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Friday, October 1, 2021

AND SUDDENLY VIX SHOWS UP … EVERYTHING IS BITCOIN

 

“Me & ViX, what a love affair through decades of trading!”

Nothing pisses me off more in trading markets than sharp rises / drops in intraday

VIX levels … balls out speed of light one minute, and then a few minutes later dead

as a bump on a log … like being in a CAT 5 Hurricane, and then the next day like

nothing happened the sky is so sunny and bright blue … except the damage left

behind of course, and markets are no different … and it’s the reason central bank

manipulators use it as their weapon of choice against specs … quite frankly, its

levels control behavior, and CONTROL is what they are after.


Last night’s Yen opening just a huge disappointment, in that they ran buy stops

too early, instead of probing the downside for capitulation, and cuz of that the Yen

trade today has turned into a bucket of dog poo … “oh, and looky here Ma, Cable

has gotten up off its ass and decided it wants to play now”! … the 20 Day Range

MA moving up quickly to almost 100 PIPS … now, if it could only stay here or go

higher! … cuz what drives me literally cashew nuts, is a 45 PIP range one day,

and the next it’s 130+ PIPS, followed by back & forth bullshit like this ad infinitum

nauseum … and to add further insult to injury, when I want to trade it and pay

attention to it, IT FUCKING DIES … and when I turn my back on it and ignore it,

IT FUCKING EXPLODES … “if it’s not too much to ask, could you please make

up your sick, twisted mind and act like a fucking market”? … asking for a friend.


Meanwhile over in “Stock Bellies”, the FED hasn’t quite lost control but they’re

getting there … a few “Plunge Protection Team” [PPT] buy programs to change

attitudes might do the trick in the short term, but with totally incompetent

leadership politically, as well as economically, “Stock Bellies” look to have a

rough road ahead of ‘em … and while everybody assumes the national debt will be

raised just in the nick of time to avoid default on Treasury debt, I wouldn’t be so

sure of that this time around … and get on the wrong side of this VIX fire when

it’s burning hot, and you will definitely feel the heat in your account … and so far

today with hours BEFORE THE NYSE OPENS? … no big deal, just about 500

down and then 500 straight up … WTF do you do with this? … thanks FED … now

into the third straight hour of UP … PPT much? … this is a trading joke.


In other news, no big deal unless you have to either work for a living or buy

things to live, and who does that? … fastest inflation in 30 years, but just

remember they keep saying “transitory”! … here’s the ZH link.


https://www.zerohedge.com/personal-finance/feds-favorite-inflation-signal-

surges-fastest-pace-30-years-savings-slump


You’d get treated better at a riverboat casino, than anything on the MT4 board

today … FX the joke it is, and “Stock Bellies” now in panic UP mode … you know,

“fun-durr-mentals” and all the rest of the bullshit propaganda thrown about by

the financial MSM … bid / offer changes and slippage in the DOW30 a nightmare

… when you have to risk $200 to make $25, something is wrong with this

equation … of course, not if you’re the scumbag LP bank … I didn’t get up this

morning to place roulette bets, yet this is all I’m offered … no thanks.


And then of course, there’s BTC, where right at the European open Bitcoin

exploded higher, and then had a couple of extra bursts for good measure during

the day … no news, just some “whale” buying and manipulation … no trading in

anything today … hell, looking at my screen as Europe opened, it was all over

before it began, with 20 Day Range MA’s blown to shit by a mile in just about

everything, and as the day progressed it got worse not better … and the worse

sector is by far the “Stock Bellies”, where now it’s full retard basket of kittens on

meth FOMO to the upside … I know trading, this ain’t it!


Come Monday’s trade I’ll be in the SP500 CFD, and while I got some minor issues

with this CFD, none of ‘em are deal killers, and I can work through them … I kept

waiting all frickin’ day for the DOW30 to “behave”, meaning give me a market that

isn’t 10 : 1 against me with spikes from hell all over the place . “yea, NO, sorry, no

can do”! … nobody but nobody out there is making the effort to make the DOW30

tradeable, simply cuz they can’t … the biggest problem with the DOW30 CFD, is

managing risk, and today sees $200 risk to reach for $25 … throw in some “MAX

slippage” to boot + commissions, and it makes trading the DOW30 analogous to

sitting at a slot machine pretending it’s “yours” … as I’ve said lately, Turnkey is

attempting to be a CFD “player” in the SP500 … their spread is 0.2 - 0.3 index

points most of the day and night, even when things get out of hand in either the

DOW or the NDX that spread stays pretty stable … RT commish is only 20 cents,

so basically to trade the CFD, your cost is only 1 tick above futures … so far in the

last month or two since they’ve made the commitment, I haven’t had any issues

with either latency or slippage … latency could be a tad better, but slippage has

been non-existent … trust me, you can’t say that about either the DOW or the

NDX! … then there’s the risk issue, where cuz of the way the CFD is structured,

risk can be managed 100X better than the other 2 … so, I’ll let the gamblers have

the DOW, and it’s on to the SP500.


Blog update on Sunday … outta here … “the future looks so bright, I need

sunglasses”! 😎 … Onward & Upward!!


-vegas



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