There really isn’t much more to say about traditional markets these days, except
the “joke” that they are even called markets anymore … up and until FX EVER
starts trading again, which is a very big “IF”, I’’m going to bypass commenting
on old, stale, manipulated FX, which IMHO is ready to die … “why is there no
range day after day? … why does nothing move, and all I see are reversals,
double reversals, & even triple reversals? … EASY PEEZEE: NOBODY is trading
it anymore, cuz they’re sick & tired of being sick and tired of getting ripped off by
bank scum & central bank manipulators, and en masse the crowd has left likely
to never come back … and why would you with crypto to trade?
After skunking retail specs last week, it looks like the “Comex Con Game” is set
for more fun & excitement in gold … “sell it to ‘em HIGH and get ‘em LONG, then
break the shit out of it over hours / days until their sell stops throw in the towel
[usually the Chuckleheads in Asia, but not always], and then start bidding the shit
out of it to get ‘em excited again.” … works every time they do it … gold today, on
EXPECTED high inflation news, rocketing back up in an hour and a half, almost
what it took 2 days+ to go down.
The big news today, though, is crypto with BTC & ETH vaulting to new ATH, and
thus proving once again the world wants it MOAR!, than the haters want it to go
up in flames simply cuz … 10 years from now, you won’t even remember MT4
markets with LP’s!
As I said the other day, you can think of gold as a “quasi” crypto pair … doesn’t
have the “oomph” of most crypto cuz it’s still heavily manipulated on the sell side,
but along with silver, they’re the only 2 markets on the MT4 worth anything
… everything else is throwing chips around in a casino and hoping to get lucky,
cuz either 1) spreads are too high, 2) not enough volatility, 3) slippage is
horrendous, or 4) ALL OF THE ABOVE … and so to “trade” gold, you have to
know & understand the manipulations, NEVER FOMO IT, and get the scumbag
LP banks to work for you … do that and you’ll be successful, but don’t do that
and you’re going out “toes up” soon … the big difference right now between gold
& crypto pairs, is that the crypto pairs give off many more algorithm signals than
gold, making them better pairs to trade.
Only ONE post CPI data algorithm buy signal in gold today … TURNKEY PAMM
UP SLIGHTLY LESS THAN 0.1%
Outside of that one signal, it’s been a non stop race to the moon … and unless we
get a healthy correction in price back down, there won’t be any more buy signals
cuz we’re already about 20% higher than its 20 Day Range MA, and it’s only
10 AM EST, AND gold ran straight $20+ higher, meaning once you get the
corrective break you don’t want it cuz it’s over … the algorithm gave that one
signal and it set up for a very good scalp trade … I didn’t hang onto it simply cuz
we were already close to the day’s 20 Day Range MA, and so you have to tread
lightly around that data and make any signals you get either scalps or you leave
it alone and skip the trade … once again today, “speed of light … crickets” … it’s
how manipulators control markets and inflict the greatest pain on specs, by these
massive ups / downs in IVIX [intraday volatility], and when it’s over it’s the
“Loser Formation”, and you’ll be lucky to get 10 cents outside of the spread … and
cuz of this, many specs fall into the trap of then simply buying breakouts or
buying rallies to attempt to make money … the “greater fool theory” is NOT a
good trading model, for the very simple reason that if you buy a rally, and then it
starts to correct, you got nothing to “hang your hat on” other than hope … and
it’s at this point they “got you”, and you don’t even know it … yet … you find that
out when your account balance goes steadily down.
Over in crypto, just another “whacko” day in the alt-coins, where 10% - 20% moves
up / down during the day, of a coins notional value, are the norm … the volumes in
some of these coins is staggering, and the very good news for a professional
trader like me, is that the vast majority of the players are FOMO-ing the shit out of
every price move, and so not only are the vast majority of players NEWBIES, and
there is barely any corporate or institutional players trading these coins, the
intraday volatility in these coins is simply “off the charts” … for example, here are
the 24 hour volumes in some of my favorite alt-coins, followed by current 6 hour
ranges [it’s about Noon EST. as I write] … ONT / 49.5 MILLION / 1,100 TICKS
… TRX / 8.7 BILLION / 1,500 TICKS … XRP / 4.8 BILLION / 1,600 TICKS
… ALGO / 63 MILLION / 500 TICKS … ADA 902 MILLION / 900 TICKS … of course,
there are dozens more pairs to choose, and not every coin every day goes
“whacko” … but seriously, compared to the bank / HFT crap that’s offered on the
MT4, if you’re looking to boost your trading profits, this is THE ONLY PLACE TO
BE … unless you actually take the time to make the comparison, you won’t
believe just how much more these crypto markets move, and by comparison, just
how stupid … YES STUPID! … it is to trade mainstream MT4 markets if your goal
is to make money!
That’s not to say there aren’t those who trade futures in any of the
“Stock Bellies” markets, but the vast majority of traders today don’t have the
money for the high margins required … ditto for crude oil … over in crypto, it’s
ALL “open order book”, meaning some guy who has a limit buy order in for
10 ONT @ 1.9000, will see his order on the order book … and up and until he gets
filled, there ain’t gonna be any trades below 1.90 … this is called
TRANSPARENCY, something MT4 / MT5 markets lack “bigly & yuge”, as there is
no such thing as a “LIMIT ORDER” on the MT4 OR MT5, cuz they are all
“MARKET IF TOUCHED [MIT] orders, meaning the scumbag LP bank is NOT HELD
to filling you at your price … instead, your limit price is treated like a stop order
and filled at the market, and that can be very far away sometimes in a fraction of
a second … I’ve given the link before, but without having to sign up for an
account, you can view the “open order book” in ONT [or any other pair] for
yourself at BINANCE and see what’s going on in real time … most orders between
1 - 10,000 ONT flowing through and being traded … the link directly below
… NOW, click on the link AND SEE FOR YOURSELF!
https://www.binance.com/en/futures/ONTUSDT_perpetual
Multiple trading signals today in ONT, “The Syndicate” UP 0.20%
Taking the trades when they come and banging out the scalps … I’m looking for a
perpetual futures coin that tracks gold, but haven’t been able to find one yet … I’ll
let everyone know if I find one, and if I do, more than likely it will be at BINANCE
… and if by chance ONT slows down, I’ll switch to one that’s moving, cuz there
are plenty of ‘em … quite frankly, crypto is a traders dream.
Just another great day in crypto, and another piece of garbage in everything
else … and when you realize it’s all by design to take your money, you shouldn’t
have any qualms about the freedom crypto markets offer.
Europe closed and now we’re into the New York afternoon, where markets go to
die or be manipulated … notice how 99%+ of all trading days in traditional
markets [excluding “Stonks”], the Gotham afternoon is “bigly & yuge” trouble?
… crypto different of course, cuz the virus scum of Wall Street banks can’t
manipulate it or control it … just another reason to trade crypto among dozens
… outta here, until tomorrow … “the future’s so bright I need sunglasses”! 😎
… Onward & Upward!!
-vegas
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