The only way life isn’t hard, is if you’re a member of the “pampered poodle” club,
a/k/a SJW no nothin’s currently in the NBA, and there are plenty to choose from
the oppressed multi- millionaires playing worthless hoops … “Cops bad no matter
what, but ChiComs are good even though they kill Uyghurs … hey, they spend
money”! … stick to dribbling a stupid b-ball LeBron, and try next time to get the
facts straight before you embarrass yourself yet again with an idiotic tweet
highlighting your lack of anything besides a preferred narrative agenda you’re
pushing … disgusting, but welcome to the dysfunction! … it would be easy to
pick on him, but quite frankly, he isn’t worth the time or energy, and neither is
the NBA.
There is NOTHING … let me repeat … NOTHING … intuitive about trading that
you have learned through life experience … all of the things you think you know
that make you successful in the real world, aren’t transferable to trading
… “things” move too fast, and our brains cannot keep up with the information
overflow! … you want trading? … directly below from this morning, about a 4
hour period of TRXUSDT, with a 50 tick grid … nothin’ special about this 4 hour
period, they’re all pretty much like this except New York afternoons into early
evening, so it’s not like I’m “cherry picken” time periods here … it simply is like
this about 16 - 20 hours per day, everyday! … and sometimes far more volatile
than this!
click on chart to enlarge
Compare this chart to anything on the MT4 in FX … this moves, and whether
you’re looking for long trades or short trades, you get your opportunities in
spades … and while the alt-coins are getting smashed over the last week, my
response is “who cares”? … as I said yesterday, it’s why I’ve ALWAYS BEEN A
SCALPER, both on the trading floor and off … it’s the only way to go that makes
sense … all you need is volatility, a very good model [algorithm] for trading, and
razor thin costs to trade … and while currently Turnkey provides the latter, there
ain’t much they can do about the former in MT4 markets that are manipulated and
stuck in mud … and unless you’re literally doing multi-million dollar trades, you’ll
find the volumes & liquidity in the alt-coins to be utterly SUPERB! … any trade
under about a $50K price tag in terms of dollars, is easily handled with
“no problemo” and won’t even move the market a frickin’ tick!
And while you might think otherwise, that’s not the case in the 2 “Big Dogs” of
BTC & ETH … yes, they can handle the million dollar trades, but they are
expensive as hell in terms of “gas fees” [commissions], the bid/offer spreads are
very large, and they most definitely are NOT prime candidate coins for scalping.
And again, I hate sounding like a broken record, but gold & Cable simply don’t
“trade”! … “going straight up or down, then sideways, then dying AIN’T TRADING,
cuz there are ZERO OPPORTUNITIES for scalps, and all you’re left with is either
buying the rally or selling the break, and then praying there’s a bigger fool after
you to make it go in your profit direction … and when there isn’t, the problems
mount fast & furious and the loss is beyond recognition to the gains you’ve made
earlier … the ranges on the M1 are so tiny, that if you factor in slippage
[especially gold], you’re gonna be locked into a trade for at least 10 - 20+ minutes
before there’s anything there worth taking a profit on … straight up or down, then
sideways, then die, rinse & repeat until the next time the scumbag LP banks
decide it’s time to either rip corporate order flow by front running it, or screw
retail specs on their positioning … but actual trading up / down like the M1 TRX
chart above, where “fear & greed” are in charge? … nope, doesn’t exist cuz they
won’t let it … volatility is what the manipulators fear most, and they use slippage
as the great equalizer, to take away your scalp profits, and there’s nothing you
can do about it.
Quite frankly, it doesn’t really matter what the 20 Day Range MA’s are, they’ll
reflect VIX & IVIX … if it’s not giving traders a market to trade, but only
positioning over multiple m5’s or m30’s, what’s the point? … I don’t want to be
in a trade for an hour while it’s meandering around and not doing Mr. Jack Squat!
… the longer you’re in something, the greater the probability something can show
up to hurt you … for the most part, this is not the case in the alt-coins, where
“panic” is almost always present, and somebody’s cashew nuts are being
squeezed constantly … and of course, this leads to trading opportunities &
profits … quickly! … and I might add, just like trading pits USED TO BE LIKE
BEFORE THE MANIPULATORS SHOWED UP!
