SUNDAY UPDATE: THE INEVITABLE IS COMING

“Is there anything more 100% certain than all levels of government failing?!”

What level of stupidity saves everybody the next crisis around the bend?

… more QE? … more manipulation of financial markets? … No, what comes next

is loss of freedoms you take for granted now … every year it gets worse … pretty

soon we’ll all be in some kind of concentration / re-education camp “for the

children” … as I have said before, the collapse of society is coming, and so few

of you are prepared.

Directly below, the 20 Day Range MA’s for GBPUSD, DAX30,  NDX100.

GBPUSD

click on ANY chart to enlarge

DAX30

NDX100

Stock markets losing their “mojo” … too bad gold is untradeable, as the “traders

tax” bid/offer spreads are insane, and make trading it out of the question unless

you like giving money away to criminal bankers.

… until tomorrow … Onward & Upward!!

-vegas

BTFD WORKS EVERY TIME IT’S TRIED

“There’s never been a better premise!?”

The “Chuckleheads” in the Asian session bought the bullshit  hook, line, &

sinker … “oh, the world is coming to an end … more CHICOM WUHAN KUNG

FU FLU for the Ruskies, “bigly & yuge” trouble in Hong Kong as the ChiComs

look set to clamp down, the Hang Seng index getting “monkey hammered” to

yearly lows, the dollar rallying, and it’s “sell Mortimer, sell!” heard all across

Asia”! Oh meltdown, here we come! … and then Europe opens.

Bingo!, Bango!, Boom!, and quite frankly I don’t give 2 rat fucks what anybody

thinks about the gross manipulation of the stock indices by the “Plunge

Protection Team” [PPT] cuz it’s off to the races to the upside, as the

“Chuckleheads”, and everybody else who got short, gets clubbed worse than a

baby seal at a Japanese whale hunt … a scant few hours later, and “lo & behold”

the DOW30 is sitting a lot closer to the high of the day than the low, and another

group of “it just has to go lower, it does!" … has to! … but it’s not and there’s the

rub, cuz Skippy there is this thing called the “88/6/6” paradigm of trading, right

along with QE and all the central bank printers around the world including the

SNB, going “Brrrrrrrrrrrrrrrrrrrrr”! 24/7/365, and a lot of that criminal,

pre-arranged Treasury payola ends up in the hands of the traders running the

prop desks for the PPT & various Wall Street bank prop accounts … which by the

way are illegal, but who gives a fuck anymore?

And once again, the world learns the meaning of what Las Vegas casinos have

known for decades, and that is when you bump your head up against the math

that is NOT IN YOUR FAVOR, you lose money … yea sure, you may get lucky

now & then, but stay at it and it’s certain death to your bankroll … and that’s

what really the “88/6/6” paradigm is all about, cuz since October of 1987, and

more specifically February 2016, you can absolutely make bank on the fact that

the U.S. stock indices will rally [that’s go up in price for you Obama voters getting

up late] 88% of the time, go sideways 6% of the time, and go down 6% of the time

… it’s got nothing to do with price, it’s a time function.

Of course, as we saw in March 2020, that 6% can be very, very nasty … and if not

careful, it can wipe out months & years of trading profits in minutes … the most

noteworthy aspects of the back “6”, is that trading conditions get absolutely

hellish, with blown out spreads & slippage from hell … if you can come out of

that with your head still on your shoulders, over time you’ll make a shipload of

money … recently though, the trading conditions in some of the indices have

come back to normal, and it’s my sense that unless the pandemic comes back

“bigly & yuge” in a massive “Wave 2” attack that kills millions, not just thousands,

the FED is not gonna allow the indices to go back to March 2020 conditions.

I bring all of this up, cuz Turnkey now has a DOW30 CFD with 0 - 2 index point

spread … and over the last 2 days, I’ve traded it at night in late Asia & early

Europe, trading the algorithm and testing conditions … and unlike the NDX100,

which has some real scumbag bank LP problems with slippage, so far there’s no

problem in the DOW30 … remember how well the algorithm was performing at FX

CHOICE in January & February when conditions were normal? … that got blown

apart cuz they went full retard slippage to the MAX, and so I closed that

PAMM / MAM down … and yes, 20 Day Range MA’s are coming down to normal in

the DOW30, but the current week’s reading still is approximately 400 index points

for the NYSE session, and even if that gets cut down into the high 200’s - low

300’s in the weeks ahead, with commissions being a total non factor to

profitability, and a spread that is 0, 1, 2 points, this is the best market going next

to Bitcoin [BTC], which Turnkey doesn’t have yet.

