LIPSTICK ON A PIG

“You’re still a pig!”

Dear DAX30 Market: “Would it be OK if we had any movement

what-so-fucking-ever that isn’t around the open or close of trading?

… Seriously, fuck China & the ChiComs and their manipulated horseshit … can

you trade on your own or do you need “training wheels” to run your markets?

… everything a screaming panic [up or down] and literally ZILCH in between

… can you fucking trade? … asking for a friend who’s a little pissed off”.

Range today back to normal, but there’s one tiny problem … it’s either on the

open or near the close, and for over 8 hours it can’t do shit … couldn’t get this

German/European  horseshit to move 20 index points to save its life … but after

U.S. stocks open, “Flu Lottery” numbers and some news headlines give the

“Spoos” some heartburn, along with the realization that NASDAQ can go down

also … so natch, right before Europe closes and with no time on the trading

clock, all hell breaks loose on the downside … can’t do this earlier, fuck no, that

would give traders time to make money … another Wall Street “fuck job” on

European traders to end their day … “quite frankly, I’m wondering when the

entire rest of the world tells the U.S. to GTFO, and leave markets alone, cuz all

they do is scam, scam, and scam some more, and along with the corrupt

“Plunge Protection Team” [PPT], everything is primed to screw with the rest of

the world’s markets.

Only one algorithm signal today … TURNKEY PAMM / MAM UP SLIGHTLY MORE

THAN 0.1%

And after that first signal early in the day on our way to the high, it was “lights

out” for signals to the close … of course, since Europe has closed and the day is

done, Wall Street decides it’s time to rally stocks after the “Thelma & Louise”

debacle, thus screwing over everyone … thanks assholes.

… until tomorrow … Onward & Upward!!

-vegas

MANURE MARKETS

“Also, a pile of stock index just for you!”

“What’s your favorite stock index crime scene”? … well, you’d be hard pressed

to not include this morning’s 50+ index point royal fuck job courtesy of the

scumbag bank LP’s, in the DAX30 at 11:35 server time … a beautiful job of a

“spike from hell” on no news whatsoever, from the criminals who call

themselves “liquidity providers” … and another customer learns the ropes in the

DAX30 … wonder if it might be the same person who got screwed yesterday at

the low selling, now back in to buy? … dunno, just wondering.

This day as bad a pile of steaming bullshit, as the last four, with each getting

worse in succession … take out the customer hit job, and with less than an hour

to go before Europe closes, from the tips mind you, we’re lucky to see 100 index

points … that’s almost a 70% MISS from the 20 Day Range MA in the mid 200’s

… good grief.

And what this means is trading conditions get worse exponentially in a hurry

… mystery ticks, spikes from hell that go nowhere, and of course unfathomable

slippage from the criminal element running markets A/K/A scumbag bank LP’s

… and make no mistake, none worse than Turnkey … won’t rally, can’t break,

simply waiting to see if there are MOAR dopes to buy MOAR NASDAQ stocks

and keep the delusion alive … nothing but “V” shaped tops & bottoms, where

after running stops it turns wickedly fast & furious, and if you try to catch the

wave your fill will be eye watering horrible I guarantee.

As is typical of bullshit days in general, everything on the open or the close, and

today sees “Flu Lottery” numbers hit stocks as Europe is closing … want no part

of this with no time left, and nothing but trouble from the criminal banks in New

York … even with a new low, 4th day in a row of daily ranges & intraday ranges

in the DAX30 that are well below the 20 Day Range MA … this market can’t seem

to find it’s “mojo”, either up or down, and that means bad news for traders cuz

the scumbag banks will clip both sides of the market creating horrible trading

conditions.

Only one DAX30 algorithm trade today … TURNKEY PAMM / MAM UP SLIGHTLY

I cut my volumes back to bare minimum in this bullshit chop today, simply cuz for

the vast majority of the day, activity was pitiful to non existent … there seemed to

be no interest in the trade, and all I saw was bank manipulation of bid/offers via

mystery ticks, and turnaround spikes from hell with no destination … not a good

day for trading conditions.

… until tomorrow … Onward & Upward!!

-vegas

HOLIDAY MARKETS IN THE U.S.

“The “Stock Bellies” complex ALWAYS cares!”

Markets closed in the U.S., but CFD’s are open & trading … FX a complete joke,

not even worth commenting upon … and in Germany some ECB legal troubles

with their pandemic QE, and France sees its Prime Minister get sacked … not a

good day for the E.U. … and after a very lackluster Asian session in the DAX30,

Europe’s open sees those two headlines above take center stage, and down

goes Frazier.

