PRE APRIL FOOLS JOKE TRADING DAY

“Life & trading metaphor for March 2020!”

I dunno cuz I wasn’t around then in 1929, but it seems to me March 2020 goes

down as the absolute worst month EVER on record for financial markets … and

so why not end the month today with a complete fucking joke of a “trading” day,

where the pretend masters a/k/a scumbag LP banks, have made another

mockery of anything approaching what anybody would call a “market” in FX

… starting last night minutes before China opened, with a 4 M1

“Thelma & Louise” that took Cable down some 140+ PIPS before rocketing

back about 80 pIPS in seconds … nice stop hunt scumbags, that the ChiCom

financial MSM said was due to “end of quarter” dollar flows … “are these people

as stupid as the dope who bought 40 large the other day in the SP500 during the

last minutes of trading on the NYSE? … do you just go in at the “Tokyo fix” and

tell the scumbag bank you need “X” large and NOT worry about price? … exactly

what is it you do here?, cuz a chimp could do that, and more than than likely do

it better than the moron in charge of corporate dollar flows”!

And since that escapade, it’s “sleepytime” until 12 hours & change later, when

the FED announces a brand spanking new swap line for FX, and Cable goes

through another up spike from hell, going 50 PIPS in under a minute to a new

high … tallying the score, that’s 5 M1’s that account for the entire fucking day’s

range half way through the trading day, and so far about 175 PIPS … 800 minutes

of pure bullshit, and 5 minutes of the day’s range … but why should today be

any different than the previous 21 in March, where it’s mystery ticks galore,

spikes from hell, and stop runs by the usual suspects every 5 minutes or less?

… and so now, how many hours can we spend in Cable between the tips of that

one M1 spike?, as the minutes drift by and it’s back to horseshit chop like

nothing ever happened … OK, who wants to call this a “market”?

Not that it’s any better anywhere else on the MT4, cuz it isn’t … and since the

scumbag LP banks have taken a beating this month, time to introduce the

“trading tax” we all get to pay so they can get the money back from everybody

PIP by frickin’ PIP over the days and weeks ahead … wide bid/offer spreads for

no reason, slippage put on “triple fuck you” MAX, and by the end of April they’ll

have all their money back from March 2020 … so far today, it’s “mission

accomplished” from the casino operators, as they’ve flushed the longs, and

then went after the shorts, both sides getting clipped in seconds far and away

further from their stop levels than they realized possible when the trade was

entered, and now what? … what levels of hell does the U.S. session come forth

with, and what other surprises await traders from the “helicopter money” crowd?

… and of course, all at the speed of light … then crickets.

From where I’m sittin’, I see behind the scenes intervention by central banks for

Cable, pushing it relentlessly higher … why, I haven’t a clue, unless it’s part of a

Trump administration general push for a much weaker dollar going forward

… the shit simply will not break, no matter what they throw at it, including last

nights horseshit stop hunt on the downside, or the ones we’ve seen since the

NYSE day has started … from the European open, we’ve been straight up 130+

PIPS, with nary a pullback that lasts very long, and that to me smells of

intervention.

What can you say about a day, where everything, every move, has been sheer

panic … both up & down it doesn't matter … Cable is either a runaway freight

train going up, or it’s falling off a cliff, with almost nothing in between except

periods where it’s “scary quiet”, and then comes the next explosion … up, down,

rinse & repeat over & over again today, it’s exhausting the level of pure bullshit

this market exhibits, on moves that go ‘till they ain’t no more, turn around on a

frickin’ dime and start the panic in the other direction … whatever happened

years ago in “The Widow Maker” trading pit, pales in comparison to what is

transpiring today and for the last couple of weeks … I’ve never seen anything

like this, and the level of speed at which this shit moves is frightening.

