And it isn’t simply those who are completely addicted to social media … the list
is long, the lies & deceptions hypnotic, as they are repeated over and over again
to a mind numbed public to lend them legitimacy … and as we make the jump to
the trading world, the lies & deceptions only get bigger, bolder, and more
dangerous … how do you tame a trading world filled with manipulators &
liquidity providers [LP’s] who are liars & thieves? … there simply are no perfect
answers … crypto trading markets come close, but there are issues here as well
with “whales” and their nefarious actions … the only good thing to come of it,
is the fact that “whales” ADD VIX to a market cuz they do it for profit, while
government manipulators in traditional markets do it to cause harm to all specs
and enrich banks while DECREASING VIX, who not incidentally provide them
with their “skim”.
It doesn’t matter who you are or your style of trading, there is always at least
one scenario where any market can cause you pain by losing money … at least
one, more likely many times that if you haven’t done your homework … I don’t
know of any model of trading that seeks to trade or position itself in a dead
market, one that refuses to move very much if at all … therefore, you can pretty
much chalk up that scenario for losses on EVERY TRADING MODEL THERE IS,
wishing to gain profit from changing price … for me and my style of trading for
the PAMM, what frosts my cupcake are markets that too often go in straight
up / down moves with ZERO corrective activity [the Loser Formation]… that’s
not to say they shouldn’t happen, cuz everything happens … what I’m talkin’
about is way over the top from normal expectations, and that’s caused by
manipulation … how do I know this? … easy … ALL crypto markets are almost
100% spec dominated, especially in perpetual futures, and there aren’t any
scumbag banks or central banks who use the CNTRL-P machine to manipulate
either price or VIX … and there is corrective activity all over the place, from the
smallest moves to even the biggest moves that make people’s eyes water
… without manipulation, markets move via the “fear & greed” cycle based on
human psychological characteristics that never change in the collective, and
quite frankly this is MISSING in traditional markets the vast majority of days.
No market is perfect, cuz there always will be issues that crop up … and in
today’s MT4 / MT5 environment, almost all of these problems are the result of
thieving, scumbag LP’s brokerage houses use … 1) “bait & switch” bid / offer
spreads that crop up too frequently, and 2) horrible slippage on fills, cuz
remember on the MT4 / MT5, every order is A “MARKET ORDER” … limit orders
are filled as “market if touched” [MIT] and are filled exactly as stops are filled,
meaning you get screwed most of the time … FX offers the least of these
disruptions to profitability versus other markets, but occasionally the greed is
too overwhelming and they take you for a hit.
I said on Friday I was going to look at USDCAD and see if it was as good, the
same, or worse than GBPUSD, cuz they both have about the same daily ranges
… and the answer is, CAD is worse, so it’s not a good candidate for scalping
… cutting to the chase, the data says average M1 ranges, in both good times and
bad [for price & VIX movement], sees about 1 PIP less for CAD than GBP … that
will leave us with 3 markets to trade … 1) GBPUSD, 2) USDJPY, & 3) SP500
[“Spoos”] … I said before, too bad the brokerage community can’t offer a decent
crude oil CFD, and while I’m always scanning the internet for newer houses with
their offerings, and hopefully someday things will improve to the point crude
becomes viable, right now they are all RIP OFFS not worthy of consideration
… either they offer no leverage or the bid / offer spread is ridiculously high, and
when you factor in possible slippage, there’s no way you make consistent money
from any of these cuz it would be akin to throwing money in a slot machine.
Directly below, this week’s 20 Day Range MA’s for selected markets.
Quite a drop in crypto 20 day averages! … about an $80 drop in ETH, which is
sizeable … but hey, whaddaya expect after 9 days of complete shit tiny ranges?
… hopefully, this train wreck of no action is gone for now … I have no idea what
the new week’s trading brings to the table tonight when the week opens … it will
depend on the spreads, so there’s the possibility tomorrow is a “throw away”
… we’ll see.
… outta here … “The future’s so bright I need sunglasses!! 😎
… Onward & Upward!!
-vegas
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