FOCUS ON CRYPTO PAIR POLKADOT [DOT]

 

“Blockchain killer!”

While the world diddle farts around waiting for the Lounge Lizards to dazzle us

with their “unbrilliance” on Wednesday at 2 PM EST,  and traditional markets

chop around looking for an excuse to run stops, I want to focus attention on a

crypto pair that is MOAR! volatile than Bitcoin [BTC], is priced modestly [around

$42 - $49 today], can be traded on an “open order book” [OOB] platform at 3

decimal places [tenth of a penny], has an excellent tight bid / offer spread

[generally between 1 - 3 cents], can be traded in increments of 0.10 DOT, currently

as of today has a 20 Day Range MA = approximately $3.68 [that’s 3,680 TICKS!],

with today’s range [so far] $7.00+ [that’s 7,000+ ticks!], and last but certainly not

least, IT IS VERY CHEAP TO TRADE! [i.e., “gas fees” or commissions]

And if it will help you get through the mental block of crypto some of you have,

instead of thinking of it as a crypto coin, think of it as a stock [which it most

certainly isn’t!] like Apple or Amazon, only cheaper in price and a helluva lot

cheaper to trade, WITH LEVERAGE OF UP TO 50X … I hear the “wailing &

gnashing of teeth” from traders all the time about how gold, or anything in FX is

nothing but chop and is killing them … mention crypto, and they freeze with

horror, like they just crossed to the dark side … you wanna make money or sit

there and B.I. Itch? … I can understand people’s reticence about BTC, cuz it

moves so “Hoover Dam” fast in price … DOT actually on many days has a higher

percentage movement than BTC, and with the kind of ranges seen lately, it’s

“Hoover Dam” close to THE BEST TRADING COIN out there … certainly it’s right

up there at the top! … in the project I’m doing I mention the offshore brokerage

house I use to trade DOT, so those of you interested, you’re gonna have to wait

until I’m finished here in the next week or two.

It’s so easy to open an account at an offshore brokerage house that trades crypto

on an OOB platform … all you need is an email address and deposit some crypto,

and you’re trading … NO KYC and all the bullshit that goes with it … quite frankly,

I’m still surprised people understand so little about crypto … SOME FREE

ADVICE: “get your frickin’ head out of the sand before the entire financial world

passes you by, like what happened to most of you reading this when computers,

internet, email, and smartphones came along and you punted … then somebody

woke you the F up [thank goodness] … learn it, love it, live it or it leaves you in

the dust"!

They ought to call these “hurry up & wait” days to a FED meeting “bank scam

days”, cuz that’s all that is happening in markets across the spectrum … get

specs leaning one way, bury ‘em the other way, turn it around and play it again

… rinse, repeat, WTF is this besides a gigantic scam run by central banks, via

their virus scum BFF banks? … FX & gold the worst offenders, but “Stock

Bellies” not far behind … what an absolute joke this casino shitshow circus

has become.

GOLD

Fugetaboutit!

DAX40

An absolute joke of a market, especially around the European cash open.

GBPJPY

Nothing but a tiny range nightmare of chop, as the FED on Wednesday, and the

BOE on Thursday paralyze the trade … position squaring and scumbag LP bank

front running orders is literally all that is here.

CRYPTO

“Asia flies, the rest of the world dies” … well, at least for BTC, where all of the

action started at 2 AM EST, and by the time I arrived around 4, it’s been nothing

but straight sideways to lower … DOT, though, has been flying [7,000 tick range

so far and counting!] and starting tomorrow I’ll be trading some DOT [hopefully],

right along with BTC for “The Syndicate” … GiddyUp!

Another Monday of pure bullshit for traditional markets, as scumbag banks do

their very best to put every market through a meat grinder, chopping up orders

like only they can, with small ranges and spikes from Hell that go nowhere … and

it’s only Monday, and my guess tomorrow then Wednesday up ‘till 2 PM EST is a

complete shitshow of nothingness … we’ll see … NO trades for the Turnkey

PAMM today, as there simply is nothing to do … 8+ hours in GBPJPY and we got

a 69 PIP range for the day, a full 50% under the 20 Day Range MA … gold & DAX40

are a waste of time, unless you like to lose money to banks … I don’t … these

markets are shit … thanks FED, thanks manipulators.