Plenty of algorithm buy signals today in Cable, to “Hoover Dam” bad that every

single one was blown through like a Stihl chainsaw on high going through a soft

stick of butter … for example, one of them had a buy signal at 55, and the market

is trading at 38 bid - 40 offered … blink my eyes, and Cable is at 85 … “WTF is

that”? … click the button and get filled at the top of the up spike, and 4 minutes

later it’s back to 50 … now what? … this is what the whole day was like … there

simply is no room for signals … market goes so fast, and moves so viciously,

there’s no chance for a decent & fair fill … and then when it turns, look the fuck

out the other way, cuz there are no rules as to what this shit can do, how far it

can go, and whether it’s gonna stop before it literally destroys your position

… sure, you can use a stop, but if it gets hit off on one of those spikes, you’re

not gonna like what comes next … quite frankly, and this is no exaggeration, it’s

a nightmare controlling risk.

Gotham P.M., and that means the criminal banks of New York making the market,

and no thanks to that shit … I don’t care where they take this stuff before this

evening's China open … simply glad to be out of March 2020.

No trades today in the TURNKEY PAMM / MAM.

I have no idea how this shit settle the hell down for decent algorithm trades … it

can’t keep trading like this, cuz it’s too crazy … everything eventually has to

appear in markets, and I guess it’s time to be bat shit crazy … the algorithm can

handle bat shit crazy, but what neither it nor anybody else’s algorithms can

handle is unbridled panic both up & down the entire day, with no handle the

severity of the order flow panic … this is as FUBAR as I have ever seen an FX

market, as FOMO on both sides kicks in and we get some unreal moves in a very

short time period … onto a new month … until tomorrow mi amigos

… Onward & Upward!! 

Have a great day everybody!

-vegas

THE GREAT CORONAVIRUS BANK SCAM

“And of course, YOU get to foot the bill!”

Whether it’s government, crony capitalists, scumbag LP banks, bullion dealers

who belong in Hell, whatevs … none of these shit weasels will ever let a crisis go

to waste, and ALWAYS look to profit more from a crisis than before … quite frankly,

the world is not a pretty picture at the moment, nor is it looking like life going

forward is going to return to any semblance of “normal” you had before the

ChiComs let loose this bio-weapon upon humanity.

Quite frankly, I’m sick & tired of these shit weasel, scumbag LP banks we are

forced to trade with, that one day give us barely marginal spreads to trade with,

then the next day unleash holy hell upon us with spreads that would make Vito

Corleone blush with envy if he were alive to see it.

And it’s time to simply draw the proverbial “line in the sand” and say ENOUGH

WITH THIS SHIT … last night living proof, that until China opens about 4 hours

after the official start of the day at 5 PM EST, there is literally NOTHING you can

trade unless you want to hand some scumbag bank a shipload of free money

… once China opens, the only tradeable markets are EURUSD, USDJPY,

GBPUSD, AUDUSD, AUDJPY, NZDUSD, & NZDJPY … that’s it … even when

Europe opens, and the the U.S. comes in to round out the day, these are STILL

THE ONLY MARKETS TRADEABLE AT TURNKEY THAT MAKE ANY SENSE! … all

of the stock indices, shot to shit with spreads that make no sense whatsoever

… you pay for panic, but get nothing in return … gold & silver you can forget for a

long while, the CME finally figuring out how to”take out” the LBMA and their

“pesky” 1 OZ. increment XAUUSD CFD that robs them of market share … trade

futures now in gold, or go home … you simply cannot trust these asshats at the

LBMA to make a fair & honest market, one where the spread is 18 cents one

second, and then $1.89 the next second … that leaves the FX pairs, where the

pairs mentioned above the only ones you’d touch that make any sense to trade

given the horrific bid/offer spreads + slippage the others will guarantee you if you

trade ‘em.

