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

DON’T MAKE MOUNTAINS OUT OF MOLE HILLS

 

“Trading is SIMPLE! … I never said it was EASY!!”

Before we get to actual trading, a few things need to be said … 1) traditional

financial markets are RIGGED, MANIPULATED, & SKEWED against specs

… 2) trading platforms are dishonest and a disgrace to the concept of trading

anything representing a “free market” … and 3) liquidity providers [LP’s]

everywhere, no matter the platform or house, are scumbag thieves and crooks

and belong in jail … their sole purpose is to enrich themselves at your expense,

and they all employ to varying degrees very sophisticated mathematical

algorithms to trip you up into losses … they understand spec psychology better

than you know yourself, and most likely you never realize you are constantly

being enticed into psychological reactions you don’t understand or fully

appreciate.

I’ve written at length about “arb scalping”, which is only available with LP’s that

are not on the MetaTrader MT4 or MT5 platforms … you are completely at the

mercy of a scumbag LP for a bid and offer, without knowing whether or not it’s

legit or bogus … most are “BOGUS” / phantom bid/offers, and you have ZERO

chance of ever getting a fill near them … under the surface, the LP is skimming

the shit out of markets worldwide, and you end up getting the worst bid/offer

imaginable WITH SLIPPAGE TO BOOT! … it’s called life at the bottom of the

MetaTrader totem pole!

Open Order Book [OOB] platforms are only available in crypto, but are just as

susceptible to abuse from “arbs” [SPOOFING ORDERS] and “Whales”

[RUNNING STOPS], and most of the time that depth of market you’re looking at

is a complete joke … again, manipulation at the highest psychological level

known to humans, and the “spoofing” bullshit that goes on here is legendary

… bid/offer spreads are about as tight as tight can be, with the problem being

“gas fees” [a/k/a commissions], which are “high” to say the least … then we

encounter places like IQCENT, which have the OOB tight spreads, and also

have ZERO commissions … it begs the question of “how do they make their

money then?” … EASY PEEZEE: “they split slippage & thievery with the LP

[Thompson Reuters], and probably sell customer account information to boot

for extra income [nothing personal, just trading info about you]”.

I mentioned briefly the other day about “anti” scalping measures LP’s employ

against specs … 1) the bid/offer quote doesn’t correspond 1:1 with a primary

market [e.g., Phemex] … so while a crypto pair rallies 7 ticks on the bid side at

Phemex, at IQCENT, the bid/offer doesn’t change at all, it remains the same as

before the rally … if the market keeps rallying, then the IQCENT LP will in one

jump, up the bid/offer by a factor set by a mathematical algorithm that represents

a statistical “T DISTRIBUTION” based on current volatility in the marketplace … if

VIX is low or medium it can jump 7 - 15 ticks, and if VIX is bat shit crazy [BSC], it

can go much higher to levels over 70+ ticks into the hundreds! 

Bottom line is simple … what seems like random up/down movement AIN’T!

… it’s the LP attempting to thwart specs who are “scalping” cuz the market is

volatile enough to do it and make money at the LP’s expense … and the LP is

saying to you, “we have ways to defeat you that you aren’t aware of!” … only,

they didn’t reckon on me coming along and spilling the beans! … generally

speaking, “T DISTRIBUTIONS” are an attempt to normalize small sample sizes

… directly below a generalization.

Generally speaking, you have to determine the scope of “BASIS PREMIUM” &

“BASIS DISCOUNT” for the crypto pair or pairs you are trading, and get a good

idea given the VIX level of the pair when you’re trading it, of where PREMIUMS

& DISCOUNT values are at and when you should adjust them for major VIX

changes … remember “BASIS” = (price at PHEMEX) - (PRICE AT IQCENT)

… NEVER EVER buy a DISCOUNT [price is higher at IQCENT than Phemex]

… I’m most familiar with the crypto pair MATICUSDT [POLYGON] … under

normal VIX for the pair, PREMIUMS & DISCOUNTS will be in the +25 ticks for

PREMIUM to -25 ticks for DISCOUNTS … when m1’s start to go BSC, they can

go into the hundreds! … realize that these measures taken by the LP are to

thwart scalpers looking for a quick hit at the LP’s expense … they may look

random, but I can assure you they aren’t! … you need to know the SCUMBAGS

YOU ARE DEALING WITH!, and how to defeat them at their own game! … very,

very few understand this, but now you do!

