IT WAS WHERE’S THE TOP? … NOW IT’S WHERE’S THE BOTTOM?

 

“You mean trees don’t grow to the sky? … who knew!!?”

In some respects, it’s simply “flip the script” … the problem with that is that

markets are not symmetrical … in most cases [cuz there’s always exceptions

lurking out there to trip a trader up], gold goes down a Helluva lot faster than

it ever does going up … the gaps are bigger and the sell stop “Scumbaggery &

Fuckery” legendary … in strong bull markets, early in the day breaks can be

bought, cuz the sell fuel will run out leaving only buyers … when markets are

in bear mode or correct aggressively from sharply higher prices, early rallies

will get sold … what matters is what happens after Noon EST in New York

… will buyers show up aggressively and bid price higher or do they wait and

bide their time? … and quite frankly, that’s where gold is at now.

The final version of the trading algorithm worked exceptionally well today … I’m

a little under the weather with a touch of stomach aches today… could be that

burrito bomb I ate last night? … one trade for the PAMM AND WE’RE UP 0.1%

… would have made more trades if I was 100%, but such is life … no more

burrito bombs! … onto tomorrow.

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

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

-vegas

GOLD & SILVER TRAVEL TO WATERLOO

 

“Happens every time there’s a parabolic move UP … so sorry, you lose!!”

It’s not like this hasn’t always happened before, cuz it has … “FOMO & MOMO”

parabolic moves ALWAYS END UGLY! … gold, silver,, crypto, you name it … and

most often it comes out of a weekend where “all of a sudden”, having killed

shorts to no end and frustrating the shit out of those trying to sell the top, people

throw in the proverbial towel and then get long … “can’t beat ‘em, might as well

join ‘em” … then there’s the other side, the longs positioned and already picking

out the color of their new Porsche, and Bingo!, Bango!, Boom!, you’re selling

the ugly break … hello Kia! … so far it’s mild by comparison to other nose

dives, and maybe it recovers, maybe it gets beat silly like a drum at halftime of

the big game … we’ll see … meanwhile, ETH acting like a corn spread in

January … go figure.

Overnight about a $50 range … 6 hours of this bullshit and we’re looking at a NY

session range of about $20 from the extreme tips, but overall about $12 - $15

mostly traded, with “Nada, Zip, Zilch, & ZERO” FOR UP MOVES LIMITED TO

ABOUT $3 BEFORE IT GETS SHIT KICKED TO THE CURB AGAIN and heads

lower in a crawl … long, gone, so sorry you’re selling the break … have you

ever seen a market so completely devoid of buying interest, where 48 trading

hours ago, the entire world was crawling over each other to get long? … and

this action today, so far, tells me people are stuck long and can’t get out … that

doesn’t mean the great bull market is over, simply what I’ve been writing about

for over a week … namely, too many people are long …  …. shit goes up,

everybody and their pet rabbit gets long, and then shit goes down … elevator

up, and out the window to the ground floor when it goes down on that first

wave of “profit taking” [thank you Bob Pisani, CNBC perma-bull hack]

… I’m not surprised it’s going down, but am somewhat surprised it can’t even

muster a couple buck rally to scare shorts shitless … but hey, welcome to gold!

Meanwhile crypto is acting like it died over the weekend … “what do I say at the

funeral?” … and silver getting mauled worse than gold … call it whatever you

want, scalping and/or day trading, it’s a matter of semantics … but it allows one

to blow with the wind and not get stuck … I mean, it only took 45 years for gold

to do these last 2 months, to get the kind of runaway market we’ve seen … can

you wait that long? … there isn’t shit to do in this, but it’ll be interesting to see

how Asia reacts later during night time hours … was this simply a ChiCom trap

or is there more selling to come with some really good waterfalls shaking

people out? … we’re gonna find out … no trades today for obvious reasons

… onto tomorrow! 

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

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

-vegas

SUNDAY UPDATE: CHAOS REDEFINED

 

“Precious metals and crypto!!”