Sadly, this is the state of affairs I’m faced with, and I can tell you right now I’m

not paying Vito to trade … “ain’t payin’ 1.5 - 2.0 index points to trade the SP500

CFD” … so screw the “stock bellies”, forget gold …  the PAMM / MAM trades

either GBPUSD, USDJPY, or EURUSD going forward, and it’s gonna take some

good arm twisting to see me go with something else, cuz quite frankly I’m pissed

off I gotta play “carousel” with scumbag banks over bid/offer spreads, and then

play “Price Is Right” in guessing which market on which day is gonna be a

winner at the expense of all the others … it’s tiring, and it’s robbing me of

performance at the expense of the trading algorithm, which by the way is

excellent.

So, while I should have been looking at Cable today, I spent my time from last

night wondering just when these shit weasels were going to make an honest

market in the SP500 CFD … answer? … try never, so screw ‘em … if the

PAMM / MAM were at CRYPTO ROCKET, it would be a completely different story,

but we ain’t there cuz they have no PAMM / MAM program, and aren’t going to be

getting one anytime soon … the FX pairs I listed above are “usually” tradeable

from the China open onward, unless something goes bat shit crazy and there’s

news to digest.

I literally hate this back & forth bullshit that’s handed out by the scumbag LP

banks … and since they all got caught with the huge increase in VIX the last few

weeks to a month, and most have suffered huge losses, the way they get it back

is by screwing retail spec … PIP by PIP, index point by index point, they take

back from us what their greed cost them … “welcome to the trading tax!” … the

only thing saving markets right now is FX, cuz the rest are a fucking joke … FX

so “bigly & yuge”, and the competition fierce, if they fuck that up they might as

well close their doors, and so these markets remain consistently stable no matter

what, with only minor dislocations when SHTF.

And what you have to realize, is that FX isn’t a “U.S. market”, it’s more of an

European market, with conditions being best from about 3:30 AM EST to about

1:30 P.M. - 2:00 P.M. EST … it’s during this time you’re going to get the best FX

movement, liquidity, and best spread conditions … New York is filled with only

money laundering criminals, so best avoided in the afternoon P.M. … these last

couple of weeks, every single day an adventure down the “rabbit hole” into

what seems like some kind of level of market hell, and it’s time it stopped right

here, right now … the brutal truth of the matter is simple … there is only one

market space that stays consistent whatever the case, and that’s FX … true,

“The Widow Maker” [GBPUSD] has woken up from a very long slumber, but even

so conditions are far better than anything you’ll find in stock indices or gold,

where it’s “Nightmare On Elm Street” every frickin’ second … time to return to

FX and stay there, come hell or high water.

No trades today in the TURNKEY PAMM / MAM.

So, back to Cable tonight … until tomorrow mi amigos … Onward & Upward!! 

Have a great day everybody!

-vegas

SUNDAY UPDATE: NEW ACCOUNT SERVICES @ CRYPTO ROCKET

“Seems legit!”

Late Friday, I got an email from CRYPTO ROCKET [CR], with information I think

people should know about … first though, opening an account there couldn’t be

easier; simply “click” the affiliate link logo in the upper right hand column, and

set up an account in seconds … there’s NO KYC, and all you need is an email

address, which as I’ve stated many, many times use a private, secure,

trustworthy, & anonymous email provider like “Proton Mail” out of Switzerland

… get a FREE account, or sign up and get premium features … secondly, use a

trusted, secure VPN, like “TorGuard” … I like TorGuard and use it regularly, and

what I like most about it, is that it’s super easy to set up, works great with any

streaming service you care to name, like your MT4 trading account, Netflix, Hulu,

YouTube, etc., and to become totally anonymous use BTC to pay … use

“50FORLIFEBUNDLE” promo code at checkout, and get 50% off annual

subscription price of $59.99, and pay only $29.99 … and TorGuard can be used

on 8 of your devices simultaneously, so you and everybody else in your family

can enjoy privacy & security on laptop PC, desktop PC, and/or smartphone

[Android or Apple] … why let the “Deep State” of government & the tech

companies, track your movements, analyze your surfing habits & spending

habits, sell your data and make bucks off of you?

