Markets held hostage to treasury auctions … welcome to today’s installment of
bullshit traditional markets … take away the Chuckleheads panic in late Asia in
Cable, and FX is D.E.A.D. [again] … gold not knowing what to do as rates rise
today, as we await the 10 YR Treasury auction at 1 PM EST, and showing another
pitiful range for its manipulated efforts … good grief these markets are simply
awful.
Quite frankly, with the imminent demise of the “U.S. of China” coming soon, we
are literally approaching the end game for traditional markets in the U.S. … the
Dopes at the FED know this, but of course will not utter the truth … the next
bigger-er-er financial crisis will almost certainly end trading as you know it, or
radically change it so it becomes unrecognizable from today … I have no idea
what happens to gold in that scenario … in 1933, FDR made gold illegal … who’s
to say they won’t do it again?
And all of this begs two questions … 1) what’s gonna be here to trade going
forward no matter what?, and 2) is it possible to make a living from trading with
a small amount of money to start?
Crypto is the future of trading, hands down … whether you like it or not, it
doesn’t matter, cuz that’s where the world’s traders are heading, and in the
process they are abandoning in droves FX, to some extent gold, and all the other
worthless, manipulated, horseshit markets on the MT4 and MT5 … “Stock Bellies”
are a frickin’ joke, where volumes outside of block trades, are diminishing faster
than Biden’s mental capacities … and liquidity is even worse … and the money is
going into crypto trading, where government manipulators can go pound sand.
Unless you have an account greater than $50K, I don’t see how it’s even possible
to make a living trading traditional markets any longer … margins on futures are
high, and scumbag bank LP’s spread out the moves over different time zones and
days to limit your ability to make money in any one session … it’s the “speed of
light … crickets” phenomena you see almost daily, and it’s done to screw specs
everywhere … crypto on the other hand trades 24/7/365 and never closes and has
hundreds of pairs THAT MOVE! … and quite frankly, IMHO, it’s the only space to
trade in for consistent daily profits, even with a relatively small account.
So yea, you can still make a living trading today, but in order to do it you better
get acquainted with crypto, cuz it’s the only place you can get decent leverage,
open markets 24/7/365, hundreds of pairs that move consistently throughout the
day worldwide, and most importantly outside the clutches of government … and
don’t even start with the “straw man” of, “well what if they shut crypto down and
make it illegal”? … that’s a non starter and nonsensical argument, so don’t even
go there … I would also stress, though, that to do it successfully you’d have to
trade the perpetual futures and be willing to sell crypto pairs and be short,
something that isn’t possible trading spot … you could still keep leverage
relatively low [5X or under], and starting out you could build the account and grow
the balance to a level that fits your desired lifestyle … I just don’t see how it’s
possible, though, in mainstream markets, and today is a great example of that
cuz once again trading action is terrible … just awful.
Scanning BINANCE in ONTUSDT futures, the last 24 hours has seen about
55 million ONT trade, and from watching the order flow on the order book, as well
as recent trades, most trades [90%+] are between 1 - 10,000 ONT, and given the
fact you get up to 20X leverage, that means pretty much all of these trades are
retail specs … people with $50 - $3000+ in their account and trading frequently
from all over the globe … range today in the last 6 hours is about 1200 ticks, both
up & down … compare that to gold’s $5 range and Cable with a measly 30-ish PIP
range … and quite frankly, it’s why they are over at BINANCE trading, while gold
& Cable go “crickets”, and have almost ZERO retail spec order flow … hey, it is
what it is folks, hide your eyes if you want, but the world is voting with their
accounts!
Waiting for the 10 YR auction results, and near 1 PM EST, gold with a pathetic
$14 range for the day, and more importantly ZERO BUY SIGNALS … there simply
hasn’t been any, and the trading action is pure crap … 10 YR auction over … that
had all the excitement of watching a Biden pep rally … and of course, after
waiting all day for this tripe, it’s a nothingburger … nothing has moved at all
… this is so pathetic, I can’t even.
No trades today in the TURNKEY PAMM.
No trades cuz nothing to do and ZERO BUY SIGNALS in gold … as for Cable, what
a frickin’ sick joke of a market … simply pitiful.
In crypto today, multiple signals in ONTUSDT … “The Syndicate” UP
APPROXIMATELY 0.17%
Even with BTC going above 60K+, ONT seeing some dollars flow out, as the
alt-coins see some “slowing down”, and both BTC & ETH picking up … this flow
back & forth a favorite among large crypto money managers … pretty much the
entire day today spent going down in price … however, we did catch some
bounces on algorithm buy signals … they didn’t bounce much and were rather
mild in scope … for the record, though, some really good sell signals in ONT
futures at BINANCE … if you caught those, it was a “good day”.
Europe closed and into the New York mid afternoon … outta here early cuz I can’t
take watching this crap another minute … until tomorrow … “the future’s so bright
I need sunglasses”! 😎 … Onward & Upward!!
-vegas
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