Well, let’s discuss the dirty little open secret about these so called “markets”
… the question is, “can you get in when you want without paying a king’s
ransom, and then equally important, can you get out without slippage that will
choke a fucking horse? … and guess what Skippy, NO YOU CAN’T! … and therein
lies “the big lie” about markets and trading … yesterday a prime example of a
system gone out of control to the MAX, after Spicoli opened his Pie Hole and
started the “blah blah, yada yada” and set off financial nuclear explosions
… every market blown to shit with spreads and slippage that had to be seen to be
believed … and in that scenario, what does it matter what your trading model or
algorithm is, or says to do? … you can’t get in and if you’re in, how the Hell do
you get out? … pushing any button yields nothing but “pain!”
Not to be outdone by yesterday and Spicoli, the ECB & BOE adds to the clown
circus today, and you got FX completely FUBAR … and of course, the bullion
dealers seeing all of this, go rogue bananas on their own with today’s $40+
bloodbath to the downside in about 30 minutes … afterwards, it’s the usual
“Loser Formation” with nothing but chop and heartache … these aren’t
functioning markets, they’re Ponzi schemes run by central banks and their BFF
scumbag LP bank buddies doing their bidding … what an absolute joke … you
can’t even begin to tell me where the risk in any of these so called “markets” is
… on any trade, where’s my risk? … in today’s environment, nobody knows cuz
it’s open ended and CAN BE ANYTHING!
Surveying the damage done to markets over these last days / weeks, the “big lie”
makes it appear like the algorithm can take advantage of these horrendous moves
in “Stock Bellies” & gold [oil is D.E.A.D.] … maybe you’re at a brokerage house
not affiliated with thieving, crooked LP’s like Coinexx [hopefully, you’re not at
anyplace worse!], that hand out shit, off the market fills while at the same time
gassing spreads to the moon in their CFD’s … and if that’s the case, maybe you
can take advantage of the version 2 trading algorithm to profit … more than likely,
though, it ain’t gonna happen … the only place that kept its integrity, even with
central bank bullshit from the ECB & BOE today, is FX, specifically the major FX
dollar pairs … the difference in trading action versus “Stock Bellies” & gold is
night and day! … why put up with open ended risk, spreads that balloon horribly
at the drop of a hat, and slippage beyond reason? … why? … 99.99% of the time
you don’t get this in the FX majors [excluding YEN, which is in a different universe
of stupidity all its own] … pick any of ‘em, they all work beautifully with the trading
algorithm, and most importantly, THEY TRADE UP/DOWN constantly … quite
frankly, I’m sick & tired of being “sick & tired” of the “Loser Formation” after any
and all moves in “Stock Bellies” and gold … gold especially is tough cuz the
spread is much higher to escape from when things slow down.
Looks can be deceiving, and not being able to get any handle at all on risk in a
trade, sours me on gold & “Stock Bellies” as trading vehicles … in other words,
unacceptable, bullshit conditions detrimental to your accounts health! … going
forward, I got no choice but to stick to FX, probably EURUSD cuz of the tight
spread, or maybe Cable as well … they move, they trade, they are CONSISTENT
for the most part … excluding YEN, which is its own nightmare of its own choosing,
I haven’t had any real latency or slippage issues since I’ve been on the institutional
server … occasionally we get nipped a tenth or two of a PIP, but most of the time
fills are right on the bid/offer … that’s a far cry and a universe away from the shit
that’s passed off in CFD’s, where every trade you make you hold your breath to
see how badly they screwed you … we don’t need to put up with this shit … the
trading algorithm is too good for “scumbaggery & fuckery” like that handed out in
“Stock Bellies” & gold … maybe someday this changes, but for now their LP’s in
CFD’s are thieves.
Even with an ECB interest rate decision today, and a presser from Chief Diversity
Hire Lagarde, EURUSD held together remarkably well and traded in elevated
conditions … ditto with Cable … up/down, keep the spread steady, that’s all we
can ask for … the algo does the rest.
No trades for the PAMM today, going forward we are back in FX … no worries
here, trading conditions have been good to excellent far longer than they have in
DOW30 & gold, which are deceptively bad most days … rarely do these two ever
trade anymore, it’s all C-4 explosions or they’re dead … onto tomorrow.
… OUTTA HERE … “The future’s so bright I need 2 pairs of sunglasses 😎😎,
and my own Brinks armored truck” 💓!! … Onward & Upward!!
-vegas
No comments:
Post a Comment