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Showing posts with label ndx100. Show all posts
Showing posts with label ndx100. Show all posts

Friday, April 19, 2024

7TH GRADE SNOWBALL FIGHT … PART ii

 

“And this is what goes for “war” now? … lob some scripted missiles!!?”

Imagine if this horseshit were in WWII … who is lucky enough to be in Hitler’s

press corp? … would they ask what his favorite flavor of ice cream is? … and

so here we go again with another bogus “the world is coming to an end, sell

Mortimer, SELL!! … WELL IT APPEARS, NOBODY GOT HURT! … what a relief

to the hordes of Libtard Journos who think war is somehow just a photo op

for propaganda … I’m so old I can remember when war was for killing and

breaking things” … and once again, overnight the sellers get stiffed and made

to look like Chumps!


Meanwhile my annual physical, always a pleasure for any guy over the age of 35,

went off without a hitch … sure, you know it’s coming, but that doesn’t stop them

from putting on the gloves that look like they’re gonna deliver a calf out on the

farm … from my perspective, that’s what it looked like … cuz nothing, absolutely

nothing beats the experience of a prostate exam … that was so good, can I get a

second opinion from another Indian doctor here? … and when I sarcastically

asked the nurses where’s my tootsie roll lollipop for being a brave little soldier, I

am magically informed that’s only for big boys who don’t B.I. Itch and moan all

the way down the hallway back to Mommy … “well, that’s easy for you to say

… I’m hoping the mental scars heal by this time next year!"


Is there anything left on the order books for a Friday after first killing longs and

then destroying shorts? … after this bogus WWIII clusterfark you got to wonder

if anybody wants to play trading today, or just go home for the weekend and ask

themselves why they stayed up all night to get the shit beat out of ‘em? … time

would have been better spent watching “Brady Bunch” reruns and WNBA

highlights … asking for some friends … we’re about to find out.


As we lurch to the criminal, money laundering NYSE open, crypto getting some

heartburn slightly lower after basically 5 hours sideways where no headway was

made to the upside … and if you can’t take it higher, disappointment always sets

in and traders will attempt to take it lower … sometimes it works, many times it

doesn’t and in that case you get chopped to death buying breakout tops and then

selling breakout bottoms or vice versa … in any event, not a good scenario when

things are tight and getting tighter … markets have done a complete 180 from 48

hours ago … ultra bat shit crazy [BSC] to are we open?


Now into mid afternoon in NY, and nobody but nobody wants to play … it’s the

human psychology factor at work on a Friday where earlier first longs, then

shorts, got hosed in about as record of a time as you can possibly have … not

just crypto but everything … however, I would note crypto loves to follow and

mimic the NDX100, and the darling techs have been down now 6 days in a row

[including today], losing some 1,250 index points, or roughly 6% in value

… while they won’t usually go tick-for-tick, it’s tough sledding for ETH to move

higher when tech “Stonks” are getting beaten like a baby seal at a Japanese

whale hunt.


So we go from mind blowing bat shit crazy [BSC], and then walk into today and

the entirety of the NY session is about $55 in ETH? … WTF? … and while there

were some algo buy signals, albeit very weak in scope and nature, unless

“Stock Bellie” can regain some upward “FOMO & MOMO”, who wants to be

stuck in ETH begging for price to get above your buy so you can make $0.19?

… and that’s if you’re lucky and they don’t rip the shit out of your order with

slippage … been at that rodeo and don’t want to play for meager gains with the

same risk … all-in-all, simply a shit day … back to those “Brady Bunch” reruns

… so no trades today, not cuz I wasn’t tuned in … Hell, I was “locked & loaded”

… it’s cuz there was no real market today in the NY session, with about the worst

chop you could imagine … 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



Sunday, December 3, 2023

SUNDAY UPDATE: DELUSIONAL REALITY, THEN THERE’S CRYPTO

 

“It’s EVERYWHERE in financial markets … know the reality, then defeat it!!”

I’m gonna start with traditional markets and work my way over into crypto

… there is no bigger “delusional reality” than “Stock Bellies”, with FED

manipulation via the “Plunge Protection Team” [PPT] when banks get stuck

long futures and need a little help from central bank Apparatchiks … then there’s

the scam of “corporate buybacks”, pumping “Stonks” [the right ones] higher

cuz it reduces the float of stock outstanding, thus raising EPS [earnings per

share] while directors sit and do not a “Hoover Dam” thing, white their stock

options shoot ever higher … biggest Elitist scam going, and totally sanctioned

by the Lounge Lizards at the FED! 


