“What happens when the “VIX Genie” escapes the manipulator’s bottle!”
Well now, that escalated quickly to the downside across asset classes didn’t it?
… of course, the real reason everything melted down yesterday afternoon won’t
ever be revealed, cuz that would burst the propaganda narrative of U.S. markets
that at all costs must be maintained … so the ever at the ready MSM financial
news sycophants to the rescue, and it was a very bad 30 YR. T-Bond auction that
did it … yup, there it is, there’s the “culprit”! … “thank your lucky stars we’re here
to report this”! … the TRUTH is much more sinister, and that truth is, “ when the
manipulated “VIX Genie” escapes the bottle the central banks have forced her into,
she’s not particularly in the greatest of moods, and in fact is rather “pissed off”
and ready to do some damage … and damage she does”! … but you’ll never hear
that being said [except right here!], cuz if it did get said on shitbox North Korean
BiZ news CNBC or Dumberg, it would lead to questions, from which the obvious
answers UNDERMINE THE ENTIRE U.S. FINANCIAL SYSTEM, and we can’t have
that … bring it up for the masses to hear, and you won’t be able to get a job in
South Dakota as a “greeter” at a fucking WalMart to save your life!
There comes a point in time, though, where the central banks are the “Chumps”
at the poker table, and that’s when they back off and let the “VIX Genie” burn off a
little steam, confident they can get her back in the bottle once she gets tired … I’m
here to tell you there’s gonna come a moment sometime relatively soon where the
“VIX Genie” says “Fuck You”, I ain’t going back in the bottle, and at that movement
the gig is up and the revolution can commence and the FED is brought to its knees
and finally put out of business … the $64,000 dollar question is, “does the
revolution start first or do markets have to be destroyed first in order to start the
revolution? … dunno … when it comes though, it won’t matter”!
It’s a Holiday in the U.S. today, and scumbag banks & bond markets are closed
… most likely look for the “dead cat bounce” syndrome to be in play … I will point
out, though, the kind of frenzied trading action seen in traditional markets
yesterday, is exactly what goes on in crypto practically every frickin’ day! … ho
hum, what’s the big deal? … imagine if you will, FX, crude oil, gold, & “Stock
Bellies” having that kind of action every day! … wouldn’t it be great? … fact is,
those markets USED TO BE LIKE THAT EVERY FRICKIN’ DAY! … they aren’t any
longer cuz of the utter fixation of central banks to manipulate & control VIX
… guess what? … “they don’t like the idea of you being able to make money off
of their stupidity, so they make trading life as difficult as they can in order for
you to lose, the scumbag banks to win, and then part of that “skim” gets shoved
upstairs to the “master Elites” calling the shots … you want Bitcoin or something
else? … that’s REALITY for traditional mainstream markets, and it doesn’t matter
if you don’t like it”!
So, welcome to crypto! … yesterday’s very mini meltdown nothing atypical at all
… just another day in the nuthouse … and now you should know why I’m a huge
fan of trading crypto … it’s called “non stop OPPORTUNITY”, 24/7/365 it never
stops, and trades CONSISTENTLY 24/7 with very high VIX … just looking at
Ethereum [ETHUSD], name for me any other traditional market that has DALY VIX
of approximately 5% of the value of the underlying asset … go ahead, look for it!
… it ain’t there to be found, and in fact there’s nothing even close! [Imagine gold
with daily ranges of $100, with a 5 cent spread & meaningless commission
… think you could make money? … of course you’d be able to!] … and the
reason it ain’t close, is central banks won’t let them … winning is for banks,
not you specs!
Today sees the PAMM shift trading PERMANENTLY to Ethereum [ETHUSD], and
if I’m forced to [but I don’t think I will be] I’ll trade LTCUSD [Litecoin] … unless
the “VIX Genie” can come permanently out of its bottle in FX, which I don’t see
happening anytime soon], I literally can’t take the manipulative bullshit going on
in FX day after day … you’d have better odds playing slot machines in Las Vegas
than the shit that goes on now that they call “trading” … “Fugetaboutit”! … in
yesterday afternoon’s complete class A+ clusterfark, VIX in ETH exploded by a
factor of between 2X - 3X normal bat shit crazy [BSC], and went up to “nuthouse”
BSC, which means of course Turnkey’s HFT’s blew the spread out to past $10+,
cuz they don’t really wanna fill you anywhere unless you agree to give them
“bigly & yuge” mounds of free money … “yea sure, since you forced us to take
your money, OK here’s your shit fill … enjoy”! … but once Asia opened it was
back to almost normal, running very slightly over the $2 - $2.50 norm … today is
a Holiday so the bond market is closed, and that’s gonna damper quite a bit of
trading once Europe calls it quits … and in fact, Europe has already thrown in the
towel after being open for about 1 hour … seriously, what exactly is Europe good
for? … in any event, the Chuckleheads in Asia, led by Mrs. Watanabe & Gal Pals
ran ETH to its 20 Day Range MA before I even got to my screens … “thanks,
appreciate it [NOT!]”.
