“More real life than you can possibly imagine!”
There’s only “liquidity” at the top or bottom … in between, it’s nothing but a
“circus shitshow” of panic … panic cuz you can’t sell your losers, or panic cuz
you can’t get long without paying up, and the FOMO [Fear Of Missing Out] effect
kicks in … in other words, it’s panic city both ways, and without the benefit of
order flow and/or knowing what the intentions of the “Plunge Protection Team”
[PPT] is, it’s like trying to catch falling knives from airplanes at 35,000 feet
blindfolded … got any fingers or hands left? … and the only group that has that
info are the scumbag banks.
There exists this “delusion” among the vast unwashed of dopes that wander
‘Murica, that everything is smooth & linear when it comes to trading … when in
fact it’s highly fractious, discontinuous, and far worse than anything you laugh
about in “Trading Places” … in other words, trading has nothing to do with
“fun-durr-mentals”, and all the shit you’re force fed in B-School is nothing but
lies & deception to make you a fucking “worker bee” and nothing else … “oh, you
wanna be a trader? … how nice … now forget everything you’ve ever been taught
by anybody and listen up! … and quite frankly, “Hoover Dam” few take the advice,
and it’s why so many so called highly educated people get slaughtered when
trying to “think” their way out of a jam [read losses] and instead try and apply “on
the fly” logic to something where logic has no place whatsoever … you decided
to go down the “rabbit hole”, and the rules down here are far different than up
there … tried to warn you, but you don’t listen, cuz maybe you think, “well, how
hard can it be? … I mean, he’s doing it, he’s been successful, and I’m smarter
than him, so yea I’ll give it a whirl … can’t be that bad, right? … and then all of
the bad habits you picked up that worked, come back in spades to destroy your
ass cuz you don’t really understand the process like you thought you did”!
And one of the first things you “learn”, is that liquidity is like that pretty girl
everybody wants to date in college … you don’t really know her until she doesn’t
get her way, and only then do you find out who she really is … how many of us
have learned that lesson? … life imitates trading, trading imitates life … welcome
to life down the “rabbit hole”! … then, as if that’s not bad enough, you get to deal
with brokerage houses & scumbag LP banks who are nothing but career
criminals dressed in white shirts … their job is to make you think they’re doing
you a favor at every turn, and then “pick your pocket” without you noticing, cuz
whaddaya gonna do over getting hosed by $1.98?? … and then on top of all this,
you get to do this everyday … so if somehow you think there’s any “luck” to this
process, then do yourself a favor and come to the conclusion quickly, cuz you’re
sincerely fucked if you continue.
In any market, whether it’s gold, pork bellies, FX, or stock indices, the name of
the “game “ is to buy at “1” and then sell it at “2”, not the other way around, and
in order to do that, you have to know the “what’s what” for that market … what
makes it “tick”, who are the big players, what is their M.O., how does price move,
and who are the manipulators I have to watch out for that can cost me my
account if I’m careless? … “oh, don’t know this”? … better find out or simply mail
me a check! … any dope … yes, every family has one, so think of him/her … any
dope can take chips and shove them to the middle of the table … problem is, all
of us only have so many chips.
Again today, I’m seeing really chaotic trading conditions … Europe has puked
mightily earlier this A.M. … the bounce off the bottom has the classic symptoms
of a bottom [for now], but spates of selling still have to be worked off … it remains
to be seen if retail spec selling hits the NYSE open, or whether the morons at the
“Plunge Protection Team” [PPT] send a clear message to shorts and those who
have sold already .., right now, 3 hours before the cash open, I’d say it’s a 50/50
proposition … we’ll see.
Another completely scam NYSE open again today, as the PPT looks to entice
Chumps back into the market with a rocket blast higher at the open … “no
worries, we got it covered, everything is fine now … honest … no kidding
… c’mon back in everybody”! … what does a real market look like anymore?
… Bueller? … Bueller? … this is exactly what this market didn’t need in order to
recover, cuz all they did was waste “buy fuel” … what a bunch of fucking dopes.
