The “U.S. of China” is corrupt & perverse to the core … why would you think
“markets” [cough, bullshit, cough] are immune to the corruption?
… NEWS FLASH: “they ain’t” … another financial, criminal open at the NYSE
to feed the Chipmunks … and then comes reality.
Although I’ve been sayin’ this forever, it’s nice to see the truth finally start to
dribble out … everything the Nazi’s did, after the war was over all the western
powers wanted to know was how did you control such a smart group of people
for so long and completely subjugate them to governments will? … directly
below from ZH in case you missed it:
https://www.zerohedge.com/political/governments-admit-using-mass-
formation-psychosis-tool-population-control
I turn my attention today to the “Spoos”, as Turnkey can’t seem to manage a
3 cent spread in crude oil to save their stinkin’ lives … oh wait, I forgot, they
have nothing to do with anything and they’re just innocent bystanders … that’s
the storyline and it’s bullshit … we’ll never find out, but my money says they’re
getting part of the excess “skim” from slippage and high spreads from favored
HFT’s and/or banks, and that about 90%+ of all the fills they do, get filled by the
same one or two firms … I say this cuz they don’t give a shit if any client gets
ripped off from these jackals … you would think they would care, but they don’t
… so why don’t they care? … cuz they’re getting part of the “skim”, and that’s
why nothing ever changes … so, until oil goes back to 3 cents and stays there,
I look elsewhere cuz I’m not gonna feed these assholes free money.
So, how do you determine what the real spread is in any market? … EASY
PEEZEE: watch the spread for a full 5 minutes … whatever the highest amount is,
that’s your spread I GUARANTEE IT, and all the other numbers are delusional
bullshit put there to give the illusion there’s an actual market … there isn’t,
there’s ONLY THEIR MARKET, and since none of this on the MT4 / MT5 is “open
order book” [OOB], like over in crypto, nobody has any idea whether or not
they’re getting ripped off by a bunch of fucking thieves … cuz with ZERO
TRANSPARENCY, it’s THE guaranteed safest bet in the casino that traders are
going to get hosed.
We’re 3 days into 2022, and already 2 out of the 3 in crude has been a frickin’
spread mess, and over in “Spoos” that market is losing VIX faster than Biden’s
poll numbers … and I’m getting the uneasy feeling that what I said about
“Spoos” in an earlier blog post is coming true … namely, “Stonks” got nowhere
to go for the entire winter, and we are starting to see that as the 20 Day Range
MA is starting to get crushed … not just in “Spoos” but in crude as well … both
down between 20% - 30% and continuing to fall as the FED makes certain NOT
to let “Stock Bellies” go “Thelma & Louise” … how about just drift and do
nothing? … it might be too early to tell, but it’s starting to feel that way … over
in crude, we’re starting to get that parabolic price rise again, and we all know
how that ends … every time the same way … quite frankly, I got a very uneasy
feeling about both markets right now, sitting here watching the “Spoos” do
absolutely nothing, here within an hour of NOON in New York.
I had this feeling yesterday, and after the close I ran some statistical numbers
on approximately 20 markets, measuring a ton of metrics and then stacking
everything up against the crypto algorithm specifically designed for crude
… the purpose being, “where is acceptable VIX hiding for my trading and in
which markets”? … and of course, if VIX can stay relatively healthy, even low for
a while, that’s OK, just NOT so low algorithm parameters & metrics are useless
… that’s a pretty wide range, and yet, given the disaster that is FX there aren’t
that many markets that come to our aid … specifically, are there any markets
that escaped the “VIX Thelma & Louise” beating seen since the middle
of December?
Remember, we can’t trade ETH [Ethereum] at Turnkey, or Bitcoin, simply cuz the
spreads are horrific when the coins move … horrific doesn't do it justice they’re
that bad … FX pairs a complete joke, where they only actually trade 1 or 2 days
per month … other “Stock Bellies” indices like the DAX40 are too inconsistent in
terms of range AND spread … both a nightmare to navigate at Turnkey … even
now, crypto is losing VIX quickly, and if the “Spoos” go “sleepytime” and oil
continues to misbehave, not from a market perspective, but from the perspective
of getting ripped off by Turnkey, then what the hell is there I can trade?