In no way, shape, or form are any of the 3 “Stock Bellies” markets even close to

representing the Banana Republic economy, future earnings that are

intentionally “low balled” by “expert” analysts so they always beat expectations

[just another Wall Street scam], it’s simply a financial derivatives shitshow circus

of monetary manipulation, where Lounge Lizards manipulate rate hikes / rate cuts

“blah blah, yada yada” for the benefit of major scumbag banks on Wall Street

… when these unethical, moral hypocrites & liars retire, where the fuck do they

show up for the “quid pro quo” payoff? … that’s right, on Wall Street somewhere,

getting 7 digit “compensation packages” for their prior “grift” to their masters

… on the other side of the coin so to speak, there’s the ever present sell side

manipulation by the FED via the “”Rally Protection Team” [RPT] to suppress

gold prices, whereby they use the CNTRL-P machine to create fiat they use to

sell futures and options in massive quantities … and since there’s no

accountability OR ZERO transparency, nobody really knows the extent of the

gold market losses the FED is sandbagging on their balance sheet, but it is

generally believed by many gold analysts that it’s in the HUNDREDS OF

BILLIONS OF DOLLARS OF LOSSES … AND GROWING THANKS TO THE

EFFORTS OF THE CHICOMS IN CALLING THEIR BLUFF!


One of the big problems traders face when they try and analyze any of the

traditional markets on the MT4, is that VOLUME stats are skewed by institutions,

hedgers & dealers … only the banks keep the spec figures to themselves and

we ain’t ever gonna get that information cuz it’s proprietary to the bank and they

use that to manipulate order flow to their “bigly & yuge” advantage … only with

a little logical deduction can we ever hope to get close to the truth of what specs

[and ONLY specs] are doing at the moment in real time … it’s a big problem for

traditional markets, but since crypto pairs are almost 100% spec driven &

oriented [no banks, just “arbs” that reflect spec order flow … they ain’t there to

speculate on where price is going.], volume stats at major crypto houses can be

very valuable indeed!


For “arb scalping” on IQCENT, or simply scalping and/or day trading, you have

to have another major house providing accurate up-to-the-second market

bid/offer data [e.g., Binance or Phemex] for crypto, and if your trading traditional

markets at IQCENT [e.g., EURUSD], a house provider with ZERO SPREAD or a

place like Coinexx, which has a very tight spread, OTHERWISE YOU COULD GET

SCREWED ROYALLY BY PAYING A “BIGLY & YUGE” PREMIUM, to where the

market actually is at … I only use IQCENT for their “tick chart”, so I can see the

bid/offer, and where their very latest quote is at, and order entry and liquidation

… I don’t use IQCENT for charts … cuz of their “premiums & discounts” to price,

if you only use their charts you will get inaccurate information, as well as the

fact you could end up buying premium and then selling a discount, or vice versa.


Starting today, I’m changing the “arb scalping” and/or scalping & day trading

algorithm to reflect volume [MA VALUE = 10], and I’m changing the parameters to

reflect faster changes in market sentiment, especially crypto … the “TEMA”

[White line] goes to period 13, the the “EMA” [Aqua] goes to period 7 … directly

below, on the “Gann Square of Nine” [So9], you can see that the relationship flips

90°, from a 45° conjunction / opposition straight line [9 & 17 cell values], to a 135°

conjunction / opposition straight line [7 & 13 cell values].


click on ANY image, chart, or table to enlarge

I alluded on Friday to the PAMM going back to the NDX100 … that’s not gonna

happen … upon some analysis & reflection we’re sticking with Gold [XAUUSD]

for 2 big reasons … 1) we’ve finally got gold over 2K, and it looks favorable for

further range and VIX values to go substantially higher … in other words, gold is

finally reflecting the reality of the Banana Republic being on a PAR with the

Weimar Republic circa 1920’s, along with Venezuela & Zimbabwe … the ChiComs

are calling the Lounge Lizards bluff, and world central banks are noticing!

… physical gold markets in Moscow, Shanghai, & Singapore are trading at

substantial premiums to the “paper manipulation” scheme of the current gold

cartel of “COMEX / LBMA / FED” … the proverbial writing is “on the wall” for

this cartel to meet its demise! … and 2) volume figures, which I’ll show for gold

in a second, are more accurate than any of the other MT4 markets!


