From just the last couple of months, just remember “Build the Taliban Back Better
Again”!, “No American left behind”!, “inflation is transitory”!, and who can forget
“the adults are now in charge”! … I could list plenty more, but my computer lacks
the necessary memory to finish the list … has “propaganda” from government at
every level ever been more prevalent than it is now? … have traditional financial
markets ever been more manipulated? … quite frankly, I see a disturbing
correlation here, that the “Little Joe Stalin’s” think you’re too stupid to notice.
Although crude oil is a traditional market, it’s way more of a physical
commodities market than a financial market … markets as far back as time itself
have always been subject to manipulation, but those groups doing it did it for
profit, unlike the group of Satanists running the FED and manipulating financial
markets for enriching the Elite class over the middle class … and they’ve been
doing it since 1913.
Crude oil shares some of the things that make crypto the very best trading
markets going, but there are items that are worrisome as well, so while crude is
up there near the top in terms of volatility when it comes, like other markets there
is ZERO transparency in pricing, no accountability for shit fills off the market, and
no mechanism to judge slippage … you simply get the shit sandwich to eat, and
too bad if you don’t like it … sprinkle some more cinnamon on it is their preferred
solution.
What makes crypto the best markets going, specifically BTC, are things you can’t
get on the MT4 / MT5, or other proprietary platforms that emulate Metatrader, and
that goes for the entire list of markets offered … 1) an “open order book” platform,
where every order is seen by others, and where every order no matter how small
enjoys the same privileges as the big boys … in other words, complete
transparency … all you get on the MT4 / MT5 is an LP who wants you to think their
bid / offers are on the market, but where you really have no idea if that’s true or not,
and 99.99% of the time they aren’t fair or on the market … 2) limit orders that really
are limit orders and not the bullshit “Market If Touched” [MIT] orders EVERY
SINGLE LIMIT BECOMES ONCE TOUCHED … and that leads to some very ugly fills
in a fast market, where they win of course, and you lose … 3) markets [crypto
pairs] that trade 24/7/365 and never close … the market is always there and open,
so if you wanna trade on a Saturday night you have the option … 4) your order,
and your money IS THE MARKET … your options are different than simply having
to sell the scumbag LP bank bid, or buy the scumbag LP bank offer, and it’s this
option that scares the banks the most cuz they want ZERO competition and a
sole monopoly in terms of determining pricing … and last but certainly not least
5) bank bullshit and the FED’s CNTRL-P machine don’t mean shit in crypto, so the
scumbag banks are mainly ABSENT from the trade, and that means almost 100%
of the trading action is driven by spec order flows … and with millions upon
millions of “Noob’s” trading worldwide in every time zone, going FOMO on the
way up, and panic selling on the way down, about 100+ times a day, and thus
creating unheard of volatility in terms of ranges, this is as close to “trading
heaven” a professional trader like me is ever going to see!
And all of that and more, is present in crypto and generally totally absent from
the manipulated markets … just another reason why Government Apparatchiks
at the Lizard Lounge [a/k/a the FED] hate crypto … can’t control it, can’t
manipulate it, can’t effectively tax it, so I don’t care what they say it’s simply
propaganda, and more than anything puts the POWER OF MONEY in the hands
of the individual and takes it away from corrupt government … in other words,
“go piss up a rope fellas”!
Inflation numbers today at 8:30 AM EST, and then at 11:00 AM EST tomorrow
comes the crude oil inventory numbers, where for a few minutes crude goes
spastic like “Stonks” do for NFP numbers … this comes every Wednesday, but
Monday was Columbus Day, so it’s a day late this week, and it’s just something
you have to skip, unless you like playing “crude oil roulette” … tomorrow,
unless something can move crude in Europe, the trading day really starts
after the crude inventories number.
Reversal, double reversal, & even triple reversal days are now commonplace
among the manipulated markets … not surprising really, cuz manipulators gotta
be manipulating to keep the narrative, and produce the “skim” necessary for the
POLS, Apparatchiks, & regulators … today’s excursion into bribery, corruption,
& graft comes from the ECB and the BOE, which today announced that they will
no longer have “secret” meetings with bankers … “well, isn’t that special”?
… right up there with water will no longer be wet cuz we say so! … it seems
there’s a call for a member of the ECB to resign over financial trades … hey, no
problem, the FED Lizards do it so what’s the big deal? … still wanna believe
things are on the “up & up”?
