SUNDAY UPDATE: A TERRIBLE FUNK

 

“If it looks & quacks like a duck, it’s a fucking duck!!”

As if it’s not bad enough that markets are bags of flaming dog shit, what with

terribly low ranges, VIX, and horrendous trading action, along comes discovery

that is disturbing to say the least … there isn’t any way to sugar coat this

… when people decide to go to the “dark side” in this business, it impacts

everybody to some extent … I believe, IQCENT IS A SCAM BROKERAGE HOUSE

NOW! … Do not open an account here, nor put any funds here, cuz you are likely

not to get them back anytime soon via a withdrawal.

From my perspective, “The Syndicate” never had much with IQCENT, and what

we did have got pulled last fall when they tried unsuccessfully to get me to put

more funds with them … so from “”The Syndicate” perspective, the loss isn’t

even a rounding error …  personally, I had about 6 months profits that are

“buh bye” to the scam, and I don’t think I’ll ever see those profits appear … Miss

Gimpy & “The Mrs.” took slightly bigger hits, but in the scheme of things it’s

mostly lost profits and time … that doesn’t make it any easier to stomach,

knowing they went from OK to rogue scammers in about 3- 4 months, it just

simply means “live and learn” from this business … good houses go bad, bad

houses become good, ownership changes, nobody really knows for sure what

goes on behind the scenes from day-to-day … all anybody can do is go by history

and prior willingness to do the “right thing”, and when they decide to go rogue

and stop sending people their withdrawals, to pay attention to the internet.

Quite frankly, I don’t know what it is they hope to gain from stealing peoples

crypto withdrawals … their e-wallet addresses will be flagged by analytics

agencies, law enforcement will enter the picture, and what good does BTC in a

cold wallet do you sitting there that can never be moved or turned into fiat? As

scammers the world over have found out, it doesn’t matter how long you wait for

the heat to blow over, your wallet addresses are flagged, and the second you try

and spend the crypto, the authorities will be all over you like white on rice … so

what’s the point?

One thing I have already done, is contact the legal department of Thompson

Reuters, the LP that clears trades for IQCENT. Do they know that they are

clearing trades for a scam brokerage house, that is cheating clients? They are

required to “Know their customers”, which clearly in this case they don’t

…. Quite frankly, they are accessories to this “crime” … we’ll see in the days /

weeks ahead if I get any response from their legal department … and in the

days ahead, I’ll be contacting bitcoin.org to see what they can do, as well as

other venues that may or may not be able to help … this is now personal!

I’ll be moving “The Syndicate” over to Coinexx, and starting tomorrow I’ll be

trading the PAMM monies in BTC … Coinexx may be slippage whores, but they

aren’t crooks & thieves in the traditional sense of stealing customer funds by

not doing withdrawals … I haven’t ever had a problem with Coinexx for a

withdrawal, but by the same token I never had a problem with IQCENT either

up until now … you just always have to be vigilant in this biz, and even then it

might not be enough … 12 years ago, I lost about $1200 to a scam broker

called “Forex-Metal” … this was right before crypto and many people used

Liberty Reserve to make withdrawals … they simply stopped withdrawals and

disappeared … [and Liberty Reserve got shut down by the FEDS and they

disappeared as well very soon thereafter.]

It’s a sad day in this industry when shit like this happens, but it isn’t markets

fault, it isn’t cryptos fault, it is the evil intent of individuals … for the PAMM,

now that “The Syndicate” has joined the party, look for much more increased

trading in Bitcoin [maybe Ethereum, but we’ll see] … if VIX can give us half-way

decent ranges and trading action, the costs to trade [while higher] are still low

enough at Coinexx that we have an advantage over those trading at Binance or

Phemex … we’re only still in January, and the year has a very long way to go,

but rest assured I’ll be looking to POWER UP TRADING RESULTS and bring

returns to the PAMM going forward … time for me to get to work!

I’ll have range MA’s and MEDIANS next week … I got a corrupted file problem

with my Google Sheets that needs to be fixed … 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

THE 1 MICROSECOND MARKETS … ANOTHER NFP SCAM NUMBER

 

“Oh boy, another NFP Idiocy Day dead ahead!!”

How many reversals can we put into one NFP day? … apparently more than one!

… throw in a soft ISM Services stat 1 ½ hours later, and specs are jumping out of

their shoes … right, got played again? … Congrats!

