“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
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