And with that propaganda speech in the can, is there any human being with a
functioning brain cell, that actually believes a single word that senile, corrupt
Dope says? … put a fork in it Skippy!
I had a feeling today’s market action would be bad, but this is ridiculous [so far]
… outside of the crypto alt-coins, like ONT and TRX, you can’t find anything that
is moving [oh, but stay tuned] … ranges so small in FX they beg comparison with
pencil smudges on the daily candlestick charts … this is pathetic but not
unexpected cuz tomorrow sees another NFP Friday, where job growth is
expected to explode, and you have to wonder how much of this is already priced
into FX pairs, especially Yen … guesstimates are all over the place, with the high
seen by JPM of 1.8 million jobs … quite frankly, anything is possible with the
corrupt math whiz kids over at the Department of Unicorns & Fairy Tales, so who
knows what bogus bullshit they’ll dream up this month? … in any event, it’s got
the FX crowd of scumbag banks keeping a tight lid on VIX today, and it’ll be a
miracle if anything starts running later … I seriously doubt it, but who knows with
these scumbags?
Well, that was special … 5 ½ hours of a 25 PIP-ish range in GBPJPY, with so little
volume and liquidity it was scary … then “Stonks” open and it’s straight up the
wall, as the 10 YR. Treasury goes panic bid … but again like yesterday, the
“London Fix” saw somebody or group of somebody’s buy the Yen … and as a
result, down goes the cross to just above where it was most of the European
session [about 10 - 20 PIPS away is all] … ranges tight, and the trading action
sucked … and it feels like the entire world is positioned LONG CABLE/YEN going
into this month’s NFP report tomorrow … it better show gangbuster job growth,
or there’s gonna be hell to pay in USDJPY to the downside … and even if it is, I’m
not so sure it will matter cuz the entire world is positioned long, and going into
an Easter weekend, if the ship starts to leak water, what will the rats do? … that’s
easy … what do rats always do? … abandon ship! … not prediction’, just sayin’.
The story of the last 48 hours, though, are the metals … about frickin’ time they
showed a pulse! … combo of short covering, a double bottom low, and some new
buying have shoved gold sharply higher “el quicko” … question is, does it have
legs and can bulls get price above 1750 … if it’s a gangbuster jobs report, and
interest rates rip higher, probably not … but if there’s any disappointment
[like ADP], and the numbers aren’t quite as good as they were expected to be,
there exists the chance of a really good rip higher … we’ll see, but gold is closed
tomorrow so we got to wait ‘till Monday [Easter night] … that could be interesting!
It’s also nice to see gold get a bid/offer spread back in the teens this week …
today Turnkey showing $0.13 - $0.20 cent per OZ. spread, and a RT commish rate
of about 2 ½ cents per OZ. … with excellent latency, no slippage of any
significance, and the LOWEST COST TO TRADE of anywhere I’ve seen in gold,
and given the decent ranges, that makes it definitely tradeable, so I’m adding
gold back to the trading list, to go along with GBPJPY … if these 2 ain’t moving
somewhere, then nothing else is going anywhere either … btw, while I intend to
mostly trade gold from the long side, I won’t shy away from the short side when
appropriate … as I said yesterday, gold has lost quite a bit of luster over the last
years as an investment of “buy & hold”, just in case … in case of what? … cuz it
hasn’t done a very good job of either hedging risk, or delivering returns during
“Stonks” weakness … on the other hand, it’s all a function of where the spread
+ commissions are at, in relation to what the value of the 20 Day Range MA is, to
either make it a great vehicle to trade or not … and given the conditions now, yea
it’s better than anything in FX, including Cable/Yen … fact is, I’d rather trade gold
than GBPJPY, but it’s all a function of cost … widgets, gold, soiled underwear
futures, what the hell is the difference, we’re here to make money … and for
months running it’s been tough cuz the scumbag LP’s and bullion banks in gold
for the last year, up ‘till recently, have artificially kept the gold spread inflated very
high … about frickin’ time it’s back to where it should be … my only hope is it
stays here in the teens and doesn’t blow out again … cuz if it can stay, then
ranges above $20+ make for great algorithm markets due to the volatility … I
never left gold, it left me the last year! … I will also add, that I’m quite happy &
relieved spreads in gold have come back to where they were last February before
the pandemic hoax … for the longest time, it looked like exorbitant spreads would
become the norm and the gold trade completely ruined by the scumbag bullion
bank LP’s … I hope we don’t ever see shit like that happen ever again! … and
with Bitcoin, for all intents & purposes, a trading nightmare with super high
spreads + “gas” [that’s commissions for you Biden voters] that easily approaches
$50 - $100 PER TRADE PER 1 BTC, pretty much all that’s left to trade on the
MT4 / MT5 is either GBPJPY or gold … the rest of the CFD’s are a ripoff joke.
