These huge VIX moves we see in markets, could have been easily avoided if the
Lounge Lizards at the FED simply GTFO of markets, and keep their stinkin’ hands
to themselves … but no, you can’t convince the self anointed “smartest people in
the room” that they don’t know shit from refried beans … proof? … Spicoli just
figured out inflation isn’t “transitory” anymore, something a basket of retarded
kittens on meth have known for frickin’ months … oh my, see his shocked face!
… and this is the direct consequence of manipulating VIX and trying to keep the
“Genie” in the bottle … and when the Genie eventually escapes, there’s hell to
pay … and the amazing thing is anybody with a brain lets them touch anything,
cuz they caused the problem and now want to fix it, which will ultimately make it
worse … the solution? … END THE FED!
Back in the DOW30, and what most people don’t realize is that the DOW30 trades
far worse, in terms of VIX, than either BTC and/or ETH, and the reason is liquidity
… especially in ETH, there is liquidity that isn’t there in the DOW30 … notice in the
futures contracts, the DOW30 emini doesn’t have near the volume of the other
“Stock Bellies”, and the reason is simple … people are sick & tired and don’t
wanna be bent over the railing out back with shit futures fills when things pick
up … and when it comes to CFD’s, it’s even worse, simply cuz the HFT LP’s are
1) fucking thieves, and 2) they don’t have to make a “fair & orderly” market for
you … nothing in the terms & conditions says that, only “best efforts” … right,
best efforts at fucking you blind is what they really mean, and there’s none better
than at Turnkey, where it’s all news to them cuz they’re just the middleman broker
and have nothing to do with nothing … pure comedy gold.
Today I get to my screens about 4 AM EST, and already the DOW30 has a daily
range greater than its 20 Day Range MA … “oh great, how did you know I was
coming”? … which is the worst case scenario for trading the DOW30, simply cuz
unless you expect fireworks later, where does price go from here? … there are
many characteristics of the DOW30 that are found in BTC & ETH, and while it can
be a good thing at times, I find VIX in the DOW30 to be far greater than what we
see in ETH & BTC … based on how it trades, I’d say 2X - 5X HIGHER in the very
short term when price suddenly starts moving somewhere … on the plus side of
things, we are operating in the “88/6/6” trading paradigm, so the manipulations
we encounter are all on the buy side from the usual suspects at the FED, via the
“Plunge Protection Team” [PPT] … ETH & BTC have “whales” that don’t care
which side gets run, all they are concerned about is running stops, so that’s a
negative for the crypto pairs … on the whole, I’d say they are about even from a
trade perspective, but I don’t like the “secret” nature of the MT4 where LP’s can
fill you anywhere they fucking want to with no regard for where the actual market
is trading at, and rip you a new one … that doesn’t happen on the “open order
book” [OOB] platforms where there’s 100% TRANSPARENCY.
So, we go from the lows to the high, that coincidentally happened right at the
“London Fix” [who’s surprised?], and then it’s time to go almost straight down
500 index points to near the low before bouncing … and again, when this shit
picks up steam, it’s like crypto cuz it takes no prisoners along the way.
Only one algorithm buy signal today in the DOW30 for the Turnkey PAMM
… UP SLIGHTLY.
Rough circumstances is putting it mildly … severely hampered by opening my
screens to a market that’s already hit its 20 Day Range MA, that alone [DOW30
or crypto, it doesn’t matter] severely limits trading options for us … and with
most of the day either straight up or down, that limited it even more! … however,
there was one brief time period where all signals were go, and that’s where the
scalp signal came … not very happy with Turnkey’s scumbag LP’s, so what else is
new? … long entries seem to be OK, it’s the liquidations that SUCK, and I’m selling
on upticks that are moving higher when I hit the liquidate button … they just can’t
help themselves from thieving, cuz they can get away with it … cost of doing
business. Other than that, quite happy with the algorithm as it responds to the
DOW30 and models short term behavior … all we need now is for the Asian
session NOT to produce bat shit crazy [BSC] trade swings, and maybe
Mrs. Watanabe & Gal Pals can trade crypto instead … here’s hoping! … but no
worries, the FED isn’t gonna abandon “Stonks”, and the “88/6/6” paradigm
remains intact … we’ll get our shots.
Over in crypto land, “The Syndicate” UP APPROXIMATELY 0.2%
Really a lousy trading day for Ethereum [ETHUSD] … skimpy action most of the
day, and it mirrored “Stock Bellies” pretty closely for most of the day … some
paid scalps got us some yield, but other than that there wasn’t anything to cheer
about in crypto today from a price action & VIX perspective.
… outta here … “The future's so bright I need sunglasses!! 😎
… Onward & Upward!!
-vegas
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