“Sooner or later, they will come for it all!”
Oh boy, “markets” [meaning the dead ones that don’t move anymore] reopen
after a U.S. Holiday, and traders come back to a big bag of nothin’! … stick a
fork in any market to see if its moving, cuz more than likely it’s dead … none
more so than stocks, which are still in the grips of the “QE levitation act”
perpetrated by the FED, to keep the stock market bubble alive and well into the
New Year, and most likely into the November 2020 election. “So, what’s the
point of even being open if nothing is going to happen”?
Well EASY PEEZEE … banks gotta scam every market for pocket change to
keep the largest money laundering scheme known to the history of the world,
alive and well, and running on schedule to make the payments … payments?
… you think all the POLS, Apparatchiks, regulators, exchange pooh bahs, &
brokerage house execs come cheap? … what the hell do you think runs the
world, and why nothing short of abolishing the FED and commencing the
revolution is gonna change things one iota? … nobody in power wants to see
Meanwhile over in crypto, where markets are humming much to the chagrin of
government types everywhere for 3 basic & big reasons … 1) they can’t control
it so they have no idea how to tax it, 2) they have no idea who’s doing what,
except to know that their BFF’s, the scumbag TBTJ & TBTF banks, aren’t in on
the trading, so there’s no bags of money to be had for looking the other way,
and 3) what they can’t control they don’t like … period … financial freedom is for
elites, not serfs and worker bees like you!
The entire premise of government today is twofold, and can be summed up quite
easily; 1) grow the “deep state” and keep them loyal, and 2) YOU can’t be allowed
to have financial freedom cuz we need your money … “learn how to be a good
worker bee and we’ll flood you with “freebies” [that you pay more for than
otherwise, but nonetheless, you’re a worker bee, not a card carrying member of
the elite.], but don’t ever think you’re gonna be free”!
So, markets are “open” today to skim money … nothing more complicated than
that … and with almost ZERO VIX in anything, good luck with whatever it is you’re
trading, cuz the scumbag LP’s will make sure they click off every MT4 technical
indicator buy/sell signal to get you “to jump” … and then proceed to fade the
signal and force you to puke … in essence, you’re a Pavlovian dog and don’t
even know it! … when they have unlimited free amounts of money from the FED,
to do their policy bidding [wink wink, nod nod], and can always get more for the
asking, AND they can see order flow, what the hell do you expect them to do?
Well, guess what? … can’t do that in crypto … say whatever you want about the
minuscule futures exchanges in BTC, the corrupt CME and the inept ICE … add
‘em both up and they don’t do 1% of world daily volume … and can the scumbag
banks see order flow in BTC? … nope, unless they want to hang their hats on the
liquidity and order flow at ICE & CME … who the hell is gonna do that? … and
without that, how are the banks gonna control & manipulate BTC? … that’s right
Skippy, they can’t … and now you know why more and more traders of all stripes,
are coming from every market on earth to crypto, cuz they’re sick & tired of being
sick & tired from the asshole manipulative banks and what they’ve done to
everything but crypto … and it’s early yet on a dull Friday, but after about 10
hours of trading, BTC has an approximate $340 range … size that up against
anything else, and let me know what even comes close … right, nothing.
Turning to the DJPI30 [Dow Jones Propaganda Index 30], markets close early
today … it’s been about 3 dozen trading days since the major indices in the U.S.
have been down 0.5% … want to see manipulation? … well there it is … and
everything will be fine, until it isn’t … since February 2016, each succeeding
“crack” in the stocks dam, has seen greater and greater explosions in VIX … this
next time will be no different … at some point the Ponzi scheme ends, and it
makes sense to assume it can’t happen before November 2020, but I wouldn’t
bet the ranch on that … somehow, someway, consensus almost never occurs
like most think it will.
The major point I want to make about crypto, though, especially BTC, is that you
have to reign in your leverage to acceptable levels of risk, or this puppy can blow
your donkey right out of the water … this shit moves fast, and while not every
move is fast, there are plenty during the trading day that do … and if you get
caught in too high leverage for your trade, if this freight train comes for you, this
freight train runs you over! … the crypto M1 Scalpers Algorithm limits risk very
well in trades, but I will point out that if you fiddle fuck around and try doubling,
or tripling up on losers, or some such shit as this, they will carry you out toes
up! … you have to be disciplined in this market, and while it’s not my biz to tell
you what your leverage should be, somewhere between 10X - 20X is where your
trading should be.
Some very good algorithm buy signals today in BTC, for some very good gains
on trades … quite frankly, this market and the other 8 pairs at PRIMEXBT offer
the best trading conditions going … if you’re not here, it’s a mystery to me … and
if you aren’t trading crypto with the “Traders Course” [TC] algorithms, then
you’re missing the boat … open an account through my referral link above in the
header, fund it with any amount, email me to tell me you’ve done it, and I send
the $60 value TC to you for FREE … I mean, whaddaya want me to do here?