No trades in crypto either … BTC doing EVERYTHiNG range wise to the upside in

the last 2 hours of the Asian session … since then nothing but drift lower … “do I

have to move to Thailand FFS”!! … simply terrible trading action in BTC, where

the “chop” has been horrendous watching it … drift, drift, and drift some more

with an occasional spike that goes nowhere but cleans out some stops … trading

action in DOT much better and it’s a big winner up about 15% on the day … you

have to go back into Summer to see BTC act this badly, when it was down in the

30,000 - 35,000 area … just horrible, shit conditions.

… outta here before I hurt myself or toss the computer in the ocean … “the future

looks so bright, I need sunglasses”!😎

… Onward & Upward!!

-vegas

BELIEVE ME OR YOUR LYIN’ EYES

“What’s the difference between the two? … ABSOLUTELY NOTHING!”

There it is right in front of you … pics & video of pure hell wrought by

incompetence, hubris, stupidity, and political correctness on steroids that got

people killed for no reason, and Preezy Idiot Boy proclaiming great success that

the world has never, ever seen … delusional much? … the only thing more surreal

than one of his pressers, is the one he did before the last one and lied through his

teeth … oh wait, I forgot, his handlers think you’re too stupid to notice!

“OK Mr. Market, it’s September now … come out, come out wherever you are”!

… and once again, it’s hard to put into words how pathetic FX is, with literally

ZERO movement overnight … ADP numbers [private jobs] on tap at 8:15 AM EST

[New York], so maybe it’s “hurry up & wait” ‘till then … I dunno, we’ll see … word

coming out of the OPEC+ clown show sees nothing new so far, so oil is quiet.

Major sigma miss on the ADP, and the other econ data mixed … and from that,

you get the microsecond explosion higher by about 20 PIPS in Cable, followed by

the slow crawl of the fat kid climbing a steep hill … “somebody tell me FFS,

where’s the “Hoover Dam” trading? … cuz all I see is tiny m1’s and something

more akin to wheat spreads … WTF is this”? … EASY PEEZEE: “this is what

happens when there’s no spec flow … there isn’t anybody trading this shit

… they’ve all left! … and what you’re left with is scumbag banks and institutional

order flow, much like what you see in “Stock Bellies”, and the results of that are

1) tiny range m1’s, 2) straight up/down moves, and 3) no decent range cuz there

is no spec flow … meanwhile over in crude oil, Turnkey’s LP had decided it has

to offer us a 6 cent spread … “are your “big girl panties” all wadded up”? … what

a fucking joke … and then on the bigger draw in crude stocks, just cuz they can,

the spread jumps out to 12 cents cuz they’re fucking thieves … simple as that,

sorry I can’t sugarcoat it … always and forever looking for ways to gouge

accounts any way they can.

So, summarizing the bullshit in Cable today … a 20 PIP range before ADP

… ADP is released, and a microsecond later Cable is 20 higher on the sigma

miss in private payrolls … and then the rest of the day a 20 PIP range of pure

scumbag bank bullshit, inside a tiny “Flying Wedge of Death” [FWD], where it

can’t break or rally except for  few PIPS before the dreaded spikes from hell take

it the other way quickly … and there’s your day! … as I said, this is what happens

when ANY MARKET HAS NO SPECS TRADING IT! … and then there’s oil, which

of course ain’t gonna happen with an outrageous spread of 6 cents the entire

day … almost into the New York afternoon and oil hasn’t moved 30 - 35 cents

for an hour+, & these scumbag thieves still want a 6 cent spread … “hope you

assclowns enjoy all that trading revenue from ZERO TRADES”! … this is so

frickin’ pathetic.

I was here ready to trade … too bad nobody cares in FX, and for all intents &

purposes, Turnkey’s crude oil LP basically said, “yea, fuck it … we don’t really

want to make any kind of market, but if you want to hand us money, we can do

that” … gee, thanks! … OH, HOW NICE OF YOU! … now, as the day winds down,

here comes the Turnkey LP offering a spread in crude of 2 cents, just like that

… Amazing isn’t it, I guess one of the managing partners at the LP took a look

at the revenue run for the day, and his head probably exploded all over computer

screens! … OK, better late than never I suppose, but WTF is it of any use now

today? … the frickin’ day is basically over you idiots! … any chance you guys

are advisors to Preezy Idiot Boy? … most days, you can’t make this shit up and

have anybody believe you’re not insane! … well, there is tomorrow, so we’ll see

what new adventures in trading hell they can dream up.

