TRADING SIGNALS FOR EVERYONE

                     I Got To Take This Trading Signal From -vegas

As I stated last post, C2 is really for those who need managed accounts and to provide a third-party verifiable track record for the Forex community. With over 71,000 members it gives us some exposure to those who don’t even know the blog site is up and running.

Of course, you can sign up, choose not to auto-trade and get the signals sent to you via email or SMS text message, but you have to pay C2 the fees first.

Since my intention is NEVER to get deep into anybody’s back pocket, today we start our Twitter feed at no cost; for you President Goebbels voters that means you don’t need your EBT card to get algorithm signals.

Our handle on Twitter is

@VegasAlgos

Sign up is free, and you decide how you want the signals sent to you.

Whenever I make a trade at C2, I will immediately send a Twitter post; the lag time shouldn’t be more than a second or two. I will predominately use the “Long Term –vegas Big Bang Algorithm” for trades in the non-dollar crosses. Most of the time, I’ll be trading one [or all] of the following pairs; GBPAUD, EURAUD, and/or GBPJPY.

If I decide to move to the “-vegas Scalper Algorithm”, most likely I will trade EURJPY, AUDUSD, and the crosses listed above [maybe, if the spread allows it]. At present, I don’t know if much of my trading will be scalper oriented; we’ll have to wait and see what volatility is like after the Holiday’s.

In addition to the trade signals, I’ll also send out tweets with commentary on anything relating to Forex I think is [or might be] interesting to my followers. When you read this, we’re already live on Twitter, so I may Tweet at anytime.

All of my “Long Term VBB” trades will be captured by C2, and anyone has the ability to track [after a trade is closed] all of the account equity moves plus pertinent trading statistics many traders like to see about fund managers.

So, you now have the full picture of what we [Vegas Team S.A.] are doing. To recap, 1) you got 2 algorithms [Scalper & Long Term] to trade Forex pairs, 2) C2 to provide managed accounts utilizing auto-trade for those who absolutely need them, 3) C2 to provide a third-party, verifiable track record [using the algorithms solely] for the trading community that the public can view, and 4) a Twitter feed from me for those that want trade signals in real time for free.

Now, I know a lot of you people out there are tech savvy; but I also know many of you aren’t. Twitter is easy to use and easy to follow other people’s tweets. Simply go to http://www.twitter.com and sign up for a free account. Once you do that, go to http://www.tweetdeck.com and download the very best Twitter app out there for managing your followers and the people you follow. Don’t let your tech stupidity prevent you from receiving my signals.

When you get TweetDeck up and running, the forum I will be posting in the majority of the time is #forex [hashtag forex]. I’ll also post on #EUR, #GBP, #AUD, and #JPY when those pairs are in any of my trades. For example, if I make a trade in GBPAUD, I’ll post to the forums #forex, #GBP, and #AUD. If I just have comments, it’ll be in the #forex forum.

Naturally, I hope everyone who reads the blog post signs up and receives my posts. You have nothing to lose here by following. Nobody but me makes a post [i.e. no staff], and since I have to sleep and do other things [known as a life], and can’t be at my computer screen 24/5, cut me some slack here for missing some algorithm signals. I’m not going to catch them all in any of the pairs.

                              Leave Some Time For Trading, OK?

So, when you’re trading [laying around in your Man Cave wearing your Spiderman jammies watching “I Hate My Butt” on DirecTV – well, let’s not really go there] and you see a trading signal in GBPJPY or GBPAUD on your computer screen [because you have the proper MQ4 file installed on the MT4 trading platform] and you don’t get a Tweet from me, the conclusion is simple – I’m not trading at the moment.

Especially for you Newbies out there, and I know there are tons of you, I hope following my signals gives you some confidence to trade. First start on a demo, and then later give real trading your efforts when you are comfortable.

I know I will get some emails from some people asking me why I am doing this; giving away valuable trade signals for free when I could charge out the wazoo, so I’m gonna answer that question now.

Nobody knows more than me how hard it is to learn how to trade. I was fortunate in that I had a truly great man [Bert] give me tons of guidance; without him only God knows where I would be. I certainly wouldn’t have the life I enjoy.

I do this for 2 main reasons; 1) to give Newbies a fighting chance in a predatory industry that most of the time only wants their money and then disappears, and 2) to honor Bert the man, and give people a slight taste of being on the other end of giving. I know in my heart that Bert would want it this way. If he were alive today to see this, I think he would say to me, “Good job kid, good job”, give me a wink and then walk away satisfied.