… there is ZERO cost to you for being a referral account, as PRIMEXBT rebates
back to me part of their commission … commissions they either keep 100% of, or
commissions they split with me … you get the TC for FREE … take the $60 you
would have paid to me and use it in your account … this isn’t rocket science
Some may have noticed a new addition to the right hand column … open a
PRIMEXBT through the pic, and get a 35% deposit bonus [if you want it] … given
the nature and scope of the bullshit going on in the traditional markets on the
MT4 with 1) collapse of VIX, 2) overt central bank manipulation, and 3) no daily
ranges worth a shit, every day you wait and wonder when markets are going to
come back, is another day down the rat hole waiting for some kind of VIX
miracle … why wait, crypto is here, and you can successfully trade it NOW!
Back to the DJPI30, which again today is being propped up by the usual suspects
… what a crock of shit the FED has created … they say they don’t want
“bubbles”, and then they do exactly that … listen not to what these assholes say,
but what they do, and right now they’re in panic mode over what to do with
crypto … when there’s nothing left for them to manipulate, and when the markets
open and nobody is there, I guess they can buy and sell it to themselves to
“jerryrig” for the desired result … meanwhile, USDJPY has a 20 PIP ranges
today, isn’t that wonderful? … and all of you paying the freight, via higher
spreads, in the Yen crosses looking for some kind of volatility to bail you out?
In case you FX traders haven’t figured it out yet, USDJPY from back in the day
when it was “rock & roll” & one of the best markets to trade bar none at the time,
and bankrupted the likes of guys like Victor Neiderhofer, has been replaced by
Bitcoin [BTC] … and the Yen crosses that everybody traded for a decade and a
half and were very good VIX wise, have been replaced by the BTC crosses
… wake the hell up people, and smell the frickin’ coffee … the BOJ has killed
Yen VIX, and that Genie is plugged into the bottle going forward by the guys with
the CNTRL-P machine that you nor anybody else has … you want VIX? … then
move over to crypto!
But today for the manipulators in the DJPI30, it isn’t about “price discovery”, it’s
about “protect & defend” the big cap stocks, and that means very choppy and
uneventful action … up and until China does something, and corrupt leadership
decides it needs to buy SP500 futures lower, indices are going to be defended
… and yes, we know it’s a “88/6/6” trading paradigm, but when that second
comes and China plays their cards, that back “6” is gonna be a B. I. Itch on the
way down … look for it, get ready for it, cuz it’s surely coming … even ChiCom
mistresses got needs & wants.
At mid morning, I got a message from PRIMEXBT about their upcoming 2020
PAMM program … they let me know that everything is on schedule for a Q1 2020
launch and that various parameters are being beta tested, and everything is on
schedule … that’s good news, cuz I’m gonna be there at the very beginning
… these markets are the future of trading, for reasons I’ve outlined already on
the blog … it’s the only place you’re going to be able to get CONSISTENT VIX in
any measurable amount with reasonable leverage, and expect to be my neighbor
in the Caribbean … otherwise, enjoy your stay in sub ZERO weather in the
winter months … you sure as hell aren’t going to consistently find it on the MT4
… MESSAGE TO PEOPLE WITH THEIR HEAD IN THE SAND: “Central banks
have killed VIX in “Hoover Dam” near everything … learn it, love it, & deal with
it … and the way you deal with it, is to leave the MT4 shit behind and start
trading crypto”!! … whether BTC, ETH, or XRP it’s up to you … all are excellent
trading crypto pairs, along with their respective crosses versus BTC … everyday
you sit there and hope FX, gold, silver, or whatever comes back and starts
becoming volatile again, are days wasted on “hopium” … they aren’t coming
back, at least not consistently!! … and on this dull Friday, with shortened hours
in everything but crypto, cuz crypto NEVER SLEEPS, BTC has a $463 range, or
about 7% of notional value, with quite a few fantastic algorithm signals you
could have taken had you already opened an account, gotten the TC and read
chapter 8 on crypto, and then FOLLOWED DIRECTIONS TO PROFITS! … I can’t
make this any easier for you folks, it’s simply not possible.
Stocks close early today … we’re about half an hour from the close, and this day
has been a complete waste of time in the MT4 markets … the DOW30 with a
NYSE session range of about 40 index points … that versus 463 in BTC … do
the math Skippy … money is money … I don’t go deposit onto my debit card or
bank account the DOW30, or crude oil, or gold … there’s no mechanism for that
… but I can load BTC onto a debit card and spend it, did you know that? … how
many times do I have to say this? … it doesn’t matter what it is you trade, what
matters is 1) is it volatile, 2) is it liquid, and 3) can the algorithms successfully
model its behavior for profit … if the answer is yes, then frickin’ trade it!!
Onto next week then … be back for the Sunday blog … until then mi amigos
… Onward & Upward!!
Have a great weekend everybody!