And the numbers kind of surprised me after I ran them … cuz through it all, of all
markets, gold held its own the best, and performs exceptionally well with the
adapted crypto algorithm used in oil … if you use the metric of $0.10 = 1 PIP, then
gold’s spread is between 1.5 - 2.5 PIPS, with a 20 Day Range MA most of the time
over weeks and months between $18 - $25 … if EURUSD, or GBPUSD, or even
USDJPY had a consistent range of 180 - 250 PIPS per day, and a spread of 2 PIPS,
would you trade it? … hell yes you would! … and this metric is about the same as
crude oil, but cheaper to trade … and over the last 3 weeks, has only lost to the
Holidays about 10% of its 20 Day Range MA … that’s the best of any market I ran!
… CONSISTENCY of range & spread is vital … and it’s the key reason central
banks manipulate VIX, cuz it’s so effective in shaping attitudes about markets
and direction, while at the same time enriching their BFF scumbag bank LP’s,
from which they get their “skim” … you look at crude oil today, and over the last
hour and a half, you’d be lucky to get out of the spread if you’ve traded it … and
when these jackals blow the spread out, it becomes exponentially more difficult
to make money, cuz when crude slows down in a heartbeat, it doesn’t mess
around … which begs the question … “Is it easier for crude oil to move 4 OR 5
cents on the bid side, or is it easier for gold to move 25 or 30 cents”? … well,
that’s an easy question to answer, cuz all you got to do is watch it for 5 minutes
and you’ll know the answer … it’s clearly gold that’s the winner, consistently
more of the time than crude … the average M1 in crude has a range most of the
time of between 7 - 9 cents … the average M1 in gold has a range most of the
time of between 40 - 70 cents … and slippage matters more in crude than gold
… now, these values are representative when conditions are normal, not
when SHTF and they have nice moves … in other words, normal trading.
So, starting tonight, I’ll be adding gold back into the PAMM mix using the
adapted crypto algorithm I developed for crude oil … it’s different than the older
version I used for gold, cuz I’ve added some metrics the other didn’t have … and
those make all the difference in the world … cuz I’m not gonna sit here and
simply watch paint dry, whether it’s “Spoos” or oil, and just twiddle my thumbs
wondering when does something happen … and as a side note, I find it
interesting that the FED’s Kashkari’s prediction of 2 rate rises yesterday didn’t
affect gold one bit … could be that REAL INFLATION OF OVER 10%+ doesn’t get
cut much by seeing treasury rates go up 25 or 50 basis points to 2% … and word
on the street is, the FED is getting ready to “reformulate” the CPI & PPI?
… another attempt to hide inflation and fool the masses, but it won’t work!
It’s past NOON in New York, and from a trading perspective, both the “Spoos”
and crude oil are simply a disaster … and it gets no better over in crypto where
ETH is basically DEAD … AN $85 - $90 RANGE FOR THE DAY AFTER 19 HOURS?
… so, what does a crypto trader do when ranges collapse? … EASY PEEZEE: go
back to trading BTC and grind yield out cuz the “vig” is so high … and that’s
what I’ve done today for “The Syndicate”, and via multiple trades in BTC, we’re
UP APPROXIMATELY 0.3%.
For the Turnkey PAMM there were no trades today … a spread mess in oil
[Thanks Turnkey!] and the “Spoos” dead in the water with no VIX and no range
worth mentioning … early afternoon in New York, and the range is 21 index
points from the tips … yea, knock yourself out with this shit … what a frickin’
joke. Hopefully by adding gold, I got something that I can at least scalp using
the algo … we’ll see what tomorrow brings.
… outta here … “The future’s so bright I need sunglasses”!! 😎
… Onward & Upward!!
-vegas
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