MARKETS HELD HOSTAGE

 

“Even Homer is disgusted with the casino today!”

And just like that, markets go “soggy wet toast” and we sit … another round of

Russia / Ukraine  “peace talks” on tap, with the usual gaggle of hangers on with

cell phones nearby to report on every rumor for the banks, large hedge funds,

and of course those sitting at the negotiation table.

What that means obviously, is that gold, oil, and the “Stock Bellies”  will hang

on every rumor and morsel, real or made up, and react accordingly like retarded

kittens on meth … meaning, it most likely will be a day of wicked M1 spikes from

Hell in those markets … what a clusterfark … welcome to markets held hostage

by Russians!

Meanwhile, FX appears to have taken sleeping pills … 7+ hours and GBPJPY

can’t even go 40 PIPS, which for a cross is pathetic … seriously FUBAR by all

measures … sure, I’ll trade it … IF IT FUCKING MOVES! … it moved, and if I had

a nickel every time Turnkey has lied to me or made assertions that were false,

I’d be super rich … and quite frankly, I’m finished talking to them about anything

… this comes today as we had multiple trades in GBPJPY … every entry and

liquidation a complete fucking nightmare of slippage … and when I say nightmare,

I mean Freddy Krueger level shit … simply embarrassing … if I had gotten the

fills I wanted, one would have been a scratch trade, and the other would have lost

a few pennies … but no, can’t have that and instead it’s robbery & rape time

… we’ve seen the kind of slippage these assholes hand out in “Stock Belies”

… well now it’s time to add FX currency pairs to the list, as the bid/offer spreads

are pure delusional phantoms … I’ll trade gold and lay with that market come Hell

or high water … and the only reason I screamed at them was to let them know

that I know what’s going on and find it unacceptable.

And I simply won’t trade shit that mistreats us … the algorithm did it’s job, the

brokerage house and their scumbag LP’s have not … not talkin’ about a lot of

money here, and in fact it’s the opposite, mere “Chump change”, and it’s why I

ALWAYS TEST THE WATERS FIRST before increasing volumes, to see how the

small fry shit gets treated. 

And when the small fry volumes get royally shit on, it’s time to tell the brokerage

house to go pound sand, cuz it’s nothing but a scam .., at least with gold, it’s

volatile enough for me to overcome shit like this if it happens, but you can’t say

the same with other markets, especially FX pairs … and quite frankly, I don’t

mind hanging my hat on the gold market, cuz along with crypto, the future is

bright indeed, as they are generally believed to be pairs that go up when

governments misbehave [inflation, money printing, wars, economic chaos]

… and there’s no shortage of those these days!

TURNKEY PAMM DOWN A HAIR ABOVE 0.1% today … like I said, the algo did

what it was supposed to do, nobody else did … quite frankly, I fucked up … I

believed their bullshit … well, that ain’t gonna happen again … when you get

right down to it, in theory it’s nice to have a “Plan B”, but gold gives enough in

terms of movement, range, & VIX, when push comes to shove the brutal truth is

there’s no need for another plan … crypto would be nice, but outside the

scumbag bullion dealers in gold, you’re right back to the same scumbag LP’s

that are ripping traders off in “Stock Bellies”, crude oil [today sees an 8 - 10 cent

bid/offer spread in WTI crude at Turnkey … simply unfucking real the level of

thievery], and FX pairs … simply stay away from the stop hunts around the lows,

along with some other protective parameters in the algorithm, and gold’s killer

slippage can be handled pretty well … well enough where I can’t remember the

last time I got caught in one.

What pisses me off to no end, and literally frosts my cupcake and turns neck

veins purple, is their brazen lying and hypocrisy … everything on the board

comes from scumbag LP’s, which in the case of FX are virus scum banks, and

for the CFD’s from HFT’s … the problem is, the quoted spread you see isn’t the

spread you’re gonna get to either buy or sell … they are worlds apart, and the

dirty little secret is, they can fill anybody anywhere they want … they don’t have

to or are required to, fill orders where a market is truly at … if you go to sell, they

can fill you at ZERO if they want to, and there’s nothing you can do about it

… banks and/or HFT’s WILL NEVER CHANGE A COMPUTER FILL FOR ANY

REASON, no matter how far off the market it might be … NEVER.

