At the very heart of everything today when it comes to financial derivatives
trading, standing firmly perched in the center of EVERY SINGLE TRADE done in
multi trillions of dollars worldwide, are the scumbag bank liquidity providers
… the world just had to get rid of physical trading pits we’re told, cuz they
were so dishonest with filling brokers scamming orders to their favorite
“bagman”, and then splitting the skim … and what we end up with of course, is
a system 5000X worse than before, cuz the banks are much bigger thieves in bed
with the usual suspects with their hand out, then the “Cocaine Cowboys” that ran
the exchanges could ever think of being … and it doesn’t matter which traditional
financial derivative your talking about, whether it’s FX or “Stock Bellies”, the
scumbag banks have positioned themselves, right along with the HFT’s, to be in
the middle of every single trade … and as the pic above shows, here comes
your fill!
ALL EXCEPT ONE GROUP OF MARKETS! … and that would be crypto, where
banks / HFT’s got nothin’ to say about nuttin’ … OK, if you want to say there are
futures at the corrupt CME in Bitcoin, yea you would be correct … but that
market has no influence, no power, and is but a grain of sand in the Sahara
desert … it’s “financially settled” meaning it’s toothless, and their volumes &
open interest are very negligible compared to the worldwide cash market, as well
as other offshore platforms that trade “perpetual futures” [PHEMEX being simply
ONE example] … and … AND … the entire concept of crypto is OPEN BOOK
ORDER PLATFORMS, where EVERYBODY gets to be “the market”, and nobody
is stuck taking or leaving some shit weasel, scumbag bank off the market,
horseshit bid [sell] or offer [buy] that is still subject to horrendous slippage cuz
they can get away with it … and the dirty little “open secret” to gain access to
offshore trading, is that you agree in the “terms & conditions” of your account
agreement when you open an account, to allow the scumbag LP bank and/or
HFT to ALWAYS TREAT YOUR BUY/SELL “LIMIT ORDERS” AS “MARKET IF
TOUCHED” [MIT] ORDERS … “oh, what could possibly go wrong here? … and as
I have witnessed on numerous occasions with my own personal trading, EVERY
SINGLE TIME WITHOUT FAIL I’ve used a limit order to liquidate a position, the
LP gives me a shit fill off the market and nowhere near my limit price
… understand, this can’t happen on an open order book platform”!
Let’s dream for a second, shall we? … imagine you’re trading any of the FX major
pairs on an open book trading platform, and you & I can compete with the
scumbag LP banks via our bids and offers, along with volumes, and we can see
everything these shit weasels can see … if I have an order in to sell at “61”, there’s
no way you can run buy stops above 61 without filling MY ORDER FIRST CUZ IT’S
NOT POSSIBLE … and then imagine, that whoever it was [individual or institution]
that was a “taker” of my limit sell at “61”, has to pay me 0.025% of the notional
value of our trade! … for example, 100,000 EURUSD @ 1.16610 = $116, 610, and
0.025% of that = 116610 * 0.00025 = $29.15 … if you had access to markets like
this, YOU’D STAND IN LINE TO KILL SOMEBODY TO GET THIS!
Well Skippy, we do have it, and it’s called “CRYPTO” … I said the other day, and I
will update my comments from then … “I’ve made more money trading crypto in
October, than I’ve made the entire year COMBINED in all of these manipulated
shit markets on the MT4 and/or MT5”! … quite frankly, although I do trade
BTCUSD some, my favorite pair is LINK [ChainLink], which I mentioned in
yesterday’s blog post … do the math, and you’ll discover LINK runs “smoother”
than BTCUSD, and more importantly, it’s TWICE+ more volatile on a percentage
basis, with the spot market worldwide, trading CONSISTENTLY in excess of A
QUARTER OF A BILLION DOLLARS PER DAY!
OK, all of this is great, but you’re sitting out there and wondering how YOU can
benefit from all of this … am I right or am I right? … well, that comes on Sunday’s
Blog Update, where I end this series on Bitcoin trading [and if you’re smart,
you’ll be thinking not only BTC, but other pairs like LINK as well … some
enormous value in these other pairs, without the bullshit sometimes of BTC].
