MARKETS ARE FATIGUED

“OK, but what if every day is like this!?”

Oh look, the world didn’t end with the NFP report … “whisper numbers”, those

bandied about among the smartest people in the room, was for NFP to be below

100K and even lower … some suggesting a negative print … and then the math

whiz kids ruined everything with a benign report … whaddaya gonna do if you bet

on a crash in stocks? … well, you cover and then cover some more, sending

stocks higher, gold lower, and leaving people battered and bloodied.

I’m at the point of giving up on trading gold in these asinine conditions … even

with spectacular trading results from the gold algorithm, the blown out bid/offer

spread, the eye watering horrendous slippage, and the consistent spikes from

hell out of nowhere, make this very unattractive to trade … throw in the thieves

from the scumbag bullion bank LP’s, and you are entertaining a death wish

trading gold … screw ‘em ‘till things settle down.

Conditions remarkably improved in the DOW30, where whatever was going on

recently with FUUBAR-ed bid/offer spreads has been fixed, and trading conditions

are back to normal … with major reports out of the way now, Monday sees me in

the DOW30, where the algorithm has performed an excellent job … as most know,

I detest and hate NFP Fridays, one of the historically worst trading days you’ll

ever run into, no matter what you trade … in the stock indices, it’s even worse.

I’ll be attempting to finish the “Traders Course” [TC] this weekend, but at this point I

don’t know … we’ll see … if not, by next weekend for sure … and with that I’m outta

here cuz I got a lot to do … until the Sunday blog update mi amigos

… Onward & Upward!!

Have a great weekend everybody!  

-vegas

BAD DAY AT BLACK ROCK

“It’s one thing to lose on a trade, it’s another to fuck up royally!”

There’s no way to sugar coat a complete screw up, and I take full responsibility for

it, even though it wasn’t my fault … it’s a long story, without a happy ending, but

the bottom line is we’re down 1%+ today cuz of a fuck up … I want to stress it

wasn’t the gold algorithm’s fault … hell no, that performed beautifully … Cousin It

entered the order on something I said when I had to step away to stop a water leak

and a fan malfunctioning for about 11 minutes … when I came back, he liquidated,

I said no don’t do that, he did it anyway and then the internet went down for 4

minutes and 21 seconds, and we got ZERO chance to make the mistake back.

It’s my fault, not Cousin It … like I said, a miscommunication, and then boom I’m

back and all hell breaks loose … not much in dollar terms, so it isn’t anything that

can’t be made back in the near term, but it’s what happened … so, I’ve taken

Cousin It off suicide watch and he’s back to normal, whatever that is.

Tomorrow’s NFP day, so won’t that be fun … everybody here needs a drink

… until tomorrow mi amigos … Onward & Upward!!

Have a great day everybody!  

-vegas

HUMP DAY SHENANIGANS

“Logic to get through the day!”

Worst day of the week for at least half of ‘Murica, cuz we’re days away from more

football … used to live in the Southeast, and come Fall, the only thing that matters

is the SEC … markets focused today on the ADP employment report, which came

in 5K short of expectations, although revisions of prior reports were revised lower

… just another chance for banks to skim specs a “new one” in the 60 - 120

seconds after the report hits, where they’ll steal more money than Bonnie & Clyde

did in their entire careers.

Today sees markets hijacked and held hostage to the ADP report … now that it’s

out of the way, we’ll see what the day holds with a number of FED PIE HOLES on

tap for further shits & giggles … gold meanwhile continuing its untradeable

conditions with some of the worst bid/offer spreads & slippage I’ve ever seen

… it’s a complete “circus shitshow” … laughable really, just completely

unacceptable, and if they don’t get their shit together pretty soon and clean their

act up, there won’t be anybody in the world who will trade it … then they can deal

among themselves to see who the bigger thieves are.

Directly below is what I’m talking about, where inside of a millisecond these

scumbags manage to screw a bunch of traders on both sides with slippage.

click on image to enlarge

And the bank & brokerage house response? … frickin’ crickets … they steal what

won’t get them indicted. Take a look at the spread + slippage, then take a look at

the average M1 range for the trading day since 14:00 server time [7 AM EST]

… the average range since 7 AM EST in gold is approximately 70 cents … the

current 20 Day Range MA in gold is about $23 … 3% of $23 is 69 cents … so, each

M1 has 3% of the days average range!? … and if I get clipped 50 cents or more

with spread + slippage, somebody out there tell me how anybody makes money,

when it has to go $1+ in your profit direction for you to frickin’ break even?