For a while now, I’ve been watching and tracking USDCAD … it’s 20 Day Range

MA is more consistent [and HIGHER!] than Cable, and it’s a North American

market, so most of its movement happens between 6 AM EST - 4 PM EST … but

the most important quality it has is IT TRADES, and quite frankly the

“Loonies up north” don’t manipulate it much like the BOE, ECB, & BOJ do with

the top 3 … tomorrow sees me in CAD, up / until / when [if ever] Cable, EUR, &

Yen decide to trade … I’m sick and tired of being sick & tired of watching

“grass grow” in the European session. And while not as much as it used to be,

CAD also correlates with crude oil to an extent, so there’s that as well … a nice

“tie in” if you will … but if you look at the M1’s in USDCAD, you’ll notice a very

big difference than what you see in Cable / EUR / or JPY

… “yea, it’s called TRADING”! 

Like I said, I suppose it’s better late than never, but the Turnkey crude oil LP cost

the PAMM “”bigly & yuge” today … down at or very near the lows of the day, some

nice buy signals from the trading algorithm … and while I’m not pissed at Turnkey

per se, cuz they don’t set the spreads, they’re the ones who decided to hire or use

the assclown who is the LP … unless you get in their face and tell them you’re

costing us money, and instead just sit there and do nothing, which I’m pretty sure

is what they do, then you aren’t entirely blameless in this clusterfark either … and

I’ve told them this a million times, I got more important things to do than B.I. Itch

at you about spreads, so WTF don’t you do something about it? … who knows

how it went down, or even if they had some kind of conversation with them, but

about an hour after I went “orbital” with Turnkey, all of a sudden here comes the

competitive spread back … coincidence? … I dunno … I think it’s more likely

somebody who runs the LP noticed there ain’t any oil revenue taking place

… “well, no shit Sherlock, do we look that fucking stupid”? … but anyway,

one day does not a trend make, so I’ll hold my wrath for now … tomorrow is

another day.

Crypto on the other hand started out slowly today, but ETHUSD is going nuts to

the upside … up over 10% as I write to the $3700+ level … as I’ve said before,

IMHO this is the crypto pair to be in to HODL going forward, and for

“The Syndicate” part of our profit structure holds ETHUSD … BTC coming along

for the ride to some extent, but today’s trade being driven by ETH.

NO trades today in anything … for the PAMM cuz of the reasons outlined up above,

and for “The Syndicate” I’m in the process of adding some family funds to the

kitty … we’ll be up and going soon enough. 

… outta here … “the future looks so bright, I need sunglasses”! 😎

… Onward & Upward!!

-vegas

 

SUNDAY UPDATE: “MI CULPA”

“Uh Oh! … time for a “big girl panties” check! … Yup, OK!”

If markets don’t keep you humble, nothing ever will … and last week we saw shit

I’ve never seen before in FX, and I’ve been around since the beginning of modern

financial markets that started in the mid 1970’s - early 1980’s … last week I

showed the “quadruple reversal” in the European session for EURJPY … never

seen anything like this … in addition, though, we got a “triple reversal” [at the

same time] in GBPUSD … that M30 candlestick chart directly below, with

commentary. 

click on ANY chart or table to enlarge

I’ve never seen a dollar pair have a “triple reversal” during the FX day, much less

confined to an 8 hour period that coincides with the European session from open

to close … not saying with 100% certainty, but I don’t ever recall seeing it, and

quite frankly my “big girl panties” haven’t been this “ruffled” since the great

October 1987 crash in stock index futures … all the result from  Spicoli’s J-Hole

speech … wait, wut?! … yea, no shit “wut”, cuz in the history of trading there have

been a whole lot more important & earth shattering events, than this Doofus

spitting out bullshit from Wyoming … and it’s this one that markets go completely

bat shit crazy and set new records of chaotic insanity? … OK, well I’ve for sure

seen it all now [until next week or month when the proverbial freight train down

the mountain, out of control and filled with plutonium, plunges off the tracks].

And quite frankly & I got no problem telling people this, it “shook me up some”

… no, it didn’t make me a “deer in headlights”, but at the same time when I see

shit that’s never happened before, it makes me 1) very cautious, and

2) wondering when the next shoe drops for more of the same … AND THIS IS

IMPORTANT! … this is all a manifestation of central bank manipulation attempting

to control volatility and ranges in FX since 2015 … and when even they realize

they’ve lost control and SHTF, they back away and VIX & IVIX literally explodes in

their stupid, hubris filled faces … and then to make matters worse, they sit back

and then say, “hey, no worries, we have the solution”! … FFS! … the revolution

can’t come fast enough to see these Dipweeds hanging by their ankles from trees.