Turning to today’s manipulated markets … quite frankly, I’ve “had it” with gold as
a trading market … the shit weasel bullion bank LP’s mess with the spread
constantly, and there is literally ZERO consistency in pricing this market … in
other words, it’s a frickin’ mess … I literally don’t know what’s worse, 1) the stop
hunts out of nowhere, both buy & sell, 2) spreads blown to hell at the drop of a
hat, or 3) horrendous slippage on fills … and if you happen to get any of these, or
some or all of ‘em you’re gonna have a very bad day in an environment of
disappearing volumes & liquidity … problem is, that’s 99.9% of the day! … this
stuff is simply untradeable in its present form, and until spreads consistently go
back towards $0.08 - $ 0.13, it’s not a market I’m interested in trading … the never
ending shit we have to put up with from these jackals is mind boggling to say the
least! … adios gold.
OK, that means it’s back to Cable for the PAMM, not cuz I want to, but cuz it’s all
that’s left! … it’s by no means anything close to conditions in crypto, but at least
the HFT LP’s make a half ass attempt at Turnkey most times at making it close to
“acceptable” [maybe, but there’s nothing else that makes any sense
whatsoever!].
For the record, I switched over about 6:30 AM EST, or 14:30 server time, and since
that time it’s a bucket of slop … up a little, then down, now with about a 70 PIP
range with Europe closed now for about an hour or so … and like every other
market on the MT4 or MT5 that’s manipulated, nothing can be sustained in any
direction, longer than about an hour, and then it’s “speed of light” the other
direction trapping many traders who wonder I’m sure, “WTF is this”? … well, the
“this” is your shit weasel, scumbag bank LP that can see spec “order flow”
across interbank market platforms, and along with other shit weasel, scumbag
LP banks, they simply pick you apart at the seams setting off metatrader
indicator buy/sell signals … “you know, the ones you read about in that trading
book, right”? … Europe closed now on a Friday, I’ll pick Cable up Sunday night
into the start of next week.
No trades today in the Turnkey PAMM / MAM.
It is what it is, sorry to say, but if conditions aren’t right and the overwhelming
probability is for losses, why do it? … and if I had done it, there wouldn't have
been anything there in gold anybody would have been happy about … gold is
crooked, manipulated, vicious, wicked in its pricing, and IMHO it’s untradeble
… nothing left to say about that market … Cable is better obviously, but it’s all
relative since crypto is 1000X better than anything traditional markets offer
… and why is that? … cuz they ain’t manipulated by government and THEY
ARE FREE!
On Sunday’s blog update I’m gonna lay out how you can benefit from crypto
… there are 2 ways, and I’ll go over each option then … trading LINK [or BTC] is
like being back in the trading pit … you can’t hear everything, or feel the “fear &
greed” in the air, but it’s TRANSPARENT AS A TRADING PIT, AND NOBODY
[READ SCUMBAG BANKS] HAS AN ADVANTAGE CUZ EVERYBODY HAS TO TIP
THEIR HAND ON THE ORDER BOOK … this is what trading used to be, and sadly
the world has accepted the manipulations of the self anointed “smartest people
in the room” and now it’s common knowledge central banks manipulate … EXIT
QUESTION FOR TODAY: “Why should the banks have the advantages to our
disadvantage in any market?” … they shouldn’t … and in crypto pairs they aren’t
even players cuz they don’t have any crypto to play with, and the CNTRL-P
machine isn’t of any value … and it’s one of the big reasons among many, why
people are leaving traditional markets the world over and trading crypto … deny
it if you want, but it’s a fact!
One more important item on the plate today about crypto ,,, I no longer
recommend using MONARCH e-wallet to either store, receive, or send ANY
crypto, especially BTCUSD … my recommended e-wallet of choice is “ATOMIC”,
and directly below the link:
This wallet is as good as it gets! … support is excellent at getting back to you via
email if you have a question and/or problem, and there are tons upon tons of
YouTube vids to watch to fully utilize the wallet to its MAX … this wallet literally
supports ALL crypto coins worth their salt, on all of the block chains … one
feature I particularly like is the ability to easily set the transaction fee to an
appropriate level to insure FAST confirmation on the block chain by the miner, and
your transaction goes through with ZERO problems … and this is particularly
important when sending BTCUSD, cuz lately the miners have been demanding
higher network fees.
… outta here … until Sunday! … Onward & Upward!!
-vegas
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