ALL YOU CAN DO IS LAUGH

“If you can’t see what’s going on you’re blind!”

Another NFP Friday, only this time we got Labor Day on the other side on

Monday … and just like all other NFP idiocy days in the past, this one produces

fireworks not cuz it means anything real, but cuz some “wonderkids” at the

Department of Unicorns & Fairy Tales make shit up out of thin air so scumbag LP

banks can clean house … could release all of this shit on the weekend, but if they

did that the scumbag banks couldn’t screw orders blind like they do every month.

And quite frankly, with almost ZERO spec interest in anything that isn’t already

showing record long positions, when there aren’t any buyers left what do you

think happens next? … makes no difference what the news is, good or bad, it’s

going lower.

So we start the European day in FX with a buying frenzy, that soon turns into a

selling panic … then the NFP number comes, the stock market tanks yet again for

the second day in a row, and now comes the next wave of liquidations followed by

a turnaround at the bottom that is vicious and straight up into the close

… “somebody tel me again about “honest markets” and how there’s no

manipulation … I dare you”! … all you can do is laugh at these assclowns,

otherwise you’d be crying … as I’ve said before, EVERYTHING is either straight up

or straight down, with all of the accompanying panic you’d expect as people get

their accounts murdered … only of course to see it turnaround and rocket the

other way and bring more tears … what a fucking joke FX has become.

A great day in crude oil, which I will begin trading for the Turnkey PAMM / MAM

starting next week after the Labor Day Holiday on Monday … oil futures will be

closed on Monday, so not looking for the CFD in oil to be very active, but who

knows? … today sees a $2 range, and IVIX INDEX levels that are higher than

anything else being traded … all inside a 2 cent STABLE & CONSISTENT bid/offer

spread with meaningless commissions … the trading algorithm absolutely nailing

this market to the proverbial wall … I traded it today in my own account to finish

out the week and test yet again the trading conditions in “real time”, and they

were spectacular at Turnkey … even in the late Asian session, the spread was

only 3 cents, and when the European session got going around

3:30 AM EST - 4 AM EST, it moved to 2 cents and never strayed from that level

the entire day.

The 20 Day Range for WTI Crude Oil, after today’s trade, = $1.16, or 116 PIPS … a

PIP in FX is usually worth ± $10 [0.00010 * 100, 000 (1 lot volume)] … oil is the

same, worth $10 per penny movement per 1 lot, so I can compare crude oil to FX.

Looking at the other pairs, the 20 Day Range MA for EURUSD = 89 PIPS,

GBPUSD = 118 PIPS, and most of the crosses are at OR under 100 PIPS

.. however, IVIX INDEX levels for crude oil are well elevated over anything in FX

… e.g., looking at the busiest part of the trading day, which is the 15 - 19 server

time [8AM - NOON EST], IVIX INDEX FOR GBPUSD = 100, whereas the IVIX

INDEX FOR WTI CRUDE OIL = 140 … this isn’t anything unusual in crude, but for

Cable seeing a reading at 100 doesn’t happen often … viewed in the context of

oil as analogous to an FX pair, and it would be the only thing you’d trade cuz it

has a 2 PIP [2 cent] bid/offer spread … and the amazing thing is, the CME’s emini

WTI Crude Oil futures contract [500 barrels] has a bid/offer spread of a minimum

of 2.5 cents … now add NFA fees, brokerage house fees, and CME clearing fees,

and your very near or slightly exceeding 3 cents per barrel to trade … about time

somebody [most likely a group of HFT’s and NOT scumbag banks, got together

to make this finally available] got their shit together and made a CFD worth

trading … since Turnkey & COINEXX use the same servers via Turnkey’s IT

subsidiary, I recommend using COINEXX TO TRADE CRUDE OIL … leverage is

set by the client, with MAX at 500X [margin rate = 0.2%], and commission rate is

$2 round turn on a 1 lot [1,000 barrels], and that is prorated down to minimum

volume of 0.01 lot volume [10 barrels] … this means your “cost to trade” = 2.2

cents per barrel, and I don’t know where you’re gonna go to find it less than this.

