“What does this idiot, or his sycophants, do today that makes ZERO sense!?”
Well, today’s sickening headline is from the FDA, where one doctor said, “we’ll
never know if the vaccine is safe for kids until we give it to ‘em”! … wonderful, your
kids are now fucking research guinea pigs … kinda like Botox Pelsoi saying, “we
have to pass the bill to know what’s in it”! … this is what passes for government
competence these days … unreal but not unexpected in “Taliban Joe’s” regime
… get used to it, it’s gonna get worse!
Meanwhile over at Turnkey, the professional Grifters, a/k/a “liquidity providers”
[LP’s] have today raised the bid / offer spread in all of the “Stock Bellies” markets
… not much, a tenth of a point, but with ZERO going on in terms of market
movement, it begs the question of whether this is the start of another “bait &
switch” maneuver we’ve seen countless times in the past from the world’s
biggest thieves & crooks pretending to provide liquidity but instead are nothing
more than market makers trading against client order flow … of course, no matter
what they say, they’ll be lying through their teeth cuz that’s what they do … this
isn’t specific to Turnkey, so I imagine everywhere they’re pulling this bullshit cuz
they can … and what they’ll learn is what they’ve learned before but never seem
to remember, which is raising trader costs means LESS trading and revenue for
them … something to keep an eye on, cuz I simply do not under any
circumstances trust any LP to make honest & fair markets CONSISTENTLY over
time … they seem to always come back to their thieving ways sooner or later
when management gets greedy for revenue … this is something you DO NOT
SEE on “open order book” [OOB] platforms in crypto markets, where there is
complete transparency … here [Turnkey & every other MT4 / MT5 broker] we have
to trust the LP that quotes, bids / offers, and fills are legit, and most of the time
they are bullshit, being filled slightly off the market to line their pockets at trader
expense … they’re thieves, everybody that trades knows it … just another reason
why everyday sees more & more traders migrate over to crypto on the OOB
platforms.
Looking at “markets” [cough, bullshit, cough] today, at least so far as the sun
rises in New York, it’s “Deadsville” across everything [excluding crypto of course,
and to some extent crude oil] and the bullshit of central bank manipulative chop
continues … what a pile of trading garbage, where everything is a “coin flip”!
GOLD
“A little song, a little dance, a little seltzer down your pants”!, and that describes
gold perfectly as the “Comex Con Game” continues like it always has … this
market is stuck in mud up to its ass & can’t move! … most likely won’t move
until the FED meeting … just horrible trading conditions … today’s installment of
criminality right near the NYSE open, where for what seems like the umpteenth
million time price tries and miserably fails to scale past the 1810 - 1815 level
… and then proceeds to get “monkey hammered” right back to 1800 in about 7
minutes … thank you “Rally Protection Team” [RPT], you manipulators are doing
a “bang up” job screwing whoever is left trading this shit, with another
installment of the “Comex Con Game” … for sure, at some point the rallies will
stick, but it only happens when it happens and not before! … and what makes
gold particularly dangerous if you’re long, is the speed off rallies where it’s
vicious & quick for the red spikes lower, along with the accompanying slippage
from Hell added on by the scumbag HFT LP filling the order.
The key takeaway from gold is simple … unless this crap is moving and the
range decent, leave it the Hell alone cuz you have no chance against the
scumbag bullion dealer banks … and lately it hasn’t moved worth shit!
DAX40
The spread rises 20% today … in a market that can’t move to save its life, with
the 20 Day Range MA moving lower everyday, currently = approximately 158
index points and dropping faster than a stone in water … at the end of trading on
Friday, October 1, 2021, the 20 Day Range MA = approximately 285 index points,
and is now down 127 index points in that MA since then … that alone will tell you
how bad conditions have gotten in “el mucho quicko”! … a lot of it has to do with
sky high energy costs, mostly Natty Gas for EU delivery, which has been running
as high as $200 per barrel of crude oil on an equivalent energy cost basis, and
since most of the dinosaur zombie companies in Germany are construction,
manufacturing, and the like demanding high energy usage, up and until energy
costs start to subside, the DAX40 is most likely capped in terms of price … that in
and of itself shouldn’t affect trading per se, but it has, since there has been the last
2 weeks almost ZERO selling pressure.
Worse, worser, & worser-er-er … that pretty much sums up the DAX40, where today
in Europe, it put in a “power range” of 89 index points, and if you think that’s bad
it was in the 50’s for a long time today … terrible, what else can you say?
GBPJPY
I add this market to our trading list, and almost to the second it dies!
… bwhahahaha! … sitting today and doing NADA with a pathetic range well below
its 20 Day Range MA of 133 PIPS … unreal is all I’ll say, and with Europe closing a
whopping 67 PIP range. [I was hoping for a range of 66.6 to make it even more
unreal] … Oy Vey!
CRYPTO
BTC flies in the latter part of the Asian session going into the start of the
European session, and simply goes straight up over $2,000 before any corrective
activity at all … atypical for BTC, but it is what it is … by the time it corrected it
was already well past it’s 20 Day Range MA by about 10%+, meaning any
correction lower would have to be significant [1,000 - 1,500+] to get me in a trade
… well, that didn’t happen and here we are in mid afternoon New York where
activity has slowed significantly and there’s nothing but chop.
No trades in anything today, but it wasn’t for lack of trying or effort … I had
thought coming in that both gold & the DAX40 would be no different than
previous days and that was accurate, but thought GBPJPY would be moving and
give us multiple nice algo buy signals … that was a “no go” … the trading
algorithm needs VIX … simply LOW VIX will suffice, and the greater the better
… Hell, we can’t even get LOW VIX, and instead get VIX readings today off the
probability curve and into the negative region of the “Twilight Zone” for GBPJPY
…. Not a place any trader should want to be for a variety of reasons I’ve
mentioned before, not the least of which is there are no rules there … “you might
as well flip a frickin’ coin, and go with that”! … as I’ve said before, the DAX is
being hurt by skyrocketing energy costs in Europe, while the “Spoos” keep going
higher into new ATH and thus lending support, and that is leading to confusion
and very little price movement … gold is being hurt by the usual manipulators
[the RPT] that have the CNTRL-P machine, while rampant inflation supports, and
we end up with not so good trading conditions cuz nothing sticks … and while
today sucked for GBPJPY, giving us the worst range since Summer, I think it’s
simply a “one off” as both Cable and Yen rallied in unison today … with Yen
“waking up” now that there’s a new government, that should support decent
GBPJPY ranges and allow the algo to shine going forward.
Outta here … “the future looks so bright, I need sunglasses”! 😎
… Onward & Upward!!
-vegas
