CRYPTO CASH / CRYPTO PERPETUAL FUTURES

 

“Upon receiving your futures stop order fill!!”

It’s one of the “bigly & yuge” advantages of “arb scalping” crypto at IQCENT

… the horrendous buy/sell stops seen in perpetual futures ala Phemex, aren’t

participated in by the IQCENT LP … that tells me they use the cash market for

hedging / laying off risk exposure, and filling our orders … the only difference

between the LP and us, is that they “arb scalp” for less than we do, and they

do sells as well as buys! … and it’s why I tell people, NEVER PLACE A LIMIT

OR STOP ORDER IN AT IQCENT.

Crude oil too hot for my tastes … quite frankly between m1 candles that go

30 - 50+ cents in less than a minute, then throw in the scumbag LP in oil that

blows the spread out to upwards of 5 cents, I simply give up on oil … if you

want a bullshit market where you’re behind the 8-ball constantly, then trade oil

… today the “Thugs & Dictators” that run OPEC having some buy/sell fun I’m

sure … I’ll have some answers for the PAMM tomorrow … No trades today,

thank you very much scumbag LP that thinks I’m stupid enough to trade a 5

cent spread … GFY!

Crypto simply D.E.A.D. … ETHUSDT over the last 8+ hours has a $20 range

… “arb scalps” slightly there, but in this tight of a range there isn’t much at the

table to eat … very scarce … “The Syndicate” barely making anything, we’re UP

FRACTIONALLY … big whoop … onto tomorrow.

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

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

-vegas

TRADING “THUGS & DICTATORS” MARKETS

“Forget school … your real world education starts right here with this market!!”

How often have I said on the blog, that if crude oil could ever get a STEADY &

CONSISTENT 1 - 2 PENNY BID / OFFER SPREAD, I’d drop everything else and

trade it? … well, knock on wood just in case & throw some salt over your

shoulder, cuz I think Coinexx has finally found a single HFT LP, or maybe a small

group of ;em, and for over several weeks stretching into months with decent

price movement, has kept the WTI bid//offer spread fairly consistent at 1 - 2

cents per bbl. ,,, sure, there’s the occasional news report or oil inventories that

sees spreads go out for a couple of minutes, but that happens everywhere in

everything, so that shouldn’t be a surprise.

Blow off to the upside last night starting with Mrs. Watanabe & Gal Pals, and that

has led to a massive reversal down [so far] of about $2.50 … and while demand is

rather inelastic, although slowly growing especially in Africa, OPEC+ learned its

lesson about excess inventories with the COVID hoax, and so the

“Thugs & Dictators” that make up OPEC+, including Vlad & crew, keep a sharp

eye on supply and are making sure the world knows supplies are very thin

… they ain’t gonna get caught again!

But, like all good things in “theory”, there’s the practical side of things, and on

the practical side of things you have the fucking thieves at Coinexx who control

the execution of the theory … and quite frankly, THEY SUCK … “I KNOCKED ON

WOOD! … it didn’t work! … it’s all an illusion, an elaborate show for the unwary

… Fuck that! … that 1 - 2 penny spread that’s quoted, is nothing more than a

bullshit “variable bid/offer spread game” … with delays in latency which is

inexcusable unless you’re looking to screw somebody, the actual spread is

somewhere between 3 & 5 cents, sometimes more if the market is moving and

you want in or out … well, that was quick and there’s nothing to do but move

over to DOW30 where the spread is 2 index points, and has been there for quite

a while … welcome to trading when you’re dealing with crooks & thieves, and

trying your best to figure out where you get screwed the least.

And speaking of crooks & thieves, none better than the manipulators over in

“Stock Bellies”, so the “Thugs & Dictators” crown works there as well in

describing the FED Lounge Lizards and the “Plunge Protection Team” [PPT]

… nobody but nobody beats the Banana Republic when it comes to corruption,

money laundering, and of course manipulation of financial markets.

The “big IF” in moving PAMM trading over to DOW30, while we wait for gold to

someday get its shit together, is the amount of slippage on fills from most likely

“bogus / phantom” bid / offer quotes from Coinexx … we’ll find out, but it can’t

be worse than what they stuck us with on the crude oil trade … simply thieves

who should be in jail, but we already know how that story goes and plays out.

One trade in crude oil today … PAMM UP FRACTIONALLY … what an absolute

butchering of entry & liquidation, proving beyond all doubt what a scam 1 - 2

cent spread pricing is at Coinexx … over at IQCENT, “the Syndicate” grinding

out shiploads of EURUSD trades, and we’re UP APPROXIMATELY 0.4% on light

volume … onto tomorrow.

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

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

-vegas

IS THERE ANYTHING BETTER THAN COACH PRIME? [HINT: NO!]

 

“In the sick society of the Banana Republic, a breath of needed fresh air!!”