Here’s an interesting metric … if I look at the ratio of “total cost to trade”
[spread + commissions] versus the last 3 hour average range of M1’s, for gold
that ratio is slightly higher by a few pennies of about 1:1 … for Cable it’s about
the same … for TRXUSDT it’s 10:1! … that’s right, the average range of the M1’s
in TRX are 10X greater than my “total cost to trade” it … seriously, there’s no way
you beat that! … and with no scumbag LP banks to squash volatility on behalf of
central banker scum intent on manipulating VIX for policy reasons, you’re left
with a PURE, FREE MARKET!
First, for giggles aplenty, let’s examine Cable today … straight down, then straight
up, followed by a “Thelma & Louise” move right down the rat hole … any trading?
… well, only if you consider a couple of PIPS a corrective move, cuz that’s all
there is anymore … why can’t it trade? … cuz there ain’t anybody trading it!
… there’s no “fear & greed” in the marketplace cuz there aren’t any traders like
there used to be … they’ve all left to trade crypto! … all that’s left are scumbag
banks & corporate order flow, where the retail spec trade is out the door and ain’t
coming back … it doesn’t matter whether you like it or not, that’s what the FACTS
are, so deal with it.
Ok, now gold … oh boy, a downward bias “Flying Wedge of Death” [FWD] for the
last 7 hous or so, inside about a $5 - $6 range, with about 8 trips to the top and 8
trips to the bottom … taking into account slippage as an important problem in
gold, where’s the trading? … there isn’t any! … and no Skippy, gold going up or
down $1, isn’t any type of corrective move worth considering, especially when it
takes 10 minutes to get there! … again, if you compare the M1’s of gold versus
TRXUSDT, the former looks like shit on a stick, while the latter is a traders dream
… please, I’m all ears … tell me how a 10:1 ratio of cost to movement in the
average M1 versus cost to trade isn’t a SCALPING DREAM TRADING SCENARIO?
… [crickets!] … I showed it yesterday, $250 to $2 Million in 5 years, gaining
about ½ % per day … it’s ALL A FUNCTION OF VOLATILITY, and then knowing
how to take advantage of it & profit … no worries, no sleepless nights with
positions, it’s all PURE 100% VOLATILITY, thank you very much Mr. & Mrs.
Trading Public … some days are better than others of course, but the main thing
is “you’re gonna get there”!
Europe’s closed now … what’s gold or Cable got to show for it except straight
shots MINUS trading activity? … agreed, Cable’s range today is OK, at about
123 PIPS, but unlike previous years before traders left to trade crypto, you would
have seen 15 - 30+ PIP moves up/down as it traded on it’s way to the day’s
eventual range … that is mostly gone now, and it leaves “traders” a very barren
landscape to operate in and make money … gold? … well, pathetic comes to
mind, with the FWD screwing people left & right … the problem with gold in the
way that market is controlled, is that if you get caught the wrong way at any time,
there’s no way to make the money back they take from you … and of course, they
know this only to well … maybe gold & Cable get their respective “shit together”
here one of these days and start to actually “trade” again, but I have a hard time
seeing how this is possible cuz there isn’t anybody willing to trade it anymore,
up & until they have visual evidence that some IVIX has come back and it’s worth
their while … and why would they? … anything in the alt-coins beats the living
shit out of either gold and/or Cable HANDS DOWN! … it isn’t even close … but for
the PAMM, it’s all we got, cuz everything else on the MT4 is worse than either
gold or Cable … so, we’ll see.
No trading today in the Turnkey PAMM.
How many times do I have to say this? … there literally isn’t any trading, as you
know it, in either market … the M1’s are way too “skimpy” in scope, and it takes
too long for any “buy fuel” to show up from specs, cuz there aren’t any specs!
… I’ll play when it trades, simple as that … until then, I sit. I will say, though, in the
last hour leading up to the European close, and then for a little bit into the New
York afternoon, Cable started to show some signs of attempted “trading”, so
hopefully there’s some carryover into tomorrow and I can trade it … gold simply
looks and feels hopeless … what a “basket case” market that is.