On the other hand, spot gold has its own set of criminals, which is the LBMA

[London Bullion Market Association], and here the bullion dealer LP’s are not

so bad as long as you can stay away from the stop hunts that can hurt you … at

least you usually know the quotes are “legit” and not phantom, something that

can’t be said at Turnkey with anything else, especially in their CFD’s.

The bottom line, though, is why should we have to put up with this shit? … and

you want me to trade bigger volumes? … with slippage like this? … you’re

fucking dreaming Turnkey, and so are your thieving LP’s … don’t get me wrong,

I can handle losing trades, I’m a big boy playing with other big boys … what I

detest is GETTING RIPPED OFF … legit losing trades is part of the game

… getting bent over a fence out back and told “I’ll like it” is another story … onto

gold and we’ll be just fine!

Gold today, having an inside day inside of another inside day from 2 days ago

… looks and smells like consolidation at higher levels to me … support in the

1920’s has been solid, while trips to the upper 1930’s gets sold pretty quickly

… tomorrow is another NFP Idiocy Day, so things have the potential to get real

interesting … geopolitical events and those rising interest rate forecasts that

got trashed are clearly supporting gold … bank selling and hopes for peace,

along with central banks stalling for time hoping inflation goes down, are giving

resistance … for now, the support looks solid and higher prices are ahead of us

… get price above 1980, and things will heat up quickly to the upside.

Before I go today, I want to be clear … losing a couple of bucks isn’t what upsets

me … getting mugged, robbed, and then raped IS … it ain’t about nickels and

dimes so to speak, it’s how our accounts are treated like shit … Turnkey needs

to learn this, but they never do cuz they don’t give a shit … in any event, onto

gold! … buckle up, we’re movin’ to the gold train!

Meanwhile over in crypto, BTC with a disappointing day of price action … all day

almost straight down with very limited upward price action … no trades today

in BTC … onto tomorrow.

… outta here … “The future’s so bright I need sunglasses”!! 😎😎

… Onward & Upward!!

-vegas

THE CLOWN COLLEGE PROM

 

“Three of the most corrupt, lying, hypocrites inside the Swamp!”

I wouldn’t listen to any of these 3 POS Assclowns if somebody paid me

… nothing they have ever said or will say is based in anything other than

propaganda for activist hacks … looking at the “lowlights” simply cuz you new

going in there would be some if not plenty of ‘em,  the bowl of warm Jello

really “wowed” ‘em didn’t he? … Quick, somebody tell him the difference

between Iran & Ukraine, cuz apparently he doesn’t know! … Bwahahaha!

Gold put on quite the show yesterday, with an almost $50 range to the upside

… today sees something quite different, culminating so far at least at 12:26 server

time [5:26 AM EST], with a sell stop run that cleaned out stops for about a $17 run

to the bottom in seconds that cleaned out yesterday’s long position holders

… “ahh yes, nothing like honest, fair, and above board scumbag bullion dealer

banks is there”? … and within a second or two it’s back up over $10, adding pain

to those who got their sell stop filled at the bottom [which would be everybody!]

… and so just like that, before the sun ever rises in New York for trading, gold has

a double reversal going with a $34 range … what the Hell am I supposed to do with

this, cuz unless something truly historic is gonna happen in gold today, the day

ahead is not gonna be anything but a frenzied “chopfest” of bullshit  nightmare

proportions? … of course people should be in jail, but we all know why that won’t

ever happen … now what, a triple reversal? … good question, now that the order

books have been blown to shit, and the locusts eat everything in sight! [raining

frogs come later, the day is still young] … and while the “Plunge Protection

Team” [PPT] furiously attempts to save “Stock Bellies” from going over a cliff,

“Hoover Dam” near every single trading day, equally important is the role of the

“Rally Protection Team” [RPT] to make sure gold is held down or smacked lower

… “it’s the Elites “gift” to the ChiComs & the Ruskies [surprise!] to allow these

2 to add massive gold reserves to their central banks and not have to pay higher

prices”.

