Nothing pisses me off more in trading markets than sharp rises / drops in intraday
VIX levels … balls out speed of light one minute, and then a few minutes later dead
as a bump on a log … like being in a CAT 5 Hurricane, and then the next day like
nothing happened the sky is so sunny and bright blue … except the damage left
behind of course, and markets are no different … and it’s the reason central bank
manipulators use it as their weapon of choice against specs … quite frankly, its
levels control behavior, and CONTROL is what they are after.
Last night’s Yen opening just a huge disappointment, in that they ran buy stops
too early, instead of probing the downside for capitulation, and cuz of that the Yen
trade today has turned into a bucket of dog poo … “oh, and looky here Ma, Cable
has gotten up off its ass and decided it wants to play now”! … the 20 Day Range
MA moving up quickly to almost 100 PIPS … now, if it could only stay here or go
higher! … cuz what drives me literally cashew nuts, is a 45 PIP range one day,
and the next it’s 130+ PIPS, followed by back & forth bullshit like this ad infinitum
nauseum … and to add further insult to injury, when I want to trade it and pay
attention to it, IT FUCKING DIES … and when I turn my back on it and ignore it,
IT FUCKING EXPLODES … “if it’s not too much to ask, could you please make
up your sick, twisted mind and act like a fucking market”? … asking for a friend.
Meanwhile over in “Stock Bellies”, the FED hasn’t quite lost control but they’re
getting there … a few “Plunge Protection Team” [PPT] buy programs to change
attitudes might do the trick in the short term, but with totally incompetent
leadership politically, as well as economically, “Stock Bellies” look to have a
rough road ahead of ‘em … and while everybody assumes the national debt will be
raised just in the nick of time to avoid default on Treasury debt, I wouldn’t be so
sure of that this time around … and get on the wrong side of this VIX fire when
it’s burning hot, and you will definitely feel the heat in your account … and so far
today with hours BEFORE THE NYSE OPENS? … no big deal, just about 500
down and then 500 straight up … WTF do you do with this? … thanks FED … now
into the third straight hour of UP … PPT much? … this is a trading joke.
In other news, no big deal unless you have to either work for a living or buy
things to live, and who does that? … fastest inflation in 30 years, but just
remember they keep saying “transitory”! … here’s the ZH link.
https://www.zerohedge.com/personal-finance/feds-favorite-inflation-signal-
surges-fastest-pace-30-years-savings-slump
You’d get treated better at a riverboat casino, than anything on the MT4 board
today … FX the joke it is, and “Stock Bellies” now in panic UP mode … you know,
“fun-durr-mentals” and all the rest of the bullshit propaganda thrown about by
the financial MSM … bid / offer changes and slippage in the DOW30 a nightmare
… when you have to risk $200 to make $25, something is wrong with this
equation … of course, not if you’re the scumbag LP bank … I didn’t get up this
morning to place roulette bets, yet this is all I’m offered … no thanks.
And then of course, there’s BTC, where right at the European open Bitcoin
exploded higher, and then had a couple of extra bursts for good measure during
the day … no news, just some “whale” buying and manipulation … no trading in
anything today … hell, looking at my screen as Europe opened, it was all over
before it began, with 20 Day Range MA’s blown to shit by a mile in just about
everything, and as the day progressed it got worse not better … and the worse
sector is by far the “Stock Bellies”, where now it’s full retard basket of kittens on
meth FOMO to the upside … I know trading, this ain’t it!
Come Monday’s trade I’ll be in the SP500 CFD, and while I got some minor issues
with this CFD, none of ‘em are deal killers, and I can work through them … I kept
waiting all frickin’ day for the DOW30 to “behave”, meaning give me a market that
isn’t 10 : 1 against me with spikes from hell all over the place . “yea, NO, sorry, no
can do”! … nobody but nobody out there is making the effort to make the DOW30
tradeable, simply cuz they can’t … the biggest problem with the DOW30 CFD, is
managing risk, and today sees $200 risk to reach for $25 … throw in some “MAX
slippage” to boot + commissions, and it makes trading the DOW30 analogous to
sitting at a slot machine pretending it’s “yours” … as I’ve said lately, Turnkey is
attempting to be a CFD “player” in the SP500 … their spread is 0.2 - 0.3 index
points most of the day and night, even when things get out of hand in either the
DOW or the NDX that spread stays pretty stable … RT commish is only 20 cents,
so basically to trade the CFD, your cost is only 1 tick above futures … so far in the
last month or two since they’ve made the commitment, I haven’t had any issues
with either latency or slippage … latency could be a tad better, but slippage has
been non-existent … trust me, you can’t say that about either the DOW or the
NDX! … then there’s the risk issue, where cuz of the way the CFD is structured,
risk can be managed 100X better than the other 2 … so, I’ll let the gamblers have
the DOW, and it’s on to the SP500.
Blog update on Sunday … outta here … “the future looks so bright, I need
sunglasses”! 😎 … Onward & Upward!!
-vegas
No comments:
Post a Comment