Who knew? … but I’m getting ahead of myself … last night after the close, before
dinner and “sleepytime”, while watching JPM attack crypto pairs with a downside
vengeance not seen since Thanksgiving day, I’m scouring Turnkey’s tradeable
pairs looking for something … FRICKIN’ ANYTHING! … that 1) moves, 2) has a
consistent low bid/offer spread, and 3) isn’t in FX or in “Stock Bellies” … and lo
& behold, what got added to the MT4 platform that I overlooked when they
upgraded to crypto this past December 1, 2020? … why natural gas of course!
… cuz looking at what crude oil is doing, and the bullshit 4 cent spread the
robber barons want for “vig”, I need a market that day-in, day-out can be traded
without taking me out back for a financial lynching … crude oil ain’t it … neither is
silver … yes, when silver moves with the “MOJO wind” at your back, gains can be
eye watering … but day-in, day-out silver sucks as a consistent market, for the
basic simple reason the red down spikes are vicious & ugly, slippage can be a
problem, and the spread isn’t exactly “cheap” … it’s not outrageous, only
acceptable, but that doesn’t make it a bargain … so, at times silver can be very
good, but there also are stretches of time where silver is a dud, and you just have
to leave it alone or the bullion bank thieves will carve you up like a Thanksgiving
turkey … gold is in a different category, where slippage is simply an “honored art”
of the bullion bank thieves and in a class by themselves, and it makes for an ugly
market 99.99% of the time … crypto as we’ve seen, isn’t an option any longer at
Turnkey.
And while not as “bat shit crazy” as crypto, nat gas isn’t some slouch on the
volatility meter either … quite frankly, what the hell’s “nutso” as crypto? … right,
nothin’! … even though nat gas and crude oil are in the energy complex, the
correlation between the two is non existent … nat gas is its own deal, and
demand spikes from mainly weather drive price … cold blasts in the winter
obviously, but also extremely hot temps in Summer run air conditioners in parts
of the “U.S. of China” that use gas … in other words, there’s no dearth of volatility
in this complex … 20 Day Range MA currently runs about 12 cents, and it’s priced
at the tenth of a penny, so about an average 120 tick range currently … as I write
here early, coming into New York at sunrise, the range so far at 80 ticks [8 cents]
… a 1 lot volume = approximately $8.75 per $0.001 movement, with a $2 RT
commish … so, a penny move = about $87.50 per 1 lot volume, and the commish
is meaningless.
Since this market goes both up & down, there’s no bias as to which side of the
coin you trade … long & short is equally fine, but I’d be careful in winter on major
snowstorm and arctic blasts from Canada news when shorting … other than that
though, go with the trading algorithm for profit … I’ll be adding to this market in
the algorithm trading manual coming out shortly … you’re welcome! … so,
sounding like a broken record, I’ll be adding this to our trading list come Monday,
and I think it can be very profitable for us on a CONSISTENT BASIS … can’t say
the same with silver … now, don’t assume I’m becoming “Mr. Natural Gas”
[although the Mrs. & the dog think I’m 150% natural gas], only that I’m adding it to
the list cuz it moves and the spread stays stable … much more stable than crude
oil, and at its present bid/offer spread, it’s about the same dollar wise per 1 lot
volume as crude oil at 2 cents … I’ll be looking at it, and if appropriate via the
algorithm I’ll trade it.
Looking at silver today, and again like a frickin’ broken record, “Asia flies, the
rest of the world DIES”! … “quite frankly, I’m getting sick & tired of this shit”!
… down about 80 cents in Asia [oh no, can’t move in the U.S. trading session,
somebody might make money!], and with U.S. trading coming on stream in a
couple of hours, a quick trip to the $25 level before rebounding viciously … then
New York opens and it’s “sleepytime” as per the usual bullshit with the metals
and markets in general, as the world’s largest money laundering operation comes
online … however, from a somewhat longer perspective, silver hasn’t really gone
anywhere, and is struggling to maintain this $25 - $26 level, after the
“Thelma & Louise” thumping of January 8th … looks like a “flag formation” that
could take price down into the 24’s and perhaps the 23’s in the days ahead
… price needs to scale above $26 and stay there, and anything above $27 could
be explosive … how long it takes to get there, who knows, but once there, look
the hell out on the upside … given the Grifters running things now, sometime this
year silver most likely will explode higher … until then, it doesn’t do any good to
get chopped up scalping pennies and risking a price plunge on large down days
[like today] … with silver, you very much need the “MOJO wind” at your back
and today ain’t one of those days … no worries PAMM / MAM participants, plenty
of action lies ahead of us.
Over at PHEMEX, JPM’s bullshit last night attempting to derail the crypto train
with horseshit research failed miserably … however, it skewed the shit out of the
range even before Europe opened … now into the U.S., ETHUSD is a bag of
flaming shit … price action is as choppy and bad as I’ve ever seen it, and the
vicious wickedness of price moves up/down, that come out of nowhere to run
stops makes this market today one to stay away from … for “The Syndicate”, I
pulled the plug early when I realized it was not in our benefit to even attempt to
make a market in this shit today given conditions … I’m not in the habit of giving
one “Hoover Dam” penny back to the ETH market … I play on our ball field, with
our refs, and I make the rules … and if I don’t get that, I walk … money not lost,
is future money I don’t have to earn just to get back to breakeven … next week,
we’ll most likely be in DOT or ADA, and leave ETH for greener and more stable
pastures … we’ll see.
This weekend sees me working on the trading algorithm manual, along with
accompanying charts and support material … I’m doing my best to get it done
in a timely manner consistent with quality work … it should be done in a week or
two and ready for reader download.
Until Sunday’s blog update … I’m full steam ahead! … Onward & Upward!!
-vegas