And since this little Clusterfark, gold hasn’t moved in the last hour more than a

couple of bucks from the hourly median price … “OK everybody, we’re back to

making an honest & fair market! … really, we’re serious this time! … Hello,

anybody listening?” … sure, sure you are … just another lie in a long line of

succession that goes back decades and will never be dealt with ‘til somebody

of significance is sent to jail … don’t hold your breath.

More curve balls than you’ll see in a MLB game … quite frankly, there isn’t a

market on the board that’s ready for any kind of trading with double reversals,

and stop hunts that resemble nuclear weapon attacks, rather than anything to do

with “protection” from adverse moves … I come in and see this, and all I can do

is shake my head in disbelief, especially when after it’s over they walk gold back

up the hill to where it originally broke from on the stop hunt, and all of you

specs out there who got to sell the low on a stop, you can now buy it again $20

higher, 3 hours later … what a Grade A+ Clusterfark, thank you very much

scumbag bullion banks.

I told you days / weeks ago when all the rage was interest rate dot plot rate hikes,

and every day saw another scumbag Wall Street bank raise the number of rate

hikes, with JPM the winner right before the Russia invasion with a prediction of

9 in 2022, that they would FIND A REASON NOT TO DO IT! … well now, can you

say “get walked back” fast enough? … right now, the smart money is on “3”, with

even the March “slam dunk” it’s gonna be 50 bps from the smartest people in the

room, to now maybe NADA … I told you, interest rates can’t be allowed to go

significantly higher cuz of the national debt that is sky high … maybe a rate hike

for propaganda reasons, but surely not anything that’s gonna dent inflation

… and speaking of inflation, how do you like $115 crude oil? … wait a week, and

check gas prices then, when they’ll be another 20 - 30 cents higher than now

… but hey, no worries, “Taliban Joe” & Kammy assure us everything is F-ing

Awesome! … I mean, the Iranians will NEVER GIVE IN! … and if you somehow

voted for this demented, corrupt criminal, you should feel shame.

Now at the London Fix [close of European trading], and since 5 AM EST gold

has simply shit all over itself after the stop hunt from Hell … a worthless market

trapped inside a very small “Flying Wedge of Death” [FWD] with plenty of M1

spikes from Hell that went nowhere, other than to set off spec buy and/or sell

signals that the bullion banks then faded quicker than a dyed cheap suit in

sunshine … what a bucket of shit, especially disappointing after yesterday’s

stellar range … a step back for a second, you’ll remember I said yesterday that

with the new MT4 markets algorithm, since the VIX problem has been eliminated,

that the entirety of markets on the MT4 now become available to the PAMM,

where the main criteria for trading them will be 1) bid/offer spread, 2) relatively

high 20 Day Range MA versus other pairs no matter the market grouping, and

3) minimal slippage. 

Gold for its part gets “A” marks on #1 & #2, but lags [as you can see today with

that idiotic sell stop hunt] with slippage … what we need is a pair or number of

pairs that have NO CORRELATION TO THE GOLD PRICE, and yet fulfills the

criteria above … say hello and “welcome back” to GBPJPY! … current 20 Day

Range MA = approximately 128 PIPS, which is more than adequate, and the

spread today coming in around 0.5 - 1.0 PIPS, which is good, not excellent, but

again not a deal killer … and with the VIX problem out of the way [IT’S NOW

DYNAMIC NOT STATIC!], which gave me fits before when I attempted to trade

GBPJPY, cuz the signals leaked too much buy fuel and lagged the M1’s on a move

up … that left me to either buy late or do nothing, and quite frankly that’s a

bullshit scenario … well, now that isn’t a problem in the vast majority of cases,

cuz our signals are much closer to bottoms without a corresponding increase in

“false positives” … yes, a major victory! … but the key is this pair has nothing to

do with gold and how it trades … you simply can’t say, “well gold is slow today,

no point in looking at GBPJPY cuz it’ll be slow as well … nope, that pig ain’t

gonna fly [vice versa as well] … quite frankly, I didn’t see today as a bullshit day

when trading ended yesterday, so even though I knew we needed a complement

pair that was non correlated, the need for it came sooner than I expected.