No matter how much money I make trading; no matter how many books I write; Bert always was, is, and will forever be the “master”, and I the “grasshopper”. It simply is not in my heart or soul to charge for help I can give to another aspiring trader; this will always be so.

One last thing; there are a lot of algorithms [systems, models, whatever you want to call them] to choose from at C2. I don’t know how long it will take, but I’m confident we’ll be at the top of the list sooner rather than later.

Next post I will have our C2 details. Until then, have a great day everyone.

-vegas

A CLOSER LOOK AT GBPAUD

                           I See Great Opportunity Here

Here are the rules for trading I am going to use to trade GBPAUD [and by extension for those who wish to trade EURAUD, GBPJPY, and EURJPY].

1)      I place a colored [your choice of color from platform selection] horizontal line at the Monday open [00:00]. [Note: Sunday afternoon action goes into the prior weeks candlestick chart.]

2)      This weekly open line is our demarcation line for being long/short. 30 pips + or – from this open marks the price for initiating long/short positions. From there I follow the yellow/plum line signals.

3)      At any time during the week if the market is in this “no mans land” of + or – 30 pips from the open, I ignore all signals until it moves one way or the other out of this box.

4)      The current Risk Model [RM] for GBPAUD is RM = 2; since I am more conservative, I choose to use the aqua exhaustion line for liquidation should price hit it or go beyond it.

5)      I don’t know for absolute certainty which market hours I will trade this pair. Since AUD is the denominator pair, and the Asian session includes Australia as well as China news, we are going to see some nice price moves, especially in the later Asian session when China usually releases economic news. Initially I am going to try and catch the later half of Asia, all of Europe, and see what is happening at the start of US trading before I call it a day. I don’t know if I can keep this schedule, but I’m going to give it a shot.

6)      My goal is 100+ pips per week on multiple lots.

There are 3 areas I want to cover in more detail to show you what to do when the algorithm presents you with these circumstances; 1) exhaustion line exit and then re-entry, 2) placing of stops and/or liquidation based on the yellow/plum signals, and 3) one  special rule after large moves.

In a strong [up or down] moving market, often times the market will move to the exhaustion line, back off, and then start again with a vengeance in the original direction without ever presenting us with a “new” signal. How do we handle this so we can get back in after some minor correction?

                                    [Click Too Enlarge To Full Screen]

The candlestick chart directly above is from Friday’s action; the first yellow arrow is our long position entry; the boxed yellow arrow is our exit because the aqua exhaustion line has been hit. So what do we do now to get back in?

You wait for the plum and yellow lines to get very close to each other after the exhaustion move; you re-enter the market in the blue boxed area with a tight stop [the white horizontal line]. This stop is a) just below previous current support, and b) if hit the plum line would be below the yellow line signaling you wouldn’t want to be long anyway. Just looking at the chart, your risk here is about 10-15 pips [bid price].

When the market slows down, you have to be more judicious in a) following the plum/yellow line signals, and then by default b) setting your stops.

                                    [Click Too Enlarge To Full Screen]

The candlestick chart directly above is from Thursday’s price action, the blue box highlights an area where price is starting to congest and get choppy; we don’t know how long this will last, but the last thing we want to do is get in, then get out, get back in, get out again, etc., all the while suffering the dreaded chop-chop 10 pip losses numerous times.

When you start to see this, you have to recognize it, and then place an appropriate stop level where, if hit, the chop will have ended. Here, in this example, the 2 horizontal lines would be appropriate stop levels for a long position. The first one [in white] is obviously tighter than the second one [in green], and which one you choose depends on your risk tolerance. They both are good choices. This is how you handle the chop.

There is a special rule for trading; anytime a week is up or down more than 500 pips from the previous week [and closes the week at or near the high/low], the lower threshold for getting short is changed from -30 from the open to -150 pips from the open if the market was higher, and the higher threshold for getting long is changed from +30 pips from the open to +150 pips from the open if the market was lower.

In addition, if the market was up that 500 + pips, all long signals can be taken to the -150 pips from the open and if the market was down that 500 + pips, all short signals can be taken to the +150 pips from the open.

This special rule IS ONLY FOR WEEKS FOLLOWING 500 + PIP MOVES IN THE MARKET, WHERE THE CLOSE IS AT OR NEAR THE HIGH/LOW. IT IS NOT FOR OTHER WEEKS. This allows us to take advantage of carry over momentum from week to week when the market is trending strongly IN ONE DIRECTION.

