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

WHAT GRINDS MY GEARS!

 

“Liquidity providers are pieces of dog shit, and deserve prison!!”

And while there isn’t anything we can do about it, that doesn’t mean I have to

like it or accept it … they are THIEVES PURE & SIMPLE! … not satisfied with

simply making a market and taking a small insignificant fee, they gouge the shit

out of us to the point of what won’t get them indicted … taking losses is part of

the game, but the way they steal from winners and then rub salt in your stab

wound on losses is reprehensible … why should trading finance be any different

than the rest of the country?

Tell the Morton salt girl to get the fuck off my back and stop pouring salt into

Coinexx stab wounds! … if you thought yesterday was bad, and it was, today’s

excursion into LP Hell beats it by a mile … some of the worst slippage fills I’ve

ever seen in my entire trading career on display at “Slippage FX”, a Coinexx and

Turnkey FUBAR production … must every ETHUSD fill be off the bid or offer by

at least $2+ … offer at 58, you get your buy fill at 63 … bid at 34, you get your sell

liquidation fill at 29.5 … what a bunch of bullshit! … prison would be too good

for ‘em! … your only hope of getting anywhere near a decent fill from these

assholes, is if you sell the green spike up or buy the red spike down … not a

guarantee of course, but at least you got a shot.

Double reversal in ETH with a $135 range in NY … quotes are a fucking mess,

with $5 - $7 gaps seen he last few minutes on the upside … and how about the

sell stop hunt earlier for some shits & giggles … once again today, Coinexx LP,

whoever the Hell it is, filling orders like they’re on crack … FUBAR top to bottom

to top!

Multiple trades today in ETH, and we’re DOWN A LITTLE NORTH OF 0.1% … the

dollar amounts aren’t at issue here, although I never like being down anything

… it’s the “trading process” that matters before you start slinging bigger

numbers … and the trading process at Coinexx demands a newer, fresher

approach that is faster than what we got now … quite frankly, it’s the reason

I’ve been delaying the release of the final version of the algorithm, simply cuz

it’s too slow and doesn’t respond fast enough whether you’re trading gold or

ETH … and while I of course know you can’t reduce all “false positives”, it’s the

sneaky ones that hurt the most … I think I’ve addressed that in its simplest

form, and what you’ll see in the days ahead is a very easy to use “user friendly”

approach even the dog could implement [I think] … details on the Sunday blog.

We simply have to beat the scumbag LP at Coinexx to the punch, and we can’t

do it even with ZLMA or the MACD fast/slow slope … by the time we see it, it’s

too “Hoover Dam” too late! … unless the market completely dies on the vine,

and we go back to $30 - $50 ranges for the day in ETH, and $10 - $15 daily

ranges in gold, the algorithm will work exceptionally well … and if that happens,

the parameters of the algo will go “soft” and flatline, a condition that tells you to

leave it alone … I don’t see either market going flatline for any extended period

our late day trades today were all using the newer version of the algo, and all

were winners … that wasn’t the case earlier, despite bullshit fills from scumbag

thieves … onto tomorrow!!

… OUTTA HERE … “The future’s so bright I need 2 pairs of sunglasses 😍😍,

and my own Brinks armored truck” 💓!! … Onward & Upward!!

-vegas

P.S.

Outta here a tad early today for my annual physical … “The Mrs.” dragging me

by my ear lobe and using my middle name … that’s never good is it?

WILL THE FED EVER STOP PRINTING MONEY?

 

“NOPE, NOT EVER!!”

Micro gold futures volume [VOL] on Friday traded over 300,000 contracts, which

is slightly less than 10X the open interest [OI] … 226,000 contracts traded

Monday, and about 180,00 contracts yesterday … clearly, interest is picking up,

and while I wouldn’t trade in the U.S. for any reason, but instead trade CFDs

offshore, you can bet the worldwide offshore volume was significantly higher

… and as long as POLS borrow money with no intention of ever paying it back,

and Apparatchiks at central banks monetize said debt, gold and silver will be in

focus! … unless there’s a revolution where heads get separated from shoulders,

I don’t ever see that happening … the idea of “kicking the can down the road”

and letting somebody else deal with the inflationary problems, is too enshrined

and easy to put into practice for them to ever stop … financial collapse is closer

than you think!

And when that happens, there WILL BE NO ESCAPE FROM THE BANANA

REPUBLIC! … government already knows more about you than any member of

your family, and it’s about to get worse, now that Uniparty RINO hacks in the

Clown College [retard section] just passed a spanking new authorization bill

giving the intelligence agencies [an oxymoron if there ever was one] sweeping

power over Americans ..  like the Stasi, KGB, & Stalin’s infamous NKVD,

ordinary Americans are treated by the “new Gestapo” with contempt, running

roughshod over constitutional rights in the name of “national security”, and of

course for the children … what a bunch of BULLSHIT! … it’s about POWER &

CONTROL over people’s lives, and it will make confiscating your wealth that

much easier … somewhere in the depths of Hell, Reinhard Heydrich is jealous

with envy at this so called “Democracy” that ain’t … you live in a Fascist

Technocracy, where capitalism is only paid lip service … the link below at ZH

with more details.

https://www.zerohedge.com/political/supercharged-spying-provision-buried-

terrifying-fisa-702-reauthorization

We’re starting to hit that important “inflection point” in monetary history, where

when SHTF it’s gonna be quick and furious … since 1971, when NIxon took the

Banana Republic off the Bretton Woods gold standard and introduced “fiat”, it’s

been a cascading series of problems and short term fixes that get worse,

worse-er, & worser-er-er every single year … the world is waking the fuck up,

with central banks all over the globe demanding gold, once held in New York, be

returned back to its original origin … why? … cuz they don’t trust the U.S. to

keep its word and deliver THEIR GOLD WHEN THEY WANT IT … since the end

of the Korean war, the U.S. has stabbed every single supposed ally in the back

and abandoned them, and now with the weaponization of the dollar, nobody

knows who’s next that falls out of favor with “The Swamp” and decides to

sanction you for political expediency … “So, gimme my fucking gold back!!”

