Well, here we are on another fun filled excursion into financial market
manipulation & the utter killing of volatility across ALL traditional markets
including gold … having fun yet in this bullshit traders? … I’m guessing no, and
if you want to blame the upcoming Tuesday election go right ahead, but it simply
makes no difference … fact is, the whores in the MSM are government tools of
the first order, and you’ll be given what you need to think whether you like it or
not … traditional markets are nothing more than manipulative “pump & dump”
Ponzi schemes, led & encouraged by central banks like the feckless faculty
lounge Lizards at the FED … the cycle is simple enough, cuz all it is are the
endless repeating stories of hopium & dopium versus reality … rinse, repeat
with smaller & smaller ranges and lower VIX, and when is it exactly you realize
it’s nothing but a “chopfest” that enriches the scumbag LP banks & makes you
poorer?
One look at a daily gold chart, and you can clearly see what I’m talkin’ about
… I’ve seen EKG’s from the county morgue that are beating faster than gold
… WTF is this? … well, in no uncertain terms, this is the U.S. government via
the FED, clamping down on gold volatility to punish the shit out of all of those
who want to bet against government stupidity … and they have the CNTRL-P
machine to back the scumbag bullion dealer banks, who get to stand there and
sell paper gold ‘till the buying dries up … longs get nervous cuz it’s not rallying
in the face of ever worse bad news about everything, and sooner or later the sell
stops get hit … and standing there to buy back what you bought from them
earlier in the day / week / month but at lower price, they win and you lose, all in
an environment of ever lower volatility … and in this environment, cuz there’s no
real trading activity, it’s the “loser formation” in spades most days, meaning if
you get caught on the wrong side of this clusterfark you’re apt to have a very bad
day cuz there’s no way to make it back … problem is, they know it but most
traders don’t … and now that they’ve blown the bid/offer spread out to between
20 - 30+ cents per oz., it’s even more difficult than before when it was in the
teens … fact is, the scumbag bullion banks are doing their level best to make
sure if you attempt to scalp gold and pick them off, they will be there to make
sure the scalp is yours … you simply have to understand, THERE ARE NO
TRADITIONAL MARKETS ANYMORE THAT OPERATE WITHOUT GOVERNMENT
MANIPULATION OF ONE KIND OR ANOTHER … they ALL are corrupt to the core,
and the name of the game is to beat the manipulators & the CHICOMS who call
the shots.
FX, “Stock Bellies”, crude oil, gold & silver, they’re all corrupt and led by forces
you had better understand or the scumbag banks take your money … as I said
yesterday, if the gold spread was 3 cents AND stable, gold could be scalped &
traded quite successfully via the trading algorithm, but at 20 - 30+ cents it can’t,
and what that tells you is that the scumbag banks are not willing to allow it cuz
that’s their job … your job is to hand them money by being a trading dope, and
their job is to take it … and I haven’t even touched on slippage if things pick up
and get a little wild … so, here we are yet again another day, where I’m watching
gold early in Europe and it’s a disgusting mess of a market with ZERO movement
… what a very sad state of affairs … and then, in the blink of your eyes, ALL
markets start going “Thelma & Louise” simultaneously across the board … YEN
goes up, EURO & GBP go down, and gold gets “smacked” lower quickly as the
“risk on / risk off” switch set by the CHICOMS goes full retard in seconds … now
what?
But do not despair cuz there’s BTCUSD trading, which by contrast is FREE of
U.S. & CHICOM government manipulation & control, and is the only FREE market
left on this sorry ass planet to be like markets used to be before February 2016,
when the FED used their power to save the oil industry … and so far today, while
the manipulators are busy in CIA & NSA bunkers messing with markets, BTCUSD
already has an approximate $350 range and is busy going up/down on “fear &
greed” just like the old days of traditional markets, and this day has a long way
to go to the finish line … one thing I want to clear up from yesterday, is that
PHEMEX accepts BTCUSD and USDT for deposit … ALL SPOT markets in crypto
pairs [no leverage] require USDT funds to trade … ALL CONTRACT leveraged
markets [max 100X or 1% margin] can USE EITHER BTCUSD OR USDT to trade
… wanted to make that clear for readers.