When you sign up at CR through my affiliate link, they will ask you in your back

office portal to verify your email address … fine, no problem, and if you use an

email service like Proton email [or pick another if you like], there isn’t anything

there to identify you, so you’re completely anonymous … they will also ask to

verify your phone number, which isn’t required for full access to account features,

so if you want to give it to them, go ahead, but it’s not required. When you first

sign up at CR, you’re given 1) an account “wallet”, and 2) you create your demo

and/or live accounts … natch, first sign up for a demo and check out all of the

markets, their respective spreads, the volume sizes of a “1 lot” volume on the

order ticket, and how that relates to round turn [RT] commissions on what you’re

interested in trading. When you choose to open a “live” account, always use

Bitcoin [BTC] for deposit / withdrawal INTO OR OUT OF YOUR ACCOUNT

WALLET cuz it’s fast, super cheap [no fees!], totally anonymous, and nobody

gives a shit where it came from coming into your account, and cares even less

when sent out to a BTC e-wallet address you supply them.

Now, here’s what is “new” … when you send BTC into CR for deposit into your

ACCOUNT WALLET, you now have 4 choices to choose from as to how your

deposit will be reflected in your ACCOUNT WALLET … how do you want your

deposit in your ACCOUNT WALLET, 1) do you want to keep it in BTC, 2) do you

want CR to make the switch into U.S. Dollars? [no fees!], 3) do you want CR to

make the switch into EURO’s? [no fees!], or 4) do you want CR to make the

switch into BRITISH POUNDS? [no fees!] … you make the decision at the time

of the deposit request in BTC, when CR gives you the wallet address to send the

BTC into … and what I find very convenient, and very “Swiss banker-ish”, is that

you can have all 4 in your ACCOUNT WALLET at the same time, cuz each deposit

is treated separately … so whatever currency of the 4 you have your trading

account on the MT4 in, your account wallet can have ALL 4 on deposit … you can

have BTC, US DOLLARS, EURUSD, & GBPUSD … quite frankly, with a

“MONARCH” e-wallet I have written about before, there’s no need to have BTC

on deposit at CR, but it’s there if you want to … and at any time, you can convert

currency in your ACCOUNT WALLET into any of the others, although if you do

that often enough, I’m left wondering how long they will allow it … just sayin’

… in any event, you now have a multi currency account completely anonymous

… and should you decide to withdraw, whatever you are withdrawing is

converted to BTC and sent to your BTC e-wallet address.

I have found the 24/7 customer service at CR [live chat] to be one of the best I

have experienced, so if you have a problem with anything, like a BTC deposit or

withdrawal, or whether you need help being guided through something, like

opening a demo, they’re there to guide you through it … what’s remarkable to me,

is that over these last weeks of hyper volatility, CR is the place with the least

bid/offer surprises in its MT4 pairs … all houses are affected by the bullshit in

gold & silver, and in FX pairs [dollar majors & crosses] their spreads are

generally better than PRIMEXBT & TURNKEY … before all of this coronavirus

clusterfark on markets, all 3 were very close to each other in FX, and now

regrettably there are some wide discrepancies in popular pairs … e.g., in

GBPUSD I can trade most of the entire day at CR with a less than 2 PIP spread,

whereas the other 2 come in at 3 - 5 PIPS depending on the time of day

… however, the most surprising is in the stock indices, where CR is “head &

shoulders” above the other 2 … total cost to trade SP500 at CR is between

0.55 - 0.76 index points the ENTIRE DAY, with 0.55 held steady for the entirety

of the NYSE session … another example is the DAX30, where during Asia the

CR spread is about 2.2 index points, and then near the European open it drops

to 1.2 index points and stays there the rest of the day through the NYSE session

& close … compare that to Turnkey, where the DAX30 is between 6 - 10 index

points the entire day … I mean seriously, what’s your problem? … sadly, CR

doesn’t have a PAMM / MAM program, and in talking with management they

have no desire to start anytime soon cuz of the cost to run the program.

