YES, LIKE CONTINUING TO COME HERE FOR -vegas INFO

NEW POST IS UP AT www.traderzoo.mobi WHERE I TALK ABOUT FX CONDITIONS THE LAST COUPLE OF DAYS AND WHAT TO DO ABOUT IT. REMEMBER, TRUST US - WE'RE PROFESSIONALS
-vegas

C'MON OVER IT WON'T HURT

                                        Ummmm, Why Are You Still Here?

New post is up ON OUR NEW WEBSITE www.traderzoo.mobi
I promise, it won't hurt switching over to a better platform. Trust me, I'm a professional.
-vegas

NO NEED FOR COLLECT CALLS

FORGET THE TOOTH FAIRY; HE AIN'T GOING TO MAKE YOU ANY MONEY!
LATEST BLOG IS UP AT WWW.TRADERZOO.MOBI SIGN UP FOR TRADING ACCOUNT AT ASSETS FX AND GET $25 FREE [YES, REALLY FREE] AND FREE PHONE ACCESS TO ME - vegas- DURING THE WEEK. OUR COMMITMENT = YOUR $$$$
-vegas

WEEKLY GOLD & SILVER PARAMETERS

DON'T BE GLUM CHUM; ALGORITHM PARAMETERS FOR GOLD AND THE OTHER MARKETS USING THE "vegas PRO Algorithms" are posted at our NEW WEBSITE WWW.TRADERZOO.MOBI

WE'VE MOVED - GET IT?
-vegas

OUR FUTURE IS SO BRIGHT WE NEED SHADES!!
THE COMPLETE "vegas PRO Algorithms" SERIES IS AVAILABLE @ WWW.TRADERZOO.MOBI
WE HAVE MOVED AND HOPE TO SEE YOU SOON ON OUR NEW SITE.
C'MON OVER.
-vegas

CHANGE OF VENUE

                          WE HAVE MOVED! CHECK US OUT @ www.traderzoo.mobi
My blog as well as all of my original algorithms, plus cutting edge analysis is waiting for you.
C.mon over, we are waiting for you!
-vegas

WE HAVE MOVED!

WE HAVE MOVED TO A NEW LOCATION HERE IN CYBERSPACE

CHECK US OUT AT OUR NEW DIGS AT WWW.TRADERZOO.MOBI

WWW.TRADERZOO.MOBI

Bigger, better, and giving you a chance to make a fortune.

-vegas

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

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

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

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

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

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

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

WAKE ME UP WHEN SOMETHING HAPPENS

                               Watching The JPY & AUD Crosses

We start 2014 with one of the worst trading weeks imaginable; oh, too be sure it will happen again, action just this side of wanting to watch “The Brady Bunch” reruns instead of your computer screen.

At our last weekly staff meeting I said, “You just wait, sometime in January we’ll get a week or two that will be crap action wise; where the range will be small and put in during the wee hours of Asia or the U.S. late afternoon, and the market [pick one, it doesn’t matter] will diddle around the +30 to -30 Pips from the weekly open, and I’ll get emails from people wondering if I have died because I haven’t done anything.”

Cousin It pipes in, “Nah, that won’t happen”. “Wanna bet?”, I said.

Needless to say, this weekend I get a free snow cone down at the beach courtesy of the entire staff who is chipping in to cover this mighty expense. I just hope my watermelon snow cone doesn’t have the whiff of almonds when they hand it to me.

I have so far been concentrating on GBPJPY because the spread over all the sessions is right around 1 pip [give or take a few tenths]; GBPAUD on the other hand only has that 1 pip spread for about 5 or 6 hours when both Europe and the U.S. overlap and are trading, and the rest of the day the spread is between 2 – 4 ½ pips.

Even though during this time both GBP and AUD versus the U.S. Dollar has spreads less than 1 pip respectively. So, how come a 4 pip spread 5 hours into the Asian session? Simple; the banks don’t want you picking them off from scalping a volatile pair, and are simply protecting themselves from nasty customer scalp operations via multiple computer EA’s [Expert Advisors] and Eastern European types who got nothing better to do than trade 7 round turns in 40 seconds, each time taking less than a pip from 5 Million stuff.