Multiple trades in the DAX30 today … TURNKEY PAMM / MAM UP EVER SO

SLIGHTLY.

Some very tough thin conditions, with prices whipping around in choppy trade

most of the day, and a new low for the day on “Flu Lottery” numbers, that saw

the U.S. indices get smacked around, especially the DOW30 … excepting some

very brief trading activity, not much in this market today, although the day’s range

of 190 index points is better than I anticipated with the U.S. closed … Asia got

100 of that range, so not much here … I traded very light today, and Monday will

see me return to normal volumes and better returns … the algorithm is

performing exceptionally well.

Outta here … Blog update on Sunday … Onward & Upward!! 

Have a great weekend everybody!

-vegas

THE FX MEAT GRINDER

“Be the bank’s “patsy, or wake the fuck up and do it right”!”

And simply mirroring the “head pooh bah” of FX strategy at Bank of America

[BoA], ‘we’re all SP500 traders now, and FX is neurotic at best and unfathomable

at worst” … to which I would add, a complete scam most of the time, especially

when the scumbag banks run stops, front run corporate orders, and skull fuck

retail specs so often they come to expect & like it … “but hey, somebody has to

pay the graft, corruption, & bribery to POLS & Apparatchiks worldwide to keep

the “skim” alive and well, and it sure as hell isn’t gonna be the banks”.

Here we are again, 16+ hours into the day and Cable can’t even manage the

barest of minimum ranges to get me to even look at it … so pathetically sick in

terms of trading conditions, it’s simply phantom bid/offer quotes & mystery ticks

and fills … go ahead, play “FX roulette”, and push the button and see where you

get filled at some shitbox like Turnkey, where your piddly little order can move

GBPUSD 1 - 2 PIPS … then of course there’s getting out, where ditto again for

round 2 … throw in the spread + commissions, and thanks for playing … what a

fucking sick joke.

And what’s worse, with minor differences, you’d be hard pressed to tell the

difference between the Cable chart and either the DAX30 / DOW30 / SP500 … as

leader of the “Banana Republic new world order of bankrupt countries”, Cable

enjoys that special relationship with “risk on / risk off” for its fiat … and since

nobody but nobody has a clue what anything means for Cable, banks are quick

to panic specs with moves by the “Plunge Protection Team” [PPT] to bid stocks,

only to “pull the plug” at a moments notice when stocks stumble … throw in shit

like the “Flu Lottery” & other assorted games of pleasure, right along with spec

positioning, and it’s a very toxic brew for the unwary … straight up or straight

down … then sit for boring minute after boring minute for hours, until stocks in

the U.S. are panic bought/sold again for the umpteenth million iteration … there

IS NO MARKET HERE as you’ve come to know the term “market” … Ponzi

schemes, ponzi schemes EVERYWHERE! … there is ONLY “walled buying” and

“walled selling” and nothing in between, cuz there is no “trading” … and then it

turns on a fucking dime and screams the other direction … rinse, repeat, and

this is your “Banana Republic FX” markets in full glory … screw this, cuz I can’t

get algorithm trading signals cuz there’s never any fucking corrections! … and

no skippy, 6 PIPS isn’t a “correction”.

“WTF, might as well trade the DAX30 or the DOW30, as it’s simply

“quasi GBPUSD” anyway … what the hell is the difference? … the difference is,

with all of their faults & warts, THEY AT LEAST TRADE UP/DOWN … FX?

… sure, right … for 10 days Cable went straight up … for the next 10 days it

almost went straight down … where exactly in this pile of FX shit run by

scumbag LP banks, is the “trading”? … I’m here everyday for the entire

European session, and so far all I see are “straight shots”, reverse on a dime,

panic the other direction, rinse & repeat … you either buy the rallies or sell the

break, cuz if you don’t you sit … and that is a pig with lipstick on trying to

convince me she’s “pretty” … Nope, ain’t gonna happen … and after the NYSE

open, and the subsequent break that gave buy signals all over the place in the

“Stock Bellies”, Cable sat and diddled and then rallied a couple of PIPS before

breaking back a few PIPS … “Whoa Nelly, somebody hold me down with this

1 PIP, 2 PIP action”! … screw this, screw FX, cuz all it is, is nothing more than a

bank “con game”.

Not that “Stock Bellies” aren’t manipulated, cuz we sure as hell know the PPT is

at the ready most days …. But even with their “warts”, at least the shit MOVES!