And while crypto over at IQCENT remains FUBAR, thanks to “anti-scalping”

software the LP thinks will solve their losing money problem in crypto [it won’t,

it’ll only completely destroy whatever they got now into the dust], today saw

ample opportunities via “arb scalping” in USDJPY after both reports

… “arb scalping” in USDJPY HAS A COMPLETELY DIFFERENT THEORETICAL

PREMISE THAN THAT OF CRYPTO, AND SO THEY ARE TOTALLY DIFFERENT

… BASIS PREMIUMS AND DISCOUNTS ALL OVER THE PLACE FOR ABOUT 30

MINUTES AFTER EACH REPORT … IF YOU CAN’T MAKE MONEY FROM THIS,

YOU CAN’T MAKE MONEY PERIOD! … +20 PIPS to -20 PIPS quite often, and all

of us here doing multiple “arb scalps” in the 12 - 15 PIPS range in seconds in

USDJPY … quoting Miss Gimpy, “I like free money in seconds, I really do!!”

Both reports taken together with revisions, and you end up with a smidge softer

set of numbers, despite the headline jobs bullshit … for USDJPY, it’s gonna be a

very hard task to get the massive cuts in rates for 2024 starting in March the

street is anticipating … given all of the swirling horseshit around “will they or

won’t they” from the Morons at the BOJ about yield curve control and maybe

changing policy towards higher rates, who quite frankly are playing the world

with words, and the on again / off again FED Lounge Lizards about rates, it

should keep USDJPY SIZZLING with each rumor hitting the wires.

Historically, double reversals with size [range] go NOWHERE … they simply run

out of gas and most specs get blistered with preset Fib ratios, Elliot Wave

bullshit, and/or other preset support / resistance levels that get violated, along

with time wasting away to the close … the number of days that turn into bigger

ranges and allow the double reversal to flourish are fractions of a percentage

point! … you really want to bet on that? … that doesn’t mean just cuz it won’t

go further that it’s gonna go the other way, simply that the “Loser Formation”

and/or serious chop is the most likely scenario going forward … and once ISM

came in softer than expected, it’s a race to the lows, put in the double reversal,

and then stall and kill accounts looking for more … we did get a USDJPY bounce

better than I would have thought, but this market doesn’t give a shit what you or

I think, it’s ALL about who’s stuck getting cashews squeezed and what level will

the manipulators let it go towards … in other words, “order flow”. 

I have almost finished work on the FINAL version of the scalpers algorithm, which

will be available on Sunday’s blog update … it’s “color coordinated”, meaning

remember the colors to be long / short and that’s all you need … “The Mrs.” &

Miss Gimpy love it, and it takes all guesswork out of the equation … I simply

can’t make it any faster or EASIER to understand & implement … if you can’t

make money with this, you either aren’t following directions & rules, OR the

market has lost all of its VIX [or a good portion of it] … one you control, the other

is out of our hands … coming Sunday … no trades for the PAMM today as I ran

tests on this algo to make sure i got nothing wrong or left something out that

should be there … what better day to do it than an NFP Idiocy Day where

anything can happen.

IQCENT HAS TAKEN CRYPTO AND GONE FULL RETARD FUBAR! … I ain’t

interested in trading Bitcoin in $50 - $100 increments [or much more!] that leave

me stranded when the market reverses and at their mercy for pricing … ditto for

MATICUSDT and the other altcoins where it’s 20+ ticks … who the Hell would

agree to this? … but no mind, “arb scalping” USDJPY today with 2 “bigly &

yuge” reports [NFP & ISM], along with regular algorithm trading from the long

side sees “The Syndicate” UP APPROXIMATELY 0.6% ON light to modest

volumes … be back Sunday mi Amigos! 

… OUTTA HERE … “The future’s so bright I need 2 pairs of sunglasses 😎😎,

and my own Brinks armored truck” 💓!! … Onward & Upward!!

-vegas

SUNDAY UPDATE: THE BANANA REPUBLIC CANNOT SURVIVE

 

“Does it all die in 2024, or is the hoax carried on a few more years!!?”

I doubt things were worse for the Roman Empire, and the parallels between the

current Banana Republic and the Roman Empire are strikingly similar in scope

and magnitude … political corruption, rampant inflation, inability to control

borders and protect citizens, spiraling debt and last but certainly not least a

complete breakdown of moral imperative … if Trump wins in 2024 he absolutely

must “clean house” and destroy the “deep state” and prosecute Libtards

responsible for “open borders” … if he doesn’t and appoints lukewarm RINO’s

like his first term [Sessions, etc.], the country is over … and if Biden steals the

election once again, the country you think you know will be nowhere to be

found within 1 year … markets as we know them are nothing but propaganda

tools and one giant manipulative HOAX … it isn’t a question of “IF”, but only

“When” critical mass is reached and the country fails … it will happen out of

nowhere, come quickly, and many “experts” will say in retrospect it’s a

“Black Swan” event nobody could have foreseen … BULLSHIT! … all the signs

are there, not the least of which is spiraling debt and interest costs that only

keep going exponentially upwards … POLS & Apparatchiks cannot stop

spending and borrowing, nor do they have the will to do so … it stops when

nobody will lend any longer, and when the ChiComs get enough gold and turn

the Yuan into a gold backed currency pair, the end comes quickly.

