VEGAS TRADES GOLD IMAGE

VEGAS TRADES GOLD IMAGE

Monday, January 27, 2014

THE SEASON OF FREEBIES IS OVER



                                       If The Shoe Fits Wear It

As a collective group [and of course there are always individual exceptions] retail traders are mostly pretenders and wannabees. Certainly, whenever you offer anything free, they will come. Most are more comfortable in the pudding business anyway. There simply is no future here for my team to grow and prosper.

A lot has happened over the last 3-5 business days, and the upshot is that I will no longer be doing retail business. That means no Tweets, no C2 trades, and no posts about trades or FX. My entire team is moving in a different direction – and yes, Virginia, it’s too where the money is.

The downloads section has been wiped clean, and there are no more downloads of free files. That train has left the station, and if you have wanted to download some files but put it off, I’m sorry but they are no longer available.

The entire Vegas Team S.A. is moving institutional [and very large traders], and there is absolutely no time for me to do this here. We are moving to some areas I’m not at liberty to discuss, and doing some proprietary algorithms for some very large traders. As a result, they want us to stop the blog.

I’m not saying I will never post again, because never is a long time, and I don’t know what the future brings. The blog will stay up for people to come to and read the hundreds of posts I have put here, but for right now it’s over.

Your life is what you make it; when given lemons, demand chocolate. I’ve done all I can for you, and the tools for FX success are still going to be here. Do something before it is too late.

All the best.

-vegas

Wednesday, January 22, 2014

I NEED A HUG



                                        Just Like Me Somedays

Back in the day, when trading pits ruled the world, there would be some days that came along when everything you did was either wrong or misguided. It almost seemed like you couldn’t spit and hit the ground. Even the lowest 1 lot scalper scum that slithered along the exchange floor would snicker as you walked by. Clerks looked at you like your zipper was open or you had drool on your chin [or regrettably both].

When I felt like this, I would stretch my arms and hands as if to buy, and scream out,

“Hey, I need a hug!”

Of course, the obligatory spit balls, used chewing gum, flying Frisbee trading cards, golf tees, and other trader memorabilia would come hurtling in my direction along with suggestions about my sexuality and colorful verbal recommendations regarding my mother’s ancestry.

“Ahhhhhh, the memories…”

I want to apologize to everyone that has been looking forward to my trades via C2, or my scalper trades via Twitter; these last couple of days I feel like the guy who got stood up at Prom, and as a result just haven’t had the gusto to even turn on the computer. Don’t worry, I’ll be back trading tonight or tomorrow, and if I have disappointed you I am sorry.

I thought, and was led to believe until yesterday, that things could be worked out at Assets FX for mirrored trades; the half-truths I was fed have just turned me off and make me want to join the circus.

I’m not in a state of self-pity or depression, but more disappointed in the fact that the more things change, the more they stay the same; the trading industry is still the same predatory animal as it always has been. On so many levels this bothers me.

I’ve put the staff on some projects to see if this situation can be solved with some bank out there wishing to build a business; we’ll see what turns up in the weeks ahead.

Have a great day everyone.

-vegas

Tuesday, January 21, 2014

THE FLEECED STATE


                                      Yea, I Know How He Feels

For some of you, your probably wondering what I’m doing with all my trading time? “After all, I’m not seein’ any trades now am I?”

Finally last night, just as Europe gets around to waking up, I had some conversations with Assets FX about having my trades mirrored [copied] to other Assets FX accounts. This lasted until the wee morning with phone calls, Skype, emails, and chat.

The bottom line is that we are NOT going to be doing anything related to this matter.

The reason is simple: MONEY! Not theirs, but YOURS!

I’m sorry, but the sad state of affairs in electronic FX trading, with both brokerage houses and banks, is that they view your money as chump money to be taken advantage and fleeced.

This isn’t something you can blame Assets FX with, as it is a problem infecting the entire trading industry. All of them will compete with each other to get your personal trading account and in the process offer spreads and other considerations that slash their margins to the bone.

But bring up mirrored trades, managed accounts, MAMM, or PAMM and the doors shut immediately. No longer can you expect any kind of consideration or “deal” because the pervasive view is that this is money [meaning yours] that we can literally scalp and get away with highway robbery. All kinds of fees get loaded into the spread, along with fund manager largesse, such that you can barely find a bank or brokerage house that has any of the above named programs where you can trade EURJPY for anything less than about 3 pips [and in some places a 3 ½ or 4 pip spread]. The other pairs [e.g., GBPAUD or EURAUD] and your talking 5 pips plus].