… versus any of the pure shit calling itself FX, there’s no comparison to the way

the two spaces move and act … with that in mind, I have no choice but to move

back to the DAX30 and/or DOW30 … I get plenty of signals there, while FX is

simply “speed of light … crickets”.

One algorithm signal in the DAX30 today … TURNKEY PAMM / MAM UP

SLIGHTLY LESS THAN 0.1%

I got to the DAX30 late, after the NYSE open, and so got the last couple of hours

of cash trading … surprise surprise, everything went smoothly with no fill

problems and the algo signal was perfect … onto tonight, and I’ll pick it up from

the European open.

Outta here … until tomorrow mi amigos … Onward & Upward!! 

Have a great day everybody!

-vegas

THE PROPAGANDA DELUSION MUST BE MAINTAINED

“Remember Sheeple, CNTRL-P SOLVES EVERYTHING … we’re here to help!”

We’ve at that point in societal evolution, where just about everything is

government led propaganda … can’t escape it in sports, music, movies, and for

sure can’t escape it in financial trading … today’s exercise comes from the ECB,

where at the start of the European session of trading, here comes more bullshit

QE … “Stock Bellies” & FX pairs soar, cuz of course MOAR! free money for

scumbag banks … and back & forth we go on the “kill the longs, kill the shorts,

rinse / repeat, oh it’s good to be a gangsta LP bank”! … cuz all that really matters

is that the corrupt “system” of central bank intervention & control via the banks,

where every nickel traded each day, to the tune of $7 trillion dollars notional, is

“skimmed” like a mob controlled Las Vegas casino.

If I hear “risk on / risk off” one more time, I may puke for a week … this is such a

line of horseshit, and it’s so intellectually lazy, it’s true intention among the

multitude of “talking heads” is to mask the real goings on in trading finance

… and that true aim, and what must be maintained AT ALL COSTS, is that the

“skim” the banks impose on all of us who trade, continues unabated for the

benefit of the “Grifter Class” of POLS, Apparatchiks, regulators, exchange

“Pooh Bahs”, & brokerage house execs, and that it never ever stops for a

minute … cash or Bitcoin, we don’t care!

And who knew? … that CNTRL-P cures coronavirus,,arthritis, headaches, &

depression … cuz nothing says “we got it covered” like a free check from the

government that does nothing but create more problems than it solves … “but

hey, we’re from the government and we’re here to help”! … and while they inflate

the fiat toilet paper out of existence, and rival Weimar Germany and/or Venezuela

in keeping the “Brrrrrrrrrrrrrrrrrrrrrrrr” of the CNTRL-P machine going, they still

insist on keeping a lid on gold / silver cuz they’re just “barbarous relics”

… Bitcoin [BTCUSD] brings the delusion into focus.

Which brings me straight away to the “NEW” PAMM I’m forming at PRIMEXBT

… NO KYC to open an account, and everything [deposit / withdrawal / margin] in

Bitcoin … quite frankly, and I am being totally upfront here with my readers,

attempting to trade any of the Crude Oil CFD’s at any brokerage house is a

“fool’s errand” … ditto right now with London Spot Gold [XAUUSD] cuz the

spreads still have the “traders tax” … hopefully someday conditions will return

to normal, but right now PRIMEXBT is in the same boat as every other brokerage

house on earth, KYC or NO KYC, and it’s an untradeable mess … both spaces a

complete joke no matter where you go … if the bid/offer spreads don’t kill you, it’s

the commissions, or at some places it’s both … throw in slippage and it’s a horror

show … after doing some “back of the envelope math”, some of the “Stock

Bellies” can be traded at PRIMEXBT with competitive conditions, and I’ll kind of

“play it by ear” after the fund is up and running, whether or not I think it’s to our

advantage to trade in that space … however, FX & crypto is a completely different

story.

FX is as good as it gets, with spreads excellent & RT commissions super low, and

PRIMEXBT is as good as anybody else claims to be … what separates them from

others, like COINEXX and especially Turnkey, is their latency on fills … 50X faster

than COINEXX and a staggering 80X faster than Turnkey … my market buy/sell

fills are there simultaneous with me clicking the button … my senses too slow to

pick up the fragments of milliseconds it took to fill the order [usually between

8 - 13 milliseconds], and that means very little if any slippage cuz I know my order

wasn’t fucked with and manipulated by some scumbag LP … I got the bid when

selling, or the offer when buying, and if there is slippage it’s measured in 1 or 2

tenths of a PIP at most in GBPUSD, and not the “all too often”  horseshit of being

filled 1 - 2 full PIPS off the market at places like Turnkey … and when you’re

scalping or day trading, seconds matter and so does slippage.