… and that answers the question of why they open your account, ask no

questions, and allow you to trade … so when I say it’s “untradeable”, I’m not

blowing smoke out my ass, but giving you the breakdown of why you have to

stand aside until conditions get better … this is the third day in a row … it won’t

stay like this, cuz if it does, nobody will trade it.

All that is really happening in gold, is the “Comex Con Game” … roll the rock back

up the hill in a panic, so the banks can play the same game they’ve played for 20

years … which is, sell the rallies to specs, buy the breaks from specs, and with

unlimited FED help and almost free FED money, game the system ‘til it almost

breaks … “can I live long enough to see one or a group of the bullion banks go

bankrupt? ...  I can dream can’t I”? … hopefully, conditions will return so I can

trade this puppy, but what I’m seeing now makes it a “no go”, but understand

we’re dealing with criminals, especially in New York afternoons where the New

York scumbag banks make the market, and they will pull every trick in the book

to separate money from your account into theirs … just look at the M1 @ 20:48 &

20:49 server time and tell me there isn’t something crooked and nefarious there?

… bullshit, and the last few days proves it in spades … as I’ve said before, New

York is simply a vehicle for money laundering on a grand scale the world has

never seen before, all with the explicit blessing of Apparatchik government.

Meanwhile, the sudden dramatic “sigma” misses on economic reports has

spooked the stock indices, especially the DAX30, which is getting beaten with an

ugly stick … so to the DOW30, SP500, & NDX100 which have had ZERO BUY

SIGNALS in today’s NYSE action … when you study & understand the “Trading

Course” [TC] algorithms, you’ll know why buying today has been put on hold

… and that pretty much sums things up for the day … this is disappointing, but it

is October, the most disruptive month of the year … PAMM trading will pick up

tomorrow.

Until tomorrow mi amigos … Onward & Upward!!

Have a great day everybody!  

-vegas

WE ARE THE PROBLEM

“And we are right here, right now!”

And the literal “Dopes” the Sheeple of the U.S. elect each election cycle, looking

for any and all free shit they can muster, continues unabated … the goal is to

accumulate as much money and free shit as possible before it all ends in the

largest, most gigantic, financial & social collapse the world has ever seen

… corruption breeds more government and more free shit, so that the votes keep

coming in … cuz if you ain’t “with us” you’ll miss out on all the free shit

… meanwhile, truly poor Americans and those of traditional minority ethnicity,

especially in inner city hellholes, get played and taken advantage by the same

Libtard POLS that keep coming around every 4 years and promising everything,

and literally delivering nothing … this time around in 2020 will be no different.

And it all spills over into the trading arena, where corruption is rampant,

criminality common place, and everything just hums along cuz nobody sees

nuttin’, nobody knows nuttin’, and nobody hears nuttin’ … the only question

before any of us who trade for a living is,”what are the manipulators doing and

how can I effectively piggyback the process for MAX profit”. … nothing else

matters anymore.

Markets quiet overnight, especially stock indices, as China gives zero guidance

being off for Holiday … nothing like celebrating the fact millions of people were

killed by Mao and crew, and now you can celebrate the “enlightenment” … what

a fucking sick joke … almost as big a joke as the U.S., where apparently we’re in

some kind of contest of who can be bigger hypocrites, the Chicoms or Libtard

DEMS in the U.S. … EXIT QUESTION: “what’s sicker, pretending to uphold the

rule of law as you’re breaking it, or murdering millions for a lie”?

As ZH pointed out on Monday, “Golden Week” in the last number of years has

seen gold get “monkey hammered” almost each and every year … now include

this one … gold longs getting unmercifully squeezed out via sell stops as market

momentum moves lower on heavy selling … next level of support is around the

1440 - 1450 level, and if that gives way, all the way down around 1400 … and while

many will scoff at the idea of gold getting hit hard in the days/weeks ahead, this

market has a way historically of killing people with opinions about how high it

has to be, while discounting the effect of just how low it can go … and in that

process, destroys accounts beyond belief, more than all other markets combined

… not predictin’ it’s gonna this time, just sayin’ for the record for some historical

perspective.

