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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