So, since last week saw GBPAUD up about 530 pips on the week and closed very near the high of the week, the special rule is in effect for this upcoming week. Therefore, from the open on Monday, -150 pips from the open we follow the long signals, and if the market goes -150 from the open we would then follow only the short signals.

[Note: for EURAUD and GBPJPY it is a 400 pip week, and for EURJPY it is a 300 pip week. The threshold level for EURAUD and GBPJPY is also 150 pips, and for EURJPY it is 100 pips.]

For those of you who either don’t know what the algorithm looks like on the chart or don’t have a Forex-Metal MT4 demo [or live] account, the following 3 charts are for the entire day of Friday. I am including them here so you can see with your own eyes the power of the algorithm.

Friday November 22, 2013, 5 minutes at a time from the Forex-Metal server 00:00 [Thursday night] to the Friday close at 21:50 are reproduced below in three consecutive charts.

                                    00:00 to 08:00 – Grid Box Is 11.5 Pips

                                    08:00 to 16:00 – Grid Box Is 9.0 Pips

                           16:00 to 22:00 Close – Grid Box Is 11.5 Pips

When you look at this day, you should intuitively understand why I want to trade this FX pair. Overlayed onto the 5M candlestick chart is the “long term –vegas Big Bang Algorithm” in RM = 2 mode. Since the week is “up” [i.e. green on the weekly candlestick] we are only interested in being long the pair. Therefore, we want to get long on the plum line crossover of the yellow line.

The power of the algorithm has at its heart the yellow/plum line crossover. The margin of error on this visual representation is about 5.2% from the pure math; close enough for us to be right there when momentum changes via the Fibonacci ratios and the most important of the Gann angles.

As Bert once told me, “kid, your analysis doesn’t have to be perfect to make a million bucks in this business; you do, though, have to be perfectly disciplined”.

I want to remind everyone again, I have Patrick Mikula’s 209 page [PDF] “The Definitive Guide To Forecasting Using W.D. Gann’s Square of Nine” publication from 2003. Over the years, I have read and reread this hundreds of times; it is a great source of inspiration, thought, and ideas. Every time I revisit this work I see something different and get a bunch of ideas I want to think through and then check out. Of course, most often times my “out-of-the-box” ideas bear no fruit, but it adds to my education and market perspective. After all, I’m just a student of the market.

If you would like this publication for your electronic library, simply email me at vegasalgo@yahoo.com and I will send ASAP.

Have a great day everyone.

-vegas

GENERATION TRADER

                      Generation Trader Bud Fox & Gordon Gekko

I graduated from college and came of age just a few short years before the financial revolution was about to hit the world with a vengeance.

The first derivatives that hit the financial scene were the introduction of currency futures in 1973-1974. In rapid succession came the precious metals, and then interest rate futures. By 1982, when stock index futures were introduced, the world was being reshaped

When I first started my trading apprenticeship under Bert in early 1977, he introduced the concept of  volatility to me and how very important it was in trading.

“Vola-what?????”

And while I had a handsomely looking college degree under my belt from a few years earlier, I didn’t know jack-squat what made traders rich or how they viewed markets.

                                   Doing What You Gotta Do

On Saturday’s, when the stock-peddlers were taking the day off, Bert and his staff [including me] were at the brokerage house at 7:00 A.M. sharp. As a few of his secretaries found out, getting there at 7:05 was an invitation to find another job.

I mainly helped with calculating various technical indicators he used for his charts. Bert had a literal vault of charts, all meticulously done by hand in various colored pencils on 3ft. X 3ft. charting paper he had a local printing company make for him via special order, that he kept in his drafting table.

After doing charts, we then would talk about how I was doing building my book of business, what markets I was trading [or attempting to trade], what indicators I was using and how, mapping out volatility, what if any problems I was having, etc.

When I hit the trading floor years later, I was under the impression that I could then ignore what Bert had taught me. After all, you could just walk in there, wave your hands around and make some gestures and walk out with money. Gee, what could possibly go wrong?

“Aw man, the guy trades eggs and lumber. This is fuddy-duddy old-timer stuff. What does he know about currencies, interest rates, and gold? Guy trades eggs for cryin’ out loud! I’m part of a new generation of traders.”

“I AM GENERATION TRADER” !!