Oh sure, they can mirror my trades, but here are the conditions:
1)     I have to go “buy” software that can copy my trades from “my” MT4 program,
2)     Then the trade is sent to Assets FX where it is executed, and of course
3)     No guarantee can be made your fills will be anything like mine, and finally
4)     Only the “exact trade” can be copied with no regard for leverage.

“Ummmm, excuse me, but anybody but me see the very real potential for abuse by the brokerage house or bank here?”

So, in short, I have to do everything, they do nothing, and just like an EA they are going to rip your market order “mirrored” trade to shreds. Nope, ain’t gonna happen on my watch. Some days, this industry makes me want to puke.

And in case you’re wondering, banks are no better.

“Um, gee –vegas, why do you want to do something like this when we have such a great money-making program in place?”
Me: “I’m trying to offer value and expertise to the masses and thereby attract more biz for you.”
Banksta: “But we can make so much money our way.”

You see how this goes? I’m the crazy one.

So, the only thing I can do is either form another PAMM [which I’m not doing because they rip everyone off] or have you do your own short-term trading. I’ll continue to post on Twitter when I do something [C2 or Assets FX].

Seriously, this is one of those days when I wonder if joining the circus would have been a better career option. Welcome to the fleeced state of world finance.

Try and have a nice day everyone.

-vegas

Sunday, January 19, 2014

DREAMS COME IN ALL SIZES



                                  Your Boat Is Ready To Set Sail

Over in the downloads section, you can now download the “-vegas Scalper Algorithm” PDF manual along with the Scalper Algorithm MQ4 file. I have tried to be as brief and to the point as possible without leaving anything of great importance out. The PDF is 19 pages, easy to read and ultimately implement.

I think most of you will find this style of trading most accommodating to your personality, risk tolerance, and time management.

I firmly believe the “Long Term –vegas Big Bang Algorithm” is one of our teams most important trading accomplishments in the last few years, and that the algorithm 5M candlestick chart overlay really predicts the moves accurately. However, it is difficult for most people to implement due to time management issues; it seems like every time you turn your attention to life [and leave your computer] the train leaves the station and leaves you standing at the platform.

As I stated in my last post, fractal time compression issues [that I firmly believe are in place] have plagued me since late summer with the Scalper Algorithm. Those are now solved, and the new MQ4 file reflects those changes. In essence, the new “-vegas Scalper Algorithm” is in sync with the Long Term Algo 5M chart plum and yellow lines, respectively, only in a different, shorter, scalper time frame [1M].

The margin of error in the new visual MQ4 file is less than + or - 2% [at worst], which I find totally acceptable [not even 1/10 of a pip] for our trading purposes. The aqua and red lines have also been reconfigured along the fractal time compression equations I developed. As a result, they are “leaps and bounds” more accurate than the older version.

Total everything up and the Scalper Algorithm can stand alone right up there with the Long Term Algorithm and make money consistently.

The big advantage for you as a trader, and someone who has dreams of finally escaping the “pudding business”, and by proxy government and corporate tyranny, is that it doesn’t matter when you come to trade. Pick the hours to trade that are advantageous to you and your life. Seriously, how cool is this?

                                    Newbies, The Battlefield Awaits

The only thing that I am waiting on is to talk again with Assets FX about having accounts mirror my trades; that should be resolved in the next few days. 

The 2 necessary files [MQ4 and PDF] for the “-vegas Scalper Algorithm” are available for free download here on the blog site in the download section from 4shared.com [simply click and follow the link]. Alternatively, if you find this too much of a hassle, simply email me at the address below and I will send them to you.

As with everything I publish, I support the algorithm whole-heartedly and will answer any questions / comments you have via email. Simply email me at vegasalgo@yahoo.com and I will reply as soon as I can. Thanks for your support.

Have a great day everyone.

-vegas

Thursday, January 16, 2014

SQUARE PEG, MEET ROUND HOLE



              And Then ......, Jack Got The Bright Idea To Be A Trader

Everybody comes to the marketplace to make money; the $64,000 question is how are you gonna do it? Do you know yourself? Have you figured out your limitations and liabilities? What are you going to risk, and where do you draw that proverbial money “line in the sand”? These and a couple of dozen more equally valid questions I could easily rattle off to ask a Newbie to the FX market.