One thing I very much like about PRIMEXBT is account balances are kept in

Bitcoin, and when profits on a trade are booked, that profit is immediately placed

into your account at the present value of BTCUSD … and what it means for you,

is that as BTC increases in value over the months / years into the future, the profit

you earned today from trading CONTINUES TO BECOME MORE VALUABLE

… well, what if Bitcoin goes down in value? … I don’t care, cuz it means money I

make in a trade gets me MOAR! Bitcoin, and when it goes up, it’s even more

valuable to my account than before it dropped … “so Bitcoin, if you want to go

down, be my guest … it only means I get to HODL MOAR! from a trade that goes

into my account”! 

Three things I want to touch on today with the new PAMM … 1) it’s a true PAMM,

2) participation and any fees, and 3) FX & crypto markets … first [1] it’s a true

PAMM, and while that may not seem important, it really is for very small fund

participants, cuz it means all P / L is prorated based on percentage allocation of

your funds in the master pool’s total … it isn’t “trade allocated”, it’s purely

“money allocated”, and so for example if I have 1 person with $100,000 in the

fund, and 1 person with $50, it’s pretty easy to see that if I made a trade and

profited $100, the small account would get 0.0005 of $100, or $0.05 … the larger

account gets $99.95 … where this becomes increasingly important is when I

want to “scale” into trades with different volumes … if I’m forced to do “trade

allocated” basis trading, some small accounts might not get allocated anything

… in a true PAMM, no matter how much or little you have represented in the

master pool, you get that percentage to the penny.

Second [2], is participation … the lowest amount that can participate is 0.001

BTC, currently valued at approximately $9.30 as I write … remember, everything

is in Bitcoin … if BTC goes to $50,000 per 1 BTC, that minimum would be $50,

still a ridiculously low amount, but on the other hand there isn’t a person alive

not living under an interstate highway bridge that can’t afford to be in this

… when you factor in profits + appreciation value of BTC going forward, this is

a complete no-brainer participation event for every single person reading this!

… the other issue is fees, and while I haven’t 100% decided upon everything

under this umbrella, I can tell you now that my incentive fee for managing the

fund will be UNDER 10% OF PROFITS … I haven’t yet decided on the exact

percentage, but under 10% for sure, and this is highly probable, the LOWEST in

the world that you’ll find of anybody that’s legitimate … the reason is simple and

twofold … 1) I get paid in Bitcoin, and 2) my money is in this thing as well [throw

in the dog & the Mrs. as well … so you know, no pressure or anything.] … trust

me, I’ll get amply rewarded as Bitcoin appreciates over time, and I don’t want to

take away from your performance in achieving your goals … in any event, by this

upcoming Sunday’s blog update, I’ll have finalized everything and report then

… there is no MAX amount limit, so if you want to put in “whatever”, it’s “A-OK”.

Third [3] is markets I’ll be trading … FX, most of the time GBPUSD, and gold if

that market can ever get its act together and get back to reasonable bid/offer

spreads … PRIMEXBT offers XAUUSD and it trades almost exactly the same as

COINEXX, and currently the spread is at about $0.30 - $0.80, which is outrageous

… nothing we can do here until the thieving billion banks get their shit together

… crypto also, but more likely not BTCUSD trading cuz it’s “pricey”, but rather

ETHUSD [Ethereum], LTCUSD [Litecoin], XRPUSD [Ripple], and EOSUSD [Eos]

… total costs [spread + commissions]  to trade ETHUSD at PRIMEXBT are only

about 5 - 7 cents per 1 ETH more than at COINEXX … when you consider that in

the scheme of things where ETH has ranges of $12+ each day on average, and

yesterday it was $18, it isn’t going to affect profitability one way or the other

except for a few pennies per coin … big whoop … that’s not the case in BTCUSD,

where the cost disadvantages are much higher. For the others I mentioned above,

they are commensurate with COINEXX, and have excellent LOW spreads and

reasonable commissions … not sayin’ I’m gonna trade them, but they are there

for consideration if SHTF and markets start moving, and when BTC starts

moving towards $20K and beyond … finally, PRIMEXBT as mentioned above

has some world stock indices that are competitively attractive as well

… depending on risk levels, and total overall VIX, I may trade them, but most

likely I’ll leave them alone … so, a lot of options of markets to trade via the

trading algorithm.

