I don’t see the Chuckleheads in the Asian session caring much about the fact
it’s “August”, cuz one look last night in BTCUSD and the entire Pacific Rim
looked to be trading Bitcoin … just your casual up $1,000 followed by down
almost $3,000, with intermittent rallies and breaks in there over $500 each, but
hey, Cable moved 5 PIPS last night so there’s that! … quite frankly it doesn’t get
any more stark and in your face than what plays out almost every night now
… traditional markets are DEAD, and the money that used to “rock & roll” FX
and other markets, has left the spec jungle cuz they got fed up with being fucked
by scumbag LP banks and central bank manipulation … and with very few specs
still hanging around, where’s the FOMO & panic gonna come from as markets
move, and provide both buy and sell fuel? … well, it ain’t coming from
anywhere, so these markets die a slow death while crypto takes the reins and
it’s off to the races!
There’s more trading action in BTCUSD in 20 minutes than the entire FX space
can generate in a frickin’ week! … market cap of the crypto space has grown to
about $2 Trillion, and it just keeps going higher … no secret really … 1) no
scumbag banks manipulating price for central banks, 2) offshore NO KYC trading,
and 3) 100X leverage … meanwhile the “U.S. of China” diddle fucks around with
BTC futures via the CME that offers 1) high margins [only 2X leverage … how
pathetic], 2) full KYC so the government can keep track of you and report your
trading to the IRS, and 3) thanks, but nobody gives a shit cuz volumes SUCK,
and liquidity is even worse … quite frankly, you’d have to be a complete idiot to
trade in the U.S.
Just more of the same bullshit, only it’s Thursday now … ranges and trading
action so pathetic last night in everything BUT CRYPTO, you’d swear your
internet was down … and I’ve had this conversation before with others, where
I hear, “well, I’ve always traded EURGBP, or USDJPY, and I dunno crypto scares
me” … really? … does it scare you to sit there and make ZERO money? … I’m
thinkin’ that’s the truly scary part!
And just cuz they can, as the sun comes up in New York, the dollar strengthens
a little and gold gets a little more active … relatively speaking of course, cuz the
moves in here are downright disgustingly pathetic … and if you want to see
“REAL” trading go over to any of the “open order book” [OOB] platforms, for
example PHEMEX, and watch the action … if you aren’t clicking my affiliate link
up in the right column to open an account, you really have to ask yourself what it
is you want to accomplish in trading … you can see the entire OOB platform as
the market trades, or choose another crypto pair if you wish, and you can clearly
see the difference.
The main reason is you have millions upon millions of people worldwide, where
the majority have no clue what they’re doing, and like typical traders they FOMO
a move up like there’s no tomorrow, and they puke at all of the right chart points
the “whales” are familiar with, and on the way down it’s a “Class A-1 Clusterfark
of Thelma & Louise on Steroids” … and when they panic, it takes all of about 5
seconds to get the “panic ball” rolling and here they come en masse with millions
of dollars of either buy or sell orders … if you go back 15 - 20 years, this is the
way it used to be in FX … but then central banks picked up on “Peter Pan Kuroda”
from the BOJ, and his manipulations of everything Yen taught them how to do it
after the ‘08 financial crisis crash in Yen carry trades.
If gold were a free market like Bitcoin, devoid of scumbag bullion dealer banks, and
no participation of central banks in trading, the price would probably be equal to
BTC now, and the trading action similar, but we can’t have that cuz the elites that
run things want you to think gold is just a pretty pet rock and has no use, so they
manipulate the shit out of it via scumbag bullion dealer banks via the “Rally
Protection Team” [RPT], with their goal to kill all retail specs … crypto couldn’t be
more different, and of course POLS, government Apparatchiks, and banker slime
HATE CRYPTO … cuz they can’t control it, can’t manipulate it, and try as they
might can’t really regulate it effectively either … sure, they put out their
propaganda, but who’s listening? … people vote with their wallets!
NYSE open now, and the usual horseshit tiny ranges in effect … hurry up and
wait, tomorrow is Spicoli’s J-Hole speech … the most important speech
EVAHHHHH!, until the next one of course … but again, it’s all “blah blah,
yada yada” propaganda, cuz everybody knows the FED can’t “taper”
significantly or raise rates no matter WTF this shit weasel says … the math
says so!
More good news … core inflation the highest in 38 years! … probably nothing, so
says the “smartest people in the room” gaslighting for Preezy Idiot Boy and his
dumbass policies … “look, over there! … a squirrel”! … “Stonks” of course could
care less, cuz buy MOAR! & STFU! … and when you capitulate, show weakness,
and are a general LOSER, the blasts out of Kabul, that supposedly killed 13 [so far]
& injured marines [but who knows] can be expected … I’m sure Preezy Idiot Boy,
when he gets up out of his Jammies, has some warm milk, and gets his oatmeal
wiped off his face has a “plan” for this? … “sure, ask nicer next time and tell them
how sorry you are, that should work!” … it only gets worse from here folks
… what about Ukraine & what about Taiwan? … you somehow think Vlad & Xi
aren’t watching the “Bumbler-In-Chief” and his FUBAR response to everything
he touches? … and I’ll say again, you Libtards that voted for this fucking IDIOT
got blood on your hands!
Not much reaction in markets except “Spoos”, down a little … what’s to react to
that’s a surprise? … everyday a new excursion into incompetence & stupidity,
and you expect things to go smoothly? … not with this hapless crew in power.
Here’s Preezy Idiot boy’s legacy, directly below in 2 pictures.
All so avoidable & predictable … but again, not surprising once you figure out
who you’re talkin’ about, cuz he’s been this way from the get go some 50 years
ago when he hit the “Swamp” … he’s never been right about anything, not even
once … EVAHHHHHH!
The London Fix comes and goes, overshadowed by terror news … ranges so
pathetic they aren’t even worth mentioning … you literally gotta have a
“death wish” to be trading in any of the FX shit today … nothing but mindless
chop … gold for its part basically the same, just throw in higher slippage and
more chop … good grief what a mess … Spicoli tomorrow at 10 AM EST … well,
this should be fun & interesting!
No trades today for the Turnkey PAMM.
Meanwhile, over in crypto land, “The Syndicate” UP APPROXIMATELY 0.21% via
some BTC trading, as Bitcoin very active in the late Asian & European sessions
… I’ve been trading BTC very light, but come September volumes go up
dramatically … this market in perpetual futures a trader’s dream!
Afternoon now in New York, and it only gets dramatically slower from here ‘til
Spicoli tomorrow at 10 AM EST … that is if there aren’t any more terror attacks
and people killed … as I said, get used to it … it’s called Libtard Incompetence
& stupidity, brought to you by a stolen election that sees 2 of the biggest tone
deaf Dopes to ever hold office … it’s only gonna get worse.
… outta here early … “the future looks so bright, I need sunglasses”! 😎
… Onward & Upward!!
-vegas
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