ARE YOU KIDDING ME?

“Even Grandma can’t believe her trading screen!”

What level of trading hell did financial markets descend into last night? … the

NYSE about to open and gold has a $4 range for the day? … the DOW30, after

you consider the BS last night after the close and at the open, about 40 - 50 index

points? … even crude oil barely moving as well … did I break Asia & Europe last

night by being ready to trade? … sure as hell feels like it!

And with an hour before stocks open, I’m trying to determine if markets are dead

or the internet is down … yea, it’s that bad … what the hell happened here? … are

we in another “Twilight Zone” episode? … all I can say is that this is what happens

when POLS & Apparatchiks run markets … either it’s bat shit crazy at the speed

of light with all that it brings, OR it’s frickin’ “crickets” … this is bullshit.

Of course, what all this means, is simply the criminal New York banks get to take

over and “jack” markets around to their whim, and that usually means the “Flying

Wedge of Death” [FWD] is in our future today … dunno yet obviously, but if you

think they’re gonna make honest markets, I got some beachfront property in

Kansas you will surely be interested in seeing … and just like that, gold breaks,

and now we have a $6 & change range … oh wow, I got goosebumps all over.

Well, that didn’t take long did it? … A few hours and some soft economic

numbers, and Bingo!, Bango!, Boom!, and suddenly we’re hitting a new high in

gold … thank you FWD! … meanwhile, Turnkey being Turnkey and their scumbag

LP’s being scumbags, all the spreads get blown out in seconds on the soft

Richmond FED Index number … DOW30 from 1 - 2, to 4 -5 cuz they can … crude

oil goes 3 cents to 5 cents cuz they can … and gold goes to about 20 cents cuz

they can … add in slippage cuz they can, and the gold “net cost” to trade

balloons to about 40 cents per OZ. … no thanks scumbags … 45 minutes later,

and to nobody’s surprise, they’re ALL still there at the higher numbers … nothing

like honest markets, huh? … I guess we’re just not supposed to notice, though,

when the thief sticks a gun in our face and says, “stick ‘em up”! … what a joke.

And cuz he likes pain, and doesn’t think lightning can strike in two places within

2 days, our own Cousin It finds out yet again, how when gold get “squirrely”,

you have to leave it alone … good luck trading gold with 40+ cent “net costs”

… it eats unmercifully your gains [if you have any], while at the same time

rubbing salt into your wound when your trade turns sour … directly below a

snapshot of our spreads from Turnkey around 11 AM EST today.

You’ll notice both the DOW30 and crude oil simply untradeable … they aren’t

serious about making an honest and fair spread, so screw ‘em … gold tipping

the scales around 20 cents on the spread you see, but that’s an illusion due to

slippage … add another 20 cents automatically. Meanwhile Cable needs to get

“Brexit” out of the way before I touch it … until then it’s an accident waiting to

happen.

Well, since Turnkey won’t make a market in the DOW30, it leaves me no choice

but to trade the NDX100 … used to have problems with 1) time latency issues on

fills, and 2) slippage, but from what I’m seeing on the MT4 as it trades today, I

don’t see slippage as a problem here, and since they switched servers a couple

of months ago, I haven’t had any problems with delayed fills on market orders.

Only gold and the DOW30 are a problem at the moment. The DAX30, for its part

simply mirroring the DOW30 today and getting stuffed since the NYSE open

… before that, it was dead with little range and/or volumes. So, the DAX30 no help

to us today.

I don’t want to, but I simply refuse to trade when the scumbag LP’s refuse to

make an honest market … I’m not in the business to hand out free money,

especially to banker scum I despise and loathe almost as much as POLS,

Apparatchiks, exchange dictators, regulators, and brokerage house execs. If they

decide to “get with it” and give us back an honest market in the DOW30, I’ll go

back to it, but for now it’s nothing more than a “fool’s errand”.

Well now, did you think they were simply gonna let stocks slip into the sunset

without some kind of news event that would bring them back? … silly rabbit,

tricks are for kids! … and just like that, stocks soar, gold gets the

“Thelma & Louise” treatment, and stops are set off that benefit the scumbag

banks that sold it to you an hour ago, all on the “news” Trump is gonna release

transcripts of his phone call with the Ukrainian leader over Biden, who by the way

is the biggest crook in politics alive today … and once again, those that buy gold

and hang on, hoping for more, get taken to the woodshed yet again by the

scumbag bullion dealer banks … you think the banks didn’t know Trump was

gonna do this? … Ok, sure, tell yourself that … meanwhile, after you dump, they

pump!

So, another day of  money laundering in New York, and my guess is 99.9% of all

gold traders the worse for wear cuz of it … and stock short sellers get a

“Cousin It” moment of their own on the Trump news … I’ve been trading

professionally before many of you reading this were born, and I can tell you flat

out that “consistently” trying to make money from the short side of U.S. stock

indices will put you in the poor house … I don’t care if it’s not what you want to

hear … I’m not here to sugarcoat anything … I’m here to bring you the truth and

facts about trading … that’s why they are “80/10/10” markets, cuz that’s what the

data says!

Onto tomorrow and our venture back into the NDX100 … the algorithm here is

just as good as the DOW30 algorithm, the only difference between the two is

“scalability” and pricing … if gold can behave itself, I’ll be back to that as well

… until tomorrow mi amigos … Onward & Upward!!

Have a great day everybody!  

-vegas