VEGAS TRADES GOLD IMAGE

VEGAS TRADES GOLD IMAGE
Showing posts with label algorithm. Show all posts
Showing posts with label algorithm. Show all posts

Friday, January 3, 2014

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

Thursday, November 14, 2013

THE MUPPET CLASS




                                          Which One Is You?

For the longest time, clients of Vampire Squid [AKA Goldman Sachs] have been known as “muppets”; the people who get the best trading information from the wizards-of-smart analysts making 6 and 7 digit salaries and bonuses. The fact that “your buying” is met by “their selling” shouldn’t concern you; “are you gonna believe us or your lyin’ eyes?”

To the best of my knowledge, the top FX strategist over there [the infamous T. Stolper] hasn’t made a profitable FX trade in over 3 years. Yet, people keep shoveling their hard earned money to firms like this year after year; why?

You can’t begin to explain chaotic systems through logic and intuition. You need the people who live behind the curtain in Oz. Of course, all that comes at a heavy price as you are never going to achieve the results you expect.

Does Vampire Squid allow you to profit from their HFT [high frequency trading] operations? Their proprietary trading algorithms [along with JPM] make billions and the number of trading days they lose money in a year are in single digits. Do you get to piggyback this if you are a “muppet”? Where do you go to sign up for this?

                             Following Algorithms ARE HARD

Two points here worth making; 1) you are the one who is supposed to supply the money, not take it, and by default 2) they are the elite financial class destined by divine right to take your money.

What they know they can’t share with you, because you are too stupid to understand advanced math and chaotic systems. Once given their HFT's, how long would it take the average sheeple to come to the understanding of, “err hey, whadda we need these guys for anyway?”

There is a reason for every rule in my long term algorithm; to keep you out of trouble. Aside from the abject stupidity on my part that cost us about $10-$15 per OZ. on Tuesday, so far this week the algo has done a fantastic job of preventing you from making ill-conceived trades both long and short.

[Like the Yellen up-its-bullish no wait a minute its-bearish price action that got people whipsawed like a seesaw in the last 24 hours. Welcome to news trading.]

We will see if the market is able to break its range tomorrow [Friday] and give us any trading opportunities [I’m not optimistic, but we’ll see]. I know it is hard to sit and be patient; if it was easy and intuitive, everybody would be able to do this and make a fortune. They can’t, and that should tell you everything you need to know about trading.

Have a great day everyone.

-vegas

Thursday, June 27, 2013

WAITING FOR A PAYDAY



                                              Chillin’ Out

I’m putting the finishing touches on the “Vegas Binary Options Algorithm” and should be finished sometime in the next couple of weeks. There is a lot in this file, and I have included some surprises as well. All told, it will make you a better trader, give you more opportunity to make money in the markets, and take away the stress of trading that many of you grapple with on a constant basis.

                                 I Trade For A Living; Help Me

So what really makes people go nuts when it comes to trading?

I try and answer this, plus a whole lot more, in my file give-away in due course. I’ve got some website changes I’ll be doing as well, so be on the lookout for some cosmetic upgrades.

In the meantime, don’t let the markets take your money. Use the markets as your own personal ATM card; deposit once, then withdraw for life.

Have a good day everyone.

-vegas