Directly below, this week’s stat facts for our PAMM markets.

click on table to enlarge

VIX ebbs and flows like the ocean’s tides, but what disturbs me the most

heading into this week is that the percentage of trading action as defined by

the “New York session median / the daily range for the day”, has fallen below

50% for Ethereum [ETHUSD] and Bitcoin [BTCUSD] … and what that portends

for both, IMHO, are alternating trading days of pure shit with days of bat shit

crazy [BSC] action … one day a large blow out range and the next it acts like

it’s closed … this is the kind of bullshit that infects FX pairs, purposely designed

to screw specs by the central banks by creating conditions where VIX is highly

inconsistent … and that means banks win and specs lose.

On the other hand, both gold and silver are seeing increased VIX, where NY

headlines about 75% of the daily action in less than 8 hours … and while things

can change, they don’t appear imminent and I don’t foresee gold going

“sleepytime” with a significant drop in range … maybe some, but not enough

to make a difference. … the FED is close to puking gold shorts HARD, and with

solid foreign central bank demand for “bigly & yuge” size, I don’t know how

they see getting out of this FUBAR clusterfark without losing hundreds of

billions of dollars … and that most likely will see gold benefit along with silver.

I’ll move back over to ETH when it makes sense to do so, but 48% versus 75%

in gold is a wide differential and makes for better trade conditions … starting

the week, I’ll be back in gold … onto the week!

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

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

-vegas

7TH GRADE SNOWBALL FIGHT … PART ii

 

“And this is what goes for “war” now? … lob some scripted missiles!!?”

Imagine if this horseshit were in WWII … who is lucky enough to be in Hitler’s

press corp? … would they ask what his favorite flavor of ice cream is? … and

so here we go again with another bogus “the world is coming to an end, sell

Mortimer, SELL!! … WELL IT APPEARS, NOBODY GOT HURT! … what a relief

to the hordes of Libtard Journos who think war is somehow just a photo op

for propaganda … I’m so old I can remember when war was for killing and

breaking things” … and once again, overnight the sellers get stiffed and made

to look like Chumps!

Meanwhile my annual physical, always a pleasure for any guy over the age of 35,

went off without a hitch … sure, you know it’s coming, but that doesn’t stop them

from putting on the gloves that look like they’re gonna deliver a calf out on the

farm … from my perspective, that’s what it looked like … cuz nothing, absolutely

nothing beats the experience of a prostate exam … that was so good, can I get a

second opinion from another Indian doctor here? … and when I sarcastically

asked the nurses where’s my tootsie roll lollipop for being a brave little soldier, I

am magically informed that’s only for big boys who don’t B.I. Itch and moan all

the way down the hallway back to Mommy … “well, that’s easy for you to say

… I’m hoping the mental scars heal by this time next year!"

Is there anything left on the order books for a Friday after first killing longs and

then destroying shorts? … after this bogus WWIII clusterfark you got to wonder

if anybody wants to play trading today, or just go home for the weekend and ask

themselves why they stayed up all night to get the shit beat out of ‘em? … time

would have been better spent watching “Brady Bunch” reruns and WNBA

highlights … asking for some friends … we’re about to find out.

As we lurch to the criminal, money laundering NYSE open, crypto getting some

heartburn slightly lower after basically 5 hours sideways where no headway was

made to the upside … and if you can’t take it higher, disappointment always sets

in and traders will attempt to take it lower … sometimes it works, many times it

doesn’t and in that case you get chopped to death buying breakout tops and then

selling breakout bottoms or vice versa … in any event, not a good scenario when

things are tight and getting tighter … markets have done a complete 180 from 48

hours ago … ultra bat shit crazy [BSC] to are we open?

Now into mid afternoon in NY, and nobody but nobody wants to play … it’s the

human psychology factor at work on a Friday where earlier first longs, then

shorts, got hosed in about as record of a time as you can possibly have … not

just crypto but everything … however, I would note crypto loves to follow and

mimic the NDX100, and the darling techs have been down now 6 days in a row

[including today], losing some 1,250 index points, or roughly 6% in value

… while they won’t usually go tick-for-tick, it’s tough sledding for ETH to move

higher when tech “Stonks” are getting beaten like a baby seal at a Japanese

whale hunt.