And quite frankly FX, meaning both EURUSD & GBPUSD, have become

disappointing to trade effectively … yes, the algorithm works fine, but I’m not 

interested in holding onto algorithm signals for 15 - 30 minutes [unless they’re

running in my profit direction] … today a perfect example of FX’s ability to go

“speed of light … crickets” and then sit in a tight range for hours on end in

“chop city”, with no range or movement to speak of for hours … put simply, there

just isn’t the “buy fuel” to overcome the frickin’ banks like I want given the IVIX

in these markets … you get that in “Stock Bellies” cuz of the “88/6/6” paradigm,

and the fact most are only interested in buying stocks, not selling them, and the

PPT is only too glad to kill shorts anytime they have the chance.

This goes back to what I’ve always said about trading … “I don’t care if I’m

trading Lint futures or Soiled Underwear futures [or CFD’s] … what I care about

are the trading conditions, and if they’re the very best I’m right there, and if

they’re not I’m gone pronto … I have no loyalty to nothing but making money, and

if a market disappoints I’m gone, simple as that … it’s just numbers on a screen

… could be “Widgets” for all I know, what does it matter anyway?

Several trades today in both EURUSD & DOW30 … PAMM / MAM DOWN VERY

SLIGHTLY.

And since New York came in early today, it’s been a basket of shit in FX … literally

… almost ZERO movement in FX, with only the DOW30 trades showing anything

of profit … say whatever it is you want about stock indices … the PPT, rigged

casino, FED QE, for me it’s only about trading conditions … “are they in my favor?

… Yes? … fine, I’m there cuz 1) “88/6/6” all day every day, and 2) the shit moves

… and I know with proper trading conditions making money in stock indices is the

best bet going bar none” … 7+ hours and counting and EURUSD hasn’t even gone

fucking 20 PIPS, and Cable is nothing but a disaster waiting to happen to you

… both seeing life sucked out like air coming out of a balloon … and what’s worse,

if you have a losing trade, how are you gonna make it back?

One thing I will say about the DOW30 … if you’re a U.S. citizen or resident, and

have a small account, at Turnkey you can trade fractions of a “1 lot” [1*the index],

meaning minimum volume of 0.01 lots, which is 1 cent per index point … and

what this does is allow you to control risk properly without risking your account

… at COINEXX, they only have whole lots, so it’s multiples of $1 … they both use

the same servers, but that’s the difference … and PRIMEXBT isn’t even in the

running cuz their CFD’s are NOT competitive and the commissions are sky high

… ditto with CRYPTO ROCKET, where it’s $1 per index point on a minimum trade

lot [0.01 lots], and their RT commission is the cheapest going.

Traded the DOW30 today and had no problems like I did with NDX100 … latency

is a tad slower than FX, but not enough to make me think my order is being

manipulated to my detriment, so I don’t know what the problem is with the

NDX100, and why it was so messed up with horrible slippage … but here we are,

and we’ve been here since Europe opened with a 0 - 1 index point spread [with

an occasional 2] … the day has come and gone, and both up/down there hasn’t

been any blowing out of the spread cuz the market is moving, and I didn’t get any

noticeable slippage when I traded it … so for now it’s good! … let’s simply hope

it stays this way! … cuz if it does, we’ve got our market back to make good

money going forward.

As long as trading conditions are excellent in the DOW30 [like this week], going

forward into next week, I’ll be trading it possibly in Asia, and at the start of the

European session right through to about an hour before the  NYSE close, and

taking algorithm buy signals … so, no reason to simply keep trading in NYSE

hours solely, cuz quite frankly Europe has most of the time better conditions

than New York, and the price flow is smoother … finally, trading conditions this

afternoon are unusually hazardous, so I stopped trading at about Noon EST.

… not just cuz of the scumbag banks, that’s always there for stocks & the indices,

but cuz it’s Friday and we’re in front of a 3 day weekend, which means position

squaring and plenty of chop, with the high probability of some spikes from hell,

and if you get caught in any of those, good luck making anything back in the

short time to the close.

