“Relax babe, it’s what do I trade today? … Cable, Unicorn Meat, or Bitcoin!?”
Decisions, decisions, & more decisions … but I will tell you this, if conditions are
right [and most times they are, ONLY at COINEXX] the clear “Winner winner,
chicken dinner” is BTC … quite frankly it isn’t even close.
Let’s face facts, shall we? … both Cable [GBPUSD], Tulip Bulbs [SP500, DOW30],
& NDX100 [Unicorn Meat] are manipulated beyond belief … granted, Cable is the
least manipulated of all the FX majors, but as today points out [see 14:00 server
time on the M1], POLS & Apparatchiks still love to fuck with it and feed the
mistress funds … and of course for Tulip Bulbs, they are the FED’s BFF, and feed
the growing need for propaganda, to a trading public that wants to believe … and,
say whatever you want about the Millenials & others who ONLY buy FAANG stocks
[or overpriced call options] on dips, and are castigated by many “pros” [cough,
bullshit, cough] for being naive while making money … and of all the indices,
clearly the NDX100 is the favorite “darling” for QE money direct from the CNTRL-P
machine over at faculty lounge HQ … cuz in the NDX100, absolutely nothing
matters … worldwide depression, falling sales of tech toys for Soyboys, earnings
in the shitter, no forward guidance, etc. & more etc. … all of this & more means
Zip, Zero, Zilch & Nada … it’s pure 100% fantasyland where the “greater fool
theory” is hard at work … it’s “musical chairs”, and let’s hope you can find a chair
when the music stops … how quick are you? … can you beat out the fat kid for a
chair”? … what’s nice about the NDX100 [or the other 2 if trading conditions are
right, which most of the time they’re NOT], is that unless shit is flying out of Asia
overnight [China], it’s a North American market where about 85%+ of the range is
gonna happen in NYSE hours [6 ½ to be exact]
Taking a peek under the hood, just for today so far, BTC has an average M1 range
of about $11 over the last few hours, GBPUSD about 3 ½ PIPs for an M1 range,
and the NDX100 [which is in pre-market] is about 4 index points for an M1 range
… at COINEXX [which btw, uses the exact same servers for indices & FX and has
the same commission structure ($2 per 100,000 notional round turn)] as Turnkey,
total cost to trade each is as follows; GBPUSD = ~1.1 PIPS, NDX100 = ~1.1 index
points, and BTCUSD = ~ $0.30 - $2.50 [variable] … doing the mental math, you
don’t need to be a rocket scientist to see that given the IVIX of BTC, it’s the clear
winner … unfortunately, as of right now, the PAMM / MAM at Turnkey doesn’t offer
BTC, or any other crypto trading for that matter, so trading BTC isn’t an option for
me … but if it was, it most likely would be the ONLY market I’d look at and trade
… on the bright side, though, I’m expecting Turnkey to bring Crypto sometime in
2020 … when I don’t know, but simply to stay competitive, they have to bring it on
board, and when they do I’d expect them to be a mirror of COINEXX for BTC.
Let me also point out, that unlike Turnkey that only offers dollar accounts,
COINEXX lets you choose how you want your account balances held … so, if
you’d rather hold funds in BTCUSD, then you can set your account up that way,
and profits / losses are either added [gains] or subtracted [losses] from your
account in BTC … quite frankly, IMHO this is the way to go, cuz when BTC goes
higher in value, all that BTC that’s been added to your account via algorithm
trades goes higher as well, and if BTC drops in price it means you get more BTC
when it’s converted from dollars … I see it as a “win-win” scenario, but to each
his/her own.
As I pointed out briefly yesterday, scumbag LP banks have no power or influence
in BTC, and the FED QE bullshit that feeds & influences both FX & the Tulip Bulbs,
is NO FACTOR in BTC … the BTC market is LITERALLY millions of people
worldwide, whether small traders or “whales”, that trade at dozens of crypto
exchanges, both centralized and decentralized], and make the market for ACTUAL
PHYSICAL BTC … you can only “pump & dump” or “dump & pump” if you first
have the BTC to do it … unlike gold, FX, or Tulip Bulbs, you can’t simply get the
central bank to wire you some freshly minted QE fiat from the CNTRL-P machine
to either “buy, Mortimer, buy!’ or “sell, Mortimer, sell!” … therefore, what results
in the only true marketplace left in the world, is the “greed & fear” cycle at work
… before 2008, this is how the world traded everything … now, outside of crypto,
it’s the central bank “shitshow circus” each & everyday, and it’s why nothing
makes any sense … it literally is ALL scumbag LP bank bullshit of 1) front
running institutional orders via their prop accounts located offshore, and 2) stop
hunts cuz they can see order flow while others can’t … don’t make me laugh
[cry lately] with any idea of “fun-durr-mentals” … only Chumps who watch
CNBC believe any of that shit, cuz they wanna “believe”.