Today sees crude oil mirror FX almost exactly, although with a much bigger

impact via the range … rally right out of the open, break off the high, and never

look back, with only a late morning 13 minute rally in price before going

“Thelma & Louise” down under $40 … breathtaking to trade and watch this

happen while the algorithm is tracking it and making the calls.

No trades today in the TURNKEY PAMM / MAM.

For those in the PAMM, no worries as I get into the oil market next week and

trading begins in earnest from a very dull Summer of bullshit in FX … and if you

love bullshit, you’d have to love today in GBPUSD, where it’s literally nothing but

straight shots, turn on a dime and then run stops the other direction … straight

up, straight down, then straight up, and after 12 hours of this bullshit, Cable is

right where it was at 3:30 AM EST when Europe opened … literally, within a few

PIPS of the open at 3 AM EST … what rubbish horseshit this is, especially when

you consider there’s no trading in any of this, only PANIC! … and all the while

the scumbag LP banks simply front run institutional orders to their heart’s

content.

To be sure, we don’t need $2 ranges in oil to make good money from the algo, but

if it’s there the more the merrier! … and with the very best trading conditions at

either Turnkey or COINEXX, we finally … “F-ING FINALLY!! … have an Oil CFD

worth its salt and worthy of trade … can’t hardly wait for next week!

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

-vegas

GRIFTERS GOTTA GRIFT … STOCK MARKET ARMAGEDDON?

“Laws & rules are for the little people!”

Another political Grifter caught grifting … and in true tinfoil Libtard fashion, has

the gall to demand an apology for getting busted … San Fran Botox Nan at it

again, but why be surprised when viewed in the context of where she came from

and the corruption she represents?

And speaking of “Grifters”, moving over to the world of criminal finance, “how

about them NASDAQ stocks today!”? … just a slight 8% haircut in minutes, no

worries … can’t even imagine what kind of slippage the criminal class of

scumbag LP’s are handing out today, and what sometimes sparkles, turns to

shit faster than anyone wants to believe.

Meanwhile, ever since Monday morning’s highs in FX, where the EURUSD hit 1.20

very briefly, and GBPUSD almost got to 1.35, it’s been almost straight down the

rabbit hole as both banks & the ECB don’t want to see 1.20 yet in the Euro

… especially since there are record long futures positions that need to be

screwed … err, liquidated at lower sell stop prices … get the hint from the ECB

Apparatchiks?

COMMAND DECISION TIME

Back in July, I stopped writing in the crude oil blog … I did this for a number of

reasons, but my main problem with crude isn’t the market, the problem is the

LP’s who make the market … since that time, I’ve been working on a crude oil

algorithm, cuz not only is crude a good market, but my thoughts were that at

some point somebody somewhere would “step up” and make a good CFD

market that was fairly priced, and at that time I would want to trade it again

… “that time” is NOW, and after trading it in my own account first these last days,

I’m ready to trade WTI Crude Oil again for the PAMM / MAM with a 2 cent spread

… a spread btw, which has held recently very steady @ TURNKEY … ditto over at

PRIMEXBT … and with crude’s problems behind it [think May futures expiration

bullshit], it’s back to being a tradeable market again that offers plenty of

movement & opportunity … much better lately than anything in FX, where

inconsistent ranges & IVIX continue to plague the space mightily … so, going

forward, I’m adding crude oil back into the trading options mix … if FX stays

dead, and today Cable was a disaster from a range standpoint in the European

session, although the IVIX INDEX level was adequate, I’ll trade crude oil in the

European and/or U.S. session … all we need is fair pricing, and it appears we

finally have it [about time], and since I care not what it is I trade, but only what

kind of conditions we face, I’ll trade “soiled underwear” futures if it is to our

advantage … and crude with a stable 2 cent spread and meaningless

commissions fits the bill … so don’t be surprised to see me comment on crude

on days when I trade it.