The whole idea and premise of “BRICS” is to develop a system of international

payment solutions so that countries can bypass using the FED SWIFT system

and ditch the U.S. Dollar cuz of the potential problems it can lead a country into

… and part of that system is gold … I’ve said it before and I’ll say it again … the

U.S. is O.V.E.R. when Saudi Arabia starts accepting Chinese Yuan for oil payments

[that’s already begun!], and then STOPS ACCEPTING U.S. DOLLARS FOR OIL

… at that exact moment, good luck Banana Republic in your daily Treasury

auctions and paying the bills, not to mention all the freebie shit demanded by

“The Free Shit Army” that won’t be there any longer … and the price of gold?

… who knows, but it won’t be lower! … and all of those ILLEGAL IMMIGRANTS

BIDEN HAS LET IN, go on a terrorist rampage that the country can’t now afford to

confront cuz they can’t borrow money any longer to pay for anything … what a

shitshow that’ll be when it occurs, cuz that’s what the Elites want … they want

America to be over and done with … throw out the constitution and start over

as an authoritarian system of one party control and power … and more than

likely, you’ll be all for it!!

Quiet overnight, and it appears to me the ChiComs are playing their cards close

to the vest … no selloff in the Asian session, as they are gonna make the FED sell

it off so they can buy it … why should they sell it off and let the FED ring the

register for some short term gains? … make the FED sell MOAR! … the longer

we hang up here within striking distance of 2400 and the high around the 2430-ish

area, the bigger the next explosion will be to the upside … what does the FED

do then? … and what happens if silver goes parabolic as well? … demand for spot

silver is “off the charts”, with many mines going straight to end producers of

silver and skipping the “Comex cartel” altogether cuz they can get much better

pricing … spot silver is anywhere from $5 - $7 premium to futures!, IF YOU CAN

GET IT DELIVERED TO YOU … and if you need size? … OMG!, ask the Indians

how that’s going … quite frankly, I wouldn’t be surprised to see metals continue

to go hyperbolic up and until a bullion bank goes tapioca and forced out of

business … that kind of news portends a top IMHO … but we ain’t anywhere near

there yet! … [I don’t think, but today’s trading action worries me over the near

term and into the May - August cycle … they can’t even drive buy stops cuz

there’s no power there to drive it … everybody who wants to be long is

already long … now it’s sell stops turn in the sun … I could be wrong, but metals

already have very long over positioned specs with stops below … if history

repeats, which it almost surely does, the bullion banks and the FED will go

get them … question is, will the ChiComs let them or not? … we’ll see]

We got beat up today … chop in gold followed by sharp moves lower in

everything else, along with horrible fills from the Coinexx HFT LP, who robbed,

mugged, and raped us pretty hard … B.I. Itch all you want, they don’t care, and

getting through the spread to the other side in what seemed an impossible

scenario … when it doesn’t wanna go, it doesn’t … surprised to see no attempt

at 2400 the entire day … going forward, my first priority will be ETHUSD, which is

moving as well as can be expected given its ranges lately, which have been very

good … spread tighter relatively speaking than anything in gold or Bitcoin, but be

careful of the spread when it moves above $2+ … trade at that level and you’re

gonna get fucked royally by the scumbag LP … just warning you … volumes

upped today, and we’re on the wrong side of being DOWN JUST NORTH OF 0.6%

… I came in with thoughts of “day trading” more than scalping … fuck that!

… scalps, especially in ETH worked well, day trades in both gold and ETH didn’t

… lesson learned the hard way, even for somebody who’s been around trading

forever … volumes will remain high, and it’s the scalps I’m looking for and are

my “bread & butter” … if gold continues to go higher, I’ll look at it, but I’ll only

trade it if ETH goes dead … ETH is the better scalping vehicle hands down

… just as good as movement and a much tighter spread with usually low

slippage … today at times, that slippage in ETH was bullshit, but it’s bullshit

99% of the time in gold so what’s the difference if you get a “one off” in ETH?

… BTC is just plain stupid with its hundreds of dollars in moves up/down in

seconds … add some slippage to that pig along with a fat spread and see how

you feel … trust me, you won’t feel very good!

I’m somewhat surprised markets as a whole went lower hard today, as yields

went lower … it is what it is … it’s tough to see what group is leading and who’s

following … near its low today, ETHUSD has lost  roughly $800 in value over the

last 7 trading days during the week … talk about a sell stop bloodbath, this is it,

right along with BTCUSD … from my perspective, though, it makes a much better

trading vehicle when both sides panic, instead of the straight shots up or down

… onto tomorrow and ETH scalping! … [should have never left it to begin with!

… Oy Vey Maury, Oy Vey! … one more thing … I’ll be trading ETH to about 4 PM

EST, so look for blog posts sometime after 4 PM EST but before 5 PM EST … as

today proves once again, trading action in the last half of the day to the NYSE

close can be quite interesting, and I want to be there when scalps present

themselves … rough day today, but no worries … onto tomorrow!!

… OUTTA HERE … “The future’s so bright I need 2 pairs of sunglasses 😍😍,

and my own Brinks armored truck” 💓!! … Onward & Upward!!

-vegas