I want to expound a little bit on why the 20 Day Range MA’s, that I put up on the

website each Sunday during the blog update, are so important … they’re not just

numbers I put up so you can go, “oh, that’s nice … what’s it got to do with the

price of tea in China”? … they are indirect measures of current volatility [VIX],

and very quickly in visual format you can get an idea of where things are going in

terms of VIX … that in turn, gives you a very good idea of what to expect during

the trading day, and more importantly how it impacts the “Trading Course” [TC]

algorithms … it should be no surprise, that the lower the 20 Day Range MA is for

any market, relative to its history, the more “false positives” the market will

subject you to, and the higher the MA the better the probabilities of the market

giving you an algorithm signal and the market moves in your profit direction … in

addition, given the larger range, the better your ability to recover and recapture

any money lost on any losing trade during the day. So, as your looking at the

charts I put up, don’t just look at them as numbers, dive deeper and understand

what they really mean to your trading.

Well, nothing like a “sigma” miss on an economic report to get markets to gap

… and gold of course takes the bait, as I guess everything is good again with

gold, so everybody can now buy back gold that they sold on sell stops below 1478

to the scumbag banks and play the “Comex Con Game” for the gazillionth time

… cuz quite frankly, that’s what it feels like … and when you get a market that

goes straight up, right almost exactly to its 20 Day Range MA, even when it

corrects, it’s O.V.E.R. for the day, as there isn’t anything left but to chop around

and hand the scumbag bullion dealer banks some nice slippage for playing

… and sure enough, as soon as gold topped, it backed off and hasn’t done shit

since … if you think this is a coincidence, I got some beachfront property for you

for sale in Kansas.

Once again today, for the third day in a row, gold completely untradeable,

especially after the ISM report … if you like 20 cent bid/offer spreads combined

with 20 - 50+ cent slippage on fills, if you’re lucky, then gold is for you, and the

thieving LP’s at Turnkey will be happy to accommodate you off the market and let

you play … all gold has to do is go in your profit direction $1, and maybe with

slippage getting out, you’ll break even or make 2 cents … some deal … no thanks

… the stock indices no better from the long side, as the algorithm had no buy

signals today … the DAX30 got destroyed today, and again no buy signals in here

as well, although selling the DAX30 on sell signals would have made you a small

fortune … Cable being Cable and it is October, so BREXIT is front and center with

a Halloween deadline, and that means the mistress funds have got to have an

early Christmas … not to disappoint, Cable soared and then went

“Thelma & Louise” on Irish backstop news, and then an E.U. denial a little while

later … shouldn’t be any surprise why I’m avoiding this shitbox until BREXIT is

over and buried one way or the other … “thanks, but I don’t feel like contributing

money to your ugly mistress”.

Well, since crude oil & the Hang Seng are out of the question at Turnkey cuz they

are complete ripoff CFD’s, that leaves 8 markets to trade algorithm signals today

… the DOW30 and the SP500 a complete joke at Turnkey, with bid/offer spreads

changing faster than “The Wheel of Fortune” … hit the buy/sell button and close

your eyes for the fill, cuz I guarantee you aren’t gonna like it … throw in “Vito

Corleone” slippage to make the suffering complete, and let me know how your

day was … that leaves 6 markets … the NDX100 offering no buy signals, despite

the feeble rally off the low in the last 90 minutes of trade .. down to 5 markets,

subtract gold cuz it’s insane, and we’re at 4 … take out GBPUSD & EURGBP cuz

of BREXIT horseshit, and that leaves 2 … I don’t scalp / trade silver cuz I’m not in

the insane asylum [yet], and the DAX30 had ZERO buy signals today … OK, time

to do laundry I guess!

Again we see, “speed of light … crickets”, with gold offering the key today,

sucking back in every last gold bug in Hooterville … and now a few hours later,

back under 1480, having dropped between $9 - $10 off the panic high … again, the

20 Day Range MA playing an important role in algorithm buy signals, cuz while

there were a couple after the high was put in, where’s the market gonna go after

most of the “buy fuel” got used up … you simply can’t count on extended ranges

past the 20 Day MA for the week, cuz if you do you’re fighting the probabilities

against you … think about it.

Onto tomorrow … how it can be any worse than the last 3 trading days, I dunno

… given these reports, along with FED PIE HOLES speaking, it’s a wonder

markets can even trade period, and then of course on Friday it’s NFP time once

again … oh fun, oh joy … of course, it would be nice if the Jackals at Turnkey

could make an honest and fair market, instead of screwing everybody 24/5, but

that’s not gonna happen anytime soon … I’m here to make the trades off

algorithm signals, but I’m not here to hand out bags of free money to scumbag

LP banks.

Until tomorrow mi amigos … Onward & Upward!!

Have a great day everybody!  

-vegas