VEGAS TRADES GOLD IMAGE

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

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

Friday, December 9, 2011

THE “MAGIC” MARKET AS ILLUSION

3

                                         What Do You See?

If you see the goblet you are bullish; if you see the side portraits of 2 men you are bearish? Which one does your brain see first? Can you see both of them at the same time?

I had only been in the gold pit for maybe 5 months, when one day a totally inebriated guy walks in to the pit 10 minutes before the opening bell, tells everybody to shut the hell up and takes a 1 oz. South African Kruggerand gold coin out of his pocket.

He then proceeds to flip it and it comes up heads, so he then tells the pit, “We’re going up today maggots, buy everything.” On the open he buys 10 contracts of gold [1,000 oz.], tells everyone he will be back at the close to collect. Snickers, not so friendly hand gestures, and references to his mother’s lineage come bellowing forth.

Needless to say, we go higher all day. He comes back, tells everyone what rotten maggots we all are, sells his 10 from the opening 7 hours ago and walks out to go back to the exchange bar.

Over the next couple of months, this little opera plays out every day at the open and every day at the close. Some days are heads [buy 10] and some days are tails [sell 10]. Every day this guy wins.

After about the 20th day, other locals get there early to discuss the coin flip. “Hey, it works!”, one trader says to another. Serious, professional traders nod their collective heads in agreement. “Man, I sure hope it’s tails today”, says another, “because the market needs a break here.” Serious, dedicated, professional traders nod their collective heads in agreement.

His nickname was “Magic”, and boy did he have a golden touch. All of a sudden, hot-chick-clerks started saying hi to him, other traders wanted his opinion, and he took it all in and played it to the hilt. The-10-minute-before-the-opening Broadway play was an exchange phenomenon. Guys from other pits, that didn’t open until 9:00 A.M., would show up at 7:10 to see the coin flip. What started out to cynicism was now witnessed by hundreds of traders with anticipation.

Heads! [and the buy orders would get filled out] Tails! [the sell orders appeared]

This went on for weeks, several months, and never a losing day. People shook their heads, said this was nuts, and yet when that coin went into the air it had their FULL attention.

                                      Magic Looks Confused

One day, Magic comes in and he can’t find his 1 oz. Kruggerand. His arms are in a flurry as he checks every pocket 6 times in the span of 3 seconds. Time is ticking towards the open. Another member says, “Hey here’s a quarter, flip this!” In his drunken stupor, Magic grabs the coin and throws it about 20 feet in the air. It hits the pit floor and lands “HEADS”.

“OK maggots, we’re going higher today. Screw buying 10, I’m buying 100!! Noooo wait, 200!!! To the moon Alice!! Somebody open this market!!

Ten minutes later he gets his wish and he buys 200 contracts [20,000 oz.] from an offering group of commercial brokers. He laughs cynically and tells everyone, in drunken English, what stupid, idiotic morons they all are. He checks his fills and stumbles out of the pit.

Gold ends the day $25/ oz LOWER, and nobody ever saw Magic again.

I have no idea what ever happened to Magic. About 2 weeks later, on that infamous early morning Friday in October, I almost had my “Magic moment” when I lost 70% of my account in 45 minutes. Both events forced me to challenge myself and search out and find “reality”, and at the same time discard “illusion”.

In some way, shape, or form every person reading this will go through the same process and come to very different conclusions.

Markets never are what they appear. We live in a quantum universe of probability functions and distributions. There never was and never will be certainty. What separates professionals from the hobby traders that feed the beast money is a sense of finding a market’s reality. Not always, but most of the time, and that is all we can ever ask for from trading.

Don’t be the trader living with Magic’s illusion.

                                                 DESTINY
              The CHOICES We Make, Not The CHANCES We Take, 
                                          Determine Our Destiny

Today’s Action & Weekly Wrap UP

We came into today’s action with the algorithm in “sell mode”. Our first sell signal came at 12:40 AM [Chicago time] at 1708.50. Within a couple of hours we had a confirmation bottom [discussed in the manual and also Appendix IV] at 1705.50. Net gain on this trade of $ 3.00 / oz.

Our second sell signal came at 7:00 AM [Chicago time] at 1717. Within the hour we had a confirmation bottom [discussed in the manual and Appendix III] at 1711. Net gain on this trade was $ 6.00 / oz.

                              Happy Cat Follows The Algorithm

Net gain on the trading day of $ 9.00 / oz.

Ka-chinggggggggggggggg !! [again]

Weekly Recap

            Monday           $ 0.00
            Tuesday           $ 7.00
            Wednesday      $ 0.00
            Thursday          $ 10.00
            Friday              $ 9.00

Total For Week            $ 26.00

Running Total Since Website Created

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.

Total                $ 238.00 / oz.


Once again, the algorithm shines through all the market noise and delivers solid results.

Have a good weekend everyone.

-vegas