In reality of course, I’m generation dumb-ass, with just enough knowledge to be dangerous and enough cash to get myself in trouble trading with the “big boys”. Who needs Bert when you got guys like “Magic” flipping Kruggerands before the gold opening, and making more money than I have ever seen in my life? [12/9/2011 – The “Magic” Market As Illusion]

                                            Big Losses Hurt

After I crashed and burned, and got a good dose of reality stuffed into my head, one of the first trading concepts I set about putting into my trading algorithm was volatility. It is a critical component of “The Vegas BFSG Algorithm”. It is the primary reason we only trade one side of the market during a trading session.

Volatility almost insures you will run out of money before it has finished taking the market to a place you hadn’t thought was possible.

So, while we have the luxury of looking at a computer screen that visually represents the thousands of computations necessary to give us the algo, behind the numbers is rock-solid logic and market experience.

We don’t deal in certainties; we deal in volatile probability distributions. At first glance, this may seem risky, but “The Marble Game” [free download at link] we play has much higher profitability than any Las Vegas casino could ever hope to dream.

Today’s Action & Weekly Wrap Up

                                             Waiting To Eat

We are still in neutral mode, awaiting a fresh signal from the algorithm. Since we are well into the US session, and nothing is happening on the last business day before Christmas, the prudent course of action is to go home.

No trading today, so $ 0.00 gain.

Weekly Wrap Up

            Monday           $ 8.00

            Tuesday           $ 5.00

            Wednesday      $ 0.00

            Thursday          $ 0.00

            Friday              $ 0.00          

Total For Week            $ 13.00

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.

Total                $ 285.00 / oz.

Have a Merry Christmas everyone!

-vegas

DID YOU GET THE EMAIL?

                              Uh Ohhhh, What Do We Do Now?

I put an ad out on the internet as follows:

HELP WANTED

$ 100,000 + Per Year

No Experience Needed

You Provide Bus Money

I Provide Everything Else

Very Pleasant Work Environment

8 – 10 Hours / Day W/Many Days 2-5 hours

Must Be Able To Follow Directions

Contact vegas:  vegasxau@ymail.com

Now seriously, how many replies do you think I would get back? Is there enough server space at Yahoo? Bring up trading and you would think Santa had died.

                                         Trading IS Reality

Now, a great many of you have accepted the job offer, and in the last weeks your life has changed. You no longer view markets and trading like you did before. There is a new reality.

                                    My Life Before Trading

I came to trading because I hated corporate Amerika and one look at Bert’s paycheck from 1977 and I was forever a changed person. Because if there is one truth in the world, besides money can’t buy poverty, it is that money = freedom.

Now obviously, I can’t predict how much money you will make for 2 big reasons: 1) I can’t make you follow directions, and 2) I can’t predict the volatility of markets. What I can say is this: unless the world goes back to the 1950’s, and there exists very little volatility in gold and the other financial markets, conditions won’t be present that would prevent you from making a fortune.

Given the financial chaos that exists today, the propensity for Western Democracies [and I use the term loosely] to print money, and the permanent expansion of tensions everywhere, I don’t see a slowdown of volatility any time soon. Yes, I’m bullish on chaos.

                                                 Familiar?

I have been scolded, lectured, and firmly told that it just isn’t possible to do what I have done. Moms [until they convert], university professors [until they want in your funds], family members [until you can loan them money], and significant others [until that first great vacation] vie for that position of sticking their finger in your face.

As you have correctly surmised, I didn’t much listen to any of them.

Today’s Action & Wrap Up

As of 8:00 AM [Chicago time] yesterday, the algorithm is no longer in “sell mode”. Once again, we find ourselves in neutral awaiting a signal for direction.

Other markets, though, continue to profit nicely, and now you know why I’m not a one-trick pony. While gold continues to be my main market for trading, I look at many different markets searching for opportunity. I suggest you do the same.

                   Haaaa !! You Have To Be Losing Money Today!!

One look at the signals from the start of trading today, and you can now understand that when the algorithm goes into neutral there is a very good reason. There were at least 5 buy/sell signals that unless you were extremely nimble, you would have lost money. First and foremost we stay out of trouble. And today’s action very much has trouble written all over it.

So while you were moping around, earlier in the day dying for some action, now I hope you understand that “action” isn’t what we are looking for. I care about profits, and the absolute easiest way to get them on any given day. So when the algo says SIT, that’s exactly what I do. Believe me, I have learned the hard way.

We play on my home field, with my rules, my crowd, and my referees.

Sorry Skeptic Cat, our main priority is prevention of loss. Once that has relatively cleared away, we then look to profit.

So, no trades today with the result $ 0 / oz.

Tomorrow brings another day and another chance of making money.

Have a good day everyone.