NYSE is closed Monday for Memorial Day, so I may [if conditions sre right] trade

the DAX30 … we’ll see what Monday looks like come Sunday night if you get

caught in any of those, good luck making anything back in the short time to the

close … as far as FX goes, as long as the DOW30 stays with what I’ve seen this

week, no need to bother with FX … next, these shit weasels can start with gold,

but that’s asking for a lot I know, as they become accustomed to the “traders tax”,

but at some point the bid/offer spread has to come back to normal … I think

… we’ll see, but it would be nice … so, back to the “Tulip Bulb 30” cuz right now

it’s got the very best [meaning LOWEST] cost structure on the MT4 / MT5, and

rivals Bitcoin in terms of movement, but without the heavy cost structure of BTC

… and like I said, if it moves, and it has the very best cost structure, count me

there!

Blog update on Sunday … until then mi amigos … Onward & Upward!! 

Have a great Holiday weekend everybody!

-vegas

SUNDAY UPDATE: THE TWO SETS OF HISTORY

“Spread the money evenly via the MSM, & get any LIE to become TRUTH!”

There are only 2 sets of history … 1) that written by the “winners”, and 2) the

actual truth … unfortunately, the first is propaganda with varying degrees of

agenda, and the second you’re never going to get … here in 2020, the world

hasn’t even come to grips with the societal paradigm shift from World War I, let

alone the rest of the 20th century … a brief recap … 1) the Germans learned from

WWI, that nobody cared about mass genocide after the Ottoman empire waged

genocide on the Armenians … 2) the Arabs got shafted and lied to by the British

after WWI, much to the chagrin of “Lawrence of Arabia” … 3) after WWII was over,

the U.S. decided who was to be handed over for the great show trials at

Nuremberg & in Tokyo, and who was allowed to gain entry & a new life in the U.S.

helping the military? …  it had ZERO to do with actual guilt & crimes against

humanity … 4) don’t believe your eyes & ears and hundreds of eye witness

accounts, the U.S. government COMMANDS you to swallow the “Warren

Commission” propaganda report on JFK’s assassination … 5) ditto with 9/11

… where did all the gold [billions of dollars worth] disappear to in the vaults

below the World Trade Center? … who again was in charge of said vaults

security? [Hint: George Bush’s brother] … and most recently 6) which major

political party has unsuccessfully attempted a “soft coup” against the people

of the U.S. using treasonous plants in the FBI, CIA, NSA, and no doubt other

alphabet soup government agencies? … and as I have said before, “life imitates

trading, trading imitates life”!

And the lies, attempted revisions of history, and propaganda put out by the

financial MSM is something to behold … their mission? … sooner or later you’ll

come to believe what they say, simply cuz they keep saying it … cuz if you

actually “wake the fuck up” and see “markets” for what they really are, instead

of what you’re told to believe they are, well they got a big problem … quite

frankly, modern trading finance is “THE BIGGEST PONZI SCHEME, MONEY

LAUNDERING SCHEME, THE WORLD HAS EVER SEEN”, and traders & investors

of all stripes are the ones footing the bill by design … why do you think they let

you in the “game”, cuz they’re nice & fair and all that shit?

This last week I was wondering to myself when exactly the “planted stooges” in

the financial MSM would start to spin the horseshit propaganda of 1) the oil

mess, 2) the gold mess, & 3) the stock market mess … not to disappoint, there’s

always the Twits in the faculty lounge to spin equities, and OPEC & Vlad are

easy targets for oil condemnation, but how about gold?

In what I see as pure propaganda, in order to quell the growing dissatisfaction

within the gold trading industry, directly below from ZH, an article that attempts

to soothe the pain.

https://www.zerohedge.com/commodities/what-caused-new-york-vs-london-

gold-price-spread-and-why-it-persists

Well, “I literally can’t even” with the utter horseshit laid out by this guy “Jan

Nieuwenhuijs” from someplace called “Voima Insight” … for the record, I don’t

know who this guy is, what his agenda is, but he blames the “high spread” in

XAUUSD to credit concerns … wait, wut? … these are the largest banks in the

world, and you want me to believe that JPM can’t get credit to do

futures / XAUUSD arbitrage? … so they can’t get the financing to sell futures

$15 over spot, where they are long XAUUSD and short June futures, and are

GUARANTEED PROFIT at futures expiration? … and nobody will lend them

money in a ZERO INTEREST RATE ENVIRONMENT? … “hey Jan, where the fuck

is the FED, or any other central bank, that lends these giant parasites money?