Crude today can’t get out of its own way, and not much happening except some
very small probes lower hunting for stops … now at the London Fix, crude almost
a full dollar under its 20 Day Range MA … some hours to go for the day, but the
M1 trading action is pathetic … nothing really poppin’ or droppin’, but instead
just sitting … quite frankly, longs feel tired up here, but that won’t mean much if
there’s news to pop it … this market needs a day or two of price declines to weed
out some froth, and if it doesn’t get it, you know what happens next at some point
… and then out of nowhere, from the bottom to the top straight up the fickin’ wall
… still can’t expand the range, and M1 trading action is terrible today … now into
the New York afternoon, there isn’t anything positive to say about crude today
from a trading perspective except disappointing … just not seeing any kind of
flow to the M1’s, cuz remember, we got a 3 cent spread to scale, so the M1’s need
to be moving, and for the last hour at least, this stuff can’t move 5 cents on the
bid side to save its life … not what I want to see moving into the afternoon trade
… if things hold where they’re at now, one of the worst range days since the dog
days of Summer … and as I write, in the blink of an eye, the buy stops get blown
out, and crude goes from 80.65 to over 81.00 … if I wanted shit like this, I’d stay
in gold! … and of course, once the stops are filled by whoever really wanted to
sell it, it’s right back down the rat hole to where it started “el mucho quicko”, just
a penny or two from 80.65 … third day in a row of this type of bullshit, where the
bottoms have been wicked “V” shaped moonshots, followed by nothing much,
followed by buy stops getting it stuck to them with ZERO mercy … all with
“Flying Wedge of Death” [FWD] trading patterns that get specs to buy rallies
and sell breaks, cuz they’re looking for an expansion of the range, which doesn’t
come … as I said yesterday, it’s too early in the calendar for crude to be popping
to multi year highs … longs need to be flushed at a minimum … “well, there was
5 minutes of fun for those that got sucked in long on a supposed breakout!
… can you say “pump & dump”? … yes, oil companies and large hedge funds
in oil can read trading books and look at charts to”!
No trading today in the Turnkey PAMM. The trading action simply terrible.
I want to be clear here … I’m not looking for some big selloff in oil in order to get
long … I’m looking for time tested “patterns” that produce bottoms, before the
panic buying starts … and since we’re dealing with probabilities here, remember
that in the long run EVERYTHING HAPPENS, meaning there are gonna be bottoms
we don’t capture cuz we can’t model them … and “V” shaped bottoms that then
scream higher can’t be modeled effectively, and so we miss them … no big deal
cuz nothing is 100% … but when you see it 3 days in a row, it does have a
tendency to piss you off some … “well, welcome to trading Skippy”! … and with
today’s action, on the daily candlestick we got 2 “Dojis” at the high of a 7 year
timeframe … trust me, this is gonna set off some alarm bells among the
positioned longs, if tomorrow we see crude head lower … “Dojis” represent
indecision, and after big moves they very often show up right before the trend
changes … not prediction’, just sayin’.
Meanwhile over in crypto, another reversal day where the M1 RANGES for the
day in BTCUSD perpetual futures, are AVERAGING over $70+ when market action
is “slow”, and right around $130 when action is moving … read that again and
ask yourself why traders have abandoned traditional markets … imagine if you
will, EURUSD with M1 ranges of 10+ PIPS, and a daily range of 400 - 500 PIPS, with
low spread & cheap RT commissions … think you could make any money if that
stayed CONSISTENT? … of course, even the dopiest Noob doing a simple MA
crossover could make money cuz the market would be MOVING SOMEWHERE
AND WOULD BE FREE OF MANIPULATION BY GOVERNMENT! … sadly, that isn’t
the case by a very long & wide mile for most other markets … crude about the
best we can hope for, and as we’ve seen the last 3 days, sometimes it doesn’t
exactly cooperate either … “The Syndicate” today UP APPROXIMATELY 1.1% on
multiple BTCUSD trades … and it’s only gonna get better from here cuz I’m doing
larger volumes … “grinding each day to “millionairehood” for participants”!
… it’ll be one hell of a party when we get there in a few short years! [or sooner!]
A slow market with nothing going on, a classic setup for the infamous
“pump & dump” in crude, and now lower as price got faded quicker than a
“Taliban Joe” promise … “Let’s go Brandon”! … onto tomorrow.
… outta here … “the future looks so “crudely” bright, I need sunglasses”! 😎
… Onward & Upward!!
-vegas
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