As with anything in this world, there are “trade offs” to consider, and every “trade
off” comes with a price tag … there isn’t a single solitary thing in trading finance
that is “free”, OR is in the customers [you] favor … if you think otherwise, you’re
simply delusional, or haven’t looked closely enough to understand what’s going
on behind the promos … the downside of trading BTC at COINEXX are 1) high
relative margins, and 2) crypto is NOT open over the weekend … yes, during the
week you’re gonna get the “BEST” trading conditions for BTC hands down, and
it’s gonna make & save you a ton of money … but what if I don’t want to KYC to
open an account, and I love to trade the weekends? … then pay MORE to trade
and open an account at PRIMEXBT … for me personally, have accounts at both
… as to the margins for trading, once anybody opens a real account at COINEXX,
you have the ability inside the back office portal to accept the “margin bonus”,
and that increase leverage to 10X from 5X … which for me, between 5X and 10X
serves my needs just fine … at PRIMEXBT, the margin is 100X, so if that appeals
to you, then go for it, but understand YOU’RE PAYING FOR IT via much higher
commissions on each BTC trade … to be exact 50X higher! … and as an aside,
PRIMEXBT IS AS GOOD IN FX as either Turnkey and/or COINEXX.
In the NDX100, both COINEXX & TURNKEY have the same structure, so leverage
is 50X, RT commission is $0.10 per “1 lot” [1* the index] … CRYPTO ROCKET [CR]
is excellent in some stock indices, and equally bad in others … the European
indices are especially good … note, though, that a “1 lot” in most stock indices is
100* the index, so their RT commission structure, $$ for $$, is better than either
COINEXX or Turnkey … PRIMEXBT is simply not competitive in any of the stock
indices, so you’re wasting your time there if that’s what you want.
Some early morning trades in BTC highlighted over on the sister blog web site at
traderzoocrude.blogspot.com, where I’ve transitioned from crude oil to 100%
crypto, with the focus on BTC … check ‘em out!
Which brings me to today’s markets … once again, FX with simply atrocious
trading conditions … what the hell am I supposed to think about M1’s in Cable
that have ranges of 2 or 3 PIPS for hours, and then at the speed of light here
comes the 20 PIP M1 out of nowhere on a stop hunt, that when the banks have
finished mugging somebody, go right back to 2 - 3 PIP M1 ranges? … good grief.
Over the last 8 weeks, we’ve seen trading conditions in just about everything go
from normal to hell and back … some, like the DOW30 & DAX30, have NOT
returned to pre-virus conditions … fortunately for us, the NDX100 has, and so
starting today if Cable continues to fart around inside diddly ass ranges and
does nothing, I’ll be doing some NDX100 trades during NYSE hours … with good
ranges overall, and the cost to trade right there at about 1 index point, even with
a tiny bit of slippage [keeping fingers crossed], since I can’t trade Bitcoin like I
want to, at least the NDX100 will give us some movement with an above average
IVIX, without the horseshit found previously in the DOW30.
Only one good algorithm buy signal in NDX100 TODAY … TURNKEY PAMM / MAM
UP SLIGHTLY.
With Cable seeing a “double reversal” day [quite rare], off all kinds of “news”
flowing out of Britain, and early in the European session every bit of market “buy
fuel” eaten up by the moronic “Chuckleheads” in the final hour of Asia, this
isn’t/wasn’t a market I felt the least bit comfortable in today … shades of “The
Widow Maker” at work, and sure enough both long & shorts got taken to the
woodshed at some point by the banks … “”well hello NDX100, you good looking
Unicorn you! … all I can say is, it’s about fucking time you got the spread back to
normal [1 index point or LESS], cuz that 3.5 - 7 index point bullshit you had while
attempting to imitate BTC, isn’t gonna fly with me, no matter how low or high you
decide to go … and if you were somehow convinced by March 2020, that the
“88/6/6” paradigm of trading was/is OVER, I got news for you … it ain’t!
Cuz truth be revealed, the NDX100 is the FED’s’ new poster boy, as money floods
in like a Tsunami after a 9.0 earthquake, and quite frankly it’s the only game in
town … “I’m just wondering when they start trading “FAANG” index futures
[Facebook, Apple, Amazon, Netflix, & Google], so that the rest of the laggards in
all of the indices can go “buh bye” and that index can go to the moon and
beyond”?
The one trade I had today came right after the NYSE low was put in, and while the
fill was OK, and it was immediately profitable, algorithm signals are meant to go
NOW, not 5 minutes from now, and so when it stalled after a few minutes, I
liquidated to simply await another signal … and it just slow crawls higher in a 3
step up, 2 down to a new high for the day … quite frankly, I don’t care, cuz I’m not
looking for “slow crawls”, I’m anticipating “buy fuel”.
All else being equal, I’d rather trade BTC than anything else, cuz it’s the purest of
markets in the “free” market concept we used to take for granted in trading, and
the algorithm signals are pure bars of gold … see the sister blog
traderzoocrude.blogspot.com today for some personal trades I did via the algo,
but since I’m limited in that, if it’s between Cable & NDX100, I’ll choose the
NDX100 every time, simply cuz it’s in the “88/6/6” paradigm and Cable of course
isn’t anywhere close to that … I did notice today that spot gold [XAUUSD] has
had a bid/offer spread the entire day below $1 … that’s a first since the virus
crisis started, and it’s been from about $0.30 - $0.85 the entire day … “what’s the
matter scumbag bullion banks, isn’t there anybody trading that wants to pay you
assclowns Vito Coreleone “vig” to trade? … well, keep going, and maybe we’ll
meet up again when the spread gets back under $0.20 again [if ever]”.
Bottom line? … it’s all about the cost of trading and IVIX, and the ease of
algorithm signals … if it’s there, great … and if it’s not, see you later, and I’ll come
back when you’re behaving … now, who’s up for trading “Unicorn Meat”?… outta
here … until tomorrow mi amigos … Onward & Upward!!
Have a great day everybody!
-vegas
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