Careful what you wish for, cuz you just may get it … “oh and we got it alright, but
just cuz I’m thirsty for water doesn’t mean I drink enough to kill me"! … and right
now in Bitcoin [BTCUSD], and for the last days as well, it’s simply untradeable in
its present form … today sees an M1 go almost $800 lower, with another and
another $400+, with an IVIX INDEX level reading of between 700 - 1100 for the day
… it isn’t getting in that’s the problem, the problem is getting out, and there’s the
“rub” cuz if the trade has gone bad, there are literally NO RULES ON THE WAY
DOWN! … squirrel farts have deeper significance than any “liquidity” you can
point to, cuz there is NONE … bids/offers are meaningless cuz they change so
fast, and can be $50 - $100+ apart within 1 second … the basis is a joke, seeing
-$50 to +$100 sentiment moves within seconds … and if you’re dumb enough to
use any kind of stop order in this clusterfark, I hope you know what’s gonna
happen next … like I said before in a previous blog post, we’re seeing in Bitcoin
unprecedented, consistent volatility eruptions that aren’t going away, and to my
knowledge nobody has ever seen before over weeks … sure the HOAX pandemic
back in March crushed stocks and other markets, but it lasted less than 10 days,
and then things returned to normal … this shit in BTCUSD is entering its THIRD
MONTH! … and it keeps getting worse by the day … and until it slows the hell
down, it’s untradeable, cuz the risks here are off the charts in less time than it
takes you to blink your eyes.
Then on the other side of the “Looney Tunes” village inside “The Twilight Zone”,
we got EURUSD, which if it were a person it would have been carted off to the
old folks home months ago and on some kind of death watch list … at least here
early, same old shit different day, with the biggest bank scam known to man
… can’t put in any kind of range over hours, and then cuz the banks say so,
explodes in a supernova like I said so yesterday in 1 M1 … sure, honest & fair
markets … WTF is that, where does it exist, I’d like to go there please! … but no,
the entire trading universe stuck in a gigantic pile of trading shit, controlled,
manipulated, and for the benefit of the scumbag LP banks … criminal beyond
belief, but nothing is ever done about it cuz we all know why … what a complete
clusterfark of nothingness!
Then oh boy, here it finally comes! … EURUSD broke above 1.20 … break out
the champagne … see what happens next when the ECB marches out some
Doofus Apparatchik and says, “Not So Fast”! … that and record LONG positions
in EURUSD futures over at CME, and I’m sure everything will be orderly &
peaceful when the banks let all of you out … even with the breakout, so what?
… where’s the “trading action”, where’s the volume, cuz after 1 M1 spike from
hell to burn the buy stops, all I see is a market that isn’t moving … is a group of
somebody’s selling? … Gee, wonder who that could be said nobody EVER … but,
and this in a nutshell is exactly the problem with EURUSD as a market to trade,
the range for the day cuz of the Asian session is now 129 PIPS! … OK, can we
keep this up going forward? … cuz as I’ve stated before, it doesn’t do anybody
any good to see this kind of range today on a Tuesday, if the next 3 days of the
week are sub 60 PIP range days … and making it even worse, none of this comes
during the meat part of the European session, instead [like yesterday’s down
move] starting at the end of the day around the “London Fix” and then bleeding
over into New York, where of course the virus scum of Wall Street is gonna
“pump & dump” to screw specs and enrich themselves in the process.
From an algorithm perspective, EURUSD these last few days has been an utter
disaster … simply not enough movement up or down to do anything
… Ohhhhhhhh, let me check my big girl panties cuz EURUSD has now got a
60 PIP range from the European open … not exactly Bitcoin now is it? … and of
course, it all happens right around the “London Fix” for FX … gotta fill all those
dopey institutions & corporate types at the high or low of the day, don’t we
scumbag banks? … yea, more proof of all that honestly in trading FX on parade,
right? … again, the thievery here is epic … so, to wrap the trading up in EURUSD
for 9+ hours of complete horseshit, it’s about 8 hours & 59 minutes of Lawrence
Welk, and 1 minute of Bitcoin when it’s slow … seriously, I need a drink
… however, the market gets a needed boost of an extended range today after the
“Fix”, for reasons I stated above … and with that hilarious buy stop hunt, IVIX
INDEX level has climbed the wall, all the way up into the 40’s … “Oh stop before
I pee!” … do we now just dribble along, or is there gonna actually be any trading
of this stuff? … asking for a friend!
Don’t get me wrong here … if, and it’s a gigantic “IF”, EURUSD can put in any
kind of decent range during the European session, the trading algorithm literally
kills this market … so, what’s decent? … anything OVER ABOUT 50 PIPS … today
sees that [FINALLY!] for a refreshing change … cuz here’s the deal … with a usual
bid/offer spread of 0.1 - 0.2 PIPS, and a RT commission of $2 /100,000 notional,
anything over ½ a PIP is profit, making this market ideal IF IT CAN MOVE SOME
AND “F-ING” TRADE! … no problems with Turnkey either in trade latency or
slippage in EURUSD … in other words, an ideal market … if not, though, the
algorithm parameters collapse onto each other rendering the whole trading
process a moot point, and I’m left watching grass try & grow In December in North
Dakota … so today late, we finally get some much needed movement.
Algorithm trade signal trades today in EURUSD … TURNKEY PAMM / MAM UP
SLIGHTLY LESS THAN 0.1%
Trading for “The Syndicate” resulted in nothing done today … can’t trade a BTC
market that is literally insane, moving multiple hundreds of dollars within
seconds, or even worse at times, and never slowing down one single iota the
entire day, no matter the time zone … what’s going on now is literally, no joke
here, the worst intraday volatility I’ve ever seen in major markets in my trading
life, and I’ve been around for ALL OF IT stretching back into the 1970’s … this is
pure stupidity on steroids … I’ll have a detailed look at BTC trading, along with
how “The Syndicate” is going to handle this in tomorrow’s blog post.
Is there any sanity left anywhere? … mostly dead [EURUSD] or Charlie Manson
INSANE [Bitcoin] ... some choice, huh? … until tomorrow … Onward & Upward!!
-vegas
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