-vegas

INFORMATION THEORY & TRADING: YOUR GUIDE TO WEALTH

                                   When Information Goes Bad

Markets are about information. We get bombarded every business day with millions of bits of information; almost all of it is useless. If you watch CNBC or Bloomberg every day looking for that tidbit of info that is going to make you money, then you are the chump at the poker table.

                         Bert Schools vegas on Information Theory

                         “Hey kid, follow me.”

When I had let it be known to the head huckster, aka the branch manager, that I wasn’t going to be doing stocks any longer, and that commodities were my future, he moved my desk over next to Bert. I’m in the fortress city!!

At the time, I knew that Bert was extremely bullish on lumber prices, but what I didn’t know was that he and his managed accounts were long about 700 contracts of lumber futures that he had accumulated over the previous 7 or 8 days.

When I came into the office that day, things were already buzzing. He pulled me aside and said, “Watch and learn today kid.” I knew this was code for shut up, and keep your eyes and ears open.

Lumber opened limit up. At this point, Bert and the boys were up about $5 million. Somebody yells across the bullpen at Bert, and he raises his hand to stop, as if to say, “Ain’t got time now, go away.”

There are about 10 people around our desks, not moving or saying anything. Bert is staring at his quote machine intently. He screams for the order clerk to come to his desk. She gets there to hear him say to her, “Sell 100 FOK [fill entire order or kill it] at limit up, when I tell you to.” She fills out the order ticket and starts to walk away. Bert stops her and says, “Get an order ticket ready to sell 700 at the market.” She fills that one out also and walks away.

I’m sitting there stunned. Stuff is limit up man, what are you doing, I’m saying to myself? Prices obviously got a long way to go on the upside before this move is over.

Half an hour goes by; then an hour. Bert looks like a statute standing at his desk, eyes intently staring, first at the commodities tape, then at his quote machine. Suddenly he shouts to the commodities clerk, “Put the FOK order in!” She yells back about 10 seconds later, “OK, it’s in!”

About 20 seconds later she yells back to him, “ENTIRE ORDER NOT FILLED, IT’S KILLED!”

                   ATTENTION LUMBER PIT TRADERS:

                   IF YOU DON’T KNOW BERT, YOU SOON WILL

Bert immediately runs from his desk to the commodities clerk’s order desk, yelling as he goes, “SELL 700 AT THE MARKET NOW! NOW! GO, DO IT NOW!”

I see this, and I’m about to wet myself. I’m looking at him and the commodities tape; back and forth. Lumber stays limit up and then starts to back off about $2 maybe $ 1.50 and then goes back up to limit up. Bert sees this and starts to giggle. He knows.

Bert goes back to his desk, sits down, and asks me to get him a cup of coffee. “Sure man, anything you want.” He’s relaxed now. About 10 minutes later he gets his fills from the floor, and adding up everything, he and his buds are up about $5.1 million.

ONE HOUR LATER, LUMBER IS LOCKED LIMIT DOWN!!

I still can’t adequately describe, all these succeeding years later, the emotions that ran through me watching this unfold on that day. I remember asking him how he knew, and what his response was. “Conference room, tomorrow morning 8:00 AM. Explain what I did and why I did it. You got the rest of the day to figure it out. Isn’t that hard really. Gotta go now. Don’t be late!” He then walks out of the office.

I sit there the rest of the day, and into the night. When I get home I can’t sleep. I’m putting the pieces together, retracing things that I saw and heard. Slowly, over the hours I get it.

I get in the next morning, and Bert is sitting there waiting for me and he says, “So, what ya got for me?”

“Bert, how many more FOK orders were you willing to put in if that first one had gotten filled all at limit up?”

Bert smiles, takes a couple of seconds and then responds, “You got it kid. Now, let’s go trade the day.”

Bert knew the limit up opening was exhaustion. He used the first FOK order as bait. He wanted to see if it was filled. By not getting it filled, he knew the limit up was weak. This info told him he had to act fast to be the first to start selling before everybody else figured it out. That first break off of limit up was his order. When it went back up, he knew from that first FOK that got killed that it would not last long at the limit up price. Essentially, those fills were the last ones to the party and were now going to be trapped at the highs.

Welcome to the PhD. Program in trading.

INFORMATION THEORY = ACTION + INFORMATION +MORE ACTION = MONEY IN THE BANK. Class dismissed.

