No Deep Thoughts Today
I’m going to take this opportunity, on the last business day of the year, to say a couple of things. No deep thoughts here, philosophical arguments, or trading lessons to ponder. That we will pick up and continue in 2012.
Instead, I want to say how happy I am for all the people who trade “The Vegas BFSG Algorithm” and are making consistent money. It has been a gratifying first couple of months, There are veteran traders and newbies alike who have turned the tables and are making more money than they thought possible. To all of you I say CONGRATULATIONS!!
As highlighted below in the trading wrap up section, for the last 2 months of 2011 we made an astounding $306.00 per oz WITH NO LOSING TRADING DAYS IN NOVEMBER OR DECEMBER!!
How good is the algorithm?
For all of you that are trading, I will let you answer that question with your loved ones over the New Years Holiday!!
As we enter 2012, I see no drop off of volatility that can slow down the gold market [or others for that matter]. In fact, I think with what is going on in the world volatility may increase for most of the year. It will be an interesting year to say the least.
But one thing will remain constant: If the market moves, we will be there to capture the price movements and in the process MAKE A BOATLOAD OF MONEY!!
Happy Cat Liked 2011
That’s a nice thought to end 2011.
Today’s Action & Weekly Wrap Up
We came into today’s session in “buy mode”. Our first signal came at 12:25 AM [Chicago time] at 1556.50. Stop on this trade was placed at 1552.50, the low point from 45 minutes earlier. About an hour later we got a confirmation top [discussed in the manual and Appendix IV] at 1561.50. Gain on this trade was $ 5.00 / oz.
Our second trade set up beautifully for a couple of reasons: 1) we got a buy signal, and 2) the technical set up was perfect owing to the fact that we could place an extremely tight stop therefore not risking more than $2.00 / oz. If we get stopped out, we end the day up $3.00 / oz and go have a Happy New Years party later on this weekend.
Our second trade was made at 2:50 AM [Chicago time] at 1560. Stop on this was placed at 1558.00. From our entry point, the market never looked back as it started higher. A couple hours later we had a confirmation top [discussed in the manual and Appendix IV] at 1570.00. Gain on this trade was $ 10.00 / oz.
Total gain on the day was $ 15.00 / oz.
KA-Chinggggggggggggggggggg [Oh yea]
Because I can, and it’s the start of a nice 3 day weekend, and because I know it will irritate Skeptic Cat & Skeptic Dog: a double ka-ching coming up.
Ka-Chinggggggggggggggggggggg [This feels good!]
Weekly Wrap Up
Monday $ 0.00 [Market closed Holiday]
Tuesday $ 2.00
Wednesday $ 4.00
Thursday $ 0.00
Friday $ 15.00
Total For Week $ 21.00
Running Total Since November 1, 2011
11/02/2011 – 11/04/2011 $ 25.00 / oz.,
11/07/2011 – 11/11/2011 $ 86.00 / oz.,
11/14/2011 – 11/18/2011 $ 49.00 / oz.,
11/21/2011 – 11/25/2011 $ 11.00 / oz.
11/28/2011 – 12/02/2011 $ 41.00 / oz.
12/05/2011 – 12/09/2011 $ 26.00 / oz.
12/12/2011 – 12/16/2011 $ 34.00 / oz.
12/19/2011 – 12/23/2011 $ 13.00 / oz.
12/26/2011 – 12/30/2011 $ 21.00 / oz.
Total $ 306.00 / oz.
For 2 months of trading, ending 2011, we are up $306.00 / oz without a losing day of trading!
I’m wishing everyone have a very Happy New Year!!