SAME OLD CRAP, DIFFERENT YEAR

 

“The Asian session once again proves you can’t fix stupid!!”

I can only assume their wallets were fat, and they were itching to buy … anything

… doesn’t matter what, buy it! … and up, up, and away we go while on this side

of the world people sleep … I’m getting tired of the same old shit, different day

routine the Asian session brings to the trading table … and now with ranges

blown out, so that the 20 Day Range MA’s have been met or exceeded before

Europe even opens, we limp into the New York session doing NADA.

Now what? … this is not what I wanted to see on my screens as I start the day, as

everything is blown to shit and back … OK, let’s deal with it.

Now into the New York afternoon, and crude is getting stomped hard lower

… range is excellent, and that’s about all you can say positive … warm weather

everywhere has seen Natty Gas collapse, and crude can’t keep its head above

water, now back into the familiar area of $77 … chop much? … not a single buy

signal in the “Spoos” since before the opening NYSE bell, and that was over 5+

hours ago! … Asia sees it blow higher “bigly & yuge”, but of course it does

… New York can’t do Mr. Jack Squat so far, except go lower … range decent here

as well, but it’s all to the downside … only rallies all day long [so far] have been

vicious short covering affairs, which have no legs … they click off aggressive

buy signals for scalpers, but you better be quick to the scalp … my preferred

algorithm strategy does not go for the quick scalp, but it depends on your

trading perspective, the spread, and whatever slippage you experience.

Good news on the “Spoos” front … algorithm buy signal trade today in the

“Spoos” saw acceptable latency, and fills on entry and liquidation were good

… entry slippage only 0.1 index points, and liquidation saw zero slippage as I

sold the bid on my screen … this is a far cry from the bullshit I experienced at

Turnkey, so maybe Coinexx has their shit together in the “Spoos” … however, one

day’s fills does not a trend make … we’ll see if this holds, but I’m definitely

encouraged by what I see today … in a “perfect” trading world, oil CFD’s would

be like futures and there’d be no reason to trade anything else … sadly they ain’t

… but if “Spoos” can be traded like futures, and the “scumbaggery & fuckery”

associated closely with CFD’s can be held down or eliminated, then I most

definitely will trade the “Spoos” as a top, TOP priority … the “Spoos” futures pit

was where I made most of my millions from trading, so I’m intimately familiar

with the market … for years, going back to 2015 and even earlier than that, I’ve

been screaming at the top of my lungs for somebody to offer a competitive and

decent SP500 CFD … it’s been a lonely vigil! … so maybe Coinexx is the place

where I get a fair shake? … it’s always the last place you look isn’t it? … kidding

aside, I sure as Hell hope so.

Multiple trades today in gold … PAMM DOWN SLIGHTLY MORE THAN 0.1%

… got caught in 2 “false positive” trades … volume was much higher … going

forward, even though the fills and latency in gold were OK, I’ll be primarily

trading SP500 if fills and latency stay acceptable … it’s a better trending market,

and therefore gold goes to second on the list … crude is last up and until it

starts to show me something on the upside, it’s “dead money” and a chop

market.

I was literally prepared today to see any SP500 trade get murdered … while

hopeful, I wasn’t at all optimistic about our chances of good conditions

… surprise, surprise, somebody decides to make a market … about frickin’ time

since it’s 2023 … for the PAMM, this is a “bigly & yuge” development if it holds,

cuz crude oil ain’t gonna see any improvements, and gold lacks consistency,

although lately it’s been good … quite frankly, I’ve given up hope for a consistent,

good CFD in oil, and therefore the “Spoos” become my favorite choice … gold I

will still keep on eye on if the “Spoos” go soft on ranges, but I don’t see that

happening … with about an 80 index point 20 Day Range MA, this is an excellent

market to trade if conditions are right … let’s hope conditions stay “right” … onto

tomorrow.    

… OUTTA HERE … “The future’s so bright I need 2 pairs of sunglasses 😎😎,

and my own Brinks armored truck” 💓!! … Onward & Upward!! 

-vegas

CHICOM RUMORS POST TRICK OR TREAT

CHIC

“Well, they are ChiComs after all, so what do you expect!!?”

So lemme get this straight … a “social website” in China last night says the

ChiComs are getting ready to lift COVID restrictions, and of course crude oil

picks this up and the machines go berserk to the upside … get to the New York

session, and there ain’t Mr. Jack Squat to the range … meanwhile, over in Natty

Gas, the entire days range exceeded as the New York session gets underway,

with price getting mauled via above average warmer weather forecasts for both

the Midwest in the U.S. and Central Europe for November … “so sorry, no short

squeeze for you!”