                              It's All Coded In For You To Profit

“The Vegas BFSG Algorithm” has 8 specific pieces of information theory coded into it IN REAL TIME. Is it infallible? Of course not; absolutely nothing is. The edge is in the probability distribution of being at or near the high or low of the move and therefore getting good prices and fills and booking profits. I don’t care about buying the low and selling the high. What I care about is when I’m long it goes up AND I GET OUT NEAR THE END OF THE MOVE, and when I am short it goes down AND I GET OUT NEAR THE END OF THE MOVE. Period. End. Of. Story.

Today’s Price Action

We entered today’s trading action in “buy mode” from the algorithm. At 1:15 AM [Chicago time] we got a buy signal at around 1707. A couple of hours later we got a confirmation sell at 1716. Net gain for the day of $ 9.00 / oz.

Ka-Ching!

As a side note, there was a fantastic move in US crude oil today and the algo picked it up perfectly. To those of you trading crude, congrats!

Have a good day everybody,

-vegas

TODAY IS “BERT’ DAY

Today is the anniversary, of the death, of my mentor Bert.

[“A moment of silence as we trade a 100 lot of January lumber futures in his honor.”]

                            Odds Are You Got Schooled By Bert

I was a clueless skull full of mush, peddling AT&T stock to widows, from my perch inside the branch office of a giant Midwestern brokerage house. We were all suit drones, selling whatever the house wanted to push that particular day.

While we all wore 3 piece suits to work, one guy over in the corner came to work [whenever he wanted] in jeans and polo shirt, and told the branch manager what he was going to do that day. “Whoaaaaa I thought”.

A few weeks later I introduced myself to him and asked if there was some day we could grab coffee or lunch. “Sure kid, I’ll let ya know, OK?” I left it at that.

About 2 months later, he yells out my name across the broker bullpen, and says “..come on over here!” A Star Trek transporter beam couldn’t have gotten me there any faster.

We ate lunch on a day when we got our bi-weekly paychecks. He looks at me from across the table and says, seeing the envelope sticking out of my suit pocket, “How much you takin’ home today?” He looks at my check, showing no emotion.

Then I see his. [Note: This is 1977 we are talking about]

My brain freezes because I can’t compute numbers like this.

“Pay to the Order of … $70,000.01”

This is my response to Bert: “Seriously, who do I kill? We aren’t leaving here until you tell me how to do this!!”

Bert was the consummate professional commodity trader. Every day, he slung multiple 100 lots of lumber and pork bellies from his desk for his managed accounts. He schooled more locals on the floor than an English teacher at the high school.

When I would screw up an order or interpret a chart wrong, and go complaining to Bert, he would sternly look at me and say something along the lines of: “OK, you got 2 options; cry about it and whine or learn something from it and then don’t repeat it. What’s it gonna be?”

I want the world to know what a great man you were and the understanding, kindness, and generosity you showed me when I was an idiot. My life is infinitely richer because of you. I will always be eternally grateful to you for the guidance and advice you unselfishly gave me. I hope, in my life, I can be 10% the man you were.

                       In A World Full Of Kittens There Was Bert

 I miss you, my old friend, and I pray someday we have a chance to meet again and talk trading. May God bless you.

Today’s Action & Wrap Up

                      HMMMMMM !! Cod liver Oil For Everybody

If you were trading today, without some kind of a trading plan, it was like getting cod liver oil from Grandma. “Boy that tastes good!”

Did I mention yesterday the algorithm says be short?

               Fade The Vegas BFSG Algorithm & This Will Happen

For you bottom-pickers out there [and you know who you are], when are you gonna learn it isn’t a good idea to fade the algorithm?

If you started your trading day very early, you had a sell signal around 2:00 AM [Chicago time] and should be short from about 1763. If like me, you were sleeping for a few more hours, then we got the next sell signal at 5:40 AM [Chicago time] at 1757.

Later, we got a confirmation bottom at 1745. I discuss this confirmation bottom in the Vegas BFSG Algorithm manual. Net gain on the day of $ 12 / oz.

Ka-Ching.

The fact that gold has moved markedly lower since means nothing; an opportunity cost. Learn it, love it, then live it.

Today at 11:35 AM [Chicago time], XAUUSD hit a low of 1710.40 bid. The Vegas BFSG Algorithm predictive exhaustion low, if it was to happen, was 1710.508 !!

If for some reason you had stayed short, you would have been able to cover at the low of the day.

No need for “skeptic cat”. Download the algorithm at the link and see for yourself.

Have a nice day everyone.

 -vegas

P.S. You are always in my thoughts and prayers Bert. Always.