Cuz here’s the dirty little secret about gold … downside action is completely

skewed higher than upside rallies, especially when the short term trend is

heading lower … here is where you have to walk away from buying dips, unless

you like shit like what happened this morning at 5:26 AM EST, cuz by the time

you see the dreaded large red M1 spike it’s too “Hoover Dam” late … and what

if, like today after 5 AM, it’s about 99% short term trend lower? … gonna pull the

trigger on that Russian Roulette revolver to the long side? … yea, well not me!

… and it’s why it begs for complementary pairs that can be traded in a snap of

the fingers and trading can commence there … well one of those pairs is

GBPJPY, and another is EURJPY, and after that the list shortens quickly cuz the

spreads rise, or the ranges aren’t consistently high enough [e.g., AUDJPY and/or

EURGBP].

Not like I had a choice in the matter today via gold, unless I made a conscious

decision to violate algorithm rules … the day over before it began … no trades

today for the Turnkey PAMM … if gold acts badly, I simply switch to GBPJPY

and go from there … this isn’t exactly how I wanted to start the new algo trading

by going 0 for 3 days, but you simply roll with the punches and move forward

… it’s a long month, and we’ll be fine … given the war time scenario in FX at the

moment, there’s no lack of buy signals in GBPJPY, so tomorrow will see the

PAMM trade.

Meanwhile, over in crypto land, BTC is wild while everything else wilts on the

vine … simply unreal how fast BTC can run to the upside [or downside] when

pressed by the whales … no trades for “The Syndicate” today, as every single

buy signal got ran through quicker than a chainsaw through a soft butter stick

… if I had clicked the buy button, I shudder to think where the fill would have

been … I’m thinkin’ $100 - $300 off where I wanted it to be, and that’s

unacceptable … no problem, just move onto tomorrow.

… outta here … “The future’s so bright I need sunglasses”!! 😎😎

… Onward & Upward!!

-vegas

I THINK I MADE A MISTAKE ONCE, BUT I WAS MISTAKEN

 

“Chasing the Benji’s … finding the tree with the lowest hanging fruit!”

Yesterday we got war headlines to wait for that never came, and today I got

internet disruptions that saw access down ‘til right around 9 AM EST from

overnight … that time of year where upgrades to the system in prep for

hurricane season that starts in 90 days take shape … prior years usually saw

that happen on Sunday night’s, but I guess the slaves at the ISP don’t like

working into the very wee hours of a Monday … was supposed to be back on at

6 AM, but hey, what’s 3 hours late among “friends”? … not exactly how I

envisioned starting off the MT4 algo, but in any event, what next, it rains frogs

or simply locusts? … but it’s all back now, so onto the day.

So how do you find the right market that suits you? … it can’t be as simple as just

the highest VIX market, cuz bid/offer spread, commissions if any, and slippage all

enter the equation … we now have a trading algo that allows for any market on the

MT4 [excluding crypto], and for me the answer is, “does it allow for highly

profitable scalps where there are multiple opportunities for trades, with a tight

bid/offer spread, and very little if any slippage” … and as I found out yesterday

getting raped by Turnkey’s thieving LP’s in the SP500, worse getting in than out

but they both were bad, it sure as hell ain’t the “Stock Bellies” … it would be

different if I was trading futures, but we aren’t, we’re in CFD’s … and that means

the scumbag LP can price and fill anybody anywhere he wants to, whether it’s

fair or not, whether it’s off the market, any fucking place he pleases!