As a result of all of this, late last week I decided to sort of revamp the Sunday

blog, and instead of focusing on one particular FX pair, give the table of the most

popularly traded markets on the MT4, whether futures or CFD’s, and list IVIX

INDEX levels for these markets so people in the PAMM / MAM can see & compare

volatility levels and UNDERSTAND why I do what I do … directly below, the IVIX

INDEX levels, and please read the notes.

It’s important to note, that I have leveled the playing field for these markets so the

numbers are comparable to each other, but I want to emphasise that when you

compare markets outside of the space they trade in, you have to be cognizant of

bid/offer spreads AND slippage … none more so than in stock indices, where if

you go past more than a 2 lot volume CFD, the slippage exponentiates quickly to

horrendous levels … sure, the NDX100 & DAX30 look great on the surface, and if

you’re trading a 1 lot volume CFD, I don’t blame you for trading these markets

… but they have ZERO LIQUIDITY, simply cuz the scumbag LP banks or HFT’s

pretending to be a “liquidity provider”, are nothing of the sort … they don’t have

to make an honest market, and at bigger volumes than a 1 lot or 2 lot, they most

assuredly won’t … I have listened to all of the lies & bullshit they have promised

over the months & years, and guess what? … right, it’s ALL bullshit & lies … they

will tell you anything to get you to continue to punch the buy/sell button so you

trade and they can steal more money from you … so, unless you’re willing to trade

futures, emini’s or e micro mini’s [PAMM / MAM aren’t allowed to trade futures],

there isn’t any hope ANYWHERE from any of the offshore brokerage houses that

offer CFD’s … they all use the same scumbag banks and/or HFT’s [BlackRock,

Citadel, and/or Virtu], so you will suffer the same results no matter where you go.

Looking at the metals, you’ve just entered another universe of terribly rotten

bid/offer spreads AND unbelievable slippage … quite frankly, the message here

from the “liquidity providers” [hang on while I puke … OK, better now] is simple

… “we’re not gonna let you scalp and “pick us off” during the day zillions of

times … that’s our job for you! … so, you’re gonna need at least $1.00 to a $1.50

gain from your position to insure a profit when you click the liquidate button, cuz

we’re gonna widen the spread and throw in “triple fuck you” slippage cuz we can

… don't like that? … too bad, them’s the rules”.

That puts us solely in the FX space, where last week my biggest disappointment

was in seeing Turnkey basically double the bid/offer spread in GBPCHF right out

of the gate on Sunday night and never looking back towards a spread of 1 PIP… I

dunno, whaddaya do? … EURGBP this past week another big disappointment with

severely restricted ranges … the Yen crosses came alive, but so what? … sure,

you get to take the dollar out of the FX equation, but when they all move in the

same direction, the crosses suffer and the dollar pairs shine … only if the YEN

comes alive again can the crosses be counted on in the same breath as the dollar

pairs … is YEN volatility coming back? … I’ll believe it when I see it, and until then

won't believe it will … the BOJ says [as if they’d tell the truth, but whatever]

nothing is gonna change with Abe’s resignation … only time will tell.

Looking closely at the IVIX INDEX tables, my “mi culpa” is simply this … “the fog

of “never seen this before” got in the way of clear judgement on Thursday &

Friday, and I should have been making a fortune in GBPUSD … instead, I’m

jumping around looking at dollar pairs and assorted crosses, and clearly the IVIX

INDEX levels are in favor of trading Cable over anything else in the FX space … in

any metric you want to look at, during the entire week and over different time

frames, Cable beats the pants off any other pair, and with a bid/offer spread AT

OR UNDER 1 PIP, the only other pairs that offer this are EURUSD, EURGBP,

EURJPY, & USDJPY … everything else is GREATER THAN 1 PIP for a bid/offer

spread … only EURJPY comes close, but even it lags badly when compared

simply to Cable levels … so, I get to sit and eat a big helping of humble pie while

markets move, the algo shines, and I sit … opportunity lost, but opportunity is

infinite, so buckle up the “big girl panties” [making sure they’re clean & freshly

washed], and move onto Monday and the start of the week in Cable”.

… until tomorrow … Onward & Upward!!

-vegas