So, the PAMM fund will have FX, some crypto pairs, & maybe some selected

stock indices exposure, and overall considering everything [NO KYC, anonymity

for fund participants, complete 100% transparency & CONTROL over your BTC

funds, balance in Bitcoin, lowest fund participation minimum you will EVER SEE,

and the LOWEST FEES ANYWHERE ON EARTH], it’s the very best option for the

most people I can offer with the guidelines that are important to me the manager

… the only thing that would make it “COMPLETELY PERFECT” would be if BTC

was priced like ETH, AND funds could be withdrawn to a Bitcoin debit card

… we don’t have the last two yet, but the way worldwide industry trends are

going, look for these two to come onboard either later in 2020 or in 2021 … it’s

taken a very long time to get to this point in trading evolution, but for the most

part [about 99%] I finally have “floor conditions” with cheaper costs, and the

privacy & anonymity I think most people very desperately want, along with cutting

the fucking banks out of the equation and putting more money into your pocket

… “hey, I’m not just the manager, I’m in this as well”!

Looking at today’s Cable trade … well so far, it’s ugly with no range out of Asia,

and Europe comatose as well … this is pathetic, and I’m sorry “pathetic” for

insulting you … what a bag of shit so far … I’m only guessing, but it seems to

me everything [markets] is now waiting for the “Flu Lottery” numbers to come in,

another scam of epic proportions foisted upon traders so the banks can ripoff

traders on spikes from hell & slippage for the numbskulls who trade off of shit

like this … so far a completely different trading story from yesterday.

“Flu Lottery” numbers awful for markets, but who cares when you have the

“Plunge Protection Team” [PPT], corporate buy backs with bailout money, and of

course the SNB … buy MOAR! worthless NASDAQ stocks Robinhood Millennials!

… and since Cable is nothing more than a volatile Banana Republic currency,

that ebbs & flows with it’s new BFF, the SP500, that “bag of shit” I mentioned

earlier only got “more stinky” … Cable with one of its worst non Holiday trading

days in memory … and if it wasn’t for the complete “shitshow circus” at the NYSE

open for those thinkin’ stocks have to go lower cuz CHICOM WUHAN KUNG FU

FLU cases are skyrocketing, so let’s sell stocks and get short, Cable wouldn’t

have even had a 50 PIP European range today … as it was, sell stops get tripped

at the even century mark [1.24000], and good luck with that sell fill all the way

down to 1.23885 for some, and the 3 second trip back up to over 1.24000 … “did

you enjoy the nightmare roller coaster ride”? … and that’s it, that’s the whole

fucking day! … good grief, I coulda watched “Brady Bunch” reruns and been

better served than this shit.

Of course, what makes it all the more special is that when conditions get like

this, they don’t improve, they deteriorate … mystery ticks, & spikes from hell the

norm with ZERO follow through to anywhere … and slippage gets worse as well,

cuz the banks have got to make money somehow, and that somehow is filling your

order off the market … but NOT AT PRIMEXBT, cuz when you get filled

instantaneously you get the bid when selling or the offer when buying.

No trades today in the TURNKEY PAMM / MAM.

No trades cuz ZERO algorithm buy signals over the entire 8 hour period I was at

my screen … some very close, but no cigar … in order to get a buy/sell signal,

ALL algorithm parameters have to be in sync, and with today’s pathetic action

getting that was next to impossible … the scumbag LP banks pulled rabbits out

of their hats all day long keeping this shit in an extremely tight range, and they

simply would not allow it to move … that low of the day right after the NYSE open

saw no buy signal … generally speaking, “V” bottoms rarely meet all algorithm

parameters to buy, so not all bottoms of course get buy signals … and after that

‘till the European close at Noon EST, it wasn’t just a “bag of shit”, it was a “bag

of shit on fire”! … do anything buy/sell, and most likely you’re regretting it quickly …

it simply is what it is … yesterday, I get 15 buy signals, today I get none … but

yesterday had a European range of 122 PIPS, and today it’s 76 PIPS, with 99% of

the time more like 40 PIPS … and once the NYSE opened, not even 30 PIPS from

the edges ‘till the close … pathetic, but whaddaya gonna do?

More info on the PRIMEXBT PAMM coming tomorrow… until then mi amigos

… Onward & Upward!! 

Have a great day everybody!

-vegas