No trades today in the TURNKEY PAMM / MAM.

GBPUSD in the European session nothing but a disaster … a complete joke

… 8 hours of nothing [about 35 PIPS] as the stock market implodes and gets

“monkey hammered”, right along with gold & silver … but Cable? … “nah, let’s

just sit here and not do Mr. Jack Squat”! … I’m at a loss for words to explain the

complete inactivity of FX in the face of stocks & gold/silver getting smashed

… apparently, nobody gives a shit … I traded crude today in my own account,

and the algo was spectacular … good range and excellent IVIX lNDEX levels

above 100 most of the day … as I said earlier and have consistently said for

years, give me the right conditions in a crude oil CFD, at an offshore brokerage

house, and I don’t need anything else! … well, we finally have “those conditions”,

so what’s not to like? … all I ask for is fair pricing and consistency from the LP’s,

whether they be banks or HFT’s … nothing more and nothing less … give me that

and you won’t ever hear me complain … try and screw me and that’s a different

story … we’ll see what happens, but so far for the first time in a long time, I’m

satisfied the crooks have been replaced by legit LP’s, and it’s to my advantage

to trade crude oil again after a lengthy absence. 

If FX wakes the hell up, then fine I’ll trade ‘em, but I am not liking what I’m seeing

in FX right now, especially in pairs like GBPCHF, GBPJPY, EURUSD, & GBPUSD,

and I’m not particularly happy sitting around watching FX go up a PIP, down a PIP,

over hours of bullshit bank manipulation and stop hunts … with a clean 2 cent

spread, oil can work spectacularly, and it rarely sits, so again I say “what’s not to

like here”?

Outta here … until tomorrow … Onward & Upward!! 

-vegas

“USEFUL IDIOTS” UPDATE

“So many to choose from, it’s very hard to pick a clear winner!”

“In political jargon, a useful idiot is a derogatory term for a person perceived as

propagandizing for a cause without fully comprehending the cause's goals, and

who is cynically used by the cause's leaders” … so says Wikipedia … for you

Obama voters & Libtard apologists, don’t look too hard into the mirror after

reading this first paragraph, it may cause further brain damage.

For my money, it’s a tough call between “Commander Red”, the Antifa Dimwit who

was caught by police, and then collapsed into a fetal ball and started crying

[where’s John Wayne when you need him?], OR King Lebron of the NBA

hypocrites, who whine & complain and ultimately end up exposing themselves

for the dopes they are … and then there are the useful FX idiots … they’ve been

around forever … and when they lose all of their trading money, they become

“analysts” so they can tell everybody else “how it’s done” … good grief, so many

good entries, how am I supposed to pick a winner today?

Cable coming out of the Asian session would have seen an utterly abysmal IVIX

INDEX level if it hadn’t been for the last hour move lower in price … as it was, it

limps into the European session in the low 40’s … first half of the European

session saw better M1 ranges, but the action confined to very narrow ranges, as

the market awaited the ADP report out of the U.S. at 8:15 AM EST … a big

disappointment here, that should have seen FX pairs move higher, but instead

Cable heads lower … quite frankly, too many longs are in the market positioned

for further gains, and it’s a crowded trade at the moment … and of course, sell

stops now become an issue, as the scumbag LP banks go “stop hunting”

… better IVIX INDEX levels seen in the 15 - 19 server time frame … 11 - 15 = 64,

and the 15 - 19 = 82 … problem is, most of the action to the downside in a straight

line … however, we did see about a 2 hour window today where algorithm signals

became active and ready to go on the buy side, before Europe closed for the day

and action literally died in its tracks.

One algorithm buy signal today in GBPUSD … TURNKEY PAMM / MAM UP

SLIGHTLY LESS THAN 0.1%

Trading conditions better today, but still not where they need to be … it’s good to

see us out of stinky August and into the Fall, and conditions should get better

going forward … can’t complain about the IVIX INDEX levels, but the market

needs to go somewhere, instead of constantly chopping around in a 5 PIP range,

until the banks are ready to move it one way or the other … in other words, order

flow needs to improve … today a good start back to normal conditions, and

hopefully conditions improve further still.