What I want to focus on today, is the absolute importance of being part of the
open market “order book” versus the closed, manipulated, one dimensional
“take our word for it” bid/offer from the scumbag LP’s [bank or HFT, what’s the
difference?] … and while the former is 100% transparent, the later is 100%
guaranteed to be NOT transparent and your quote is off the market … and
if/when you hit either the buy or sell button on the MT4 or MT5, YOU’RE
GUARANTEED A FILL THAT IS SHIT, and only enriches the scum who have the
nerve to call themselves “liquidity providers” … No, they ain’t LP’s, they’re
frickin’ THIEVES, and most often the brokerage house is in bed with the LP
bank or HFT to split the money they stole out of your account by filling you off
the market … “great work if you can get it, huh?” … granted, the theft ain’t
much by Hunter Biden standards … maybe some pennies or a few bucks each
time … whaddaya gonna do, sue us? … but multiply that by the millions of
trades times the number of accounts worldwide and you should see this is
some serious coin being stolen from the collective trading community … NOT
SO with the “open order book”, where every single bid/offer is there to see for
everybody, and there isn’t a chance somebody [think scumbag LP bank] goes
through your limit order and then has the audacity to say to you, “yea, you
know, we tried our hardest to fill your sell order at 61, and we know it went
63 bid, but we for some reason couldn’t get your price for you, so we went
ahead and sold for you the next bid at 55 … have a nice day!” … what utter
horseshit, and yet you can’t trade with any of these offshore brokerage houses
like Turnkey or Coinexx, or any of them, unless you agree to this.
Of course, the other big problem is the phantom bid/offer quotes when SHTF
from LP’s … the other day when PayPal announced accepting Bitcoin into
accounts for shopping and sending people fiat, saw BTCUSD spike about $400
within a couple of minutes … on the open order book at PHEMEX, yes the price
went bananas to the upside, but the bid/offer spread was still 50 cents
… granted, it changed quickly cuz conditions were kind of wild, but contrast
that with what happened over at COINEXX, where the bid/offer got blown out to
$75+! … even if you were long, you got screwed! … and if you were short, “yea,
here’s some aloe for that burn!” … and so, where’s the market? … at COINEXX
you have no clue, but at PHEMEX you know exactly where it’s at! … looking at
today’s BTCUSD trading action, COINEXX blows the spread out to over $30 on
the BTCUSD down move, as “risk off” becomes the day’s mantra from the
manipulators … “Ok, somebody tell me where the true BTC market is at, looking
at a COINEXX order box with a $30 spread? … Bueller? … Bueller”?
Imagine trading EURUSD, GBPUSD, or XAUUSD on an “open order book” and
where the scumbag LP bank has no leverage over you cuz you can be the “bid”
or “offer” to the market just like them, and when somebody “hits” you, YOU’RE
THE LP NOW getting paid! … imagine this in “The Twilight Zone” of FX, and the
banks would go bankrupt cuz they can’t steal anymore … can’t have that, cuz if
it was allowed, there’s no under the table “vig” for corrupt POLS, Apparatchiks,
regulators, and other assorted Vermin that have their hand out, and so no
garbage bags full of cash in the garage, or BTC in the e-wallet … “it sends a
“shiver” to all the mistress fund recipients the world over!” … and you wonder
why more & more people are saying to themselves, including me, that this
arrangement is bullshit and traders can and must do better?
Well, you can trade gold on the “open order book” at PHEMEX, where you’re
the LP, and limit orders to buy / sell are paid 0.025% of the notional value, and
you can trade gold in increments of 0.001 oz.! … these last few days looking at
the bid/offer spread, it’s been hanging around 40 - 50 cents, but that’s about
what you’re being paid for a “maker” order … do the math Skippy.
Today is turning ugly quickly, and unless you sell shit “in the hole”, there isn’t
any “trading” anymore, cuz that would allow traders to actually make money
… instead, we get the “loser formation” I spoke of earlier … you either buy/sell
in the hole and then pray there’s a bigger fool out there to continue the move,
OR your toast … still, in a FREE market like BTCUSD, there’s plenty of buy/sell
moves … when you look at the difference in how they trade, you won’t want to
spend another 5 seconds on the MT4 or MT5, simple as that.