Over in crypto, a definite slowdown in IVIX [intraday volatility] as Europe closed
for the day … that’s a little earlier than normal, but only by a couple of hours
… earlier though, some great algorithm buy signals in TRXUSDT, as IVIX in the
alt-coins remains very healthy for scalping profits in the Asian & European
sessions … really, simply some dream conditions as these alt-coin markets just
don’t slow down … of course, NOT having scumbag bank LP’s OR government
manipulators in the market is the primary factor behind these markets moving
… that, and the FOMO-ing patterns of Mr. & Mrs. John Q. Public as they first
FOMO, then panic sell, placing their collective stops in all of the “right” areas for
plucking … and with perpetual futures on the scene offering leverage, the moves
become even more exaggerated both up & down … throw in a very active “ARB”
community providing liquidity between offshore houses, and you have “perfect”
trading markets! … by comparison, what do we get from the MT4 / MT5? … we
get 1) ZERO accountability & transparency, 2) off market fills via horrendous
slippage, and 3) ALL limit orders are treated as “Market If Touched” [MIT], and
are ripe for theft of funds … “I’ll be surprised, if in 5 - 10 years from now, ANY of
the houses will be around offering trading via MT4 or MT5 … “open order book”
platforms are the only way to go … I don’t trust ANY LP to do anything but
screw me and attempt to steal money … it’s who they are, and it’s what they do
… why do you think it’s so easy to open an account?
Multiple algorithm signal trades today in TRXUSDT … “The Syndicate” UP
'APPROXIMATELY 0.26%
It’s all about volatility folks … when it’s present, especially from a market that has
no government manipulation via scumbag banks, it trades beautifully well within
the modeling of the trading algorithm … and, people being people, and collective
mass psychology hasn’t changed since like forever, people gonna FOMO, people
gonna place stops at stupid inflection points, and people are gonna over leverage
themselves in the perpetual futures and hurt themselves … nothing new under
the sun … what’s “new” is it’s crypto, and not the stale markets of central bank
scumbags … why do you think these assclowns hate crypto so much?
When I sit back and reflect upon crypto versus pit trading from back-in-the-day,
they are remarkably similar … but, crypto is better in all aspects of trading, and
the cost of entry is enormously cheaper and better, without the bullshit of the
“People’s Republic of Chicago”, and all of the corruption that goes with it
… remember, the very last thing elitist central bankers want to see, is for you to
be a successful trader … they hate our guts as much as I despise them, cuz we
can exist and prosper outside the system they control … and that pisses them
off greatly!
As I finish the blog today, I see in the headlines, Preezy Depends is gonna raise
the capital gains tax to pay for his slush fund “human infrastructure” projects
… Bwahahahahaha! … does anybody seriously pay attention to this doddering
old fool with the “Manchurian Candidate” VP? … human infrastructure? … WTF is
that, besides a bastardization of the English language? … it’s a potential slush
fund for special interests to keep their power … is there any human being with
one brain cell working that doesn’t know this? … I keep telling you, and have for
months, with this crew of Communist misfits, it’s gonna get a whole lot worse
before it can possibly get any better … 81 million votes, right? … “sure, sure
he did”!
Before I go, I want to mention that PHEMEX is thinking about relisting XRP
[RIPPLE] for trading again … when the Gestapo SEC sued them for securities
law violations, plenty of places delisted the coin cuz they didn’t want any fallout
from Ripple in case the SEC won in court and XRP is defined as a “security”, and
then the government fixes their eyes on all of the places that traded this
“unlawful security” … well, after some victories in court, XRP is roaring strong
again, and Binance is trading it, and it has some very serious volumes & liquidity
going on and is trading up in the $1.30s - $1.40’s … I think there’s a very good
chance that soon PHEMEX will again allow trading in XRP, both in spot and
perpetual futures … and if that happens, it will be a prime candidate to trade for
“The Syndicate” … I’ll keep you all posted about this in the days / weeks ahead.
… outta here, until tomorrow … “the future’s so bright I need sunglasses”! 😎
… Onward & Upward!!
-vegas
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