So we go from mind blowing bat shit crazy [BSC], and then walk into today and

the entirety of the NY session is about $55 in ETH? … WTF? … and while there

were some algo buy signals, albeit very weak in scope and nature, unless

“Stock Bellie” can regain some upward “FOMO & MOMO”, who wants to be

stuck in ETH begging for price to get above your buy so you can make $0.19?

… and that’s if you’re lucky and they don’t rip the shit out of your order with

slippage … been at that rodeo and don’t want to play for meager gains with the

same risk … all-in-all, simply a shit day … back to those “Brady Bunch” reruns

… so no trades today, not cuz I wasn’t tuned in … Hell, I was “locked & loaded”

… it’s cuz there was no real market today in the NY session, with about the worst

chop you could imagine … blog update on Sunday … cya then!

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

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

-vegas

WHAT GRINDS MY GEARS!

 

“Liquidity providers are pieces of dog shit, and deserve prison!!”

And while there isn’t anything we can do about it, that doesn’t mean I have to

like it or accept it … they are THIEVES PURE & SIMPLE! … not satisfied with

simply making a market and taking a small insignificant fee, they gouge the shit

out of us to the point of what won’t get them indicted … taking losses is part of

the game, but the way they steal from winners and then rub salt in your stab

wound on losses is reprehensible … why should trading finance be any different

than the rest of the country?

Tell the Morton salt girl to get the fuck off my back and stop pouring salt into

Coinexx stab wounds! … if you thought yesterday was bad, and it was, today’s

excursion into LP Hell beats it by a mile … some of the worst slippage fills I’ve

ever seen in my entire trading career on display at “Slippage FX”, a Coinexx and

Turnkey FUBAR production … must every ETHUSD fill be off the bid or offer by

at least $2+ … offer at 58, you get your buy fill at 63 … bid at 34, you get your sell

liquidation fill at 29.5 … what a bunch of bullshit! … prison would be too good

for ‘em! … your only hope of getting anywhere near a decent fill from these

assholes, is if you sell the green spike up or buy the red spike down … not a

guarantee of course, but at least you got a shot.

Double reversal in ETH with a $135 range in NY … quotes are a fucking mess,

with $5 - $7 gaps seen he last few minutes on the upside … and how about the

sell stop hunt earlier for some shits & giggles … once again today, Coinexx LP,

whoever the Hell it is, filling orders like they’re on crack … FUBAR top to bottom

to top!

Multiple trades today in ETH, and we’re DOWN A LITTLE NORTH OF 0.1% … the

dollar amounts aren’t at issue here, although I never like being down anything

… it’s the “trading process” that matters before you start slinging bigger

numbers … and the trading process at Coinexx demands a newer, fresher

approach that is faster than what we got now … quite frankly, it’s the reason

I’ve been delaying the release of the final version of the algorithm, simply cuz

it’s too slow and doesn’t respond fast enough whether you’re trading gold or

ETH … and while I of course know you can’t reduce all “false positives”, it’s the

sneaky ones that hurt the most … I think I’ve addressed that in its simplest

form, and what you’ll see in the days ahead is a very easy to use “user friendly”

approach even the dog could implement [I think] … details on the Sunday blog.

We simply have to beat the scumbag LP at Coinexx to the punch, and we can’t

do it even with ZLMA or the MACD fast/slow slope … by the time we see it, it’s

too “Hoover Dam” too late! … unless the market completely dies on the vine,

and we go back to $30 - $50 ranges for the day in ETH, and $10 - $15 daily

ranges in gold, the algorithm will work exceptionally well … and if that happens,

the parameters of the algo will go “soft” and flatline, a condition that tells you to

leave it alone … I don’t see either market going flatline for any extended period

our late day trades today were all using the newer version of the algo, and all

were winners … that wasn’t the case earlier, despite bullshit fills from scumbag

thieves … onto tomorrow!!

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

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

-vegas

P.S.

Outta here a tad early today for my annual physical … “The Mrs.” dragging me

by my ear lobe and using my middle name … that’s never good is it?