Fact is, you have to see and analyze the information given you, then act before
the vast majority of other traders get the message … then when they pump the
market [if you’re long], you have to be willing to give it back to ‘em at a higher
price… just the opposite for shorts … if you wait for the “turn”, the LP’s will turn
you into toast … doesn’t matter what happens next, you move onto the next
trade setup … every trader uses & relies on charts, and the technical wizardry
they think holds the key to profits … the problem is they ALL LAG … except one,
and that’s volume.
Does it matter what we trade? … NOPE, it doesn’t, only that it doesn’t have
ridiculously low VIX that makes everything a chopfest not worth paying attention
to … you may think you have a handle on “fun-durr-mentals” [whatever they are]
for a particular market, but you’re only kidding yourself cuz nobody has a clue
… then, it breaks down to trade dynamics … and at the source of every move up
or down, is volume … trade when your market has the busiest and best conditions
for volume AND leave the rest alone.
Quite frankly, I’m getting disgusted with the “Stock Bellies” … VIX should be
substantially higher but it’s not … 0DTE shouldn’t be the determining factor in
price volatility and up/down movement, but it is … and 150% depending on FED
PIE HOLES that most importantly micromanage the “Spoos” … I’m sick & tired of
being sick & tired of the scumbag LP’s we have to deal with in market CFD’s
… while there are no “Boy Scouts” in FX, generally they’re cleaner than the scum
hanging out in CFD’s pretending to make a market … both the NDX100 and the
DOW30 are notorious for ridiculous “out of nowhere” scam bids [selling] and
offers [buying], almost rivaling gold for bullshit fills … but since we can adjust
volumes to our risk/reward model, and choose the size of our trades that suits us,
it doesn’t really matter what you trade as long as 1) the total cost to trade it is
LOW, and 2) intraday VIX allows for good movement throughout the day … and
lately, trading conditions in “Stock Bellies” just keep getting worse, worse-er,
and worse-er-er-er.
Quite frankly, I’m not asking for anything special … simply fair fills on the market
AND CONSISTENT VIX during the day … apparently, that’s too much from the
manipulator's perspective, as getting either is becoming harder and harder
… ETHUSD appears to have both, but lately it’s had problems with gaps higher
and lower out of nowhere to nowhere, where the only purpose I can see is a bunch
of LP’s or large traders running stops to fade them … it feels coordinated, and the
problem is these gaps are too large for the current ranges ETH is putting in … so
if you happen to get caught in one of ‘em, you got a problem cuz how you gonna
make it back? … the moves & VIX in the market aren’t sufficient to make the loss
back without a lot of hard work trading.
Granted, “Stock Bellies” are in the “88/6/6” paradigm, and no other market
complex has that … but so what, when the back “6” shows up and beats the Hell
out of price and there is ZERO CORRECTIVE ACTIVITY? … I want to trade it … am
I the only one? … a market needs to project fear on both sides of the equation,
not simply a one-way street depending on 0DTE options.
Now into the New York afternoon, where we “hurry up & wait” for FED minutes at
2 PM EST … new high new low, then new high and then new low … then back to
the middle … again with the reversal bullshit, and with very little volume or
interest, it doesn’t take much for some of these Asshats to run stops and have
their way with price … and that’s what we got, all inside a ridiculous range waiting
for the Lounge Lizards to “WOW” us with their brilliance … somebody wake me
when this shit trades again … if ever … what happens if “Stock Bellies” get stuck
in a range of 200 index points over the next 10 years?
Time for some “Back to the Future” trading with something that moves, like
GBPJPY, although you wouldn’t know if from today’s “hurry up and wait”
adventure courtesy of the Lounge Lizards … FX like everything else, and that’s
watching and keeping one eye on the “Spoos” for “risk on / risk off” [RORO] while
sitting and doing nothing … time to grab my heat shield to defend myself in the
“Dragon trade” as it’s known, and simply follow the volume … everything is there
we need, question is can we get in and then exit when we want … I think so, and in
the days ahead we are about to find out!, especially if “Stock Bellies” continue to
waffle and not do Mr. Jack Squat … about the only complex that has been
consistent lately with halfway decent VIX are the FX pairs … gold, oil, and
“Stock Bellies” are turning into a pile of shit, where’s there’s nothing but stop
runs and chop with too high spreads & slippage.
Well now, that was wonderfully anticlimactic wasn’t it? … we waited all day for
this? … the usual “scumbaggery & fuckery” from the usual suspects on display
right after the release, natch … but within a couple of minutes, it’s back to a more
normal trading environment, with somewhat higher movement but not much
… Cable/Yen not acting strongly, it seems to me the minutes haven’t fooled
anybody … as far as trade execution goes, it’s much easier to trade 1 - 5 lot
volumes [10 times the index per 1 lot] @ SIMPLE FX, than it is to trade 10 - 50 lot
volume [1 times the index per 1 lot] @ COINEXX … I simply don’t trust Coinexx
LP’s to make a fair and honest market at those volumes … FX is a different story,
but it’s way past the London Fix and Europe has been closed for over 3 hours
… unless the minutes showed us something out of the ordinary that was a
surprise, all FX is gonna do this late in the day is react to what the “Spoos” do,
and even at that not by very much … and we got no surprises from this [see my
shocked face] … no trades for the PAMM today, simply cuz with very subpar
LOW ranges, it was a total chopfest across the board, waiting for Lounge
Lizard fairy dust to save markets … it turns out the “fairy dust” was just plain
dirt … onto tomorrow.
… OUTTA HERE … “The future’s so bright I need 2 pairs of sunglasses 😎😎,
and my own Brinks armored truck” 💓!! … Onward & Upward!!
-vegas
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