In the twisted, sordid world of everyday Banana Republic bullshit, aided and

abetted by nonstop propaganda from state run MSM, nothing escapes the

watchful eyes of the gerontocracy running politics to sports, and the way the

“good ‘ol boys” want the club to be run … “there’s this club, and you ain’t in it!”

is the official mantra of the ruling class … and nowhere is this more pronounced

and enforced than in college sports, especially high stakes college football

… run by the Gestapo like NCAA, more polluted & corrupt than Libtard Nation on

steroids … we now have the “Power 5” conferences, where the big money is

doled out, and along comes “Prime Time” Coach Deion Sanders to throw a

“bigly & yuge” monkey wrench into the equation … oh, the “haters” are there,

cuz what upsets them more than anything is the impact Coach Prime 1) already

has had in recruiting, and 2) the fresh blood he brings to the table upsetting the

“good ‘ol boy” network of coaching that sees tired retreads get hired over

qualified minority coaches from places like the HBCU network and FCS division

schools … can’t have that!

From where I’m sittin’, if I were a parent of a highly talented football recruit

[4 or 5 star], I would most definitely want my kid to be under the guidance and

direction of Coach Prime … everybody in this world has sin and has sinned

many times … nobody is perfect, but there are people who truly stand above

others in terms of moral character, work ethic, discipline, and focusing on

achieving your goals in life … look at Coach Prime and then cast a glance at a

complete bumbling, lying, hypocritical crook like Joe Biden … who would you

like your kid or grandkid to emulate and be like? … the question answers itself!

Turning to the “Slots-A-Rama” pavilion inside the world’s most corrupt casino,

4 day vacation is over, and it’s back to figuring out what the manipulators want

to do this week … well, the “Thugs & Dictators” in OPEC+ have spoken … Russia

to cut production and Saudi Arabia to leave production cuts in place through year

end … apparently, it’s “fun” to put the screws to senile Joe Biden and the U.S., so

where is inflation headed now? … oil immediately jumps $2 in less than 100

seconds, and like clockwork the Coinexx oil LP or LP’s decide to blow the oil

spread out to 5+ cents … “thanks assholes!” … oil now settled down some, and

the spread is back to 1 - 2 cents … historically, oil has a habit of the “Thugs &

Dictators” doing shit like this to trap shorts, then stand at the top of the blow off

and “sell, Mortimer, SELL!!” … you just never know when mistress demands for

shopping can call for a quick $2, $3, or $5 million dollar shopping spree in

Switzerland [or Dubai] and you need some handy cash! 

Just remember, just cuz they “call for” a production cut doesn’t mean there

actually will be one … “Thugs & Dictators” may be thugs & dictators, but they

ain’t stupid and they know how to play the West when it comes to markets … Vlad

& crew have been doing it for decades, and first started with gold back in the 80’s

when he was KGB Grand Poohbah … I can assure you he was long oil before his

oil minister strode to the microphone! … he is the master! … and I’m sure, he’s

moved on to energy but will “play” gold when the time becomes

appropriate again.

Oil supplies are very tight … in fact, the world is drawing on inventories to meet

demand … as one said over on ZH, Biden weaponized the dollar, and now the

Saudi’s & Vlad are weaponing oil … and while “Taliban Joe” has done a

wonderful job of depleting the SPR, here’s what he’s done to oil rigs operating

in the U.S., as the graph below shows.

click on chart to enlarge

That’s some record for the worst Preezy in U.S. history by a long shot … the

happiest guy in the world is Jimbo Carter, where Biden makes him look like

Einstein … in case you haven’t noticed, the Banana Republic is in deep,

deep  trouble.

Meanwhile, gold looks like nobody cares or is giving it any respect at all … the

Rodney Dangerfield of markets! … what a pathetic trade today, now into the

New York afternoon with a $13 range … $8 for 8+ hours of nothingness!

… seriously, can it get any worse for our favorite pet yellow rock? … and what

the Hell has happened to crypto? … this is like “nuclear winter” all over again

… “Stock Bellies” doing NADA, where the DOW30 has barely moved since the

NYSE open … the oil shock news from Vlad & his best bud in Saudi Arabia, and

some new highs for the year in USDJPY … other than that, nothing to show for

any trade on the board … another “stink bomb” Monday after NFP Friday, the

second worst trading day of the month by far … what did we do to ever deserve

shit like this?

Oil blown apart cuz of the news, and it skews the shit out of all of our algorithm

parameters going forward today from the news release … it sucks up and

destroys buy and sell fuel cuz of the panic, and quite frankly there’s nothing

worse than trying to trade a market that is in panic mode … up or down, the

dynamics change, and change drastically … it’s like a football team that is

always used to being up in the score, and then they run into an opponent and

find themselves down 21 points going into halftime … the emotions will be vastly

different, and their response will most likely show some form of panic, like trick

plays or fake punts … very hard to decipher! … so it is with oil today, but the

good news is that the trade looks and feels vibrant going forward … gold so far,

not so much.

“Stock Bellies”, at least the DOW30, finally pukes lower … I guess traders finally

figured out sharply higher oil prices and resultant inflation ain’t exactly good for

“Stonks” … not that the cult members of the NDX100 care, cuz as we all know,

tech “Stonks” and “AI Stonks” like NVDA can only go higher no matter what

… won’t it be something when that bubble finally goes “POP!”

No trades in anything today … looking for better conditions tomorrow & beyond

now that we’re outta Summer … today was a “one off” from oil news … regular

weekly oil inventories tomorrow from the EIA at 10:30 AM EST, while tonight after

the close @ 4:30 PM EST, API gives its inventories of crude oil … should be a

good trading day tomorrow barring any news items that ultimately affect oil

… you just never know! … onto tomorrow.

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

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

-vegas