THIS IS WORSE THAN PATHETIC

 

“Add round turn commissions + slippage to get the real story!”

I can only say in defense of markets, that the days leading up to the Easter

Holiday, and the days immediately afterward, are historically a disaster for both

ranges AND volatility … not every year, but most years … why should this one be

any different? … today taking the proverbial cake when it comes to dull, listless,

bullshit ranges, no movement whatsoever in anything I can see, but plenty of

POLS & Apparatchiks out flapping their Pie Holes going “blah blah, yada yada”.

Coming out of the Asian session, things were moving … about half an hour into

Europe, and somebody shut the lights off and markets everywhere, in everything,

went toes up … and all of a sudden you could see the M1’s go “sleepytime”, and

I wondered, “aw c’mon, again with this shit”? … why yes, again with this shit.

Afternoon in New York, and after 8+ hours of bullshit in watching Cable and gold,

I think my eyes have semi-permanently moved into the back of my head … they

refuse to even want to look at the screen … and from here with Europe closed

now, there isn’t anything that won’t be scrutinized by the virus scum of Wall

Street for “scumbaggery” … meaning their profit and your loss … and after 8+

hours GBPUSD hasn’t gone 15 - 20 PIPS either side of where I came in … think

about this for a second … in what’s supposed to be the “busiest” time of the FX

day, and you can’t even manage 15 or 17 frickin’ PIPS in one direction or the

other? … nope … and as bad in gold as well, but only there you get to see a

bunch more “mystery ticks” and spikes from hell cuz the bullion banks are

screwing people left and right … gold hasn’t even moved $4 in 8 hours … I mean

seriously, whaddaya supposed to do? … well, that didn’t last long in gold, cuz

apparently buy stops needed to get set off, so a small straight up rally to 1738,

that fizzled as fast as it went up, and now back into the flaming bag of shit it was

in before somebody somewhere got hosed “bigly & yuge” … “thanks for playing,

come again soon”! … and just for shits & giggles, the crypto space is a disaster

… “Asia flies, the rest of the world dies”, and that goes TRIPLE in crypto … the

loss of volumes and liquidity in the alt-coins is staggering just from a couple of

weeks ago … and in crypto, when things go “sleepytime” the bids / offers get

even wider, cuz nobody wants to give up an edge on anything, and by default it

makes it even worse.

So, what’s preventing me from going out and playing in the highway, is the fact

Easter season is upon us … that doesn’t mean there can’t be spikes from hell,

cuz there will be as gold just proved in spades … what it does mean is that the

probability of sustained moves are not in our favor at the moment, and who

knows when it comes back? … and U.S. interest rates [basically the 10 YR.] keep

creeping up, and while not exploding past 1.75% just yet, inflation numbers

going forward should prove to be “rough” … “when over the last 12 months, you

create out of thin air 40%+ more dollars than were in existence than before, I got

news for you, and that news is called “hyperinflation” … keep printing trillions

out of thin air, and the “U.S. of China” will be Venezuela quicker than you

realize”!

Before things went “sleepytime”, one algo buy in GBPUSD in the TURNKEY

PAMM / MAM … UP SLIGHTLY.

A little bit of bad “happenstance”, cuz if I had waited about another quarter of a

second before liquidating, the “buy fuel” showed up in Cable … not a big move

up by any means, but it would have added to yield … nonetheless, when I came in

8+ hours ago and got the first of what I thought would be multiple signals today,

now these hours later Cable is approximately 2 PIPS from where I made that

trade … yes, that’s wonderful isn’t it? … I tell ya, when shit dries up, it doesn’t

fool around, it goes comatose! … no worries, though, market will be here

tomorrow.

Over in crypto for “The Syndicate”, it’s a complete wasteland of nothingness past

the Asian session, and I have no desire to give back gains unless something is

moving … and these last couple of weeks, nothing is moving in Europe or the

U.S. … it’s a desert … nothing to do but monitor activity and wait ‘til things pick

up.

… outta here early today, this trading day is bogus … “the future’s so bright I

need sunglasses”! 😎 … Onward & Upward!! 

-vegas

MR. NATURAL GAS

 

“No, not this bag of gas! … the NAT GAS MARKET!!”

Who knew? … but I’m getting ahead of myself … last night after the close, before

dinner and “sleepytime”, while watching JPM attack crypto pairs with a downside

vengeance not seen since Thanksgiving day, I’m scouring Turnkey’s tradeable

pairs looking for something … FRICKIN’ ANYTHING! … that 1) moves, 2) has a

consistent low bid/offer spread, and 3) isn’t in FX or in “Stock Bellies” … and lo

& behold, what got added to the MT4 platform that I overlooked when they

upgraded to crypto this past December 1, 2020? … why natural gas of course!