Oil greets the New York session with a blast straight up … that rolls over and it’s

straight down as the DOW30, and “Stock Bellies” in general get clubbed … now

into the 12th day in a row of price stuck in the mid 80’s … it’s hard for me to see

how oil goes lower from here with any “oomph”, but by the same token it ain’t

rallying either … it’s just one screw job after another day after day, and those that

hang around one second too late get mauled … still plenty of room inside the

ranges, but when markets [including energy] go straight, there isn’t anything you

can do about it except wait for corrective activity and then go with the algorithm

signal as the market continues its trend … however, lately we haven’t been seeing

this … corrective activity simply goes to the other side of the range, and what

we’re left with is the “Flying Wedge of Death” [FWD] in all its infamous glory in

gouging accounts to pieces … in other words, CHOP!

It’s a long day in energy,, so a lot can happen you don’t think has any chance of

happening … so you can’t say “never” when trading crude or Natty Gas

…  trading conditions in both oil and Natty Gas at Turnkey today have been

excellent … given the complete clubbing of price like a baby seal at a Japanese

whale hunt in Natty Gas, I’m surprised the spread has remained as tight as it has

… so far, a whopping 70 cent range to the downside, where short algo signals

were solid gold bars … not that oil & Natty Gas correlate heavily, cuz they don’t,

but when oil can’t move and the other goes completely bat shit crazy [BSC] the

other direction, I’m not excited at all to take a signal I think might just be wrong

and a “false positive” … hindsight is wonderful in trading, and despite warmer

weather forecasted, I didn’t see this “Thelma & Louise” event unfolding … well,

live and learn in Natty Gas is all there is to say.

And so natch, with oil trading relatively “tight” coming into the New York session,

I switched my focus from gas to oil … and for whatever reason the talking heads

wanna give, oil ain’t done Mr. Jack Squat the entire day … “a little song, a little

dance, a little seltzer down your pants”, and you’d be singing about oil today

… as wicked a chop you’ll ever see, as both sides of the price equation battle it

out here in the mid 80’s … now into mid afternoon, oil should be having around a

$2.70 range for the New York session … instead, we’re lucky to see $1 and some

small change … maybe it’s the FED waiting, maybe it’s another reason or group

of reasons … dunno … what I do know is that we’re a good 60%+ underneath the

New York session 20 Day Range MA, and that spells major league trouble if

you’re attempting to scalp or day trade this puppy, cuz nothing can move

outside the tiny FWD before it swings quickly the other direction.

Oil disappointing today, but I can’t blame bulls for not wanting to believe bullshit

out of China from some dumb ass website run by Chicoms … on the other hand,

just a blistering day in Natty Gas to the downside, where sell signals galore

should have made us a fortune … like I said yesterday, no bias in the algorithm

to either side, and shorts are as legit as longs … so far [knock on wood], pricing

here at Turnkey a pleasant surprise on the VPS MT4 platform, where you’d be

hard pressed to find it any better anywhere … and I do mean ANYWHERE, cuz

it’s that tight … let’s hope it stays that way! … and while I was focused on oil

today, Natty Gas has me stoked going forward!

After oil briefly jumped with “Stock Bellies” pre market when the “Chipmunks”

were placing open orders for the NYSE open, and then at the NYSE open, that

was it for oil … it corrected alright, right back down to where it started … and

since then, I’m staring at 4+ hours of mostly a 40 cent range, with some sell

stops getting tripped on the breach of the m30 intraday low that lasted less than

a minute or two … great, something that’s supposed to move multiple dollars,

stuck in a 40 something cent range up/down, yo-yoing like a sine wave?

… seriously? … OK, I’m viewing this as a “one off”, something we see on the

left slide of the probability curve in “the Twilight Zone” where nothing moves

… quite frankly, I don’t see how it could possibly be any worse, but since this

is oil ANYTHING IS POSSIBLE.

Natch, no trades today in oil or Natty Gas for the PAMM … can’t get any signals

… oil cuz it can’t move to save its life, and Natty Gas cuz it’s BSC before & during

the day’s trade to the downside in a waterfall of epic proportions … we just

couldn’t get any halfway decent corrective rallies to sell via the algorithm, and I’m

not selling anything in the hole on a down red spike … starting tomorrow, I’m

gonna get an earlier jump on oil, and start following it around 6 AM EST, instead

of 7 AM … that extra hour might not produce trades, but it’ll keep me focused

quite nicely, and besides, I’m up anyway by then so why not? … FED Lounge

Lizard day tomorrow, but I don’t think it’ll have any effect on Natty Gas, and maybe

a minor effect on oil if “Stock Bellies” go BSC up or down … we’ll see … in any

event, it’s good to be in the energy complex where the action is hot and heavy

… oil resting today, but rest assured it’s not gonna stay that way, and Natty Gas

is normally BSC to begin with, so there’s no shortage of tradeable action in these

2 markets … the key here is FOLLOWING THE ALGORITHM, and not deviating

from its rules … do that, and the money will pile high to the frickin’ moon … and

even though I laid out the algorithm in a blog post earlier, come this Sunday there

will be a new PDF manual for everyone to read and follow … onto tomorrow and

the Lounge Lizards!

