“When GBPUSD talks to you and pisses you off to no end!”
There are only 2 things that matter in trading ANY market … 1) what are the
scumbag LP banks doing in positioning the market [a/k/a order flow] to screw as
many specs as possible while enriching themselves, and 2) is there sufficient &
adequate IVIX [Intraday volatility] in the market to make money? … knowledge of
both are absolutely needed or you’re toast.
The trading algorithm parameters [both proprietary] measure both with scary as
hell deadly accuracy … when conditions are present, making money is 50X better
than owning a casino … when one or the other OR BOTH are absent, there’s only
one thing you can do … SIT & WAIT!
Outside of 1 day this entire week, and even that day wasn’t any great shakes, IVIX
has been AWOL … bad Skippy, very bad … cuz price lunging up or down straight,
followed by going sideways until the next time isn’t doing anybody any favors
… throw into the mix another worthless NFP Friday report from the math whiz
kids over at the Department of Unicorns & Fairy Tales, and you get the kind of
total bullshit NFP Friday trading days they have a well deserved reputation for
… and today is no different … and to a great extent, but not totally, the scumbag,
manipulative LP banks have a major impact on IVIX cuz of how they control and
manipulate order flow.
And I will simply remind people that historically the month of August is the worst
trading month of the year for FX … some years are OK, but many are total shit
… and this first week of August 2020 and I’m not impressed … so keep that in
mind as days will most likely appear with no trading results, cuz it’s better than
help funding the corrupt banks Christmas office parties this year.
It’s not even close, as this week is by far the worst week of the year for GBPUSD
IVIX as I measure it for trading … and nothing else is that great either, except gold,
but gold can’t be traded cuz of outrageous bid/offer spreads + slippage … “would
you pay 4 - 8 PIPS as a bid / offer spread to trade Euro or GBP if they had 200 PIP
ranges”? … [if you answered “yes”, please leave immediately] … well, that’s what
the scumbag bullion dealer banks want, and you just have to give them the middle
finger and walk.
Banks positioning order flow can and is measured very accurately, but it isn’t
enough cuz it can change quickly, and quite often you can buy Cable when
conditions are favorable and be down money cuz IVIX is dead and price is literally
not moving anywhere … we need both, and today is a complete “no show” on the
IVIX front, as it only lunges up, goes straight down, then lunges higher before
going sideways into the European close … ZERO corrective activity or volatility
between M1’s … so why should it be a surprise IVIX is almost completely dead in
the water today for GBPUSD?
No trades today in the TURNKEY PAMM / MAM.
Before I go today, I want to mention that the only place I know of where XAUUSD
[spot gold] bid/offer spread is relatively back to “normal”, meaning pre March
2020 CHICOM WUHAN KUNG FU FLU, is CRYPTO ROCKET [CR] … for the last
couple of weeks, and during this week, spread has been consistently been
between $0.15 - $0.35 … given the level of IVIX and new record all time highs, I
find this spread reasonable and fair valued … meanwhile PRIMEXBT stays
between $0.35 - $0.50, and Turnkey is all over the place between $0.30 - $1.00
… clearly, CR has the best gold conditions, and only PRIMEXBT is a few pennies
behind … Turnkey is simply Turnkey, using the worst LP’s known to exist
anywhere.
For those that don’t know, CR is a NO KYC brokerage house, accepting deposit /
withdraw in Bitcoin [BTC] ONLY … give them an email address, deposit some BTC
and you’re trading live … use Proton email [Free] and ALWAYS USE A VPN like
Torguard and be anywhere EXCEPT THE U.S. & NORTH KOREA … conditions all
week for trading gold via CR have been good to excellent … haven’t had any
nightmare fills trading my own account, and conditions have been ideal on the
IVIX front … use my affiliate link in the upper right column and you can be trading
gold come Monday! [or demo it as well] … and as a side note, CR has no money
management PAMM or MAM programs … if you open an account, you can hold
balances in either USD, EUR, GBP, or Bitcoin … it’s up to you … I most definitely
would hold balances in Bitcoin, but you’re a big boy / girl [or something else?]
and it’s your call since I’m not your Mom … maybe someday other houses [hello
Turnkey, you listening?] can get the gold bid/offer down to reasonable as well … I
didn’t say the CR spread was excellent, I said it was “fair” given the level of VIX &
IVIX we’re seeing … compared to GBPUSD, gold is outperforming on every IVIX
level I keep track of, including trading BTC … which btw, if you are looking to
trade BTC, there’s only BaseFEX & COINEXX that make any sense whatsoever,
otherwise you get ripped off to the max … those affiliate links in the right hand
column as well … and as I write, gold getting “monkey hammered” into the
weekend and putting in a “key reversal” top at the all time record high for price
on the daily candlestick charts … if it holds, it’s gonna be ugly! … we’ll see
won’t we?
Three days in a row of this bullshit in Cable, but it is what it is, and I just deal
with it … blog update on Sunday … outta here … until then
… Onward & Upward!!
-vegas
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