The other pairs [GBPJPY and EURAUD] are much deeper in liquidity, therefore no need to widen the spread unnecessarily when action is dull. So, my first priority starting the week will be in GBPJPY and then, if necessary, I’ll take a look at EURAUD. We basically are looking at 1 pip markets in each.

True to its nature and most important function, the Long Term algorithm has done a beautiful job of keeping us all out of trouble in GBPJPY the first 3 days of this week. I have made no trades simply because the algorithm really hasn’t called for any [remember the rules everyone]. Granted, late Tuesday morning in the European session, you could have gotten long on a breakout of 1.7246 on the upside. I didn’t take the trade because I didn’t think the market had anyplace to substantially go pre-NFP Friday and the unemployment numbers the BLS will make up.

As things turned out, I was right about this. Other than that, the sharp decline to the lows happened Sunday afternoon and very early in Asia on Monday. From there it has been a slow and haphazard rise up back to the weekly open. Three days in, and right now, we are only about 50 pips from the weekly open; not exactly the stuff legendary moves are made.

Oh, not to worry, as I am sure on Friday both new lows and highs for the week can be expected within half an hour as retail accounts become acquainted again with the casino environment of an NFP Friday.

For everyone that wrote me wondering if I had died and praying for some market action, I can assure you the boredom from watching GBPJPY, early Monday to the present, hasn’t quite turned me to room temperature. However, I do have some advice;

                                          Take Two If Necessary

Last time I checked, I can’t deposit trades into the bank; for that we need real money. Not too worry tradeaholics, everything is fine and well.

Have a good day everyone.

-vegas

P.S.

Another email blast has got me about 2-3 days behind in answering emails. I’ll get to ‘em, so if you’re waiting to hear from me, rest assured an answer is coming very soon. Thanks.

WARGAMING YOUR EVENT HORIZON

                                     Understand The Difference

On Saturday, I spoke to a small group of people [20-30] about trading and how to get started, what to do, etc. During an afternoon break, I had a lovely couple approach me and ask if they could speak to me privately after the function was over. Of course I said sure thing, but wait until everyone else was finished asking questions and then be the last ones left; this would allow time for me to be thorough with whatever they wanted to talk about.

Later, after making personal introductions, the mans wife cut right to the chase; “We are afraid to trade; markets scare us to death; the uncertainty surrounding the whole process seems daunting and we can’t get our arms around it; and finally, we don’t know who to trust.

[I’m thinking to myself, “Well, is this all? Need vitamin advice? How about astrological advice or winning lottery numbers?” Of course I’m just kidding here, but the ease and straightforwardness of her request, along with her implied assumption I can answer this, gives me wonder if I am slowly turning into Bert. If only my Parents and/or Grandparents could see this, they would die all over again; “Wha? You want advice from who? He can’t even mow the lawn right!”].

I know many of you are afraid to trade FX; just like this woman, your fears outweigh your ability to act. The excuses and hurdles are high, and your comfort zone in mediocrity is like an invisible ball and chain around your neck.

Ohhhhhhhh, I’ve seen this phenomenon all my life. Commuting out of the city for 10 years every day for an hour, you get to know all the business types heading home to the burbs a little early. Every day they want to know how much I made; every day after I tell them, they tell me how much they a) hate their boss, b) hate the company they work for, c) hate their career path, and of course d) hate their life in general.

“OK, I say, “Quit your job, lease a membership, and come stand next to me in the pit and just follow me”.

“Hahahahaha, listen to this guy; yea right, my wife would first kill me, and then divorce me. You’re funny Barry, telling me to just do this. Hey guys, I can make $5K a day… Ha hahaha.

“OK, I say, “Then stop asking me how much I made and then shut the hell up and stop bitching about your life. You make your bed and then sleep in it.”

Amazingly ……. Suddenly nobody is laughing or talking anymore.

Fear is something that only exists in your head. What is fear to you is opportunity for others. Fear doesn’t exist outside your head, and has no basis in the universe.

Danger, on the other hand, exists and is real. Stand on a mountain cliff 3.000 feet above the next step, and it doesn’t make any difference how many college degrees you have, how old or young you are, whether you believe in President Goebbels “Hopey Changy” BS, or if the sun is shining or it’s cloudy, take another step forward and you will be dead in short order. You simply take the necessary actions to avoid the danger, or you suffer the consequences of ignoring it.

Following the trading algorithms will solve both fear and danger.

