“Thank you, I’ll sleep when I’m dead!”
Financially speaking, the world’s central banks have gone down the “rabbit hole”,
and the implications going forward are as destructive as the world will ever see
… and while there may be days where it appears “paint is drying on the wall”, we
all sit on that super volcano of hyperinflation, currency destruction &
debasement, Bitcoin to “only the Man above knows”, and trillions upon trillions
of dollars chasing assets of every stripe all over the place … I don’t see anything
quieting down anytime soon.
When it comes to trading FX, the clear winner is COINEXX … they use the exact
same servers as Turnkey Forex, but their commission structure is slightly better
… instead of 0.001% notional per side [$1 per 100,000 DOLLAR NOTIONAL], it’s a
flat $1 per 1 lot, where that = 100,000 notional … As for PRIMEXBT, same as
Turnkey … so basically you can’t go wrong at any of the 3 if you trade FX, but of
the 3, PRIMEXBT is the only one that is NO KYC to open an account … I will say
though, I am supremely happy with Turnkey in fills and latency filling orders, in
the FX space for the PAMM / MAM … and as we come off record lows in volatility
for FX in the last year, spanning almost 50 years, going forward is going to be
something to see IMHO … I’d be very surprised if it turns out to be a long, dull
Summer.
Today’s trading action in EURUSD one of the hardest I’ve seen in a good long
while … 20 hours+ into the day and the M1’s have a range average of about 1.8
PIPS … yea, 1.8 … there was a point during the day, where a swing of 4 PIPS
would take some of the algorithm parameters and turn them from very bullish to
very bearish, or vice versa … so far Cable no bargain either, in a 66 PIP range
hanging near its low of the day after swinging higher much earlier … 2 PM EST
sees the FED Twits with their faculty lounge minutes from the last meeting, so
there may be some FX fireworks at that point, but how long that would last is
anybody’s guess … today has seen a lot of people get hurt, I’m pretty sure … a
lot of “dumb money” was buying EURUSD above 1.09920, looking for a break of
1.10000 and some buy stops to make them some coin … it was up there a long
time, and algorithm parameters were screaming “overbought, dumb money at
work!” … again today, no flow to orders and it’s nothing but “lunge & sit
… rinse / repeat” ,,, earlier today, both JPM & UBS with notes to “Muppets” on
being bullish Cable & EURUSd going forward, and that seemed to be the only
impetus to any trading today … other than that it’s been a true “chopfest”, with
some wicked mystery ticks and spikes from hell sprinkled in from the criminal,
scumbag bank LP’s from front running institutional orders & spec stops … how
bad was it? … well, if every day was like this, I’d quit and go shovel elephant shit
at the circus for a living, cuz it would “smell” better!
I had my eye on Cable as well, and no bargains in that pair either … very tough
trading, only more slippage and bigger spikes from hell, all wrapped up in a 66 PIP
range … good grief … markets have ground to a halt now, waiting for “Mommy
Spicoli” to release precious minutes in about half an hour … “tell us again, how
dumping money on the world via helicopters gets rid of coronavirus, brings back
any of the freedoms were gonna lose as a result, or hires anybody going forward”?
… $100 loaf of bread coming soon to a grocery near you!
Minutes come and go, and we hang up where we were before they were released
… EURUSD still looks to threaten 1.10 later this afternoon or this evening … I’m
guessing massive buy stops above 1.10150 … we’ll see what happens.
Several algorithm buy signals today in EURUSD … PAMM / MAMM DOWN 0.1%
Signals were good, Turnkey was not, simple as that … boy, did the assclown LP’s
ever have the slippage meter set at MAX slippage today … but of course, we
already know they’re crooks, so nothing new here … but, in the scheme of things
not that big of a deal.
..… until tomorrow mi amigos … Onward & Upward!!
Have a great day everybody!
-vegas
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