By contrast, with the algo I have now, it doesn’t make any difference whether

Cable, EUR, Yen, OR GOLD are slow or hot or anyplace in between, cuz the algo

automatically adjusts for changing volatilities on the fly in real time … and that

means I’m getting the exact parameters I need for trades based on up to the

minute VIX … no guessing … and so, even though they don’t approach the VIX of

“Stock Bellies”, and the ranges are relatively smaller than the “Spoos”, they are

better markets by far to scalp cuz you get more signals, can be on either side

[long or short], the spreads in FX at Turnkey excellent, and most of the time

slippage is minimal or ZERO [noting of course, gold does have its moments].

None of these factors you find in “Stock Bellies”, and when SHTF, like now for

example, you can go hours without a signal cuz the market is either going

straight up or straight down … although that can happen in FX, it happens far

less often … then there’s gold … quite frankly, I think I was wrong about the next

3 - 6 months [I know, I can hardly believe it myself!] … that forecast was

predicated on a quick Russia / Ukraine resolution, and higher rates to come to

the fore and put a lid on gold … well, it looks as though the Ruskies got some

resistance, and this looks and feels like another protracted minor war, with all of

the consequences that go with it … idiot POLS & Apparatchiks in the west, with

of course “Taliban Joe” leading from behind, think harsh sanctions against

Russia are only gonna affect Russia … guess again Idiots … it’s gonna mean sky

high oil prices, foodstuff problems, and inflation ain’t gonna be going away

anytime soon … and with some of the froth taken out of rate increase fever, all of

this is gonna prop gold … so yea, I’m gonna be looking at it AGAIN every day for

opportunities going forward … if the war goes away, and everything becomes

peace and love again in that part of the world, and the issues satisfactorily

resolved for everyone, I’ll reassess where gold goes and how to trade it … until

then, though, it’s got the potential for explosive upside potential … quite frankly,

I was to quick on the draw to dismiss gold and go over to the “Spoos”, as I

should have kept my eyes on gold the whole time … in the infamous words of

the Mrs., “live and learn Newbie!” 

And suddenly the “Spoos” are tanking … General Clueless tonight with his fairy

tale SOTU address … will he pass out crayons and coloring books? … and if

the “Spoos” don’t realize it yet, the realization is gonna come that a protracted

war via Russia / Ukraine that lasts for months isn’t gonna be any help for

“Stonks” … maybe I can get another Stimmy check?

Hard to argue with the action in gold … I mean, whaddya want? … today almost

a $40 range and we’re 2 plus hours to the close … the 20 Day Range MA =

approximately $28.81, which is pretty “Hoover Dam” good … this market sees

right through what’s going on and doesn’t like the outlook for the world one iota

… and the move today is telling everyone, there isn’t gonna be any quick

resolution anytime soon … that means buy gold buy crypto, especially BTC, cuz

as hundreds of millions of people are finding out the hard way, governments and

their BFF, the scumbag banks, can and will seize your accounts [Canada], shut

the doors and simply aren’t open [Ukraine & Russia], and track your every move

… given today’s clusterfark with internet, it wouldn’t have mattered much anyway

cuz by the time I got around to markets, gold had already hit the range of the day

very close to $28 … more importantly, though, the signals are [no pun intended]

solid gold bars! … OK, onto tomorrow, and if it starts raining frogs, I’m gonna

start popping some brewskies! … no trades today in the Turnkey PAMM.

Over in crypto land, BTC goes from “sleepytime” for days / weeks at a time, and

then goes full retard basket of kittens on meth … and when you can’t bank, you

finally understand the purpose of crypto, especially BTC … multiple trades in

BTC today for “The Syndicate”, and we ended UP FRACTIONALLY … trading

action simply volatile on steroids … throw in a false flag on a trade, and it’s a

hustle to get back to even … onto tomorrow here as well. 

Much more on gold tomorrow … outta here … “The future’s so bright I need

sunglasses”!! 😎😎… Onward & Upward!!

-vegas