Outta here early today … until tomorrow … Onward & Upward!! 

-vegas

STUPIDITY ON STEROIDS

“Burned down cities? … you get what you voted for & now deserve!”

I wake this morning to see over on ZH, that gangs are now running Murder,

Illinois [a/k/a Chicago], the world’s most deadly city … here’s the link directly

below.

https://www.zerohedge.com/political/shoot-site-chicago-gangs-form-pact-execute-

cops-who-draw-weapons-suspects

Well, simply another Libtard success story, as anybody with a brain has known

for decades that gangs, anarchists, communists, Antifa, BLM, Occupy Wall

Street, etc., etc.., are the enforcement arms of the Libtard DEM establishment

that literally run everything inside these blue hellholes once known as cities

… the murders, drug dealings, etc. sees the money kicked upstairs to POLS &

Apparatchiks, and it’s the reason big city ‘Murica sees no end to what is their

most serious problem … “if the POLS wanted it solved, it would be … but

nobody wants it solved cuz the money under the table would then dry up

… now what”?

And the moving vans are lined up for miles to GTFO of these shitboxes … only,

when you get to your new destination, don’t bring your idiotic Libtard politics

with you!

And the stupidity on steroids doesn’t stop with ‘Murica turning into Venezuela

socially, it continues unabated over at the faculty lounge, where the CNTRL-P

machine never stops … one seriously wonders why anybody pays attention to

the clueless Twits at the FED, or any other central bank, where FUBAR is the

official motto … “buy all the bubbles”! … where the capitalization of Apple is

equal to the ENTIRE Russell 2000, and growing … are there enough “Soyboys” to

buy Apple’s overpriced shit, when millions upon millions of jobs and industries

are being destroyed worldwide? 

I’m beginning to wonder if Europe has it in itself to trade anymore, or are they

just sock puppets for Asian session “Chuckleheads” & dopes for the prop desks

of Wall Street banks? … why should the start of this month be any different than

any of the other ones? … more piss poor trading conditions in the first half of the

European session, where the IVIX INDEX is barely above 50 … and while Asia

didn’t do much, Europe immediately caught the “buy bug” out of nowhere, and

it’s straight up the frickin wall with nary a corrective dip outside of an errant M1

or two, all the way to the high … then Wall Street takes over as the sun comes up

on the East coast, and it’s straight down the elevator shaft to almost the London

“Fix” … straight up, then straight down, then 15 minutes of pure unadulterated

screaming price higher, where it rolls over quickly & viciously  and gets “monkey

hammered” while both Yen & EURO hit new lows for the day … another wonderful

excursion into reversal mode, where everything is literally ONLY PANIC UP OR

PANIC DOWN … calling this a “market” is laughable … this is a manipulated Ponzi

scheme run by the banks, and when they get into this mode of "straight trading”,

it becomes impossible for the trading algorithm to enter any position correctly

… “there’s only straight up & straight down” … there are no corrections in price

inside any movement … there’s only panic to a price point, where it reverses

viciously trapping those who hung around a second too long and are now

“stuck” … today sees shorts get killed first, then it’s the longs turn, as

“The Widow Maker” lives up to its name in glorious fashion … buy the rallies

and/or sell the breaks and it’s only a matter of time until they carry your account

to the graveyard for burial.

No trades today in the TURNKEY PAMM / MAM.

IN the last half of the European day [15 - 19 server time], IVIX INDEX level = 66,

which is good enough on the surface, but again, when all action is straight up or

straight down, it matters little cuz I can’t get any corrective activity to enter … it’s

as if the market has lost its ability to actually “trade” … and so, the bullshit from

August carries over to the new month on this first day of trading … this too shall

pass … no sense getting worked up over it, it is what it is and we move on … until

tomorrow … Onward & Upward!! 

-vegas