If brains were enough to be successful, everybody that trades would be a millionaire; how come their not?

What have I repeatedly said about the main priority of the trading algorithms? The Number 1 goal of any algorithm should be to keep you out of trouble, and after that make you money. [Sadly, most of the algorithms (trading plans) made available to the retail public have the priorities reversed] Danger of account destruction avoided.

Pure and simple; Fear is the result of not being able to trust or follow an algorithm. You defeat fear in 3 steps; 1) acquaint yourself with the algorithms and the MT4 demo account functions, 2) trade the play money exactly like you would if it was real, and 3) start your real trading with a relatively meaningless amount of money [whatever that amount is for you] that in the worst case scenario isn’t going to change your lifestyle one whit.

Who do I trust? Are you kiddin’ me? Easy.

                                          Exactly: I Trust Me

I don’t want, nor do I ever expect, anybody to “trust me”. You got eyes and you got a brain [well, most of you]; use them. I have given you all the tools necessary for success, as well as access to me. Whether you do things yourself, or you have your funds managed, YOU are always in complete 100% control of your account, your money, and ultimately everything you want to do.

Back to the couple in question; they are going to 1) first open a demo account at Assets FX and trade EURJPY, with the “Long Term –vegas Big Bang Algorithm”, for the first quarter of 2014, 2) after that they will evaluate their success and open a real account to trade themselves with $1K, and also at that time have me manage $1K either with Assets FX or through a brokerage house at C2. Their total risk is $2K; they spend more than that on theatre tickets during the year.

The problem for them is solved; question is, can they follow directions and actually do it.

As we start 2014 trading in a few hours, for you Newbies, it’s time to get off your duff and do something.

Have a great day everyone.

-vegas

TIME TO PROSPER

                                    The Right Trading Mindset

As if I need one more thing added to my proverbial plate, I’ve just found out that Assets FX has initiated a signal service for accounts held at the brokerage house; meaning of course that since I have a real account and make trades, anybody else that has an account at Assets FX can have my trades “copied” into their account. [When I asked about this very subject 3 weeks ago, nobody knew anything. Now all of a sudden it’s here; go figure.]

I don’t have all the details, and I need to talk with someone at the brokerage house about some issues that seem to plague these kinds of “services” everywhere you go. Since it is late Friday on the European continent, getting somebody now who knows anything about this is impossible. It’s Friday afternoon just after New Years Day; as you would expect, the “B” and/or “C” team is running things, and anything but the simplest of questions will have to wait until next week.

If I like what I see, then this would be a great compliment to what we have implemented. This doesn’t change anything at C2. With the added benefit of Assets FX, I still need C2 for 2 important services; 1) verifiable independent third party track record of the algorithm signals, and 2) a place for managed funds to go that might not wish to trade at Assets FX. For whatever the reason, everyone has different choices they can make that suits their individual style of trading.

If this works out, then I don’t know how we can get any more flexible in giving traders what they want from trading; every base will pretty much be covered.

From the information I was provided it is a straightforward enough proposition; I register my account and other accounts sign up for my trades. If I wish to charge for this I can, but like I said, I have questions about leverage, spreads, any brokerage house fees, etc. that need to be answered first. Ahh well, something to do next week besides trade.

When I have all the details, and can make an informed decision, I will of course let everyone know my plans and course of action. I want to be thorough and not have any surprises if we in fact do this.

I don’t see anything on the near-term, intermediate, or long-term horizon that should impact volatility in 2014 regarding the AUD and/or JPY crosses. With both Japan and China in flux [and make no mistake, whatever happens in China greatly affects AUD]; both pairs in the denominator of any of the crosses you choose; volatility should offer us many trading opportunities for profit over the coming year and beyond.

Both the Long-Term and Scalper algorithms will catch these moves when they happen; if it moves the algorithm will be on it like white on rice. If you haven’t done so already, I urge you to 1) install the proper MQ4 file onto the appropriate charts so you have the algorithms operational, and 2) spend some time scrolling back and looking at prior signals so you can see for yourself the power of the algorithms.

I stress again for you Newbies out there reading this; download the demo [Assets FX or any other place you choose] and make your first mistakes with play money. I don’t care who you are or what “pedigree” you think you belong; if you are new to this, you’re gonna make mistakes!