Quite frankly, this is an absolute fucking joke in stock indices … outside of the
1987 crash, and that’s considering everything between now & then, which I’ve
seen first hand, I’ve never seen more fucked up quote boxes, market
disorientation, and panic both up & down, quite what I’m seeing these last 72
hours … and you can thank the complete & utter morons sitting in the faculty
lounge for all of this bullshit … this is their handiwork … this is a disgrace to
anything even remotely close to what anybody would call a “market” … and of
course, right out of the box, FX CHOICE doing what they’ve done since last
Wednesday, which is PRETEND to make a market with bogus quotes. The latest
iteration directly below.
“Yes, you to can overpay to trade and hand free money to scumbag banks”!
And what you’re seeing the first hour is nothing more than PPT horseshit, shorts
panicking, and in trader terminology, the proverbial “Dead Cat Bounce” … all to
suck people back in and give them the “all clear, everything is fine now”, Dr.
Joseph Goebbels speech at the Reichstag … “who you gonna believe, you’re
lyin’ eyes or the PPT”?
Cuz you know, after going down 2,000 DOW30 index points in 48 hours, nothing
makes more sense than the market going straight up, right? … “I can see the
moon Alice, how about you? … Dow 30K by Friday”! … and the sad part is, there
are actually people who believe that … like I said, all manipulation and nothing
else … read the manipulators and you win, it’s as simple as that … this is truly
criminal by historical standards, but nothing is ever going to change unless
there’s a revolution and the FED is banished to hell where it belongs … until
then, the money laundering NYSE scheme will run just as it always has … there’s
a way to win, and my almost new e-book explains how … stay tuned!
We’ve hit “peak stupid” this afternoon in terms of trading conditions in the
DOW30 … when I’m showing 50+ index point ranges on M1’s, it’s time to back
away and leave it the hell alone … I’ll remind you, today’s action was “F’d up”
right out of the gate by the PPT, so the market is “skewed” in regards to its
internals … would have been far better to have it open lower and “flush the
toilet”, but no can’t have that … instead they bang it higher and this afternoon
you see the result, a “‘tad” off the high of the day by 500+ points and counting
… what utter dipshits we got running this country.
One really good algorithm buy signal today … TURNKEY PAMM / MAM UP 0.3%.
It set up perfectly according to the algorithm … over at FX CHOICE the same
bullshit we’ve seen lately with horrendous slippage, although later in the day it
looked like conditions had stabilized, BUT IN FACT GOT MUCH WORSE … how
much worse? … worse to the tune of getting bent over a railing 10 index points
getting in, and then seconds later 25 index points when it turned … a basic
scratch trade loses over 35 index points … “yea, fuck that”! … bottom line is
this: I’m no longer recommending FX CHOICE for anything, least of all trading in
the DOW30 … I’m finished with these assholes … not going to ever trade here
again, simple as that … I can only speculate as to what has happened to them
the last week, starting last Wednesday, and I got my theories, but inside of a
week they’ve come unglued with some of the worst order boxes for bid/offer
quotes, and slippage that would make Vito Corleone blush, right along with
increased latency on fills by at least half a second … none of this is good or
acceptable, and the deciding factor to leave them, is the fact they think nothing
is wrong, even when presented with evidence to the contrary … so fuck ‘em,
cuz I don’t need this shit.
For those in the FX CHOICE PAMM / MAM, it’s super cheap & easy to come on
over to the TURNKEY PAMM / MAM … simply 1) go to Turnkey and open an
account, 2) choose to deposit with BTC, 3) they will then give you the e-wallet
address to deposit BTC into, 4) go to FX CHOICE and withdraw via BTC, and
5) use the Turnkey e-wallet address to have your BTC sent into … Turnkey will
convert the BTC to dollars automatically when they receive it … you will need
to download and sign the POA over in “Download Links”, and you can use
Adobe Reader to do that … once the transfer has been complete, you can send
Turnkey the POA and everything is done … any questions, use “live chat” at
Turnkey and they’ll walk you through things.