Who knows if the U.S. has the 8,000 tonnes of gold it says it has … there has

been NO AUDIT IN OVER 70+ YEARS TO VERIFY, cuz the FED won’t allow an

audit … what are they afraid of? … well, we know the answer … the gold ain’t

there and hasn’t been for a very, very long time! … how does $32 TRILLION

DOLLARS OF DEBT [AND GROWING EVERY DAY!] GET PAID OFF?

… Easy Peezee: “it doesn’t, it gets inflated away into nothing!” … no country

in the history of the world has ever repaid debt, they all have inflated it away

into NOTHING OF VALUE BY DEPRECIATING PURCHASING POWER! … the

Banana Republic is no different, and will join Weimar, Venezuela, Zimbabwe,

and others when the time comes … maybe it happens in 2024, who knows?, or

maybe it goes a few more years … point is, IT’S GONNA HAPPEN!

In the history of the world, there always has to be a place where the monied Elite

can park capital and be reasonably assured it can thrive there … markets are

already shifting emphasis to other parts of the world, OR going DEFI

[decentralized] like crypto, to escape the clutches of greedy government to

control and cheat markets like they always have … and that trend is only

growing stronger into 2024 and beyond … you can feel the pure panic every

time they bash crypto, or accuse Dubai of harboring money laundering … what

they can’t control via manipulation, THEY SEEK TO DESTROY … another 10

years, and the U.S. will be lucky if there are ANY PRIMARY MARKETS LEFT TO

TRADE IN THE U.S.! 

Nobody wants or needs all of the bullshit the U.S. brings to the table, and traders

are already fleeing in droves, but you won’t hear about it from state run

Dumbberg or North Korean Biz news CNBC … they’re too busy spewing state

run propaganda for the Sheeple … they absolutely know what side of their

bread is buttered and dutifully toe the line … and when Saudi Arabia starts pricing

oil in Yuan, what then for the Banana Republic? … well, that’s easy to figure out

… if by chance Libtards are in charge, your wealth gets confiscated, and if not

consider “capital controls” … what then Skippy? … I’ve said it before and I’ll say

it again, “it’s better to be 10 years too early, THAN 1 DAY LATE! … diversified

crypto [held by you in a DEFI wallet in your possession] and PHYSICAL gold

held outside the reach of the Banana Republic … they confiscated it once in

1933, why would you think they can’t do it again? … I recommend “BullionStar”

in Singapore, the best place IMHO to hold physical gold, or other precious

metals … [HINT: take trading profits from your offshore account in Bitcoin, and

then buy metals at BullionStar via Bitcoin … a great way to diversify your

holdings and build wealth over time!] 

Like last week, the upcoming week will be Wednesday & Thursday [maybe Friday,

but I doubt it], and the world comes back on January 8 … not expecting a whole

lot of movement given the calendar, but we’ll see … directly below, this week’s

20 Day Range & Median values for selected markets.

click on table to enlarge

MATICUSDT & SOLUSDT continue to set the crypto space on fire, and one look at

their respective session ranges, and you’re looking at monster values in terms of

tick ranges … For the PAMM, I’m gonna start the year out in gold, although I’m

somewhat disappointed in NY session MA & MEDIAN ranges … hanging under

$20 with gold up at 2070 or so is embarrassing … that isn’t even a 1% range!

… we should be seeing 1.5% - 2.5% session ranges, which would be appropriate

given the price … there is the possibility it’s running lower cuz of the Holiday

season, so we’ll have to see how things shake out … still, gold is acting better

than FX, which I find like watching paint dry on a wall it’s so “Hoover Dam” slow

in terms of moving anywhere and in terms of corrective activity, which is

abysmal to say the least … for “The Syndicate” trading in MATICUSDT is about

as good as it gets … SOLUSDT as well … I’d be surprised if range values grew

substantially from here, but the good news is that we don’t need that … these

crypto markets act EXACTLY HOW YOU WOULD EXPECT THEM TO ACT IN A

FREE MARKET ENVIRONMENT … plenty of “pump & dump”, excellent

corrective activity, and a trading algorithm that models price behavior as GOOD

AS I CAN MAKE IT! … if you can’t make money trading these crypto pairs, then

you can’t make money PERIOD! … onto the week, I’ll be posting again on

Tuesday … HAPPY NEW YEAR EVERYBODY! 

… OUTTA HERE … “The future’s so bright I need 2 pairs of sunglasses 😎😎,

and my own Brinks armored truck” 💓!! … Onward & Upward!!

-vegas