TRUTH FOR SALE

“You mean to tell me that the “educational establishment” lied to you!?”

What kind of “vision” do you have for yourself? … how many different ways has

society at large lied to you about “Hoover Dam” everything? … truth is for sale

Skippy, in case you hadn’t noticed, and in today’s “Ministry of Truth” environment

we’re all stuck in, you have a choice to make … live & die on your feet as a free

person, or drink the Kool-Aid of the Progressive Libtard Left, and be constantly

aggrieved, outraged, unhappy, humorless, and a whiny little bitch living in Mom’s

basement? … “I guess the 8 years of Ex-Preezy Empty Suit didn’t quite solve

anything for you, now did it”?

So what is the real reason people fail at trading? … besides the obvious? … they

have no clue how markets actually work, why they are offered to you, and who

really is “The Chump” at the poker table? … and quite frankly, that ignorance is

at the heart of the problem.

The “thing” about “markets”, whether they are totally manipulated by government

Apparatchiks for the benefit of the global elite [cough, stock indices, cough], or

about the freest of the free you’re likely to ever see going forward [cough, Bitcoin,

cough], is that they expose in people their faulty logic & real truth about their

failings, and for many … too many … that is something that can’t be shifted onto

a “group committee” at work, others that didn’t help make the losing position, and

lays bare the fact you fucked up Skippy! … trading is all about “failing

successfully” … fact is, the truth hurts. So, you can either adapt or die like the

dinosaurs, the choice is yours … “I can bring the Chumps consistently donating

money to the banks to the table, but I can’t make them eat their veggies”!

I AM OUTRAGED!! … “Stock Bellies” only up less than 1% overnight? … WTF is

this? … how is a manipulator supposed to launder the gains for POLS &

Apparatchiks during the NYSE session, if he can’t meaningfully move FAANG

stocks higher from that 7-11 store in Tahiti during vapor hours? … good grief,

next thing you know, somebody will suggest “fun-durr-mentals” are at work here

… seriously, don’t even go there.

Cuz as we all know & more importantly are being told by “the truth tellers” at the

“Ministry of Truth” [a/k/a the faculty lounge, a/k/a the FED], literally “Everything Is

F-ing Awesome, Baby!” in everything … jobs everywhere, rising incomes

everywhere, freedoms expanding, & peace & prosperity for all, right? … [well, if

you’re a billionaire named Bezos, Gates, or Buffet, then sure] … errr, not so fast

but don’t worry the FED has got your back! … yea, about that … since 1913

fucking the middle class of “Murica one wrong policy decision after another, all

the while taking care of the global elites who give them their marching orders

… who cares what they say, it’s what they do that counts, and nothing they’ve

done for 107 years has benefited you … nothing!

Meanwhile, over in “Hucksterville” [a/k/a XAUUSD, or spot gold in London],

anybody but me notice ranges, volume, & liquidity drying up in our favorite

yellow pet rock? … and my best guess is it gets worse as gold gets “silverized”

in the weeks/months ahead … the ridiculous bid/offer spread demanded to trade

this shit, a/k/a “the traders tax”, a big reason to leave it alone and let it die

… only when the scumbag bullion bank dealers are 10 seconds from bankruptcy

via sparse trading revenues, will they abandon the new tax, and even then they

may choose to go out of business like Scotia, and totally leave the bullion

space … hang on a sec while I wipe tears from my eyes … OK, better now.

Isn’t it amazing, that in the dead of night, when nobody but the “Chuckleheads”

are awake, and quite frankly they don’t even matter much anymore to traditional

markets cuz they’re ALL trading crypto or in some casino somewhere playing

Pai Gow, U.S.. “Stock Bellies” can run like the wind, putting in up/down ranges

with abandon, but then let the sun come up in New York and all of a sudden the

money launderers show up and it’s “game over” … “I’m finding these

“coincidences” troubling”.

And I thought the biggest trading dopes in the world called the U.S. home

… after looking at the DAX30 this week, I may have to consider other parties

… since the low on May 14 @ approximately 10160, a scant 11 trading days ago,

today’s high in Asia @ 11827 puts the gain at 1,667 index points in 11 days … for

you Obama voters, no need to dust off that Common Core math book, I’ve done

all the heavy ciphering for you … it’s a gain of 16.4% … wait, wut! … what’s

happened in Germany over the last 11 days that their dinosaur socialist

companies can romp like this? … did the Grandma Schmidt’s of the world stop

dying in nursing homes? … did illegal immigrants stop pouring through

Germany’s borders? … does their economy have a snowballs chance in hell of

recovering a decades PLUS worth of GDP anytime soon? … well, it’s NINE!

