Just when you think you’ve seen about everything there is to see, along comes
last week that says, “nahhhh!, you ain’t seen nothin’ yet … watch this!” … in a
week where there were ZILCH surprises from the central banker scum, except
from the BOJ where “Scumbaggery & Fuckery” were front and center, it’s very
hard not to conclude that somebody was handing out FREE crystal meth
somewhere indices traders hang out … nowhere was this more apparent than in
“Stock Bellies”, where Pork Bellies are gonna get a bad reputation, cuz in “never
never land” of delusional bubbles, LITERALLY NOTHING MATTERS except
1) which group of specs are getting “gamma squeezed” at the moment, and
2) who’s in the process of pure panic [UP / DOWN, what the hell is the difference,
pain is pain] that the scumbag banks can front run the shit out of ‘em and not
only be profitable, but make the pain even more unbearable! … and how do I
know this? … EASY PEEZEE: even a cursory scan of the m1’s shows such a
very large divergence of ranges, from just a few index points to upwards of 50+
index points, that while “shit happens” occasionally, it ain’t supposed to be as
frequent as every FEW MINUTES!
I guess now the “norm”, here in “The Twilight Zone”, where markets are “soup”
and everybody else trading it is either a “knife” or a “fork”, double / triple /
more? / reversals are gonna be a “du jour” feature, and enjoy your meal while
the bank feasts on you from the bottom up or top down [take your pick!] … how
the Hell do you effectively model shit like this? … well, you don’t … and quite
frankly, that’s the message being sent … for years, volume and liquidity in the
futures has been dropping … now you know why … no large trader [spec or
institution] is willing to be the banks “Chump” when they start the front running
process [and trust me, they ALL KNOW it’s happening], cuz they have no idea
where it ends and how bad it can be … and as last week showed in spades, it
can get a whole lot worse than you think.
Just looking at daily ranges, you wouldn’t know or recognize what’s happening
that’s “out of the ordinary” … the daily candles don’t show multiple daily or
session reversals, nor does it give any hints at what’s happening at the micro
level with the m1’s … and the m1’s are moving violently off tops and bottoms and
not coming back until they run, which gets traders to further panic and pour gas
all over themselves and light a match when getting in or out … the scumbag
bank, meanwhile, is using spec order flow from their proprietary trade desks to
front run orders with their offshore prop accounts they use to “bag” profits
… out of sight, off the books, nothing to see here Sheeple.
What makes this particularly egregious are 2 factors … 1) the larger your volumes,
the worse it gets for you, cuz the scumbag LP is not gonna cut you any slack at
all … robs you from winners, pours salt in the stab wound fill of losers … and
2) the exponential increase in the number of reversals over the last few years
means you can’t hang on and try to HODL … that will get you buried alive … the
scumbag LP’s know this of course.
It’s a bit different over in phyz commodities, where you actually have to take or
make delivery at some point, and it’s not “cash settled” … I’ve mentioned before
how surprised I was that Coinexx actually made good their NDX100 fills without
creating a new orifice … and while we’ll never know the internal dynamics cuz
nobody nowhere ever discloses what they’re doing or why, there have been
changes for the better … the gold spread has gotten slightly tighter, meaning they
severed some relationship with an LBMA member for another, and the spread in
WTI & Brent crude oil has tightened considerably, to where it spends most of the
time at 1 penny, with a flicker now and then at 2 cents … I can live with either, but
as I’ve told them, don’t “sandbag” your customer base and get them used to a
tight spread, and then out of the blue jack it to 3 - 4 cents, in the old “bait &
switch” bullshit houses have been known to do … you’re running out of
credibility as it is, so do this AGAIN and I doubt you’ll see anybody trade this
shit even if you put the spread at “0” … there’s tremendous opportunity for a
brokerage house and an LP to make themselves an enormously profitable
operation in crude oil CFD’s, with tons upon tons of customers! … the demand
is there! … all you gotta do is be “fair & honest” with a tight spread and give out
good, decent fills, AND NOT PULL THE “SCUMBAGGERY & FUCKERY” TONS
OF HOUSES [INCLUDING YOURSELF IN THE PAST ALONG WITH TURNKEY]
HAVE PULLED WITH THE “BAIT & SWITCH” MODEL … can you do it? … we’ll
see won’t we?
I’ve said this a million times here on the blog over time, and I’ll say it again
… “give me a STABLE, CONSISTENT good bid/offer spread in crude oil of 2 cents
or better, and a meaningless round turn commission [if any] that is super low, and
I would trade oil exclusively and never look back!” … granted, ranges have gone
lower over the last year, but with a tight spread they still are fairly decent
… higher would be better obviously, but it is what it is … at a MINIMUM, oil is as
good as USDJPY anb/or GBPJPY without the BOJ bullshit, and oil remains a U.S.
market [unless world events supersede and give the Asian / European session
some action], meaning 90%+ of the trading action is from 7 AM EST - 2 PM EST
… the question is can Coinexx deliver consistently? … I’ve seen shit like this
before from Turnkey, only to become very disappointed [literally] days later when
we got sandbagged … we just went through some OPEC+ bullshit, as well as
central bank interest rate decisions, and the spread held quite well at 1 penny
… Hell, even Brent held at 1 penny, which often has a penny or two higher
spread … so, things look hopeful here that they haven’t jacked shit up and used
the meetings as an excuse, cuz they surely could have.
I’ve researched the “Super Scalper Trading Algorithm” with crude [both WTI /
Brent], and it performs exceptionally well in modeling price behavior for
scalping purposes … while things are always relative in trading, a lot of the
bank bullshit in “Stock Bellies” and FX is absent from oil … sure, oil can be
crazy, but most of the time there’s rhyme to the reason, and it isn’t simply an
exercise in “fuckery” we see every 3 minutes in USDJPY and/or DOW30 … and
yes, oil is a “Thugs & Dictators” market, with OPEC+ the “800 lb. Gorilla” in the
room, but they aren’t “active” manipulators in the sense that the “Plunge
Protection Team” [PPT] is for “Stock Bellies” … volumes and liquidity are as
good as it gets in markets, so you can get as big as you want without worry.
Over in “Download Links” is the mql4 code for crude oil [WTI / Brent] support /
resistance “zones” in their respective “Risk Model” [RM] format.
Directly below, the 20 Day Range MA’s for selected markets.
For the PAMM, I’ll be moving out of “Stock Bellies” and looking at either crude oil
and/or gold … one of ‘em should be moving and doing well, and with better
conditions it’s the place to be … this bank bullshit in the “Stock Bellies” is for the
birds … onto the week!
… 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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