Currently, on this side of the globe, and via offshore brokerage houses

[e.g., Coinexx], gold can be trades in one of 3 forms … 1) regular COMEX futures

[1 lot volume = 100 oz. … 2) “MICRO” COMEX futures [1 lot volume = 10 oz

… and 3) LBMA XAUUSD [spot gold, 0.01 volume lot = 1 oz. … and on the

Coinexx MT4 platform, Coinexx uses #3.


From the CME Group, directly below are first the regular futures “volume & open

interest” through Friday’s close on December 1 … right below that are the same

stats for the “MICRO” futures contract … [the “MICRO” contract a direct

response from the CME to all of the traders who trade gold offshore in 1 oz.

increments … they don’t like losing business, but if you trade in the U.S., you’re

inviting government scrutiny and problems for yourself.




If you study these figures, you’ll notice that for regular futures, volume and open

interest [OI] are relatively steady through all of gold’s up / down movement

[note: volume & OI are down from 10 years ago, when they were DOUBLE what

they are now!] … that’s cuz almost NO SPECS TRADE THE BIGGER CONTRACT

… it’s LBMA members hedging, CTA’s [commodity funds] buying / selling, hedge

funds, and the ChiComs buying to either take delivery or using the EFP [exchange

for physical] portal to get physical within 48 hours … whatever, it’s constant.


A different story in the “micro” contract, which is almost 100% spec futures

traders in the U.S. [what idiots!] … with the gold runup in the last week or so,

look at how OI has dropped substantially from prior periods! … position traders

have taken their profits! … “micro” represents about 10% of the regular futures

volume, and it’s where the specs are … and it’s at that margin where volume

figures on a shorter time frame [MA = 10m] can DIFFERENTIATE what specs are

doing versus the ebb & flow from the bigger boys who dominate the regular

futures … directly below, from Friday, gold with 1) the vegas code for

support / resistance, 2) TEMA [white line, period 13] & EMA

[aqua line, period 7, H/L2], and 3) volume figures [LIME UP VOLUME, RED

DOWN VOLUME] with 10 period MA of volume [orange line].



Lime volume spikes ABOVE THE ORANGE MA LINE after runups in price almost

always signal a short term top … lime volume spikes above the orange MA line

after a decline in price are bullish, but you need confirmation from a TEMA / EMA

crossover … Red volume spikes ABOVE THE ORANGE MA LINE after declines in

price almost always signal a short term bottom …  red volume spikes above the

orange MA line after a runup in price are bearish, but you need confirmation from

a TEMA / EMA crossunder … there aren’t any “arb scalps” for gold, but for either

scalping from the long side or day trading, this is the kind of information you

need for good trades.


Same things apply to crypto … directly below, algo and volume IN SUCCESSION

for ETHUSDT, BTCUSDT, & MATICUSDT … here, the difference is “bigly & yuge”

from MT4 markets cuz the volume surges usually come from the Spec community

of traders [who I shouldn’t have to tell you are almost always wrong!].





The volume stats will help identify “arb scalps” at bottoms when you get a

“bigly & yuge” red spike in volume that’s clearly above the orange MA line.


Another market where I’ve identified “arb scalps” is on the MT4 in the NDX100

… at IQCENT, their NDX100 CFD trades between -16 to + 10 index points from the

bid/offer at Coinexx [normal difference is around -7 to -3 index points] … Coinexx

has a very tight “quoted” spread of 0.8 index points [not that you’re ever going

to get that, cuz slippage they’ve built into the quote can be anything from 1 to 5+

index points … yea, they’re that big of thieves and scumbags, but I’ve known that

for a long time in their “Stock Bellies” CFDS … the advantage here is that the

leverage for trading the NDX100 at IQCENT is 500:1 for margin purposes

… enough rope for anybody to hang themselves!


Directly below, the 20 Day & NY SESSION Range MA & MEDIAN values for the

upcoming week for selected markets.




Onto the week! … “Giddy up GOLD!” … OUTTA HERE … “The future’s so bright

I need 2 pairs of sunglasses 😎😎, and my own Brinks armored truck” 💓!!

… Onward & Upward!!


-vegas


P.S.

The MT4 volume for charts stinks … over in “Download Links” is

“volumeMA.mq4”, which you can download and install into your MT4 … it’s

much better and allows for a volume MA … in the “Colors” section, RED is

first, followed by LIME, and then ORANGE on the bottom for the MA … enjoy!