NINE! NINE! all around the ballpark, as apparently the only investor dopes aren’t

simply living in Mom’s basement and trading FAANG stocks through Robinhood,

there in Europe as well! … well good luck Herr Skippy, cuz you’re gonna need

it … my guess is, I’ll be meeting up with some of your sell stop orders in the

days ahead.

While the U.S. indices are manipulated 24/7/365 by the usual suspects, the DAX30

is more of a “throwback” to the days of the pits … forget the HFT’s, and say hello

to the bank group “arbs” who are official “market makers” in the futures … that

means, buy & sell programs are very much in play, where futures versus a basket

of DAX30 stocks are arbitraged for guaranteed profit at futures expiration, while

they’re playing the spec public … not that you could tell via this week, as trading

has been a basket of shit.

The DAX30 is very much a “Gun & Run” market … meaning, the arbs “gun” for the

stops on both sides, and when hit they “run” the shit out of ‘em to exactly the

price level where a buy or sell program will take place if allowed to go any further

… this is what took place multiple times per day in the SP500 pit back in the day

… and what this means is that the DAX30 isn’t the kind of index that “runs” on a

consistent basis, although about 10% of the time over the years & decades since

inception around the turn of the century, it has put in some good runs … mostly

cuz it has to happen, like everything else in trading … but nearly 90% of the time it

“trades”, and when I say “trades”, I mean up / down with some goodly violent

swings that literally “skull fuck” traders who don’t have a clue how this puppy

behaves or what it can do … if there was a “Widow Maker” for indices like Cable

is for FX, this thing would be it! … I’ve seen more people get destroyed in the

DAX30 than any other index or indices combined for 2 big reasons … 1) they think

it correlates with U.S. indices, and 2) their stops get run with impunity, only to take

them out and then turn around and scream.

Bringing the DAX30 to present day, at most houses it opens the day when Japan

opens now, rather than the European pre-market … depending on the house

though, bid/offer spreads can be a big problem before Europe gets going around

09:00 server time … they can be good and they can be bad, and if you’re trading

the DAX30 with a very tight spread during European hours, chances are they

aren’t going to give you that in the Asian session … Turnkey & Coinexx [they both

use the same servers] have been running around 1.5 - 2.0 index points during the

European day, which isn’t the very best out there, but it’s still good … CRYPTO

ROCKET is at 1.4 … there are some good Australian houses, like “tradedirect365”

[tradedirect365.com.au], that offer DAX30 trading at 0.9 index point spread with

no commission, but they do not accept U.S. clients, and there is KYC.

So less than 1 index point either way isn’t going to be the reason you make / lose

money trading the DAX30 … sometimes it correlates with US indices, but often it

doesn’t … but if you buy rallies and sell breaks, they will carry you out toes up

… you simply can’t FOMO this stuff, or care about where it goes … trade it, don’t

date it!

Only one algorithm buy signal today in the DAX30 … TURNKEY PAMM / MAM UP

SLIGHTLY.

The big problem we’re facing this week is that a substantial portion, if not the

entire day’s range is occurring in the Asian session … then Europe opens and it’s

a bucket of shit, right along with the U.S. indices which have also blown their daily

range wad … today a perfect example of that … during the Asian session, the

DAX30 is all over the place … open in Europe and all the way to the close 9 - 10

hours later and we’re lucky to see 50 - 70 index points inside an oscillating

“Flying Wedge of Death” [FWD] complete with mystery ticks and spikes from hell

… hopefully, we can get back to somewhat “normal” conditions, and not simply

leave it up to panicking “Chuckleheads” trading from Mom’s basement somewhere

in Thailand … normally we’ll see 6 - 13 algorithm buy signals PER DAY in the

DAX30 during European hours, and in no way, shape, or form has the market even

come close to this so far this week … very disappointing, but whaddaya gonna

do? … it is what it is, and I deal with it … it would be the same if BTC had less

than $100 ranges, which happens from time to time … remember, EVERYTHING

has to happen, otherwise somebody has an advantage.

… outta here … until tomorrow mi amigos … Onward & Upward!!

Have a great day everybody!

-vegas