And from yesterday, below is the order book page from PHEMEX this morning
for contract trading … go ahead, take a peek, it’s worth the exercise trust me.
https://phemex.com/trade/BTCUSD
And from yesterday, below is the order book page from PHEMEX this morning for
“SPOT” trading … I promise, it won’t hurt to look.
https://phemex.com/spot/trade/BTCUSDT
Contracts leverage BTCUSd trading with a 50 cent spread, and spot BTCUSD
trading at between $0.01 - $2 / $3, with ZERO FEES when you enroll in Premiere
membership … and that’s $70 per year, which pays for itself in about 2 days … if
you trade spot, you’d be an idiot NOT to enroll … “I mean, c’mon man, it’s the
thing, ya know?”
Quite frankly, there isn’t another markt out there that even comes close to
BTCUSD in terms of trading action … gold on a wild up & down day maybe, but
looking at gold right now, it’s been stuck inside the daily candlestick from
10/09/2020 for the last 12 days, until today which sees it break the lower
boundary and move sharply lower, no doubt on long liquidation from positioned
specs … still nothing like BTCUSD that’s for sure … should be nobody out there
reading this wondering why it’s where I’m trading my personal account
… nobody.
Turning to gold … right out of the European open, algorithm parameters turned
“sell”, and haven’t budged one iota from that the entire day … quite the
“Thelma & Louise” we’re seeing on long liquidation from specs … it’s the same
old “Comex Con Game” at work, where the scumbag bullion bank LP’s sell to
specs on the way up, sell more, then kill it lower and buy from the specs on their
sell stops on the way down … this is how modern manipulation of the gold
market works, and today sees classic liquidation just like in the past on big
down days.
When everything on the board is being sold, you have to be extra careful on
these huge down days not to get caught holding the bag on rallies … remember,
the algorithm’s first priority is to “keep your ass out of trouble”, then make you
money by “not losing” … we don’t have that today … and while the spread has
surprisingly remained in the 20 - 30 cents per oz. range, the erratic bid/offer
quotes moving on liquidation simply means if you’re 1 millisecond too late to get
out of a long position, you’re toast … what happens next are gaps to the
downside, and if you’re hitting the sell button on a red spike lower, you ain’t
gonna like what you see in the fill box … quite frankly, the way gold trades now I
actually get better algorithm buy signals than ever before, when I get ‘em … for
4 days in a row now, I haven’t seen anything remotely close to a buy signal from
gold cuz everything has been “Sell Mortimer, Sell!”, and while I could entertain
short positions in gold, given the current state of everything I don’t want to do
that … thanks, I’ll wait for the buy signals … and if gold continues to simply go
lower, then so be it, from a trading perspective why would I care?
Gold stabilizing now as we approach Noon EST, and “Stock Bellies” & Bitcoin
recovering from its selling debacle [some great sell signals this morning in BTC,
OMG!] as well … too early yet for a larger turn in gold, maybe in an hour, we’ll
see, but the problem right now is that off the bottom it’s been straight up … as I
said before, traditional markets don’t “trade” anymore, it’s simply a wall of selling
or buying and at tops or bottoms they trap those on the wrong side and there is
ZERO mercy from the manipulators … fact is, they hate everybody! … and if
you’re 1 millisecond late on the turn, and gold starts spiking lower while you’re
on the wrong side of the tracks, you’re gonna get brutalized and the fill is gonna
make you want to hit somebody or something … and cuz it doesn’t trade
anymore, you can’t simply assume this market is going to behave.
No trades again today in the TURNKEY PAMM / MAM.
Like I said, nothing [except Bitcoin] “trades” anymore … we get these piddly
ranges day after day, and then today the CHICOMS decide to go “risk off” and
gold has a $40 dollar range lower STRAIGHT DOWN ... the entire European
session was down, down, and more down … when Europe closes, 2 things
happen … 1) gold gets a bounce, and 2) spreads go higher cuz the scumbag
banks aren’t gonna let you buy it back cheap … pay up Bubba! … and now the
entire market is in a world of flaming dog poo … good grief.
Well, it is what it is, and hopefully tomorrow sees gold algorithm parameters
go positive and we can get some good trades off … now into the New York
afternoon, and it’s criminal time for the Wall Street scumbags, which means I’m
not interested in gold after Europe closes … outta here … Onward & Upward!!
-vegas
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