Everything I wrote about in yesterday’s Sunday blog update, concerning crypto
and specifically MATICUSDT [Polygon], has occurred in today’s trading … Hell,
MATIC moves more ticks in 4 hours than EURUSD does in PIPS in 4 months!
… NOT exaggerating here! … pump, dump, pump, dump, pump & then dump to
the low of the day before exploding higher off that low, before dumping again
… ho hum, welcome to crypto! … the specs FOMO the MOMO and then panic
sell when taken to the woodshed by the “Whales” … and the “Whales” have
done “their thing” all morning … and the “arb scalping” discounts I wrote about
held true, and after specs puke at the bottoms, along comes IQCENT with their
flavor of a customer pukefest, and the discounts widens substantially, before
smartly rallying off of nothing but air … meanwhile over in manipulation land
on the MT4 or MT5, what a fucking wasteland of bullshit … gold might as well
be closed, and FX is remarkably pitiful in scope and movement … seriously,
what a wasteland.
And the reason things play out like they do isn’t cuz of anything I know nobody
else doesn’t, it’s cuz I understand spec trading psychology … whether it’s in a
pit or electronic doesn’t matter, it’s the same group of people who always think
alike … and that thinking is dead wrong! … and of course, “Whales” eat the
collective alive, cuz 1) they got the money, and 2) brokerage houses give ‘em all
of our trading info … they know where the stops are cuz management makes
sure they get it … why do you think they pay millions for the info?
No trades for the PAMM today, simply cuz there’s nothing to do inside a smallish
range of bullshit … “has it moved $3 from a median price yet in 5+ hours? … and
when it does, it goes bat shit crazy for exactly 2 minutes while the scumbag
bullion dealers hit off buy stops and sell everything they’ve bought the last 4
hours … nice work if you can get it! … what a bag of shit, but there isn’t anything
anybody can do abut it cuz the FED runs gold … but for how long?
Over at IQCENT, a shipload of MATICUSDT trades, that play out like I personally
scripted ‘em … “The Syndicate” UP APPROXIMATELY 1.1% on modest volumes
… going forward, I’ll be going heavier volumes, and for the PAMM I’ll trade gold
when it’s appropriate to trade it … it ain’t there now … you can’t trade gold and
take 20 cent gains, while risking $3 - $5 each time you got a position on … what
fucking sense does that make? … gold needs better ranges and better NY
session VIX, and right now it’s absent … meanwhile crypto rules the free trading
world, and it’s why millions are trading it … nothing like a market free of
government manipulation! … 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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