Oh, thank you very much Chuckleheads for ramping everything in sight in the
Asian session … doesn’t matter what, “let’s buy it”! … and there ya go, cuz the
“bat shit crazy” [BSC] rallies in everything, stopped on a frickin’ dime when the
Chuckleheads turned off their screens and headed for the local casino, and
Europe opened to a quasi Holiday, celebrating over 100 million deaths from
Communism / Socialism in the 20th century, a/k/a “May Day” … amazingly, I don’t
see many people who actually had to live under communist rule celebrating this,
all I see are mostly white, upper middle class, kids of privilege [ages 15 - 40+] who
hate their parents and their country, being taught by a bunch of losers who fill
their empty heads with bullshit, then go riot in the name of … wait for it
… “social justice” [a/k/a whatever the dictator wants to deflect attention from]
… “but sure, dance around the “May pole” and pretend, cuz it’s what you’re good
at”! … in any event, “BSC to crickets in under 5 minutes”! … and it’s been bullshit
ever since.
Which straight up or straight down market shall I cover first? … since almost
nothing actually “trades” anymore, and instead just goes BSC at the speed of
light before going crickets, I find the funniest one to be Cable … somebody just
shoot this pathetic animal for cryin’ out loud and get it over with! … Friday saw
straight down all day, and today it’s straight up … Scottish election on May 6, so
who knows what the manipulators got in store for this, to screw every spec?
… then there’s gold, where it’s BSC straight up on “stagflation” numbers coming
from the math whiz kids at the department of Unicorns & Fairy Tales … no worries,
the Faculty Lounge Lizards at the FED say it’s “transitory” … seriously, why do
people listen to these asshats? … all good for “Stonks” right? … cuz buy MOAR!
& STFU! … then there’s Bitcoin [BTCUSD], where if you actually place a stop
[buy or sell makes no difference], that order becomes a “magnet” to get “run”
and “run hard” … good grief, what a bag of flaming dog poo all around!
Quite frankly, I’d like to be able to trade Ethereum [ETHUSD] for the PAMM cuz it’s
not as BSC in how it trades like BTC and the algorithm models its price behavior
very well, but since their scumbag LP’s refuse to make an honest & fair market
[unlike BTCUSD, which is actually very good to excellent], screw ‘em … “where
does it say in the “terms & conditions” of an account, we’re supposed to hand
these dirtballs FREE MONEY for absolutely no reason at all”? … cuz the problem
is, when ETH starts to move, the spread blows out to $5 - $10, which is 100%
thievery & total bullshit … they steal from your profits OR make your loss far
worse, and you simply have no choice but to make the trade … meanwhile, I can
trade ETH on any “open order book” platform and pay about $2.50 [or less] for
the “gas fees”, and the spread is literally a few pennies, but I guess using
“LP logic”, I’m not supposed to notice the complete rip off … and for today’s
comedy, I’ve asked Turnkey to ask the LP [or group of ‘em] how they can defend
this practice of double or triple spread versus other platforms, and so far my
response back is “crickets” …. Bwahahaha! … who’s surprised at their silence?
ETH hits 3300 today, and the “swap” out of BTC and into ETH is becoming a
veritable flood, and one of the big reasons, IMHO, that LP’s don’t want to make
an honest & fair market in it, is that there are plentiful great scalps, given the way
ETH trades, and the LP’s want that for themselves at our expense … the scalping
in ETH is far better than BTC, where scalping is fraught with risks mainly due to
excessive slippage in market moves … given the lack of transparency &
accountability on trades by LP’s on LP based platforms [like metatrader], is it any
wonder they attempt to steal us blind? … sooner rather than later they’ll figure
this out when nobody is trading it and they sit there and wonder why no revenue
is coming in … “imagine that asshats, nobody wants to hand you FREE MONEY,
so either change or F-ing die”! … and like BTC, they’ll change by getting an HFT
that “gets it” … until then, ETH is a rip off at Turnkey and they know it!
And while everybody is getting “giddy” over golds rise up to near 1800, I will
remind folks of 2 things … 1) the “Comex Con Game” & 2) the “Great Bullion Wall
of Selling” … and since today is Monday, unless gold starts scaling 1800+, it’s
gonna be viewed as a “double top”, and if rates do rise some, all those LONGS
positioned anywhere from today will get obliterated via sell stops [see #1 above]
… so, gold’s got its work cut out for it … and the gold ETF, which is GLD, is still
seeing redemptions as investor appetite remains weak … then there’s India,
where the CHICOM KUNG FU FLU is raging, and folks there may not have gold
on their minds right now, so demand there is weak as well … but I will add, it’s
nice to see gold move some, although in a straight frickin’ line is NOT optimal at
all … meh, it is what it is.
Today’s psychotic, one-way straight trading action points out what I’ve been
saying about such a condition … and that is, after a straight up / down range
defining move, once it’s over, you don’t want the trade on the correction cuz it’s
O.V.E.R. … and they ALL moved straight today … the only one that had legs
after the initial up blast was ETHUSD, the rest dog poo … “speed of light
… crickets … thanks for playing, come again soon”!
I’m staying on Turnkey’s ass about ETH, so you haven’t heard the last of this by
any means … it’s like planting a seed, watering it, throwing a ton of fertilizer on it,
and then sitting back and watching the eventual blowback when they wipe egg
from their face and get a new LP in ETH … I’ll keep everyone posted on this farce.
Cuz of the straight run up in gold today, only one algorithm buy signal
… TURNKEY PAMM UP SLIGHTLY.
As I said, when shit goes straight up /down, when it’s over you got to be real
careful cuz there’s a very high probability the move is over … so true in gold today,
but the one signal we got was OK for a scalp trade … BTC, Cable, & DOW30 all
dog shit for trading after their straight shots … just mindless “chop” in bullshit
conditions.
Over in crypto land, some excellent algorithm signals in ONTUSDT coming out
of the European open, and my multiple trades for “The Syndicate” sees us UP
APPROXIMATELY 0.39%
Relatively speaking, TRX [TRON] slowing down some in terms of VIX, while ONT
stays “red hot”, and that’s why I’m trading it … this is also a great market for day
traders, and today sees the day’s range in excess of 2,500+ ticks … seriously,
whaddaya want?
… outta here … “the future’s so bright I need sunglasses”! 😎
… Onward & Upward!!
-vegas
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