… cuz looking at what crude oil is doing, and the bullshit 4 cent spread the

robber barons want for “vig”, I need a market that day-in, day-out can be traded

without taking me out back for a financial lynching … crude oil ain’t it … neither is

silver … yes, when silver moves with the “MOJO wind” at your back, gains can be

eye watering … but day-in, day-out silver sucks as a consistent market, for the

basic simple reason the red down spikes are vicious & ugly, slippage can be a

problem, and the spread isn’t exactly “cheap” … it’s not outrageous, only

acceptable, but that doesn’t make it a bargain … so, at times silver can be very

good, but there also are stretches of time where silver is a dud, and you just have

to leave it alone or the bullion bank thieves will carve you up like a Thanksgiving

turkey … gold is in a different category, where slippage is simply an “honored art”

of the bullion bank thieves and in a class by themselves, and it makes for an ugly

market 99.99% of the time … crypto as we’ve seen, isn’t an option any longer at

Turnkey.

And while not as “bat shit crazy” as crypto, nat gas isn’t some slouch on the

volatility meter either … quite frankly, what the hell’s “nutso” as crypto? … right,

nothin’! … even though nat gas and crude oil are in the energy complex, the

correlation between the two is non existent … nat gas is its own deal, and

demand spikes from mainly weather drive price … cold blasts in the winter

obviously, but also extremely hot temps in Summer run air conditioners in parts

of the “U.S. of China” that use gas … in other words, there’s no dearth of volatility

in this complex … 20 Day Range MA currently runs about 12 cents, and it’s priced

at the tenth of a penny, so about an average 120 tick range currently … as I write

here early, coming into New York at sunrise, the range so far at 80 ticks [8 cents]

… a 1 lot volume = approximately $8.75 per $0.001 movement, with a $2 RT

commish … so, a penny move = about $87.50 per 1 lot volume, and the commish

is meaningless.

Since this market goes both up & down, there’s no bias as to which side of the

coin you trade … long & short is equally fine, but I’d be careful in winter on major

snowstorm and arctic blasts from Canada news when shorting … other than that

though, go with the trading algorithm for profit … I’ll be adding to this market in

the algorithm trading manual coming out shortly … you’re welcome! … so,

sounding like a broken record, I’ll be adding this to our trading list come Monday,

and I think it can be very profitable for us on a CONSISTENT BASIS … can’t say

the same with silver … now, don’t assume I’m becoming “Mr. Natural Gas”

[although the Mrs. & the dog think I’m 150% natural gas], only that I’m adding it to

the list cuz it moves and the spread stays stable … much more stable than crude

oil, and at its present bid/offer spread, it’s about the same dollar wise per 1 lot

volume as crude oil at 2 cents … I’ll be looking at it, and if appropriate via the

algorithm I’ll trade it.

Looking at silver today, and again like a frickin’ broken record, “Asia flies, the

rest of the world DIES”! … “quite frankly, I’m getting sick & tired of this shit”!

… down about 80 cents in Asia [oh no, can’t move in the U.S. trading session,

somebody might make money!], and with U.S. trading coming on stream in a

couple of hours, a quick trip to the $25 level before rebounding viciously … then

New York opens and it’s “sleepytime” as per the usual bullshit with the metals

and markets in general, as the world’s largest money laundering operation comes

online … however, from a somewhat longer perspective, silver hasn’t really gone

anywhere, and is struggling to maintain this $25 - $26 level, after the

“Thelma & Louise” thumping of January 8th … looks like a “flag formation” that

could take price down into the 24’s and perhaps the 23’s in the days ahead

… price needs to scale above $26 and stay there, and anything above $27 could

be explosive … how long it takes to get there, who knows, but once there, look

the hell out on the upside … given the Grifters running things now, sometime this

year silver most likely will explode higher … until then, it doesn’t do any good to

get chopped up scalping pennies and risking a price plunge on large down days

[like today] … with silver, you very much need the “MOJO wind” at your back

and today ain’t one of those days … no worries PAMM / MAM participants, plenty

of action lies ahead of us.

Over at PHEMEX, JPM’s bullshit last night attempting to derail the crypto train

with horseshit research failed miserably … however, it skewed the shit out of the

range even before Europe opened … now into the U.S., ETHUSD is a bag of

flaming shit … price action is as choppy and bad as I’ve ever seen it, and the

vicious wickedness of price moves up/down, that come out of nowhere to run

stops makes this market today one to stay away from … for “The Syndicate”, I

pulled the plug early when I realized it was not in our benefit to even attempt to

make a market in this shit today given conditions … I’m not in the habit of giving

one “Hoover Dam” penny back to the ETH market … I play on our ball field, with

our refs, and I make the rules … and if I don’t get that, I walk … money not lost,

is future money I don’t have to earn just to get back to breakeven … next week,

we’ll most likely be in DOT or ADA, and leave ETH for greener and more stable

pastures … we’ll see.

This weekend sees me working on the trading algorithm manual, along with

accompanying charts and support material … I’m doing my best to get it done

in a timely manner consistent with quality work … it should be done in a week or

two and ready for reader download.