… OUTTA HERE … “The future’s so bright I need 2 pairs of  sunglasses 😎😎,

and my own Brinks armored truck” 💓!! … Onward & Upward!!

-vegas

WE ARE NOT IMPRESSED

 

“Markets not impressed with the British flip flop on taxes!!”

It’s very tough to “undo” first impressions … after becoming PM just a few

weeks ago, and running on cutting taxes, here comes Truss with the POL flip

flop, and nothing is gonna get cut, and quite possibly taxes go up … MARKETS

ARE NOT IMPRESSED … “oh yea, that will grow the economy and make things

better, won’t it?” … and as a result, Cable languishes, the panic short covering

squeeze over for now … meanwhile, conflicting supply / demand currents

affecting the oil market, and crude is drifting as well here in the mid 80’s.

Today sees markets reacting to the “Spoos” rally starting at 8 AM EST … and

now we’re back to where everybody is a “Spoos”  trader, no matter what it is

you’re trading … the only question is, how much does it correlate, and when does

it stop … oil today so far, a pathetic range off the “V” shaped bottom in New York,

where 6 hours later you can’t get this stuff to move out a $1 and short change to

save your life … in other words, the yo-yo chop made infamous by the “Flying

Wedge of Death” [ FWD] … meanwhile Cable not much better, cuz after the initial

move in the “Spoos” lifted FX pairs, here comes another MOMO melt up to the

1.14 level to quickly blow some shorts out of the water … got some time

corrections, but no really anything in terms of price … you either buy the rally

near the top, cuz that’s the only way to get in, or you sit … and I don’t buy rallies

… and when it’s over, a whole bunch of specs get to get squeezed out of longs

cuz it ain’t going back up … now what, as the New York afternoon beckons after

the London Fix and a run higher in GBPUSD? … so while the range in Cable

today is decent enough on the surface, the trading action wasn’t that good

… better than oil, but that ain’t sayin’ much … again, if the “Spoos” sputter, oil

most likely ain’t gonna do Mr. Jack Squat … welcome to another useless

Monday, and at 3 PM EST, oil has a daily range of about $2.50, well below it’s

20 Day Range MA … and that means buy signals are weak as well and subject

to fast & vicious corrections, where by the time you see the red spike down, it’s

already too late for your fill cuz it has the potential to be ugly.

And while I could have traded Cable today, I stuck with oil and it did nothing

… onto the rest of the week … no trades today in the PAMM … about 25% of the

day saw a shit spread from Turnkey, which put us on the sidelines, and the other

75% of the day was chop with no real directional bias … here late in the day,

sellers have emerged again in crude, but in the final analysis it all depends on

whether or not the “Spoos” get jacked or monkey hammered in the final 30

minutes into the 4 PM EST close … onto tomorrow where things should pick up.

… OUTTA HERE … “The future’s so bright I need 2 pairs of  sunglasses 😎😎,

and my own Brinks armored truck” 💓!! … Onward & Upward!!

-vegas

ANOTHER USELESS MONDAY

“This looks about right for Monday trading!”

I guess it should come as no surprise, with CPI numbers tomorrow, that today is

a bag of flaming dog poo … not the Asian session of course, but everything else,

cuz as we all know, “Asia flies, the rest of the world dies” … the day’s range put

entirely in during the Asian session, which of course exceeds the 20 Day Range

MA … and once again, we’re left with Mr. Jack Squat.

Nothing I can do with a USDJPY market that refuses to move, and 30 something

PIPS over multiple hours ain’t gonna get you anything but heartburn … a little up,

a little down, here’s your fill, good luck! … and while we still get algo signals, they

don’t mean anything cuz there is no movement, followed by corrective action,

followed by more directional movement … all we get on this side of the world is

horseshit yo-yo “Flying Wedge of Death” [FWD], inside tiny ranges that go

nowhere and do nothing, while still spiking up/down as scumbag banks front

run institutional orders whenever and wherever they can … no trades today cuz

there’s nothing to do … like I said, another useless Monday … onto tomorrow

and CPI.

… OUTTA HERE early before my head explodes and I have to clean it up

… “The future’s so bright I need 2 pairs of  sunglasses 😎😎, and my own Brinks

armored truck”💓!! … Onward & Upward!!

-vegas