Over the years, months, and weeks I have often talked about why people fail at trading; add one more to the list. Your trading plan (algorithm) doesn’t match your 1) personality, 2) lifestyle, 3) risk management profile, and/or 4) your trading goals.

There is absolutely no doubt in my mind the “Long Term –vegas Big Bang Algorithm” is one of the very best money making opportunities you will ever come across in the Forex universe. Its visual approach is relatively simple to understand and implement, and of course it is free and supported by me.

BUT …….

As with everything in life, you have to understand the limitations and drawbacks of the algorithm to be successful. In short, the biggest drawback of the algorithm is the large amount of time you have to give the market [any of the FX pairs].

The algo is a real time hog! We don’t know which session, or which hour (s), any cross will really move. I don’t know anyone who can stay up and focused 24/5. I tried it once, and by Tuesday night the dog was talking to me.

For many people, and for many reasons, a shorter time approach is almost mandatory due to life getting in the way of your love affair with your MT4 trading platform.

When I developed the Long Term Algo in late summer, I already knew in my mind the foundation for the Scalper Algorithm was in place; yet, I was missing a key component that was driving me nuts.

Briefly, I was missing the proper math equations to account for fractal time compression.

A couple of on-the-side speaking engagements [where I am always intellectually stimulated], a chance meeting with a University math professor, and a walk on the beach with Cousin It and I get up the next morning and BAMMMM !, there it is tattooed on the inside of my eyelids. The solution couldn’t be any clearer.

[Caution! Trying to understand the logic put in motion by the events of the last paragraph may result in loss of appetite, extreme nausea, and of course hot-dog fingers.]

Because so many people need it, I’ve decided to publish a PDF manual for the “-vegas Scalper Algorithm”. I should, barring any last minute delays, have it ready by Sunday afternoon or evening. I have already placed [for free download at www.4shared.com ] the link on the blog so you can download and install the MQ4 file. Alternatively, you can always email me at vegasalgo@yahoo.com and I will send it to you.

The manual will show you everything you need for success in short-term trading.

These last couple of days I have not traded because I have been working on this file. I think it is more important for you to have this information than me making money and you trying to figure out how I did it.

When trading resumes on Monday, I will be using C2 for the “Long Term –vegas Big Bang Algorithm” in GBPAUD, and I will be using the new “-vegas Scalper Algorithm” for trading in either GBPJPY or EURAUD. I will keep a running tally of the scalper algo results on the blog, with end of month copies of all trades in the account for those that want to verify the results.

Hopefully, within the next few days, I’ll also have information about Assets FX accounts that can mirror my trades automatically when I trade.

Have a great day everyone.

-vegas

Tuesday, January 14, 2014

BOTH EDGES CAN KILL YOU



                                 Before This He Tried To Trade FX

Few things in life really prepare you for a career trading FX; all your fancy schooling and upbringing mean absolutely nothing. Money talks; well, you know the rest. Dealing with disappointment and failure [not from a money standpoint, but from the market “not behaving”] on a constant basis can have a negative cumulative effect on your life if you don’t prepare yourself properly.

Now that I’m “wired in” to the FX Twitter universe, how many were calling for USDJPY to scream lower today, and by default the Yen crosses would get smashed and the carry trade traders would suffer horrendous losses?

“Ummmm, excuse me, liftoff in GBPJPY in 5…4…3…2…”

Once again, the “Long Term –vegas Big Bang Algorithm” should have kept you on the sidelines [in GBPJPY] most of the day; in other words, keep you out of trouble! How many of you couldn’t wait to sell GBPJPY today on the rally? “It’s easy money.” [There is no such thing by the way.] For the most part, the algorithm never gave the sell signal after about 8 A.M. [Chicago time]; it spent the next 7 hours going straight up.

As the sword swallower can attest, spending too much time worrying about one side of the sharp sword can leave you vulnerable to the other side. There is no such thing as “ a comfortable trade” in FX.

I have updated the “-vegas Scalper Algorithm” and the new and revised MQ4 file can be downloaded for free in the downloads section here on the blog. It is important you use this latest version, as it will give superior results versus the previous version; as always, if you prefer, email me at vegasalgo@yahoo.com and I will send it to you if you don’t want to use 4shared.com

One thing is clear from the last couple of days; scalping at C2 will not work. Here’s why; I made simultaneous trades of 10K at C2 and Assets FX on Monday, buying GBPJPY off a buy signal from the “-vegas Scalper Algorithm” [previous version, not the new one]. Likewise, I liquidated at the same time; I made 6.6 pips [after a $0.26 commission] at Assets FX [where the spread was 1 pip and change], and I made 3 pips at C2, where only God knows what brokerage house they used for the quote and what the spread was [I’m guessing it was about 5 pips]. This is over a 100% difference.