Until Sunday’s blog update … I’m full steam ahead! … Onward & Upward!!

-vegas

FX GAME PLAN: KILL LONGS, KILL SHORTS, RINSE & REPEAT

 

“Yup, scumbag bank computers are much faster & better at it than imaginable!”

All you can do is laugh, otherwise you’d be crying … iteration number, pick a large

one will ya? … Fourth day in a row of straight up, straight down, or vice versa and

absolutely nothing in between … and when I say “nothing”, unless you somehow

think a 10 PIP correction in any up/down move over 1 - 4 minutes is defined as a

“correction” that has statistical significance in a volatile cross like Cable/Yen, I

mean there aren’t any entry points for trades … goes straight up, there’s no break

to buy, and when it goes down, there’s no rally to sell … everything turns on a

dime.

Topping today’s clusterfark of trading, was first the BOE and the hint that they’re

considering “NIRP”, or negative interest rates … “sure, why not, cuz it’s worked so

well in Japan over 30 years, right?” … Cable/Yen not liking the sound of that, and

it’s “Thelma & Louise” in the blink of your eyes … we hit the bottom and now it

rallies, and the predictable second clusterfark arrives with an E.U. Apparatchik

telling the financial MSM, that he’s “convinced” a BREXIT deal is in the cards in

“his opinion” … well, isn”t that special? … and another mistress fund gets funded

in seconds, as Cable goes orbital, about 80 PIPS in seconds … Bingo! Bango!

Boom!, there ya go the 4th day in a row of complete absurdity, and we sit almost

exactly where we opened Sunday night to start the week … what a joke.

No trades today in the TURNKEY  PAMM / MAM.

No trades cuz no signals … how do you expect me to get buy/sell signals when all

it did was go straight up or straight down? … the algorithm was in both sell mode

& buy mode today … wouldn’t give me a place to get short going down, and

wouldn’t give me a place to buy going up … it is what it is, nothing I can do about it,

but I will say I’ve never seen anything like this, where everything is literally straight

up/down for days in a row, and we haven’t even moved anywhere! … and now that

Europe is closed [somewhere between 1800 - 1900 server time], and both sides of

the order book … AGAIN! … has been cleaned out by “scumbaggery” by the usual

suspects, pretty much all of FX, including GBPJPY, will go “sleepytime” in 3 … 2 …

1 … and when it does you’re toast, cuz it won’t move 5 PIPS one direction or the

other, and the slippage is sure to go higher cuz we’re talkin’ about scumbag LP

New York banks … and so the trading day, unless you’re nuts and want some kind

of trading “death wish”, is over. 

Another day in the wonderful world of “The FX Twilight Zone”, where for the last 2

months at least, it’s only trading action that has the lowest probability events

associated with them that are seen during the trading day … and although the

daily ranges haven’t been hugely abnormal, and IVIX INDEX levels are well

behaved with good volatility, it’s the straight up/down trading action with impunity

that is a head scratcher … cuz in this specific environment, you have to buy rallies

and/or sell breaks, and if you do that, you’re seriously on the way to account

destruction … not “if” but “when” … and this is something I NEVER do. Well, it

all is what it is, and I was at the ready today on both sides of the market

… “Sorry!, NO NOT Sorry"!, says the market, almost as if it had a personality

begging you to join and buy the rally or sell the break … and for the 4th day in a

row [really 5 if you count last Friday as well] account destruction is on the agenda

if you get an opinion and get pig headed … “oh, it has to go down cuz BREXIT

news is bad! … really? … Oh, it has to go up cuz … well cuz! … really? … as I’ve

said before, it’s all about order flow and spec positioning, with the scumbag

banks directing the flow … and lately, when they flip it around, they take no

prisoners"! … this too shall pass.

Normally, the trading signal algorithm will throw off many, many buy/sell signals,

ESPECIALLY in a volatile & active non dollar cross like GBPJPY … but it can’t

cover 100% of the trading action, only about 99.7% of projected price flow … we’ve

just had 5 days in a row of complete 3 days out of 1,000 probability hand us

NADA!! … BUT WE GET 5 IN A ROW? … YUP … “OK Queen of Hearts, you got my

attention down here in “rabbit hole” land, what next FOR CRYIN’ OUT LOUD?

… Quite frankly, this directly below comes to mind … “How many of you would

play, with 36 to 1 odds of hitting the number “19”, this many times in a row? … yet,

here it is”! 

“Truly Twilight Zone time!”

"C'mon, don't be shy, raise your hand if you played "19" 7 times in a row"?

The odds here are only 78.3 BILLION TO 1 … sure, why not?

Hopefully, with the FED & BOE idiocy out of the way, maybe tomorrow can see

some kind of “normalcy”? … “I can dream can’t I?” … would be nice … Welp!,

nothing to do but tighten up the “big girl panties”, keep my eyes open, and head

into Friday.

Outta here … until tomorrow … Onward & Upward!! 

-vegas