There isn’t anything positive you can say about any of the MT4 / MT5 markets
today … metals, especially silver, saw a sell stop hunt right out of the gate last
night at the open, where unsuspecting Doofus positioned long specs got their
sell stops filled about $1 lower, and the rest of the day a joke … Feb options
expiration for “Stock Bellies”, and by the looks of the range today, you’d think it
was Christmas Eve … in fact, the entire week a slow motion train wreck for
trading action, where on the daily candlestick chart it looks like 5 pencil smudge
marks … good grief manipulators, let the frickin’ market breath some will ya?
Over in crypto … not the pretend crypto at Turnkey, where bid/offer spreads are
an optical illusion, but over at PHEMEX not anything to write home about except
BTCUSD [Bitcoin], which explodes higher [again] on its relentless journey to
infinity … and why not? … the FED’s balance sheet expands $100 BILLION this
week, so that’s roughly $5 TRILLION ANNUALIZED … it’s the only asset class
that is totally FREE from any governmental control, has “scarcity”, is basically
anonymous & private, and acts like your very own “numbered Swiss bank
account” … it doesn’t have the problems gold & silver do, is completely fungible,
is non political, and can’t be manipulated by scumbag central bankers for the
global elites … in other words, no CNTRL-P machine that goes “Brrrrrr” 24/7/365
and which robs the entire middle class of ‘Murica of their wealth … NEWS FLASH:
“it’s only just begun, baby”! … over the next 10 - 20 years, as the U.S. sinks to the
current status of Venezuela [or worse], and it costs $100 for a frickin’ can of diet
coke, U.S. Serfs lucky enough to have a dime more than the Communists say you
can have, will look back and ask why they were TO FUCKING STUPID and weren’t
in any crypto … no worries though, you got “Dollars”, and you can wipe your ass
with them so they will have some utility! … let me be the first to congratulate you
for trusting government … seriously, if you trust government for anything, you
need professional help! [Just ask the people in Texas dumb enough NOT TO
PREP, what happens in Winter when government goes FUBAR on stupidity
steroids!]
A lot has changed since I first set up “The Syndicate” … BTC has basically
TRIPLED … the alt-coins have done that as well, and many have seen 1,000%+
returns over the last 3 - 4 months … one of my main goals was to provide
“market making” in BTC, and if that slowed down some, looking at ETHUSD and
some of the other alt-coins … well, that’s a “pipe dream” now … you only get
filled on limit orders getting in if you’re stone cold lucky, and if you have to do
2 market orders to get in & out of BTC, at the current price of 55K+, it’s gonna
cost you about $85 for the privilege … and if you’re puking on a loss, that extra
[almost a Benji] is gonna sting … even in the lowest priced alt-coins [ADAUSD,
ALGOUSD, etc.], markets move faster than anything I’ve ever seen up ‘till now
… ditto for the alt-coins as well when it comes to making a market.
Today sees me join the “Premium Club”, where we can now trade spot crypto
with NO FEES … generally, BTC usually has a bid/offer spread of $0 - $15, and if
things go “nutso”, that can expand to about $30 before coming back in … a far
cry from the fucking thieves over at Turnkey, where I’ve seen the bid/offer spread
in BTC go out to as much as $400 … right now as I write, BTC is lurching up
towards $56,000, and of course natch, the scumbag HFT LP’s at turnkey got the
spread right near $100 … nice … thanks, no thanks! … meanwhile over at
PHEMEX, spot BTC is trading between a $0 - $14 spread … do the math Skippy!
… and if you’re wondering about leverage, I haven’t been using any anyway cuz
the crypto pairs are so “Hoover Dam” volatile as it is, adding leverage is like
giving the drunk that’s gonna drive home from the bar another drink … you don’t
really need any! … and with ZERO FEES ON EITHER MAKER OR TAKER ORDERS,
what’s not to like here? … fact is, ZERO FEES are your leverage cuz you can do
so many more trades in every spot pair, without the worry of whether or not my
limit orders get hit … and I can tell you from experience, it will piss you off to no
end when the market comes right up to your limit sell and doesn’t go through or
trade at your limit, and then rolls over … now what, cuz if you’re in BTC and have
to do a market order, it’s gonna cost you “bigly & yuge” … this is the biggest
“no brainer” I’ve seen in crypto trading!
“Stock Bellies” are on options vacation today … the DOW30 range well below its
20 Day Range MA of about 423, coming in so far with an hour to go for the day at
276 index points … and most of that coming outside of New York trading … a
really weird day, but it is options expiration, so no need to wonder what the hell
is going on … no trades today in the Turnkey PAMM / MAM cuz there wasn’t
anything to do in the “Tulip Bulb 30”, and silver being silver with the scam run
last night, from the European open it was “Deadsville” … Welp!, nothing I can do
about it, so I sit back and await an algorithm opportunity starting Monday.
No trading for “The Syndicate” today, as I had one eye on DOTUSD, and the other
eye on the DOW30 … meanwhile I’m doing the signup for the “Premium Club”
… I kept waiting for something to happen, but outside of BTC, it’s “Chop City”
… over the upcoming weekend, I’ll be finishing up the MODIFIED TUNNEL
TRADING [TT] ALGORITHM, along with some “spot” crypto trading … looking
forward to not having to worry about “limit” or “market” and can focus on the
trade with a very tight spread … I think the switch will result in some outstanding
numbers coming shortly … we’ll see! … I’ll have much more on all of this in
Sunday’s blog update.
Posting a hair early today cuz it’s 1) Friday, 2) options expiration on the close, and
most importantly 3) I feel like it … outta here … until Sunday … “the future’s so
bright I need sunglasses”! 😎 … Onward & Upward!!
-vegas
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