I fully realize that the longer I post, and the number of posts rise along with people visiting the site for the first time, that if you are new here it seems a daunting task to “get up to speed”. Not to worry; if you have any questions simply email me at vegasalgo@yahoo.com and I will get to your post personally ASAP.

Most of the time I reply quickly to reader inquiries, but there are times when I get “blasted” and it might take a few days. Rest assured, I will take the time to respond to you personally. Only I answer emails; the staff [Chief of Staff Milton Waddums, -vegas Jr., and Cousin It] has enough to do with the stuff I give them.

I’m here to help you make money without reaching for your wallet. [Pocket change accepted of course.]

Have a great day everyone.

-vegas

NAVIGATING THE SPIDER’S WEB

                                  Beware Unsuspecting Traders

As we look forward to starting the 2014 trading year on Monday [1/6/14], I want to emphasize some key points before money starts flowing into our accounts from trading. I touched on some of these in my last post, but they are worth mentioning again because they are so important.

Unlike any time in the past, banks and brokerage houses [especially those outside the U.S.] have made it soooooooo easy to open and fund a trading account, that even a third grader could do it in less than 2 minutes. It’s 10:00 A.M. in London, and by 10:15 your account is opened, funded, and you have 500:1 leverage if you want it. What could possibly go wrong?

So the key question here is why do they actively pursue you and want you to open an account? Why do they make it so easy? Simple; they think your money is going to be their money in short order.

Trader Fly: “Oh, that spider’s web doesn’t look that intimidating. It’s just hanging there blowing in the wind. I can easily navigate that thing, and if I do get stuck, how hard can it be to get out?”

Brokerage House / Bank Spider: “That’s right trader fly, we’re here to give you money and make your dreams come true. No need to worry, come on in and get your share of the free money”.

Now, just because you do your “due diligence”, that doesn’t mean you can forget about it and carry on forever. When red flags start appearing and blowing in the wind, you have to act and have a “Plan B” ready to go and be implemented; if it takes a day, a week, or even a few weeks to make the transition, so what?

I’m starting my 37^th year of trading, and although my anecdotal evidence is vast, every year that goes by reveals things I didn’t think was possible a few years earlier. I’ve seen just about everything markets, banks, and brokerage houses can throw at people that cost them money.

But as I mentioned last post, it’s the tangential issues that catch most trader flies off guard. The two biggest issues I have seen throughout my trading career are 1) family and personal issues, and 2) money issues.

Divorce, separation, family illness or accidents, and family jealousy can have a devastating affect on any trader. Over the long run, you have to compartmentalize your trading activities from everything else in your life; people in your “orb of influence” have got to realize the importance of your trading time and that it is something that can’t be messed with by life’s details.

Over time, this will be the hardest non-trading issue you will face. No matter the situation, if you are a professional trader and trading pays the bills, you have to have a plan to work through the difficulty. Two things you must absolutely do; 1) plan early and let everyone know your seriousness of trading as a career, and 2) establish a “rainy day” fund [from profits when you make withdrawals] so that you can effectively take time off to deal with any situation. The last thing you want to have happen is that you have to trade at the same time you are dealing with a personal or family crisis.

TRUST ME HERE FOLKS; JUST PLEASE TRUST ME ON THIS.

The second issue is money. I don’t care how smart you think you are; how many credentialed degrees you have earned; how smart your family and friends say you are; or how successful you have been in the business world. Trading is different and has NO CORRELATION to your previous success or education!

What this means is this: get on a demo first if you have no trading experience and get comfortable with the MT4 trading platform and all of its functions. Brokerage houses don’t give a crap if you make or lose money on your demo; it’s there [the demo platform] to get you educated so you don’t make the stupidest mistakes known to Newbies.

The other money issue [that absolutely destroys people] is funding a new account with a large amount of money. DO NOT throw 100K into an account to see what happens. Start your trading with a small account [even if you have money to spare]; maybe 1K or 2K, something that will absolutely not affect your middle class existence. Nobody is going to have to tell little Sally that she won’t be able to go to college in 10 years because Daddy screwed up and lost 1K trading FX years earlier.

All the “physical” tools you need to be successful as a trader I have made available to you; now, you need to be smart and build your trading business from the ground up into a large money-maker. Remember, trading is a business so treat it like one.