A few things to note about ETH trading … first up, is the fact that for
“The Syndicate”, we actually GET PAID TO DO LIMIT ORDERS on the “open
order book” [OOB] platform, and in fact we get 0.025% notional for each order
… that ain’t gonna happen at Turnkey, where we got the spread with the HFT and
that’s it … I’m not to worried about the pricing too much at Turnkey on the MT4,
simply cuz ETH is running within pennies of the OOB platform bid / offer, so it’s
easy to see if the LP at Turnkey is screwing clients or not … and so far given
normal & nuthouse conditions, the two have been in almost perfect alignment in
price … second thing, is the fact that “The Syndicate” enjoys higher leverage
than Turnkey’s ETH, so there’s that to consider as well, and the bid / offer
spread STAYS CONSTANT AT $0.05 come Hell or high water … and finally, ETH
on the OOB platform is 24/7/365 and it never closes … Turnkey’s ETH closes for
the weekend at 5 PM EST, and reopens Sunday night at 01:00, so there’s no
possibility of any weekend trading … not that I would do any anyway, but I’m just
sayin’ … add it all up, and “The Syndicate” stills enjoys a significant advantage
over Turnkey … hey, it is what it is.
Quite frankly, given the fact that the 20 Day Range MA was hit before I even
started today, AND the fact that the scumbag HFT LP at Turnkey has and is
blowing the spread out in ETH, this isn’t exactly the greatest day to start trading
ETH … throw in a Holiday on a Thursday, and at least half the world is treating
the whole shitshow circus as a 4 day weekend, and cya Monday! … we just had
an 11 minute $60 romp out of nowhere in ETH, and conditions have thinned
considerably, and like I said the HFT at Turnkey doesn’t want to play … the spread
as I write is about $6, which is bullshit of course, so that in and of itself should tell
you nobody wants to play except the idiots desiring “action” … no shortage of
them to be sure, but overall liquidity today in the U.S. session is definitely lacking
… which is fine cuz it’s a Holiday atmosphere right now … things should return to
normal with tonight’s Asian session.
And now that the semi panic up move of $60 has worn off and price has come
down some, the spread at Turnkey has returned to its normal approximate $2
… a very choppy day from just after the European open, and remember at Turnkey
the PAMM does NOT enjoy GETTING PAID to do limit orders … we have to clear
the spread, and there are no “style points” here for simply pushing buttons … No
trades today for the Turnkey PAMM, cuz it was over before it even began … no
worries, I’ll pick it up in Asia tonight at the open and see what happens … if it’s
moving and active, I’ll trade it, and if not I’ll be there slightly after the
European open.
A different story for “The Syndicate” … after DOT’s big runup, it’s died … so
EASY PEEZEE, we traded ETH today and “The Syndicate” is UP APPROXIMATELY
0.3% … multiple trades done via limit orders, where we capture the “vig”, PLUS
small profits on each of the scalps … add it up, and Bingo!, Bango!, Boom!, we’re
up about 0.3% … and for those who weren’t around last year at this time or can’t
remember that far back, this was my original intention in forming “The Syndicate”
to trade BTC, which last year at this time was around $8,000 … well, with ETH
climbing near $5,000, conditions are about the same, and it makes for excellent
scalping while getting paid to make a market … of course, you need to have the
algo to do this, but that’s a story for a different day! … and with over 30+ alt-coins
to choose from, 1 - 10 are always moving fast & furious, and if you do the math
there are plenty “The Syndicate” can choose from to scalp and get paid for
making a market … plenty! … and if all else fails, ETHUSD is a great
“default choice” cuz it hits the sweet spot of price & volatility to MAX payout.
… outta here … “the future looks so bright, I need sunglasses”! 😎
… Onward & Upward!!
-vegas
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