When trading stock indices at CR, you need to realize that a “1 lot” volume in

your order box is “100 * the index”! … do a “1 lot” and it’s $100 per index point

… trade the minimum lot, which is “0.01” and it’s $1 per point … most places

adopt “1 * the index” for volume purposes, but not at CR … same goes for

Crypto & stock CFD’s, so know your volumes before you start clicking buttons!

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

click on ANY table or chart to enlarge

Take a good look at these numbers … quite frankly, if they go higher from here

I don’t see how markets remain viable … this is insanity, this is Sparta! 

STOCK INDICES

DOW30

SP500

DAX30 & NDX100

IBEX35 & ESTOXX50

CAC40, FTSE100, & AUD200

HANG SENG 50 & NIKKEI 225

Of course, the VIX numbers don’t tell the whole story, as bid/offer spreads have

been blown to shit by the scumbag LP banks … the way the DOW30 trades now,

going 100+ index points in under a minute quite often, not to mention over 2 or 3

minutes, makes this market untradeable … however, spreads at CR for the

DOW30 from the European open to the NYSE close are the best you’re gonna

find out there … my point, though, is don’t overpay to trade.

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

Remember a few months ago when FX volatility was scraping all time lows going

back to the 1970’s? … what a difference a pandemic makes!

FX

GBPUSD, EURGBP, & USDJPY

GBPCHF, GBPAUD, & GBPCAD

AUDUSD, AUDJPY, & GBPNZD

This week sees “The Widow Maker” [a/k/a GBPUSD] come back to life after over

a decade of being asleep … there’s talk of central bank coordinated action in

Cable from Wednesday morning onward … a 1,000 PIP rally from early Monday

morning to the Friday close hasn’t been seen in a good long while, and after the

straight drop from 1.32 down to 1.14, unless you believe in the “Tooth Fairy”, a

1,000 PIP advance like we’ve seen this last week is almost impossible without

some kind of central bank manipulation.

PRECIOUS METALS

XAUUSD

XAGUSD

Quite frankly, after the complete clusterfark from the LBMA in XAUUSD this last

week, I don’t see how anybody trusts them again for like forever … a bigger

group of complete scumbags, I don’t know where you have to go to see it … it

should be noted, that from Wednesday on, volumes & ranges dropped

precipitously into the close on Friday, with Friday being completely void of

action compared to recent days and weeks … as well it should, as people

abandon these shit weasels and their now “high spread” XAUUSD spot market,

and either trade regular futures [100 OZ.] or “micro futures” [10 OZ.], where on

Friday the micro futures had total volume for the day of about 28,000 contracts

… it should also be noted, that futures are taking a hit as well, as in the past the

micro gold futures contract has on many occasions surpassed 100,000

contracts per day … going forward, I see nothing but trouble for “paper” gold,

and the bullshit shenanigans pulled by a group of scumbag bullion dealer banks,

that is going to completely ruin these markets … I could be wrong, of course,

but I don’t see XAUUSD recovering anytime soon … I sure as hell don’t trust

them to provide an honest market … look for the “gold world” to come up with

“physical futures” or spot, outside the corrupt U.S. & London locals, and

attempt to set up rival networks that mirror the physical market of gold … IMHO,

the world has “had it” with the paper thieves and daily bullshit that goes on

behind closed doors.

Since I didn’t make many trades last week, searching for a market that wasn’t

going to screw me being a top priority, I’m again shoving forward a week the

TURNKEY PAMM / MAM results … I’ll be updating starting next Sunday’s blog

post … trading the SP500, should see some good movement and algorithm

signals, so there will be enough data to matter.

Another interesting week dead ahead … until tomorrow mi amigos

… Onward & Upward!!

Have a great rest of your weekend everybody!

-vegas