If you have questions about these issues, and are in need of a little advice on the subject, write me at vegasalgo@yahoo.com  and I’ll give you the most honest answer I can.

Have a great day everyone.

-vegas

RECIPE FOR SUCCESS

                               Don’t Be Shy; Embrace The Truth

As we head for 2014, and the markets aren’t doing much over the Holiday’s, it seems a great time to review what few traders seem to want to face; trader truths you can’t ignore.

First up on the list is that it is hard work to be successful trading FX. Walk up to any schlub off the street [or those who actually read Futures Magazine] and ask him/her, “Would you like to make a million dollars trading Forex from the comfort of your couch or favorite beach lounge chair?”, and what do you think the answer is going to be?

There are 2 very important concepts every trader [real or potential] has to master for the hard work to “morph” into money in the bank; 1) you have to religiously follow a trading plan [algorithm], and 2) you have to successfully navigate and deal with all the tangential issues that affect your trading [i.e., brokerage house issues, time management, family issues, internet connectivity issues, computer malfunctions, money issues, etc.].

You have to be able to follow your game plan [mine, yours, or somebody else], and have the guts [faith] to stick with it. Wanna guess how many times I have heard the following, “Well, I bought this book on trading and followed the RSI, and it led to 4 losses in a row, so I ignored it and then the 5^th time it made a bundle but I wasn’t in the market so I’m down about 30% in my equity”.

If I had a nickel for every time I’ve heard this [or close to it] story, I’d have about $2 million bucks in the bank. It’s hard work following an algorithm!

Over the last year and a half, and too be specific October to a few weeks ago at Forex-Metal, I too have been plagued with issues related to trading that have nothing to do with any specific market [except gold]. The question is not if these types of things will eventually find there way to you, but what you will do about it when they do.

You simply have to pull back from trading and solve them before you continue to trade.  If that means your results suffer until they are solved, then tough toenails. It’s the reality that counts, not your wishes. If you ignore them, or wish that they would just go away [called being delusional], your problems will mount and you won’t make any money from trading evahhhhhhhh. It’s hard work dealing with these issues, and they never go away!

Second on the list is that you need help; no trader is an island in the sea of trading. I challenge anybody, anywhere, anytime to show me another professional trader who has 1) my experience level [30+ years trading], 2) active floor experience [10 years], 3) published author, 4) CFTC documented results over 3 years that yielded annual gains of approximately 1,400%, and 5) public access who has published more material for the trading public for free.

Please, send me the names and web addresses when you find them.

Add all this up and you have the necessary “hard data” to be a successful trader from what I and my staff have made available to you. However, it still isn’t enough.

Get real; you have, you are, and you will make mistakes trading. Some of the most basic ones that are committed by Newbies can be prevented by simply opening a demo account first and making mistakes with play money. Trading capital is like blood in your body; don’t bleed your account from stupidity!

You also have to be persistent and consistent in your trading approach; 1) don’t get sloppy with stops, 2) don’t take “shots” with extreme leverage, 3) don’t change algorithms every 29 minutes, 4) do save part of your successful trades for rainy days or weeks when things aren’t so active or when you want vacation time, 5) don’t spread yourself too thin, e.g. like trading 5 markets at once, 6) don’t ever trade off of crap you hear on TV [Fox, CNBC, or Bloomberg] from talking heads, who are simply there to talk their position, and last but not least 7) don’t ever let your success lead you to believe you are now a market guru genius [you are NOT]; keep your emotions in balance.

Last on the list is motivating yourself for trading. I’m sorry, but if the thought of working your whole life to be in the “pudding business” doesn’t get you motivated, then I don’t know what will.

Being free from Government and Corporate tyranny should be one of your top priorities in life. Unlike President Goebbels voters, whose top priority is to get an EBT card and free health care [that somebody who actually works pays for], your dreams of financial freedom can be realized.

Once you taste trading freedom, you are then terminally unemployable!

I would encourage everyone who has questions about anything I have said here [or in prior posts or published articles] to email me and fire away; if you’re thinking about it, then so is somebody else.

Since we are “going live” on C2, there will be many people who come here in the New Year that are new to the site; there is a literal ton of information and posts from me here. Take your time and go through and remember what is on the top of the Blog Site; Read. Think. Study. Act. Prosper.

It doesn’t get any more concise, or to the point, than this.

Have a great day everyone.

-vegas