Well, that escalated quickly didn’t it? … after a rash of seemingly bad news these
last months, from everything to FTX going tapioca to the useless & worthless SEC
suing Binance & Coinbase, Bitcoin finally gets some good news hitting the wires
… the link from yesterday afternoon via ZH directly below.
https://www.zerohedge.com/crypto/bitcoin-surges-after-new-cryptocurrency-
exchange-backed-citadel-fidelity-and-schwab-starts
And, the shorts get crushed like grapes … so what’s really behind this news?
… what’s really at work here with Citadel, Fidelity, & Schwab forming their own
crypto exchange for trading [EDX]? … combined, these firms have TRILLIONS
under management, with Citadel being one of the largest HFT firms in the world
… first, you have to know they wouldn’t do this unless somebody somewhere in
Biden’s crooked empire of thieves has given permission, and secondly there’s
something in it for special interests … as for the government, just a backdoor
attempt to get somebody else to do their spying & bidding for information on
corporations and individual traders … you can bet, there will be full KYC for
anybody / everybody who signs up for this … you can also bet, they’d “flip” on
your ass faster than Biden falling down stairs, and give up ALL info on you in a
heartbeat … so, not only will the heavyweights in the “Uniparty” get “skim”, just
like they do now from markets, they’ll have ready, willing, and able
stormtroopers collecting all they need when they need it … and if you can’t see
this, you’re dumber than a box of rocks! … and what will happen with the
offshore crowds of brokers that have no KYC, they’ll simply funnel trades
through this without so much as a whisper of protest … it never has and never
will make any sense whatsoever to do business in the U.S.
Overnight, UK inflation a tad “hot”, but tell that to a Cable market that wants to
correct … and after sucking in longs, it’s over the cliff “Thelma & Louise” style
… today’s big event is Spicoli giving testimony over at the Clown College
starting at 10 AM EST … always good for laughs & outright mounds of bullshit,
but don’t let your kids listen to this cuz they’ll end up thinking that lying is a
good thing … so, look for chaos starting right at 10 AM EST.
STIRS staying awfully “sticky high” around the 4.72% level on the 2 YR. T-Note
… “Stock Bellies” find themselves at the most long positioned in the history of
the futures contract, which is not a good thing for further uninterrupted gains
… the real question is, “does the NDX100 stay elevated with “higher for longer”,
and if not, what’s the catalyst for the tech sector to “crack”? … with the
somewhat good news RE Bitcoin, can it elevate above 30K and stay there, and
with it ushering in more VIX on a daily basis? … and finally, can the BOE
tomorrow deliver the goods for Cable? … or do they disappoint like most always
and Cable goes back into mud? … and, with ECB Apparatchiks yapping
“blah blah, yada yada” about further rate increases every 5 minutes, does
EURUSD have any legs for more upside, or is it “finished before it’s started”?
… over the next 50 hours or so, we’re about to find out the answers.
Well, that didn’t take long to see how ugly the Cable / Yen pig can get … no matter
how much lipstick, strings of pearls, and perfume you waste on the pig, you still
got a stinkin’ pig … made worse by criminal, thieving Coinexx LP’s, whose motto
is “a fair fill is what doesn’t get us indicted!” … but first, I only did one algorithm
buy signal today in GBPJPY, simply cuz it’ll be the last … PAMM DOWN AROUND
0.1% … UPON ENTRY, WE GOT MUGGED, ROBBED, RAPED, and then RAPED
AGAIN, when we get filled a wonderful 4+ PIPS off the offer on a buy fill [which
was the absolute tippy top top to the tenth of a PIP], which 2 bats of my
eyelashes later as it’s going down, we get bent over again for about 2 PIPS of salt
rubbed into the stab wound … and as readers can imagine, I didn’t take to kindly
to this and proceeded to spend some hours on the phone with management … to
whit, “you fuck me again on any fill as I move the PAMM trading over to EURUSD,
and stick me with some bullshit, thieving fill by your criminal LP or group of LP’s,
I will make it my lifes mission to make sure you never open a new account again
from anybody … I will be on every forum, and post shit reviews based on real
trades, and I will be there relentlessly for as long as your doors are open … go
ahead, make my fucking day!” … and amazingly, nobody there said a
“Hoover Dam” word, except “sorry”, and said we’ll monitor your PAMM
EURUSD trades for “Scumbaggery & Fuckery” going forward and make sure
you’re satisfied everything is fair and honest … my response was, natch,
“you don’t know the meaning of “fair & honest” … tomorrow’s blog will deal
with how to make EURUSD trading into trading like it’s Bitcoin! … not for the
PAMM, which quite frankly will trade much higher EURUSD volumes and we’ll
get every bit as good of results from a razor thin spread as if we were trading
Cable / Yen and were getting treated fairly … it was a tossup to either do
EURUSD [maybe Cable], or give GBPJPY a chance cuz it had more VIX … well,
as I pointed out on the Sunday blog update, there are things you absolutely
need in order to be profitable … and we ain’t gettin’ it from Coinexx in GBPJPY … not even close, so GTFO!
Quite frankly, I don’t see how even Coinexx can FUBAR EURUSD … granted, it
can be slower, but it has less “Scumbaggery & Fuckery” than other pairs, and the
pair is highly competitive among houses … add to that higher volumes, and it can
be just as profitable … so, it’s over to EURUSD and welcome to our new home
going forward.
Over at IQCENT, a decent day as Bitcoin frickin’ explodes [~ $2,700 range], and
after a boatload of trades in the crypto pair, “The Syndicate” is UP
APPROXIMATELY 1.3% … and if I hadn’t been on the phone burning the ears at
Coinexx for several hours, it would have been substantially higher … but hey,
you do what you gotta do! … and the difference should be quite obvious to
everyone and their pet rabbit … excellent selective spreads [top 4 are BTCUSDT,
DOW30, EURUSD, & USDJPY], no commissions, AND NO SLIPPAGE at IQCENT
… been trading here for about 3 months and haven’t had one horrific fill
… horseshit variable spreads that are mostly phantom, commissions, and
HORRIFIC SLIPPAGE at Coinexx that I deal with almost DAILY!… we’ll do OK in
EURUSD, simply cuz it’s one of the only pairs that’s kept relatively honest by
Coinexx … not cuz they want to, but cuz they have to … it’s too easy to check
with other competitors, and so slippage should be … SHOULD BE! … minor to
non existent when there’s no news affecting it … tomorrow’s blog will deal with
how to specifically trade DOW30 and/or EURUSD, and turn them into scorching
hot pairs … 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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