The trading algorithm for crypto pairs is as POTENT AS IT CAN POSSIBLY BE!

… TEMA period 13 [white], and SMA period 7, hl/2, [orange] … both in the library

of indicators on the Phemex platform [ https://phemex.com/trade/MATICUSDT ]

… and in crypto, volume is often a harbinger of tops and bottoms, especially after

a medium to long run in price [up or down, doesn’t matter] … large sell volume

[red] at bottoms and large buy volume [green] at tops … directly below FROM

EARLIER TODAY, can you spot the top in MATICUSDT price and match it with

volume?

click on chart to enlarge

Crypto pairs love to run and squeeze cashews! … “Whales” love to “pump &

dump” pairs at will, and the TEMA & SMA lines are almost perfect in calling

short term TRADEABLE TOPS & BOTTOMS! … “just follow it Skippy” … when

TEMA is above SMA BUY PREMIUM … liquidate on jumps higher … rinse / repeat,

what’s the problem? … don’t turn mole hills into mountains by adding a whole

bunch of technical indicator shit that is only going to rob performance … nobody

can deliver the “Holy Grail” so stop looking for it! … and btw, as 2024 unfolds,

more and more people will make the move to crypto pairs and abandon

traditional markets altogether … “it’s dead Jim, it’s DEAD!”

Like previous days, monster ranges in SOLUSDT & MATICUSDT, and if you can’t

make money in this, YOU CAN’T MAKE MONEY PERIOD! … blog update on

Sunday … cya then!

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

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

-vegas

ALT-COINS GO BANANAS!

 

“Wild crypto ranges & crazy swings in price … meanwhile other markets die!!”

It looks like the crypto alt-coins MATIC & SOL got into some fermented banana

juice, and let the wild times begin! … MATICUSDT & SOLUSDT EACH WITH

APPROXIMATE NEW YORK SESSION RANGES OF 850 TICKS, AND DOGEUSDT

& XRPUSDT BARELY BUDGING! … “arb scalping” in MATICUSDT as good as it

has ever been, with “BASIS” PREMIUMS & DISCOUNTS IN EXCESS OF 100+

TICKS QUITE OFTEN!

And I’m here to tell you today, that those premiums & discounts are another tool

LP’s like Thompson Reuters [IQCENT LP] USE TO TRY AND THWART

SCALPERS! … I’ve noted before, that at IQCENT it is in your interest to scalp

crypto from the long side, and leave the short side alone … they [the LP] will

goad you into a short trade with a “bigly & yuge” DISCOUNT of say 100 ticks

… then leave that bid/offer quote stagnant as the market rises, adjusting it only

in big chunks against your position, not at all bringing the DISCOUNT in, until

they gap it higher by multiple dozens of ticks and your short scalp ends up

costing you 150 ticks CUZ YOU AREN’T ABLE TO LIQUIDATE! … and while it can

happen on the long side, it most often occurs on “bigly & yuge” waterfalls in

price, and then the PREMIUM goes into orbit of well over 100+ ticks … when

SHTF in crypto, you have to be aware that small PREMIUMS UNDER 30 OR 40

TICKS DON’T MEAN ANYTHING … you got to fish for larger prey!

Other markets moving better than I thought, but still not much but crawl, crawl,

and crawl some more in one direction or the other with almost ZERO corrective

activity … this is one of the hallmarks of modern day manipulation by central

banks around the globe in traditional markets … this ain’t the case over in

crypto! … and without corrective activity, there’s no point in attempting to trade

something that’s manipulated beyond belief … no trades in the PAMM today.

Over in crypto a decent day for “The Syndicate” on very light volumes in

MATICUSDT, and we’re UP APPROXIMATELY 0.6% … IT’S HARD TO TELL

WHAT’S AT WORK GOING INTO YEAR END, simply position squaring or loading

up for 2024, and that’s why the light volumes … onto tomorrow.

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

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

-vegas