I don’t like to have to do these kinds of things, which is basically flushing
houses down the proverbial toilet, but they don’t leave you much choice when
they start overtly hosing you, give you nothing but bullshit for excuses, and
have no solutions while they make money off of you … screw that. As I’ve said
before, dealing with brokerage houses is a royal pain in the ass, and they
almost never level with you about anything, so the only thing you can do is keep
your eyes firmly planted on spreads, fills, and slippage … and when SHTF, if
they offer nothing but the usual “duh, market conditions, duh!” bullshit, it’s time
to walk cuz it’s not gonna change for the better.
Having said all of that, trading lately with Turnkey has seen excellent trading
conditions, not only during the NYSE day but overnight as well … and not just
in the DOW30, but in gold as well, which has really surprised me … and quite
frankly, if they can just keep it the way it is now, I’d be a happy camper! … all I
want is “fair”, I’m not asking for perfection or special access or privileges … just
don’t fuck me and then pretend nothing happened … with a new set of LP’s, and
so far a commitment to reach out to me and be available at any time with
problems via their managing partner, they’ve definitely turned the corner and I’m
happy to be back in their fold and recommend them again … all I can say is that
I watch them all [brokerage houses] closely, and let’s hope Turnkey stays like
they are now for a very long time to come … cuz quite frankly, I love to trade
gold, and having to leave it last Summer cuz they refused to make an honest
market in it, was difficult to say the least … at the time, I was completely kept in
the dark, so by Fall I had no choice but to walk away … why they can’t just call
you up on the phone when they have your number and tell you, “hey, things will
be changing soon, cuz we’re getting “this & that”, and switching to new LP’s,
and all the other “blah blah, yada yada” that was going on, so please just bear
with us for a while … we hear you, just hang on a bit” … but no, they leave you in
the dark, and you have no idea what the real deal is, so whaddaya do? … well, if
you have any brains, you walk!
Like every brokerage house on the planet, Turnkey doesn’t have the #1 trading
conditions in EVERY MT4 MARKET … guess what, nobody does … in my new
e-book, I lay out the 3 brokerage houses I recommend, which are TURNKEY,
CRYPTO ROCKET, & PRIMEXBT, and which markets they each are the very best
… for my purposes, which are the DOW30, maybe the SP500 and/or NDX100, and
spot gold [XAUUSD], there is no better place right now than TURNKEY … and
with excellent trading conditions 24/5, there’s no reason I have to limit myself
with simply the New York session, cuz as we’ve seen over the years in especially
the gold market, New York isn’t exactly the best time to be involved 100% of the
time … and quite frankly, nobody cares which part of the day I trade to make
money for them. So, look for more trading in gold starting ASAP, and much less
trading in the DOW30, cuz the stock indices will need a very long time
recovering from this debacle they’re in right now … a very long time. Meanwhile,
with the necessary trading conditions in gold [finally] in place, and the condition
of governments everywhere towards fiscal ruin via fiat, gold looks to be one of
the few markets actually trading reasonably well … sure, there’s the “Rally
Protection Team” [RPT] to keep an eye on, like the “fat finger” yesterday, but
overall conditions are very, very good … all that was missing was proper
conditions, and now that’s fixed … let’s hope it stays this way!
So, for everybody in the TURNKEY PAMM / MAM, or those thinking about joining,
I’m going to do my best to make triple digit returns in the PAMM in 2020 … hang
on mi amigos, this is gonna be fun … we have the markets, we have the
algorithms, and FINALLY … FINALLY!, we got the brokerage house with the very
best conditions [yes, I know, it took long enough, but they’re here now]… and
with the Mrs. money in the PAMM, it’s either perform or sleep with the dog
… what other motivation does anybody need?
… until tomorrow mi amigos … Onward & Upward!!
Have a great day everybody!
-vegas