… have they disappeared? … credit my ass, it’s pure fucking greed, and you

know it”! [but of course, history has to be written so that years from now

there’s an “official” approved explanation, one that doesn’t shine negatively on

these so called “liquidity providers”, who are nothing more than thieves … it’s

called the “traders tax” Jan, deal with it”!] 

Directly below, the “FX VIX MATRIX TABLE” for the current week, followed by the

20 Day Range MA’s.

click on ANY table or chart to enlarge

FX

GBPUSD, EURGBP, USDJPY, & EURUSD

AUDUSD, AUDJPY, GBPNZD, & USDCAD

GBPCHF, GBPAUD, & GBPCAD

With USDCAD considered a “commodity currency”, lately USDCAD has had

some decent ranges … this is an FX pair that deserves attention when it’s active,

the main problem in trading it is when it hibernates and goes “sleepytime”, and

the 20 Day Range MA [proxy for IVIX] goes into the dumpster … however, it’s

mostly a “North American” trading vehicle, getting the majority of its range in

U.S. trading hours, and that’s a definite positive for many that trade U.S. hours

… I would caution against relying too heavily on USDCAD as being a crude oil

proxy … some days it is, some it isn’t … the bid/offer spread is a little higher

than I would like, coming in around 1.5 PIPS at Turnkey & PRIMEXBT, but if the

range MA holds up [above 90 - 100+ PIPS], it’s a good alternative to the other

majors that are more global in their trading ranges.

PRECIOUS METALS

XAUUSD

XAGUSD

Silver has been a ruined market for trading for a good long while … now add

gold to that list … a quick glance at the “FX VIX MATRIX TABLE” shows it costs

you about 8% of the day’s expected range to make ONE trade … a bigger crock

of bullshit the world has never seen before, and if you’re dumb enough to give

the scumbag LP banks this kind of “vig” to trade, you deserve to lose money

… oh sure, they’ll gladly take it from you, but who’s the fool here? … quite

frankly I think XAUUSD is a ruined market going forward, that will never see

bid/offer spreads we enjoyed pre pandemic in the $0.11 - $0.17 range … today at

a MINIMUM they are 10X, or 1,000% HIGHER … what dope is gonna trade this?

… I hope I’m wrong about XAUUSD, but given the history of silver and what

happened there, it’s NOT an approved market by government or central banks,

and therefore it’s marked for eventual mainstream trading destruction.

Directly below, the “STOCK INDICES VIX MATRIX TABLE” for the current week,

followed by the 20 Day Range MA’s.

STOCK INDICES

DOW30

SP500

DAX30 & NDX100

IBEX35 & ESTOX50

CAC40, FTSE100, & AUD200

H33HKD & NIKKEI 225

The DOW30 last week became untradeable [again] … the high bid/offer spreads

plus commissions, and most importantly the horrendous slippage make it a total

spin of the roulette wheel … there was a moment last Wednesday or Thursday

[I forget which day it was], where the DOW30 was at “something 21”, and if it

got above 41, it would give a buy signal via the trading algorithm … I blink my

eyes and it’s at 55 bid in less than 2 seconds … I chuckle, but I know I can’t buy

rallies in this shit … it goes straight up in the next 2 or 3 minutes to 93 … it turns

on a frickin’ dime, and in literally less than 30 seconds goes from 93, to 78 bid,

blink your eyes 58 bid, blink your eyes again 43 bid, then 30 bid … from there it

goes straight back up to about 85, and then over the next 11 minutes goes down

150 index points … seriously, WTF is this? … and much like casinos in Las Vegas

will give perfect 50/50 odds on pass line bets in craps, they do it cuz they know

your bankroll can’t withstand the VARIANCE [VAR] in data sets of random

numbers, and before you know it, your bankroll is gone … they got it, and you

don’t! … here, the scumbag LP banks who have unlimited bankrolls thanks to the

FED, can jack this shit around that will destroy even the hardiest of accounts

… they know specs all have puke points, and they will do whatever is necessary

to hit them as often as possible … this is where you become “Pavlov’s Dog”, cuz

they got you whistle trained to panic whenever they want you to.

Onto the week … until tomorrow mi amigos … Onward & Upward!! 

Have a great rest of your weekend everybody!

-vegas