If you made 2 trades like this every trading day over the entire year with a 1 lot [100K base currency], you would be handing the brokerage house approximately $17,000!!

Most of the time, regardless the session, the crosses with the best spreads are 1) EURJPY, 2) EURAUD, and 3) GBPJPY. EURJPY is usually lower than 1 pip, while the other two are between 0.5 – 1.5 pips at Assets FX.

What I plan on doing is using C2 for the “Long Term –vegas Big Bang Algorithm”, and posting each month the results from an account at Assets FX where I threw $1,000 bucks into an account and will trade it using the “-vegas Scalper Algorithm”. Of course, I will keep a running daily total of the Scalper Algorithm, but will make available to the public the end of month records so anyone can verify the results.

I have had some talks with Assets FX about having other accounts “mirror” my trades automatically, but there are some details that still have to be worked out. Right now, I’m waiting for a call back with answers from questions I had about logistics and leverage. I’ll keep you posted, but I remain optimistic both I and Assets FX can work out a plan that benefits primarily you.

The Scalper Algorithm is currently using RM=1 in GBPJPY, EURJPY, and EURAUD. I’m using the hourly candlesticks [1 HR] as the basis for long and short positions; when the candlestick is green, I only establish long positions; when the candlestick is red, I only establish short positions. The 1 minute [1M] candlestick cross over/under of plum and yellow establishes the buy/sell signal.

If you are trading multiple lots, take partial profits at the aqua line and let the rest ride until either the 1M red exhaustion line is hit by price or the plum and yellow lines cross.

Please change your yellow line setting manually to “17” from “9” on the 1M candlestick chart. Then insert onto your 1M chart the “-vegas scalper.mq4” file.

With the updated Scalper Algorithm, you literally have hundreds of opportunities per day to scalp these 3 volatile pairs listed above. With spreads less than you would get at an exchange, you have the 3 biggest factors for success in short term trading; 1) very tight spreads, 2) volatile pairs that move, and 3) an algorithm that works and produces results.

Over the last few days, I have had some problems with our email account. Yahoo reset the account, and unfortunately some emails were lost. If you have sent me an email that I haven’t answered, please copy and paste it from your email “send” directory and send it to me again so I can answer it and hopefully answer any questions you have.

Have a great day everyone.

-vegas

Sunday, January 12, 2014

AGAINST THE WINDS OF DESTRUCTION



                                              A Forex Metaphor

I had planned on posting Friday afternoon; then Saturday, but the sickening stench of NFP Friday was still on my mind as the mindless dopes of FX tried to haplessly figure out the latest lies on the U.S. economy[“Up, no down, wait a minute… up I think .. crap, can’t this stuff (GBPJPY) behave?].

And if this wasn’t enough, I wake up this morning to see the twitter post of Pimco Grand Poohbah Bill Gross who says, “The age of getting rich quickly is over as is (most likely) the age of getting rich slowly”. [Emphasis mine]

Really?

Well, I guess when the Fed stops giving you POMO money that pretty much guarantees profit, you would most likely come to the conclusion the world is ending; because now, after years of being handed free money, you actually have to earn it by having some kind of strategy in the marketplace. Good luck Bill.

Which brings me back to Forex; anybody but me notice the spreads [pick any pair] before, during and after the NFP were anywhere from 5 to 40 pips? And you can sit there and tell me this is something worth trading and getting involved in a few hours before the bars open in earnest in New York and Chicago? [“Ha ha ha ha”]

One thing market experience [perspective] hopefully teaches you are that some things never, ever change; there were back in the day, there is now, and there will always be times when your best efforts are to sit and watch others destroy their accounts.

I always give thanks when somebody who has [maybe] about 6 months experience tells me to “get in there” and mix it up; stop being some kind of wussee; show me some “guts” and take a shot; you can’t win if you don’t play, etc.

Well, while you are living in your parent’s basement because college was too hard for you, and since you’ve now discovered FX and think this is the easy “golden ticket” for you, the lesson will you will eventually learn [the hard way I’m sure] is that the discipline necessary for success will always be something that eludes you.

The headwinds from the FX markets will always challenge you; there are no “easy” trades, only the decision to participate with your algorithm.

Have a great day everyone.

-vegas