Tomorrow’s bogus [they’re all bogus and have been for 40 years] NFP is gonna see
all hell breaking loose minutes after the report … look for some wild ass swings in
the 10 YR. and Yen to lead the way … forget “Stock Bellies”, cuz the CFD’s are
1) a ripoff, 2) a ripoff, and 3) a ripoff, plus “Stonks” are closed tomorrow … get
the picture? … and once we get through this weekend and on the other side of
Easter, at least we’ll have 2 markets to trade that move … it should be a powerful
month!
No trades today for the TURNKEY PAMM.
Maybe I trade tomorrow, but it all depends on the action … what are Cable/Yen
conditions like 30 minutes after the report [remember, gold is closed] … decent
or do they suck? … we’ll see … as for today, outside of the NYSE open rip for
“Stonks” that saw bonds catch a powerful bid, this was a completely empty day
for FX … one of the worst European sessions for FX I’ve ever seen … onto
tomorrow’s pretend trading day.
Over in crypto, good action in the Asian session, especially for ONT & TRX … so
what else is new, as in crypto it goes double, maybe triple … “Asia flies, the rest
of the world dies”! … all my trades done early, and since midway through the
European session ‘till now in the New York afternoon [9+ hours], ONT has seen
maybe a 7 cent range … contrast that to Asia, where it was 30+ cents … when
the alt-coins move, they’re trading magic cuz the algorithm nails them to the
frickin’ wall!
Multiple trades in ONT today for ”The Syndicate”, and we’re UP
APPROXIMATELY 0.2%
Good algo signals and some quick scalps … volumes picking up this week
definitely … liquidity only an issue if you’re trading spot in excess of about $20
thousand stuff per trade, and even then the slippage wouldn’t be that much … the
issue here, though, is NO FEES and how that makes trading life in these alt-coins
a breath of fresh air … e.g., in ONT the price is quoted to the 4th decimal place,
and the usual spread is 0.0005 cents … and while there are thousands at each tick,
these ticks don’t last and change quickly, so using market orders is imperative cuz
they don’t cost you anything … it’s not uncommon for ONT to run 0.0100 - 0.0200
up/down [or more!] straight with no trades, but the bids/offers simply change going
up/down rather fast … in these markets, he who hesitates gets “whacked”, and
with a very high number of amateur traders lurking around, spending and trading
some “Stimmy” money, “fear & greed” are the prime motivators in these alt-coins
moving … especially to the upside, where I’ve never in my life seen so many
FOMO traders buying a panic, then minutes later the same volumes are selling
the rip lower … a sight to see for those sick & tired of manipulated, horseshit
central bank markets.
Who knows what tomorrow brings, but into next week either gold or Cable/Yen
should … I stress should … should give us the needed IVIX utilizing the trading
algorithm … I dearly wish I could trade the alt-coins for the PAMM, but that most
likely is never gonna happen cuz you really need an “open order book” platform
for that … and the MT4 or MT5 is never gonna be “open book”, it’s straight
scumbag LP all the way, especially since MetaTrader [I think] does the money
management software … so, we make do with what we got and live with it … as
I’ve said many times, anybody is free to join “The Syndicate”, where I trade
crypto under the best conditions available … right now, it’s the only option to
trade crypto without getting ripped off “bigly & yuge”.
… until tomorrow … “the future’s so bright I need sunglasses”! 😎
… Onward & Upward!!
-vegas
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